Type of institution: Other
Level: Vocational Education and Training (VET)

This qualification reflects accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers, and employees performing a range of accounting tasks for organisations in a range of industries. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.Licensing, legislative, regulatory or certification considerationsWork functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly.


  • Process salary packaging arrangements and additional allowances in payroll
  • Apply taxation requirements when providing tax (financial) advice services
  • Interpret and apply knowledge of taxation systems relevant to payroll
  • Design and produce complex spreadsheets
  • Lead effective workplace relationships
  • Prepare and administer tax documentation for legal entities
  • Process superannuation payments in payroll
  • Interpret and use financial statistics and tools
  • Apply legal principles in contract and consumer law
  • Apply legal principles in corporations and trust law
  • Apply economic principles to work in the financial services industry
  • Implement and maintain internal control procedures
  • Apply ethical frameworks and principles to make and act upon decisions
  • Establish and maintain accounting information systems
  • Process complex employee terminations in payroll
  • Provide management accounting information
  • Manage budgets and forecasts
  • Apply legal principles in commercial law when providing tax (financial) advice services
  • Evaluate business performance
  • Provide financial and business performance information
  • Process financial transactions and extract interim reports
  • Comply with financial services regulation and industry codes of practice
  • Apply legal principles in property law
  • Prepare tax documentation for individuals
  • Prepare financial forecasts and projections
  • Prepare financial reports for corporate entities
  • Prepare financial reports to meet statutory requirements
  • Interpret and apply knowledge of industrial regulations relevant to payroll
  • Identify and apply complex ethical decision making to workplace situations

Standard entry requirements

Prior to commencing this qualification an individual must have completed the following units of competency (or equivalent).FNSACC321 Process financial transactions and extract interim reportsFNSACC322 Administer subsidiary accounts and ledgersFNSACC418 Work effectively in the accounting and bookkeeping industryFNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).These competencies may have been achieved through completion of the following (or their equivalent):FNSSS00014 Accounting Principles Skill SetorFNS40222 Certificate IV in Accounting and Bookkeeping.

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