Certificate IV in Accounting and Bookkeeping - FNS40217

Type of institution: Registered Training Organisation
Level: Vocational Education and Training (VET)
CRICOS: 00181A

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 organisations 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.Licensing/Regulatory InformationWork functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on requirements.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.

Structure

• 13 units: 8 core
• 5 elective

Subjects

• Establish legal and risk management requirements of small business
• Write simple documents
• Manage personal work priorities and professional development
• Prepare operational budgets
• Implement customer service standards
• Administer subsidiary accounts and ledgers
• Process financial transactions and extract interim reports
• Prepare financial reports to meet statutory requirements
• Perform financial calculations
• Produce job costing information
• Process business tax requirements
• Process salary packaging arrangements and additional allowances in payroll
• Establish and maintain payroll systems
• Interpret and apply knowledge of taxation systems relevant to payroll
• Process complex employee terminations in payroll
• Process superannuation payments in payroll
• Plan small business finances
• Deliver and monitor a service to customers
• Develop and use complex spreadsheets
• Make decisions in a legal context
• Prepare financial forecasts and projections
• Introduce cloud computing into business operations
• Monitor and manage small business operations
• Design and produce business documents
• Maintain inventory records
• Evaluate and authorise payment requests
• Complete business activity and instalment activity statements
• Prepare financial statements for non-reporting entities
• Interpret and apply knowledge of industrial regulations relevant to payroll
• Set up and operate a computerised accounting system
• Work effectively in the accounting and bookkeeping industry
• Prepare financial reports

Study information

Further information

Individuals providing a business activity statement (BAS) service must be registered by the Tax Practitioners Board. Other conditions apply including a designated period of experience. Individuals seeking BAS agent registration should check current registration requirements with the Board as this is reviewed regularly.

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