of accounting and f inance

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1 of accounting and f inance FNS40615 & FNS50215 Certificate IV in Accounting & Diploma of Accounting

2 At Open Colleges, we are passionate about helping people from all walks of life to achieve their aspirations and dreams. For more than 100 years, we have been opening opportunities for people across Australia. Today, Open Colleges is blazing a new trail in online and distance education creating Australia s leaders in next generation learning. Why study with Open Colleges? Freedom study where you want, when you want Our courses and learning materials have been designed specifically for open learning Our trainers are industry professionals with experience in supporting open learning students Our dedicated student support team is there to help you every step of the way Our virtual campus OpenSpace provides you with opportunities to interact with trainers and students Many of our courses are nationally recognised and meet professional licensing or registration requirements Studying online through Open Colleges was very easy to follow and OpenSpace was easy to use to submit assessments and view my grades. It allowed me to study in my own time in the evenings with no distractions. The trainers of Open Colleges were always there to help me with any questions I had. They played a huge part in my success in finishing this course. Kylie Kimlin, Open Colleges student

3 of accounting and f inance FNS40615 & FNS50215 Certificate IV in Accounting & Diploma of Accounting Start an exciting career in accounting and finance with a Certificate to Diploma pathway Accounting is a rewarding career where you can expect the work to be as varied as you want to make it. Graduating with a double accounting qualification will provide you with huge prospects for career progression and job security. The combined FNS40615 Certificate IV in Accounting and FNS50215 Diploma of Accounting has been designed to give you a broad spectrum of skills and knowledge so you will have the best chance of success in the financial services industry. Cloud Computing Study MYOB AccountRight and learn to apply manual accounting practices into a computerised accounting system and work with both data and clients in the cloud. Strong industry connections Open Colleges works closely with leading professional associations in accounting and finance to help you progress in your career journey: Association of Accounting Technicians (AAT), Institute of Certified Bookkeepers (ICB), Institute of Public Accountants (IPA) and The Tax Institute. You can also build your professional network, get advice from accounting and finance leaders and discover the current industry trends at our annual conference held in several cities. COURSE DETAILS Course number Delivery mode Course duration Assessments Qualification Nationally recognised Awarded by Extra benefits POTENTIAL JOBS > Accounts clerks > Payroll officer > BAS Agent > Office manager > Budget officer > Accounts supervisor > Employee bookkeeper E1106 Online Maximum 24 months Knowledge test, shortanswer questions, multiple choice questions, case study, written reports and practical activities, projects/portfolios and demonstrations/ presentations Certificate IV, Diploma Yes Open Colleges 24-month ICB membership, 12-month AAT, IPA and Tax Institute memberships, access to live webinars and cloud computing. > Sub-contracting bookkeeper > General accounts assistant > Assistant accountant > Senior financial clerk > Accounts receivable and accounts payable clerk > Administration manager

4 FNS40615 Certificate IV in Accounting & FNS50215 Diploma of Accounting What you need to know about this course COURSE NUMBER E1106 How is the course delivered? This course is delivered online. What is online learning? OpenSpace is Open Colleges online campus. Through OpenSpace you will: > Access your learning materials and assessments > Undertake assessments or upload assessments > Engage and interact with your trainer > Participate in student forums and find a study buddy > Access your assessment grades and feedback > Access student support services > Access to live and pre-recorded webinars > Gain access to the Gale Library. What learning materials are included with this course? Your learning materials are accessed through OpenSpace. These include: > Workbooks > Learning activities > Web resources and rich media content > Course forums > Quizzes > Case studies. How is the course assessed? During the course, you will undertake: > Knowledge test > Case studies > Written reports > Short-answer questions > Multiple choice questions > Projects/portfolios > Demonstrations/presentations What about Recognition of Prior Learning (RPL)? We understand that you may already have many skills and areas of expertise that you have obtained in different ways and these are recognised through our Recognition of Prior Learning (RPL) process. Open Colleges has developed an RPL Application Kit for this course. The Student Handbook, available on the Open Colleges website, provides more information about our RPL process. Alternatively, you can contact an education consultant to discuss your RPL options. Pathway into the qualification There is a direct pathway into this course from the FNS30315 Certificate III in Accounts Administration. Please contact Open Colleges for more information. BAS agent educational requirements New educational requirements have now been implemented for Business Activity Statements (BAS) agent applications. To register or renew your registration as a BAS agent from this date, you will need to have completed: > At least a Certificate IV in Accounting or Certificate IV in Bookkeeping; and > A formal approved course in GST/BAS which includes both BAS/Instalment Activity Statement (IAS) and payroll components. This Certificate IV in Accounting meets these new educational requirements. If you are seeking BAS agent registration, check the current registration requirements with the TPB at

