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Accounting and Bookkeeping Pathway Program
Accounting and Bookkeeping Pathway Program
The finance industry needs skilled professionals who are ready to think outside the box. Gain the skills you need to launch your career in this growing industry.
In order to enrol in the FNS50217 Diploma of Accounting you must have already completed the FNS40217 Certificate IV in Accounting and Bookkeeping. The Accounting and Bookkeeping Pathway Program incorporates both these qualifications, offering a streamlined solution to your learning goals.
This pathways program has been designed to train you in the skills needed to join the financial services industry – one of the most essential industries in Australia.
If you’re looking to launch your career in accounting and bookkeeping, this is one of the best places to start.
What you’ll learn
Achieve a working knowledge of the accounting and bookkeeping industry and how you can build a successful career within it.
Learn how to establish, manage and maintain payroll systems, a core component of any small or large business.
Gain the skills and knowledge to prepare financial forecasts and projections whilst managing budgets.
Learn about the theory side of the industry by studying economic principles related to financial service functions and tasks.
Attain the skills needed to prepare and lodge tax documents for individuals.
Why take this pathway program?
To enrol in the FNS50217 Diploma of Accounting you must have already completed the FNS40217 Certificate IV in Accounting and Bookkeeping. This pathway program has been developed to help you obtain both of these qualifications and give you the skills needed to launch or accelerate your career in finance.
This is a growing industry that contributes to a large percentage of Australia’s economy. Studying this pathway program can help prepare you for a stable and successful career in financial services.
There is growing demand for professionals who are skilled in web- and cloud-based accounting systems and software – topics which are covered in this pathway program.
This pathway program includes a number of elective subjects, so you can choose to specialise in a particular area.
Undertaking this pathway program means that you’ll meet the educational requirements to register as a Business Activity Statement (BAS) Agent. (Please note, other conditions apply, including a designated period of practical experience. For details on other registration requirements visit: www.tpb.gov.au.)
You will also be provided with 12 month student access to Sage Accounting software. Please note: You will start your free student access when you progress to 'Prepare tax documentation for individuals' as the software is required for this Module.
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.
Potential career outcomes
Accounting Manager
Accounts Administrator
Accounts Clerk
Accounts Payable Officer
Accounts Receivable Officer
Auditor
Bookkeeper
Budget Analyst
Debtors Clerk
Financial Accountant
Financial Analyst
Financial Controller
Forensic Accountant
Government Accountant
Management Accountant
Payroll Clerk
Extra benefits
When you enrol in this course you will also receive:
To help you stand out from the crowd, enrolment in this course will also get you exclusive access to Reckon One accounting software. This includes:
Access to the ‘Core’, ‘Invoices’ and ‘Payroll’ online modules, along with the print versions for each module.
Access to the extensive Reckon One training video library.
Access to the Reckon One community forum.
Reckon One certification (upon graduation of your course).
Three months free access to the commercial version of Reckon One.
There are training package entry requirements for FNS50217 Diploma of Accounting. To be able to enter this qualification learners must have completed one of the following:
FNS40217 Certificate IV in Accounting and Bookkeeping or equivalent;
OR
the FNSSS00014 Accounting Principles Skill Set;
OR
the FNS40615 Certificate IV in Accounting or equivalent;
OR
the FNS40215 Certificate IV in Bookkeeping or equivalent.
There are prerequisite units for FNSACC514 Prepare financial reports for corporate entities which is delivered the FNS50217 Diploma of Accounting. To be able to enrol into the unit of competency learners must have completed the following units within the FNS40217 Certificate IV in Accounting and Bookkeeping:
BSBFIA401 Prepare financial reports or equivalent
AND
FNSACC311 Process financial transactions and extract interim reports or equivalent.
To successfully complete this pathway course, it is recommended that students:
Be over 18 years of age
Have language, literacy and numeracy skills that ensures the ability to read and comprehend technical terms and communicate effectively through email. These skills are equivalent to those that would be required to successfully complete year 12
Access to a modern computer with high speed internet
Basic computing skills including the ability to make a short video
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.
