Accounting Pathway Program

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