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 11 days of lectures,
students will receive 5 days of extensive self-paced
training in MYOB before starting on the assessments.
The
Assessments
The assessments are
designed to prove competency in the following
accredited units:
GROUP
ONE WORKPLACE BASICS
-
FNSICGEN304B - Apply
health and safety practices in the workplace
-
FNSICGEN302B - Use
technology in the workplace
GROUP
TWO ESTABLISH AND MAINTAIN A BOOKKEEPING SYSTEM
-
FNSICGEN301B -
Communicate in the workplace
-
FNSBKPG402A -
Establish and maintain a Cash Accounting System
-
FNSBKPG403A -
Establish and maintain an Accrual Accounting System
-
FNSACCT407B - Set up
and operate a computerised Accounting System
-
FNSBKPG405A -
Establish and maintain a payroll system
-
FNSACCT405B - Prepare
financial statements
GROUP THREE PART ONE BOOKKEEPING POLICIES AND
PRACTICES
-
FNSICIND401B -
Apply principles of professional practice to work in
the financial services industry
-
FNSBKPG401A - Develop and implement policies and
practices relevant to bookkeeping activities
GROUP THREE PART TWO END-OF-PERIOD FINANCIAL REPORTS
& ACTIVITY STATEMENTS
-
FNSACCT406B - Maintain asset and inventory records
-
BSBADM408A - Prepare financial reports
-
FNSBKPG404A - Carry out
Business Activity and Instalment Activity Statement
tasks
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The
Bookkeeping Institute of Australia
is a Registered Training Organisation (RTO), national
provider code is 32190, registered under the Australian
Quality Training Framework (AQTF). The
"Nationally Recognised Training"
logo above is proof that all of the units on this
course are nationally recognised as accredited training.
Suggested 25 week Distance Timetable
The
following timetable is based on a minimum of 10 hours
study per week which converts to 2 full days or 4 half
days a week based on a 5 hour course day.
|
Session
|
Days |
Hours |
Study &
Assessments |
|
1 |
1 |
5 |
Orientation
and Group 1
Lecture:
Workplace Basics based on the PowerPoint slides
and BIA Study Guide #1 |
|
2 |
2 |
10 |
Textbook
study:
Working in the Financial Services Industry
|
|
3 |
3 |
15 |
Assessment
Test #1
Apply Health & safety practices in the
Workplace |
|
4 |
2 |
10 |
Assessment
Test #2
Use Technology
in the Workplace |
|
5 |
4 |
20 |
Group 2 - Part
1 Lecture:
Introduction to Bookkeeping & Accounting based
on the PowerPoint slides and BIA Study Guide #2
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 |
|
6 & 7 |
4 |
20 |
Self-paced courses:
Ready To Go with
MYOB & MYOB Payroll
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. You will also 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 |
|
8 |
2 |
10 |
Group 2 - Part
2 Lecture:
Setting-up and Maintaining a Bookkeeping System
based on the PowerPoint slides and BIA Study
Guide #3
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 |
|
9 |
2 |
10 |
Self-paced
course:
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 |
|
10 |
2 |
10 |
Textbook
study:
Australian Master Bookkeepers
Guide (Section A) |
|
11 |
4 |
20 |
Assessment
Test #3
Group 2 Theory Questions |
|
12 |
5 |
25 |
Assessment
Test #4
Group 2 Practical Questions |
|
|
|
|
Exit if taking FNS30107 BIA Bookkeeping Certificate III in
Financial Services |
|
13 |
2 |
10 |
Group
3 - Part
1 Lecture:
Bookkeeping Policies And Practices based on the
PowerPoint slides and Study Guide #4
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 |
|
14 |
5 |
25 |
Assessment
Test #5
Group 3 Part 1 Theory Questions |
|
15 |
2 |
10 |
Group 3 - Part
2 Lecture:
End-Of-Period Financial Reports based on the
PowerPoint slides and BIA Study Guide #5
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 |
|
16 |
2 |
10 |
Textbook
study:
Australian Master Bookkeepers
Guide (Section B) |
|
17 |
3 |
15 |
Assessment
Test #6
Group 3 Part 2 Theory
& Practical Questions |
|
18 |
2 |
10 |
Group 3 - Part
2 Lecture:
Activity Statements
based on the
PowerPoint slides and BIA Study Guide #6
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 |
|
19 |
3 |
15 |
Assessment
Test #7
Group 3 Part 3 Theory
& Practical Questions |
|
Weeks
|
Days |
Hours |
Exit if taking FNS40207 BIA Certificate IV in
Financial Services (Bookkeeping) |
|
25 |
50 |
250 |
|
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 four years now and have received
considerable praise from our students.
The text
book provided (all text books are included in the cost
of the course) with the Introduction to Bookkeeping and
Accounting course not only covers these areas but also
includes a series of MYOB exercises that the student can
use as homework practice in addition to the self paced
courses.
Our 5
day MYOB Accounting Plus, Advanced Payroll, GST & BAS
course is a comprehensive MYOB course. It covers many 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 one
day Setting-up and Maintaining a Bookkeeping System
and 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
Maintaining asset and inventory records, Prepare
financial reports and completing Business Activity (BAS)
and Instalment Activity (IAS) Statement tasks using the
same 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:
Course Convener
Support
for this 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.
Click here
To
Book this course by Distance
|
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