COURSE GUIDE

Certificate IV in Accounting and Bookkeeping FNS40222

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Introduction

Our nationally recognised FNS40222 Certificate IV in Accounting and Bookkeeping is designed to provide you with a strong range of accounting skills to start your own business or register as a Business Activity Statement (BAS) Agent.

Course Breakdown

E1417

FNS40222 Certificate IV in Accounting and Bookkeeping

Course duration: Self-paced - maximum of 24 months

Recommended hours per week: 13.0 h

Qualification level: Certificate IV

Delivery method: Online

Awarded by: Open Colleges Pty Ltd (Provider number: 90796)

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Industry Overview

The number of available jobs in bookkeeping over the next five years (2021-2026) is expected to decline by 5.6%. However, this sector has a very large occupation (94,400 in 2021) suggesting that jobs within this sector will be available in most regions.

Source: https://labourmarketinsights.gov.au/

Is this course for you?

Individuals currently in non-bookkeeping/accounting roles who are intending to transition their career into bookkeeping or entry level accounting roles and/or registering as a BAS Agent and have less than 2 years of experience in Accounting and Bookkeeping roles.

If you are an existing worker or have experience in the related industry, please inform our enrolment consultants during your enrolment conversation. You may be eligible to enrol as an existing worker and complete your studies faster. Please note - limitations do apply.

What you will learn

This course will give you a wide-range of job-ready bookkeeping and accounting skills. It’s the perfect combination of theory and practical – not only will you learn how to manage and operate accounting systems, but you will get the chance to use them and put your skills to the test.

During the course, you will learn following:

  • 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
  • Finalising financial records after year-end

Learning Material

Your learning materials are accessed through our online platform OpenSpace. These learning materials include:

  • Learning content
  • Media
  • Additional resources
  • Practice activities
  • Simulated business environments
  • Self-checks

Learners will also be provided with access to Reckon Accounting software.

Your trainer

Kimberly Kim
Kimberly has over 11 years’ experience in training and assessment in tertiary and vocational education and training institutes.  She has also run her own public accounting and tax practice for over two years, after 10 years of working in tax and accounting field.
Rosalie Pellew
Rosalie Pellew has over 30 years' experience in customer engagement; workplace training and assessment; facilitating adult education; leading and coaching customer contact teams; and supporting on-line learning students.
Tanya Galey
Tanya has many years of experience working in the Airline Industry through her role at World Aviation Systems who represent various airlines here in Sydney (Air Tahiti Nui and Hawaiian Airlines to name a few). She has extensive knowledge of Sales, marketing, reservations and the general business operations of an Airline.
Mohammad Rahman
Mohammad has been in the Accounting and Finance field since 2015, taking on various roles like bookkeeper, taxation accountant, financial accountant, and payroll officer. His experience triggered his interest in becoming an Accounting Trainer in vocational education.
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Academic 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.

Certificate IV in Accounting and Bookkeeping

FNSACC418
Work effectively in the accounting and bookkeeping industry
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  • Develop professional working relationships
  • Identify compliance requirements and support materials
  • Set up and maintain systems to meet compliance requirements
  • Work autonomously or in a team to complete work activities
  • Develop and maintain own competency
BSBTEC301
Design and produce business documents
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  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document
BSBTEC302
Design and produce spreadsheets
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  • Select and prepare resources
  • Plan spreadsheet design
  • Create spreadsheet
  • Produce charts
  • Finalise and present spreadsheets
FNSACC321
Process financial transactions and extract interim reports
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  • Check and verify supporting documentation
  • Prepare and process banking and petty cash documents
  • Prepare and process payable and received invoices
  • Prepare journals
  • Update financial data and systems
  • Prepare deposit facility and lodge flows
  • Finalise trial balance and interim reports
FNSACC322
Administer subsidiary accounts and ledgers
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  • Review accounts receivable requirements
  • Identify bad and doubtful debts
  • Review client compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditor invoices for authorisation
  • Remit payments to creditors
  • Reconcile outstanding balances
5/ modules
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Assessment Details

  • Multiple Choice Quiz
  • Project
  • Role Play
  • Video
  • Written Assessment

Recognition of Prior Learning (RPL)

We understand that you may already have many skills and areas of expertise that you have obtained in different ways and these are recognised through our Recognition of Prior Learning (RPL) process.

Our Credit Transfer & Recognition of Prior Learning Policy, available in the Key Student Information section of our website, provides more information about our RPL process. Alternatively, you can contact an Enrolment Consultant to discuss your RPL options.

Course Duration

The duration for the course is maximum 24 months. As a self-paced online course, the time it will take you to complete is flexible and dependent on ability and time available.

Entry Requirements

Recommended Local Entry Requirements

Students will need to be at least 18 years old. Students under 18 will need a parent or guardian to complete the parent or guardian declaration on the Enrolment Form.

Students residing in WA/NT under the age of 18, who are not currently studying for their year 12 certificate cannot be enrolled.

Students are recommended to have the language, literacy, and numeracy skills that ensure the ability to read and comprehend technical terms and communicate effectively through email.

