Establish and maintain an accrual accounting system
Business Finance and Culture
This unit describes the performance outcomes, skills and knowledge required to establish debtors and creditors, bad debt and contra entries, perform reconciliations, review compliance terms and conditions, plan a recovery action and prepare reports to set up and maintain a manual and computerised accrual accounting system. This unit is applicable to individuals working within enterprises and job roles subject to l icensing, legislative, regulatory or certification requirements including v arious aspects of the Tax Act, Goods and Services Tax (GST) rulings.
Student Recognition Guide
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This Module/Unit is included in the following course(s):