This qualification reflects accounting job roles in financial services and other industries requiring accounting support functions. Individuals in these roles apply theoretical and specialist knowledge and skills to work autonomously and exercise judgement in completing routine and non-routine activities.

BSBFIA401 Prepare financial reports

Louis has the skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. He is able to maintain an asset register; record general journal entries for balance day adjustments; prepare final general ledger accounts and prepare end of period financial reports

BSBITU306 Design and produce business documents

Louis is able to design and produce various business documents and publications. He can select and prepare resources; design, produce and finalise a document

FNSACC301 Process financial transactions and extract interim reports

Louis has the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports.

FNSACC302 Administer subsidiary accounts and ledgers

Louis is able to reconcile and monitor financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, and remit payments to sundry creditors.

FNSACC402 Prepare operational budgets

Louis is able to prepare a budget; set a budget timeframe and document a budget

FNSACC404 Prepare financial statements for non-reporting entities

Louis has the skills and knowledge required to develop a range of commonly required financial reports for entities that do not have a statutory duty to file financial reports with government agencies and regulators. He is able to compile data and prepare reports

FNSACC406 Set up and operate a computerised accounting system

Louis has the skills and knowledge required to modify and operate an integrated computerised accounting system. He can implement an integrated accounting system; process transactions within the system; maintain the system; produce reports and ensure system integrity

FNSBKG404 Carry out business activity and instalment activity statement tasks

Louis has the skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS) and other required reports. He is able to identify individual compliance and other requirements; recognise and apply GST implications and code transactions; report on payroll activities and amounts withheld; complete and reconcile the Activity Statement and lodge the Activity Statement

FNSBKG405 Establish and maintain a payroll system

Louis is able to establish payroll requirements; record payroll data; prepare and process payroll; handle payroll enquiries and maintain payroll

FNSINC401 Apply principles of professional practice to work in the financial services industry

Louis is able to identify the scope, sectors and responsibilities of the industry; identify and apply financial services industry guidelines, procedures and legislation; identify sustainability issues issues; manage information; participate in and facilitate work team activities; plan work to be completed and develop and maintain personal competency

BSBWRT301 Write simple documents

Louis is able to plan, draft and finalise a basic document.

FNSACC303 Perform financial calculations

Louis is able to obtain data and resources for financial calculations; select appropriate methods and carry out financial calculations and check calculations and record outcomes

FNSBKG401 Develop and implement policies and procedures relevant to bookkeeping activities

Louis is able to develop professional working relationship with relevant parties; carry out research to identify compliance requirements and support materials and set up and maintain appropriate systems to meet compliance requirements