Course Title: Set up and operate computerised accounting systems

Part A: Course Overview

Program: C4435 Certificate IV in Accounting and Bookkeeping

Course Title: Set up and operate computerised accounting systems

Portfolio: Vocational Education

Nominal Hours: 80

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities. 


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OFFC5365C

City Campus

TAFE

525T Business & Enterprise

Face-to-Face or Internet

 Term1 2024

Course Contact: Doug Gourlay

Course Contact Phone: +61 3 9925 5944

Course Contact Email: doug.gourlay@rmit.edu.au



Course Description

This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This involves processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.

The unit applies to individuals who, within the scope of own responsibility, use specialised knowledge, information technology, and planning and organising skills to establish and maintain an organisational system in service and trading environments.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None



National Competency Codes and Titles

National Element Code & Title:

FNSACC426 Set up and operate computerised accounting systems

Elements:

1. Implement integrated accounting system

2. Process transactions in system

3. Maintain system

4. Produce reports

Learning Outcomes


Overview of Assessment

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

  • set up and operate at least one computerised accounting system, ensuring the integrity of the data.

In the course of the above, the candidate must:

  • set up the chart of accounts for one organisation by modifying an established integrated financial software system
  • process at least three of the following transactions in the integrated system:
  • BPAY
  • credit card payments
  • direct debit
  • invoices
  • petty cash
  • balance day adjustments
  • generate each of the following reports in the integrated system over at least two reporting periods:
  • goods and services tax (GST) accrual report
  • reconciliation of subsidiary accounts, including customers, suppliers and inventory
  • bank reconciliation report
  • financial performance
  • financial position.

Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

  • key features of computerised accounting systems
  • methods to establish and maintain computerised accounting systems
  • methods for processing the following transactions in an integrated accounting system, including:
  • BPAY
  • credit card payments
  • direct debit
  • invoices
  • petty cash
  • balance day adjustments
  • features and functions of common reports relevant to operating accounting systems
  • organisational policies and procedures relating to setting up and operating a computerised accounting system
  • financial services industry legislation relating to information privacy when using computerised accounting systems
  • methods to substantiate financial transactions and record retention requirements for audit and substantiation purposes.

Assessment Conditions

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

  • technology and software required to operate a computerised accounting system, including:
  • integrated commercial financial software system and associated data
  • desktop-based and/or cloud-based computerised accounting system
  • access to the internet.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

 

Feedback

Feedback will be provided throughout the semester in class and/or online discussions.  You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.