Qualification details

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.

Employability Skill 

Industry/enterprise requirements for this qualification include: 

Communication

• compiling data and preparing financial statements and ad hoc reports
• developing and writing reports to specifications
• discussing and negotiating with stakeholders on matters relating to financial management
• liaising, listening and consulting
• preparing and presenting correspondence in appropriate electronic format
• reading and evaluating complex and formal documents, such as legislation and regulation documents
• processing material and critically analysing and integrating information from a wide range of sources
• using effective telephone techniques and having the ability to negotiate resolutions with clients and colleagues

Teamwork

• contributing and working with others to implement policies and procedures
• referring matters to nominated person as required

Problem-solving

• applying estimating, forecasting and analysis skills
• conducting variance and cost benefit analyses
• determining security protocols
• developing financial performance indicators and security arrangements to ensure the integrity of the system
• establishing and reviewing assumptions/parameters
• identifying financial risks
• identifying OHS hazards and exercising risk control
• solving discrepancies

Initiative and enterprise

• applying learning about ergonomic activities to develop improved processes
• applying referral skills
• designing reports to effectively present workplace information
• identifying trends in the industry
• referring non-routine problems to a nominated person
• researching the feasibility of workplace opportunities

Planning and organising

• establishing and maintaining an accounting system
• establishing, monitoring and reviewing reporting systems
• maintaining accounting records for compliance purposes
• maintaining systems, records and reporting procedures
• preparing, documenting and managing budgets and forecasts
• preparing taxation returns
• researching and managing data collection and testing
• setting milestones and performance indicators
• timetabling, scheduling reports and lodgements

Self-management

• adapting to change in technology and work practices
• defining own work role and understanding limits of responsibility
• developing internal control procedures for corporate governance
• identifying and acting upon professional development opportunities
• understanding and acting upon compliance requirements
• working ethically and complying with industry professional code of practice and legislative requirements

Learning

• developing and maintaining personal competence
• following workplace safety procedures
• maintaining currency of knowledge of relevant legislation and codes of practice
• using online help for self-learning purposes

Technology

• adapting to change in technology and working within ergonomic guidelines
• using technology to assist the management of information and to establish and operate systems
• using word processing, spreadsheet and database skills to produce workplace documents and reports