Certificate III in Financial Services (Accounts Clerical)
Diploma of Accounting
Outline of Courses
Certificate III - This course suits those seeking work at the operational level of bookkeeping, clerical and office administration and those wanting to return to the workforce and upgrade their business skills. The knowledge and skills developed include manual or computerised accounts receivable, accounts payable, payroll, and general ledger and the preparation of Business Activity Statement (BAS) and financial statements
Diploma - Students will develop skills in a broad range of areas of accounting. This newly developed course is highly practical offering graduate’s confidence to enter the workforce with a high standard of accounting skills suited for all industries and organisational size. Current draft legislation when enacted, will enable students with the 2009 Diploma of Accounting to apply for BAS agent registration, once the required level of industry experience is achieved.
Advanced Diploma - This course provides training for those aiming for a qualification and career in accounting. Graduates will be academically qualified to seek membership of the National Institute of Accountants and to become Tax Agents. The course has been revised to include a number of general business areas of study which will ensure graduates have the breadth of skills to work at all levels in any organisation and will also assist in gaining credits into relevant bachelor degree programs at a university of choice.
Berwick, Dandenong and Frankston – All qualifications
Flexible learning – Dandenong, Frankston, Cranbourne and Rosebud – Certificate III and Diploma
Please note: If you continue to study for a second year, you may be required to attend another campus. (This will depend on student numbers).
Full time and part time day and evening - February and July
Flexible Learning – February throughout to October
Year 12 (VCE) or mature age entry and attendance at information session may be required
1. Prior studies at Chisholm undertaken with commitment and with no code of conduct infringements
2. Good written and comprehension skills as demonstrated through the completion of the Application Form
3. Commitment to the course as demonstrated by the information provided on the Application Form
4. No more than 2 enrolments in the same course where no units have been passed
For full Advanced Diploma February enrolment – VTAC
For full Advanced Diploma July enrolment – Directly, through completion of the Application Form
For Certificate III – Directly, through completion of the Application Form
Further Education Opportunities
Relevant University Bachelor programs or Chisholm Graduate Certificates
Business and Management – Accounting
Studying at Chisholm offers you flexibility – options include:
-Complete the Advanced Diploma in 2 years and then enter the workforce
-Complete the Advanced Diploma in 2 years and then move to a University course
-Complete 6 months and gain Certificate III, enter the workforce and then continue study part time in the day, evening or through Flexible Learning
-Complete 12 months and gain 2 qualifications (Certificate III & Diploma) enter the workforce and when ready, continue your studies at Chisholm or University, either part time or full time.
Chisholm offers you the opportunity to consider a number of options and choose the one best suited to your career development and personal situation.
The feature of Chisholm’s course is that it has been specially developed, it is unlike any other accounting course offered and it is highly practical. At whichever level you exit, you will have a high level of skills, which means that you have confidence in being able to do the job as soon as you step into employment.
Learning and Assessment Methodology
Learning will be undertaken in the classroom combining theory and practical work. Accounting teachers explain and illustrate the concepts through practical exercises and ask for you to practice by completing exercises in class and for homework. Communications and management units are taught through discussions about practical situations. Computer based units are covered by doing the work in class firstly through practice and then application to simulated work situations.
Assessment is progressive throughout the semester, consisting of smaller tests undertaken in class and case studies completed independently at home. No large examinations are used.
Entry into University
Bachelor of Commerce (M300)
Chisholm Advanced Diploma graduates who have the required entry requirements are eligible for up to 8 credits in the Bachelor of Commerce.
Bachelor of Business and Commerce
Students who have completed the Advanced Diploma of Accounting with an average of 80% or above in their final year and who have the year 11 Maths or equivalent entry requirement are guaranteed a place in the Bachelor program at the Peninsula campus. Students with 60% - 80% average in their final year and who have the year 11 Maths or equivalent entry requirement will be considered for entry. Admission to the program at Peninsula or Berwick will ensure 8 credits which is equivalent to one year of study.
CQU (Central Queensland University)
Bachelor of Accounting (CQ01)
Graduates of the Advanced Diploma of Accounting who meet the University’s general entry requirements and conditions regarding prior learning will be able to gain exemptions for 9 courses...