Foundations in accounting and bookkeeping
FNSACC311
Process financial transactions and extract interim reports
Check and verify supporting documentation
Prepare and process banking and petty cash documents
Prepare and process payable and received invoices
Prepare journals
Update financial data and systems
Prepare deposit facility and lodge flows
Finalise trial balance and interim reports
Preparing ledgers
FNSACC312
Administer subsidiary accounts and ledgers
Review accounts receivable requirements
Identify bad and doubtful debts
Review client compliance with terms and conditions and plan recovery action
Prepare reports and file documentation
Distribute creditor invoices for authorisation
Remit payments to creditors
Reconcile outstanding balances
Financial reporting
BSBFIA401
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
Requirements for non-reporting entities
FNSACC414
Prepare financial statements for non-reporting entities
Compile data required for preparing financial statements for non-reporting entities
Prepare financial statements for non-reporting entities
Cloud-based computing
BSBSMB412
Introduce cloud computing into business operations
Review computing needs in the business
Investigate cloud computing services to meet business needs
Develop a plan to introduce cloud computing
Support implementation of the plan
Computerised accounting systems
FNSACC416
Set up and operate a computerised accounting system
Implement integrated accounting system
Process transactions in system
Maintain system
Produce reports
Managing payroll
This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision.
FNSTPB402
Establish and maintain payroll systems
Establish payroll requirements
Record payroll data
Prepare and process payroll
Handle payroll enquiries
Maintain payroll
This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision.
Managing business activity statements
This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision.
FNSTPB401
Complete business activity and instalment activity statements
Identify compliance and other requirements applicable to business activity
Analyse and apply industry codes of conduct associated with work activities
Review and apply goods and services tax (GST) implications and code transactions
Report on payroll activities and amounts withheld
Reconcile and prepare activity statement
Lodge activity statement
This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision.
Implement Customer Service Standards
BSBCUS403
Implement customer service standards
Contribute to quality customer service standards
Implement customer service systems
Implement team customer service standards
Working effectively in financial services
FNSACC408
Work effectively in the accounting and bookkeeping industry
Develop professional working relationships
Identify compliance requirements and support materials
Set up and maintain systems to meet compliance requirements
Work autonomously or in a team to complete work activities
Develop and maintain own competency
Designing business documents
BSBITU306
Design and produce business documents
Select and prepare resources
Design document
Produce document
Finalise document
Operational budgets
FNSACC412
Prepare operational budgets
Prepare budget
Set budget timeframe
Document budget
Small business planning
BSBSMB404
Undertake small business planning
Identify elements of the business plan
Develop a business plan
Develop strategies for minimising risks
Working in Financial Services
FNSACC408
Work effectively in the accounting and bookkeeping industry
Develop professional working relationships
Identify compliance requirements and support materials
Set up and maintain systems to meet compliance requirements
Work autonomously or in a team to complete work activities
Develop and maintain own competency
Develop and use complex spreadsheets
BSBITU402
Develop and use complex spreadsheets
Prepare to develop spreadsheet
Develop a linked spreadsheet solution
Automate and standardise spreadsheet operation
Use spreadsheets
Represent numerical data in graphic form
Providing financial and business performance information
FNSACC511
Provide financial and business performance information
Assess client needs
Analyse data
Prepare and provide financial and performance advice to client
Internal control procedures
FNSACC516
Implement and maintain internal control procedures
Review corporate governance requirements
Implement internal control operating procedures
Monitor internal control operating procedures
Managing budgets and forecasts
FNSACC513
Manage budgets and forecasts
Prepare budget
Forecast estimates
Document budget
Monitor budget outcomes
Providing accounting information to management
FNSACC517
Provide management accounting information
Gather and record operating and cost data
Analyse data and assign costs
Prepare cost reports and budgets
Analyse variances and review costing system integrity
Financial reports for corporate entities
FNSACC514
Prepare financial reports for corporate entities
Compile and analyse data
Prepare reports
Accounting information systems
FNSACC505
Establish and maintain accounting information systems
Identify and record system requirements
Evaluate alternative systems
Evaluate acceptance test system
Prepare system documentation
Implement reporting systems and records
Monitor reporting systems
Review reporting procedures
Applying financial economics
FNSINC601
Apply economic principles to work in the financial services industry
Apply economic principles and theories
Evaluate economic aspects that apply to decision making
Review own work
Maintain personal understanding of economic policies
Financial statistics and tools
FNSINC602
Interpret and use financial statistics and tools
Apply statistical methods to work
Source and interpret statistical data
Analyse data using appropriate techniques and tools
Record statistical data analysis results and records
Preparing tax documentation for individuals
FNSACC512
Prepare tax documentation for individuals
Gather client income data and verify client, organisational and legislative requirements
Identify, record and present client’s non-complex income tax documentation
Manage lodgement of client’s non-complex income tax documentation
This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision.
