FNS40222 – Certificate IV in Accounting and Bookkeeping

Nationally Recognised Training

The Certificate IV in Accounting and Bookkeeping qualification reflects the job roles of workers in the bookkeeping and accounting industry, including BAS Agents and contract bookkeepers, and of those employees performing bookkeeping tasks for organizations in a range of industries. It includes preparing and lodging business and installment 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 judgment in completing routine and non-routine activities.

Licensing/Regulatory Information: Work functions in the occupational areas where this Certificate IV in Bookkeeping and Accounting qualification 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 requirements.

Persons providing a Business Activity Statement (BAS) service for a fee or other reward must be registered by the Tax Practitioners Board (TPB) and this qualification is currently cited as meeting the TPB education 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 registration requirements are reviewed regularly.

VET National Code

FNS40222

CRICOS Course Code

0100535

Duration

52 Weeks (incl. holidays and breaks)

Delivery Mode

This course comprise a 10-week study period in each term, excluding holidays, with 20 hours per week of face-to-face training and assessment.

Tuition Fee

$10,000

Enrolment Fee

$300

Material Fee

$300

Estimated Total Course Cost

$10,600
Age requirements: All international students must be at least 18 years of age or above at the time of course commencement to study at BLC.

Academic requirements: International students applying for this qualification either off-shore or on-shore will need satisfactory completion of the equivalent of Australian Year 11 or Certificate III or higher qualification.

English language requirements: To enrol into this course with Blue Lotus College, international students, applying either off-shore or on-shore, must satisfy one of the following requirements:

  • Either a minimum IELTS test score of 6 or equivalent for direct entry into a VET course;
  • or, IELTS score of 5.5 or equivalent with an ELICOS course (up to 10 weeks) to be taken before the main VET course;
  • or, IELTS score of 5.0 or equivalent with an ELICOS course (up to 20 weeks) to be taken before the main VET course.

Results more than two years old are not acceptable.

OR

  • Evidence that they have studied in English for at least five years in Australia, Canada, New Zealand, Republic of Ireland, South Africa, United Kingdom, or United States.

OR

  • Evidence that, within two years of their application date, they have successfully completed in Australia and in the English language, either the senior secondary certificate of education or a substantial component of a course leading to a qualification from Australian Qualifications Framework at the Certificate IV or higher level, while they held a student visa.

Please note that Blue Lotus College will also accept equivalent test results from the following specified English Language Tests: TOEFL iBT, PTE Academic, Cambridge English: Advanced (CAE), and TOEFL PBT.

*On 26 July 2023 the TOEFL internet-based test (TOEFL iBT) stopped offering English language tests for Australian visa purposes. A score for a TOEFL iBT test taken on or after 26 July 2023 will no longer satisfy the English language requirement for Student visa purposes. Only TOEFL iBT scores from a test taken on or before 25 July 2023 are accepted for Student visa purposes.

**From 12 February 2024, only results from the paper-based Cambridge C1 Advanced test (previously known as Cambridge English: Advanced CAE) will be accepted for Australian visa and migration purposes. Test scores for both C1 Advanced paper-based and computer-based tests, taken before 12 February 2024, within the specified validity period are still accepted.


Pre-Training Review: All student will undertake pre-training review which aims to identify their training needs through questions on previous education or training, basic computing skills and interview conducted by BLC enrolment officer.

Interview also aims to identify possible RPL opportunities.

Through pre-training review student will demonstrate that they have necessary skills to successfully complete the course.

Computer Literacy Requirement: Students are required to have basic computer skills including operating MS-word and doing research on the Internet as all the courses require students to make reports in MS word, Excel, PowerPoint Presentation, etc. Student should have ability to use internet, access to PDF application and accounting software e.g. Xero or MYOB..

Materials and Equipment Requirement: Although Blue Lotus College will provide access to computers/laptops with required resources during classroom hours however to work on assignments and tasks for self-study, all learners are expected to bring a laptop with the Windows 10 operating system or higher. Students must have an active email address for communication and be contactable by phone (mobile or landline) and by mail (postal address).
All learners are expected to have access to MS office applications such as Microsoft Word, an email platform such as Microsoft.

Language, Literacy and Numeracy test (LLN): All students are required to undertake a language, literacy and numeracy (LLN) test mapped to ACSF through LLN Robot to identify if a student requires BLC to provide any additional support. Expected LLN outcome is ACSF Level 2 for Certificate IV in Accounting and Bookkeeping.

This is not an entry requirement but is designed to determine if a student has any specific LLN support needs in the context of VET training and has a different purpose to the English entry requirements which are assessed prior to offering a student a place in a course. The results of the LLN test are provided to the trainer who can further advise the student if they require additional LLN support to successfully achieve the course outcomes.

If learners do not meet English and LLN requirements, learners will be asked to take further Language, literacy and numeracy training e.g. English Language Intensive Course for Overseas Learners (ELICOS) programs with BLC.

Recognition of Prior Learning (RPL): RPL is available for each unit of competency based on relevant workplace experience, formal training, and/or other expertise. To apply for RPL, please discuss with our student support team or your trainer/assessor.

Credit Transfer: You can be granted Credit Transfer for completed parts, or all, of an accredited qualification, with equivalent units. Please discuss this at the time of enrolment.

Assessments:This program is delivered under competency-based training which means instead of grading or marks, students are required to demonstrate all the criteria for each unit of competency, and students are marked “Competent” or “Not yet competent”. Typical assessment methods will include knowledge questions, case studies, role plays, project and skills demonstrations.

The Certificate IV in Accounting and Bookkeeping prepares students for accounting related job role that includes:
  • Working with computerised accounting systems
  • Completing BAS and other financial statements
  • Producing non-complex management reports including compiling budget information
  • Supervising the operation of computer-based financial systems
  • General administration
To be awarded the FNS40222 Certificate IV in Accounting and Bookkeeping qualification, learners must be deemed competent in 13 units of competency, which include: Ten (10) Core Units and Three (3) Elective Units, Consisting of :
Core Units
1 FNSACC321 Process financial transactions and extract interim reports
2 FNSACC322 Administer subsidiary accounts and ledgers
3 FNSACC418 Work effectively in the accounting and bookkeeping industry
4 BSBTEC302 Design and produce spreadsheets
5 FNSACC426 Set up and operate computerised accounting systems
6 FNSTPB412 Establish and maintain payroll systems
7 FNSTPB411 Complete business activity and instalment activity statements
8 FNSACC421 Prepare financial reports
9 FNSACC412 Prepare operational budgets
10 FNSACC414 Prepare financial statements for non-reporting entities

Elective Units
11 BSBTEC301 Design and produce business documents
12 BSBTEC402 Develop and use complex spreadsheets
13 FNSACC413 Make decisions in a legal context

Note: Fees may change during your course of study. BLC reserves the right to discontinue or alter any course date, tuition or service fee, location, timetable or staffing without prior notice. This will constitute a provider default and all tuition fees will be handled in accordance with Blue Lotus College’s Refund Policy. Interest will not be credited to Student Fees or disbursements and therefore no interest will be recovered by students in the event of cancellation. Students must maintain valid Overseas Student Health Care insurance throughout their enrolment.
To find out the methods of application, visit How to apply page If you have a query about how to apply or entry requirements, contact admissions@bluelotus.edu.au

Additional Bookkeeping Short Courses We Offer:

  • Introduction to Accounting and Bookkeeping course
  • Xero bookkeeping course
  • BAS agent course