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 reflects accounting job roles in financial services and other industries requiring accounting support functions. 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
There is no direct link between this qualification and licensing, legislative and/or regulatory requirements. However, where required, a unit of competency will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit.
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
10 core units plus
3 elective units
The elective units consist of:
- 1 from the electives below.
Of the remaining 2 units:
- up to 2 may be from the electives
- up to 2 may be from Certificate III, 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
FNSACC301 Process financial transactions and extract interim reports
FNSACC302 Administer subsidiary accounts and ledgers
FNSACC402 Prepare operational budgets
FNSACC404 Prepare financial statements for non-reporting entities
FNSACC406 Set up and operate a computerised accounting system
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
BSBITU402 Develop and use complex spreadsheets
BSBWHS201 Contribute to health and safety of self and others
BSBWRT301 Write simple documents
FNSACC303 Perform financial calculations
FNSACC401 Process business tax requirements
FNSACC403 Make decisions in a legal context
FNSACC405 Maintain inventory records
FNSACC407 Produce job costing information
FNSACM401 Evaluate and authorise payment requests
FNSORG505 Prepare financial reports to meet statutory requirements
FNSORG506 Prepare financial forecasts and projections
* Units form BAS agent registration Skill Set.
Qualification Mapping Information
|
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
FNS40615 Certificate IV in Accounting |
FNS40611 Certificate IV in Accounting |
Updated to meet Standards for Training Packages. Packaging rules updated - Core units increased from nine to ten. |
No equivalent qualification |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
