Certificate IV in Financial Services (Accounting) FNS40604
Certificate III in Financial Services (Accounts Clerical) (Basic Bookkeeping/Accounting)
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 Certificate IV - This course is suited to those who have the required skills and knowledge from the Certificate III in Financial Services (Accounts Clerical) and who will be involved in the basic functions of bookkeeping within an organisation or as a bookkeeping contractor. Under current draft legislation, this Certificate IV provides the
academic component for registration as a BAS agent, once the required on the job experience is completed.
Dandenong, Frankston and Berwick
Flexible learning – Dandenong, Frankston, Cranbourne
Please note: Classes at each campus are subject to required enrolments. Certificate IV courses may not be offered at all campuses each semester, so students progressing from Certificate III may need to study the certificate IV at a different campus.
Please refer to the diagram on the next page.
Full time and part time day and evening - February and July
Flexible Learning – February throughout to October
VCE or mature age entry and attendance at information session may be required for certificate III
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 previously
For Certificate III – Directly, through completion of the Application Form
For Certificate IV – pathway from cert III
Further Education Opportunities
Diploma, Advanced Diploma of Accounting, degree
Studying at Chisholm offers you flexibility – options include:
-Complete the Advanced Diploma and then enter the workforce
-Complete the Advanced Diploma 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 & Certificate IV) 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.
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.
CERTIFICATE IV IN FINANCIAL SERVICES (ACCCOUNTING) – FNS40604
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.
FNSACCT403B – Prepare operational budgets (40 hrs)
Prepare and manage operating budgets and forecasts, and prepare budgeted financial statements.
FNSACCT402B – Produce job costing information (40 hrs)
Account for direct and indirect costs (including labour, materials and overhead costs) using a job costing system.
FNSACCT406B – Maintain asset and inventory records (30 hrs)
Using a computer package, enter and extract reports for non current assets and stock transactions.
FNSBKPG404A – Carry out Business Activity and Instalment Activity Statement tasks (40 hrs)
Theory and computer applications to prepare BAS and IAS for a range 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.
The delivery of the Certificate IV will be by a variety of methods depending on the campus and the
demand. Flexible learning, as well as traditional classroom techniques will be used, and units will often be delivered as rolling SKILL SETS, rather than undertaking all units at the same time.
• 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, Frankston and Berwick Campuses
• 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.