FNS1 Prepare financial statements
This unit covers the competency to identify skills and outcomes with the development of financial reports for non-corporate organisations which are not reporting entities
FNS2 Maintain asset and inventory records
This unit covers the competencies needed to set up and use an asset register
FNS3 Develop and implement policies and practices relevant to bookkeeping activities
This unit describes the performance outcomes, skills and knowledge required to develop, implement and maintain policies and practices to ensure that a quality service is provided in relation to bookkeeping activities
FNS4 Establish and maintain a cash accounting system
This unit involves the process of both establishing and maintaining a cash accounting system for an organisation, or organisations. It relates to activities undertaken when an individual first carries out activities or services for an organisation, as well as maintaining cash accounts on an ongoing basis
FNS5 Establish and maintain an accrual accounting system
This unit requires the application of skills and knowledge to reconcile and monitor an accrual accounting system. The unit encompasses setting up accounting systems; establishing debtors and creditors, bad debt and contra entries; reconciliations; reviewing compliance terms and conditions; planning a recovery action and preparing reports; and filing of documentation
FNS6 Carry out business activity and instalment activity statement tasks
This unit describes the performance outcomes, skills and knowledge required to carry out tasks related to Business Activity Statements (BAS) and Instalment Activity Statements (IAS), including the completion of Activity Statements
FNS7 Communicate in the workplace
This unit covers the competency of written and oral communication in the work environment
FNS8 Use technology in the workplace
These units cover the competencies to effectively and effectively use technology and equipment in the workplace
FNS9 Apply principles of professional practice to work in the financial services industry
This unit covers the fundamental skills needed for employment and the application of industry and company procedures, guidelines, policies, and standards in a daily work context within the financial services industry
Bookkeeping I & II (Short Course Units)
Introduction to bookkeeping / bookkeeping principles
This course leads to the awarding of either a Certificate of Completion or Executive Diploma depending on which level you enrol at. The different levels are achieved by the amount of course content and assessments involved within each module at the basic (Certificate) and intermediate-advanced level (Executive Diploma). You will be able to learn about what the difference is between the three levels below:
- Short Course: represents the basics of the bookkeeping profession. Non award training.
- Certificate of Completion: represents a basic level of operational knowledge with general knowledge. Suitable for basic entry level positions.
- Executive Diploma: qualifications recognises the graduates capacity for initiative and judgment across a broad range of technical and management functions. Diploma holders typically have personal responsibility and autonomy (semi-independence) in performing technical operations or organising others in the workplace.
The average time within which students complete studies is:
- Short Course - 9 weeks,
- Certificate of Completion Level - 14 weeks,
- Executive Diploma Level - 24 weeks.
ICI courses allow you to study at your own pace with no assignment deadlines. This means that you determine the pace of the course and within which time period you will ultimately complete your studies in.
Completing your course with ICI is flexible as you can fast-track and graduate in a matter of months. You complete activities and submit assignments whenever you are ready.
The maximum time given to complete a program is three years.