Certificate IV in Accounting and Bookkeeping

FNS40222 Certificate IV in Accounting and Bookkeeping is assessed under the Principles of Competency-based training, students have to demonstrate their ability to do all activities in each Unit of Competency. There are 13 Units of Competency in this course.

• FNSACC323 Perform financial calculations
• BSBTEC302 Design and produce spreadsheets & BSBTEC402 Design and produce complex spreadsheets
• FNSACC426 Set up and operate a computerised accounting system
• FNSACC321 Process financial transactions and extract interim reports
• FNSACC418 Work effectively in the accounting and bookkeeping industry
• FNSACC405 Maintain inventory records
• FNSTPB412 Establish and maintain payroll systems*
• FNSTPB411 Complete business activity and instalment activity statements*
• FNSACC421 Prepare financial reports
• FNSACC414 Prepare financial statements for non-reporting entities
• FNSACC412 Prepare operational budgets
• FNSACC322 Administer subsidiary accounts and ledgers

*part of the FNSSS00004 BAS Agent Registration Skill Set

(Release status: Current)

Xero Demo Company is included with the course. Xero is used to complete unit FNSACC426, FNSACC322 and FNSTPB411.

MYOB Student Edition is included with this course, plus free online MYOB training. MYOB is used to complete units FNSACC321, FNSACC405 and FNSACC414.

FNSTPB412 has course material and assessments in both Xero and MYOB. Students can choose which accounting software they would like to use to complete this unit.

On successful completion, you will be awarded the FNS40222 Certificate IV in Accounting and Bookkeeping which meets the education requirements to become a BAS Agent.

Course Fees and Payment Plans

We understand not everyone has the financial resources upfront to invest in training, so we offer a 6-month payment plan to get you moving faster towards your future for the Cert IV in Accounting and Bookkeeping course

• An administration fee of $100 is added for this option
• All you need is a valid credit or debit card
• Pay a $250 deposit at commencement of course
• Remainder to be paid over six equal monthly instalments

Concessions on Courses

Concession pricing is available for eligible students as per the Student Handbook. Proof of concession must be provided at the time of enrolment; please contact us to apply for a concession rate when enrolling.

Refund Policy

Refer to the Student Handbook for our refund policy. This course includes a non-refundable administration fee of $250.

Online Self Paced

You will have up to 12 months to complete FNS40222 Certificate IV in Accounting and Bookkeeping.

As an online course, the time it will take to complete is flexible and dependent on your ability, knowledge and time available.

It is expected that students may need up to 990* hours of study and assessment time, particularly those who are new to accounting and bookkeeping, students familiar with the learning concepts may complete the course faster. It is important that you choose a pace that suits your needs.

*Does not take into account credit transfers.

Digital course training manuals (non-printable and non-editable) for the Certificate IV in Accounting and Bookkeeping are included as part of the course at no additional cost.

The course content is accessed via our online student portal with extra learning materials, case studies, practice exercises, recorded lectures and video tutorials covering key learning concepts.

If required, hard copy manuals can be purchased at additional cost of $249 incl postage. Except for units FNSACC426, FNSTPB411 and FNSACC421 which are purchased separately (approx. $220 ex postage) from an external publisher, full details are provided on enrolment.

Overview

Your learning journey is about becoming "competent" in the subject matter. Our in-house course writers and assessment team have accounting and bookkeeping experience or are currently working in the industry. With this in mind we try and make the tasks relevant to what you will experience in the real world. The purpose is not to just pass or fail, rather to become competent using these skills which you can then apply in the real world.

As the Certificate IV in Accounting & Bookkeeping is a nationally recognised course, there are some mandatory requirements* that must be completed by all RTO students.

Pre-course

Before starting this course, you may be required to complete a Language, Literacy and Numeracy (LLN) assessment* which is used to determine your skill level so that we can best support you in your studies.

Introductory Requirements & Units (Online Only)

There are two Introductory parts that must be completed: an Oral Communication Skills Assessment* and a Work Health and Safety Assessment*.

The Unit assessments and examinations are completed using a variety of methods and are submitted via our online student portal. They are open book, from either your home, office or classroom, and comprise theoretical and practical exercises.

Accounting unit assessments use a combination of MYOB and Xero (both are supplied).

Supervised Assessments

Tax Practitioners Board Licensing Course units include an exam component, which needs to be independently supervised. Exams are three-hour, open-book and comprise of short answer and multiple choice questions, very similar in format to the unit assessments.

Exams must be completed within your course duration period. Prior to your exam, you will need to complete and return the Supervisor Nomination Form to Applied Education detailing your supervisor's information, contact details and the elected date of your assessment.

Exams can be undertaken at any location and time of your choosing, with the only condition being that you have a nominated, independent supervisor present. Your supervisor can be a person of responsibility such as a registered tax agent, member of an accounting professional body, public servant, doctor, nurse, police officer, director etc. who does not have a close personal or professional relationship with you.

