Overview
This skill set is designed for workers in accounting and bookkeeping job roles who use knowledge of accounting principles to perform a range of analytical tasks in a variety of industries.
This qualification is available flexibly and you can enrol to commence your studies at any time. Alternatively you may enrol for day or evening classroom delivery at the start of each semester.
Qualification: |
Statement of Attainment - Accounting Principles Skill Set FNSSS00014 |
Course No: |
SA-BT14 |
Campus: |
CIT Reid face-to-face classes and online support
Flexibly at CIT Reid CIT Tuggeranong
CIT Gungahlin
CIT Bruce |
Duration: |
1 semester part time (15 hours) face-to-face plus up to 12 hours a week of online study and independent learning. |
Cost Info: |
The 2023 Semester 1 enrolment fees for this course are based on the costs per subject as indicated below. The total course cost may vary depending on the choice of elective subjects or if subjects are attempted more than once. Subject costs identified as Standard are partially subsidised by the ACT Government. Concessions may be available to eligible students.
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Indicative Cost: |
$785
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Likely Job Outcome: |
Employment in bookkeeping and accounting roles such as computerised accounting systems, attending to accounts payable/receivable, producing routine financial reports and customer service. |
Application Type: |
Standard |
Share: |
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Additional Information
Watch our online information session to find out more.
Textbooks are required for most subjects.
The units of competency in this Skill Set provide credit towards:
- FNS40217 Certificate IV in Accounting and Bookkeeping
- Gives you the skills and knowledge to apply for entry into FNS50217 Diploma of Accounting at CIT
Skills Recognition
Entry Requirements
Open Entry
To study any course at CIT (excluding degrees and non-accredited training) you must have a Unique Student Identifier (USI).
Literacy Skills Information
We suggest that you will need Australian Core Skills Framework literacy levels of at least 3 across reading, writing, learning, oral communication and, depending on your course of study, numeracy skills to successfully complete this course. If you do not have this level, you can still enrol and seek support to improve your skills or you may prefer to begin with the lower level course. Please visit Foundation Skills.
Transition Information
Qualifications at CIT are regularly updated or replaced to meet current industry needs and maximise your employment opportunities. If this occurs while you are part way through a qualification, you may need to vary your learning to meet the new national requirements. CIT will aim to make this as smooth as possible for you.
Subject Cancellations/Changes
To ensure positive outcomes for all students, CIT may need to cancel or change classes at short notice. CIT will make every effort to inform students as soon as changes are made and will also make every effort to offer alternative arrangements for students to meet the requirements of the subject and complete their qualification. In an unfortunate instance when this cannot be met, you will receive a full refund. Please ensure you maintain current contact details via CIT Self Service or by contacting CIT Student Services at infoline@cit.edu.au.
Subject Information
Complete 7 subjects
Core: Complete all 7
- FNSACC311
Process financial transactions and extract interim reports
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CIT Code: |
ACCT431 |
Cost: |
Standard $132.00
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Description: |
This unit describes the skills and knowledge required to prepare
and process routine financial documents, prepare journal entries, post
journal entries to ledgers, prepare banking and reconcile financial
receipts, and extract a trial balance and interim reports.It applies
to individuals who use specialised knowledge and follow agreed
processes to carefully check and process detailed financial
information to ensure standards are maintained.Work functions in the
occupational areas where this unit may be used are subject to
regulatory requirements. Refer to the FNS Financial Services Training
Package Companion Volume Implementation Guide or the relevant
regulator for specific guidance on regulatory requirements. |
Prerequisites: |
Nil |
- FNSACC312
Administer subsidiary accounts and ledgers
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CIT Code: |
ACCT432 |
Cost: |
Standard $88.00
|
Description: |
This unit describes the skills and knowledge required to reconcile
and monitor subsidiary accounts in financial accounts receivable
systems, identify bad and doubtful debts and plan a recovery action,
record creditor invoices, and remit payments to sundry creditors.It
applies to individuals who use specialised knowledge and follow agreed
processes to problem solve within the scope of own responsibility.Work
functions in the occupational areas where this unit may be used are
subject to regulatory requirements. Refer to the FNS Financial
Services Training Package Companion Volume Implementation Guide or the
relevant regulator for specific guidance on regulatory requirements.
