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Certificate IV in Financial Services (Bookkeeping) - FNS40207 Recognition of Prior Learning (RPL)

BIA
BIA NRT

Recognition of Prior Learning is a process that recognises a student's current skills and experience regardless of where and when the learning occurred.
Students can base their application on any combination of formal or informal training and education, work experience or general like experience.
Evidence may include:

• Interview/professional conversation
• Observation and questioning including workplace visits
• Portfolio of work, which may include completed assessment items from previous study
• Supplementary assessment tasks or challenge test – oral, written or practical
• Assessment where no training is involved
• Trade test
• Authentication of evidence by supervisor or employer


Authentication/verification is integral to RPL assessment

EVIDENCE MUST BE:


Valid
Relates to the unit or units of competency appropriately
Reflects all four dimensions of competency
Provides evidence of Employability Skills
Appropriate to the Australian Qualifications Framework alignment being assessed.

Sufficient
Provides enough evidence to make a judgement about the competence of the individual in relation to all four dimensions of competency
Meets all the evidence requirement for the unit of competency

Current
Recent enough to show that the skills and knowledge are still able to be applied to a current work situation.

Authentic
Is the candidate’s own work (and procedures have been developed to ensure this).

Become an MYOB Approved Bookkeeper via a Cert IV in Financial Services (Bookkeeping) with ABC Business Solutions

Course Outline

RPL – Recognition of Prior Learning

Course name Certificate IV in Financial Services (Bookkeeping)
Price $2795.00 (payment plan available over 3 months)
Duration 12 months

“Recognition of prior learning, also referred to as RPL or recognition of current competencies, is the formal recognition of a person's current skills and knowledge, no matter how, when or where the learning occurred. Even if you have never formally studied or trained in a particular area, you may have gained knowledge and skills through your education, training, work and life experience.”
Source: DETA Qld, 2006

 

RPL Assessment Process

In order to recognise prior learning it is necessary to:

Compare the informal or non-formal learning the individual has achieved against the learning outcomes or performance criteria of the course or qualification for which the student is using as a basis for seeking entry or the award of credit, and

Determine appropriate evidence to support the claim of prior learning.
The processes used to assess RPL applications may take the following forms, which are not mutually exclusive:


1. Participation in exactly the same or modified versions of the assessment unit (i.e. recognition of a current competency);
2. Assessment based on a portfolio of evidence;
3. Direct observation of demonstration of skill or competence;
4. Reflective papers, journals or portfolios that relate past learning to the learning or competency outcomes of the current course or qualification;
5. Provision of examples of the student's work drawn from the workplace, social, community or other setting in which the student applies their learning, skill or competence;
6. Testimonials of learning, skill or competence; and combinations of any of the above

Phone the ABC office on 07 32072560 to discuss with Kerry Cameron


FNS40207 CERTIFICATE IV IN FINANCIAL SERVICE [BOOKKEEPING]
UNITS OF COMPETENCY – Overview

Code

Unit Description

Type of Unit

FNSICGEN304B

Apply health and safety practices in the workplace

CORE

FNSICGEN302B

Use technology in the workplace

CORE

FNSICGEN301B

Communicate in the workplace

CORE

FNSBKPG402A

Establish and maintain a Cash Accounting System

SECTORIAL

FNSBKPG403A

Establish and maintain an Accrual Accounting System

SECTORIAL

FNSACCT407B

Set up and operate a computerised accounting system [BSBCMN308A Maintain
Financial Records is required as a pre-requisite]

ELECTIVE

FNSICIND401B

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

CORE

FNSBKPG401A

Develop and implement policies and practices relevant to bookkeeping activities

SECTORIAL

FNSBKPG405A

Establish and maintain a payroll system

SECTORIAL

FNSACCT405B

Prepare financial statements

SECTORIAL

FNSACCT406B

Maintain asset and inventory records

SECTORIAL

BSBADM408A

Prepare financial reports

ELECTIVE

FNSBKPG404A

Carry out Business Activity and Instalment Activity Statement tasks

SECTORIAL


$4000 Government Training incentives per eligible employee

The Federal Government has allocated funding as an incentive for employers to participate in the Australian Apprenticeships and Traineeships schemes.

Employers can now receive up to $4000 (to cover the cost of courses) per eligible employee through the Australian Apprenticeship Scheme which now includes not only Trades but also traineeships which now allows people from almost any sector or industry to look at the funding initiatives.

ELIGIBILITY:

The rebate is available for employers who put their eligible staff through training with a Registered Training Organizations (RTO):-

EXISTING EMPLOYEES INCENTIVE:

Employed longer than 3 months full-time or 12 months part-time.

Employers are eligible for: Standard Commencement Incentive ($1,500) 3 months from commencement for Cert III or IV. Plus a Completion Incentive ($2,500), total $4,000 for Cert III or IV.

NEW EMPLOYEES INCENTIVE:

Employed less than 3 months full-time and 12 months part-time.

Employers are eligible for: Standard Commencement Incentive up to $1,500 3 months from commencement. Plus a Completion Incentive up to $2,500, total of up to $4,000.

You must also be:-

  • From Australia or New Zealand, or have Australian residence.
  • Must work an average of 15 hours per week.
  • Be older than 15, and not have done a Certificate III or IV or higher in the last seven years.

For further information please see this link: www.australianapprenticeships.gov.au

To register for this rebate you need to contact the "Australian Apprenticeship Centre" in your local area. You can find a list of these centre's at this link: http://www.australianapprenticeships.gov.au/search/aacsearch.as

ABC Business is conducting this course under contract for The Bookkeeping Institute of Australia (BIA).  BIA is a Registered Training Organisation (RTO) registered under the Australian Quality Training Framework (AQTF) by the Training & Employment Recognition Council of the Queensland Government (national code 32190).

 

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