FNSACC426 — Set up and operate computerised accounting systems

1 Implement integrated accounting system

• 1.1Establish general ledger, chart of accounts, and subsidiary accounts according to organisational requirements, policies and procedures
• 1.2Set up customers, suppliers and inventory items in system according to organisational requirements and reporting requirements of goods and services tax (GST)
• 1.3Establish and review system output, verify accuracy of data, and identify sources of technical help and use them to solve operational problems

2 Process transactions in system

• 2.1Prepare input data for processing
• 2.2Process cash and credit transactions according to organisational policies and procedures
• 2.3Use general journal to make balance day adjustments for prepayments and accruals
• 2.4Review system output process, verify accuracy of data input, and make adjustments for any detected processing errors
• 2.5Perform end of financial year rollover according to legislative requirements and organisational policies and procedures

3 Maintain system

• 3.1Add new general ledger accounts, and customer, supplier, inventory and fixed asset records as required
• 3.2Maintain and update existing chart of accounts, and customer, supplier, inventory and fixed asset records and subsidiary accounts
• 3.3Customise chart of accounts according to reporting requirements of organisation

4 Produce reports

• 4.1Generate reports that indicate financial performance and financial position of organisation, and for GST purposes
• 4.2Generate reports that confirm that subsidiary ledgers and accounts reconcile with general ledger
• 4.3Generate reports that confirm that system's bank account entries reconcile with bank statements
• 4.4Identify and implement systems and secure information storage practices according to legislative and organisational requirements
• 4.5Maintain secure record of processed transactions for audit purposes

What does an assessment tool for FNSACC426 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for FNSACC426 needs to address all 31 unit components: 4 elements with 16 performance criteria, 4 performance evidence requirements, 7 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for FNSACC426?

Auditori pulls the current release of FNSACC426 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for FNSACC426 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing FNSACC426 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of FNSACC426, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.