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Qualification details

PSP50512 - Diploma of Government (Financial Services) (Release 1)

Summary

Usage recommendation:
Deleted
The Deleted usage recommendation was implemented on 13 June 2017 to describe training components that have no replacement. Enrolments in training components and statements of attainment or qualifications issued before 13 June 2017 are valid. For any components marked as deleted after 13 June 2017, the applicable transition/teach-out periods apply. For specific questions regarding the enrolment, delivery or issuance of a statement of attainment/qualification, please contact your training regulator.
Mapping:
MappingNotesDate
DeletedDeleted from PSP12 Public Sector Training Package06/Mar/2016
Supersedes and is equivalent to PSP50504 - Diploma of Government (Financial Services)New release of PSP50504. Elective grouping changed.31/Oct/2012

Releases:
ReleaseRelease date
1 1 (this release) 01/Nov/2012

Delivery:
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Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
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PSPOHS301A - Contribute to workplace safetyContribute to workplace safetyDeletedElective
PSPETHC501B - Promote the values and ethos of public servicePromote the values and ethos of public serviceSupersededCore
PSPGOV504B - Undertake research and analysisUndertake research and analysisSupersededCore
FNSACC503A - Manage budgets and forecastsManage budgets and forecastsSupersededElective
FNSACC601A - Prepare complex tax returnsPrepare complex tax returnsSupersededElective
FNSORG502A - Develop and monitor policy and proceduresDevelop and monitor policy and proceduresSupersededElective
PSPGOV505A - Promote diversityPromote diversitySupersededCore
FNSORG505A - Prepare financial reports to meet statutory requirementsPrepare financial reports to meet statutory requirementsSupersededElective
FNSACC505A - Establish and maintain accounting information systemsEstablish and maintain accounting information systemsSupersededElective
FNSACC506A - Implement and maintain internal control proceduresImplement and maintain internal control proceduresSupersededElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 221111 Accountant (General) 
ASCO (occupation type) Identifier 2211-11 Accountant 
ASCED Qualification/Course Field of Education Identifier 0901 Political Science And Policy Studies 
Qualification/Course Level of Education Identifier 421 Diploma 
Taxonomy - Industry Sector N/A Fraud Control 
Taxonomy - Occupation N/A Senior Finance Officer 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 221111 Accountant (General) 20/Feb/2013 
ASCO (occupation type) Identifier 2211-11 Accountant 20/Feb/2013 
ASCED Qualification/Course Field of Education Identifier 0901 Political Science And Policy Studies 20/Feb/2013 
Qualification/Course Level of Education Identifier 421 Diploma 01/Nov/2012 
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Modification History

Release 

TP Version 

Comments 

1

PSP12 V1

First release. Supersedes and equivalent to PSP50504

Description

This specialist qualification covers the competencies required of senior finance officers in the public sector. Electives should reflect the responsibilities of the individual and the job skills required for effective performance. Where a free choice of Electives is possible in the qualification packaging rules, Electives may also be drawn from other Training Packages to reflect the work context and career plans of the individual.

Pathways Information

Not applicable.

Licensing/Regulatory Information

Not applicable.

Entry Requirements

Not applicable.

Employability Skills Summary

Not applicable.

Packaging Rules

11 units of competency are required for this qualification:

  • 6 core units
  • 5 elective units:
  • Choose 1 elective unit from Group A
  • Choose a minimum of 3 elective units from Group B
  • Choose the remaining elective unit from elsewhere within this Training Package, or from another endorsed Training Package or Accredited Course.

Units selected should not duplicate content already covered by other units in this qualification. 

All elective units must be selected from an equivalent qualification level or higher, unless otherwise stated.

** For this qualification, a maximum of 1 unit from Certificate IV level may be used.

Core Units 

PSPETHC501B

Promote the values and ethos of public service

PSPFIN501A

Apply public sector financial policies and processes

PSPGOV504B

Undertake research and analysis

PSPGOV505A

Promote diversity

PSPGOV512A

Use complex workplace communication strategies

PSPLEGN501B

Promote compliance with legislation in the public sector

Elective Group A 

PSPOHS301A

Contribute to workplace safety

PSPOHS501A

Monitor and maintain workplace safety

Electives 

FNSACC501A

Provide financial and business performance information

FNSACC503A

Manage budgets and forecasts

FNSACC505A

Establish and maintain accounting information systems

FNSACC506A

Implement and maintain internal control procedures

FNSACC507A

Provide management accounting information

FNSACC601A

Prepare complex tax returns and lodgements

FNSACC603A

Implement tax plans and evaluate tax compliance

FNSACC302A

Administer subsidiary accounts and ledgers

FNSORG502A

Develop and monitor policy and procedures

FNSORG503A

Develop a resource plan

FNSORG505A

Prepare financial reports to meet statutory requirements

FNSACC505A

Establish and maintain accounting information systems

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