Certificate IV in Financial Services (Bookkeeping) FNS40207

Study a Certificate IV in Bookkeeping from home or online.

If you’re looking to maintain the financial records for your own business or are considering a career as a contract bookkeeper, this course will provide you with the knowledge you need.

You’ll learn a broad range of bookkeeping essentials, including MYOB computerised accounting, how to prepare financial statements, how to maintain asset and inventory records as well as important payroll procedures. As a Cengage Education student, you’ll also be eligible to apply for complementary Student Membership with the Institute for Certified Bookkeepers (see details below).

Upon completion of your studies, you’ll also meet the minimum education requirements to register as a Business Activity Statement (BAS) Agent under the new Tax Agents Services Act 2009.

Possible careers

  • Bookkeeper
  • Payroll Officer
  • Small Business Operator

On completion of your course:

About our NSW VETAB accreditation
About our Nationally Recognised Training accreditationUpon 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).

Pathways to further study

Students who successfully complete the Certificate IV in Financial Services (Bookkeeping) may be eligible for credit towards:

  • FNS40604 Certificate IV in Financial Services (Accounting) [6 credits]
  • FNS50204 Diploma of Accounting [4 credits]
  • FNS 60204 Advanced Diploma of Accounting [4 credits]
  • BACC0107 Bachelor of Accounting [4 credits]

 

For more information call a Course Advisor today on 1300 853 033.

Austudy approved

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

Skilling Australia for the Future

Productivity Places Program You may be eligible to study at no cost to you under the Federal Government’s Targeted participate in training under the Productivity Places program. Click here to find out more…

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.

* Terms and conditions apply
Course Number B0026
Course Type Correspondence
Course Duration Max 24 months
Study Hours Approx 540 hrs
Qualification Certificate IV
Nationally Recognised What does this mean?

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

Included materials:

  • Textbook: Working in Financial Services Industry
  • MYOB  Textbook and Student Edition CD
  • Quickstart files
  • MYOB Test Drive Pack

Credit Transfer Arrangements

Students who successfully complete this Certificate IV qualification will be eligible for at least four (4) units of advanced standing in related undergraduate courses at Cengage Education.

Student Membership

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

Entry requirements
Certificate III & Certificate IV courses

School Certificate or equivalent OR relevant qualification OR relevant vocational experience.

English Language Requirements:

If English is your second language and you did not complete the last two years of secondary education in English you are required to provide evidence of English language competence before enrolling. Examples of appropriate evidence are:

Evidence

Example

IELTS

Overall score of 5.5

TOEFL

530 (paper), 197 (computer) or 71 Internet.

Evidence of employment in an English speaking country.

12 month period of employment: Letters of Appointment, Letters of Reference, Testimonials, Performance Appraisals etc

Not sure if you meet the entry requirements?
Please call 1300 853 033

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 18

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

* Fortnightly payment plans also available –     call our Sales team on 1300 853 033 .

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