FNS40222 – Certificate IV in Accounting and Bookkeeping

Qualification Description

This qualification reflects the job roles of workers in the accounting industry, including BAS Agents and contract bookkeepers; and of those employees performing bookkeeping tasks for organizations in a range of industries. It includes preparing and lodging business and instalment activity statements and providing advice or dealing 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.

Outcomes

Potential Careers

Careers and titles vary across different industry sectors. Possible job titles relevant to this qualification include:

  • Accounts Officer
  • Accounts Supervisor
  • Bookkeeper
  • Accounts Payable/Receivable Officer

Practical Skills

The course will use theory, case studies, practical demonstrations/role plays and mini-projects to enable you to develop practical skills you can apply in your workplace, including, how to:

  • Prepare and process routine financial documents
  • Prepare non-complex income tax returns
  • Record general journal adjustment entries
  • Prepare end of period financial reports
  • Analyse and report on a broad range of financial and business performance information
  • Prepare non-complex income tax returns
  • Prepare, document and manage budgets and forecasts
  • Prepare financial reports for a reporting entity
  • Review corporate governance requirements
  • Gather, record and analyse operating cost data
  • Apply broad principles of financial economics that underpin business functions

Mode of Delivery

Face to Face

75% Face to Face Training
Trainer led sessions with in-class experiential activities

Online

25% Online Training
Moodle Based Assessment Tasks

Location

Level 2, 1-3 Fitzwilliam Street, PARRAMATTA NSW 2150
Level 3, 531 George Street, SYDNEY NSW 2000

Course Duration

The program for FNS40222 – Certificate IV in Accounting and Bookkeeping is delivered over 52 weeks with actual student contact hours being 20 hours per week for 40 weeks. It has been divided in to 4 terms of 10 weeks each with 12 weeks of holidays.

Who Should Undertake This Qualification

Providing you with practical training in the specialised knowledge of the accounting discipline, this qualification would be valuable for employees who currently need to perform accounting duties such as introducing and maintaining accounting systems, reporting on business performance and preparing financial statements. It’s also designed to provide a comprehensive skill set those who are seeking a new career in the field of accounting.

ℹ️ Information

Whether you are looking to enter the accounting workforce immediately or pursue further study, this program is your passport to manage accounting information and systems, budgeting, creating forecasts, financial reports and individual tax returns. Want to unlock of a whole new world of career opportunities? Certificate IV in Accounting and Bookkeeping is your ticket.

Course Requirements

General Requirements

  • Students must be over 18 years of age
  • A fully completed Australian AQF Level 4 qualification or High School Certificate qualification or equivalent; or overseas qualifications in Higher Education.
  • Sufficient language, literacy and numeracy skills to complete the course
  • Students whose first language is not English, must provide proof of English language competency by providing one of the below:
    ✓ A current IELTS score of 5.5 total or above with no band lower than 5.0;
    ✓ Proof of completion of an Australian qualification in English language that is of one year or longer duration;
    ✓ Successful completion of an approved English of Academic Purposes courses meeting IELTS 5.5 equivalent requirements;
    ✓ Successful score of Upper Intermediate Level of completion of the School’s English Language Placement Test.

Basic Computer Skills:

  • Knowledge of common computing terms and word processing
  • Proficiency with web browser software and sending/receiving e-mail including e-mail with attachment.
  • Familiarity with navigating the Internet
  • Familiarity with using Microsoft Office

Entry requirements will be checked at enrolment in line with the Southern Cross School of Business Student Selection and Enrolment Policy and Procedures.

Language, Literacy and Numeracy

Each student must complete the Language, Literacy and Numeracy (LLN) Indicator Tool. This LLN evaluation will assist Southern Cross School of Business in identifying each learner’s needs and appropriate support to be offered if and when required.

Unique Student Identifier

Each student must provide their USI (Unique Student Identifier) before they are to commence their studies. If you do not have a USI, you can create one at: https://www.usi.gov.au/students/create-your-usi

Assessment Overview

Each unit comprises of assessment tasks such as written questions, case studies and practical assessments must be completed in full before being submitted for marking. Assessments for qualifications are competency based, which means students are assessed against the unit of competency (unit) requirements.

