Course Description

Developed in consultation with the Tax Institute, this course is ideal for those intending to develop a tax agent specialisation or register as a registered Tax Agent to the Tax Practitioners Board (TPB).

The Certificate in MYOB is included as an optional elective enabling manual accounting practices.

Upon successful completion of your course, the Tax Practitioners Board (TPB) will recognise you as having met the educational requirements to register as a Business Activity Statement (BAS) agent. This course meets the TPB's current educational requirements for registered BAS agents that were put in place on 1st of March 2012. Additional eligibility criteria may apply.

Visit www.tpb.gov.au for further information.

Potential career outcomes

  • Accounts Assistant
  • Accounts Payable Clerk
  • Accounts Receivable Clerk
  • BAS Agent
  • Bookkeeper
  • Office Manager
  • Payroll Clerk
  • Senior Financial Clerk
  • Tax Agent
Course number E1113
Qualification name
  • FNS40615 Certificate IV in Accounting
  • FNS50215 Diploma of Accounting
Course duration Maximum 24 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Case Studies, Demonstrations, Knowledge tests, Multiple Choice Questions, Portfolio, Practical Assessments, Presentations, Projects, Short-Answer Questions, Written Reports
Awarded by
  • Open Colleges (Provider number: 90796)

Developed in consultation with the Tax Institute, this course is ideal for those intending to develop a tax agent specialisation or register as a registered Tax Agent to the Tax Practitioners Board (TPB).

The Certificate in MYOB is included as an optional elective enabling manual accounting practices.

Upon successful completion of your course, the Tax Practitioners Board (TPB) will recognise you as having met the educational requirements to register as a Business Activity Statement (BAS) agent. This course meets the TPB's current educational requirements for registered BAS agents that were put in place on 1st of March 2012. Additional eligibility criteria may apply.

Visit www.tpb.gov.au for further information.

 

 

Open Colleges may make changes to the course from time to time to reflect changes introduced to the relevant Training Package or other regulatory requirements. Please download the course guide for current information about the course and its status.

Module 1: Certificate IV in Accounting

  • Check and verify supporting documentation
  • Prepare and process banking and petty cash documents
  • Prepare and process invoices for payment to creditors and for debtors
  • Prepare journals and batch monetary items
  • Post journals to ledger
  • Enter data into system
  • Prepare deposit facility and lodge flows
  • Extract a trial balance and interim reports
  • Review accounts receivable process
  • Identify bad and doubtful debts
  • Review compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditors invoices for authorisation
  • Remit payments to creditors
  • Prepare accounts paid report and reconcile balances outstanding
  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports
  • Compile data
  • Prepare reports
  • Implement an integrated accounting system
  • Process transactions within the system
  • Maintain the system
  • Produce reports
  • Ensure system integrity
  • Establish payroll requirements
  • Record payroll data
  • Prepare and process payroll 
  • Handle payroll enquiries
  • Maintain payroll
  • 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
  • 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
  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document
  • Prepare budget
  • Set budget timeframe
  • Document budget
  • Prepare to develop spreadsheet
  • Develop a linked spreadsheet solution
  • Automate and standardise spreadsheet operation
  • Use spreadsheets
  • Represent numerical data in graphic form
  • Assess client needs
  • Analyse data
  • Prepare advice
  • Gather client data and verify client, organisational and legislative requirements
  • Identify, record and present client's tax documentation
  • Lodge tax documentation

Module 2: Diploma of Accounting (specialising in Tax)

  • Prepare budget
  • Forecast estimates
  • Document budget
  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity
  • Review corporate governance requirements
  • Implement operating procedures
  • Monitor policy
  • Compile data
  • Prepare reports
  • Research legal aspects of contract and consumer law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of contract and consumer laws to client circumstances
  • Maintain legal knowledge
  • Research legal aspects of corporations and trust law relevant to client's circumstances
  • Analyse issues and risks associated with operation of a business
  • Apply knowledge of law to business structures
  • Maintain legal knowledge
  • Research legal aspects of property law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of property laws to client circumstances
  • Maintain legal knowledge

Education

There are no formal education entry requirements for this course.

Minimum age

You will need to be at least 18 years old.

English

This course involves reading learning content and undertaking a range of written assessments and engaging in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication. As such, entry to the course requires the successful completion of English to Year 12 level.

If you haven't successfully completed English at Year 12 level, you can demonstrate equivalency through one of the following:

  • Successful completion of a Nationally Recognised Training qualification at Certificate III level or higher; or
  • 3 years relevant industry experience in a role that requires the use of written documentation and communication

Open Colleges recognises that not all people are able to read, write and perform calculations to the same standard. See the Language, Literacy and Numeracy Considerations section for more information on tools, resources and support services provided to by Open Colleges.

