Please note - This course is not currently offered by Open Colleges. Register your interest and get notified of any updates.
A nationally recognised qualification under the FNS15 Financial Services Training Package, it will deliver a range of valuable skills required by clerical and administrative workers in finance departments and businesses. You'll be introduced to complex spreadsheets, payroll work, BAS (Business Activity Statement) services and more. It will also train you in fundamental office procedures, such as the use of business technology, as well as the MYOB computerised accounting system.
Designed to suit online learners, the course offers exceptional flexibility. Start anytime, study online from home and progress at your own pace. Experienced trainers provide valuable feedback throughout your course, and you'll have access to study resources and more via the online portal OpenSpace to help you make the most of your studies. Successful completion of the course could not only boost your prospects but provide the ideal platform for further studies.
If you are an existing worker or have experience in the related industry, please inform our enrolment consultants during your enrolment conversation as you may be eligible to enrol as an existing worker and may be able to complete your studies faster.
There are no formal education entry requirements for this course.
You will need to be at least 18 years old.
This course involves reading learning content and undertaking a range of written assessments and engaging in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication. As such, entry to the course requires the successful completion of English to Year 12 level.
If you haven't successfully completed English at Year 12 level, you can demonstrate equivalency through one of the following:
Successful completion of a Nationally Recognised Training qualification at Certificate III level or higher; or
3 years relevant industry experience in a role that requires the use of written documentation and communication.
Open Colleges recognises that not all people are able to read, write and perform calculations to the same standard. See the Language, Literacy and Numeracy Considerations section for more information on tools, resources and support services provided by Open Colleges.
You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:
Microsoft Office 2010 or equivalent
Broadband internet connection
2GB of RAM
CD-ROM or DVD drive
Adobe Reader XI or equivalent
Adobe Flash Player 10 or higher
Access to printer and associated software
Access to scanner and associated software
Digital imaging software
File compression software
Microsoft Windows 7 or higher (Windows 8 recommended)
1 Ghz or faster processer (2GHz recommended)
Mac OS users:
Mac OSX v10.5 or higher (Mac OSX v10.6 recommended)
1 Ghz or faster processer (2GHz recommended)
Access to Accounting Software.
You will need access to:
A digital video recording device and/or a digital camera and associated software to save and upload video, image and audio files to OpenSpace. Many mobile phones and smart phones include this technology.
Software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc. are available as a free download from the internet.
To successfully complete this course, you will require basic computing skills. This includes:
Creating, saving and editing Microsoft Office documents.
Accessing and searching the internet.
Downloading and saving documents from websites.
Uploading documents through websites.
Participating in online discussions.
Compressing image files.
Connecting digital cameras and downloading and storing images.
Language, Literacy and Numeracy
Our free online assessment tool can help give you an idea of the language, literacy and numeracy skills needed to study a VET course. This tool can also help you determine your learning level and help you plan your future studies. You can access the Language, Literacy and Numeracy tool here.
Open Colleges may make changes to the course from time to time to reflect changes introduced to the relevant Training Package or other regulatory requirements. Please download the course guide for current information about the course and its status.
Process financial transactions and extract interim reports
Check and verify supporting documentation
Prepare and process banking and petty cash documents
Prepare and process invoices for payment to creditors and for debtors
Prepare journals and batch monetary items
Post journals to ledger
Enter data into system
Prepare deposit facility and lodge flows
Extract a trial balance and interim reports
Administer subsidiary accounts and ledgers
Review accounts receivable process
Identify bad and doubtful debts
Review compliance with terms and conditions and plan recovery action
Prepare reports and file documentation
Distribute creditors invoices for authorisation
Remit payments to creditors
Prepare accounts paid report and reconcile balances outstanding
Prepare financial reports
Maintain asset register
Record general journal entries for balance-day adjustments
Prepare final general ledger accounts
Prepare end-of-period financial reports
Design and produce business documents
Select and prepare resources
Write simple documents
Write final document
Perform financial calculations
Obtain data and resources for financial calculations
Select appropriate methods and carry out financial calculations
Check calculations and record outcomes
Select and prepare resources
Plan spreadsheet design
Produce simple charts
Establish and maintain a payroll system
Establish payroll requirements
Record payroll data
Prepare and process payroll
Handle payroll enquiries
The assessments for this unit require 40% of the unit to be supervised by an independent supervisor. The supervision should not be administered by a family member, friend or someone that has a close personal or professional relationship with the student undertaking the assessments. Organising this supervision is the responsibility of the student.
Carry out business activity and instalment activity statement tasks
Identify individual compliance and other requirements
Recognise and apply GST implications and code transactions
Report on payroll activities
Report on other amounts withheld, Pay As You Go (PAYG) instalments and taxes
Complete and reconcile the Activity Statement
Lodge Activity Statement
The assessments for this unit require 40% to be supervised by an independent supervisor. The supervision should not be administered by a family member, friend or someone that has a close personal or professional relationship with the student undertaking the assessments. Organising this supervision is the responsibility of the student.
Contribute to health and safety of self and others
Implement work safety requirements
Participate in WHS consultative processes
Work effectively in the financial services industry
Work within financial services industry guidelines, procedures and legislation
You can choose to pay your course fees in full upon enrolment and benefit from a 10% discount (unless otherwise advertised).
Pay 50% & Payment Plan Combo
You can also choose to pay 50% of your total course fees upon enrolment and the balance on a Payment Plan. When you do, you’ll benefit from 50% of the standard Pay in Full discount (unless otherwise advertised).
You can choose to pay for your course in weekly or fortnightly instalments. By paying in instalments, you can schedule your payments around your regular outgoings and get ahead without breaking the bank. Open Colleges payment plans are interest-free.
zipMoney Payment Plan
If you need a little more flexibility with your finances and would like to pay off your course fees over a longer period of time, we can assist by organising zipMoney to pay your course fees directly to us on your behalf, and you pay this loan back to zipMoney over an agreed period of time. zipMoney provides you flexible options of selecting a 24, 36 or 48 months interest-free, payment plan (dependant on which course you’re enrolling into) to suit your lifestyle, giving you more flexibility than ever before.
With BPAY®, you’re able to pay quickly and securely, 24/7 through your internet, mobile or phone banking service. You can choose when, how much and from which account to pay from - whatever works for you. BPAY® is only available when paying in full. Call an Enrolment Consultant to find out more.
BPAY® is a trademark of BPAY Pty Ltd ABN 69 079 137 518. Check if BPAY® is right for you by reading the terms and conditions available from your Financial Institution.
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