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Certificate IV in Bookkeeping FNS40215

Overview

This sought after qualification is designed for people aiming to operate their own bookkeeping business as a contract bookkeeper and/or for employees performing bookkeeping tasks for organisations in a range of industries. It includes the preparation and lodgement of business and instalment activity statement tasks and the provision of advice or dealing with the Commissioner on behalf of a taxpayer in relation to the activity statements. Individuals in these roles apply theoretical and specialist knowledge and skills to work autonomously and exercise judgement in completing routine and non-routine activities. Some of the subjects in this program are offered flexibly enabling you to combine work and study.

This qualification will also meet the Tax Practitioners Board (TPB) requirements for BAS registration. You will need to consult the TPB for further information on http://www.tpb.gov.au/

Qualification: Certificate IV in Bookkeeping FNS40215
Program No: C4-BC30
Campus: CIT Reid  CIT Gungahlin 
Duration: 2 semesters full-time (15 hours) face-to-face classes per week plus up to 15 hours per week of online study and independent learning OR part-time equivalent.
Likely Job Outcome: Employment in a bookkeeping job role with duties that may include establishing and maintaining manual and computerised accounting systems, completing BAS and other office financial statements, developing bookkeeping management systems for organisations.
Application Type: Public; Flexible
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Additional Information

Persons providing a business activity statement (BAS) service must be registered by the Tax Practitioners Board and this qualification is currently cited as meeting the educational requirements for registration. Other conditions apply including a designated period of experience. Persons seeking BAS agent registration should check current registration requirements with the TPB as this is reviewed regularly http://www.tpb.gov.au/

Entry Requirements / How to Apply

For success in this program it is recommended that you have:
- at least 12 months full-time equivalent work experience in the finance industry OR
- the Certificate III in Accounts Administration or be able to demonstrate equivalent skills and knowledge.
You may need to attend an interview to present details of your study and work experience.

WarningIMPORTANT
Before you apply/enrol

To study any course at CIT (excluding degrees and non-accredited training) you must have a Unique Student Identifier (USI). This includes new students and re-enrolling students.

If you don't have a USI that's ok, you can apply right now. It only takes two minutes, just go to usi.gov.au

Already have one? Great! Verify it in our student administration system now so your enrolment or graduation isn't delayed. (New CIT students will not be able to do this until they have been given their CIT number which will be given to you when you apply to study most CIT courses).

  1. Login to CIT Self Service
  2. Click on the link for USI
  3. Verify your USI

It's important that your first name, surname and date of birth in our student system match the ID you use to create your USI (eg if you are Christopher in USI database and Chris at CIT your USI will not verify).

If you need assistance you can go to Unique Student Identifier (USI), drop in to any CIT Library or CITSA office or contact CIT Student Services on 6207 3188.

Literacy Skills Information

We suggest that you will need Australian Core Skills Framework literacy levels of at least 3 across reading, writing, learning, oral communication and, depending on your program of study, numeracy skills to successfully complete this program. See below to check your literacy skills. If you do not have this level, you can still enrol and seek support to improve your skills or you may prefer to begin with the lower level program. Please visit Education and Community or phone (02) 6207 4872 to have a chat to one of our teachers.

Transition Information

Qualifications at CIT are regularly updated or replaced to meet current industry needs and maximise your employment opportunities. If this occurs while you are part way through a qualification, you may need to vary your learning to meet the new national requirements. CIT will aim to make this as smooth as possible for you.

Subject Cancellations/Changes

To ensure positive outcomes for all students, CIT may need to cancel or change classes at short notice. CIT will make every effort to inform students as soon as changes are made and will also make every effort to offer alternative arrangements for students to meet the requirements of the subject and complete their qualification. In an unfortunate instance when this cannot be met, you will receive a full refund. Please ensure you maintain current contact details via CIT Self Service or by contacting CIT Student Services at infoline@cit.edu.au.


Subject Information

Core and selected electives - complete all 11 subjects

  • BSBFIA401  Prepare financial reports
    • CIT Code: ACCT230
      Cost: $100.00
      Description:

      This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.

      Prerequisites: Nil
  • BSBITU306  Design and produce business documents
    • CIT Code: MGNT384
      Cost: $160.00
      Description:

      This unit describes the skills and knowledge required to design and produce various business documents and publications. It includes selecting and using a range of functions on a variety of computer applications.
      It applies to individuals who possess fundamental skills in computer operations and keyboarding. They may exercise discretion and judgement using appropriate theoretical knowledge of document design and production to provide technical advice and support to a team.

