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Qualification details

FNS40210 - Certificate IV in Bookkeeping (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS40207 - Certificate IV in Financial Services (Bookkeeping) 23/Nov/2010
Is superseded by and equivalent to FNS40211 - Certificate IV in BookkeepingOHS unit changes in the core from BSBOHS303B to BSBOHS201A to better reflect workplace requirements - OUTCOMES EQUIVALENT 15/Jan/2012

Releases:
ReleaseRelease date
1 1 (this release) 24/Nov/2010

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
FNSACC406A - Set up and operate a computerised accounting systemSet up and operate a computerised accounting systemSupersededN/A
BSBITU402A - Develop and use complex spreadsheetsDevelop and use complex spreadsheetsSupersededN/A
BSBWRT301A - Write simple documentsWrite simple documentsSupersededN/A
FNSBKG404A - Carry out business activity and instalment activity statement tasksCarry out business activity and instalment activity statement tasksSupersededN/A
FNSBKG403A - Establish and maintain an accrual accounting systemEstablish and maintain an accrual accounting systemSupersededN/A
BSBOHS303B - Contribute to OHS hazard identification and risk assessmentContribute to OHS hazard identification and risk assessmentDeletedN/A
FNSINC401A - Apply principles of professional practice to work in the financial services industryApply principles of professional practice to work in the financial services industrySupersededN/A
FNSACC303A - Perform financial calculationsPerform financial calculationsSupersededN/A
FNSACC404A - Prepare financial statements for non-reporting entitiesPrepare financial statements for non-reporting entitiesSupersededN/A
FNSBKG402A - Establish and maintain a cash accounting systemEstablish and maintain a cash accounting systemSupersededN/A
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 551211 Bookkeeper 
ASCO (occupation type) Identifier 591 Advanced Numerical Clerks 
ASCED Qualification/Course Field of Education Identifier 0801 Accounting 
Qualification/Course Level of Education Identifier 511 Certificate IV 
Taxonomy - Industry Sector N/A Business Administration 
Taxonomy - Occupation N/A Bookkeeper,Accounts Supervisor 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 551211 Bookkeeper 24/Nov/2010 
ASCO (occupation type) Identifier 591 Advanced Numerical Clerks 24/Nov/2010 
ASCED Qualification/Course Field of Education Identifier 0801 Accounting 24/Nov/2010 
Qualification/Course Level of Education Identifier 511 Certificate IV 24/Nov/2010 
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Modification History

Not applicable.

Description

This qualification is designed to reflect the job roles of contract bookkeepers and employees performing bookkeeping tasks for organisations in a range of industries.

A Business Activity Statement (BAS) service is a tax agent service that includes, but is not limited to, the following:

  • preparing or lodging an approved form about a taxpayer's liabilities, obligations or entitlements under a BAS provision;
  • giving a taxpayer advice about a BAS provision that the taxpayer can reasonably be expected to rely upon to satisfy their taxation obligations; or
  • dealing with the Commissioner on behalf of a taxpayer in relation to a BAS provision.

Persons providing a BAS service must be registered by the Tax Practitioner's 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 Board as this is regularly reviewed. More information and contact details for the Tax Practitioners Board are provided in the FNS10 Information Kit available from the IBSA website.

Pathways Information

Qualification Pathway 

Preferred pathways for candidates entering this qualification include:

  • FNS30310 Certificate III in Accounts Administration

The primary pathway from this qualification is employment in a bookkeeping job role with functions that include:

  • establishing and maintaining manual and computerised accounting systems
  • completing Business Activity Statements (BAS) and other office financial statements
  • developing bookkeeping management systems for organisations
  • general administration.

This qualification may be suited to an Australian Apprenticeship pathway.

A further learning pathway utilising qualifications such as FNS50210 Diploma of Accounting would support career progression.

Licensing/Regulatory Information

Not applicable.

Entry Requirements

Not applicable.

