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Certificate IV in Accounting

Course Name: Certificate IV in Accounting

Provider: Foundation Education

Level: Certificate IV

Delivery Method: Online

Course Overview

If you’re detail-oriented, have a flair for numbers and enjoy the challenge of fine-tuning payroll and accounting systems, your future’s looking profitable with a Certificate IV in Accounting.

Designed for those wanting a long-term career in accounting, this course will help you to apply the principles of professional practice to your role in the financial services industry, including teaching you how to prepare high-level operational budgets, financial statements and subsidiary accounts and ledgers. You’ll also be able to extract interim reports, carry out business activity and instalment statement tasks, establish payroll systems and operate financial software and accounting systems.

Once you’ve graduated, you will be qualified to perform accounting support functions in a wide variety of industry areas, from retail and hospitality through to the manufacturing, banking and government sectors.

Career Outcomes

Once you’ve completed your Certificate IV in Accounting, you’ll be able to apply your theoretical and specialist knowledge and skills to work autonomously and exercise your sound judgement in providing accounting support functions in a variety of job roles in the financial services sector and in other industries.

You could also gain employment as a:

  • Accounts Supervisor
  • Payroll Officer
  • Finance Sector Supervisor

Some of these occupations may be new for you or they could be areas for advancement in your existing employment.

Certificate IV in Accounting students have up to 12 months to complete their studies.

Core Subjects

BSBFIA401 Prepare financial reports

This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.

BSBITU306 Design and produce business documents

This unit describes the skills and knowledge required to design and produce various business documents and publications. It includes selecting and using a range of functions on a variety of computer applications. It applies to individuals who possess fundamental skills in computer operations and keyboarding. They may exercise discretion and judgement using appropriate theoretical knowledge of document design and production to provide technical advice and support to a team.

FNSACC301 Process financial transactions and extract interim reports

This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained.

FNSACC302 Administer subsidiary accounts and ledgers

This unit describes the skills and knowledge required to reconcile and monitor financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, and remit payments to sundry creditors. It applies to individuals who use specialised knowledge and follow agreed processes to problem solve within their area of responsibility.

FNSACC402 Prepare operational budgets

This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations. It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.

FNSACC404 Prepare financial statements for non-reporting entities

This unit describes the skills and knowledge required to develop a range of commonly required financial reports for entities that do not have a statutory duty to file financial reports with government agencies and regulators. It applies to individuals who use specialised knowledge and systematic approaches to collate and prepare financial information.

FNSACC406 Set up and operate a computerised accounting system

This unit describes the skills and knowledge required to modify and operate an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions within the system, maintaining the system, producing reports and ensuring system integrity. It applies to individuals who within their area of responsibility use specialised knowledge, information technology and coordination skills to establish and maintain an organisational system.

FNSBKG404 Carry out business activity and instalment activity statement tasks

This unit describes the 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. It applies to individuals who use a range of organisational and analytical techniques to work within organisations or to supply specific bookkeeping services as a small business owner or contractor.

FNSBKG405 Establish and maintain a payroll system

This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries and process accurate payroll data for manual and computerised systems. It applies to individuals who use a range of organisational and other specialist techniques. They may work directly for organisations or be small business owners, contractors or service providers.

FNSINC401 Apply principles of professional practice to work in the financial services industry

This unit describes the skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work. It applies to individuals who work in senior roles in the financial services industry and underpins other specialist units used in all sectors of the industry.

Elective Subjects

BSBWOR404 Develop work priorities

This unit describes the skills and knowledge required to monitor and obtain feedback on own work performance and access learning opportunities for professional development. This unit applies to individuals who are required to design their own work schedules and work plans and to establish priorities for their work. They will typically hold some responsibilities for the work of others and have some autonomy in relation to their own role.

BSBWRT301 Write simple documents

This unit describes the skills and knowledge required to plan, draft and finalise a basic document. It applies to individuals who apply a broad range of competencies in various work contexts and may exercise some discretion and judgement to produce a range of workplace documentation.

FNSACC303 Perform financial calculations

This unit describes the skills and knowledge required to use a range of common calculation methods and techniques for conducting routine financial calculations and transactions. It applies to individuals who use literacy and numeracy skills to perform common computational tasks as part of an operational job role.

Entry Requirements

There are no formal entry requirements for this qualification, however it is recommended that individuals have undertaken lower level qualifications (ie. a Certificate III in Accounting) to assist with the completion of this course. Individuals also need to currently hold a senior role in the financial services industry and work directly for an organisation or be small business owner, contractor or service provider.

Certain units of competency in this course have licensing, legislative and/or regulatory requirements that impact on the unit.

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

To undertake this qualification, individuals are also required to:

  • have successfully completed Year 12
  • have access to a financial services industry environment and a supervisor able to sign off on practical demonstration elements

Given that some students may already be able to demonstrate their competence in some units, a recognition of prior learning (RPL) assessment process may be available to students to recognise skills and knowledge that may have been gained through formal and informal training and/or learning, work experience and life experience.

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