Assessment marking system:

  • Competent (C) result: the student’s submitted work satisfies the learning requirements and all competency standards for the unit in accordance with the National Register https://training.gov.au/
  • Not Yet Competent (NYC) result: the student’s submitted work does not demonstrate their understanding of all competency standards in the unit. If a student receives a ‘Not Yet Competent’ outcome, he or she will receive written feedback from a trainer/assessor, clearly outlining where the gaps are. The student will then be required to rectify these gaps and re-submit their assessment for marking.
Once a student receives a satisfactory result for all required assessment tasks a competent (C) outcome will be awarded for the entire unit. The student must demonstrate their understanding of all competency standards in each unit before receiving a competent outcome.
Students have three (3) attempts to demonstrate competency, otherwise a unit re-enrolment fee applies (please see fee schedule contained in the Student Handbook).

Learner Resources

Southern Cross School of Business will provide its students with access to a wide range of learning resources. Some of those resources have been developed in-house whereas some other resources have been purchased from reputable resource providers available in the market. The resources available to students are in the form of Power point slides on each unit, Learner’s Guide or Student Workbook, access to ‘Handout’ folders in the Student online portal, which will contain handouts under each of the unit’s assessment resources. All students will be given the opportunity to obtain the soft copies of available resources, should they desire.

There are general use computers available at the campus. However, for ease of access, the School encourages students to bring their own laptop / media pads to the school for added convenience.

The following units of competency are required for the completion of this course.
Total number of units = 13

  • 10 Core Units
  • 3 Elective Units

Core Units

Learning Content

FNSACC421

Prepare financial reports

In this unit students will gain skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSACC412

Prepare operational budgets

In this unit students will gain skills and knowledge required to record and prepare payroll documentation and answer payroll queries and process payroll for manual and computerised systems. Implement organisational policy and procedures, and legal and regulatory requirements.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSACC321

Process financial transactions and extract interim reports

In this unit students will gain skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journal entries to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSACC322

Administer subsidiary accounts and Ledgers

In this unit students will gain skills and knowledge required to reconcile and monitor subsidiary accounts in financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, record creditor invoices, and remit payments to sundry creditors.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSACC418

Work effectively in the accounting and bookkeeping industry

In this unit students will gain skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSACC426

Set up and operate a computerised accounting system

In this unit students will gain skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSTPB411

Complete business activity and instalment activity statements

In this unit students will gain skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

BSBTEC302

Design and produce spreadsheets

In this unit students will gain skills and knowledge required to identify task purpose and audience. Select the most appropriate application to produce spreadsheet, according to available resources and organisational policies and procedures. Design spreadsheet design to suit purpose, audience and information requirements of task and format spreadsheet using application
functions, according to organisational policies and procedures and presentation requirements.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSACC414

Prepare financial statements for non-reporting entities

In this unit students will gain skills and knowledge required to gather data and create the financial statements. Verify the internal and external financial data to confirm accuracy. Review the statements for errors and compliance with accounting standards and organisational procedures.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSTPB412

Establish and maintain payroll systems

In this unit students will gain skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for manual and computerised systems.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

Elective Units

Learning Content

BSBPEF501

Manage personal and professional development

In this unit students will gain skills and knowledge required to manage personal work priorities and professional development. Use business technology to create and use systems and processes to organise and prioritise tasks and commitments and measure and maintain personal work performance including assessing competency against competency standards and seeking feedback. Maintain an appropriate work-life balance to manage personal health and stress and participate in networks.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

BSBCRT512

Originate and develop concepts-We have it in the Inventory

In this unit students will gain skills and knowledge required to select issue to be explored in consultation with relevant personnel and assess possible solutions to business issue and identify restrictions according to job role and organisational policy. Brainstorm ideas for addressing issue and evaluate ideas against identified factors affecting viability.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

BSBTEC404

Use digital technologies to collaborate in a work environment

In this unit students will gain the skills and knowledge required to identify current collaborative ways of working. Assess performance of current collaborative ways of working against organisational strategies and objectives. Identify available digital technologies by accessing relevant sources of information. Identify opportunities and priorities for digital technology in
collaborative work and implement digital technologies according to plan and organisational requirements, policies and procedures.

A variety of assessment tools are used such as case studies, projects, theoretical questions and applied questions.

For more information about this course, please visit https://training.gov.au/Training/Details/FNS40222