The Units

The Bookkeeping Institute of Australia have carefully chosen the units in this unique qualification to ensure that our graduates are competent to be employed in a bookkeeping and clerical accounting role.

Included in the delivery of this qualification is our all of the modules in our 4 day BI-640 MYOB Accounting Plus with Payroll, GST & BAS and our 2 day BI-560 Introduction to Bookkeeping and Accounting courses.

The Assessments

The assessments are designed to prove competency in the following accredited units:

GROUP ONE – WORKPLACE BASICS

1. FNSICGEN304A - Apply health and safety practices in the workplace

2. FNSICGEN302A - Use technology in the workplace

GROUP TWO – ESTABLISH AND MAINTAIN A BOOKKEEPING SYSTEM

1. FNSICGEN301B - Communicate in the workplace

2. FNSICIND301B - Work in the financial services industry

3. FNSIACC302B - Administer financial accounts

4. FNSIACC306B - Process journal entries

5. FNSICGEN305B - Maintain daily financial/business documents

6. FNSBKPG402A - Establish and maintain a Cash Accounting System

7. FNSBKPG403A - Establish and maintain an Accrual Accounting System

8. FNSACCT407B - Set up and operate a computerised Accounting System

9. BSBADM308A - Process Payroll

10. BSBADM310A - Maintain a general ledger

11. BSBCMN308A - Maintain financial records

The Groups

GROUP ONE – WORKPLACE BASICS covers two of the industry core subjects, FNSICGEN304A - Apply health and safety practices in the workplace and FNSICGEN302A - 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.

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 Activities

The 10 day FNS30107 Bookkeeping Certificate III in Financial Services 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

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.

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 month’s 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: