Course Description

The Certificate IV in Accounting is the ideal way to gain a broad understanding of the accounting field and the skills required to break into the finance industry. It can also be used to formalise existing knowledge by gaining a nationally recognised qualification. You’ll learn crucial accounting, planning and computer skills that could allow you to start work in a range financial roles, including accounts clerk.

Upon successful completion of your course, the Tax Practitioners Board (TPB) will recognise you as having met the educational requirements to register as a Business Activity Statement (BAS) agent. This course meets the TPB's current educational requirements for registered BAS agents that were put in place on 1st of March 2012. Additional eligibility criteria may apply.

Visit www.tpb.gov.au for further information.

Potential career outcomes

  • Accounts Assistant
  • Accounts Payable Clerk
  • Accounts Receivable Clerk
  • BAS Agent
  • Bookkeeper
  • Payroll Clerk
Course number E1078
Qualification name FNS40615 Certificate IV in Accounting
Course duration Maximum 24 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Case studies, Knowledge tests, Multiple choice questions, Practical assessments, Short-answer questions, Verbal assessments, Written reports
Awarded by
  • Open Colleges (Provider number: 90796)

Education

There are no formal education entry requirements for this course.

Minimum age

You will need to be at least 18 years old.

English

This course involves reading learning content and undertaking a range of written assessments and engaging in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication. As such, entry to the course requires the successful completion of English to Year 12 level.

If you haven't successfully completed English at Year 12 level, you can demonstrate equivalency through one of the following:

  • Successful completion of a Nationally Recognised Training qualification at Certificate III level or higher; or
  • 3 years relevant industry experience in a role that requires the use of written documentation and communication

Open Colleges recognises that not all people are able to read, write and perform calculations to the same standard. See the Language, Literacy and Numeracy Considerations section for more information on tools, resources and support services provided to by Open Colleges.

Computing

You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:

All users:

  • Microsoft Office 2010 or equivalent
  • Broadband internet connection
  • 2GB of RAM
  • CD-ROM or DVD drive
  • Adobe Reader XI or equivalent
  • Adobe Flash Player 10 or higher.
  • Access to printer and associated software
  • Access to scanner and associated software
  • Digital imaging software
  • File compression software.

Windows users:

  • Microsoft Windows 7 or higher (Windows 8 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Mac OS users:

  • Mac OSX v10.5 or higher (Mac OSX v10.6 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Digital equipment

You will need access to:

  • A digital video recording device and/or a digital camera and associated software to save and upload video, image and audio files to OpenSpace. Many mobile phones and smart phones include this technology.
  • Software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc. are available as a free download from the internet.

Skills

  • Creating, saving and editing Microsoft Office documents
  • Accessing and searching the internet
  • Downloading and saving documents from websites
  • Uploading documents through websites
  • Participating in online discussions
  • Compressing image files
  • Downloading and using Accounting Software such as MYOB, which will be provided as part of the course. Please note MYOB runs best on a PC.

Language, Literacy and Numeracy

Our free online assessment tool can help give you an idea of the language, literacy and numeracy skills needed to study a VET course. This tool can also help you determine your learning level and help you plan your future studies. You can access the Language, Literacy and Numeracy tool here.

 

 

Open Colleges may make changes to the course from time to time to reflect changes introduced to the relevant Training Package or other regulatory requirements. Please download the course guide for current information about the course and its status.

Module 1

  • Check and verify supporting documentation
  • Prepare and process banking and petty cash documents
  • Prepare and process invoices for payment to creditors and for debtors
  • Prepare journals and batch monetary items
  • Post journals to ledger
  • Enter data into system
  • Prepare deposit facility and lodge flows
  • Extract a trial balance and interim reports
  • Review accounts receivable process
  • Identify bad and doubtful debts
  • Review compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditors invoices for authorisation
  • Remit payments to creditors
  • Prepare accounts paid report and reconcile balances outstanding

Module 2

  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports
  • Check and verify supporting documentation
  • Prepare and process banking and petty cash documents
  • Prepare and process invoices for payment to creditors and for debtors
  • Prepare journals and batch monetary items
  • Post journals to ledger
  • Enter data into system
  • Prepare deposit facility and lodge flows
  • Extract a trial balance and interim reports
  • Review accounts receivable process
  • Identify bad and doubtful debts
  • Review compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditors invoices for authorisation
  • Remit payments to creditors
  • Prepare accounts paid report and reconcile balances outstanding

Module 3

  • Compile data
  • Prepare reports

Module 4

  • Implement an integrated accounting system
  • Process transactions within the system
  • Maintain the system
  • Produce reports
  • Ensure system integrity

Module 5

  • Establish payroll requirements
  • Record payroll data
  • Prepare and process payroll 
  • Handle payroll enquiries
  • Maintain payroll

The assessments for this unit require 40% of the unit to be supervised by an independent supervisor. The supervision should not be administered by a family member, friend or someone that has a close personal or professional relationship with the student undertaking the assessments. Organising this supervision is the responsibility of the student.

Module 6

  • Identify individual compliance and other requirements
  • Recognise and apply GST implications and code transactions
  • Report on payroll activities
  • Report on other amounts withheld, Pay As You Go (PAYG) instalments and taxes
  • Complete and reconcile the Activity Statement
  • Lodge Activity Statement

The assessments for this unit require 40% to be supervised by an independent supervisor. The supervision should not be administered by a family member, friend or someone that has a close personal or professional relationship with the student undertaking the assessments. Organising this supervision is the responsibility of the student.

