FNS40217 – Certificate IV in Accounting & Bookkeeping (SMSF)


Unit details: click on the unit code for more detail about each unit in this course.

 

BSBITU422 Use digital technologies to collaborate in the workplace

This unit describes the skills and knowledge required to understand the fundamentals of using digital technologies to collaborate in a workplace context, including working as part of a remote team. It involves undertaking a basic review of organisational processes to identify opportunities for using digital technologies to complete work tasks more efficiently and effectively.

It applies to individuals who use problem-solving skills and take responsibility for adopting and promoting approaches to improve organisational operations, particularly relating to the use of digital technologies.

Topics covered in this unit include:

  1. Review existing digital technology use in the business
  2. Identify opportunities to implement digital technologies
  3. Implement and use digital technologies to collaborate in the workplace

Unit Outcomes

Upon successful completion of this unit students will be able to develop a plan to introduce collaborative, digital technologies into the workplace.

FNSACC416 Set up and operate a computerised accounting system

This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.

It applies to individuals who, within the scope of own responsibility, use specialised knowledge, information technology, and planning and organising skills to establish and maintain an organisational system in service and trading environments.

Topics covered in this unit include:

  1. Implement integrated accounting system
  2. Process transactions in system
  3. Maintain system
  4. Produce reports

Unit Outcomes

Upon successful completion of this unit students will be to setup a computerised accounting system using MYOB and have a strong understanding of the NFP Standard Chart of Accounts.

BSBITU402 Develop and use complex spreadsheets

This unit describes the skills and knowledge required to use spreadsheet software to complete business tasks and produce complex documents.

It applies to individuals employed in a range of work environments who require skills in creation of complex spreadsheets to store and retrieve data. They may work as individuals providing administrative support within an enterprise, or may be independently responsible for designing and working with spreadsheets relevant to their own work roles.

Topics covered in this unit include:

  1. Prepare to develop spreadsheet
  2. Develop a linked spreadsheet solution
  3. Automate and standardise spreadsheet operation
  4. Use spreadsheets
  5. Represent numerical data in graphic form

Unit Outcomes

Upon successful completion of this unit students will be to develop, edit and use spreadsheet templates, create macros, link spreadsheets and create graphs.

FNSACC412 Prepare operational budgets

This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations.

It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.

Topics covered in this unit include:

  1. Prepare budget
  2. Set budget timeframe
  3. Document budget

Unit outcomes

Upon successful completion of this unit students will be able to prepare sales, revenue, operations and cash budgets, and understand the budgeting process.

FNSACC311 Process financial transactions and extract interim reports

This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journal entries to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports.

It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained.

Topics covered in this unit include:

  1. Check and verify supporting documentation
  2. Prepare and process banking and petty cash documents
  3. Prepare and process payable and received invoices
  4. Prepare journals
  5. Update financial data and systems
  6. Prepare deposit facility and lodge flows
  7. Finalise trial balance and interim reports

Unit Outcomes

Upon successful completion of this unit students will be able to complete and post journals to the general ledger, and review trial balance and interim reports.

FNSACC312 Administer subsidiary accounts and ledgers

This unit describes the skills and knowledge required to reconcile and monitor subsidiary accounts in financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, record creditor invoices, and remit payments to sundry creditors.

It applies to individuals who use specialised knowledge and follow agreed processes to problem solve within the scope of own responsibility.

Topics covered in this unit include:

  1. Review accounts receivable requirements
  2. Identify bad and doubtful debts
  3. Review client compliance with terms and conditions and plan recovery action
  4. Prepare reports and file documentation
  5. Distribute creditor invoices for authorisation
  6. Remit payments to creditors
  7. Reconcile outstanding balances

Unit Outcomes

Upon successful completion of this unit students will be able to complete procedures to reconcile accounts receivable and accounts payable.

FNSACC414 – Prepare financial statements for non-reporting entities

This unit describes the skills and knowledge required to prepare financial statements for entities that do not have a statutory duty to file financial reports with government agencies and regulators.

It applies to individuals who use specialised knowledge and systematic approaches to collate and prepare financial information in line with accounting standards.

Topics covered in this unit include:

  1. Compile data required for preparing financial statements for non-reporting entities
  2. Prepare financial statements for non-reporting entities

Unit outcomes

Upon successful completion of this unit students will be able to process, maintain and reconcile inventory records and prepare reports using MYOB.

FNSACC412 Prepare operational budgets

This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations.

It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.

Topics covered in this unit include:

  1. Prepare budget
  2. Set budget timeframe
  3. Document budget

Unit outcomes

Upon successful completion of this unit students will be able to prepare sales, revenue, operations and cash budgets, and understand the budgeting process.

BSBFIA401 Prepare Financial Reports

This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.

It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.

Topics covered in this unit include:

  1. Maintain an asset register
  2. Record general journal entries for balance day adjustments
  3. Prepare final general ledger accounts
  4. Prepare end of period financial reports

Unit Outcomes

Upon successful completion of this unit students will be able to prepare and interpret an Income Statement and Balance Sheet.

FNSACC408 Work effectively in the accounting and bookkeeping industry

This unit describes the skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.

It applies to individuals who occupy roles with some responsibility and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting industry.

Topics covered in this unit include:

  1. Develop professional working relationships
  2. Identify compliance requirements and support materials
  3. Set up and maintain systems to meet compliance requirements
  4. Work autonomously or in a team to complete work activities
  5. Develop and maintain own competency

Unit outcomes

Upon successful completion of this unit students will be able to research legislative, statutory, regulatory and industry requirements for carrying out own work activities.

FNSACC411 Process business tax requirements

This unit describes the skills and knowledge required to maintain business taxation accounting records, and to process lodgements and returns according to Australian Taxation Office (ATO) requirements, excluding income tax. Documentation for business activity statements (BAS) must be authorised by a registered BAS agent.

It applies to individuals who use specialised knowledge and follow defined procedures to administer and process taxation-related information within the scope of own responsibility.

Topics covered in this unit include:

  1. Maintain accounting records for taxation purposes
  2. Establish and maintain process for managing business tax returns
  3. Process business tax returns and lodgements

Unit Outcomes

Upon successful completion of this unit students will be able to process accounting data to comply with taxation reporting requirements.

FNSTPB402 Establish and maintain payroll system

This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for manual and computerised systems.

It applies to individuals, including BAS agents, who use a range of organisational and other specialist techniques. They may work directly for organisations or be small business owners, contractors or service providers.

Topics covered in this unit include:

  1. Establish payroll requirements
  2. Record payroll data
  3. Prepare and process payroll
  4. Handle payroll enquiries
  5. Maintain payroll

Unit Outcomes

Upon successful completion of this unit students will be to prepare and process payroll, respond to payroll enquiries, and meet legislative requirements.

FNSTPB401 Complete business activity and instalment activity statements

This unit describes the skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports.

It applies to individuals who use a range of organisational and analytical techniques to work in organisations or to supply specific bookkeeping services as a small business owner or contractor.

Topics covered in this unit include:

  1. Identify compliance and other requirements applicable to business activity
  2. Analyse and apply industry codes of conduct associated with work activities
  3. Review and apply Goods & Services Tax implications and code transactions
  4. Report on payroll activities and amounts withheld
  5. Reconcile and prepare activity statement
  6. Lodge activity statement

Unit Outcomes

Upon successful completion of this unit students will be to prepare and reconcile activity statement reports, and amend bookkeeping entries as required.