The entry requirement for this qualification is completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS10.

or

Completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS04.

The entry requirement can be met by evidence of equivalent competency to either of the above through recognition of prior learning (RPL).

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.

Visit Get Qualified Australia’s Trade Licensing page for more information surrounding licensing

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.

Industry/enterprise requirements for this qualification include: 

Communication

• compiling data and preparing financial statements and ad hoc reports
• developing and writing reports to specifications
• discussing and negotiating with stakeholders on matters relating to financial management
• liaising, listening and consulting
• preparing and presenting correspondence in appropriate electronic format
• 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 effective telephone techniques and having the ability to negotiate resolutions with clients and colleagues

Teamwork

• contributing and working with others to implement policies and procedures
• referring matters to nominated person as required

Problem-solving

• applying estimating, forecasting and analysis skills
• conducting variance and cost benefit analyses
• determining security protocols
• developing financial performance indicators and security arrangements to ensure the integrity of the system
• establishing and reviewing assumptions/parameters
• identifying financial risks
• identifying OHS hazards and exercising risk control
• solving discrepancies

Initiative and enterprise

• applying learning about ergonomic activities to develop improved processes
• applying referral skills
• designing reports to effectively present workplace information
• identifying trends in the industry
• referring non-routine problems to a nominated person
• researching the feasibility of workplace opportunities

Planning and organising

• establishing and maintaining an accounting system
• establishing, monitoring and reviewing reporting systems
• maintaining accounting records for compliance purposes
• maintaining systems, records and reporting procedures
• preparing, documenting and managing budgets and forecasts
• preparing taxation returns
• researching and managing data collection and testing
• setting milestones and performance indicators
• timetabling, scheduling reports and lodgements

Self-management

• adapting to change in technology and work practices
• defining own work role and understanding limits of responsibility
• developing internal control procedures for corporate governance
• identifying and acting upon professional development opportunities
• understanding and acting upon compliance requirements
• working ethically and complying with industry professional code of practice and legislative requirements

Learning

• developing and maintaining personal competence
• following workplace safety procedures
• maintaining currency of knowledge of relevant legislation and codes of practice
• using online help for self-learning purposes

Technology

• adapting to change in technology and working within ergonomic guidelines
• using technology to assist the management of information and to establish and operate systems
• using word processing, spreadsheet and database skills to produce workplace documents and reports

This qualification reflects professional accounting job roles in financial services and other industries.

• Advanced Diploma of Accounting (Release 3)
• Certificate III in Work Health and Safety