Accounting and Bookkeeping Certificate IV FNS40217

Subject Choices

offered under the Certificate IV in Accounting and Bookkeeping

Please note that subjects and specific units of competency on offer will vary and may change during your enrolment

Elective subjects may apply and will be determined during the induction process

Alternative electives are available for those who have completed these subjects in Certificate III

• Perform Calculations

  Perform Calculations covers a wide variety of financial calculations such as depreciation, GST and interest rates that needed in many industry roles. It also covers methods for checking calculation outcomes, use of online tools, and tips of detecting errors. This subject also introduces spreadsheets as a means of conducting repeated calculations.

  • Unit(s):
  • FNSACC313 Perform financial calculations
• Administer Customer Invoices

  Learn the skills and knowledge required to correctly allocate payments, reconcile accounts and maintain customer details. This accounts clerical subject looks at the issuing of invoices and the receipting of payments using either MYOB or XERO trial versions. Students will also learn how to interpret a trade debtors report.
  This subject is practical in nature and requires practical activities undertaken using accounting software on trial software versions.

  • Unit(s):
  • FNSACM301 Administer financial accounts
• Authorise Business Bills

  This subject examines how to authorise and process payments such as supplier bills and reimbursements. It provides an overview of how computerised accounting software can be used to record, authorise and process payments. This subject looks at the basic payment functions of either MYOB or XERO. This subject is practical in nature and requires practical activities undertaken using accounting software on trial software versions.

  • Unit(s):
  • FNSACM401 Evaluate and authorise payment requests
• Bank Reconciliation

  Bank reconciliation requires the skills to receive, identify and record receipts and match receipts to invoices. This subject looks at Bank Reconciliation using accounting software with the option of using XERO or MYOB. Learners will identify the steps to be followed and how to action discrepancies.

  • Unit(s):
  • FNSACM302 Prepare, match and process receipts
• Maintaining an Accounting System

  To gain first-hand experience of a computerised accounting system, you will be provided with access to MYOB or XERO software where you will learn basic functions such as processing invoices, maintaining customer and supplier information and generating financial reports. You will also be required to create a chart of accounts, keep track of inventory and maintain subsidiary ledgers. The module contains tips and shortcuts that will help you to increase your efficiency overall.

  • Unit(s):
  • FNSACC416 Set up and operate a computerised accounting system
  • FNSACC312 Administer subsidiary accounts and ledgers
• Double Entry Accounting

  This subject teaches double entry accounting so that learners have the skills and knowledge required to prepare journal entries, post journal entries to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. The subject looks at the manual accounting steps involved and also how accounting packages process general journals.

  • Unit(s):
  • FNSACC311 Process financial transactions and extract interim reports
• Financial Statements

  Upon completion of this very practical module, you will be able to prepare profit and loss statements and balance sheets in line with reporting obligations and regulations. You will be given step by step guidance on how to record end of period of adjustments, apply depreciation, close journal entries and produce trial balances.

  • Unit(s):
  • BSBFIA401 Prepare financial reports
• Business Tax

  This subject provides an overview of Australia's taxation system and covers important concepts such as the Tax File Number System, Pay as You Go (PAYG), GST, payroll tax, fringe benefits tax and BAS. The practical component will provide you with lots of experience in completing several Business Activity Statements for a range of different types of businesses.

  • Unit(s):
  • FNSTPB401 Complete business activity and instalment activity statements
  • FNSACC411 Process business tax requirements
• Accounting Business Operations

  This subject covers the skills and knowledge needed to work effectively in the accounting and bookkeeping industry. It covers the various roles and responsibilities within the industry and the expectation in relation to ethical practices. It is an aid for decision making in terms of budgeting and cost benefit analysis for the introduction of new technology such as cloud accounting as well how you can promote your product, get the most out of feedback and your requirement to maintain your professional development.

  • Unit(s):
  • FNSACC408 Work effectively in the accounting and bookkeeping industry
  • BSBSMB412 Introduce cloud computing into business operations
• AccountRight Payroll

  Processing and maintaining payroll requires a thorough understanding of the vast array of legislation that underpins the process itself. In this module, you will not only will learn how to calculate minimum rates of pay, penalty rate loadings, overtime, sick and annual leave, but you will also get to set up, maintain and process pays through a payroll system using MYOB.

  • Unit(s):
  • FNSTPB402 Establish and maintain payroll systems