The Groups
GROUP ONE WORKPLACE
BASICS covers two of the
industry core subjects, FNSICGEN304B - Apply health and
safety practices in the workplace and FNSICGEN302B - Use technology in the
workplace which are mandatory subjects for all
Financial Services qualifications at any level.
The nine units in
GROUP TWO ESTABLISH
AND MAINTAIN A BOOKKEEPING SYSTEM
are assessed as a single group cluster
thus enabling us to teach all of the units in as a
single subject. Consequently we do not have to duplicate
any of our training or assessments thus dramatically
reducing the teaching time in comparison with a TAFE
college which teaches one unit at a time.
The two units in
GROUP THREE PART ONE BOOKKEEPING POLICIES AND PRACTICES
and the three units in
GROUP THREE PART TWO END-OF-PERIOD FINANCIAL REPORTS & ACTIVITY
STATEMENTS are also assessed
as single group clusters.
In the past introductory accounting
concepts and principles have been taught using a manual
accounting system approach. The
Bookkeeping Institute of Australia
has adopted the view that it is more important for
students to learn to operate a computer accounting
system such as MYOB to perform these activities.
Consequently in addition to 12 days of lectures, students
will receive 4 days of extensive self-paced training
in MYOB before starting on the assessments.
The Activities
The 20 day BI-580: Start Your Own
Bookkeeping Business Program comprises of the following BIA
lectures & courses.
Group One WORKPLACE
BASICS
Day 1: Lecture #1 . . . Welcome &
Induction
Including a workshop on Apply health and safety
practices in the workplace
Day 2: Self paced training . . .
BI-210 Introduction to Computers in the Workplace
Group Two ESTABLISH
AND MAINTAIN A BOOKKEEPING SYSTEM
Days 3 & 4: Lecture #2 . . . G2 Part
1: Introduction to Bookkeeping & Accounting
This
is the foundation lecture for the course and covers the
History of Bookkeeping; Accounting Concepts and
Principles; Business Organisations; Accounting Entities;
Business Types; The Trading Cycle; Accounting Periods;
Balance Date; Source Documents; Groups of Accounts; The
Accounting Equation; Net Profit; The Rules of Debits &
Credits; Double Entry Bookkeeping; Accounting Systems;
Chart of Accounts; Accrual and Cash Accounting; GST; The
Profit & Loss Statement & The Balance Sheet and The Flow
of Information
Days 5 & 6: Self paced training . . .
BI-620 Ready to go with MYOB
On
this course you will learn how to create a new company
file in MYOB; deal with more complex invoicing matters;
enter customer and supplier details into MYOB's card
file; export MYOB data to Microsoft Excel 2003; make
purchases from suppliers; make sales to customers;
modify a chart of accounts to suit specific business
needs; pay for purchases that have been made from
suppliers; perform a bank reconciliation; perform end of
month operations in MYOB; produce a variety of business
related reports; record customer payments; set up a
petty cash operation in MYOB; setup inventory for a new
company file; track and monitor your credit cards;
verify, backup, & restore MYOB data files & write
cheques to make payments
Day 7: Lecture #3 . . . G2 Part
2: Setting-up and Maintaining a Bookkeeping System
Incorporating the Business Framework; Accounting
Framework; Chart of Accounts review; Capital structure;
Trading Stock; Accounts Receivable; Accounts Payable;
The Cashbook; Inventory; Payroll & Completing the
Accounting Cycle
Day 8: Self paced training . . .
BI-612 MYOB Accounting Plus - Payroll
On
this course you will learn how to setup MYOB Accounting
Plus for payroll; add employee payroll details in MYOB;
conduct a pay run; create and track employee
entitlements; pay employees electronically; display
payroll information and generate reports; finalise the
end of a pay year
Day 9: Self paced training . . .
BI-614 MYOB Accounting for GST/BAS
On
this course you will learn how to use the MYOB Banking
command centre; reconcile bank accounts; understand file
management and error correction; understand Cash and
Accrual accounting methods; use advanced sales and
purchases features & understand GST & BAS in depth
Day 10: Lecture #3 continued . . . G2 Part
2: Setting-up and Maintaining a Bookkeeping System
Group Three -
BOOKKEEPING POLICIES AND PRACTICES
Days 11 & 12: Lecture & Workshop #4 .
. . G3 Part
1: Bookkeeping Policies and Practices
Incorporating The Bookkeeping Industry; Section 251L of
the Income Tax Assessment Act; The Impact of Legislation
on the Bookkeeping Industry; Australia's Financial
Regulatory Framework; Professional Associations & Ethics
& Professional Codes of Conduct
Days 13 & 14: Lecture & Workshop #5
. . .
G3 Part 2: Working in the Bookkeeping
Industry
Incorporating Setting up an asset register; Complying
with organisational asset acquisition procedures;
Reconciling asset register and inventory records to the
general ledger; Recording inventory flows; Recognising
new assets and asset categories; Preparing schedules and
ad hoc reports; Recording the disposal of fixed assets;
Recording general journal entries for balance day
adjustments; Preparing final general ledger accounts &
end-of-period financial reports
Days 15 & 16: Lecture & Workshop #6 . . . G3
Part 3: End-of-Period Financial Reports & Activity
Statements
Incorporating Researching and
documenting Statutory, legislative and regulatory
requirements relating to Activity Statements;
Identifying Lodgment schedule requirements; Recognising
GST implications and coding transactions; Reporting on
payroll and other amounts withheld, pay as you go (PAYG)
installments and taxes & Completing, reconciling and
lodging the Activity Statement
Days 17-19: BI-730 QuickBooks in Daily
Use with Payroll .
