This qualification is designed to reflect the role of individuals working in accounting and seeking professional identification.
NOTE: Work functions in this occupational area are subject to regulatory requirements. You should refer to the IBSA website (www.ibsa.org.au under Training Packages/Industry) for specific guidance on requirements.
Subjects
Total number of units = 8
3 core unitsplus
5 elective units
The elective units consist of:
3 from the elective units listed below
of the remaining 2 units:
up to 2 may be from the elective units listed below
up to 2 may be from Diploma or Advanced Diploma in any currently endorsed Training Package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
FNSRSK602A Determine and manage risk exposure strategies
FNSTPB501A Apply legal principles in corporations and trusts law
FNSTPB502A Apply legal principles in commercial and property law
Pathways...
Pathways into the qualification
Preferred pathways for candidates entering this qualification include:
Diploma of Accounting.
Pathways from the qualification
A further learning pathway could be study in relevant higher education programs. Learners should establish relevant qualifications and any credit arrangements that may apply in order to make appropriate elective choices in this qualification.
Entry Requirements
The entry requirement for this qualification is completion of the Diploma in Accounting in the Financial Services Training Package FNS10.
or
Completion of the Diploma in Accounting in the Financial Services Training Package FNS04.
The entry requirement can be met by evidence of equivalent competency to the above units through recognition of prior learning (RPL).
Licensing Information
There is no direct link between this qualification and licensing, legislative and/or regulatory requirements. However, where required, a unit of competency will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit.
Employability Skills
The following table contains a summary of the Employability Skills required by industry for this qualification. The Employability Skills facets described here are broad industry requirements that may vary depending on qualification packaging options.
Employability Skill
Industry/enterprise requirements for this qualification include:
Communication
developing and writing reports to specifications
negotiating solutions with clients
preparing and presenting correspondence in appropriate electronic formats
questioning, listening and clarifying client’s requirements
reading and evaluating complex and formal documents, such as legislation and regulation documents
processing material and critically analysing and integrating information from a wide range of sources
using a range of presentation skills and presenting financial reports using graphs, diagrams and tables
Teamwork
liaising with government collection agencies and working with internal staff to achieve team goals
negotiating and agreeing with staff on performance standards
Problem-solving
aligning requirements of the system with the needs of users
analysing and synthesising information and determining levels of risk
applying estimating, forecasting and analysis skills
conducting variance and cost benefit analyses
developing financial performance indicators and security arrangements to ensure the integrity of the system
establishing and reviewing assumptions/parameters
identifying financial risks
preparing complex taxation returns
testing procedures and analysing internal control procedures
using problem solving tools and techniques
using sampling and selection techniques
Initiative and enterprise
applying referral skills
contributing to solutions for workplace challenges
demonstrating flexibility to meet changing environments
designing appropriate formats for reports
investigating corporate governance trends
Planning and organising
allocating and reviewing resource allocation and maintaining accurate records
developing and monitoring implementation plans
ensuring the integrity of systems, records and reporting procedures are maintained
establishing and monitoring performance targets
implementing internal financial audit to ensure ongoing compliance
Self-management
defining and working within own work role
managing own time and priorities and dealing with contingencies
taking responsibility as required by work role and ensuring all organisational policies and procedures are followed
understanding and acting upon compliance requirements
working ethically and complying with industry professional code of practice and legislative requirements
Learning
adapting to change in technical and work procedures
developing and maintaining personal competence
identifying opportunities for professional development
maintaining currency of knowledge of legislation and industry codes of practice
using online help for self-learning purposes
Technology
conducting web searches and using corporate templates
evaluating information technology systems and having the capacity to troubleshoot problems
using business technology such as computers and applying word processing, spreadsheet and database skills to produce workplace documents
using research data devices and telecommunication devices and equipment
using technology to manage financial information and to assist in the planning process