FNS50422 Diploma of Payroll Services
STUDY METHOD:
Online
QUALIFICATION:
Nationally Recognised
START DATE:
Anytime
Course Overview
FNS50422 Diploma of Payroll Services
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.
Why study the FNS50422 Diploma of Payroll Services?
Over the course of this diploma, participants are immersed in a range of complex payroll topics, including a detailed study of Australian payroll legislation, industrial regulations, and taxation requirements, gaining a thorough understanding of the intricacies involved in managing payroll systems and ensuring accurate and compliant processing of employee payments. Beyond the technical aspects, the course emphasises the development of problem-solving skills and ethical considerations in payroll management, teaching students to navigate complex payroll scenarios while ensuring compliance with all legal and regulatory requirements.
Graduates emerge as highly skilled payroll professionals who 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, perform tasks related to recording industry routines, maintain computerised systems, provide written feedback to stakeholders, record transactions and financial information, interpret workplace policy and procedure, report hazards, comply 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 and B) | ||
BSBHRM528 | Coordinate remuneration and employee benefits (Elective, Stream B) | ||
BSBHRM529 | Coordinate separation and termination processes (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
- Invoice Request (Via PayPal, pay in 4 option)
Participants are required to pay no more than $1,500.00 before 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.
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FAQ’s
All students can apply for Recognition of Prior Learning (RPL) !
RPL acknowledges the skills and knowledge you already have. You may have gained these through:
Formal or informal training from industry or educational institutions.
Work experience.
Life experience.
How RPL Works
RPL focuses on learning outcomes rather than how, when, or where learning occurred. Assessors grant RPL when candidates meet current industry standards or AQF outcomes.
RPL uses competency-based assessment. Review the process to understand how to have your skills and knowledge recognised.
Applying for RPL
We provide an RPL Policy and Procedures document and an RPL Kit for eligible candidates. These documents explain:
What RPL entails.
The benefits.
Forms and rules of evidence.
The application process.
Click here for more information.
Assessments are available via your learning portal through your desktop, tablet or mobile.
They vary depending on the units and may 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.
For more information, contact us here.
Study on your terms!
Access course content and assessments online, 24/7. Study anywhere, anytime through our user-friendly learning platform. Skip classroom attendance and travel expenses.
What you get:
Accredited courses that meet industry standards.
Trainer and administration support throughout.
Designated course coordinator for motivation and guidance.
Assessments marked within 10 business days.
Certificates issued within 21 days of completion.
Transparent pricing with no hidden fees.
Technical Requirements: You need an internet connection to complete this qualification. Access all learning materials and assessments through ISM’s eLearning Portal.
Recommended Browsers: Safari, Chrome, Firefox, or Internet Explorer 11.
Assessment Submissions: Some assessments are video or audio-based. Record your answers using smartphones or similar devices, then submit via the eLearning portal.
Contact us to learn more about assessments and completion requirements here.
We process enrolments within 1 business day. Once processed with payment, you will receive an email with your login details and instructions to access the eLearning platform. In some cases, program access may take up to 2 or 3 business days.
(Note that access is only given once the initial payment is complete, unless prior arrangements exist between ISM and your organisation.)
If payment is outstanding, we will send an invoice and contact you to arrange payment.
For more information, contact us here.