Qualification details

Release 

Comments 

Release 2

This version released with FNS10 Financial Services Training Package version 3.0.

Unit FNSACC403B replaced in the core, changes to reflect content in line with Tax Practitioners Board requirements. Qualification outcomes remain unchanged.

Release 1

This Qualification first released with FNS10 Financial Services Training Package version 2.0.

Replaced BSBOHS303B Contribute to OHS hazard identification and risk assessment with BSBOHS201A Participate in OHS processes. This is considered a more appropriate unit for this qualification.

Replace BSBPMG403A Apply cost management techniques with FNSACC407A Produce job costing information. This is considered a more appropriate unit for this qualification.

Replaces FNS40610 Certificate IV in Accounting.

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 when preparing budgets
• liaising, listening and consulting
• preparing and presenting routine 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 with others to implement policies and procedures
• referring matters to nominated person as required
• working with others to gather information and to develop budgets

Problem-solving

• applying estimating, forecasting and analysis skills
• checking the accuracy of calculations
• determining security protocols
• identifying OHS hazards and 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
• referring non-routine problems to a nominated person

Planning and organising

• establishing and maintaining an accounting system
• maintaining accounting records for compliance purposes
• maintaining systems, records and reporting procedures
• processing accounting data and preparing reports
• researching and managing data collection and testing

Self-management

• adapting to change in technology and work practices
• identifying and acting upon professional development opportunities
• understanding and acting upon compliance matters
• working ethically and complying with industry professional code of practice and legislative requirements
• working within own defined work role

Learning

• developing and maintaining personal competence
• maintaining knowledge of relevant legislation and industry 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