Certificate IV in Financial Services (Bookkeeping) - FNS40207 Distance course

Course Content

The assessments are designed to prove competency in the following accredited units:

Group One - Workplace Basics

1. FNSICGEN304A - Apply health & safety practices in the workplace.
2. FNSICGEN302A - Use technology in the workplace.

Group Two - Establish & Maintain a Bookkeeping System

1. FNSICGEN301B - Communicate in the workplace.
2. FNSBKPG402A - Establish & maintain a Cash Accounting System.
3. FNSBKPG403A - Establish & maintain an Accrual Accounting System.
4. FNSACCT407B - Set up & operate a computerised Accounting System.
5. FNSBKPG405A - Establish & maintain a Payroll System.
6. FNSACCT405B - Prepare financial statements.

Group Three - Part 1 - Bookkeeping Policies & Practices

1. FNSICIND401B - Apply principles of professional practice to work in the financial services industry.
2. FNSBKPG401A - Develop & implement policies & practices relevant to bookkeeping activities.

Group Three - Part 2 and 3 - End of Period Financial Reports & Activity Statements

1. FNSACCT406B - Maintain asset & inventory records
2. BSBADM408A - Prepare financial reports.
3. FNSBKPG404A - Carry out Business Activity & Instalment Activity Statement tasks.

We have carefully chosen the elective units in this unique qualification to ensure that our graduates are competent to be employed in a bookkeeping and clerical accounting role. Included in the delivery of this qualification are all of the modules of a 6 day MYOB for the for the Professional Bookkeeper and Introduction to Bookkeeping and Accounting course.

Group One – Workplace Basics covers two of the industry core subjects,
FNSICGEN304B - Apply health and safety practices in the workplace and
FNSICGEN302B - Use technology in the workplace which are mandatory subjects for all Financial Services qualifications at any level.

The six units in Group Two – Establish & Maintain a Bookkeeping System are assessed as a single group cluster thus enabling us to teach all of the units in as a single subject. Consequently we do not have to duplicate any of our training or assessments thus dramatically reducing the teaching time in comparison with a TAFE college which teaches one unit at a time.

The two units in Group Three – Bookkeeping Policies & Practices and the three units in Group Four – End of Period Financial Reports & Activity Statements are also assessed as single group clusters.

In the past introductory accounting concepts and principles have been taught using a manual accounting system approach. However we have adopted the view that it is more important for students to learn to operate a computer accounting system such as MYOB to perform these activities.

Assessments

Students will be required to first set up a company file, chart of accounts, opening balances, customers, suppliers, inventory items, tax codes and payroll records for this entity in a computerised accounting system and then to enter an entire month’s transactions comprising of creditors invoices and payments of suppliers, sales invoices, adjustment notes and banking, petty cash, credit card and direct debit transactions, reconciliations of bank accounts and subsidiary ledgers and payroll transactions. End of period reporting, bad debt and end of year processes will complete the assessment.

All of the processing of accounting transactions will be conducted using MYOB. Accounting principles and concepts including accounting entities, chart of accounts, the accounting equation & double entry bookkeeping will be covered and assessed. We will not be teaching manual accounting procedures as we believe that the introduction of GST and the requirement to report transactions on the Business Activity Statement (BAS) on a cash basis, as well as an accrual basis, have rendered manual accounting almost redundant and it is far more important that students have an extensive knowledge of computerised accounting systems, such as MYOB and QuickBooks.

Students will also attain competency in MYOB as well as in basic bookkeeping and accounting principles.

The following learning materials will be provided for this course:

• A PowerPoint presentation guides you through all of the lectures and prompts you when to complete a self-paced MYOB course or to complete your assessments.
  
• MYOB Student Edition CD
  
• CD of self-paced Exercises
  
• Ready To Go with MYOB course Manual
  
• MYOB Accounting Plus Payroll Manual
  
• MYOB Accounting for GST & BAS Manual
  
• Working in the Financial Services Industry textbook
  
• Australian Master Bookkeepers Guide textbook
  
• Introduction to Bookkeeping & Accounting Study Guide
  
• Setting-up and Maintaining a Bookkeeping System Study Guide
• Working in the Bookkeeping Industry Study Guide
  
• Bookkeeping Policies and Practices Study Guide
  
• End-of-Period Financial Reports & Activity Statements Study
  
• USB Flash Drive for use in completing my assessments (this remains the property of BIA and must be returned when all assignments are complete
  

$4000 Government Training incentives per eligible employee

The Federal Government has allocated funding as an incentive for employers to participate in the Australian Apprenticeships and Traineeships schemes.

Employers can now receive up to $4000 (to cover the cost of courses) per eligible employee through the Australian Apprenticeship Scheme which now includes not only Trades but also traineeships which now allows people from almost any sector or industry to look at the funding initiatives.

ELIGIBILITY:

The rebate is available for employers who put their eligible staff through training with a Registered Training Organizations (RTO):-

EXISTING EMPLOYEES INCENTIVE:

Employed longer than 3 months full-time or 12 months part-time.

Employers are eligible for: Standard Commencement Incentive ($1,500) 3 months from commencement for Cert III or IV. Plus a Completion Incentive ($2,500), total $4,000 for Cert III or IV.

NEW EMPLOYEES INCENTIVE:

Employed less than 3 months full-time and 12 months part-time.

Employers are eligible for: Standard Commencement Incentive up to $1,500 3 months from commencement. Plus a Completion Incentive up to $2,500, total of up to $4,000.

You must also be:-

• From Australia or New Zealand, or have Australian residence.
• Must work an average of 15 hours per week.
• Be older than 15, and not have done a Certificate III or IV or higher in the last seven years.

For further information please see this link: www.australianapprenticeships.gov.au

To register for this rebate you need to contact the "Australian Apprenticeship Centre" in your local area. You can find a list of these centre's at this link: http://www.australianapprenticeships.gov.au/search/aacsearch.as