Certificate IV in Financial Services (Accounting) FNS40604

Study a Certificate IV in Financial Services (Accounting) from home or online.

This course is designed to equip you with the skills to prepare financial statements, tax forms and operational reports. It will provide you with an understanding of basic legal principles, budgeting, financial reporting, specific tax requirements and the use of the MYOB computer accounting system.

By the end of your course, you’ll be equipped with the necessary skills and knowledge to pursue work in a financial services role.

Possible Careers

  • Payroll Clerk
  • Accounts Receivable/Payable Clerk
  • Assistant Accountant

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 FNS40604 Certificate IV in Financial Services (Accounting).

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.

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…

Pathways to further study

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

  • FNS40207 Certificate IV in Financial Services (Bookkeeping) [6 credits]
  • FNS50204 Diploma of Accounting [5 credits]
  • FNS 60204 Advanced Diploma of Accounting [4 credits]
  • BACC0107 Bachelor of Accounting [5 credits]

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

Association of Accounting Technicians (AAT) Australia Membership

Cengage Education is proud to announce its affiliation with the Association of Accounting Technicians (AAT) Australia, the country’s largest para-professional body in the accounting/finance sector.

AAT Australia is supported by the three major accounting bodies, CPA Australia, the Institute of Chartered Accountants in Australia and the National Institute of Accountants. This relationship offers students a free 12-month student-level AAT Australia membership upon enrolment and post-graduation member benefits.

Upon successful completion of the Certificate IV in Financial Services (Accounting), Cengage Education graduates still on the AAT Australia Student Register will receive either 1 year’s Affiliate AAT Australia Membership or 1 year’s Full AAT Australia Membership completely FREE*

Benefits of AAT Australia Membership:

The AAT Australia website provides members with access to relevant information including a technical resource library, discussion forums and other useful downloads. Members receive regular technical communication from AAT Australia including the official AAT Australia magazine Accounting Technician and monthly email publication, News Update.

You’ll have access to an expanding array of services and work aids at discounted cost, including bookkeeping publications, professional indemnity insurance and other useful, cost-effective benefits.

* subject to approval by AAT Australia

* Terms and conditions apply
Course Number A0007
Course Type Correspondence
Course Duration Max 24 months
Study Hours Approx 615 hrs
Qualification Certificate IV
Nationally Recognised What does this mean?

Additional requirements

  • Access a workplace for the activities throughout the course.

Computer requirements

To complete this course you will need access to:

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

Assessment details

  • 16 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

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

FNSICGEN301B Communicate in the workplace

  • Successful communication
  • Spoken messages and telephone skills
  • Using appropriate language
  • Listening and clarifying information

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

  • What is the financial services industry?
  • Planning work
  • Financial industry guidelines, procedures and legislation
  • Regulation of the financial services sector
  • Legislation
  • Industry standards and codes of practice
  • Policies guidelines and procedures
  • Ethical standards and organisational values
  • Managing information
  • Developing and maintaining personal competency

FNSICGEN302B Use technology in the workplace

  • Maintaining equipment
  • Selecting and using technology
  • Organisational requirements
  • Processing and organising data
  • Coordinating tasks

FNSICGEN304B Apply health and safety practices in the workplace

  • Occupational health and safety legislation
  • Participating in occupational health and safety
  • Identifying training needs
  • Safety checks
  • Encouraging participation

BSBCMN308A Maintain financial records

  • Source documents
  • Process documents
  • Validation of invoices
  • Maintaining credit journals
  • Maintain cash journals
  • The general journal
  • Chart of accounts
  • Format of general accounts
  • Recording transactions in the general ledger
  • Posting journals to the general ledger
  • Posting cash receipt to the journal
  • Posting cash payments to the journal
  • Posting sales to the journal
  • Posting purchases returns and allowances to the journal
  • Preparing a trail balance

