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Accounting Pathway Program

Provided by Open Colleges

Course Overview

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The unique Open Colleges Accounting Pathway Program allows you to progress through three nationally recognised courses.

  • Certificate IV in Accounting
  • Diploma of Accounting (general stream or tax stream)
  • Advanced Diploma of Accounting (general stream or managerial accounting stream or tax stream)

You can learn everything you need about accounting in the course - no accounting background is necessary.

On successful completion of the Certificate IV in Accounting course you can decide to start your new career or work as a Bookkeeper or Accounts Clerk. Continue your online study to qualify for senior accounting roles.

Studying this program is a more cost effective alternative to studying all three qualifications.

The Accounting Pathway Program meets the Tax Practitioners Board (TPB) education requirements for registered BAS (Business Activity Statements) Agents as well as granting you an Affiliate membership with the Tax Institute.

Course Quick Look

Awarded By:
Open Colleges
Qualification:
Diploma
Study Mode:
Online
Duration:
Maximum 48 months
Nationally Recognised:
YES

Subjects

Process financial transactions and extract interim reports

  • Check and verify supporting documentation
  • Prepare and process banking and petty cash documents
  • Prepare and process invoices for payment to creditors and for debtors
  • Prepare journals and batch monetary items
  • Post journals to ledger
  • Enter data into system
  • Prepare deposit facility and lodge flows
  • Extract a trial balance and interim reports

Administer subsidiary accounts and ledgers

  • Review accounts receivable process
  • Identify bad and doubtful debts
  • Review compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditors invoices for authorisation
  • Remit payments to creditors
  • Prepare accounts paid report and reconcile balances outstanding

Prepare financial reports

  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports

Prepare financial statements for non-reporting entities

  • Compile data
  • Prepare reports

Set up and operate a computerised accounting system

  • Implement an integrated accounting system
  • Process transactions within the system
  • Maintain the system
  • Produce reports
  • Ensure system integrity

Establish and maintain a payroll system

  • Establish payroll requirements
  • Record payroll data
  • Prepare and process payroll
  • Handle payroll enquiries
  • Maintain payroll

Carry out business activity and instalment activity statement tasks

  • Identify individual compliance and other requirements
  • Recognise and apply GST implications and code transactions
  • Report on payroll activities
  • Report on other amounts withheld, Pay As You Go (PAYG) instalments and taxes
  • Complete and reconcile the Activity Statement
  • Lodge Activity Statement

Apply principles of professional practice to work in the financial services industry

  • Identify the scope, sectors and responsibilities of the industry
  • Identify and apply financial services industry guidelines, procedures and legislation
  • Identify sustainability issues for the financial services industry
  • Manage information
  • Participate in and facilitate work team activities
  • Plan work to be completed taking into consideration time, resources and other constraints
  • Develop and maintain personal competency

Design and produce business documents

  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document

Prepare operational budgets

  • Prepare budget
  • Set budget timeframe
  • Document budget

Develop and use complex spreadsheets

  • Prepare to develop spreadsheet
  • Develop a linked spreadsheet solution
  • Automate and standardise spreadsheet operation
  • Use spreadsheets
  • Represent numerical data in graphic form

Provide financial and business performance information

  • Assess client needs
  • Analyse data
  • Prepare advice

Prepare tax documentation for individuals

  • Gather client data and verify client, organisational and legislative requirements
  • Identify, record and present client's tax documentation
  • Lodge tax documentation

Provide management accounting information

  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity

Prepare financial reports for corporate entities

  • Compile data
  • Prepare reports

Apply economic principles to work in the financial services industry

  • Identify economic principles and theories related to financial services functions and tasks
  • Evaluate economic aspects that apply to decision making
  • Review own work
  • Maintain a personal understanding of economic policies

Interpret and use financial statistics and tools

  • Apply statistical methods to work
  • Source and interpret statistical data
  • Analyse data using appropriate techniques and tools
  • Record statistical data analysis results and records

Establish and maintain accounting information systems

  • Identify and record system requirements
  • Evaluate alternative systems
  • Evaluate acceptance test system
  • Prepare system documentation
  • Implement reporting systems and records
  • Monitor reporting systems
  • Review reporting procedures

Implement and maintain internal control procedures

  • Review corporate governance requirements
  • Implement operating procedures
  • Monitor policy

Provide management accounting information

  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity

Prepare financial reports for corporate entities

  • Compile data
  • Prepare reports

Apply legal principles in contract and consumer law

  • Research legal aspects of contract and consumer law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of contract and consumer laws to client circumstances
  • Maintain legal knowledge

Apply legal principles in corporations and trusts law

  • Research legal aspects of corporations and trust law relevant to client's circumstances
  • Analyse issues and risks associated with operation of a business
  • Apply knowledge of law to business structures
  • Maintain legal knowledge

Apply legal principles in property law

  • Research legal aspects of property law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of property laws to client circumstances
  • Maintain legal knowledge

Implement and maintain internal control procedures

  • Review corporate governance requirements
  • Implement operating procedures
  • Monitor policy

Monitor corporate governance activities

  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance

Apply economic principles to work in the financial services industry

  • Identify economic principles and theories related to financial services functions and tasks
  • Evaluate economic aspects that apply to decision making
  • Review own work
  • Maintain a personal understanding of economic policies

Interpret and use financial statistics and tools

  • Apply statistical methods to work
  • Source and interpret statistical data
  • Analyse data using appropriate techniques and tools
  • Record statistical data analysis results and records

Monitor corporate governance activities

  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance

Develop and manage financial systems

  • Establish financial system requirements
  • Design financial management systems
  • Prepare and review financial plans
  • Monitor and review financial reporting systems

Implement tax plans and evaluate tax compliance

  • Assess legal entity's tax obligations
  • Develop tax plans
  • Evaluate and advise on tax plan

Monitor corporate governance activities

  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance

Payment Options

Flexible