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FNS40604 Certificate IV Financial Services
Course Code: 062515D
Course description
This course provides students with the basic accounting skills
and assists them to become trainee accountants, clerical assistants,
bookkeepers, payroll clerks and receivable and payable account
assistants.
The course provides industry recommended pathway for people who may be involved in preparing a variety of business activity statements (BAS) including preparing office taxes, operational reports, management reports, budgets, basic job costing reports, and classifying, recording and reporting of accounting information, and maintaining inventory records.
Students completing this course will be awarded the nationally accredited Certificate IV in Financial Services (Accounting), which is also a pre-requisite for membership into the Association of Accounting Technicians (AAT)-the body which provides recognition for independently practicing bookkeeping and accounting consultants.
The course can lead to advanced study pathway such as Diploma in Accounting. Some Australian universities recognise this qualification to undertake further studies in accounting.
The main objective of this course is to teach all aspects of basic accounting skills in the context of Australian legal, technological and accounting standards and environments.
The course provides specific skills in:
• Preparing financial reports and operational budgets
• Creating and using simple spreadsheets
• Maintaining financial records
• Setting-up and operating computerized accounting systems
• Managing budgets and forecasts
• Producing job costing information, and
• Maintaining asset and inventory records
The main features and requirements of this course are outlined below.
| Relevant training package | Financial Services-FN S04 | ||||||||||||||||||||||||
| NTIS code | FNS 40604 | ||||||||||||||||||||||||
| Qualification | Certificate IV in Financial Services (Accounting) | ||||||||||||||||||||||||
| Industry | Financial Services Industry | ||||||||||||||||||||||||
| Course aim | To provide the basic accounting skills and assists students to become trainee accountants, clerical assistants, bookkeepers, payroll clerks and receivable and payable account assistants. Also to prepare for higher studies in accounting. | ||||||||||||||||||||||||
| Duration | 42 weeks full time including six weeks break Minimum 20 hours per week face-to face. |
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| Entry requirement | Literacy and mathematical skills of 12 years of school standards or, equivalent and a minimum of 5.5 in IELTS score, 18 or above in age or FNS 40604 Certificate IV in Financial Services (Accounting) | ||||||||||||||||||||||||
| Qualification recognition | This qualification like other CIBT qualification is based on the principles, guidelines and standards set by the Australian Quality Training Framework ( AQTF). As such it has national recognition. Under the obligation of mutual recognition CIBT recognises the qualifications delivered by other institutions who are based on the AQTF. So your 'Qualification' or 'Statement of Attainment' from other 'Registered Training Organisation (RTOs)' will be accepted as equivalent attainment or qualification by CIBT. |
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| Intake time | CIBT term dates. Four times in a year: January, April, July and September. Contact CIBT for specific information on intake time. | ||||||||||||||||||||||||
| Tuition fee | $8,200 | ||||||||||||||||||||||||
| Enrolment, materials and support fee | $200 Enrolment plus $200 for books, materials and supplies | ||||||||||||||||||||||||
| Health cover | All international students studying in Australia are required to maintain approved health cover as a condition of their Student visa. You need to buy OSHC cover before you come to Australia. You will also need to maintain your OSHC cover throughout your stay and study period in Australia. CIBT assists students in obtaining and maintaining your OSHC Cover. Contact CIBT Student Services Manager for more Information on health cover. To seek your cover on-line you may go to Medibank Private website at http://www.medibank.com.au. (See Student Prospectus for details) The health cover cost for you will be as follows:
These rate continuously changes. Please see http://www.medibank.com.au for recent rates. |
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| Living cost | The average living cost in Sydney (depending on your
life style) is likely to be in the following range (See Student Prospectus for details) |
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| Accommodation | CIBT can make guest stay or home stay arrangements through Homestay Worldwide Pty. Ltd, Telephone: 61 2 9544 0126 It may also be able to organise independent apartments through Carnarvon Private Hotel, Telephone: 61 2 9925 0517, or organize a long term rental accommodation through Peter Hill First National, Telephone 61 2 9929 8944 | ||||||||||||||||||||||||
| Learning support | CIBT provides learning support in a number of areas
including language and numeracy, undertaking assignments. CIBT can also assist you in organising yourself in Sydney including organizing health cover and finding jobs. |
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| Payment time/ installments |
Full amount at the time of registration or two terms advance at a time. | ||||||||||||||||||||||||
| Refund and cancellation policy | Enrolment fee and accommodation booking fees are non refundable
Any application for refund must be in writing. Tuition fee
will be refunded in full if • CIBT is notified at least 28 days before the commencement date of the course, or • The candidate is not granted a Student visa. In this instance a rejection letter from the Australian embassy/consulate must accompany the application • More details on refund policy are provided in the Enrolment Form and Student Prospectus |
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| Course allowances | Not available | ||||||||||||||||||||||||
| Career prospect/ Pathway | To work as account assistant, account clerk or, Accounting support staff in a variety of small to medium size organizations. Leads to a pathway to Diploma in Accounting. | ||||||||||||||||||||||||
| Delivery mode | Institution based at 116 Pacific Highway, North Sydney, NSW 2060. A combination of lectures, small group discussions, case studies, class exercises, research and others | ||||||||||||||||||||||||
| Learning environment /facilities | Throughout the entire training program students will be provided with appropriate learning materials like lecture notes, power point slides, workbooks, handouts, delivery and assessment plans, reading materials, assessment tasks, computer/internet access and supplies. The learning environment is supported by needed learning technology, furniture and facilities including appropriate space allowance, lighting and ventilation. Learning support CIBT provides support to access health cover, accommodation and jobs. It also provides learning support and counselling in undertaking assignments and improving numeracy and language skills. |
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| Assessment methods | Assignments, class activities, case studies, simulation computer works, tests, exams and others. | ||||||||||||||||||||||||
| Units covered | 4 industry core units, 6 sectoral core units; and 3 electives. | ||||||||||||||||||||||||
| Course structure | The course will be delivered in five terms. Unit details are provided below | ||||||||||||||||||||||||
| More information | Detailed information on CIBT's training services and facilities
location, and enrolment conditions and procedures are available
in this web site. More information on CIBT's policies and student's obligation can also be obtained from Student Handbook. or by calling 0061 2 99550488 or by e-mailing CIBT information services at info@cibt.nsw.edu.au |
Unit Details
| Code | Unit | Status |
| INDUSTRY CORE UNITS | ||
| FNSICGEN301A | Communicate in the workplace | Core |
| FNSICGEN304A | Apply health and safety practices in the workplace | Core |
| FNSICIND401A | Apply principles of professional practice to work in the financial services industry | Core |
| FNSICGEN302A | Use technology in the workplace | Core |
| SECTORAL CORE UNITS | ||
| FNSACCT401A | Process business tax requirements | Core |
| FNSACCT402A | Produce job costing information | Core |
| FNSACCT403A | Prepare operational budget | Core |
| FNSACCT404A | Make decisions in a legal context | Core |
| FNSACCT405A | Prepare financial statements | Core |
| FNSACCT406A | Maintain asset and inventory records | Core |
| ELECTIVE UNITS | ||
| FNSICACC401A | Evaluate and authorize payment requests | Elective |
| FNSACCT407A | Setup and operate computerized accounting system | Elective |
| FNSICORG516A | Prepare financial reports to meet statutory requirements | Elective |