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FNS40217 Certificate IV in Accounting and Bookkeeping

FNS40217 Certificate IV in Accounting and Bookkeeping

$1,295.00

FNS40217 Certificate IV in Accounting and Bookkeeping are for workers in the accounting industry. These may include BAS Agents, contract bookkeepers, employees performing bookkeeping tasks for organisations in a range of industries and those who need to prepare and lodge business and instalment activity statements, and provide advice or deal with the Commissioner on behalf of a taxpayer in relation to activity statements.

FNS40217 Certificate IV in Accounting and Bookkeeping are for workers in the accounting industry. These may include BAS Agents, contract bookkeepers, employees performing bookkeeping tasks for organisations in a range of industries and those who need to prepare and lodge business and instalment activity statements, and provide advice or deal with the Commissioner on behalf of a taxpayer in relation to activity statements.

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FNS40217 Certificate IV in Accounting and Bookkeeping

This qualification is aimed at those people who would like a career in the accounting or bookkeeping industry.

Online Course Enrolment

ABOUT THE COURSE

This qualification reflects the job roles of workers in the accounting industry. These may include:

  • BAS Agents
  • contract bookkeepers
  • employees performing bookkeeping tasks for organisations in a range of industries
  • those who need to prepare and lodge business and instalment activity statements, and provide advice or deal with the Commissioner on behalf of a taxpayer in relation to activity statements.

Individuals in these roles apply theoretical and specialist knowledge and skills to work autonomously and exercise judgement in completing routine and non-routine activities.

What will I Learn?

  • Prepare financial reports

  • Introduce cloud computing into business operations

  • Process financial transactions and extract interim reports

  • Administer subsidiary accounts and ledgers

  • Work effectively in the accounting and bookkeeping industry

  • Set up and operate a computerised accounting system

  • Complete business activity and instalment activity statements

  • Establish and maintain payroll systems

Licensing Information

Persons providing a business activity statement (BAS) service for a fee or other reward must be registered by the Tax Practitioners Board (TPB) and this qualification is currently cited as meeting the TPB education requirements for registration. Other conditions apply, including a designated period of experience. Persons seeking BAS agent registration should check current registration requirements with the TPB, as registration requirements are reviewed regularly.

How is the course presented?

There are 13 units of competency in this Program, 8 core units plus 5 elective units. These will be studied individually, as listed below.

Fees

The program is completed online for $2,750.00 (annual fee) *

* RPL price on application (pending number of units applying for RPL)

Entry requirements

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.

How is this course delivered?

You can complete this course online.

Duration

We understand that each learner has individual requirements and likes to study at their own pace. We would expect this course to take anywhere from 6 months to 1 year to complete. 

If you have any questions, please use the Contact Us form to the left or you can contact our friendly Admin Team on 02966 07221.

Course requirements

To achieve FNS40217 Certificate IV in Accounting and Bookkeeping, the participant will need to complete 13 units of competency as below:

  • 8 core  units
  • 5 elective units

Core units and electives

Please click on the drop downs below to view a description of each unit within this course.

Core Units

All core units are compulsory.

Code

Unit Name

What will I Learn?

FNSACC408  Work effectively in the accounting and bookkeeping industry
  • establish and maintain effective relationships with clients and colleagues
  • research and identify organisational policies and procedures relevant to own role
  • develop systems and guidelines for work procedures that comply with legislative requirements
  • analyse, evaluate and organise information required for own role
  • effectively plan work and contribute to team environment, taking into account constraints and available resources
  • identify and evaluate opportunities for own professional development.

BSBITU422

 

Use digital technologies to collaborate in the workplace
  • review business use of technology for collaboration and identify opportunities, priorities and risks associated with adopting new technologies, in accordance with organisational strategies
  • collect, analyse and present relevant information about digital applications
  • create and present a business case to appropriate personnel for adopting new collaborative digital technologies
  • develop and communicate a plan to implement new ways of working collaboratively using digital technologies.

FNSACC311 

Process financial transactions and extract interim reports
  • enter and balance deposits and payments
  • reconcile banking documentation and process and balance petty cash transactions
  • check and verify financial transaction supporting documentation
  • apply security and safety measures when preparing and banking receipts
  • prepare deposit facilities
  • enter data into financial systems and process general and special (cash and credit) journal entries, identifying and correcting errors
  • process special transactions
  • prepare and authorise journals and check journal processing interim reports
  • extract, check and correct a trial balance
  • file documentation according to organisational and regulatory requirements

 FNSACC312

 

Administer subsidiary accounts and ledgers
  • reconcile and monitor subsidiary accounts according to industry compliance requirements and organisational policies and procedures, including:
  • using required data entry and reporting systems to perform account and ledger administration activities
  • following organisational data validation and reconciliation processes and analysing outcomes of the reconciliation for required actions
  • identifying bad and doubtful debts in a timely manner
  • planning effective debt recovery actions.