5 FNS40615 Certificate IV in Accounting & FNS50215 Diploma of Accounting What is the duration of the course? The maximum duration for the course is 24 months. To complete the course in this timeframe, we recommend that you study a minimum of hours per week. This is a guide only the time taken to complete your course will depend on your level of skill and knowledge. What are the entry requirements for the course? Education Requirements There are no entry requirements for this qualification, however, there are two prerequisite units that must be completed (prior to commencing FNSACC504) for progression into the Diploma of Accounting being: > FNSACC301 Process financial transactions and extract interim reports > BSBFIA401 Prepare financial reports The pre-requisite units are covered within the Certificate IV in Accounting. At the point of enrolment students will need to select their specialisation area being; the Tax stream or the General Accounting stream. Minimum Age Requirements You will need to be at least 18 years old. English Language Requirements This course requires you to read comprehensive learner workbooks, undertake a range of written assessments and engage in online discussion forums. Furthermore, the course relies on the extensive use of written communication. As such, entry to the course requires English proficiency to Year 12 level, or equivalent (a qualification at the Certificate III level or 3 years of work experience in a role that requires the use of written documentation and communication). Computing Requirements You will need to have basic computing skills to undertake this course. This includes the ability to: > 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 > Download and use Accounting Software such as MYOB, Xero, Intuit or Reckon All users: > Microsoft Office 2010 or equivalent > Microsoft Excel 2010 or equivalent is required for units such as BSBITU402, FNSACC402 and FNSACC502 > Access to Accounting Software such as MYOB, Xero, Intuit or Reckon > Adobe Flash Player 10 or higher > Broadband internet connection > 2GB of RAM > CD-ROM or DVD drive > Adobe Reader XI or equivalent > Digital audio or video recording capability > Sharp EL735 calculator is recommended for FNSACC501 and FNSACC503 > You will also need access to a phone, printer, photocopier, scanner and a file compression software. Specific requirements for Mac OS users: > Mac OS X v 10.5 or higher (Mac OS X v 10.6 is recommended) > 1 gigahertz (GHz) or faster Intel processor (2GHz recommended). Specific requirements for Windows users: > Microsoft Windows 7 or higher (Windows 8 recommended) > 1GHz or faster processor (2GHz or faster recommended) Audio-visual requirements You will need access to a digital video recording device and/or digital camera and associated software to save and upload video and image files to OpenSpace. Many mobile phones and smart phones include this techology.

6 FNS40615 Certificate IV in Accounting & FNS50215 Diploma of Accounting What support services are available? During your studies with Open Colleges, you will have access to a comprehensive range of support services. These include: Academic support Your experienced trainers and assessors are available in OpenSpace to answer any questions you may have regarding the learning materials or assessments. Your trainer can also provide you with advice and support regarding the overall course. Student support The student support team is your one-stop service centre for all student administrative issues including enrolment, change of contact details, OpenSpace support, assessment results and certification. You can access the student support team in OpenSpace or by or phone. Learning support The learning support team is a dedicated team of specialists that provide you with a comprehensive induction to studying with Open Colleges as well as specific support if you encounter learning difficulties during your studies. Learning support resources, such as writing guides, are available in OpenSpace. You can access the learning support team via your trainer or the student support team. What will I obtain on completion of the course? Upon successful completion of this course you will receive a nationally recognised dual qualification: FNS40615 Certificate IV in Accounting & FNS50215 Diploma of Accounting awarded by Open Colleges Pty Ltd (Provider Number 90796). Open Colleges is a Registered Training Organisation. What funding support options exist? Austudy/Abstudy This course is Austudy/Abstudy approved, but you will need to apply directly to Centrelink for information on eligibility. Other courses you may be interested in > FNS50215 Diploma of Accounting (specialising in Tax) > FNS60215 Advanced Diploma of Accounting (General stream, Managerial Accounting stream or Tax stream) Peer support As a student of Open Colleges you can also access our study buddy system. This enables you to connect with other Open Colleges students studying your course that live near you. Students find this is a great way to keep motivated and build lasting friendships and networks. More information? The Student Handbook, available on the Open Colleges website, provides more detailed information on the support services available to students. We recommend that you read the Student Handbook prior to enrolling with us.