LIST OF UNITS AND UNIT DESCRIPTIONS
CERTIFICATE III IN FINANCIAL SERVICES (ACCOUNTS CLERICAL) – FNS30304
Competency Group - Communications (Total – 60 hrs)
FNSICIND401B – Apply principles of professional practice to work in the financial services
industry (20 hrs) – This unit studies the skills needed for employment in the financial services industry and the role of industry and company procedures, guidelines, policies and standards applicable to the industry.
FNSICIND301B - Work within a financial services industry (20 hrs) Apply industry and company
procedures, guidelines, policies and standards in a daily work context within the Financial Services
FNSICGEN301B - Communication in the workplace (20 hrs) Written and oral communication in the
Competency Group – Computer Applications (Total – 60 hrs)
FNSICGEN302B - Use technology in the workplace (30 hrs) Use and maintain office technology and
equipment, use a word processing package and manage electronic files.
BSBCMN214A - Create and use simple spreadsheets (20 hrs) Design, create and use simple
spreadsheets, chart the use of spreadsheet software.
FNSICGEN304B- Apply health and safety practices in the workplace: (10 hrs) Apply Health and
Safety aspects of work within a financial services environment.
Competency Group – Accounting Basics (Total – 60 hrs)
FNSICGEN305B – Maintain daily financial business records (10 hrs) Prepare and process cash
receipts, cheques, sales and purchases invoices and credit notes and petty cash payments.
FNSICACC304B - Prepare and bank receipts: (10 hrs) Prepare and bank financial receipts and
prepare a bank reconciliation statement.
FNSICACC306B - Process journal entries (10 hrs) Process financial journal entries in a manual
accounting system for cash receipts and payments, invoices, credit notes and other business
BSBCMN308A - Maintain financial records (30 hrs) This unit covers the competency to maintain
business and financial records by posting journals to the general ledger, accounts receivable and
accounts payable subsidiary ledgers, preparation of a trial balance and reconciliation of subsidiary
BSBADM308AA - Process payroll (Part A) – manual (10 hrs) Process and record a payroll.
BSBADM308AB - Process payroll (Part B) – Computerised (10 hrs) Process and record payroll.
BSBADM408A - Prepare financial reports (50 hrs) Adjust the accounts at the end-of-period and prepare financial statements for a non-reporting entity.
FNSACCT407B - Set up and operate a computerised accounting system (50 hrs) Operate an integrated computerised accounting system by establishing the system, process cash and credit transactions in the general and subsidiary ledgers and print appropriate management reports.
FNSACCT401B - Process business tax requirements (50 hrs) Prepare federal and state statutory returns in respect of PAYG, GST, Fringe Benefits Tax, Payroll Tax, Superannuation Guarantee Levy & HECS/HELP.
DIPLOMA OF ACCOUNTING – FNS50204
FNSACCT405B - Prepare financial statements (50 hrs) Prepare accounts and financial reports for
partnerships, not-for-profit organisations & primary producers and prepare a statement of cash flows.
FNSACCT503B - Manage budgets and forecasts (30 hrs) Prepare and manage complex budgets and forecasts, prepare budgeted financial statements and variance reports.
FNSACCT502B - Prepare income tax returns (60 hrs) Prepare income tax returns for individuals in accordance with the Income Tax Assessment Act including a comprehensive understanding of assessable income, allowable deductions, depreciation, rebates and trading stock.
FNSACCT504B - Prepare financial reports for a reporting entity (50 hrs) Establish a company, issue shares and debentures, prepare accounts and financial reports at end of period.
FNSACCT506B - Implement and maintain internal control procedures (35 hrs) Implement and maintain internal control procedures over sales, receivables, purchases, payables, payroll, cash, inventory, non-current assets and computer systems.
FNSACCT507B - Provide management accounting information (50 hrs) Account for direct and indirect costs (including labour, materials and overhead costs) using a job costing system, report costs and variances and calculate production levels to ensure a viable operation.
FNSBKPG404A – Carry out Business Activity and Instalment Activity Statement tasks (40 hours) Theory and practical preparation for preparation of BAS and IAS for a variety of businesses
FNSACCT404B - Make decisions in a legal context (30 hrs) Law as it relates to business structures, agency law, employment law, consumer credit, consumer protection and bankruptcy.
FNSICORG517B - Prepare financial forecasts and projections (30 hrs) Prepare financial forecasts and projections including business calculations.
