Accounting and Bookkeeping Certificate IV FNS40222

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

• Perform Financial Calculations

  Financial calculations are part of every day life in a financial institution. The Subject covers a wide variety of routine calculations such as depreciation, GST and interest rates required in many finance roles. It also covers methods for checking calculation outcomes, software and online tools, and strategies for the detection of errors.

  • Unit(s):
  • FNSACC323 Perform financial calculations
• Authorising Business Bills with XERO

  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 that can be found in XERO. This subject is practical in nature and requires practical activities undertaken using accounting software on trial software versions.

  • Unit(s):
  • FNSACM411 Authorise valid expense payments
• Practical Spreadsheets

  In this introductory subject, learn the fundamentals of working with Excel, working with tables and formulas. Content also covers ways to design spreadsheets to improve the layout of information, as well as how to create graphs or charts. You will be amazed at the potential excel offers you to improve work processes and manage data. Note this subject only supports the program Excel.

  • Unit(s):
  • BSBTEC302 Design and produce spreadsheets
• Business Tax Obligations

  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):
  • FNSTPB411 Complete business activity and instalment activity statements
  • FNSACC411 Process business tax requirements
• Accounting - Step by Step

  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):
  • FNSACC321 Process financial transactions and extract interim reports
• Set Up and Maintain a XERO Accounting System

  To gain first-hand experience of a computerised accounting system, you will be provided with access to 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):
  • FNSACC426 Set up and operate computerised accounting systems
  • FNSACC322 Administer subsidiary accounts and ledgers
• Mid Course Survey

  This survey is an important opportunity for you to tell ACCM College about your learning experience so far. By formally seeking this information at the mid-point of your course, ACCM College can help shape your learning outcomes to better ensure your professional development goals are met.

  • Unit(s):
  • MID-SURVEY Mid Course Survey
• Operating in the Accounting Industry

  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):
  • FNSACC418 Work effectively in the accounting and bookkeeping industry
• Budgeting

  The budgeting process is covered in depth in this diploma level subject. You will get the opportunity to develop your forecasting skills as you prepare sales, cash and operating budgets. You will also learn how to produce budgeted financial statements which are useful for estimating the financial results, financial position and cash flows of a business.

  • Unit(s):
  • FNSACC412 Prepare operational budgets
• Payroll - XERO

  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 XERO.

  • Unit(s):
  • FNSTPB412 Establish and maintain payroll systems
• Financial Statements and Reports

  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):
  • FNSACC421 Prepare financial reports
  • FNSACC414 Prepare financial statements for non-reporting entities