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Prerequisites: |
Nil |
- FNSACC408
Work effectively in the accounting and bookkeeping industry
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CIT Code: |
ACCT446 |
Cost: |
Standard $88.00
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Description: |
This unit describes the skills and knowledge required to work
autonomously and in teams to complete work activities relating to the
provision of accounting and bookkeeping services.It applies to
individuals who occupy roles with some responsibility and use a range
of research and organisational techniques to establish and carry out
their work requirements in the accounting industry.Work functions in
the occupational areas where this unit may be used are subject to
regulatory requirements. Refer to the FNS Financial Services Training
Package Companion Volume Implementation Guide or the relevant
regulator for specific guidance on regulatory requirements. |
Prerequisites: |
Nil |
- FNSACC416
Set up and operate a computerised accounting system
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CIT Code: |
COMP386 |
Cost: |
Standard $176.00
|
Description: |
This unit describes the skills and knowledge required to
establish, operate, and modify an integrated computerised accounting
system. This is generally under supervision and encompasses processing
transactions in the system, maintaining the system, producing reports,
and ensuring system integrity.It applies to individuals who, within
the scope of own responsibility, use specialised knowledge,
information technology, and planning and organising skills to
establish and maintain an organisational system in service and trading
environments. |
Prerequisites: |
Nil |
- FNSTPB401
Complete business activity and instalment activity statements
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CIT Code: |
ACCT444 |
Cost: |
Standard $110.00
|
Description: |
This unit describes the skills and knowledge required to identify
and apply compliance requirements to effectively process and complete
business activity statements (BAS), instalment activity statements
(IAS), and other required reports.It applies to individuals who use a
range of organisational and analytical techniques to work in
organisations or to supply specific bookkeeping services as a small
business owner or contractor.Work functions in the occupational areas
where this unit may be used are subject to regulatory requirements.
This unit is designed to meet the education requirements of the Tax
Practitioner Board (TPB). Refer to the FNS Financial Services Training
Package Companion Volume Implementation Guide or the relevant
regulator for specific guidance on regulatory requirements. |
Prerequisites: |
Nil |
- FNSTPB402
Establish and maintain payroll systems
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CIT Code: |
ACCT445 |
Cost: |
Standard $99.00
|
Description: |
This unit describes the skills and knowledge required to record
and prepare payroll documentation, respond to enquiries, and process
payroll data for manual and computerised systems.It applies to
individuals, including BAS agents, who use a range of organisational
and other specialist techniques. They may work directly for
organisations or be small business owners, contractors or service
providers.Work functions in the occupational areas where this unit may
be used are subject to regulatory requirements. This unit is designed
to meet the education requirements of the Tax Practitioner Board
(TPB). Refer to the FNS Financial Services Training Package Companion
Volume Implementation Guide or the relevant regulator for specific
guidance on regulatory requirements. |
Prerequisites: |
Nil |
- BSBFIA401
Prepare financial reports
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CIT Code: |
ACCT230 |
Cost: |
Standard $110.00
|
Description: |
This unit describes skills and knowledge required to record
general journal adjustment entries and to prepare end of period
financial reports. It applies to individuals employed in a range of
work environments who are responsible for preparing financial reports.
They may be individuals providing administrative support within an
enterprise, or they might have responsibility for these tasks in
relation to their own workgroup or role. No licensing, legislative or
certification requirements apply to this unit at the time of
publication. |
Prerequisites: |
Nil |
Related Courses
More Information
For more information about this course please contact CIT Student Services on (02) 6207 3188 or email infoline@cit.edu.au