FNSACCT407B Set up and operate a computerised accounting system

  • Setting up your business
  • Company details
  • Chart of accounts
  • Entering opening balances
  • Inventory
  • Setting up your inventory
  • Adjusting inventory
  • Recording sales and other items
  • Invoices
  • Quotations
  • Back orders
  • Credit notes
  • Purchase orders
  • Payroll
  • Adding new employee details
  • Preparing the payroll

FNSICACC301B Administer accounts payable

  • Administer accounts payable
  • The purchase journal
  • Trade creditors ledger
  • Paying creditors
  • Batching invoices
  • Reconciling creditors

FNSACCT404B Make decisions in a legal context

  • What is law?
  • Purpose of laws
  • How are laws created?
  • Where do laws come from?
  • How was common law established?
  • Criminal and civil law
  • Australia's system of government
  • Separation of powers
  • States and territories
  • Laws of business
  • Dividing power between States and Commonwealth
  • State courts
  • Tribunals
  • Federal courts
  • High Court of Australia
  • System of appeals
  • Doctrine of precedent
  • National or federal regulators
  • Australian Competition and Consumer Commission (ACCC)
  • Australian Securities and Investments Commission (ASIC)
  • Australian Stock Exchange
  • Australian Taxation Office
  • Austrac
  • Director of Public Prosecutions
  • Financial Reporting Council
  • Office of the Federal Privacy Commission
  • Reserve Bank of Australia
  • State and territory regulators
  • Regulators with international influence
  • Major legislation
  • Corporations Act
  • Financial Transaction Report Act 1988
  • Privacy Act
  • Taxation legislation
  • Managing compliance
  • Cost of non-compliance
  • Key components of a compliance system
  • Developing a culture of compliance
  • Australian standards
  • Establishing the compliance system
  • Corporate governance
  • ASX corporate governance guidelines
  • Internal control
  • Australian Financial Markets Association
  • Investment and Financial Services Association
  • Financial Planning Association of Australia
  • Codes of business conduct
  • Codes of ethics
  • Conflicts of interest
  • Financial reporting requirements
  • Accounting standards

FNSACCT405B Prepare financial statements

  • Importance of accurate records
  • What is a financial statement?
  • Why prepare financial statements?
  • ASIC reporting requirements
  • Corporate structure
  • Accruals
  • General ledger
  • Misallocation warning signs
  • Analysis tools
  • Ratios
  • Preparing financial statements
  • Balance sheet (statement of financial condition)
  • Preparation methods

FNSACCT401B Process business tax requirements

  • Business tax
  • Goods and Services Tax (GST)
  • Fringe Benefits Tax
  • Reporting timelines for business taxes

FNSACCT406B Maintain asset and inventory records

  • Cash flow
  • Assets
  • Depreciation of assets
  • The fixed asset register
  • Accounting for asset disposals
  • Inventory
  • Inventory valuation rules
  • Inventory analysis tools
  • Calculating the average inventory investment period
  • Inventory to sales ratio
  • Turnover analysis
  • Purchasing assets and inventory
  • Obtaining approval for the purchase of assets
  • Tendering
  • Reconciling purchase documentation and invoices
  • Accounts payable
  • Reconciliations
  • Internal controls
  • Inventory purchases
  • Purchasing by credit
  • Sale of Goods Acts
  • Trades Practices Act
  • Keeping purchasing systems on track

FNSACCT402B Produce job costing information

  • Costs
  • Determining true costs
  • Analysing costs and overheads
  • Activity-based costing
  • Different approaches to job costing
  • Standard cost accounting
  • The five steps to ABC implementation
  • Other costing methods

FNSACCT403B Prepare operational budgets

  • What is a budget?
  • Types of budgets
  • The operating budget
  • Performance indicators
  • Operating and capital budgets
  • Cash budget spreadsheets
  • Projecting cash outflows
  • Predicting cost of goods
  • Projecting outflows for expenses
  • Projecting outflows for major purchases
  • Putting it all together

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