Certificate IV in Financial Services (Accounting)

Enhance your career prospects in finance.

This course is designed to equip students with the skills for preparing financial statements, tax forms and operational reports. It covers workplace practices, principles of law, tax requirements, budgeting, financial reporting and the use of the MYOB 17 computer accounting system.

On completion of your course:

Upon successful completion of this course you will receive a nationally recognised FNS40604 Certificate IV in Financial Services (Accounting).

About our NSW VETAB accreditation
About our Nationally Recognised Training accreditationCengage Education is a Registered Training Organisation registered with 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.

Professional memberships/affiliations.

Adecco Australia

Cengage Education is proud to announce their affiliation with one of the world's leading employment services Adecco Australia. Students wishing to seek full/part time employment in their chosen field can now contact Adecco Australia on completion of their qualification.

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.
  • Employers benefit from engaging an AAT Australia member. The AAT Australia actively promotes the skills, experience and business values that AAT Australia members bring to the workplace, to employers and to employment agencies.
  • To support AAT Australia members, 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

Higher Education credit transfer arrangements.

Students who successfully complete the Cengage Education Diploma of Accounting course may be eligible for credits towards:

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Course Number A0007D
Course Type Correspondence
Course Duration Max 24 months
Study Hours Approx 605 hrs
Qualification Certificate IV
Nationally Recognised What does this mean?

Prerequisites

No previous knowledge or experience is required to take this course.

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

Extra learning materials included

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 computer 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 Making 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

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