Certificate IV in Financial Services (Bookkeeping) FNS40207

Keep the books professional

This course is designed for students who would like a career in professional contract bookkeeping, or bookkeeping for their own business. With an ideal combination of written assessments and 7 MYOB 17 computer-based assessments, this course will give students a comprehensive background in the highly sought-after field of business bookkeeping.

Students learn a broad range of bookkeeping essentials, including MYOB 17 computerised accounting, preparing financial statements, maintaining asset and inventory records, payroll and BAS.

Enrolled students are eligible to apply for complementary Student Membership with the Institute for Certified Bookkeepers (see details below). This course and its associated Student Membership will benefit those considering bookkeeping as a professional career, and for small business owners.

Key areas of learning:

  • FNSICIND401B: Apply principles of professional practice to work in the financial services industry
  • FNSICGEN301B: Communicate in the workplace
  • FNSICGEN304B: Apply health and safety practices in the workplace
  • FNSICGEN302B: Use technology in the workplace
  • FNSACCT405B: Prepare financial statements
  • FNSBKPG405A: Establish and maintain a payroll system
  • FNSBKPG404A: Carry out business activity and instalment activity statement tasks
  • FNSBKPG402A: Establish and maintain a cash accounting system
  • FNSBKPG403A: Establish and maintain an accrual accounting system
  • FNSBKPG401A: Develop and implement policies and practices relevant to bookkeeping activities
  • FNSACCT406B: Maintain asset and inventory records
  • FNSICCUS401B: Deliver a professional service to customers
  • FNSICGEN404B: Resolve disputes
  • MYOB 17

On completion of your course:

About our NSW VETAB accreditation
About our Nationally Recognised Training accreditation
Upon successful completion of this course you will receive a nationally recognised qualification FNS40207 Certificate IV in Financial Services (Bookkeeping).

Cengage Education is a Registered Training Organisation (Provider Number: 90796) registered with NSW VETAB (Vocational Education and Training Accreditation Board).

Austudy approved

This course is Austudy approved, please apply directly to Centrelink to receive this benefit. Get more information about Financial Assistance programs.

The Institute of Certified Bookkeepers – Student Membership

The Institute of Certified Bookkeepers (ICB) goal is to provide bookkeepers (and prospective bookkeepers) with superior support, which will provide them with the skills to perform exceptional bookkeeping services.

As one of the world’s largest bookkeeping institutes, the ICB aims to bring structure and certainty to the bookkeeping industry, and recognition to bookkeepers for the work they do.

Students enrolling into the Certificate IV in Financial Services (Bookkeeping) course, will gain complementary 12-month Student Membership with The Institute of Certified Bookkeepers, providing them with access to:

  • Membership card
  • Free technical help line
  • Regional meetings
  • Support network (phone and email)
  • Professional development seminars
  • Technical downloads
  • Monthly newsletter

Upon successful completion of the Cengage Education Certificate IV in Financial Services (Bookkeeping) course, students may apply to advance their membership with the ICB (conditions apply – contact the ICB for full details).

Providing the bookkeepers of tomorrow with the knowledge to succeed in today’s business world.

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Course Number B0026
Course Type Correspondence
Course Duration Max 24 months
Study Hours Approx 390 hrs
Qualification Certificate IV
Nationally Recognised What does this mean?

Prerequisites

No previous knowledge or experience is required to take this course.

Learning Periods:

This course is divided into 7 learning periods

Additional requirements

We strongly recommend that students undertaking this course have access to a workplace as some of the learning activities require students to be within a workplace environment, in order to complete the activities

Computer requirements

To complete this course you will need access to:

  • A computer with Windows® 95/98 or higher
  • CD-ROM drive.

It is recommended that students have access to Internet and e-mail facilities.

Assessment details

  • 13 written assessments
  • 7 MYOB computer based assessments

Extra learning materials included

  • Textbook: Working in the Finance Industry
  • Textbook: MYOB 17
  • MYOB CD Rom

Student Membership

Students are eligible for 12-month complementary membership with the Institute of Certified Bookkeepers.

