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Statement of Attainment training in Accounting Fundamentals [extract from FNS30317]

Overview

Statement of Attainment in Accounting Fundamentals provides a basic introduction to accounting. This program is suitable for school leavers or those new to accounting as it enhances life skills and provides general skills which are transferrable between occupations. 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.

Qualification:

Qualification:

Statement of Attainment - training in Accounting Fundamentals [extract from FNS30317]

Program No:

Program No:

SA-BT23

Campus:

Campus:

Flexibly both online and face to face, and Evenings
CIT Reid  CIT Tuggeranong  CIT Gungahlin 

Duration:

Duration:

Thirteen weeks part time, four mornings per week or flexible learning equivalent; approximately 10 hours per week. Flexible Learning is self-directed learning. Students can do their study anywhere anytime and attend teacher-supported drop-in sessions at one of the above CIT campuses for help and assessment.
Students will need to complete approximately 10 hours additional study per week including online activities, projects and/or assignment work, independent research, reading, textbook activities, practical skill development and assessment preparation.

Cost Info:

Cost Info:

The 2021 Semester 1 enrolment fees for this course are based on the costs per subject as indicated below. The total program 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:

Indicative Cost:

$363

Likely Job Outcome:

Likely Job Outcome:

On completion of this Statement of Attainment, job opportunities include processing financial data, processing accounts, providing customer service in financial transactions, and producing basic financial reports. Individuals in these roles apply knowledge and skills under general supervision.

Enrolment Type:

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 (program) code, course (program) name, and the Course Reference Numbers (CRNs).

Additional Information

Completion of this program provides a pathway into the Certificate III in Accounts Administration.

Two textbooks required:
Introductory Accounting 13ed Pack of 2, Andrew Duncan, Learn Now Publications, ISBN 9781760730543 (This item requires prepayment before it can be ordered), $135.00

Produce Spreadsheets Excel 2016, Software Publications, ISBN 9781925291261, $35.50

Skills Recognition

Entry Requirements

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.

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

  • BSBITU304   Produce spreadsheets
    • CIT Code: COMP365
      Cost: Standard $77.00
      Description: This unit describes the skills and knowledge required to develop spreadsheets through the use of spreadsheet software. It applies to individuals employed in a range of environments who tend to be personally responsible for designing and working with spreadsheets under minimal supervision. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • FNSACC311   Process financial transactions and extract interim reports
    • CIT Code: ACCT431
      Cost: Standard $132.00
      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: Standard $88.00
      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
  • FNSRTS309   Maintain main bank account
    • CIT Code: ACCT387
      Cost: Standard $66.00
      Description: This unit describes the skills and knowledge required to analyse, verify and process credit and debit transactions, and prepare reconciliation reports. It applies to individuals who, within their limit of responsibility, use numeracy skills to accurately perform and check financial calculations and closely follow organisational procedures. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil

Related Courses

Advanced Diploma Accounting FNS60217
Diploma Accounting FNS50217
Certificate IV Accounting and Bookkeeping FNS40217
Certificate III Accounts Administration FNS30317
Statement Attainment Accounting Principles Skill Set FNSSS00014
Statement Attainment Advanced Accounting Principles Skill Set FNSSS00015
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