BSBFIN302 - Maintain financial recordsBSBFIN302Maintain financial records

This unit describes the skills and knowledge required to maintain daily financial records such as reconciling systems for debtors and creditors, preparing and maintaining a general ledger and trial balance. It also includes activities associated with monitoring cash control for accounting purposes.

The unit applies to individuals employed in a range of work environments with responsibility for simple accounting functions within an organisation. They may work as individuals providing administrative support within an enterprise or may be other members of staff with delegated responsibilities relating to maintenance of general financial records.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Business Competence – Financial Literacy

No equivalent unit. Supersedes but is not equivalent to:

BSBFIA301 Maintain financial records

BSBFIA304 Maintain a general ledger

BSBINT306 Apply knowledge of international finance and insurance to complete work requirements.

Companion Volume Implementation Guide is found on VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10