FNS50422 Diploma of Payroll Services

VU Polytechnic delivers the electives listed in the ‘course structure and units’ below. These electives have been selected based on industry needs, graduate pathways and/or student and teacher feedback. Alternative suitable electives are only available via Recognition of Prior Learning (RPL) and Credit Transfer (CT).

• BSBHRM526 - Manage payroll

• FNSINC411 - Conduct work according to professional practices in the financial services industry

• Process salary packaging arrangements and additional allowances in payroll

  Unit code

  FNSPAY511

• Process superannuation payments in payroll

  Unit code

  FNSPAY512

• Process complex employee terminations in payroll

  Unit code

  FNSPAY513

• Interpret and apply knowledge of industrial regulations relevant to payroll

  Unit code

  FNSPAY514

• Interpret and apply knowledge of taxation systems relevant to payroll

  Unit code

  FNSPAY515

• Establish and maintain payroll systems

  Unit code

  FNSTPB412

• Process financial transactions and extract interim reports

  Unit code

  FNSACC321

• Administer subsidiary accounts and ledgers

  Unit code

  FNSACC322

• Complete business activity and instalment activity statements

  Unit code

  FNSTPB411

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 the relevant legislation and taxation systems. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.