FNS40222 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.

A Business Activity Statement (BAS) service is a tax agent service that includes, but is not limited to, the following:

• Preparing or lodging an approved form about a taxpayer’s liabilities, obligations or entitlements under a BAS provision;
• Giving a taxpayer advice about a BAS provision that the taxpayer can reasonably be expected to rely upon to satisfy their taxation obligations; or
• Dealing with the Commissioner on behalf of a taxpayer in relation to a BAS provision.

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.

Successful candidates will receive a nationally recognised FNS40222 Certificate IV in Accounting and Bookkeeping from My CPE Pty Ltd (RTO ID 45717).

The units included have been selected based on feedback from the industry and their applicability to the roles accountants and bookkeepers perform, including those who aim to register as a practitioner with the TPB.

Total number of units = 13

10 core units plus

3 elective units

Core Units (10)

• 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*

Stream A – Elective Units (3)

• BSBPEF501 Manage personal and professional development
• BSBHRM526 Manage payroll 
• FNSACC413 Make decisions in a legal context

Stream B – Electives (3)

• BSBHRM526 Manage payroll 
• FNSPAY511 Process salary packaging arrangements and additional allowances in payroll
• FNSPAY512 Process superannuation payments in payroll

Unit required for the FNSSS00004 BAS Agent Registration Skill Set.*

Note: The elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment and contribute to a valid industry-supported vocational outcome. Electives can be modified; discuss options with your Assessor.

There are no formal requirements applicable to enrolling in the Certificate. Applicants must; however, demonstrate they meet the requirements listed below:

• At least 18 years of age at the time of enrolment
• Access to a computer and internet connection
• Good language, literacy & numeracy skills.

A Certificate IV level program with the following learning outcomes:
Breadth, depth and complexity of knowledge and competencies would cover a broad range of varied activities or application in a wider variety of contexts, most of which are complex and non-routine. Participants should display leadership and guidance when organising activities of self and others as well as contributing to technical solutions of a non-routine or contingency nature.

Performance of a broad range of skilled applications, including the requirement to evaluate and analyse current practices, develop new criteria and procedures for performing current practices and provision of some leadership and guidance to others in the application and planning of the skills. Applications involve responsibility for, and limited organisation of, others.

Competencies should enable participants with this qualification to:

• Demonstrate understanding of a broad knowledge base incorporating some theoretical concepts
• Apply solutions to a defined range of unpredictable problems
• Identify and apply skill and knowledge areas to a wide variety of contexts, with depth in some areas
• Identify, analyse and evaluate information from a variety of sources
• Take responsibility for own outputs in relation to specified quality standards
• Take limited responsibility for the quantity & quality of the output of others.

On successful completion of this course, the student will be awarded FNS40222 Certificate in Accounting and Bookkeeping, which is a nationally recognised qualification.

The program is ideal for those who are:

• Aiming for registration with the Tax Practitioners Board
• Aspiring to build a career in financial services, particularly in accounting, payroll or bookkeeping
• Contract or employed bookkeepers or accountants requiring flexible learning
• Industry professionals aiming to formalise existing skills and knowledge through Recognition of Prior Learning (RPL)
• Who are fully experienced within this vocational area and are seeking formal recognition of their existing skills in accounting
• Persons who are seeking career advancement within the industry
• Workplace Trainers and Assessors who have industry experience within the sector wishing to train and assess in this vocational area
• Studying another qualification and having chosen accounting electives
• Employees of organisations for whom accounting training is provided
• Individuals who have chosen to improve their accounting skills
• People with disabilities or injuries requiring a change in career or those returning to the workplace.

Education Pathway
Further training pathways from this qualification include but are not limited to Diploma of Accounting, Diploma of Payroll Services, Advanced Diploma of Accounting or Higher Education.

RPL is the process of recognising the experience and skills that a person has acquired throughout their career. The principles of RPL will be applied at all stages of your program. If existing competence is evident, it will be recognised and applied to expedite the completion of your program.

You will be provided with an opportunity to request RPL during your interview with your Assessor; however, RPL can be requested at any stage.

Online study offers complete flexibility affording students the ability to study anytime and anywhere that suits their schedule. The team of educators at My CPE are committed to supporting you through your chosen program and are keen to help you succeed.  All students have unlimited online access to their allocated Assessor during business hours. There are no requirements to attend any classes during this program.

If throughout your program you need assistance on study-related matters or student support-related matters, you can contact our office via your e-Learning portal. Our dedicated team are available to assist with any questions you may have in relation to:

• How to enrol in a course
• Payment options
• Terms and conditions
• Course curriculum
• RPL process
• Assessment processes
• Extensions and applicable fees
• Administration queries.

Assessments are structured to include a variety of styles to cater for the learning needs of a broad range of students and provide you with the best opportunity for success. Assessments are completed using a variety of methods and are submitted via our online student portal.

Assessment methods may include any combination of:

• Multiple choice questions
• Case Studies
• Examinations
• Written assessment tasks
• Practical tasks / Reports / Discussion
• Workplace simulations.

The Diploma is a big investment in your future, and there are many factors to consider prior to enrolling in any program.  Please download and read our Brochure, which contains pre-enrolment information, and consider booking a consultation with one of our experienced consultants for your free skills assessment.