Certificate IV in Accounting and Bookkeeping - FNS40222

Type of institution: Registered Training Organisation
Level: Vocational Education and Training (VET)
CRICOS: 00103D

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 considerationsWork 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.

Subjects

• Process salary packaging arrangements and additional allowances in payroll
• Interpret and apply knowledge of taxation systems relevant to payroll
• Implement customer service strategies
• Design and produce complex spreadsheets
• Establish operational strategies and procedures for new business ventures
• Perform financial calculations
• Process superannuation payments in payroll
• Design and produce business documents
• Manage personal and professional development
• Prepare operational budgets
• Authorise valid expense payments
• Set up and operate computerised accounting systems
• Produce job costing information
• Work effectively in the accounting and bookkeeping industry
• Complete business activity and instalment activity statements
• Process business tax requirements
• Deliver and monitor a service to customers
• Design and produce spreadsheets
• Write simple documents
• Establish and maintain payroll systems
• Process complex employee terminations in payroll
• Plan finances for new business ventures
• Process financial transactions and extract interim reports
• Make decisions in a legal context
• Administer subsidiary accounts and ledgers
• Prepare financial forecasts and projections
• Prepare financial reports to meet statutory requirements
• Maintain inventory records
• Establish legal and risk management requirements of new business ventures
• Prepare financial statements for non-reporting entities
• Interpret and apply knowledge of industrial regulations relevant to payroll
• Prepare financial reports
• Use digital technologies to collaborate in a work environment

Study information

Graduate Certificate of Accounting

The Australian National University (ANU)

Bachelor of Commerce and Bachelor of Information Technology

Macquarie University

Graduate Diploma in Accounting

University of Canberra

Bachelor of Commerce

The University of Melbourne

Bachelor of Accounting

The Australian National University (ANU)

Graduate Diploma in Accounting

University of New England UNE