Skip to Content
Need Help Live Chat
Statement of Attainment Accounting Principles Skill Set FNSSS00014

Overview

Statement of Attainment in Accounting Principles is designed for workers in accounting and bookkeeping job roles who use knowledge of accounting principles to perform a range of tasks in a variety of industries.

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.

Qualification:

Statement of Attainment - Accounting Principles Skill Set FNSSS00014

Next Intake:

Semester 2 2024

Course No:

SA-BT14

Campus:

Face to face classes at CIT Reid Flexible Learning Centres at CIT Tuggeranong, CIT Reid, CIT Bruce, and CIT Gungahlin

Duration:

Full-time - 1 semester face-to-face classes approx. 20 hours per week.
Flexible - face-to-face night classes approx. 10 hours per week. - self-paced/online (Flex) in our Flexible Learning Centers in Tuggeranong, Reid, Bruce and Gungahlin.

Cost Info:

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.

Indicative Cost:

$865

Likely Job Outcome:

Bookkeeper, BAS Agent, Accounts Officer, Payroll Officer, Office Manager

Application Type:

Standard
Share:

Timetable Information

To help with the enrolment process print your timetable, or keep the window open, so that you can refer back to it for your course code, course name, and the Course Reference Numbers (CRNs) or Block Code.

Additional Information

When to enrol
Face to face classes - enrol at the beginning of semester.
Flexible Learning - enrol anytime. See the Flex Learning Timetable

Successful completion of this course will lead into entry into the Diploma of Accounting.
This qualification is part of a suite of courses that includes the Certificate III in Accounts Administration, Certificate IV in Accounting and Bookkeeping, the Diploma of Accounting, and the Advanced Diploma of Accounting. Lower-level qualifications or equivalent skills and knowledge are recommended for successful completion of higher-level courses.

IMPORTANT ENROLMENT INFORMATION:

Students MUST enrol in subjects FNSACC322 Process financial transactions and extract interim reports AND FNSACC321 Administer accounts and ledgers TOGETHER IF studying part time or flex.

Entry Requirements

Certificate III in Accounts Administration [FNS30317 or FNS30322] OR Experience/knowledge in finance or accounting industry.

Skills Recognition

To study any course at CIT (excluding 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

  • 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

Related Courses

Advanced Diploma Accounting FNS60222
Diploma Accounting FNS50222
Certificate IV Accounting and Bookkeeping FNS40222
Certificate III Accounts Administration FNS30322
Statement Attainment BAS Agent Registration Skill Set FNSSS00004
Statement Attainment Commercial Law for Tax Agents Skill Set FNSSS00005
Statement Attainment Tax Law for Tax Agents Skill Set (Tax documentation) FNSSS00008
Statement Attainment Accounting Fundamentals

More Information

For more information about this course please contact CIT Student Services on (02) 6207 3188 or email infoline@cit.edu.au