FNS50422 Diploma of Payroll Services
STUDY METHOD:
Online
QUALIFICATION:
Nationally Recognised
START DATE:
Anytime
Course Overview
The FNS50422 Diploma of Payroll Services is an extensive and specialised qualification designed for individuals seeking expertise in the field of payroll management. This comprehensive program is ideally suited for payroll professionals, accountants, and bookkeepers who aim to deepen their understanding of payroll systems and enhance their skill set in this critical business function.
Over the course of this diploma, participants are immersed in a range of complex payroll topics.
The program includes detailed study of Australian payroll legislation, industrial regulations, and taxation requirements. Students gain a thorough understanding of the intricacies involved in managing payroll systems, ensuring accurate and compliant processing of employee payments.
Key areas of focus include understanding payroll and taxation law, managing superannuation, handling payroll for different types of employment contracts, and implementing effective payroll systems. The program also delves into advanced topics such as termination payments, employee benefits, and payroll-related reporting.
Beyond the technical aspects, the course emphasises the development of problem-solving skills and ethical considerations in payroll management. Students learn to navigate complex payroll scenarios, ensuring compliance with all legal and regulatory requirements.
Graduates of the FNS50422 Diploma of Payroll Services emerge as highly skilled payroll professionals. They possess the knowledge and practical skills required to manage complex payroll functions, provide expert advice, and contribute significantly to the financial integrity and efficiency of their organisations.
- Who is the FNS50422 Diploma of Payroll Services for?
This qualification reflects the job roles of workers who perform payroll administration and payroll management tasks in a variety of industries. It includes establishing payroll systems and using them to perform sometimes complex tasks, including preparing salary packaging arrangements and additional allowances, processing superannuation payments, and processing employee terminations. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources, including relevant legislation and taxation systems. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.
There are no specified entry requirements for this qualification specified within the Financial Services Training Package.
Noting this, ISM does require persons who undertake this course to:
- Be aged 18 years or over at the time of enrolment
- Have access to internet, office equipment, technology, software and consumables, integrated financial software systems, legislation and industry material
- Participate in an initial interview to evaluate language, literacy and numeracy skills and determine suitability for the course.
- Complete the Language, Literacy & Numeracy (LLN) Assessment
- Complete the Pre-course Evaluation Form (where required)
- Complete the Induction Program.
- Possess suitable language, literacy and numeracy skills to read and comprehend learning materials and perform tasks related to recording industry routines, maintaining computerised systems, providing written feedback to stakeholders, recording transactions and financial information, interpreting workplace policy and procedure, reporting hazards, and complying with legislation.
- What You’ll Learn
- Cognitive and communication skills to identify, analyse, synthesise and act on information from a range of sources
- Cognitive, technical and communication skills to analyse, plan, design and evaluate approaches to unpredictable problems and/or management requirements
- Specialist technical and creative skills to express ideas and perspectives
- Communication skills to transfer knowledge and specialised skills to others and demonstrate understanding of knowledge.
- Establish and maintain payroll systems
- Units Of Competency
| Unit Code | Unit Description | ||
|---|---|---|---|
BSBHRM526 | Manage payroll | ||
FNSINC411 | Conduct work according to professional practices in the financial services industry | ||
FNSPAY511 | Process salary packaging arrangements and additional allowances in payroll | ||
FNSPAY512 | Process superannuation payments in payroll | ||
FNSPAY513 | Process complex employee terminations in payroll | ||
FNSPAY514 | Interpret and apply knowledge of industrial regulations relevant to payroll | ||
FNSPAY515 | Interpret and apply knowledge of taxation systems relevant to payroll | ||
FNSTPB412 | Establish and maintain payroll systems | ||
FNSACC418 | Work effectively in the accounting and bookkeeping industry (Elective, Stream A) | ||
FNSACC426 | Set up and operate computerised accounting systems (Elective, Stream A) | ||
FNSTPB411 | Complete business activity and instalment activity statements (Elective, Stream A) | ||
BSBHRM528 | Coordinate remuneration and employee benefits (Elective, Stream B) | ||
BSBHRM529 | Coordinate separation and termination processes (Elective, Stream B) | ||
FNSTPB411 | Complete business activity and instalment activity statements (Elective, Stream B) | ||
** Units Of Competency electives may change from the above detail listed in this course based on different cohorts and customised programs for clients.