You can choose to pay your course fees in full upon enrolment and benefit from a 15% 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).
Payment Plan
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.
BPAY®
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.
Holly is an enthusiastic and dedicated professional with close to 20 years’ experience in business administration, account management, marketing and print. She has also been working within the education and training industry since 2013, in both a face-to-face and online capacity, and is passionate about the power of education.
Holly holds a Bachelor of Commerce, Diploma of Business Administration, Diploma of Business, Diploma of Marketing Communication, Diploma of Social Media Marketing, Certificate IV in Training & Assessment and a Certificate III in Printing & Graphic Arts.
Kimberly Kim
Kimberly has over 11 years’ experience in training and assessment in tertiary and vocational education and training institutes. She has also run her own public accounting and tax practice for over two years, after 10 years of working in tax and accounting field. Kimberly holds a Masters of Business Administration majoring in Professional Accounting and is a Certified Professional Accountant with a passion for teaching.
Peter McClatchey
Peter McClatchey has spent 23 years as a chartered accountant for PricewaterhouseCoopers. He has specialised in the financial services industry, providing accounting, audit and consulting services to a wide variety of industry leading superannuation, funds management and insurance clients. He has also been heavily involved in the development and delivery of accounting and audit training programs for all levels of staff. He has lived and worked in a variety of countries, including Australia, Singapore, Hong Kong, India and Fiji, providing accounting and audit services.
Rebecca Carnell
Rebecca has worked in management accounting, training and educational product development roles over the last 8 years. She has provided bookkeeping and management accounting services to small to medium size businesses and developed and audited VET learning material and assessments.
Further to Rebecca’s accounting and vocational and education experience, she holds a Certificate IV in Training and Assessment, a Diploma of Business and a Bachelor of Commerce with a major in Accounting.
Rosalie Pellew
Rosalie Pellew has over 30 years' experience in customer engagement; workplace training and assessment; facilitating adult education; leading and coaching customer contact teams; and supporting on-line learning students.
Rosalie’s experience spans various industries from retail and telecommunication to food production. Rosalie has been in vocational education for the past 10 years.
Pursuing her passion for adult education, Rosalie refocused into student services to assist students through their learning journey. She holds a Certificate IV in Training & Assessment, Diplomas in Teaching, Adult Education, Leadership & Management and Business Administration.
Suellen Freeman
Suellen has a broad range of experience in both auditing and accounting, including managing her own business and co-authoring two accounting text books in introductory accounting and financial accounting.
Suellen has been in education for over 30 years, working with students nationally and internationally. Currently, she is self-employed as Treasurer of her Body Corporate and is actively involved in the accounting process of her building management.
Students of this course will receive a membership to these organisation(s)
Australian Bookkeepers Network (ABN) has been renowned as an innovative industry leader since 2001. Their purpose is to make a difference in the lives of Bookkeepers by providing a supportive community, unique tools and resources that enable Bookkeepers to make well-informed, strategic business decisions and stay ahead in their industry.
Australian Bookkeepers Association (ABA) is a government recognised independent association for Bookkeepers. ABA aims to provide members with credibility, professional accreditation, representation and facilitated training. Once your qualification is completed, ABA helps members by reducing the hours required of relevant experience when applying/renewing a BAS agent registration with the Tax Practitioners Board.
How do both memberships work?
Your ABN membership gives you access to the online resource centre that will save you time, will provide you with the help, support and information that you need, when you need it, so that you can make the right decisions.
Your ABA membership is included ABN membership and gives you recognition as a member of a professional association with relevant government bodies.
Access to ABN helpline, ABN discussion forum and coffee club
Unlimited to access to the Bookkeepers Knowledge Base
Access to Ready Reckoner
Access to multiple industry bulletins and newsletters
The Institute of Public Accountants (IPA) is one of Australia's oldest representative professional bodies, formed in 1923. It is one of the three legally recognised professional bodies for accountants in Australia.[1] The IPA represents more than 35,000 members and students working in industry, commerce, government, academia and professional practice.
Membership benefits include:
Access to IFAC knowledge net
Access to continuing professional development events
Course Details
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