Accounting Fundamentals : Canberra Institute of Technology

Overview

Statement of Attainment in Accounting Fundamentals is a basic introduction to accounting. This course is suitable for school leavers or those new to accounting. The skills and knowledge acquired in this course could be used across many industries including hospitality, retail, business, or wherever simple financial transactions are required. You will use Xero accounting software, create, and use spreadsheets, reconcile accounts, run reports, and gain other skills that are pivotal in a range of industries.

The course includes:

Accounting fundamentals that are essential for roles such as Bookkeeper or Accounts Administrator
Practical experience using workplace documents and case studies to develop skills you can apply to your role in the workplace.
Accounting software and Microsoft 365
Communication skills and industry legislation

Qualification:	Statement of Attainment - Accounting Fundamentals
Next Intake:	Semester 2 2024
Course No:	SA-BT23
Campus:	Face to face classes at CIT Reid Flexible Learning Centres at CIT Tuggeranong, CIT Reid, CIT Bruce, and CIT Gungahlin
Duration:	Full-time - 13 weeks face-to-face classes approx. 13 hours per week. Flexible - self-paced/online (Flex) in our flexible learning centres in Tuggeranong, Reid, Bruce and Gungahlin. NB: Enrol anytime in (Flex) learning
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:	$410
Likely Job Outcome:	Bookkeeper, BAS Agent, Accounts Officer, Payroll Officer, Office Manager
Application Type:	Standard
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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

This qualification includes subjects that contribute to a pathway to Certificate IV in Accounting and Bookkeeping. Leading into 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 AND BSBTEC302 Maintain business records TOGETHER IF studying part time or flex.

Entry Requirements

Open Entry

To study any course at CIT (excluding degrees and non-accredited training) you must have a Unique Student Identifier (USI).

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 4 subjects

Core: Complete all 4

BSBTEC302 Design and produce spreadsheets

CIT Code:	BUSN548
Cost:	Standard $100.00
Description:	This unit describes the skills and knowledge required to develop spreadsheets through the use of spreadsheet applications.The unit applies to individuals employed in a range of environments who tend to be personally responsible for designing and working with spreadsheets under minimal supervision. These individuals are generally required to have intermediate knowledge and understanding of a number of spreadsheet applications.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

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

BSBINS309 Maintain business records

CIT Code:	BUSN350
Cost:	Standard $65.00
Description:	This unit describes the skills and knowledge required to maintain the records of a business on an operational basis.The unit applies to individuals who follow established guidelines and processes to carry out their work. They work under supervision or in consultation with senior staff or system users to support effective information management and governance practices across the organisation.No licensing, legislative or certification requirements apply to this unit at the time of publication.
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 Principles Skill Set FNSSS00014

More Information

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

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