Courses - FNS40610 Certificate IV in Accounting
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This page provides information collected on 6 September 2011 from http://www.training.gov.au/Training/Details/FNS40610
FNS40610 Certificate IV in Accounting
Qualification notes
This qualification reflects accounting job roles in financial services and other industries requiring accounting support functions.
Persons providing a BAS service for a fee or other reward (other than employees) must be registered by the Tax Practitioners Board (TPB).
A Business Activity Statement (BAS) service is a tax agent service that relates to:
- ascertaining liabilities, obligations or entitlements of an entity that arises, or could arise, under a BAS provision; or
- advising an entity about liabilities, obligations or entitlements of the entity or another entity that arise, or could arise, in their dealings with the Commissioner in relation to a BAS provision; and
- representing an entity in their dealings with the Commissioner of Taxation; and
is provided in circumstances where the entity can reasonably be expected to rely on the service for either or both of the following purposes:
- to satisfy liabilities or obligations that arise, or could arise, under a BAS provision;
- to claim entitlements that arise, or could arise, under a BAS provision;
- To claim entitlements that arise, or could arise, under a BAS provision.
where it is reasonable to expect an entity to rely on the service for either or both of the following purposes:
1. To satisfy liabilities or obligations that arise or could arise under a BAS provision;
2. to claim entitlements that arise or could arise under a BAS provision.
This qualification is currently cited as meeting some of the educational requirements for registration (see Packaging Rules). Other conditions apply, including a designated period of experience. Persons seeking BAS agent registration should check current registration requirements with the TPB as this is regularly under review.
More information and contact details for the TPB are provided in the FNS10 Information Kit available from the IBSA website.
Pathways Information
Qualification Pathway
Preferred pathways for candidates entering this qualification include:
- FNS30310 Certificate III in Accounts Administration
The primary pathway from this qualification is employment in accounting job roles with duties such as:
- completing Business Activity Statements (BAS) and other office taxes
- operational reporting
- producing non-complex management reports including compiling budget information
- compiling data for job costing reports
- supervising the operation of computer-based financial systems
- classifying, recording and reporting accounting information
- maintaining inventory records
- managing a small office
- ensuring relevant legal requirements are adhered to.
This qualification may be suited to an Australian Apprenticeship pathway.
A further learning pathway utilising qualifications such as FNS50210 Diploma of Accounting would support career progression.
Licensing/Regulatory Information
Not applicable.
Entry Requirements
Not applicable.
Employability Skills Summary
EMPLOYABILITY SKILLS QUALIFICATION SUMMARY |
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Employability Skill |
Industry/enterprise requirements for this qualification include: |
Communication |
- compiling data and preparing financial statements and ad hoc reports
- developing and writing reports to specifications
- discussing and negotiating with stakeholders when preparing budgets
- liaising, listening and consulting
- preparing and presenting routine correspondence in appropriate electronic format
- using effective telephone techniques and having the ability to negotiate resolutions with clients and colleagues
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Teamwork |
- contributing with others to implement policies and procedures
- referring matters to nominated person as required
- working with others to gather information and to develop budgets
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Problem solving |
- applying estimating, forecasting and analysis skills
- checking the accuracy of calculations
- determining security protocols
- identifying OHS hazards and risk control
- solving discrepancies
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Initiative and enterprise |
- applying learning about ergonomic activities to develop improved processes
- applying referral skills
- designing reports to effectively present workplace information
- referring non-routine problems to a nominated person
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Planning and organising |
- establishing and maintaining an accounting system
- maintaining accounting records for compliance purposes
- maintaining systems, records and reporting procedures
- processing accounting data and preparing reports
- researching and managing data collection and testing
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Self-management |
- adapting to change in technology and work practices
- identifying and acting upon professional development opportunities
- understanding and acting upon compliance matters
- working ethically and complying with industry professional code of practice and legislative requirements
- working within own defined work role
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Learning |
- developing and maintaining personal competence
- maintaining knowledge of relevant legislation and industry codes of practice
- using online help for self-learning purposes
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Technology |
- adapting to change in technology and working within ergonomic guidelines
- using technology to assist the management of information and to establish and operate systems
- using word processing, spreadsheet and database skills to produce workplace documents and reports
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Packaging Rules
Packaging Rules
13 units must be achieved:
9 core units
plus 4 elective units
- all elective units of competency can be selected from the elective bank below
- the elective unit FNSBKG405A Establish and maintain a payroll system* must be selected if seeking BAS agent registration
- 3 electives may be selected from units aligned to Certificate III, Certificate IV or Diploma qualifications in the FNS10 Financial Services or another endorsed Training Package or accredited course.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.
Core units of competency:
- BSBFIA401A Prepare financial reports
- BSBITU306A Design and produce business documents
- BSBOHS303B Contribute to OHS hazard identification and risk assessment
- FNSACC301A Process financial transactions and extract interim reports
- FNSACC403A Make decisions in a legal context
- FNSACC404A Prepare financial statements for non-reporting entities
- FNSACC406A Set up and operate a computerised accounting system
- FNSBKG404A Carry out business activity and instalment activity statement tasks
- FNSINC401A Apply principles of professional practice to work in the financial services industry
Elective units of competency:
- BSBITU402A Develop and use complex spreadsheets
- BSBPMG403A Apply cost management techniques
- BSBWRT301A Write simple documents
- FNSACC302A Administer subsidiary accounts and ledgers
- FNSACC303A Perform financial calculations
- FNSACC401A Process business tax requirements
- FNSACC402A Prepare operational budgets
- FNSACC405A Maintain inventory records
- FNSBKG405A Establish and maintain a payroll system *
- FNSACM401A Evaluate and authorise payment requests
- FNSORG505A Prepare financial reports to meet statutory requirements
- FNSORG506A Prepare financial forecasts and projections
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Unit Grid
BSBFIA401A Prepare financial reports
BSBITU306A Design and produce business documents
BSBITU402A Develop and use complex spreadsheets
BSBOHS303B Contribute to OHS hazard identification and risk assessment
BSBPMG403A Apply cost management techniques
BSBWRT301A Write simple documents
FNSACC301A Process financial transactions and extract interim reports
FNSACC302A Administer subsidiary accounts and ledgers
FNSACC303A Perform financial calculations
FNSACC401A Process business tax requirements
FNSACC402A Prepare operational budgets
FNSACC403A Make decisions in a legal context
FNSACC404A Prepare financial statements for non-reporting entities
FNSACC405A Maintain inventory records
FNSACC406A Set up and operate a computerised accounting system
FNSACM401A Evaluate and authorise payment requests
FNSBKG404A Carry out business activity and instalment activity statement tasks
FNSBKG405A Establish and maintain a payroll system
FNSINC401A Apply principles of professional practice to work in the financial services industry
FNSORG505A Prepare financial reports to meet statutory requirements
FNSORG506A Prepare financial forecasts and projections
Classifications
ASCO 59 Other Advanced Clerical and Service Workers
ASCED4 0811 Banking, Finance and Related Fields
ANZSIC 784 Legal and Accounting Services
ANZSCO 551111 Accounts Clerk
Adcom Training Solutions provides training that covers all of this information and we encourage you to Enquire NOW info@adcomtraining.com if you are interested in completing this qualification.
Last update: 23rd May 2010
First published: 23rd May 2010
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