Certificate IV in Bookkeeping (FNS40211)
Qualification Description
This qualification is designed to reflect the job roles of contract bookkeepers and employees performing bookkeeping tasks for organisations in a range of industries.
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.
Persons providing a BAS service must be registered by the Tax Practitioner's Board and this qualification is currently cited as meeting the educational requirements for registration. Other conditions apply including a designated period of experience. Persons seeking BAS agent registration should check current registration requirements with the Board as this is regularly reviewed. More information and contact details for the Tax Practitioners Board are provided in the FNS10 Information Kit available from the IBSA website.
Job Roles
The primary pathway from this qualification is employment in a bookkeeping job role with functions that include:
- establishing and maintaining manual and computerised accounting systems
- completing Business Activity Statements (BAS) and other office financial statements
- developing bookkeeping management systems for organisations
- general administration.
Note: the minimum age of enrolment for this course is 18 years of age.
Requiring 13 units for the qualification (9 core units and 4 elective units):
9 core units are:
BSBFIA401A (Core) Prepare financial reports
This unit describes the performance outcomes, skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.
- Maintain asset register
- Record general journal entries for balance day adjustments
- Prepare final general ledger accounts
- Prepare end of period financial reports
BSBITU306A (Core) Design and produce business documents
This unit describes the performance outcomes, skills and knowledge required to design and produce various business documents and publications. It includes selecting and using a range of functions on a variety of computer applications.
- Select and prepare resources
- Design document
- Produce document
- Finalise document
BSBOHS201A (Core) Participate in OHS processes
This unit describes the performance outcomes, skills and knowledge required to participate in workplace occupational health and safety (OHS) processes to protect workers own health and safety, and that of others.
- Work safely
- Implement workplace safety requirements
- Participate in OHS consultative processes
- Follow safety procedures
FNSINC401A (Core) Apply principles of professional practice to work in the financial services industry
This unit describes the performance outcomes, skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements and model and meet expectations of these in all aspects of work.
- Identify the scope, sectors and responsibilities of the industry
- Identify and apply financial services industry guidelines, procedures and legislation
- Identify sustainability issues for the financial services industry
- Manage information
- Participate in and facilitate work team activities
- Plan work to be completed taking into consideration time, resources and other constraints
- Develop and maintain personal competency
FNSBKG401A (Core) Develop and implement policies and procedures relevant to bookkeeping activities
This unit describes the performance outcomes, skills and knowledge required to develop, implement and maintain policies and practices to ensure that a quality service is provided in relation to in-house or contracted bookkeeping activities.
- Develop a professional working relationship with relevant parties
- Carry out research to identify compliance requirements and support materials
- Set up and maintain appropriate systems to meet compliance requirements
FNSBKG402A (Core) Establish and maintain a cash accounting system
This unit describes the performance outcomes, skills and knowledge required to establish and manage organisational procedures in arranging for and administering receipts and payments to establish and maintain a manual and computerised bookkeeping system on a cash basis.
- Identify relevant information and establish a chart of accounts
- Analyse and verify source documents
- Process receipts and payments
- Set up and maintain a petty cash system
- Process and reconcile credit cards
- Manage bank reconciliations and prepare and produce reports
FNSBKG403A (Core) Establish and maintain an accrual accounting system
This unit describes the performance outcomes, skills and knowledge required to establish debtors and creditors, bad debt and contra entries, perform reconciliations, review compliance terms and conditions, plan a recovery action and prepare reports to set up and maintain a manual and computerised accrual accounting system.
- Manage the chart of accounts
- Process invoices, adjustment notes and other general ledger transactions
- Manage contra entries
- Identify and process bad debts
- Manage debt recovery
- Prepare and produce reports and trial balance
FNSBKG404A (Core) Carry out business activity and instalment activity statement tasks This unit describes the performance outcomes, skills and knowledge required to process business taxation requirements related to Business Activity Statements (BAS) and Instalment Activity Statements (IAS), including the completion of Activity Statements.
- Identify individual compliance and other requirements
- Recognise and apply GST implications and code transactions
- Report on payroll activities
- Report on other amounts withheld, Pay As You Go (PAYG) instalments and taxes
- Complete and reconcile the Activity Statement
- Lodge Activity Statement
FNSBKG405A (Core) Establish and maintain a payroll system
This unit describes the performance outcomes, skills and knowledge required to record and prepare payroll documentation, deal with enquiries in regard to payroll, and process payroll from provided data in manual or computerised payroll systems.
- Record payroll data
- Payroll preparation
- Handle payroll enquiries
- Maintain payroll
4 Electives are:
BSBCUS301A (Elective) Deliver and monitor a service to customers
This unit describes the performance outcomes, skills and knowledge required to identify customer needs and monitor service provided to customers.
- Identify customer needs
- Deliver a service to customers
- Monitor and report on service delivery
BSBCUS403A (Elective) Implement customer service standards
This unit describes the performance outcomes, skills and knowledge required to contribute to quality customer service standards, and to support personnel to implement customer service standards and systems within the organisation.
- Contribute to quality customer service standards
- Implement customer service systems
- Implement team customer service standards
FNSACC303A (ELective) Perform financial calculations
This unit covers the use of a common range of calculation methods and techniques for conducting routine financial calculations and transactions.
- Obtain data and resources for financial calculations
- Select appropriate methods and carry out financial calculations
- Check calculations and record outcomes
FNSACC406A (Elective) Set up and operate a computerised accounting system
This unit describes the performance outcomes, skills and knowledge required to modify and operate an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions within the system, maintaining the system, producing reports and ensuring system integrity.
- Implement an integrated accounting system
- Process transactions within the system
- Maintain the system
- Produce reports
- Ensure system integrity
