Modification History
|
Release |
Comments |
|
Release 2 |
This version released with FNS Financial Services Training Package version 1.1 Release 2 created to correct typographical error |
|
Release 1 |
This qualification first released with FNS Financial Services Training Package version 1.0 |
Qualification Description
This qualification is designed to reflect the job roles of contract bookkeepers and employees performing bookkeeping tasks for organisations in a range of industries. It includes the preparation and lodgement of business and instalment activity statement tasks and the provision of advice or dealing with the Commissioner on behalf of a taxpayer in relation to the activity statements. Individuals in these roles apply theoretical and specialist knowledge and skills to work autonomously and exercise judgement in completing routine and non-routine activities.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Persons providing a business activity statement (BAS) service must be registered by the Tax Practitioners Board and this qualification is currently cited as meeting the educational requirements for registration. Other conditions apply including a designated period of experience. Persons seeking BAS agent registration should check current registration requirements with the Board as this is reviewed regularly.
Entry Requirements
Nil
Packaging Rules
Total number of units = 13
6 core units plus
7 elective units
The elective units consist of:
- 2 units from Group A or Group B
Of the remaining 5 units:
- up to 2 may be from Group A or Group B
- up to 5 may be from Group C
- up to 2 may be from a Certificate III, Certificate IV or Diploma in any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
Core Units
BSBFIA401 Prepare financial reports
BSBITU306 Design and produce business documents
FNSBKG401 Develop and implement policies and procedures relevant to bookkeeping activities
FNSBKG404 Carry out business activity and instalment activity statement tasks**
FNSBKG405 Establish and maintain a payroll system**
FNSINC401 Apply principles of professional practice to work in the financial services industry
Elective Units
Group A
FNSBKG402 Establish and maintain a cash accounting system
FNSBKG403* Establish and maintain an accrual accounting system
Group B
FNSACC301 Process financial transactions and extract interim reports
FNSACC302 Administer subsidiary accounts and ledgers
Group C
BSBCUS301 Deliver and monitor a service to customers
BSBCUS403 Implement customer service standards
BSBFRA301 Work within a franchise
BSBFRA403 Manage relationship with franchisor
BSBITU402 Develop and use complex spreadsheets
BSBSMB405 Monitor and manage small business operations
BSBSMB412 Introduce cloud computing into business operations
BSBWHS201 Contribute to health and safety of self and others
BSBWOR501 Manage personal work priorities and professional development
BSBWRT301 Write simple documents
FNSACC303 Perform financial calculations
FNSACC404 Prepare financial statements for non-reporting entities
FNSACC405 Maintain inventory records
FNSACC406 Set up and operate a computerised accounting system
*Note the following prerequisite unit requirements:
|
Unit in this qualification |
Prerequisite unit |
|
FNSBKG403 Establish and maintain an accrual accounting system |
FNSBKG402 Establish and maintain a cash accounting system |
** Units form BAS agent registration Skill Set.
Qualification Mapping Information
|
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
FNS40215 Certificate IV in Bookkeeping |
FNS40211 Certificate IV in Bookkeeping |
Updated to meet Standards for Training Packages. Packaging rules updated - reduced number of core units and additional compulsory elective units in Group A or B |
Equivalent qualification |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
