FNS40222 Certificate IV in Accounting and Bookkeeping

Program Details:

Qualification Code & Name: FNS40222 Certificate IV in Accounting and Bookkeeping

Qualification Description:

This qualification reflects the role of individuals in the accounting and bookkeeping industry, including business activity statement (BAS) agents and contract bookkeepers; and of those employees performing bookkeeping tasks for organisations in a range of industries. It includes preparing and lodging business and instalment activity statements, data processing, monthly reconciliations, preparing budgets, preparing reports on financial performance and the position of the business, preparing end-of-year adjustments, and finalising financial records after year-end. Dealing with the Commissioner of Taxation on behalf of a taxpayer in relation to activity statements and other lodgement matters is also a key component of the role that this qualification reflects. Individuals in these roles apply theoretical and specialist skills and knowledge to work autonomously, and exercise judgement in completing routine and non-routine activities.

Licensing, legislative, regulatory or certification considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.

Persons providing a 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 as a BAS agent. Other requirements 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.

Qualification Requirements: Total number of units = 13

• 10 core units, plus
• 3 elective units

Delivery Mode/s:

Zoom online-based face to Face blended learning -online (Moodle) Check the timetable with student services.

Units of Competency:

Core Units:

BSBTEC302 Design and produce spreadsheets

FNSACC321 Process financial transactions and extract interim reports

FNSACC322 Administer subsidiary accounts and ledgers

FNSACC412 Prepare operational budgets

FNSACC414 Prepare financial statements for non-reporting entities

FNSACC418 Work effectively in the accounting and bookkeeping industry

FNSACC421 Prepare financial reports

FNSACC426 Set up and operate computerised accounting systems

FNSTPB411 Complete business activity and instalment activity statements

FNSTPB412 Establish and maintain payroll systems

Elective Units

BSBESB402 Establish legal and risk management requirements of new business ventures

BSBESB403 Plan finances for new business ventures

BSBESB406 Establish operational strategies and procedures for new business ventures

Entry Requirements: No entry requirements for this qualification.

Pathways:

You may articulate into the Diploma of Accounting FNS50222 and even onto the Bachelor of Accounting.

Career Opportunities:

Careers in accounting are international and cross-industry. Opening your own accounting practice, working for a multinational, or somewhere in between, this qualification provides the essential fundamental building block to your career in the diverse world of accounting.