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Statement of Attainment Accounting Principles Skill Set FNSSS00014

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
Program No: SA-BT14
Campus: CIT Reid  face-to-face classes
Flexibly at CIT Reid  CIT Tuggeranong  CIT Gungahlin 
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:

Enrolment fees for this course are based on the costs per subject as indicated below. In addition, a Service and Amenities fee of $40 will be payable each semester. Further information is available at Course fees and assistance

Indicative Cost: $630
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.
Enrolment Type: Standard
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Additional Information

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

Entry Requirements / How to Apply

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 program of study, numeracy skills to successfully complete this program. 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 program. Please visit Foundation Skills or phone (02) 6207 4872 to have a chat to one of our teachers.

  • 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 6 Subjects

Core - Complete all 6

  • FNSACC311 Process financial transactions and extract interim reports
    • CIT Code: ACCT431
      Cost: $120.00
      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.
      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
    • CIT Code: ACCT432
      Cost: $80.00
      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.
      Prerequisites: Nil
  • FNSACC408 Work effectively in the accounting and bookkeeping industry
    • CIT Code: ACCT446
      Cost: $80.00
      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.
      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
    • CIT Code: COMP386
      Cost: $160.00
      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
    • CIT Code: ACCT444
      Cost: $100.00
      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
    • CIT Code: ACCT445
      Cost: $90.00
      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

Related Courses

Advanced Diploma Accounting FNS60215
Diploma Accounting FNS50215
Certificate IV Accounting and Bookkeeping FNS40217
Certificate III Accounts Administration FNS30317
Statement Attainment Advanced Accounting Principles Skill Set FNSSS00015
Statement Attainment Small Business Financial Management Skill Set BSBSS00050
Statement Attainment Tax Law for Tax Agents Skill Set (Tax documentation) FNSSS00008
Statement Attainment BAS Agent Registration Skill Set FNSSS00004
Statement Attainment Commercial Law for Tax Agents Skill Set FNSSS00005
Statement Attainment training Bookkeeping using MYOB [extract from BSB30415]
Non-Accredited Training Accounts for Trades

More Information

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