Certificate IV in Accounting and Bookkeeping (FNS40217)
Course Information
Make your career goals a reality by getting the professional edge you need to excel in the accounting and financial services industry with this nationally recognised course.
What you will learn
This nationally recognised FNS40217 Certificate IV in Accounting and Bookkeeping online course has been developed against the Australian Quality Framework for accounting and bookkeeping. This course has been designed to be completed within 12-months. This online certificate course was designed in consultation with the industry so that you are equipped with the skills and knowledge the industry needs and wants.
In this online course, you will learn to complete Business Activity Statements (BAS); prepare financial reports, statements, budgets and reports; develop bookkeeping and payroll management systems for organisations and carry out tax and payroll operations according to Australian tax legislation. You will also learn about accounts payable and accounts receivable, administering subsidiary accounts and ledgers, as well as processing business tax requirements.
Why study this course?
- Graduate with a nationally recognised qualification
- Learn from and be supported by industry professionals with years of experience
- Learn at any time of the day, in the comforts of your own home or office
- This course meets the Tax Practitioners Board’s current educational requirements for registered BAS agents (additional eligibility criteria applies) – visit the TPB website for more information
- Whether you want to learn the required accounting skills and knowledge to register as a BAS agent, or undertake BAS responsibilities for your business, this online course can help equip you with the knowledge and skills you need
What is included in the course fees?
The course fee includes:
- Access to our state-of-the-art online portal with all of your learning material and assessments materials
- Access to a library of videos and study aids on AccountingCoach
- Free MYOB Student software*
- A specially developed Ultimate Study Planner
- Trainer support
* Available to online Australian students only.
Units
Accounting and bookkeeping industry foundations
FNSACC408 Work effectively in the accounting and bookkeeping industry
- Develop professional working relationships
- Identify compliance requirements and support materials
- Set up and maintain systems to meet compliance requirements
- Work autonomously or in a team to complete work activities
- Develop and maintain own competency
BSBSMB412 Introduce cloud computing into business operations
- Review computing needs in the business
- Investigate cloud computing services to meet business needs
- Develop a plan to introduce cloud computing
- Support implementation of the plan
Accounting and bookkeeping essentials
FNSACC312 Administer subsidiary accounts and ledgers
- Review accounts receivable requirements
- Identify bad and doubtful debts
- Review client compliance with terms and conditions and plan recovery action
- Prepare reports and file documentation
- Distribute creditor invoices for authorisation
- Remit payments to creditors
- Reconcile outstanding balances
FNSACC313 Perform financial calculations
- Obtain data and resources for financial calculations
- Select suitable calculation methods and carry out financial calculations
- Check calculations and record outcomes
FNSACC416 Set up and operate a computerised accounting system
- Implement integrated accounting system
- Process transactions in system
- Maintain system
- Produce reports
Budgets and reports
BSBFIA401 Prepare financial reports
- Maintan asset register
- Record general journal entries for balance day adjustments
- Prepare final general ledger accounts
- Prepare end of period financial reports
FNSACC311 Process financial transactions and extract interim reports
- Check and verify supporting documentation
- Prepare and process banking and petty cash documents
- Prepare and process payable and received invoices
- Prepare journals
- Update financial data and systems
- Prepare deposit facility and lodge flows
- Finalise trial balance and interim reports
FNSACC405 Maintain inventory records
- Process inventory purchase
- Record inventory flows
- Reconcile inventory records to general ledgers
- Prepare inventory schedules and ad hoc reports
FNSACC412 Prepare operational budgets
- Prepare budget
- Set budget timeframe
- Document budget
Payroll and tax essentials
FNSACC411 Process business tax requirements
- Maintain accounting records for taxation purposes
- Establish and maintain process for managing business tax returns
- Process business tax returns and lodgements
FNSACC414 Prepare financial statements for non-reporting entities
- Compile data required for preparing financial statements for non-reporting entities
- Prepare financial statements for non-reporting entities
FNSTPB401 Complete business activity and instalment activity statements
- Identify compliance and other requirements applicable to business activity
- Analyse and apply industry codes of conduct associated with work activities
- Review and apply goods and services tax (GST) implications and code transactions
- Report on payroll activities and amounts withheld
- Reconcile and prepare activity statement
- Lodge activity statement
FNSTPB402 Establish and maintain payroll systems
- Establish payroll requirements
- Record payroll data
- Prepare and process payroll
- Handle payroll enquiries
- Maintain payroll
Duration
You are able to learn at your own pace and have up to 12-months to complete this course. This is a self-paced, Trainer-supported method of online learning. We recommend you spend approximately 10-hours a week reading the course material and completing the assessment tasks given to ensure you complete the course within 12-months.
Please note. The above recommended study hours are indicative only. This time would be reduced if you have pre-existing knowledge and experience in taxation. Edna Training College is also able to support students who may require additional time. Should you require reasonable extensions to complete the training program, you simply have to reach out to our Student & Administration Support personnel who will be more than happy to assist!
