Course Overview

The FNS40222 Certificate IV in Accounting and Bookkeeping is the perfect choice for individuals seeking to expand their knowledge in the field of finance and accounting. With the FNS40217 qualification being replaced by FNS40222 in June 2022, this updated course covers essential topics including budgeting, cash flow statements, profit and loss statements, and units required to become a registered BAS agent as per the requirements of the Tax Practitioners Board (TPB). Whether you're looking to boost your resume or become a licensed BAS agent, FNS40222 has got you covered.


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. 

Course Delivery and Duration

Our online guides and assessments have been uniquely developed to best equip you for the real world! We have ensured you will remain engaged while completing your studies and provide real life, relatable scenarios to set you up for your future!

1 year is the average course duration for completing the Certificate IV in Accounting and Bookkeeping qualification. As this course is 'self-paced' study you can enrol at any time and progress at any speed you like without the stress of due dates and rigid class timetables, fitting study around work, family and life. Study duration depends on the hours you put in and your skill level. As a guide, someone dedicating 8 hours per week to study, could expect to complete the assessment component of the course in 6 – 8 months.

Students receiving study benefits from Centrelink (education on supplement) will be obligated to complete the course in 28 weeks (full-time) or 56 weeks (part-time). Students who complete the course as part of a traineeship will have 12 months full-time or 2 years part-time.

Career Opportunities and Pathways

Certificate IV in Accounting and Bookkeeping can lead to a variety of career and study pathways, including:

Career Pathways:

1. Bookkeeper - handling day-to-day financial transactions, preparing financial statements, and managing accounts payable and receivable.
2. Junior Accountant - assisting with financial reporting and analysis, budgeting, and tax preparation.
3. Financial Analyst - analyzing financial data and providing recommendations for business improvements.
4. Self-Employment - offering bookkeeping and accounting services to small businesses as a freelancer or consultant.

Study Pathways:

1. Diploma of Accounting - further developing your accounting and bookkeeping skills, as well as gaining a deeper understanding of financial reporting and analysis.
2. Diploma of Leadership & Management - Combining these qualifications and subsequent studies provides a solid foundation for individuals to work their way up the corporate ladder and reach leadership positions.
3. Bachelor's degree in Accounting or Finance - obtaining a comprehensive understanding of accounting, finance, and business and opening up opportunities for senior accounting and finance roles.

These are just a few examples, and the specific career and study opportunities and pathways will depend on your skills, interests, and experience. A Certificate IV in Accounting and Bookkeeping can provide a solid foundation for a career in finance and accounting and provide opportunities for growth and advancement.

Units

In total, you need to complete 13 nationally recognised units of competency. This qualification is nationally recognised under the Australian Qualifications Framework (AQF) and upon completion you will be issued with a Statement of Attainment.

Core units:

BSBTEC302 Design and produce spreadsheets

FNSACC321 Process financial transactions and extract interim reports

FNSACC322 Administer subsidiary accounts and ledgers

FNSACC412 Prepare operational budgets

FNSACC414 Prepare financial statements for non-reporting entities

FNSACC418 Work effectively in the accounting and bookkeeping industry

FNSACC421 Prepare financial reports

FNSACC426 Set up and operate computerised accounting systems

FNSTPB411 Complete business activity and instalment activity statements

FNSTPB412 Establish and maintain payroll systems

3 Elective units to be chosen from:

BSBESB402 Establish legal and risk management requirements of new business ventures

BSBESB403 Plan finances for new business ventures

BSBESB406 Establish operational strategies and procedures for new business ventures

BSBOPS404 Implement customer service strategies

BSBPEF501 Manage personal and professional development

BSBTEC402 Design and produce complex spreadsheets*

BSBTEC404 Use digital technologies to collaborate in a work environment*

FNSACC323 Perform financial calculations

FNSACC405 Maintain inventory records

FNSACC407 Produce job costing information

FNSACC411 Process business tax requirements

FNSACC413 Make decisions in a legal context*

* recommended elective units

Entry Requirements

There are no specific entry requirements for this course however students will require:

• Sufficient level of language, literacy and numeracy is required for students to be able to complete the required assessments
• Basic computer skills
• Access to a computer and internet

Support and assessments

Our online courses include the support of experienced industry professionals and support staff to guide you through the program. Our trainers are dedicated to helping you succeed and will be available to answer your questions and provide feedback on your progress. They will provide you with the guidance and support you need to fully understand the course material, as well as offer suggestions for further learning opportunities.

Furthermore, you will have access to a wealth of up to date, easy to understand online course materials, including videos, tutorials, and practice exercises, which will help you to deepen your understanding of the course material.

Start Now

Upon completion of the course, you will possess not only real-world skills and understanding, but also a nationally recognized and accredited qualification. Apply your skills in a dynamic new position or pursue a new exciting career path - start your future now!