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Statement of Attainment Advanced Accounting Principles Skill Set FNSSS00015

Overview

To be offered in Semester 1 2019

This skill set is designed for workers in accounting job roles who use knowledge of advanced accounting principles to perform a range of management and analytical tasks in a variety of industries.

To enrol units are offered for day or evening classroom delivery at the start of each semester.

Qualification: Statement of Attainment - Advanced Accounting Principles Skill Set FNSSS00015
Program No: SA-BT15
Campus: CIT Reid 
Duration: 1 semester full time (15.5 hours) face-to-face classes per week plus up to 15 hours per week of online study and independent learning.
Cost Info:

2018 - 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.

2019 - New enrolment fee arrangements will be introduced. The $40 Services and Amenities fee will be included in the total subject costs. Indicative program cost may vary slightly and the subject costs displayed will also change. Further information is available at Course fees and assistance.

Likely Job Outcome: Gives you the skills and knowledge to apply for entry into FNS60217 Advanced Diploma of Accounting at CIT.

Employment in roles requiring advanced accounting principles to perform a range of management and analytical tasks in a variety of industries.
Enrolment Type: Standard
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Additional Information

Textbooks are required for most subjects.

For success in this program it is recommended that you have the FNSSS00014 Accounting Principles Skill Set (refer to CIT Website for more details).

Note: Pre-requisite units for FNSACC514 Prepare financial reports for corporate entities are:
- BSBFIA401 Prepare financial reports (face-to-face or flexible)
- FNSACC311 Process financial transactions and extract interim reports

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

  • FNSACC511 Provide financial and business performance information
    • CIT Code: ACCT437
      Description: This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information. It encompasses assessing client needs, analysing data, and preparing advice.
      It applies to individuals who, in line with their level of authority, use specialised knowledge, systematic approaches, and analytical techniques to research and prepare customised information for clients.
      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
  • FNSACC512 Prepare tax documentation for individuals
    • CIT Code: ACCT438
      Description: This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in line with statutory requirements. It encompasses gathering and verifying data, calculating taxable income, and reviewing compliance requirements.
      It applies to individuals who use systematic approaches and follow specific guidelines to ensure compliance requirements are met.
      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
  • FNSACC513 Manage budgets and forecasts
    • CIT Code: ACCT439
      Description: This unit describes the skills and knowledge required to prepare, document, and manage budgets and forecasts. It encompasses forecasting estimates and monitoring budgeted outcomes.
      It applies to individuals who use specialised knowledge and analytical skills to prepare and manage strategic organisational information.
      Prerequisites: Nil
  • FNSACC514 Prepare financial reports for corporate entities
    • CIT Code: ACCT440
      Description: This unit describes the skills and knowledge required to prepare financial reports for a corporate reporting entity. It encompasses compiling and analysing data and meeting statutory reporting requirements.
      It applies to individuals who use specialised knowledge and analytical skills to prepare financial reports that meet specific compliance requirements.
      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: ACCT230 BSBFIA401 Prepare financial reports
      ACCT431 FNSACC311 Process financial transactions and extract interim reports
  • FNSACC516 Implement and maintain internal control procedures
    • CIT Code: ACCT441
      Description: This unit describes the skills and knowledge required to review corporate governance requirements, implement internal control operating procedures, and monitor associated policy.
      It applies to individuals who use specialised knowledge and analytical skills to ensure organisational procedures, compliance and quality requirements are met.
      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
  • FNSACC517 Provide management accounting information
    • CIT Code: ACCT442
      Description: This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports, and review costing system integrity to calculate and record the costs of products and services.
      It applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports.
      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

Related Courses

Advanced Diploma Accounting FNS60217
Diploma Accounting FNS50217
Certificate IV Accounting and Bookkeeping FNS40217
Certificate III Accounts Administration FNS30317
Statement Attainment Small Business Financial Management Skill Set BSBSS00050
Statement Attainment Accounting Principles Skill Set FNSSS00014
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 training Bookkeeping using MYOB [extract from BSB30415]

More Information

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