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Certificate IV in Accounting and Bookkeeping FNS40222
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Overview

The Accounting and Bookkeeping qualification covers the requirements of those in finance roles in a variety of industries.

It includes preparing and lodging business and instalment activity statements, data processing, monthly reconciliations, preparing budgets, preparing reports on financial performance and the position of the business, preparing end-of-year adjustments, and finalising financial records after year-end. Dealing with the Commissioner of Taxation on behalf of a taxpayer in relation to activity statements and other lodgement matters.

This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. If you are seeking registration with the TPB you should check current registration requirements with the TPB.

Qualification:

 Certificate IV in Accounting and Bookkeeping FNS40222

Next Intake:

 Always open

Course No:

 C4-BT22

Campus:

 CIT Tuggeranong  CIT Gungahlin  CIT Bruce 
Face-to-face classes, online support and flexibly at CIT Reid


*From Semester 2 2025, the location of this course will transition from CIT Reid to the new CIT Woden campus. CIT will provide support for students who will be making the move to Woden. Learn more.

Duration:

 1 semester full-time (20 hours) face-to-face classes per week plus up to 20 hours per week of self-directed study, project and assignment work OR part-time equivalent in night classes or flexible learning.

IMPORTANT NOTE: Students who do not hold the 5 Certificate III in Accounts Administration subjects included in the Certificate IV in Accounting and Bookkeeping will need to complete them prior to enrolling in the Certificate IV in Accounting and Bookkeeping.

Contact us if you have accounting experience or related qualifications such as FNS30322 Certificate III in Accounts Administration.

Cost Info:

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 fee $1,565
Apprentice/trainee
  • Subsidised fee $490

Likely Job Outcome:

 Bookkeeper, BAS Agent, Accounts Officer, Payroll Officer, Office Manager

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

Successful completion of this course will lead to the Diploma of Accounting.

This qualification is part of a suite of courses that includes Certificate III in Accounts Administration, Certificate IV in Accounting and Bookkeeping, the Diploma of Accounting and the Advanced Diploma of Accounting. Lower-level qualifications or equivalent skills and knowledge are required for successful completion of higher-level courses.

Flexible Learning Sessions Schedule Semester 1 2024 (PDF 130Kb) - Subject to change

Entry Requirements

Certificate III in Accounts Administration [FNS30317 or FNS30322] or Experience/knowledge in finance or accounting industry

Skills Recognition

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 10

  • BSBTEC302   Design and produce spreadsheets
    • CIT Code: BUSN548
      Cost: Standard $100.00
      Description: This unit describes the skills and knowledge required to develop spreadsheets through the use of spreadsheet applications.The unit applies to individuals employed in a range of environments who tend to be personally responsible for designing and working with spreadsheets under minimal supervision. These individuals are generally required to have intermediate knowledge and understanding of a number of spreadsheet applications.No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • FNSACC421   Prepare financial reports
    • CIT Code: ACCT462
      Cost: Standard $100.00
      Description: This unit describes the skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.The unit applies to individuals who are responsible for preparing financial reports. They may be individuals providing administrative support in an organisation, or they might have responsibility for these tasks in relation to their own workgroup or role.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
      Prerequisites: Nil
  • FNSACC321   Process financial transactions and extract interim reports
    • CIT Code: ACCT458
      Cost: Standard $145.00
      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.The unit applies to individuals who 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. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
      Prerequisites: Nil
  • FNSACC322   Administer subsidiary accounts and ledgers
    • CIT Code: ACCT459
      Cost: Standard $100.00
      Description: This unit describes the skills and knowledge required to reconcile and monitor subsidiary accounts and ledgers in financial accounts receivable and accounts payable systems. This includes identifying bad and doubtful debts, communicating with identified clients, and planning a recovery action, recording creditor invoices, and remitting payments to sundry creditors.The unit applies to individuals who follow agreed processes and use problem solving skills to administer financial accounts and ledgers within the scope of own responsibility.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
      Prerequisites: Nil
  • FNSACC418   Work effectively in the accounting and bookkeeping industry
    • CIT Code: ACCT461
      Cost: Standard $100.00
      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.The unit applies to individuals who occupy accounting and bookkeeping roles with some responsibility, communicate professionally with stakeholders, and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting and bookkeeping industry.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
      Prerequisites: Nil
  • FNSACC426   Set up and operate computerised accounting systems
    • CIT Code: ACCT463
      Cost: Standard $160.00
      Description: This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This involves processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.The unit 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.No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • FNSACC412   Prepare operational budgets
    • CIT Code: ACCT435
      Cost: Standard $100.00
      Description: This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations.It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.
      Prerequisites: Nil
  • FNSACC414   Prepare financial statements for non-reporting entities
    • CIT Code: ACCT436
      Cost: Standard $100.00
      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
  • FNSTPB411   Complete business activity and instalment activity statements
    • CIT Code: ACCT474
      Cost: Standard $130.00
      Description: This unit describes the skills and knowledge required to process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports according to compliance requirements.The unit 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 Practitioners Board (TPB). Users are advised to check with the relevant regulatory authorities to confirm those requirements.
      Prerequisites: Nil
  • FNSTPB412   Establish and maintain payroll systems
    • CIT Code: ACCT475
      Cost: Standard $130.00
      Description: This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for computerised systems.The unit applies to individuals and Business Activity Statement (BAS) agents, who use a range of organisational and other specialist techniques to manage payroll systems. 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 Practitioners Board (TPB). Users are advised to check with the relevant regulatory authorities to confirm those requirements.
      Prerequisites: Nil

Electives: Complete 3

  • FNSACC323   Perform financial calculations
    • CIT Code: ACCT460
      Cost: Standard $70.00
      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.The unit applies to individuals who use literacy, numeracy and digital literacy skills to perform routine computational tasks as part of their operational job role.No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • BSBTEC301   Design and produce business documents
    • CIT Code: BUSN547
      Cost: Standard $150.00
      Description: This unit describes the skills and knowledge required to design and produce various business documents. It includes selecting and using a range of functions on a variety of computer applications.The unit applies to those who possess fundamental skills in computer operations. 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
  • BSBTEC402   Design and produce complex spreadsheets
    • CIT Code: BUSN551
      Cost: Standard $150.00
      Description: This unit describes the skills and knowledge required to use spreadsheet software to complete business tasks and produce complex documents.The unit 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

Related Courses

Advanced Diploma Accounting FNS60222
Diploma Accounting FNS50222
Certificate III Accounts Administration FNS30322
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

More Information

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