Employability Skills Summary

EMPLOYABILITY SKILLS QUALIFICATION SUMMARY 

Employability Skill 

Industry /enterprise requirements for this qualification include :

Communication

  • creating manuals and flowcharts
  • developing and writing reports to specifications
  • establishing and maintaining networks
  • preparing and presenting information in appropriate electronic format
  • questioning, listening and clarifying client's requirements
  • reading and interpreting workplace information
  • using interpersonal skills (e.g. liaising, listening and consulting)
  • using effective telephone techniques and having the ability to negotiate solutions with clients and colleagues

Teamwork

  • applying knowledge of own role as a team member to meet workplace outcomes
  • working with management to determine organisational reporting requirements
  • working with others such as clients and external experts

Problem solving

  • applying estimating, forecasting and analysis skills
  • analysing and verifying source documents
  • checking and coding data, reconciling accounts, verifying and correcting discrepancies
  • determining security protocols
  • identifying OHS hazards and applying risk control
  • performing calculations

Initiative and enterprise

  • analysing organisation's business opportunities to determine cash or accrual accounting system and payment options in consultation with management
  • investigating accounting discrepancies
  • referring non-routine problems to a nominated person

Planning and organising

  • ensuring the integrity of systems, records and reporting procedures are maintained
  • maintaining accounting records for compliance purposes
  • preparing, processing and maintaining financial records including payroll
  • processing routine documents and maintaining files, managing information and scheduling and coordinating competing tasks
  • recording, gathering and classifying information
  • setting up, maintaining and reviewing systems

Self-management

  • applying time management strategies to own work schedule
  • managing own time and priorities and dealing with contingencies
  • taking responsibility as required by work role and ensuring all organisational policies and procedures are followed
  • working ethically and complying with industry professional code of practice and legislative requirements

Learning

  • adapting to change in technology and/or work practices
  • following workplace safety procedures
  • identifying opportunities for own professional development
  • maintaining currency of knowledge of legislation and industry requirements
  • seeking information, advice or services that fall outside scope of operation
  • using online help for self-learning purposes

Technology

  • applying data entry and keyboard skills
  • operating computers, using word processing, spreadsheet and database skills to produce workplace documentation
  • using accounting specific software packages
  • using business technology to access, enter and monitor information

Packaging Rules

Packaging Rules 

13 units  must be achieved:

9 core units 

plus 4 elective units 

  • all elective units of competency can be selected from the elective bank below, from units aligned to other Certificate IV or Diploma qualifications in FNS10 Financial Services or another endorsed Training Package or accredited course
  • a maximum of 2 electives can be selected from units aligned to Certificate III qualifications in the FNS10 Financial Services or another Training Package.

Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.

Core units of competency :

  • BSBFIA401A Prepare financial reports
  • BSBITU306A Design and produce business documents
  • BSBOHS303B Contribute to OHS hazard identification and risk assessment
  • FNSBKG401A Develop and implement policies and procedures relevant to bookkeeping activities
  • FNSBKG402A Establish and maintain a cash accounting system
  • FNSBKG403A Establish and maintain an accrual accounting system
  • FNSBKG404A Carry out business activity and instalment activity statement tasks
  • FNSBKG405A Establish and maintain a payroll system
  • FNSINC401A Apply principles of professional practice to work in the financial services industry

Elective units of competency :

  • BSBCUS301A Deliver and monitor a service to customers
  • BSBCUS403A Implement customer service standards
  • BSBFRA301B Work within a franchise
  • BSBFRA403B Manage relationship with franchisor
  • BSBITU402A Develop and use complex spreadsheets
  • BSBSMB405A Monitor and manage small business operations
  • BSBWOR501A Manage personal work priorities and professional development
  • BSBWRT301A Write simple documents
  • FNSACC302A Administer subsidiary accounts and ledgers
  • FNSACC303A Perform financial calculations
  • FNSACC404A Prepare financial statements for non-reporting entities
  • FNSACC405A Maintain inventory records
  • FNSACC406A Set up and operate a computerised accounting system

NOTE  The workplace context for this qualification should guide the selection of elective units. Examples of appropriate units in the elective bank that may suit particular work contexts include:

(Contract Bookkeeper )

  • BSBCUS301A Deliver and monitor a service to customers
  • BSBCUS403A Implement customer service standards

(Small Bookkeeping Business Owner )

  • BSBSMB405A Monitor and manage small business operations
  • BSBWOR501A Manage personal work priorities and professional development

(Permanent Paid Bookkeeper  - working for an enterprise )

  • BSBCUS403A Implement customer service standards
  • BSBWOR501A Manage personal work priorities and professional development

(Franchise Bookkeeper )

  • BSBFRA301B Work within a franchise
  • BSBFRA403B Manage relationship with franchisor