Description
Accounting Principles Skill Set (FNSSS00014)(Release 3)
Course Overview
The Accounting Principles Skill Set (FNSSS00014)(Release 3) is a comprehensive course that provides learners with the foundational knowledge and skills required to effectively manage financial records and perform basic accounting tasks. This skill set is designed for individuals who are interested in pursuing a career in accounting, finance, or related fields, or for those who want to enhance their existing accounting skills.
The course covers key concepts and principles of accounting, including financial statements, recording financial transactions, preparing financial reports, and managing financial records. Learners will develop an understanding of the fundamental accounting concepts and learn how to apply them in practical scenarios. The course also emphasises the use of relevant accounting software and tools to manage financial information effectively.
Throughout the course, learners will engage in a range of activities, including theoretical discussions, case studies, practical exercises, and assessments to reinforce their learning. They will also have the opportunity to develop critical thinking skills and problem-solving abilities, as well as enhance their communication and teamwork skills through group activities.
Units of Competency
- FNSACC321 – Process financial transactions and extract interim reports.
- FNSACC322 – Administer subsidiary accounts and ledgers.
- FNSACC418 – Work effectively in the accounting and bookkeeping industry.
- FNSACC421 – Prepare financial reports.
- FNSACC426 – Set up and operate computerised accounting systems.
- FNSTPB411 – Complete business activity and instalment activity statements
- FNSTPB412 – Establish and maintain payroll systems.
Entry requirements
While there are no formal prerequisites for this course, to ensure you get the most out of your learning experience with us, the following requirements must be met:
- You must be 18 years of age or older at the time of enrolment and must have sufficient English language skills to complete the course.
- You should possess basic technological literacy and have access to the Microsoft Office suite or an equivalent software package.
Course Duration
Students will have a maximum of six (6) months to complete the course via online, self-paced learning.
The course start date is taken as the date students receive the course material. If students do not complete the course within the six (6) month timeframe, the enrolment will be cancelled. Students may apply for an extension for an extra fee. Please refer to the student handbook for details on requesting extensions.
TPB Approved Course
This course meets the Tax Practitioners Board (TPB) education requirements to become a registered BAS agent. Experience criteria also apply (please see TPB website for further information).
Accounting Software
This course uses the Student Version of the Accounting Software, Xero. Students will have free access to Xero as part of the course.
Nationally Recognised Training
We are nationally accredited by the Australian Skills Quality Authority (ASQA), the national vocational education and training regulator. This means that you are ensured that you will receive a high-quality standard of training in accordance with the Australian Qualifications Framework. Our courses are nationally recognised, ensuring that your qualification is valued and respected across Australia.
Support
Throughout the course, students have access to a range of support services including email assistance, one-on-one online sessions with trainers, and tailored adjustments where required to support individual learning needs and assessment requirements.
Credit Transfer/RPL
Students are entitled to apply for Credit Transfer for units they have already successfully completed, or Recognition of Prior Learning (RPL) if they can demonstrate relevant skills and experience, ensuring prior achievements are acknowledged and reducing duplication of learning. For more information about Credit Transfer or RPL, please contact us directly and our team will be happy to guide you through the process.
Career outcomes
Graduates of the Accounting Principles Skill Set (FNSSS00014) gain the foundational knowledge and skills required to perform routine accounting functions across a variety of industries. This nationally recognised skill set develops essential capabilities in preparing financial reports, processing financial transactions, maintaining accounting records, and ensuring compliance with industry standards.
Potential career paths include:
- Accounts Clerk: Assist with day-to-day financial record keeping and transaction processing.
- Bookkeeper: Manage financial records, reconcile accounts, and prepare basic financial reports.
- Payroll Assistant: Support payroll operations, ensuring accurate employee payments and compliance with legislative requirements.
- Accounts Payable/Receivable Officer: Manage supplier invoices, payments, and debtor accounts.
- Finance Administration Officer: Provide administrative support for finance teams, including data entry and compliance tasks.
It’s important to note that career outcomes may depend on the student’s prior qualifications and experience. However, the Accounting Principles Skill Set (FNSSS00014) also serves as an entry pathway into the Certificate IV in Accounting and Bookkeeping (FNS40222), which is required for those seeking to become a registered BAS Agent or progress toward higher-level accounting and taxation qualifications.
International/Overseas Students
Those possessing Subclass 500 visas, or any visas that expire on or before the anticipated course completion date, are not eligible to enrol with AUSCBT.
If any individual with a Subclass 500 visa or a visa that has a conflicting expiration date attempts to register, the enrolment will be cancelled and an administration fee of 25% will be charged to any student attempting to enrol.
