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Certificate IV in Accounting and Bookkeeping FNS40217
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Overview

This qualification reflects the job roles of workers in the accounting industry, including BAS Agents and contract bookkeepers; and of those employees performing bookkeeping tasks for organisations in a range of industries. It includes preparing and lodging business and instalment activity statements, and providing advice or dealing with the Commissioner on behalf of a taxpayer in relation to 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.

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/

This qualification is available flexibly and you can enrol to commence your studies at any time. Alternatively you may enrol for day or evening classroom delivery at the start of each semester.

Qualification:

 Certificate IV in Accounting and Bookkeeping FNS40217

Course No:

 C4-BT12

Campus:

 CIT Reid  face-to-face classes and online support
Flexibly at CIT Reid  CIT Tuggeranong  CIT Gungahlin  CIT Bruce 

Duration:

 1 semester full-time (20 hours) face-to-face classes per week plus up to 20 hours per week of online study and independent learning OR part-time equivalent if you already have FNS30317Certificate III in Accounts Administration.

Cost Info:

The 2023 Semester 1 enrolment fees for this course are based on the costs per subject as indicated below. The total course cost may vary depending on the choice of elective subjects or if subjects are attempted more than once. Subject costs identified as Standard are partially subsidised by the ACT Government. Concessions may be available to eligible students.

Indicative Cost:

 Standard $1,430
Apprentice/Trainee
  • Subsidised fee $430

Likely Job Outcome:

 Employment in bookkeeping and accounting roles such as completing BAS, completing other office taxes, computerised accounting systems, preparing payroll, operational reporting, producing management reports and managing a small office.

Application Type:

 Standard
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Timetable Information

To help with the enrolment process print your timetable, or keep the window open, so that you can refer back to it for your course code, course name, and the Course Reference Numbers (CRNs) or Block Code.

Additional Information

Watch our online information session to find out more.

This qualification will lead into FNS50217 Diploma of Accounting.

Persons seeking BAS agent registration should check with the Tax Practitioners Board (TPB) for details of current registration requirements, including those relating to experience and, fitness and propriety http://www.tpb.gov.au/.

For success in this course it is recommended that you have FNS30317 Certificate III in Accounts Administration or equivalent skills and knowledge.

Skills Recognition

Entry Requirements

Open Entry

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

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 course of study, numeracy skills to successfully complete this course. 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 course. Please visit Foundation Skills.

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

Complete 13 subjects

Core: Complete all 8

  • BSBFIA401   Prepare financial reports
    • CIT Code: ACCT230
      Cost: Standard $110.00
      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. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • BSBSMB412   Introduce cloud computing into business operations
    • CIT Code: COMP383
      Cost: Standard $110.00
      Description: This unit describes the skills and knowledge required to understand the fundamentals of internet computing and cloud services. It involves undertaking a basic review of business computing needs and identifying options for introducing cloud computing services into a small business or work area in an organisation. It applies to individuals who use problem-solving skills and take responsibility for adopting and promoting approaches to improve business operations.
      Prerequisites: Nil
  • FNSACC311   Process financial transactions and extract interim reports
    • CIT Code: ACCT431
      Cost: Standard $132.00
      Description: This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journal entries 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 Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil
  • FNSACC312   Administer subsidiary accounts and ledgers
    • CIT Code: ACCT432
      Cost: Standard $88.00
      Description: This unit describes the skills and knowledge required to reconcile and monitor subsidiary accounts in financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, record creditor invoices, and remit payments to sundry creditors.It applies to individuals who use specialised knowledge and follow agreed processes to problem solve within the scope of own responsibility.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil
  • FNSACC408   Work effectively in the accounting and bookkeeping industry
    • CIT Code: ACCT446
      Cost: Standard $88.00
      Description: This unit describes the skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.It applies to individuals who occupy roles with some responsibility and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting industry.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil
  • FNSACC416   Set up and operate a computerised accounting system
    • CIT Code: COMP386
      Cost: Standard $176.00
      Description: This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.It applies to individuals who, within the scope of own responsibility, use specialised knowledge, information technology, and planning and organising skills to establish and maintain an organisational system in service and trading environments.
      Prerequisites: Nil
  • FNSTPB401   Complete business activity and instalment activity statements
    • CIT Code: ACCT444
      Cost: Standard $110.00
      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 in 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 education requirements of the Tax Practitioner Board (TPB). Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil
  • FNSTPB402   Establish and maintain payroll systems
    • CIT Code: ACCT445
      Cost: Standard $99.00
      Description: This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for manual and computerised systems.It applies to individuals, including BAS agents, 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 the education requirements of the Tax Practitioner Board (TPB). Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil

Electives: Complete 5

  • BSBITU306   Design and produce business documents
    • CIT Code: MGNT384
      Cost: Standard $176.00
      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. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • BSBITU402   Develop and use complex spreadsheets
    • CIT Code: COMP222
      Cost: Standard $110.00
      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. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • BSBWRT301   Write simple documents
    • CIT Code: COMM343
      Cost: Standard $66.00
      Description: This unit describes the skills and knowledge required to plan, draft and finalise a basic document. It applies to individuals who apply a broad range of competencies in various work contexts and may exercise some discretion and judgement to produce a range of workplace documentation. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • FNSACC313   Perform financial calculations
    • CIT Code: ACCT433
      Cost: Standard $66.00
      Description: This unit describes the skills and knowledge required to use a range of routine calculation methods and techniques when performing routine financial calculations and checking calculation outcomes.It applies to individuals who use literacy and numeracy skills to perform routine computational tasks as part of their operational job role.
      Prerequisites: Nil
  • FNSACC414   Prepare financial statements for non-reporting entities
    • CIT Code: ACCT436
      Cost: Standard $132.00
      Description: This unit describes the skills and knowledge required to prepare financial statements for entities that do not have a statutory duty to file financial reports with government agencies and regulators.It applies to individuals who use specialised knowledge and systematic approaches to collate and prepare financial information in line with accounting standards.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil

Related Courses

Advanced Diploma Accounting FNS60222
Diploma Accounting FNS50222
Certificate III Accounts Administration FNS30317
Statement Attainment BAS Agent Registration Skill Set FNSSS00004
Statement Attainment Commercial Law for Tax Agents Skill Set FNSSS00005
Statement Attainment Tax Law for Tax Agents Skill Set (Tax documentation) FNSSS00008
Statement Attainment Accounting Principles Skill Set FNSSS00014
Statement Attainment Accounting Fundamentals
Statement Attainment Preparing to Work in Government

More Information

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