Modification History
Release |
Comments |
Release 4 |
Unit removed from elective pool - FNSACC403B |
Release 3 |
This version released with FNS10 Financial Services Training Package version 3.0. Units changes and inclusions to reflect Tax Practitioners Board requirements – FNSACC502B in the core; FNSACC403B, FNSTPB501A, FNSTPB502A, FNSACC601B added to electives. Entry requirements reworded to clarify the intended requirement and remove artificial barriers. Qualification outcomes remain unchanged. |
Release 2 |
This version released with FNS10 Financial Services Training Package version 2.0. Redraft entry requirements to remove potential ambiguity. |
Release 1 |
This Qualification first released with FNS10 Financial Services Training Package version 1.0. |
Description
This qualification reflects professional accounting job roles in financial services and other industries.
Pathways Information
Pathways into the qualification
Preferred pathways for candidates entering this qualification include:
- Certificate IV in Accounting
- Certificate IV in Bookkeeping
Pathways from the qualification
A learning pathway utilising qualifications such as Advanced Diploma of Accounting would support career progression.
Licensing/Regulatory Information
NOTE : Work functions in this occupational area are subject to regulatory requirements. You should refer to the IBSA website (www.ibsa.org.au under Training Packages/Industry) for specific guidance on requirements.
Entry Requirements
The entry requirement for this qualification is completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS10.
or
Completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS04.
The entry requirement can be met by evidence of equivalent competency to either of the above through recognition of prior learning (RPL).
Employability Skills Summary
The following table contains a summary of the Employability Skills required by industry for this qualification. The Employability Skills facets described here are broad industry requirements that may vary depending on qualification packaging options.
Employability Skill |
Industry/enterprise requirements for this qualification include: |
Communication |
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Teamwork |
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Problem-solving |
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Initiative and enterprise |
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Planning and organising |
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Self-management |
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Learning |
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Technology |
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Packaging Rules
Total number of units = 9
6 core units plus
3 elective units
1 elective unit must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. These elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
Core Units
FNSACC501A Provide financial and business performance information
FNSACC502B Prepare legally compliant tax returns for Individuals
FNSACC503A Manage budgets and forecasts
FNSACC504A Prepare financial reports for corporate entities
FNSACC506A Implement and maintain internal control procedures
FNSACC507A Provide management accounting information
Elective Units
FNSACC505A Establish and maintain accounting information systems
FNSACC601B Prepare and administer compliant tax returns for legal entities
FNSACC607A Evaluate business performance
FNSFMK505A Comply with financial services legislation and industry codes of practice
FNSINC601A Apply economic principles to work in the financial services industry
FNSINC602A Interpret and use financial statistics and tools
FNSORG505A Prepare financial reports to meet statutory requirements
FNSORG506A Prepare financial forecasts and projections
FNSTPB501A Apply legal principles in corporations and trusts law
FNSTPB502A Apply legal principles in commercial and property law
BSBITU402A Develop and use complex spreadsheets
BSBWOR401A Establish effective workplace relationships