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FNS20120 Certificate II in Financial Services Certificate

FNS20120 Certificate II in Financial Services Certificate

Get Online Assignment Help on FNS20120 Certificate II in Financial Services Certificate


The need for education and educated youth for the development of society and the nation is the need of an hour. Students are keen and aware regarding the subjects they are interested in and wanted to pursue their career in the field, Finance is one such field that requires expertise and a lot of concentration. Students who wanted to pursue their careers in the subject of finance must study in depth the subjects that relate to finance. Before proceeding towards the details of the finance, let us first start with the basic introduction of the finance. It is the basic question that arises while one enters the course of studying finance. Finance relates to banking, debit, credit, investments. It is the management of money. It also focuses on the oversight, creation, and liabilities that make up the system of finance. The concepts of finance come from macro and microeconomics. There is a need for funding in every type of business, individual and government-based entities. Hence the term has major subcategories that are mentioned below.

  1. Personal finance: Analyzing the current financial position of an individual to form the strategies that can help an individual in the future. This is confined to a person; hence the strategies are made in accordance with the financial status of an individual. The savings for retirement, goals, yearnings, desires, requirements, etc are included in the strategies.
  2. Corporate finance: The finance that is needed to run a business is included in corporate finance. A large company that requires finance to raise the stocks is one such example where finance management can be used as a piece of powerful advice in the corporate business.
  3. Public finance: This is also called government finance. This includes tax, budgets, debt issuance policies, etc. Government has a separate department for managing the finance of the country. The management of the funding by taxes and other forms. The process of the distribution of income and economic stability are the part of finance.

Qualification required

The sector of finance is wide spread and has growing demand. With the increase in the industries and business. There is a growing need of people who can handle finances well. The learner who wanted to pursue higher studies in this course must have certain experience in this field. The learner must be good at analyzing, making judgments about certain topics, designing, technical things, and many more. A learner must be a good manager who should listen to his team members and work following them. It is his responsibility to take care of his members and safeguard their interests. They must be assertive and handle the pressure well. There should be mutual and fair communication between his team members and him.

Entry requirement

Though there are no requirements for entry in this course of certificate II in the financial services. But as per the demand of the sector, the person should be managed and updated to work in this field. It would be great if the learner already had some of the experience or knowledge in this sector. The field of interior requires patience a lot, thus there should be some of the skills that a learner must-have for the betterment.

Licensing required

There are no licensing required for the entry in this course. Though there are certain units in the course that requires licensing. For information regarding that a learner must consult to the FNS Implementation Guide Companion. The information regarding the licensing is easily available there and learner must have knowledge regarding few licensing requirements of this certificate course.

Course details

The course has 08 units that must be completed by the learner. Out of the 08 units, 04 are core units and the rest 04 are the elective units.

Core units


Elective units




For the elective units following information must be considered

  • 04 elective units must be selected from the elective list below.
  • 04 elective unit may be selected either from the list below or from elsewhere within this training package or imported from any other endorsed Training Package or accredited course, provided the selected units contribute to the vocational outcome of the qualification and do not duplicate content already covered

Unit code

Unit description


Contribution to health and safety


Working effectively with whole team


Using the business technology


Working effectively in the financial services

The details of the elective units are given below:

Unit code

Unit description


§ Development of a personal budget

§ using a personal budget


§ Development of the saving plan

§ Using of a savings plan


§ Development of the knowledge of debt

§ Knowledge of the consumer credit


Development of the knowledge of superannuation


§ knowledge of the Australian financial system

§ Knowledge of marketing in the Australia


knowledge of taxation


Providing the customer service in a retail agency


Balancing the retail transactions


Processing the customer accounts


Processing the customer transactions

Benefits of this course

There are additional benefits for the course:

  1. Understand the function of finance in the business.
  2. The rules and regulation of the Australian finance system
  3. Study financial mathematics to solve the problems.
  4. Critically analyze the problems related to the business.
  5. Understand the financial risk and the ways to overcome such risks.

There are many benefits and training that are given to the learners. The government is also approving this course and many scholarships are provided to the learner from the government’s side. There are many benefits of doing this course. Many people are getting salary hikes from the course. There are many benefits offered to the learners. Many incentives and training are provided to the learners. Scholarships are also awarded. The government also provides loans to students who are not able to afford this course. The course of finance is for students that have immense interest in this process. The students know the needs and demands of consumers. Many universities offer diplomas in this field. Students can pursue diploma courses in this field. And if a student wanted to pursue higher studies in the same field then the course of advanced diploma in certificate for finance is for them. There is a training program developed for the people who wanted to take their career at an advanced level from this course. There are many programs designed for the advanced level in this course.

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