Course Title: Maintain asset and inventory records

Part A: Course Overview

Program: C5178

Course Title: Maintain asset and inventory records

Portfolio: BUS

Nominal Hours: 30.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code




Learning Mode

Teaching Period(s)


City Campus


650T TAFE Business


Course Contact: Ian Nash

Course Contact Phone: +61 3 9925 5733

Course Contact Email:

Course Description

This unit describes those functions associated with the maintenance of records for fixed assets and inventory.

Pre-requisite Courses and Assumed Knowledge and Capabilities

This Unit of Competency is taught in conjunction with:

FNSACCT402A Produce job costing information [COSC 5237C]

National Competency Codes and Titles

National Element Code & Title:

FNSACCT406A Maintain asset and inventory records


Comply with organisational asset acquisition procedures.

Prepare schedules and ad hoc reports.

Recognise new assets and asset categories.

Reconcile asset register and inventory records to general ledger.

Record disposal of fixed assets.

Record inventory flows.

Learning Outcomes

Please refer to Elements of Competency.

Overview of Assessment

The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.

Assessment will incorporate a variety of methods including technical requirements documentation, homework and in class exercises, written tests, practical problem solving exercises, presentations and practical tests. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.

The written tests will focus on the student’s practical ability to solve problems and provide meaningful solutions to a set of questions asked of them for the work completed up to the time of the test.