FNS40222 Certificate IV in Accounting and Bookkeeping

The FNS40222 Certificate IV in Accounting and Bookkeeping reflects the job roles of workers in the accounting industry. This includes BAS Agents and contract bookkeepers; and employees performing bookkeeping tasks for organisations in a range of industries. It includes:

• processing financial transactions and administering accounts and ledgers
• identifying and applying compliance requirements to financial activities
• working with the goods and service tax (GST)
• preparing and lodging business and instalment activity statements (BAS)
• preparing financial reports and statements
• setting up and working with computerised accounting systems
• setting up and operating a payroll system
• preparing budgets
• maintaining inventory records
• 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.

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). 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.

13 units are required for award of this qualification including 10 core units and 3 elective units.

• FNSACC418 Work effectively in the accounting and bookkeeping industry
• FNSACC321 Process financial transactions and extract interim reports
• FNSACC322 Administer subsidiary accounts and ledgers
• FNSACC421 Prepare financial reports
• FNSTPB412 Establish and maintain payroll systems
• FNSTPB411 Complete business activity and instalment activity statements
• FNSACC414 Prepare financial statements for non-reporting entities
• BSBTEC302 Design and produce spreadsheets
• FNSACC426 Set up and operate a computerised accounting system *
• FNSACC412 Prepare operational budgets
• BSBESB401 Research and develop business plans
• FNSACC323 Perform Financial Calculations
• BSBPEF501 Manage personal and professional development