7 FNS40615 Certificate IV in Accounting & FNS50215 Diploma of Accounting Study Periods and Units Once you are enrolled in this course, you will receive access to the Study Period 1, which contains the first set of units for the course. When you have successfully completed those units, you ll be given access to the next study period. FNS40615 Certificate IV in Accounting Order of Studies Modules Code Unit Title Study Period 1 Module 1 - Accounting foundations FNSACC301 FNSACC302 Process financial transactions and extract interim reports Administer subsidiary accounts and ledgers Study Period 2 Module 2 - Prepare ledgers and financial reports BSBFIA401 Prepare financial reports Study Period 3 Module 3 - Prepare financial statements for non reporting entities FNSACC404 Prepare financial statements for non-reporting entities Study Period 4 Module 4 - Set up and operate a computerised accounting system FNSACC406 Set up and operate a computerised accounting system Study Period 5 Module 5 - Establish and maintain a payroll system FNSBKG405 Establish and maintain a payroll system* Study Period 6 Module 6 - Carry out business activity and instalment activity statement tasks FNSBKG404 Carry out business activity and instalment activity statement tasks Study Period 7 Module 7 - Apply principles of professional practice to work in the financial services industry FNSINC401 Apply principles of professional practice to work in the financial services industry Study Period 8 Module 8 - Design and produce business documents BSBITU306 Design and produce business documents Study Period 9 Module 9 - Prepare operational budgets Module 10 - Develop and use complex spreadsheets FNSACC402 BSBITU402 Prepare operational budgets Develop and use complex spreadsheets Study Period 10 Module 11 - Provide financial and business performance information FNSACC501 Provide financial and business performance information Module 12 - Introduction to income tax Study Period 11 Module 13 - Forms of taxable income Module 14 - Deductions FNSACC502 Prepare tax documentation for individuals Module 15 - Decline in value, offsets, tax losses and preparing a return

8 FNS40615 Certificate IV in Accounting & FNS50215 Diploma of Accounting FNS50215 Diploma of Accounting Study Period 12 Module 16 - Manage budgets and forecasts Module 17 -Provide management accounting information FNSACC503 FNSACC507 Manage budgets and forecasts Provide management accounting information Study Period 13 Module 18 - Implement internal control procedures FNSACC506 Implement and maintain internal control procedures Study Period 14 Module 19 - Prepare financial reports for corporate entities FNSACC504 Prepare financial reports for corporate entities Study Period 15 Module 20 - Apply economic principles to work in the financial services industry Module 21 - Interpret and use financial statistics and tools FNSINC601 FNSINC602 Apply economic principles to work in the financial services industry Interpret and use financial statistics and tools Study Period 16 Module 22 - Establish and maintain accounting information systems FNSACC505 Establish and maintain accounting information systems For full course competency details visit *The assessments for the Tax Practitioner Board (TPB) BAS Agent skill set units, FNSBKG405 Establish and maintain a payroll system require 40% of the unit to be independently supervised. Individual students are responsible for organising an invigilator by an independent supervisor.

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10 Studying with Open Colleges Open Colleges provides you with the freedom to study where and when you want. We understand that our students are constantly juggling multiple priorities, so our unique learning approach has been specifically designed to enable you to fit education and training around your lifestyle. After you enrol with Open Colleges you will be provided with access to OpenSpace our cutting edge virtual campus. Here are some of the key features and benefits of OpenSpace: Access Access your learning materials, assessments, videos and additional online resources wherever you have an internet connection. You can also download your study guides, workbooks and assessments so that you can study wherever and whenever it suits you. Support Access the student support team using the online enquiry feature. OpenSpace also provides a detailed searchable database of Frequently Asked Questions, so that we can provide you with 24/7 responses to many of the common queries. You can also contact the student support team by phone on I would recommend Open Colleges to others. They provided me with a course that met my needs and I could do it in my time, around full-time work. But the best part is it got me the job of my dreams. Ben Murphy, Open Colleges student Connections Connect with your trainers, assessors and other students. You can participate in the lively student forums, link up with a study buddy or engage with your trainer. OpenSpace is also where you will submit your assessments and receive your grades. Knowledge OpenSpace is your link to Gale our extensive online library. Through Gale you will have access to millions of academic, magazine and newspaper articles from around the world.

11 How to Enrol Enrolling with Open Colleges is easy: Enrol online today. Just visit our website, select your course and click Enrol Today OR Enrol by phone. Just call one of our friendly enrolment consultants on Need more information? We appreciate that choosing the right course is important. If you would like to discuss your career or course options, please do not hesitate to call our enrolment consultants on or with your questions. Are you ready to study online? If you are unsure, you can take our free online learning assessment. See for more information.

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