Subjects You’ll Cover

FNSICIND401B: Apply principles of professional practice to work in the financial services industry

  • What is the financial industry?
  • Planning work
  • Financial industry guidelines, procedures and legislation
  • Regulation of the financial services sector
  • Legislation
  • Industry Standards and Codes of practice
  • Ethical standards and organisational values
  • Manage information
  • Develop and maintain personal competency

FNSICGEN301B: Communicate in the workplace

  • Communicate within the workplace
  • Successful communication
  • Spoken messages and telephone skills

FNSICGEN304B: Apply health and safety practices in the workplace

  • Occupational Health and Safety
  • Participating in Occupational Health and Safety
  • Identifying training needs
  • Safety checks
  • Encouraging participation

FNSICGEN302B: Use technology in the workplace

  • Use technology in the workplace
  • Maintaining equipment
  • Selecting and using technology
  • Organisational requirements
  • Processing and organising data
  • Co-ordinating your tasks

FNSACCT405B: Prepare financial statements

  • Importance of good records
  • What is a financial statement?
  • Why prepare financial statements?
  • Australian Securities & Investments Commission reporting requirements
  • What is your corporate structure?
  • Accruals
  • General ledger
  • Misallocation warning signs
  • Analysis tools
  • Ratios
  • Preparing financial statements
  • Balance sheets
  • Preparation methods

FNSBKPG405A: Establish and maintain a payroll system

  • Tax obligations
  • Establishing an effective payroll system
  • Employee records
  • Handling and processing personal information
  • Employer obligations checklist
  • Prepare payroll records
  • Payroll register
  • Payroll Journal entry for salaries and wages
  • Payroll tax thresholds
  • Payroll enquiries
  • PAYG withholding for business

FNSBKPG404A: Carry out business activity and instalment activity statement tasks

  • Goods and Services Tax (GST)
  • Fringe benefits tax
  • Complete and reconcile the activity statement
  • Reporting timeline for business taxes
  • The approval process
  • Lodge activity statement
  • Lodgement methods
  • Payment summaries
  • Payroll reports
  • Networking

FNSBKPG402A: Establish and maintain a cash accounting system

  • Cash flow
  • Chart of Accounts and the general ledger
  • The accounting cycle
  • Selecting an accounting system
  • Cash basis accounting
  • Accrual accounting
  • Getting started
  • Business entities
  • Identifying your business activities
  • GST and cash or accrual accounting
  • Documentation
  • Keeping good business records
  • Tips for staying on top of your books
  • Establishing the Chart of Accounts for a cash accounting system
  • The general ledger
  • Keeping track of the money
  • Keeping journals
  • Balancing the cash register-a retail application
  • Set-up and maintain a petty cash system
  • Credit card transactions
  • Bank reconciliations
  • Prepare and produce reports
  • Closing the books
  • The trial balance

FNSBKPG403A: Establish and maintain an accrual accounting system

  • Managing the chart of accounts for an accrual accounting system
  • Establishing debtors and creditors ledgers
  • Debtors ledger
  • Issuing invoices
  • Processing payments
  • Creditors ledger
  • Managing contra-entries
  • Debtors and creditors and financial statements
  • Identify and process bad and doubtful debts
  • Managing debt recovery
  • Example of a credit policy on bad and doubtful debt management
  • Bad debts

FNSBKPG401A: Develop and implement policies and practices relevant to bookkeeping activities

  • Bookkeeping systems
  • Accounting systems
  • Business entities
  • Sole proprietorship
  • Partnership
  • Company
  • Factors to consider
  • The bookkeeping role
  • Policies and practices
  • Professional development
  • Essential references for bookkeepers
  • Codes of Practice
  • Books a company should keep
  • Legislative, statutory, regulatory and industry requirements
  • Register for taxation
  • Set up and maintain bookkeeping systems
  • Bookkeeping functions
  • Chart of accounts
  • Day to day financial functions
  • Reviewing bookkeeping systems
  • Important information for bookkeeping providing BAS services

FNSACCT406B: Maintain asset and inventory records

  • Let’s get started
  • Understanding how cash flow works
  • Assets
  • Categories of fixed assets
  • Depreciation of assets
  • The fixed asset register
  • Reviewing the value of assets
  • Accounting for asset disposals
  • Inventory
  • Inventory: Periodic and perpetual records
  • Inventory valuation rules
  • Inventory analysis tools
  • Turnover analysis
  • Purchasing assets/inventory for your own business
  • Tendering
  • Reconciling your purchase documentation and invoices
  • Accounts payable
  • Inventory purchases
  • Keeping your purchasing system on track

FNSICCUS401B: Deliver a professional service to customers

  • Background to bookkeeping
  • What is customer service?
  • Who are your customers?
  • Identifying and clarifying customer needs and expectations
  • Developing the customer services strategy
  • Communicating with customers
  • Communicating on the telephone
  • Delivering a customer service strategy
  • Handling complaints
  • Evaluating your customer service
  • Customer confidentiality

FNSICGEN404B: Resolve disputes

  • Resolving disputes
  • Negotiation strategies
  • Communication skills

MYOB 17

  • Accounts
  • Banking
  • Purchases
  • Sales
  • Inventory
  • Integrated
  • Payroll