| CERTIFICATE IV IN FINANCIAL SERVICES (ACCOUNTING) (FNS40604) |
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This qualification will provide you with the basic accounting skills and train you to use computers in the accounting environment, leading to careers in this exciting sector of business.
This course is especially designed for employees who perform duties such as:
- completing Business Activity Statements (BAS) and other office taxes
- operational reporting
- producing of basic management reports
- producing basic job costing reports
- preparing budgets
- supervising the operation of computer based systems
- classifying, recording and reporting of accounting information
- maintaining inventory records
- managing a small office
- making decisions in a legal context.
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Possible Careers
- Payroll Clerk
- Accounts Receivable/Payable Clerk
- Assistant Accountant
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| Note: the minimum age of enrolment for this course is 18 years of age. |
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| 13 units are required for the qualification (10 core units and 3 elective units): |
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FNSICIND401B (Core) Apply principles of professional practice to work in the financial services industry |
This unit covers the fundamental skills needed for employment and the application of industry and company procedures, guidelines, policies and standards in a daily work context within the financial services industry. |
- Identify the scope, sectors and responsibilities of the industry
- Identify and apply financial services industry guidelines, procedures and legislation
- Manage information
- Plan work to be completed taking into consideration time, resources and other constraints
- Develop and maintain personal competency
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| FNSICGEN301B (Core) Communicate in the workplace |
This unit covers the fundamental communication skills needed to work in any sector of the finance industry. It includes the skills needed for interacting with customers, internal and external, and for giving, receiving and recording information. |
- Use a range of techniques to gain workplace information
- Communicate information to others using a range of techniques
- Interact with others to achieve workplace outcomes
- Record workplace information as required
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| FNSICGEN302B (Core) Use technology in the workplace |
This unit covers using computers and associated devices and office technology to achieve outcomes required in the workplace. |
- Clarify the function that the equipment fulfils
- Access and enter information from/into the computer
- Save files/data and produce computer reports as required
- Use manuals and online help to solve computing problems
- Undertake routine maintenance of computers and associated devices
- Use and maintain other workplace equipment
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| FNSICGEN304B (Core) Apply health and safety practices in the workpalce |
This unit covers the competency to work safely in the in the financial services industry and follow sound occupational health practices at work. |
- Follow workplace safety procedures
- Contribute to occupational health and safety at work
- Identify and follow workplace procedure for hazard control and other emergency situations
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| FNSACCT401B (Core) Process business tax requirements |
This unit covers the competency to maintain the taxation accounting records and process lodgements and returns in accordance with Australian Taxation Office (ATO) requirements, excluding income tax. |
- Maintain accounting records for taxation purposes
- Establish and maintain a process for managing business tax returns
- Process business tax returns and lodgements
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| FNSACCT402B (Core) Produce job costing information |
This unit covers the competency to calculate and record the job costs of products and services. |
- Gather and record operating and cost data
- Produce cost reports.
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| FNSACCT403B (Core) Prepare operational budgets |
This unit covers the competency to produce operational budgets. |
- Prepare budget
- Document budget.
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| FNSACCT404B (Core) Make decisions within a legal context |
This unit covers the competency to work and make appropriate decisions within a legal context. |
- Identify the main roles and responsibilities of the key bodies in the legal system
- Identify compliance requirements
- Develop procedures to ensure compliance
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| FNSACCT405B (Core) Prepare financial statements |
| This unit covers the competency to identify skills and outcomes associated with the development of financial reports. |
- Compile data
- Prepare report
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| FNSACCT406B (Core) Maintain asset and inventory records |
This unit describes those functions associated with the maintenance of records for fixed assets and inventory. |
- Comply with organisational asset acquisition procedures
- Reconcile asset register and inventory records to general ledgers
- Record inventory flows
- Recognise new assets and asset categories
- Prepare schedules and ad hoc reports
- Record disposal of fixed assets.
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| FNSACCT407B (Elective) Set up and operate a computerised accounting system |
This unit covers the competency to establish and operate under supervision, a computerised accounting system. |
- Implement an integrated accounting system
- Process transactions within the system
- Maintain the system
- Produce reports
- Ensure system integrity
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| BSBITU402A (Elective) Develop and use complex spreadsheets |
| This unit describes the performance outcomes, skills and knowledge required to use spreadsheet software to complete business tasks and to produce complex documents. |
- Prepare to develop spreadsheet
- Develop a linked spreadsheet solution
- Automate and standardise spreadsheet operation
- Use spreadsheets
- Represent numerical data in graphic form.
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| BSBFIA301A (Elective) Maintain financial records |
| This unit describes the performance outcomes, skills and knowledge required to maintain financial records for a business. It includes maintaining daily financial records such as reconciling debtors' and creditors' systems, preparing and maintaining a general ledger, and preparing a trial balance. It also includes activities associated with monitoring cash control for accounting purposes. |
- Maintain daily financial records
- Maintain general ledger
- Monitor cash control.
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