Module 7

  • Maintain accounting records for taxation purposes
  • Establish and maintain a process for managing business tax returns
  • Process business tax returns and lodgements

Module 8

  • Identify the scope, sectors and responsibilities of the industry
  • Identify and apply financial services industry guidelines, procedures and legislation
  • Identify sustainability issues for the financial services industry
  • Manage information
  • Participate in and facilitate work team activities
  • Plan work to be completed taking into consideration time, resources and other constraints
  • Develop and maintain personal competency

Module 9

  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document

Module 10

  • Prepare budget
  • Set budget timeframe
  • Document budget
  • Prepare to develop spreadsheet
  • Develop a linked spreadsheet solution
  • Automate and standardise spreadsheet operation
  • Use spreadsheets
  • Represent numerical data in graphic form
  • Prepare budget
  • Forecast estimates
  • Document budget

 

 

What are my payment options?

Pay in full

If you pay your course fees up-front in full, you’ll benefit from a discount. When you pay in full, we don’t have to spend extra money on administration for tasks such as payment plan processing. Instead, we get to pass this saving onto you in the form of a discount.

ZipMoney Payment Plan

If you need a little more flexibility in your finances, and want to pay off your course fees over a longer period of time, you can switch to a zipMoney payment plan. Essentially, zipMoney pays your course fees for you, and you pay this loan back over 24, 36 or 48 months. As long as you are eligible, you can switch to a zipMoney plan at any time.

Payment Plan

Pay for you course in weekly or fortnightly instalments. By paying in instalments, you can schedule your payments around your regular outgoings and get ahead without breaking the bank. Open Colleges payment plans are interest-free.


Find out more

David Parasol

David is the managing director of an accounting firm and training organisation that provides taxation, bookkeeping, consulting and training solutions to accounting firms, government departments and public and private companies of all sizes. David has had over 20 years of experience in public practice, working primarily in taxation and business services, he has also been heavily involved in the development and delivery of accounting and taxation training programs for all levels of staff. David holds a Bachelor of Business (Accounting) and is a member of the Institute of Chartered Accountants.

Helen Riley

Helen has extensive experience working in a range of business environments, from hospitality and events, to retail and sales. She has owned and managed businesses in the UK, Australia and New Zealand and has enjoyed mentoring and training colleagues in her past management roles. Helen thrives on passing her knowledge and experiences onto her students so they get the most out of their learning journey. Over the past four years, she has helped many students through to graduation and given them the encouragement and knowledge to pursue their goals. Helen holds Certificate IVs in Training and Assessment and Business, and a Diploma of Business.

Hollie Gourlay

Hollie brings a wealth of industry experience to her role as an accomplished MYOB tutor. She has significant work experience in the areas of tax accounting, systems accounting, and small business bookkeeping. This experience, combined with her knowledge and skills as a computer technician, provides the ideal platform for supporting her students in an online learning mode. Hollie holds a Bachelor of Business (Accounting) from RMIT University, a Diploma of Management, a Certificate IV in Bookkeeping, and a Certificate IV in Training and Assessment.

Levinia Kotey

Levinia is an accounting professional with over 10 years of commercial and public practice experience. She possesses strong understanding of all aspects of accounting and has had the opportunity to work across various industries including manufacturing, mining, hospitality and tourism and not for profit sectors in Australia and New Zealand. She has significant experience in the implementation and integration of Accounting Information Systems.

Levinia holds a Bachelor of Business Studies (Accounting), a Graduate Certificate in Professional Accounting and a Certificate IV in Training and Assessment. She is a member of the Institute of Public Accountants, Institute of Financial Accountants and the Australian College of Educators.

Lorraine Danos

Lorraine Danos is an experienced bookkeeper who has been working as a trainer with Open Colleges since 2004. She has worked across many industries, including manufacturing, community services, hospitality and property management, and has particular experience with the transfer of records from manual to computerised systems. Lorraine has also written a bookkeeping course which was certified by the NSW Vocational Education & Training Accreditation Board (VETAB), recently replaced by the Australian Skills Quality Authority.

Melissa Nettle

Melissa has been employed within the financial services industry for the past 18 years. During this time Melissa has had experience with general accounts, lending, insurances and OHS as well as training, assessing and development. Melissa also holds a Certificate IV in Training and Assessment, obtained through further study with Open Colleges. She enjoys playing sport and in her spare time is a sports development officer and softball academy instructor.

Peter McClatchey

Peter McClatchey has spent 23 years as a chartered accountant for PricewaterhouseCoopers. He has specialised in the financial services industry, providing accounting, audit and consulting services to a wide variety of industry leading superannuation, funds management and insurance clients. He has also been heavily involved in the development and delivery of accounting and audit training programs for all levels of staff. He has lived and worked in a variety of countries, including Australia, Singapore, Hong Kong, India and Fiji, providing accounting and audit services.

Ruchi Makkar

Ruchi Makkar has been a Trainer and Assessor of accounting and bookkeeping courses since 2011, whilst continuing to work as an Accountant. She is passionate about using her industry knowledge to create positive learning experiences for all students. Ruchi holds a Masters of Commerce and a Masters of Business Administration, a Diploma of Business, Certificate IVs in Bookkeeping, Accounting and Training and Assessment, as well as a BAS Agent Registration Skill Set qualification.

Suellen Freeman

Suellen has a broad range of experience in both auditing and accounting, including managing her own business and co-authoring two accounting text books in introductory accounting and financial accounting.

Suellen has been in education for over 30 years, working with students nationally and internationally. Currently, she is self-employed as Treasurer of her Body Corporate and is actively involved in the accounting process of her building management. 

Membership

Students of this course will receive a membership to these organisation(s)

  • The Institute of Certified Bookkeepers (ICB), 24-month student membership 
  • Association for Accounting Technicians (AAT), 12-month student membership
  • Institute of Public Accountants (IPA), 12-month student membership

The Tax Practitioners Board (TPB) also recognises this course, which means that this course meets the TPB's educational requirements to become a registered Business Activity Statement (BAS) agent.

 

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