Professional

Core: Complete all 7

• FNSACC322   Administer subsidiary accounts and ledgers

  • CIT Code:	ACCT459
    Cost:	Standard $100.00
    Description:	This unit describes the skills and knowledge required to reconcile and monitor subsidiary accounts and ledgers in financial accounts receivable and accounts payable systems. This includes identifying bad and doubtful debts, communicating with identified clients, and planning a recovery action, recording creditor invoices, and remitting payments to sundry creditors.The unit applies to individuals who follow agreed processes and use problem solving skills to administer financial accounts and ledgers within the scope of own responsibility.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
    Prerequisites:	Nil

• FNSACC418   Work effectively in the accounting and bookkeeping industry

  • CIT Code:	ACCT461
    Cost:	Standard $100.00
    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.The unit applies to individuals who occupy accounting and bookkeeping roles with some responsibility, communicate professionally with stakeholders, and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting and bookkeeping industry.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
    Prerequisites:	Nil

• FNSTPB411   Complete business activity and instalment activity statements

  • CIT Code:	ACCT474
    Cost:	Standard $130.00
    Description:	This unit describes the skills and knowledge required to process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports according to compliance requirements.The unit 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 Practitioners Board (TPB). Users are advised to check with the relevant regulatory authorities to confirm those requirements.
    Prerequisites:	Nil

• FNSTPB412   Establish and maintain payroll systems

  • CIT Code:	ACCT475
    Cost:	Standard $130.00
    Description:	This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for computerised systems.The unit applies to individuals and Business Activity Statement (BAS) agents, who use a range of organisational and other specialist techniques to manage payroll systems. 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 Practitioners Board (TPB). Users are advised to check with the relevant regulatory authorities to confirm those requirements.
    Prerequisites:	Nil

• FNSACC421   Prepare financial reports

  • CIT Code:	ACCT462
    Cost:	Standard $100.00
    Description:	This unit describes the skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.The unit applies to individuals who are responsible for preparing financial reports. They may be individuals providing administrative support in an organisation, or they might have responsibility for these tasks in relation to their own workgroup or role.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
    Prerequisites:	Nil

• FNSACC426   Set up and operate computerised accounting systems

  • CIT Code:	ACCT463
    Cost:	Standard $160.00
    Description:	This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This involves processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.The unit 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.No licensing, legislative or certification requirements apply to this unit at the time of publication.
    Prerequisites:	Nil

• FNSACC321   Process financial transactions and extract interim reports

  • CIT Code:	ACCT458
    Cost:	Standard $145.00
    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.The unit applies to individuals who 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. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
    Prerequisites:	Nil