FNS40611 - Certificate IV in Accounting

Certificate IV in Accounting

This qualification reflects accounting job roles in financial services and other industries requiring accounting support functions.

This qualification is currently cited as meeting some of the educational requirements for registration (see Packaging Rules). Other conditions apply, including a designated period of experience.

Persons providing a BAS service for a fee or other reward (other than employees) must be registered by the Tax Practitioners Board (TPB). Persons seeking BAS agent registration should check current registration requirements with the TPB as this is regularly under review.

A Business Activity Statement (BAS) service is a tax agent service that relates to:

ascertaining liabilities, obligations or entitlements of an entity that arises, or could arise, under a BAS provision; or

advising an entity about liabilities, obligations or entitlements of the entity or another entity that arise, or could arise, in their dealings with the Commissioner in relation to a BAS provision; and

representing an entity in their dealings with the Commissioner of Taxation; and

is provided in circumstances where the entity can reasonably be expected to rely on the service for either or both of the following purposes:

to satisfy liabilities or obligations that arise, or could arise, under a BAS provision;

to claim entitlements that arise, or could arise, under a BAS provision;

to claim entitlements that arise, or could arise, under a BAS provision.

where it is reasonable to expect an entity to rely on the service for either or both of the following purposes:

to satisfy liabilities or obligations that arise or could arise under a BAS provision;

to claim entitlements that arise or could arise under a BAS provision.

More information and contact details for the TPB are provided in the FNS10 Information Kit available from the IBSA website.

Subjects

13 units must be achieved:

9 core units

plus4 elective units

1 elective unit must be selected from the elective units listed below.

The remaining 3 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate III, Certificate IV or Diploma qualification.

The elective unit add topic FNSBKG405A Establish and maintain a payroll system* must be selected if seeking BAS agent registration.

Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

Core units of competency:

add topic FNSACC301A Process financial transactions and extract interim reports

add topic FNSACC403A Make decisions in a legal context

add topic FNSACC404A Prepare financial statements for non-reporting entities

add topic FNSACC406A Set up and operate a computerised accounting system

add topic FNSBKG404A Carry out business activity and instalment activity statement tasks

add topic FNSINC401A Apply principles of professional practice to work in the financial services industry

add topic BSBFIA401A Prepare financial reports

add topic BSBITU306A Design and produce business documents

add topic BSBOHS201A Participate in OHS processes

Elective units of competency:

add topic FNSACC302A Administer subsidiary accounts and ledgers

add topic FNSACC303A Perform financial calculations

add topic FNSACC401A Process business tax requirements

add topic FNSACC402A Prepare operational budgets

add topic FNSACC405A Maintain inventory records

add topic FNSACC407A Produce job costing information

add topic FNSACM401A Evaluate and authorise payment requests

add topic FNSBKG405A Establish and maintain a payroll system *

add topic FNSORG505A Prepare financial reports to meet statutory requirements

add topic FNSORG506A Prepare financial forecasts and projections

add topic BSBITU402A Develop and use complex spreadsheets

add topic BSBWRT301A Write simple documents

Pathways...

Certificate III in Accounts Administration

The primary pathway from this qualification is employment in accounting job roles with duties such as:

completing Business Activity Statements (BAS) and other office taxes

operational reporting

producing non-complex management reports including compiling budget information

compiling data for job costing reports

supervising the operation of computer-based financial systems

classifying, recording and reporting accounting information

maintaining inventory records

managing a small office

ensuring relevant legal requirements are adhered to.

A further learning pathway utilising qualifications such as Diploma of Accounting would support career progression.

Entry Requirements

Not applicable.

Licensing Information

Not applicable.

Employability Skills

The following table contains a summary of the employability skills required by industry for this qualification. The employability skills facets described here are broad industry requirements that may vary depending on qualification packaging options.

Employability Skill	Industry/enterprise requirements for this qualification include:
Communication	compiling data and preparing financial statements and ad hoc reports developing and writing reports to specifications discussing and negotiating with stakeholders when preparing budgets liaising, listening and consulting preparing and presenting routine correspondence in appropriate electronic format using effective telephone techniques and having the ability to negotiate resolutions with clients and colleagues
Teamwork	contributing with others to implement policies and procedures referring matters to nominated person as required working with others to gather information and to develop budgets
Problem solving	applying estimating, forecasting and analysis skills checking the accuracy of calculations determining security protocols identifying OHS hazards and risk control solving discrepancies
Initiative and enterprise	applying learning about ergonomic activities to develop improved processes applying referral skills designing reports to effectively present workplace information referring non-routine problems to a nominated person
Planning and organising	establishing and maintaining an accounting system maintaining accounting records for compliance purposes maintaining systems, records and reporting procedures processing accounting data and preparing reports researching and managing data collection and testing
Self-management	adapting to change in technology and work practices identifying and acting upon professional development opportunities understanding and acting upon compliance matters working ethically and complying with industry professional code of practice and legislative requirements working within own defined work role
Learning	developing and maintaining personal competence maintaining knowledge of relevant legislation and industry codes of practice using online help for self-learning purposes
Technology	adapting to change in technology and working within ergonomic guidelines using technology to assist the management of information and to establish and operate systems using word processing, spreadsheet and database skills to produce workplace documents and reports