Entry Requirements
There are no set entry requirements for this qualification.
Noting this, we require students who undertake this course to be:
- Be aged 18 years or over;
- Have suitable language, literacy, numeracy and technological skills to be able to carry out tasks such as to:
- Gather and analyse financial information and data from a range of sources to identify key aspects relevant to legislative and organisational requirements,
- Compile and reconcile data to ensure statements are accurate and comply with organisational procedures, statutory requirements and standard financial reporting principles,
- Accurately evaluate and monitor information in relation to financial performance of a business,
- Present information to a range of audiences using structure and language to suit the audience using appropriate industry terminology,
- Use a wide range of mathematical calculations to interpret and compare numerical information, and
- Utilise an online learning platform with ease – this involves being able to upload documents or videos onto the platform, navigate the platform looking for the unit content and assessments, access resources on the platform and communicate with others through the platform;
- Have access to a computer with Microsoft Office Word, Excel and PowerPoint installed; and PDF reader capabilities;
- Have access to a computer with a working web camera and microphone; and
- Have access to an internet connection.
Recognition Of Prior Learning
In accordance with the requirements of the Standards for Registered Training Organisations and the National Code, Edna Training College provides the opportunity for students to apply to have their prior learning and experience recognised towards an accredited qualification or units of competence for which they are enrolled in.
You may have obtained relevant skills and knowledge through prior formal training, workplace training or experience and may reduce the number of units or assessments required to be completed during the program. We will gather information about your prior experience and training history to determine the best pathway for you to achieve competency.
If you are interested in this course and believe you may qualify for course credit, come speak to one of our Student & Administration Support personnel today to find out how we can help you!
Assessments
We do not believe in our students just learning for the sake of passing their assessments. This is why the assessment structured for this course is conducted using a combination of realistic workplace simulated tasks, projects, written reports and knowledge tests – NO EXAMS! The following provides a brief explanation of the assessment methods that are to be applied:
Practical Tasks.
The student is required to demonstrate a range of skills whilst being observed by the assessor. This will usually require the student to consider carefully the situation presented, undertake some research to inform the response, and then demonstrate that they are able to complete the practical tasks through a role-play or presentation activity. The student may be asked to demonstrate a range of skills relevant to the workplace.
Project Work.
The student is required to undertake a range of projects in the context of his or her own workplace or on a case study that is provided by the assessor. A project will require the creation of various workplace documents (such as pay slips). Projects may have a practical component to it where the student may be asked to present or role-play the outcomes or findings of their project work.
Knowledge Tests.
The student is required to participate in knowledge tests over the course of his or her study. The student will be required to individually complete the test. The student may research their answers from the course training materials and notes as well as relevant workplace references.
Other Relevant Courses
Bachelor of Commerce (Accounting)
Master of Accounting and Law
Master of Professional Accounting
Certificate IV in Business Administration online
Diploma of Accounting online
Career Opportunities
A Certificate IV in Accounting and Bookkeeping can lead to a wide range of career opportunities across various industries, such as:
Bookkeeper
Responsible for entering financial information into a business’s accounting system, reconciling banking and accounts information, as well as providing accurate, up-to-date financial information about a business.
Payroll Officer
Responsible for processing payroll, tax calculations and deductions.
Accounts Administrator
Responsible for all accounting work relating to tax calculations, bookkeeping and invoicing.
Registered BAS Agent
Prepare and lodge BAS returns for businesses. (Important: There are other requirements that needs to be met aside from obtaining your Cert IV in Accounting and Bookkeeping as outlined by the TPB here)
Additional Course Information
Please read through our Student Handbook (link here) prior to enrolling into this course.
| Course Code | FNS40217 |
| Qualification name | Certificate IV in Accounting & Bookkeeping FNS40217 |
| Course duration | Maximum 12 months |
| Qualification level | Certificate IV |
| Course Price | $1,639* |
| Delivery method | Online |
| Recognition | Nationally Recognised |
What does a bookkeeper do?
Simply put, bookkeepers do all the financial record keeping you simply do not have the time, knowledge or the expertise to do compliantly. Bookkeepers have to ensure that they keep track of every cent that comes into and goes out of business. Their main tasks involve data entry, expense tracking, invoicing and issuing receipts, payroll, banking, compliance, and financial reporting.
A good bookkeeper is a tremendous asset to any business as not only would they have the knowledge and experience to accurately manage your business’s financial records, but they can also provide valuable insight into any financial matters concerning the business.
In Australia, bookkeepers are also often responsible for lodging a business’s activity statement if they are registered with the Tax Practitioners Board as a BAS Agent. A business activity statement is a crucial tax report that every business is legally required to lodge every month or every quarter, depending on the size of your business.
The bookkeeping industry in Australia
There are approximately 107,700 bookkeepers currently employed across Australia with the majority of bookkeepers working in Victoria, New South Wales, and Queensland. 92.5% of bookkeepers are female and 7.5% of them are male.