      Prerequisites: Nil
  • FNSBKG401  Develop and implement policies and procedures relevant to bookkeeping activities
    • CIT Code: ACCT366
      Cost: $60.00
      Description: This unit describes the skills and knowledge required to develop, implement and maintain policies and practices required to ensure the provision of quality service for in-house or contracted bookkeeping activities. It applies to individuals who occupy roles with some responsibility and may use a range of research and organisational techniques to establish and carry out their work requirements in a wide range of industries.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
  • FNSBKG402  Establish and maintain a cash accounting system
    • CIT Code: ACCT367
      Cost: $80.00
      Description:

      This unit describes the skills and knowledge required to establish and administer a cash receipts and payments system, and manage bank reconciliations and reporting responsibilities for manual and computerised systems. It applies to individuals in positions with some responsibility who may use a range of organisational and analytical techniques to provide bookkeeping services for organisations and small business owners or managers.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

      Prerequisites: Nil
  • FNSBKG403  Establish and maintain an accrual accounting system
    • CIT Code: ACCT368
      Cost: $80.00
      Description: This unit describes the skills and knowledge required to establish debtors and creditors, manage debt recovery, perform reconciliations and prepare reports for accrual accounting in manual and computerised accounting systems. It applies to individuals who may use managerial and other techniques to provide contract bookkeeping services for organisations and small business owners.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: ACCT367 FNSBKG402A Establish and maintain a cash accounting system
  • FNSBKG404  Carry out business activity and instalment activity statement tasks
    • CIT Code: ACCT345
      Cost: $80.00
      Description: This unit describes the skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS) and other required reports. It applies to individuals who use a range of organisational and analytical techniques to work within organisations or to supply specific bookkeeping services as a small business owner or contractor.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet the educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
  • FNSBKG405  Establish and maintain a payroll system
    • CIT Code: ACCT369
      Cost: $60.00
      Description:

      This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries and process accurate payroll data for manual and computerised systems. It applies to individuals who use a range of organisational and other specialist techniques. They may work directly for organisations or be small business owners, contractors or service providers.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements

      Prerequisites: Nil
  • FNSINC401  Apply principles of professional practice to work in the financial services industry
    • CIT Code: ACCT374
      Cost: $60.00
      Description:

      This unit describes the skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work. It applies to individuals who work in senior roles in the financial services industry and underpins other specialist units used in all sectors of the industry.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

      Prerequisites: Nil
  • BSBITU304  Produce spreadsheets
    • CIT Code: COMP365
      Cost: $70.00
      Description:

      This unit describes the skills and knowledge required to develop spreadsheets through the use of spreadsheet software.
      It applies to individuals employed in a range of environments who tend to be personally responsible for designing and working with spreadsheets under minimal supervision.

      Prerequisites: Nil
  • FNSACC301  Process financial transactions and extract interim reports
    • CIT Code: ACCT361
      Cost: $120.00
      Description: This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
  • FNSACC302  Administer subsidiary accounts and ledgers
    • CIT Code: ACCT362
      Cost: $80.00
      Description: This unit describes the skills and knowledge required to reconcile and monitor financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, and remit payments to sundry creditors. It applies to individuals who use specialised knowledge and follow agreed processes to problem solve within their area of responsibility.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil

Electives - complete 2 of 4 subjects

Note - not all electives will be offered every semester
  • BSBITU402  Develop and use complex spreadsheets
    • CIT Code: COMP222
      Cost: $100.00
      Description:

      This unit describes the skills and knowledge required to use spreadsheet software to complete business tasks and produce complex documents.
      It applies to individuals employed in a range of work environments who require skills in creation of complex spreadsheets to store and retrieve data. They may work as individuals providing administrative support within an enterprise, or may be independently responsible for designing and working with spreadsheets relevant to their own work roles

      Prerequisites: Nil
  • FNSACC303  Perform financial calculations
    • CIT Code: ACCT363
      Cost: $60.00
      Description:

      This unit describes the skills and knowledge required to use a range of common calculation methods and techniques for conducting routine financial calculations and transactions. It applies to individuals who use literacy and numeracy skills to perform common computational tasks as part of an operational job role.

      Prerequisites: Nil
  • FNSACC405  Maintain inventory records
    • CIT Code: ACCT364
      Cost: $40.00
      Description: This unit describes the skills and knowledge required to comply with organisational inventory procedures, reconcile inventory records to general ledgers, record inventory flows, prepare schedules and produce ad hoc reports. It applies to individuals who use specialised financial knowledge and follow procedures to ensure compliance with required standards.
      Prerequisites: Nil
  • FNSACC406  Set up and operate a computerised accounting system
    • CIT Code: COMP337
      Cost: $160.00
      Description: This unit describes the skills and knowledge required to modify and operate an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions within the system, maintaining the system, producing reports and ensuring system integrity. It applies to individuals who within their area of responsibility use specialised knowledge, information technology and coordination skills to establish and maintain an organisational system.
      Prerequisites: Nil

Related Courses

Advanced Diploma Accounting FNS60215
Diploma Accounting FNS50215
Certificate IV Accounting FNS40615
Certificate III Accounts Administration FNS30315
Statement Attainment Tax Law for Tax Agents Skill Set (Tax documentation) FNSSS00008
Statement Attainment BAS Agent Registration Skill Set FNSSS00004
Statement Attainment Commercial Law for Tax Agents Skill Set FNSSS00005
Statement Attainment training Bookkeeping using MYOB [extract from BSB30415]
Non-Accredited Training Accounts for Trades

More Information

For more information about this course please contact CIT Student Services on (02) 6207 3188 or email infoline@cit.edu.au