FNS40217 – Certificate IV in Accounting and Bookkeeping

FNS40217 – Certificate IV in Accounting and Bookkeeping

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 Information  Work 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. Note:- Due to COVID - 19, all classes at Blue Lotus College are being delivered 100 % Virtual class effective from Tuesday 24th March 2020 via Microsoft Teams. We will closely monitor the situation and notify the date for the face to face delivery to be resumed.
VET National Code
FNS40217
CRICOS Course Code
0100535
Duration
52 Weeks (incl. holidays and breaks)
Delivery Mode
Face-to-face
Tuition Fee
$10,500 | NOW only $6,000
Enrolment Fee
AU $200
Material Fee
AU $300
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Language, Literacy and Numeracy test (LLN) All students are required to undertake a language, literacy and numeracy (LLN) test mapped at ACSF level 4 conducted by Blue Lotus College (BLC). Candidate undertaking this course must possess sound Numeracy skills since it requires them to do calculations, make reports and graphs. Pre-training Review As per its Admission and Enrolment Policy and Procedure, BLC conducts pre-enrolment Client Needs Analysis to determine course suitability, existing skills and knowledge and an early detection of any learning needs. Pre-enrolment analysis includes LLN testing and identification of specific learning and/or support needs. A pre-enrolment interview may also be conducted. RPL and credit transfer opportunities are provided at the time of enrolment, and an option for students to apply at time during their studies. BLC’s LLN and student support policies support these processes. English language requirements (International Students) To enrol into this course with BLC, international students, applying either off-shore or on-shore, must satisfy one of the following requirements: I.         Either a minimum IELTS (General) test score of 5.5 or equivalent for direct entry into a VET course; or, IELTS score of 5.0 or equivalent with and ELICOS course (up to 20 weeks) to be taken before the main VET course. or, IELTS score of 4.5 or equivalent with an ELICOS course (up to 30 weeks) to be taken before the main VET course. Results more than two years are not acceptable. OR II.         Evidence that they have studied in English for at least five years in Australia, Canada, New Zealand, Republic of Ireland, South Africa, United Kingdom or United States. OR III.         Evidence that, within two years of their application date, they have successfully completed in Australia a foundation course or a senior secondary certificate of education or a substantial part of a Certificate IV or higher level qualification, from the Australian Qualifications Framework. OR IV.         Successful completion of Language, Literacy and Numeracy Test conducted by BLC. Academic requirements (International Students) Prospective BLC international students are required to demonstrate their capacity to complete the course successfully. International students applying for this course either off-shore or on-shore will need satisfactory completion of the equivalent of Australian Year 11 or Certificate III or higher qualification as well as entry requirement listed in this training package. Basic computing skills Student are required to have basic computer skills including operating MS-word and doing research on internet since course will require student to make reports in MS word, Excel, power point presentation and operating accounting software e.g. Xero or MYOB Materials and Equipment Required Although Blue Lotus will provide access to computers/laptops with required resources during classroom hours however to work on assignments and tasks for self-study, all leaners are expected to bring a laptop with the Windows 7 operating system or higher. Students must have an active email address for communication and be contactable by phone (mobile or landline) and by mail (postal address). All leaners are expected to have access to MS office application such as Microsoft Word, an email platform such as Microsoft.
The Certificate IV in Accounting and Bookkeeping prepares students for accounting related job role that includes:
  • Working with computerised accounting systems
  • Completing BAS and other financial statements
  • Producing non-complex management reports including compiling budget information
  • Supervising the operation of computer-based financial systems
  • General administration
However, no specific employment outcomes are linked to this qualification. See licensing and registration information below for accounting professions.
Unit Code Unit Title
Core Units
1 BSBFIA401 Prepare financial reports
2 BSBSMB412 Introduce cloud computing into business operations
3 FNSACC311 Process financial transactions and extract interim reports
4 FNSACC312 Administer subsidiary accounts and ledgers
5 FNSACC408 Work effectively in the accounting and bookkeeping industry
6 FNSACC416 Set up and operate a computerised accounting system
7 FNSTPB401 Complete business activity and instalment activity statements1
8 FNSTPB402 Establish and maintain payroll systems1
Elective Units
9 FNSACC412 Prepare operational budgets
10 FNSACC414 Prepare financial statements for non-reporting entities
11 BSBITU306 Design and produce business documents
12 BSBITU402 Develop and use complex spreadsheets
13 FNSACC413 Make decisions in a legal context
1 Unit required for the FNSSS00004 BAS Agent Registration Skill Set