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Certificate IV in Bookkeeping

Course Description

Certificate IV

Course Overview

The FNS40215 Certificate IV in Bookkeeping includes the requirements set out by The Tax Practitioner’s Board for registering as a Business Activity Statements (BAS) agent, so it’s ideal if you’re planning to formalise your skills and take your career to the next level.

The course also offers you the chance to study a Certificate in MYOB as an optional elective, giving you valuable exposure to a computerised cloud accounting system.

The Tax Practitioners Board (TPB) recognises this qualification. Upon successful completion of your course, the TPB will recognise you as having met the educational requirements to register as a BAS (Business Activity Statement) agent. This course meets the TPB’s current educational requirements for registered BAS agents, additional eligibility criteria may apply.

Job Outcomes

  • Accounting Clerk
  • Accounts Payable Clerk
  • Bookkeeper
  • Payroll Clerk


  • Nationally Recognised Training

Duration & study load

Maximum 24 months

Entry requirements

There are no formal education entry requirements for this course.

Minimum Age
You will need to be at least 18 years old.

Course features

  • Institute of Certified Bookkeepers (ICB) 24-month student membership, providing students with career development and networking opportunities.
  • 12-month student membership with the Association for Accounting Technicians (AAT) and the Institute of Public Accountants (IPA)
  • MYOB AccountRight
  • Access to KeyPay

Profesional recognition

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.


  • Case Studies
  • Multiple Choice Questions
  • Oral questions
  • Projects
  • Short-Answer Questions
  • Written Reports


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.

Module 1

FNSACC301 : Process financial transactions and extract interim 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

Module 2

FNSACC302 : Administer subsidiary accounts and ledgers
  • 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 outstandin

BSBFIA401 : Prepare financial reports
  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports

Module 3

FNSACC406 : Set up and operate a computerised accounting system
  • Implement an integrated accounting system
  • Process transactions within the system
  • Maintain the system
  • Produce reports
  • Ensure system integrity

BSBSMB412 : Introduce cloud computing into operations
  • Review computing needs in the business
  • Investigate cloud computing services to meet business needs
  • Develop a plan to introduce cloud computing
  • Support implementation of the plan

Module 4

FNSBKG405 : Establish and maintain a payroll system
  • Establish payroll requirements
  • Record payroll data
  • Prepare and process payroll
  • Handle payroll enquiries
  • Maintain payroll

Module 5

FNSBKG404 : Carry out business activity and instalment activity statement tasks
  • 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

Module 6

FNSINC401 : Apply principles of professional practice to work in the financial services industry
  • 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

FNSBKG401 : Develop and implement policies and procedures relevant to bookkeeping activities
  • Develop a professional working relationship with relevant parties
  • Carry out research to identify compliance requirements and support materials
  • Set up and maintain appropriate systems to meet compliance requirements

Module 7

BSBITU306 : Design and produce business documents
  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document

Module 8

FNSACC402 : Prepare operational budgets
  • Prepare budget
  • Set budget timeframe
  • Document budget

BSBITU402 : Develop and use complex spreadsheets
  • Prepare to develop spreadsheet
  • Develop a linked spreadsheet solution
  • Automate and standardise spreadsheet operation
  • Use spreadsheets
  • Represent numerical data in graphic form

FNSACC503 : Manage budgets and forecasts
  • Prepare budget
  • Forecast estimates
  • Document budget

Payment options

Open Colleges offers two flexible payment options that could help you make considerable savings on the cost of this course.

Payment Option 1: Pay in weekly instalments

  • $71.25 per week
  • $100 deposit

Payment Option 2: Pay in full when you enrol and save up to 25% on eligible courses

  • $3067.50 upfront payment

About Open Colleges

By submiting an enquiry on this Certificate IV in Bookkeeping, you will receive a complimentary course consultation with Open Colleges.  At Open Colleges, we put you at the centre of everything that we do. We measure our success in the success of our students. With more than 100 years of experience in distance learning, we have the expertise in delivering education and training to individuals seeking to launch, change or accelerate their careers.

We focus on meeting the specific needs of adult learners by delivering highly flexible, accessible and affordable learning opportunities. Our unique learning model provides you with ultimate control – to study anywhere, anytime and at your own pace. Our online campus – OpenSpace – provides you with access to learning resources, expert trainers and assessors, collaboration with other learners and a comprehensive range of support services.

RTO number: 90796

Want to know more about this course? Simply fill out this short form to receive a free course consultation with Open Colleges.


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