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The FNSSS00014 Accounting Principles Skill Set (Release 2) has been designed to offer prospective accounting professionals a way to bolster their analytical skills online. Study your way, through our innovative learning platform, and develop accounting principles that will allow you to become a more analytical and commercial professional.
Currently, accounting is one of the fastest growing sectors in Australia – with rapid growth over the past five years and further growth to continue for the next five. As commercial businesses grow, there is a stronger demand for accounting support that can offer real, valuable insight into financial performance.
Study these accounting principles and you’ll cover everything from skills for working effectively in financial services through to preparing ledgers, managing payroll and managing BAS statements. The units of competency completed on this course are a prerequisite for those wishing to study the FNS50217 Diploma of Accounting and serve as partial requirements for the FNS60217 Advanced Diploma of Accounting.
Please note that on the 14th of June 2022 the units for this course were superseded and updated. You can still enrol, however at the moment, the new units are not yet available. Open Colleges will communicate with you in due course once the new course is available.
If you are an existing worker or have experience in the related industry, please inform our enrolment consultants during your enrolment conversation. You may be eligible to enrol as an existing worker and complete your studies faster. Please note - limitations do apply.
| Course number | E1339 |
| Qualification name | FNSSS00014 Accounting Principles Skill Set (Release 2) |
| Course duration | Maximum 12 months |
| Delivery Method | Online |
| Recognition | Nationally Recognised  |
| Assessments | Demonstrations, Knowledge tests, Projects, Written reports |
| Awarded by | Open Colleges Pty Ltd (Provider number: 90796) |
You will need to have completed Year 12, or equivalent. Equivalency can be demonstrated by one of the following:
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:
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.
Access to others
This course includes a requirement to record video and/ or audio roleplays. These will require participation by 1-2 other people sourced by you.
Tools and equipment
You will need to purchase specific tools and equipment for this course. Click here to view the complete list of materials, equipment and tools required for this course. IT Requirements It is recommended that students have the following hardware and additional software:
To successfully complete this course, you will require basic computing skills. This includes:
Some assessments will require other participants to act as characters in role plays designed to demonstrate practical and oral communication skills. Students will be required to source and arrange these other participants, participants can be family, friends or workplace colleagues.
Office equipment and resources including telephone, photocopier, scanner and printer.
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.
Once you are enrolled in this course, you will receive access to the first Module. When you have successfully completed this unit, you'll be given access to the next Module.
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.
| FNSACC408 | Work effectively in the accounting and bookkeeping industry |
| FNSACC311 | Process financial transactions and extract interim reports |
| FNSACC312 | Administer subsidiary accounts and ledgers |
| BSBFIA401 | Prepare financial reports |
| FNSACC416 | Set up and operate a computerised accounting system |
| FNSTPB402 | Establish and maintain payroll systems |
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 |
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.
Pay in Full
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).
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.
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.
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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.
Course at a Glance
Maximum 12 months
Online
Flexible payment options available
Nationally recognised
Course at a Glance
Maximum 12 months
Online
Flexible payment options available
Nationally recognised
The FNSSS00014 Accounting Principles Skill Set (Release 2) has been designed to offer prospective accounting professionals a way to bolster their analytical skills online. Study your way, through our innovative learning platform, and develop accounting principles that will allow you to become a more analytical and commercial professional.
Currently, accounting is one of the fastest growing sectors in Australia – with rapid growth over the past five years and further growth to continue for the next five. As commercial businesses grow, there is a stronger demand for accounting support that can offer real, valuable insight into financial performance.
Study these accounting principles and you’ll cover everything from skills for working effectively in financial services through to preparing ledgers, managing payroll and managing BAS statements. The units of competency completed on this course are a prerequisite for those wishing to study the FNS50217 Diploma of Accounting and serve as partial requirements for the FNS60217 Advanced Diploma of Accounting.
Please note that on the 14th of June 2022 the units for this course were superseded and updated. You can still enrol, however at the moment, the new units are not yet available. Open Colleges will communicate with you in due course once the new course is available.
If you are an existing worker or have experience in the related industry, please inform our enrolment consultants during your enrolment conversation. You may be eligible to enrol as an existing worker and complete your studies faster. Please note - limitations do apply.
| Course number | E1339 |
| Qualification name | FNSSS00014 Accounting Principles Skill Set (Release 2) |
| Course duration | Maximum 12 months |
| Delivery Method | Online |
| Recognition | Nationally Recognised |
| Assessments | Demonstrations, Knowledge tests, Projects, Written reports |
| Awarded by | Open Colleges Pty Ltd (Provider number: 90796) |
You will need to have completed Year 12, or equivalent. Equivalency can be demonstrated by one of the following:
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:
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.
Access to others
This course includes a requirement to record video and/ or audio roleplays. These will require participation by 1-2 other people sourced by you.
Tools and equipment
You will need to purchase specific tools and equipment for this course. Click here to view the complete list of materials, equipment and tools required for this course. IT Requirements It is recommended that students have the following hardware and additional software:
To successfully complete this course, you will require basic computing skills. This includes:
Some assessments will require other participants to act as characters in role plays designed to demonstrate practical and oral communication skills. Students will be required to source and arrange these other participants, participants can be family, friends or workplace colleagues.
Office equipment and resources including telephone, photocopier, scanner and printer.
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.
Once you are enrolled in this course, you will receive access to the first Module. When you have successfully completed this unit, you'll be given access to the next Module.
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.
| FNSACC408 | Work effectively in the accounting and bookkeeping industry |
| FNSACC311 | Process financial transactions and extract interim reports |
| FNSACC312 | Administer subsidiary accounts and ledgers |
| BSBFIA401 | Prepare financial reports |
| FNSACC416 | Set up and operate a computerised accounting system |
| FNSTPB402 | Establish and maintain payroll systems |
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 |
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.
Pay in Full
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).
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.
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.
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.
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