Credit arrangements for FNS Financial Services Training Package

Release: 3.1

FNS Financial Services Training Package

Modification History

Release Number	Release Date	Comments
Release 3.1	September 2018	Minor release to update qualification mapping information, and unit codes and titles in qualifications
Release 3.0	February 2018	Qualifications Two new qualifications: FNS40217 Certificate IV in Accounting and Bookkeeping FNS50417 Diploma of Payroll Services Two qualifications superseded by and not equivalent to FNS40217 Certificate IV in Accounting and Bookkeeping : FNS40215 Certificate IV in Bookkeeping FNS40615 Certificate IV in Accounting Additions to the listed elective units of all Diploma and Advanced Diploma qualifications. All Diploma and Advanced Diploma qualifications remain equivalent to FNS Financial Services Training Package Release 2.1 Entry requirements added and changes to the listed elective units of two qualifications: FNS50217 Diploma of Accounting FNS60217 Advanced Diploma of Accounting Changes to the core units, packaging rules and listed elective units of one qualification: FNS30317 Certificate III in Accounts Administration Skill sets Four new skill sets: FNSSS00012 Payroll Administrator Skill Set FNSSS00013 Business Ethics and Conduct Skill Set FNSSS00014 Accounting Principles Skill Set FNSSS00015 Accounting Advanced Principles Skill Set Units of Competency Eight new units of competency: FNSACC304 Conduct business activities using a computerized accounting system FNSPAY501 Process salary packaging arrangements and additional allowances in payroll FNSPAY502 Process superannuation payments in payroll FNSPAY503 Process complex employee terminations in payrollFNSPAY504 Interpret and apply knowledge of industrial regulation relevant to payroll FNSPAY505 Interpret and apply knowledge of taxation systems relevant to payroll FNSINC503 Identify situations requiring complex ethical decisions to be made FNSINC504 Apply ethical frameworks and principles to make and act upon decisions Updates to 17 units of competency to align content with industry skills needs and standards: FNSACC311 Process financial transactions and extract interim reports FNSACC312 Administer subsidiary accounts and ledgers FNSACC313 Perform financial calculations FNSACC411 Process business tax requirements FNSACC412 Prepare operational budgets FNSACC413 Make decisions in a legal context FNSACC414 Prepare financial statements for non-report entities FNSACC416 Set up and operate a computerised accounting system FNSACC511 Provide financial and business performance information FNSACC512 Prepare tax documentation for individuals FNSACC513 Manage budgets and forecasts FNSACC514 Prepare financial reports for corporate entities FNSACC516 Implement and maintain internal control procedures FNSACC517 Provide management accounting information FNSACC624 Monitor corporate governance activities FNSTPB401 Carry out business activity and instalment activity statement tasks FNSTPB402 Establish and maintain payroll systems Update to one unit of competency to align unit title and content with industry skills needs and work practices: FNSACC408 Work effectively in the accounting and bookkeeping industry (previously FNSBKG401 Develop and implement policies and procedures relevant to bookkeeping activities) Two units of competency deleted: FNSBKG402 Establish and maintain a cash accounting system FNSBKG403 Establish and maintain an accrual accounting system.
Release 2.1	September 2016	Reinstatement of FNS30415 Certificate III in Mercantile Agents to the Training Package. Updates to imported units for some qualification elective unit lists.
Release 1.0	March 2015	Primary release of restructured Training Package. This release of FNS Financial Services Training Package contains 46 qualifications and 364 FNS units that have been updated to meet the Standards for Training Packages. It includes eight new units of competency, 155 imported units and four new Skill Sets. Qualifications One qualification removed: FNS41611 Certificate IV in Loss Adjusting Two qualifications moved to BSB Training Package: FNS50411 Diploma of Conveyancing FNSCNV60311 Advanced Diploma of Conveyancing Two qualifications based on merged qualifications: FNS41915 Certificate IV in Personal Injury Management FNS42015 Certificate IV in Banking Services Qualifications updated and not equivalent to FNS10 qualifications FNS30615 Certificate III in Insurance Broking FNS40615 Certificate IV in Accounting FNS41915 Certificate IV in Personal Injury Management FNS42015 Certificate IV in Banking Services FNS41715 Certificate IV in Insurance Broking FNS50115 Diploma of Personal Injury Management FNS50215 Diploma of Accounting FNS50815 Diploma of Integrated Risk Management. FNS51215 Diploma of Insurance Broking FNS51415 Diploma of Loss Adjusting FNS51715 Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management. FNS60115 Advanced Diploma of Insurance Broking FNS60215 Advanced Diploma of Accounting Skill Sets Four new Skill Sets FNSSS00005 Tax Law for Tax Agents Skill Set (Tax documentation) FNSSS00006 Tax Law for Tax Agents Skill Set (Tax plans) FNSSS00007 Commercial Law for Tax Agents Skill Set FNSS00008 Commercial Law for Financial (tax) Advisers Units of competency Eight new units of competency FNSIBK406 Deliver professional broking services FNSIBK608 Establish and maintain strategic networks and collaborative relationships FNSINC502 Assess financial products and services vulnerability to money laundering and terrorism financing FNSPIM504 Manage impairment benefits claims FNSPIM505 Use medical knowledge in the management of personal injury insurance claims FNSTPB503 Apply legal principles in consumer and contract law FNSTPB506 Apply taxation requirements when providing tax (financial) advice services FNSTPB507 Apply commercial law requirements when providing tax (financial) advice services Two units of competency removed: FNSIBK301A Provide insurance broking services in response to a customer enquiry FNSIGN405A Inspect vehicle systems and components and determine preferred repair action All units of competency re-coded and restructured to meet the Standards for Training Packages.

Credit Arrangements

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe