Certificate IV in Accounting

National Code:	FNS40615
CRICOS Code:	087910J

Description

This qualification reflects accounting job roles in financial services and other industries requiring accounting support functions. Persons providing a BAS service for a fee or other reward (other than employees) must be registered by the Tax Practitioners Board (TPB).

A Business Activity Statement (BAS) service is a tax agent service that relates to:

• Ascertaining liabilities, obligations or entitlements of an entity that arises, or could arise, under a BAS provision; or
• Advising an entity about liabilities, obligations or entitlements of the entity or another entity that arise, or could arise, in their dealings with the Commissioner in relation to a BAS provision; and
• Representing an entity in their dealings with the Commissioner of Taxation; and
• Is provided in circumstances where the entity can reasonably be expected to rely on the service for either or both of the following purposes
  • To satisfy liabilities or obligations that arise, or could arise, under a BAS provision;
  • To claim entitlements that arise, or could arise, under a BAS provision;

Where it is reasonable to expect an entity to rely on the service for either or both of the following purposes:

• To satisfy liabilities or obligations that arise or could arise under a BAS provision;
• To claim entitlements that arises or could arise under a BAS provision.

The Association of Accounting Technicians Australia and the Tax Practitioners Board (TPB) both recognise the Certificate IV in Accounting.

Upon successful completion of this course, the TPB will recognise you as having met the educational requirements to register as a BAS (Business Activity Statement) agent. This course meets the TPB’s current educational requirements for registered BAS agents, as well as the new requirements that became effective from 1 March 2012.

However, persons seeking BAS agent registration should check current registration requirements with the TPB as this is regularly under review and additional eligibility criteria apply. You should visit www.tpb.gov.au for further information.

Entry Requirements

Delivery Mode

Duration

The requirements of the AQF volume of learning for Certificate IV level qualifications is 1 year. Total volume of learning for the FNS40615 Certificate IV in Accounting is 1520 hours which is allocated as follows:

• 840 hours Face to face classroom delivery
• 300 hours Assignments and assessments
• 380 hours Self paced study

The training and assessment activities are required to be completed by students to achieve the learning outcomes of this qualification. If students have previous relevant experience, where RPL is awarded, the total volume of learning may be reduced below the Australian Qualifications Framework Volume of Learning requirements.

This qualification has been designed for new entrants or inexperienced students so time frames have been increased to meet volume of learning requirements and allow sufficient time to acquire required skills and knowledge.

 

Fees

Fees and charges vary between courses, please contact Australian Vocational Learning Centre directly to know the current course fees.

Recognition of Prior Learning

Recognition of Prior Learning (RPL) and Credit Transfer – Students with prior learning and work experience can apply for Recognition of Prior Learning. Learners who have completed corresponding units of competency and/or units contained within the packaging rules can apply for Credit Transfer.

Assessment Methods

Assessment is progressive through the qualification with multiple assessment tasks to be completed for each unit of competency. Assessment tasks and methods will vary from unit to unit may include a combination of:

• Role-plays
• Written examinations
• Written/Verbal questioning
• Case studies
• Practical Projects
• Research Reports
• Assignments used to assess required skills and knowledge

Assessment marking system:

• Satisfactory (S) result: the student’s submitted work satisfies the learning requirements and all competency standards for the unit (in accordance with the National Register www.training.gov.au).
• Not Yet Satisfactory (NYS) result: the student’s submitted work does not demonstrate their understanding of all competency standards in the unit. If a student receives a ‘not yet satisfactory’ outcome, he or she will receive written feedback from a trainer/assessor, clearly outlining where the gaps are. The student will then be required to rectify these gaps and re-submit their assessment for marking.

Once a student receives a satisfactory result for all required assessment tasks a competent (C) outcome will be awarded for the entire unit. The student must demonstrate their understanding of all competency standards in each unit before receiving a competent outcome.

Pathways

This qualification will provide a pathway to FNS50215 Diploma of Accounting and FNS60215 Advanced Diploma of Accounting

Employment Opportunities

Job roles and titles vary across different industry sectors. A possible job title relevant to this qualification is:

• Payroll clerk
• General clerical assistant
• Bookkeeper
• Accounts receivable clerk
• Accounts payable clerk

Course Structure

To successfully complete the FNS40615 Certificate IV in Accounting students are required to complete thirteen units of competency consisting of the units as listed below (ten core and three electives).

Unit Code	Unit Name
FNSACC301	Process financial transactions and extract interim reports
FNSACC302	Administer subsidiary accounts and ledgers
FNSACC402	Prepare operational budgets
FNSACC404	Prepare financial statements for non-reporting entities
FNSACC406	Set up and operate a computerised accounting system
FNSBKG404	Carry out business activity and instalment activity statement tasks**
FNSINC401	Apply principles of professional practice to work in the financial services industry
BSBFIA401	Prepare financial reports
BSBITU306	Design and produce business documents
FNSACC401	Process business tax requirements
FNSACC403	Make decisions in a legal context
FNSACM401	Evaluate and authorise payment requests
FNSBKG405	Establish and maintain a payroll system

** The completion of the units FNSBKG404 Carry out business activity and instalment activity statement tasks and FNSBKG405 Establish and maintain a payroll system are required if applying to the Taxation Practitioners Board to be registered as a BAS Agent