These skills are equivalent to:

  • Successfully completed Year 12 OR
  • Successful completion of a nationally recognised Certificate III qualification or higher OR
  • 3 years of relevant industry experience in a role that requires the use of written documentation and communication
Tools, equipment, and skills required:
  • Access to up to 3 people to participate in role plays and assessments
  • Access to a device with audio & video capabilities to record simulated role-play tasks for submission
  • A simulated environment that reflects workplace conditions for role-play with facilities and equipment
  • Access to office equipment including telephone, photocopier / printer / scanner in a safe environment that includes an ergonomically sound computer workstation
  • Tripod to provide a stable and secure platform to mount the digital recording device
  • Basic computing skills
  • Access to a modern computer with high-speed internet
  • Access to Microsoft Office

The BAS units require 40% of the unit to be under independent supervision. Open Colleges provides access to ProctorU, a free online supervision service if students book their exam 72 hours in advance. Students can arrange a supervisor if they meet Tax Practitioners Board (TPB) requirements.

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Study and pay, your way

Payment Options

Week to week
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Pay in $200.00 today & then over 78 instalments
$67.95 Weekly
Total course cost: $5,500.00
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was $5,900.00
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Full course breakdown
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Studying online with Open Colleges

Flexibility - study at your own pace

When you study online with Open Colleges you’re in control.

You can choose to complete your course quickly, or keep to a steady pace. Learning is fully flexible so you can fit your everyday commitments around your studies.

Everything you need to study is online so you can study wherever you like – but that doesn’t mean you’re on your own.

OpenSpace is our online learning platform. It’s where you’ll go to access your learning materials, contact your expert trainers and assessors and upload your assessments.

What is OpenSpace?

It’s important to us that we deliver a superior, online learning platform that meets our students’ needs. That’s why we have upgraded to our brand new, custom-designed learning platform, OpenSpace.

OpenSpace provides you with a user-friendly interface, that is mobile responsive. This means that you can complete your coursework using your laptop, iPad, or mobile device. All coursework is automatically saved, providing you with the flexibility you need to complete your studies anywhere, anytime.

How to get support?

Learning Support

The learning support team will be with you every step of the way, from enrolment to graduation. They’re here to help you get the most out of your online course. They can assist by providing non-academic support - like helping you craft an achievable study plan so that you can graduate in a realistic timeframe. If you’re finding it tough to stay motivated throughout your course, they’ll be there to help keep you on track.

Student support

The Student Support team is your one-stop service centre for all student administrative issues – including enrolment, change of contact details, OpenSpace support, assessment results and certification. You can access the Student Support team by email or phone.

Trainer Support

Studying online doesn’t mean you’re on your own. Our trainers are here to help — whether you want to book a chat, send an email, join a webinar, or take part in a discussion forum. We’ve made it easy for you. Each study area has dedicated booking links and contact details, all available in OpenSpace account, so you can quickly connect with your trainer or ask a question when you need support.

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How would you like to pay for your course?
  • Pay Upfront

    Best Value

    Upfront Cost:

    $3,540.00 $5,900.00

    • One off payment

    • Save 40%

    • Total course cost: $3,540.00 was $5,900.00

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    • Get the best value when you pay upfront

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  • Payment Plan

    Spread the Cost

    Per Week:

    $67.95

    • Pay in 78 weekly instalments

    • Save 7%

    • Total course cost: $5,500.00 was $5,900.00

  • View more details View less details

Speak with an advisor to discuss your payment options. Call 1300 853 033.

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Kimberly Kim

Accounting & Finance
Kimberly has over 11 years’ experience in training and assessment in tertiary and vocational education and training institutes.  She has also run her own public accounting and tax practice for over two years, after 10 years of working in tax and accounting field.
Kimberly holds a Masters of Business Administration majoring in Professional Accounting and is a Certified Professional Accountant with a passion for teaching.
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Rosalie Pellew

Business & Leadership
Rosalie Pellew has over 30 years' experience in customer engagement; workplace training and assessment; facilitating adult education; leading and coaching customer contact teams; and supporting on-line learning students.
Rosalie’s experience spans various industries from retail and telecommunications to food production. Rosalie has been in Vocational Education and Training (VET) sector for over 14 years.

Pursuing her passion for adult education, Rosalie refocused into student services to assist students through their learning journey and beyond to training and assessing. She holds a Certificate IV in Training & Assessment, Diplomas in Teaching, Adult Education, Business Administration, Business and Leadership & Management.
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Tanya Galey

Business & Leadership
Tanya has many years of experience working in the Airline Industry through her role at World Aviation Systems who represent various airlines here in Sydney (Air Tahiti Nui and Hawaiian Airlines to name a few). She has extensive knowledge of Sales, marketing, reservations and the general business operations of an Airline.
Through her role at World Aviation she travelled extensively and gained knowledge on various destinations first hand. Tanya has been teaching Certificate III and Diploma of Tourism for the past 10 years to pass on her passion/knowledge for the Tourism Industry to her students. Recently Tanya has received her Certificate IV in Business Administration to supplement her current role as Operations Manager of a financial planning firm. While still consulting with the travel industry she has been in the financial Industry for the past 5 years developing relevant policies/procedures and complying with regulatory practices.

Tanya’s qualifications are Diploma of Tourism, Certificate IV in Tourism, Certificate III in Tourism , Certificate IV in Training & Assessment and Certificate IV in Business Administration.
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Mohammad Rahman

Accounting & Finance
Mohammad has been in the Accounting and Finance field since 2015, taking on various roles like bookkeeper, taxation accountant, financial accountant, and payroll officer. His experience triggered his interest in becoming an Accounting Trainer in vocational education.
Since 2017, he's been training and assessing Accounting in different institutes, including TAFE. He's deeply passionate about teaching and finds joy in sharing his knowledge and experience with learners. With a Bachelor of Business and Commerce in Accounting, Mohammad brings both academic and practical expertise to his role, ensuring students are well-prepared for the industry.
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