ADVANCED DIPLOMA OF ACCOUNTING – FNS60204
FNSACCT601B - Prepare complex tax returns and lodgements (60 hrs) Analyse taxation related data and prepare complex tax returns for partnerships, primary producers, companies, clubs and associations, trusts and superannuation funds.
FNSACCT603B - Implement tax plans and evaluate tax compliance (40 hrs) Undertake tax planning, examine tax avoidance, lodge taxation returns electronically, make tax payment and recover tax, make objections and appeals, calculate penalty tax and identify tax offences, identify the registration, duties and obligations of tax agents.
FNSACCT602B - Audit and report on financial systems and records (50 hrs) Supervise an audit of financial systems by accepting, planning, conducting and reviewing an audit, reporting on the findings and making recommendations for improvement.
FNSACCT604B - Monitor corporate governance activities (40 hrs) Develop and implement processes, procedures and systems to ensure a business is able to govern itself in a way that protects owners, managers and employees and provides compliance with statutory and regulatory obligations.
FNSACCT607B - Evaluate business performance (40 hrs) Analyse, interpret and make recommendations in relation to the profitability, financial stability and investment performance of a sole trader, partnership and company.
FNSACCT609B - Evaluate financial risk (40 hrs) Identify, assess and manage the risks associated with an organisation’s cash flow or assets and securities, examine the relationships between the types of risk and returns, apply Capital Asset Pricing Model, determine the Weighted Average Cost of Capital, apply risk reduction strategies and evaluate foreign exchange exposure.
FNSFLIT502B - Facilitate customer awareness of the Australian financial system and markets (Economics 1) (50 hrs) Economic concepts; Economic Systems; Supply and Demand analysis; Elasticity of Demand and Supply; Market structures; Market Capitalism and Circular Flow; Government Intervention in the Aust. Economy; Aust. Financial system; Money / Interest Rates; Financial Deregulation
FNSACCT613B - Prepare and analyse management accounting information (50 hrs) Identify and classify direct and indirect costs, labour, materials, overhead and service costs, allocate costs to jobs and prepare variance and management reports.
BSBADM404A - Develop and use complex spreadsheets (35 hrs) Design, create and use spreadsheet to achieve specific outcomes at a complex level.
CUSADM104A - Establish and manage contracts (60 hrs) Elements, formation, contents, vitiating factors and breach of contract.
PSPGOV524A - Interpret data and statistics (Business statistics)(60 hrs) Measures of dispersion; probability;normal distribution and compute z-scores; correlation coefficient using Pearson’s and Spearman’s method; common methods of time series; hypothesis testing.
FNSICORG604B - Provide leadership and motivation in a workplace team (50 hrs) Management of
Organisations and managers; management techniques and processes; theories of motivation and leadership; goal-setting processes; decision-making processes; practice standards, values, goals and objectives; team and group roles and processes; organisational behaviour; culture; delegation; change management principles and practices.
BSBHR601A - Manage change (50 hrs) History of management; Evolution of change theory; Change
management principles and practices; Change caused by the External and Internal Organisational Environment ; Organisational & Individual Behaviour barriers to change; Communication techniques; Changing the organisational culture; Social Responsibility and ethics to change management ; Decision-making & problem solving processes; Team and group roles and processes; Stress Management; Risk Management ; Change Project management techniques.
BSBMKG605A - Evaluate international marketing opportunities (Economics 2) (60 hrs)International
Economics; Balance of Payments National Income/ Expenditure/ Production; Economic Policy; Fiscal Policy; Monetary Policy; Structural Change; Inflation; Economic Growth and Development.
• Flexible Learning – Between February and October
• On Campus part time - February and June at Dandenong, Frankston and Berwick Campuses
• On Campus full time - February and June at Dandenong Campus and February at Frankston and Berwick Campus
• Applications and Enrolments for on campus study both part time and full time, and Flexible Learning
Flexible Learning provides you the option to study when and where you wish. You can pace the learning to best suit you and your commitments; however, guidelines to the length of study will be provided as means of keeping you on track. You purchase textbooks and commence studying by working through these guided by your mentor who will be based at a campus most convenient for you. You will be able to participate and access ongoing support through:
• Contacting or visiting your Mentor
• Participating in scheduled workshops
• Participating in existing classes on campus (by arrangement)
Flexible Learning also means that you have a choice in the way you study. For example, you may find that you would like to attend an on-campus class for a particular unit, or number of units, and then choose to return to the Flexible Learning option. You also have the option of combining on and off campus study.