Modification History
Release |
Comments |
Release 2 |
This Qualification first released with FNS10 Financial Services Training Package version 2.0. Redraft entry requirements to remove potential ambiguity. |
Description
This qualification reflects professional accounting job roles in financial services and other industries.
Pathways Information
Preferred pathways for candidates entering this qualification include:
- Certificate IV in Accounting
- Certificate IV in Bookkeeping.
The primary pathway from this qualification is employment in accounting job roles with duties such as:
- introducing and maintaining accounting systems
- maintaining internal control systems
- preparing financial statements for a non-reporting entity
- reporting on business performance
- preparing accounting reports for management.
A further learning pathway utilising qualifications such as Advanced Diploma of Accounting would support career progression.
Licensing/Regulatory Information
Not applicable.
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
9 units must be achieved:
6 core units
plus 3 elective units
1 elective units 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.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
FNSACC501A Provide financial and business performance information
FNSACC502A Prepare income 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 of competency:
FNSACC505A Establish and maintain accounting information systems
FNSACC607A Evaluate business performance
FNSINC601A Apply economic principles to work in the financial services industry
FNSINC602A Interpret and use financial statistics and tools
FNSFMK505A Comply with financial services legislation and industry codes of practice
FNSORG505A Prepare financial reports to meet statutory requirements
FNSORG506A Prepare financial forecasts and projections
BSBITU402A Develop and use complex spreadsheets
BSBWOR401A Establish effective workplace relationships