Computing

You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:

All users:

  • Microsoft Office 2010 or equivalent
  • Broadband internet connection
  • 2GB of RAM
  • CD-ROM or DVD drive
  • Adobe Reader XI or equivalent
  • Adobe Flash Player 10 or higher.
  • Access to printer and associated software
  • Access to scanner and associated software
  • Digital imaging software
  • File compression software.

Windows users:

  • Microsoft Windows 7 or higher (Windows 8 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Mac OS users:

  • Mac OSX v10.5 or higher (Mac OSX v10.6 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Computing

Access to Accounting Software such as MYOB, Xero, Intuit or Reckon.

Digital equipment

You will need access to:

  • A digital video recording device and/or a digital camera and associated software to save and upload video, image and audio files to OpenSpace. Many mobile phones and smart phones include this technology.
  • Software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc. are available as a free download from the internet.

Equipment

Sharp EL735 calculator is recommended for FNSACC501 and FNSACC503.

Skills

  • Creating, saving and editing Microsoft Office documents
  • Accessing and searching the internet
  • Downloading and saving documents from websites
  • Uploading documents through websites
  • Participating in online discussions
  • Compressing image files

Language, Literacy and Numeracy

Our free online assessment tool can help give you an idea of the language, literacy and numeracy skills needed to study a VET course. This tool can also help you determine your learning level and help you plan your future studies. You can access the Language, Literacy and Numeracy tool here.

Course Materials

This course includes course materials from:

Membership

Students of this course will receive a membership to these organisation(s)

  • The Institute of Certified Bookkeepers (ICB), 24-month student membership 
  • Association for Accounting Technicians (AAT), 12-month student membership
  • Institute of Public Accountants (IPA), 12-month student membership
  • Affiliate membership with The Tax Institute, which provides you with:
    • The sought-after Taxation in Australia journal
    • Weekly TaxVine tax update e-newsletter
    • Free tax technical papers written by tax professionals for tax professionals
    • Unlimited use of the TaxLine research service
    • Access to powerful resources, progressive education and influential networks
    • Discounts on all products, events and services
    • Find out more
  • MYOB AccountRight
  • Access to KeyPay

The Tax Practitioners Board (TPB) also recognises this course, which means that this course meets the TPB's educational requirements to become a registered Business Activity Statement (BAS) agent.

 

Hollie Gourlay

Hollie brings a wealth of industry experience to her role as an accomplished MYOB tutor. She has significant work experience in the areas of tax accounting, systems accounting, and small business bookkeeping. This experience, combined with her knowledge and skills as a computer technician, provides the ideal platform for supporting her students in an online learning mode. Hollie holds a Bachelor of Business (Accounting) from RMIT University, a Diploma of Management, a Certificate IV in Bookkeeping, and a Certificate IV in Training and Assessment.

Jasvir Kaur

Jasvir has worked in training, accounting and lectureship in Sydney and overseas for over 9 years. She is also involved with an accounting firm, which provides bookkeeping and accounting services. She has managed small businesses’ accounting and bookkeeping across many industries. She has lectured at university level in Sydney and overseas for many years. Jasvir has vast accounting and management experience and holds a Diploma of Training and Assessment, Certificate IV in Training and Assessment, a Master of Accounting, Advanced Diploma of Accounting, BAS Agent registrations skills set, Advanced Diploma of Management, a Masters in Economics and a Bachelors in Commerce.

 

Lorraine Danos

Lorraine Danos is an experienced bookkeeper who has been working as a trainer with Open Colleges since 2004. She has worked across many industries, including manufacturing, community services, hospitality and property management, and has particular experience with the transfer of records from manual to computerised systems. Lorraine has also written a bookkeeping course which was certified by the NSW Vocational Education & Training Accreditation Board (VETAB), recently replaced by the Australian Skills Quality Authority.

Masoud Tymouri

Masoud Tymouri, our business, human resources, management and occupational health and safety trainer, is highly experienced in training and assessing both local and international students. The expertise that Masoud has developed during 18-plus years of practical experience is supported by a lengthy list of qualifications. He has successfully completed a Master's of Leadership & Management in Education, Postgraduate Certificate in Educational Studies, Bachelor's of Business, Advanced Diploma of Management, Advanced Diploma of Management (Human Resources), Diploma of Occupational Health & Safety and Certificate IV in Workplace Training & Assessment. Masoud brings all his knowledge and experience to his training role at Open Colleges, and provides every support to his students throughout their learning experience.

Melissa Nettle

Melissa has been employed within the financial services industry for the past 18 years. During this time Melissa has had experience with general accounts, lending, insurances and OHS as well as training, assessing and development. Melissa also holds a Certificate IV in Training and Assessment, obtained through further study with Open Colleges. She enjoys playing sport and in her spare time is a sports development officer and softball academy instructor.

Start learning for less. Our payment options could help you make considerable savings on the cost of this course. 

 

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