 FNSACC416

 

Set up and operate a computerised accounting system
  • set up the chart of accounts for one organisation by modifying an established integrated financial software system
  • implement an integrated computerised accounting system, ensuring integrity of the data
  • process transactions in the integrated system, including:
    • BPAY
    • credit card payments
    • direct debit
    • invoices
    • petty cash
  • generate reports in the integrated system over at least two reporting periods, including:
    • goods and services tax (GST) accrual report
    • payroll report
    • bank reconciliation report
    • profit and loss statement
    • balance sheet
  • maintain computerised accounting system information securely.

BSBFIA401

 

Prepare financial reports
  • produce a detailed asset register and depreciation schedule
  • accurately record entries for balance day adjustments
  • prepare financial reports
  • trace and reconcile errors systematically or seek expert advice if required
  • apply double-entry principles
  • complete all tasks according to organisational policies and industry standards.

 FNSTPB401

 

Complete business activity and instalment activity statements
  • research, critically evaluate, and apply changes to current or new legislative or professional conduct requirements when preparing business activity statements (BAS)
  • identify financial transactions required to prepare activity statements and apply the principles and classifications of the goods and services tax (GST)
  • prepare both BAS and instalment activity statements (IAS) for a range of legal entities that comply with:
  • Australian taxation law, Australian Taxation Office (ATO) rulings, Tax Practitioner Board (TPB) requirements, and lodgement schedules
  • accounting principles and practices
  • organisational policy and procedures relating to business activity statements
  • present business activity statements for verification and approval.

 FNSTPB402

 

Establish and maintain payroll systems
  • identify, calculate and input data from time-recording systems for payments into manual or computerised payroll systems
  • produce a payroll report according to organisational and legislative requirements
  • present a payroll report for verification and approval
  • maintain records according to organisational and legislative requirements that relate to security and confidentiality of information.

Elective Units

Code

Unit Name

What will I Learn?

BSBITU306  Design and produce business documents
  • select appropriate technology and software for design and production of business documents
  • adhere to organisational requirements when:
    • selecting layout and style
    • opening and generating files
    • producing documents within designated timelines
    • naming and storing documents
    • printing and presenting documents
  • adhere to task requirements when producing documents including:
    • applying basic design principles
    • applying consistent formatting
    • using appropriate styles
    • using correct layouts
    • proofreading as required
  • use appropriate data storage options
  • apply knowledge of functions and features of contemporary computer applications
  • print and present completed documents.
BSBSMB402  Plan small business finances
  • explain break-even analysis
  • clarify costing for the business, including margin or mark-up, hourly charge-out rates and unit costs
  • summarise financial decision-making relevant to the business
  • outline methods and relative costs of obtaining finance
  • summarise principles for preparing balance sheets
  • provide a detailed explanation of:
    • principles for preparation of cash flow forecasts
    • principles for preparation of profit and loss statements
    • purpose of financial reports
  • explain relevant accounting terminology
  • describe working capital cycles.
FNSACC413  Make decisions in a legal context
  • access information on legislation, statutes, regulations, and legal precedents related to operational decisions
  • interpret impact of legislation, statutes, regulations and legal precedents on operational decisions regarding compliance requirements
  • review, and assist in developing, organisational procedures to meet compliance requirements.
BSBFIM502  Manage payroll
  • document steps undertaken to establish payroll system
  • use data and calculations to reconcile salaries, wages and deductions in accordance with all legislative and organisational requirements
  • create accurate payroll management records.
BSBHRM507  Manage separation or termination
  • create policies and procedures to manage all aspects of employment termination according to legislative and organisational requirements
  • communicate effectively with employees to ensure they are aware of their rights and responsibilities
  • ensure staff have an appropriate skill-sets to conduct terminations
  • use data from exit interviews to suggest organisational improvements.

Assessment information

Assessments for this course will be provided on your learner portal. There are a range of assessment which include quizzes, written tasks and/or case studies.

Technology Required

To enable completion of this qualification you will require an internet connection to access Learning Materials and Assessments via ISM’s eLearning Portal. Our system works best of the following browsers: Safari, Chrome, Firefox and Internet Explorer 11.

Some assessments may require you to record using a device (such as a smart phone) and submit via our eLearning portal.