. .
A 3 day course designed to giove you a
good understanding of QuickBooks
Day 20: Set up your own bookkeeping
business workshop .
. . Specific help with setting up your own
bookkeeping business
Incorporating Starting your Bookkeeping Business;
Business Failures; Business Name; Business Location;
Marketing your Bookkeeping Business; Key Services;
Charges; Duration; Debt Collection; Lead Generation;
Boosting Profitability; Operating your Bookkeeping
Business; Troubleshooting; MYOB Tricks and Traps; Impact
of External forces on the financial services industry;
the main sectors & the roles & responsibilities of the
participants in the financial services industry;
Developing a professional working relationship with
relevant parties; Carrying out research to identify
compliance requirements and support materials & the
Setting up and maintaining of appropriate systems to
meet compliance requirements
Please click here to Book this Course
More Details
Our two
day Introduction to Bookkeeping and Accounting
course covers the principles and theory of accounting,
including the Accounting Equation, Double Entry
Bookkeeping, the Chart of Accounts, Assets, Liabilities,
Owners Equity, Revenue and Expenses. There will be a
series of lectures together with class exercises to
reinforce the subjects covered. We have been running
this unique course for over 5 years now and have received
considerable praise from our students.
The
accounting text book provided (all text books are
included in the cost of the course) is specifically
written for bookkeepers.
Our 4
day MYOB Accounting Plus, Payroll, GST & BAS
course is a comprehensive MYOB course. It covers most of
the aspects of MYOB Accounting Plus, including Payroll,
GST & BAS, and combines the efforts of two different
authors thereby ensuring students are exposed to a wide
range of MYOB functions.
The two
day Setting-up and Maintaining a Bookkeeping System
and the two day Working in the Bookkeeping Industry
courses bring together the theory and practice of
bookkeeping in today's computer based world and prepares
the student for the assessment tests - which are in
themselves part of the learning experience.
The two
day Bookkeeping Policies and Practices course
brings together the application of principles of
professional practice in the financial services industry
(such as tax agents and professional accountants) with
the development and implement of policies and practices
relevant to bookkeeping activities.
The
course finishes with the two day End-of-period
Financial Reports & Activity Statements and covers
Preparation of
financial reports and completing Business Activity (BAS)
and Instalment Activity (IAS) Statement tasks using a scenario case study and Policy & Procedures Manual.
For the
practical assessment tests we have created a scenario
case study and have written a 38 page Policy &
Procedures Manual which the student will be required to
refer to for specific instructions on how that
particular business operates. The purpose of this
scenario and manual is, as far as possible, to simulate
an actual workplace experience in the classroom.
Students
will be required to first set up a company file, chart
of accounts, opening balances, customers, suppliers,
inventory items, tax codes and payroll records for this
entity in a computerised accounting system and then to
enter an entire months transactions comprising of
creditors invoices and payments of suppliers, sales
invoices, adjustment notes and banking, petty cash,
credit card and direct debit transactions,
reconciliations of bank accounts and subsidiary ledgers
and payroll transactions. End of period reporting, bad
debt and end of year processes will complete the
assessment.
All of
the processing of accounting transactions will be
conducted using MYOB. Accounting principles and concepts
including accounting entities, chart of accounts, the
accounting equation & double entry bookkeeping will be
covered and assessed. We will not be teaching manual
accounting procedures as we believe that the
introduction of GST and the requirement to report
transactions on the Business Activity Statement (BAS) on
a cash basis, as well as an accrual basis, have rendered
manual accounting almost redundant and it is far more
important that students have an extensive knowledge of
computerised accounting systems, such as MYOB and
QuickBooks.
As a
consequence our students will be competent in MYOB as
well as in basic bookkeeping and accounting principles.
Course Materials
The following learning materials are included in the course fee:
-
Textbooks specific
to:
-
Study Guides:
-
Workplace Basics
Study Guide and
PowerPoint slides
-
Introduction to
Bookkeeping & Accounting Study Guide, PowerPoint
slides and Exercise Book
-
Setting-up and
Maintaining a Bookkeeping System Study Guide and
PowerPoint slides
-
Working in the
Bookkeeping Industry Study Guide and PowerPoint
slides
-
Bookkeeping Policies and Practices
Study Guide and
PowerPoint slides
-
End-of-Period Financial Reports & Activity
Statements Study
Guide and PowerPoint slides
-
MYOB Student Edition
CD and
-
CD of self-paced
Exercises
-
Ready To Go with
MYOB course Manual
-
MYOB Payroll Manual
-
MYOB Intermediate GST &
BAS Manual
-
USB Flash Drive for
use in completing your assessments (this remains the
property of BIA and must be returned when all
assignments are complete)
-
Two great marketing books by
self-made multimillionaire and business development
expert, Brad Sugars
Course Convener
The
course is lead by our Principal, Dennis Turner, who has
successfully operated a contract bookkeeping business
since the introduction of GST into Australia in 2000.
including a year with a major Bookkeeping Franchise with
over 50 franchisees.
Dennis
has almost 20 years experience with GST and prior to
coming to Australia Dennis held the position of
Financial Controller for 5 years after owning his own
computer business for 10 years. He has held a variety of
accounting and IT management roles over the last 30+
years and is well qualified to run this course.
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