If you cannot arrange a supervisor then we offer the following options for conducting your supervised assessment:

Online - Online supervised exam with one of our staff members
Perth Training Centre - Level 1, 524 Hay St, Perth WA 6000
Melbourne Training Centre - Level 10, 440 Collins St, Melbourne VIC 3000
Sydney Training Centre - Level 14, 275 Alfred St, North Sydney NSW 2060
Brisbane Training Centre - Level 1, 241 Adelaide St, Brisbane QLD 4000
Adelaide Training Centre - Level 2, 70 Hindmarsh Sq, Adelaide SA 5000

If you require supervision of assessments by Applied Education, additional costs may apply. Refer to Student Handbook.

To complete all units in this course, you will need:

• A reliable internet connection as all data files and learning activities are available via our student platform.
• A computer with a Microsoft Windows operating system.^#
• Microsoft Word and Excel - full desktop versions/apps.

We will provide links and instructions to access MYOB Student Edition Software and Xero Demo Company.

^# Mac Users, Tablets and MYOB
MYOB software cannot be downloaded to tablets including Chromebooks and since 2020, MYOB is not compatible with Apple’s operating system.

If you only have access to a Mac computer, we recommend you first contact Apple to confirm if the following options are feasible on your computer:

• purchase and install on your mac a windows emulator such as "Parallels" to run Windows on a Mac at your own cost; or
• use the free inbuilt Mac Boot Camp Assistant on your Mac computer and purchase a Windows OS software licence.

Note: Applied Education and MYOB are unable to support issues relating to a Mac computer.

Recognised Prior Learning

Do you already have bookkeeping skills or experience? Put your skills and knowledge towards your formal Certificate IV in Accounting and Bookkeeping qualification. With this option you will put together a portfolio of your work to demonstrate a good understanding of the learning outcomes in the course. The portfolio will contain files such as payroll and BAS information, along with letters and reports that you currently use on a day to day basis.

• Full list of evidence criteria
• Detailed templates
• Checklists

You will still be able to access all of the resources available to online self-paced students.

We find that for many students, RPL is a more complex process than completing the self paced study and doing the activities which is more straight forward process than RPL, unless you have sound experience in all the units of study and are able to provide a portfolio of evidence.

Credit Transfer

If you have completed a prior qualification, you may be eligible for credit transfers. For more information, please contact our enrolment advisor before enrolling.

You will receive a 24-month student membership to the Institute of Certified Bookkeepers (RRP $145) at no additional cost.

FNS40222 Certificate IV in Accounting and Bookkeeping meets the prerequisites for FNS50222 Diploma of Accounting. It is also an AQF qualification that can be used in VET pathway applications undergraduate courses to most universities. Please refer university websites, for specific entry requirements for individual universities and courses.

Applied Education provides a pathway from the Certificate IV in Accounting and Bookkeeping to the Advanced Diploma of Accounting (which is the entry requirement of the Institute of Public Accountants).

Becoming A Bookkeeper

To become a registered Bookkeeper you need to hold a minimum of a Certificate IV in Accounting and Bookkeeping and also register with the Tax Practitioners Board (TPB).

The TPB will assess your qualifications and experience to ensure you satisfy the requirements outlined in the Tax Agent Services Regulations 2009 (TASR). More information on this can be found here.

Applied Education also offers the TPB BAS Agent Skill Set if you already hold a relevant accounting qualification.

Jobs in Accounting

The Cert IV Bookkeeping and Accounting Course Online can open doors to many different careers in business and finance.

• Registered BAS Agent
• Company Bookkeeper
• Freelance Bookkeeper
• Small Business Owner
• Finance Manager
• Payroll Officer
• Accounts Receivable and Accounting Payable Officer
• Bank Officer
• Settlement Clerk
• Accounts Financial Officer

The FNS40222 Certificate IV in Accounting and Bookkeeping is ideal for anyone looking to enter into the bookkeeping or accounting industries, and is also a TPB-approved BAS agent course.

It is the perfect preparation for anyone seeking a career as a professional bookkeeper, BAS agent or payroll officer. The course meets the education requirements of the Tax Practitioners Board for registration as a BAS agent, and covers topics such as:

• Managing day to day bookkeeping function such as accounts payable and receivable
• Completing the Business Activity Statements (BAS) and other obligations such as Superannuation and Payroll
• Basic Management and Operational reporting such as Profit & Loss, Balance Sheets and Trial Balance
• Proficient use of Accounting Software including MYOB and Xero from setup to trial balance

View our huge collection of tutorials presented by our qualified trainers covering key learning concepts.

We know that your education is a significant investment in money, time and effort. In addition to supporting your learning journey, we also want you to enjoy some perks along the way.

Once enrolled, you will be invited to sign up to a student email and gain access to incredible discounts and freebies designed to support your studies and lifestyle.

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