Qualification details

Release 

Comments 

Release 3

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

Units changes - FNSACC601B; and inclusions - FNSACC502B; FNSACC403B, FNSTPB501A, FNSTPB502A in electives, to reflect Tax Practitioners Board requirements.

Entry requirements reworded to clarify the intended requirement and remove artificial barriers.

Qualification outcomes remain unchanged.

Release 2

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

Redraft entry requirements to more clearly express the intended requirements and also remove unintended barriers.

Release 1

This Qualification first released with FNS10 Financial Services Training Package version 1.0.

Employability Skill 

Industry/enterprise requirements for this qualification include: 

Communication

• developing and writing reports to specifications
• negotiating solutions with clients
• preparing and presenting correspondence in appropriate electronic formats
• questioning, listening and clarifying client’s requirements
• 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 a range of presentation skills and presenting financial reports using graphs, diagrams and tables

Teamwork

• liaising with government collection agencies and working with internal staff to achieve team goals
• negotiating and agreeing with staff on performance standards

Problem-solving

• aligning requirements of the system with the needs of users
• analysing and synthesising information and determining levels of risk
• applying estimating, forecasting and analysis skills
• conducting variance and cost benefit analyses
• developing financial performance indicators and security arrangements to ensure the integrity of the system
• establishing and reviewing assumptions/parameters
• identifying financial risks
• preparing complex taxation returns
• testing procedures and analysing internal control procedures
• using problem solving tools and techniques
• using sampling and selection techniques

Initiative and enterprise

• applying referral skills
• contributing to solutions for workplace challenges
• demonstrating flexibility to meet changing environments
• designing appropriate formats for reports
• investigating corporate governance trends

Planning and organising

• allocating and reviewing resource allocation and maintaining accurate records
• developing and monitoring implementation plans
• ensuring the integrity of systems, records and reporting procedures are maintained
• establishing and monitoring performance targets
• implementing internal financial audit to ensure ongoing compliance

Self-management

• defining and working within own work role
• managing own time and priorities and dealing with contingencies
• taking responsibility as required by work role and ensuring all organisational policies and procedures are followed
• understanding and acting upon compliance requirements
• working ethically and complying with industry professional code of practice and legislative requirements

Learning

• adapting to change in technical and work procedures
• developing and maintaining personal competence
• identifying opportunities for professional development
• maintaining currency of knowledge of legislation and industry codes of practice
• using online help for self-learning purposes

Technology

• conducting web searches and using corporate templates
• evaluating information technology systems and having the capacity to troubleshoot problems
• using business technology such as computers and applying word processing, spreadsheet and database skills to produce workplace documents
• using research data devices and telecommunication devices and equipment
• using technology to manage financial information and to assist in the planning process