Subject Code : | FNSINC401 | Country : | Australia |
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The Australian financial system is a complex configuration of relationships between individuals, households, businesses and governments who all come together at some point as spenders, savers, borrowers, lenders or investors. They meet in the financial marketplace and conduct their transactions via financial intermediaries. The financial system makes the transfer of funds and financial assets between savers and borrowers possible. As a professional in the financial services industry, it is essential for you to have a sound understanding of how the industry operates, where your organisation fits into the industry and how you can apply principles of professional practice in your everyday work.
The purpose of this module is to introduce the Australian financial system and in particular the roles played by financial institutions. It also introduces some of the key financial service professionals, which operate in the industry. Finally, it will provide an overview of how external forces impact our economy and your roles and responsibilities.
Objectives
The objectives for this module are:
Identify the scope, sectors and responsibilities of the industry
Identify and apply guidelines, procedures and legislation
Identify sustainability issues which impact on the financial services industry
Manage information
Participate and facilitate work team activities
Plan work to be completed in accordance with time, resources and other constraints
Develop and maintain personal competency.
Competencies
This module covers the following competencies:
FNSINC401 – Apply principles of professional practice to work in the
financial services industry.
FNSFMK505 – Comply with financial services legislation and industry
codes of practice
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