Certificate IV in Accounting and Bookkeeping (Release 2)

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. Individuals in these roles apply theoretical and specialist skills and knowledge to work autonomously, and exercise judgement in completing routine and non-routine activities.

Licensing, legislative, regulatory or certification considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.

Persons providing a 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 as a BAS agent. Other requirements 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.

Nil

Total number of units = 13

10 core units plus

3 elective units, of which:

• at least 2 must be from the elective units listed below
• up to 1 may be from this qualification or any currently endorsed Certificate III or above training package qualification or accredited course.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.

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

Elective units

• 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
• BSBOPS304 Deliver and monitor a service to customers
• BSBOPS404 Implement customer service strategies
• BSBPEF501 Manage personal and professional development
• BSBTEC301 Design and produce business documents
• BSBTEC402 Design and produce complex spreadsheets
• BSBTEC404 Use digital technologies to collaborate in a work environment
• BSBWRT311 Write simple documents
• 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
• FNSACM411 Authorise valid expense payments
• FNSORG506 Prepare financial forecasts and projections
• FNSORG515 Prepare financial reports to meet statutory requirements
• FNSPAY511 Process salary packaging arrangements and additional allowances in payroll
• FNSPAY512 Process superannuation payments in payroll
• FNSPAY513 Process complex employee terminations in payroll
• FNSPAY514 Interpret and apply knowledge of industrial regulations relevant to payroll
• FNSPAY515 Interpret and apply knowledge of taxation systems relevant to payroll

Supersedes and is equivalent to FNS40217 Certificate IV in Accounting and Bookkeeping.