Click here for the course outline for FNSTPB411 Complete business activity and instalment activity statements.
Click here for the course outline for FNSTPB412 Establish and maintain payroll systems.
- Duration and Study Load
We recognise that each learner has their own pace and preferences, and thus, we offer a flexible duration for the program.
- 12-month part-time and 6-month full-time
- Payment Options
- Pay upon enrolment with Stripe
- Invoice Request
The option to pay up to 4x monthly payment instalments is available by invoice.
Participants are required to pay no more than $1,500.00 prior to the commencement of the course. The remaining fees will be due after commencement with the due date outlined on the invoice. For more information click here.
*This qualification is delivered in an online format by a third-party provider.
Why Study with ISM?
NO HIDDEN FEES
COMPLETION COACH
NO HIDDEN FEES
FREE ONE-ON-ONE TUITION
INDUSTRY LEADING QUALIFICATIONS
FAQ’s
All students are offered the opportunity to apply for Recognition of Prior Learning (RPL).
Recognition of Prior Learning is a form of assessment that acknowledges the skills and knowledge you already have. Such skills and knowledge may have been gained through: formal or informal training conducted by industry or education institutions; work experience; life experience.
The main principle underpinning RPL is that for competency-based training the focus should be on the outcomes of learning, rather than how, when or where the learning occurred. In order to grant RPL, the assessor must be confident that the candidate is currently competent against the endorsed industry or enterprise competency standards or outcomes specified in the Australian Qualifications Framework (AQF) accredited courses.
As a form of assessment, RPL uses a process known as competency-based assessment. Please ensure you read and understand how this works and how to have your skills and knowledge recognised.
An RPL Policy and Procedures document and RPL Kit is available if you feel you already hold the skills and knowledge of a particular competency and would like to apply for RPL.
The Policy and Procedures explain what RPL is, the benefits, forms and rules of evidence, the process and how to apply for RPL.
Complete our RPL eligibility form here.
Assessments for this course will be provided on your learner portal, which is accessible via Desktop, tablet or mobile.
These assessments vary depending on the unit within the qualification and can include the following:
- Quizzes
- Written tasks and/or case studies.
- Examination
- Verbal assessment, by way of an interview with your trainer
- Observation by a trainer
- Supervisor checklists
To find out more information about assessments and completion requirements, you can contact us here.
- Study anywhere, anytime
- User-friendly learning management system
- Course content and assessments are all online and available 24/7
- Accreditation ensures that our courses meet established industry needs
- Assessment are marked within 10 business days
- No classroom attendance, no travel expenses
- Trainer and administration support throughout
- Designated course coordinator with regular contact to help you keep motivated and on track
- Certificates are issued within 21 days of course completion
- No hidden fees
To enable completion of this qualification you will require an internet connection to access learning materials and assessments via ISM’s eLearning Portal.
All materials are online and can be accessed via the ISM e-learning portal.
Our system works best with the following browsers: Safari, Chrome, Firefox, and Internet Explorer 11.
Some assessments may require you to record using a device (such as a smartphone) and submit via our eLearning portal.
To find out more about assessments and completion requirements, you can contact us here.
After you have completed enrolment into your qualification or course, your enrolment will be processed by our team within one (1) business day.
Once your enrolment and payment has been processed you will receive an email with additional details on your learning, including log in details and instructions on how to access your program within our eLearning platform.
If payment has not yet been made, you may also receive additional payment information and an invoice or be contacted by one of our team to make payment arrangements. Please note that log in details to your qualification or course will only be provided once your initial payment has been received, unless prior arrangements have been made between ISM and your organisation.