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Certificate iv in financial services bookkeeping |
FNS40207: Certificate IV in Financial Services (Bookkeeping)
This qualification reflects the role of individuals who use well-developed skills and a broad knowledge base in a wide variety of contexts and environments. They apply solutions to a defined range of problems, and analyse and evaluate information from a variety of sources in relation to a variety of tasks. They may provide guidance to others with some limited responsibility for the output of others.
This qualification is designed to reflect the role of contract bookkeepers and employees performing in the role of bookkeeper for organisations and who perform duties such as:
· establishing and maintaining accounting systems
· assisting with Business Activity Statements and other office taxes
· payroll
· developing management systems for organisations.
Industry Core Units
FNSICIND401B Apply principles of professional practice to work in the financial services industry
FNSICGEN301B Communicate in the workplace
FNSICGEN302B Use technology in the workplace
FNSICGEN304B Apply health and safety practices in the workplace
Sectoral Core Units
FNSBKPG401A Develop and implement policies and practices relevant to bookkeeping activities
FNSBKPG402A Establish and maintain a Cash Accounting System
FNSBKPG403A Establish and maintain an Accrual Accounting System
FNSBKPG404A Carry out Business Activity and Instalment Activity tasks
FNSACCT406B Maintain asset and inventory records
FNSACCT405B Prepare financial statements
FNSBKPG405A Establish and maintain a payroll system
Selecting electives for different work outcomes
Contract Bookkeeper
Industry Core Units plus, Sectoral Core Units plus
FNSICCUS401B Deliver a professional service to customers
FNSICCUS402B Maintain customer relationship
Small Business Owner
Industry Core Units plus, Sectoral Core Units plus
FNSICORG501B Manage own professional development
FNSPRAC501B Manage and maintain small/medium business operations
Permanent Paid Bookkeeper (employed bookkeeper)
Industry Core Units plus, Sectoral Core Units plus
FNSICORG501B Manage own professional development
FNSICCUS402B Maintain customer relationship
1) The Cert IV Bookkeeping and the existing Cert IV Accounting is set to become the minimum formal education requirement for a person wishing to be a Registered BAS Agent under the proposed legislation. (this legislation is a long way from in effect and you don't need to rush)
2) The Cert IV Bookkeeping is relevant to the education and competence needs of Bookkeepers. For the first time we have a Cert IV level of formal course that is aimed to equip bookkeepers with the educational knowledge appropriate to being a bookkeeper.
3) The Cert IV will progressively become the base line of education required for a 'Bookkeeper'. As the qualification becomes more readily available we see that this Cert IV will be one of the factors required by employers and clients when considering the competence and employment of high end bookkeepers.
Do I have to have one?
No, unless you want to be a BAS Agent.
When do I need it?
February 2009 or February 2012 (estimated)
Either through classroom training, distance education or Recognition of Prior Learning (RPL).
While there are now many providers, some of these RTO’s with the course “in scope” are yet to provide the course and our investigations indicate they are yet to truly have the ability to provide the course. We become very concerned when the provider is unable to give us any details as to the type of training or type of materials, answering with the comment “We provide all those details once the student has enrolled”. Some providers are NOT geared up to consider providing the course to experienced bookkeepers in the workforce.
We recommend that you consider those providers who:
1) are up and running the course already.
2) they should be using software as part of their courses and
3) they should be on the current versions (A number of the RTO’s do not yet know what
software, if any, they are planning to use and a number of providers are using out of date versions)
4) their costs should be easily understood
When investigating the course providers, you should consider Recognition of Prior Learning, or Assessment, however, ensure you find out what the process is following Assessment. A cheap assessment process may only lead to expensive and extensive further education before you move towards receiving the qualification.
We have put together a list of questions to ask training organisation to help you decide, click here to view these questions
ICB lists a number of these RTO's whom have applied to ICB to be recognised & promoted by us as Approved Trainers. Approved Trainer means that we have had a look at their offerings and believe their style of training is appropriate for bookkeepers and worth you considering.
Click here for the full list of ICB accredited trainers.
We have also put together a list of training providers we would like to recommend as we believe - from information we have been able to obtain - that these providers are well equipped to deliver the Certificate IV in Financial Services (Bookkeeping), click here for all the details. We are actively working with these training providers and others to ensure there is a style of training or recognition of prior learning that is appropriate to our members. ICB continues to work with training providers to provide a method to recognise your competence as efficiently and effectively as possible.
If you wish to become a Registered BAS Agent under the proposed law then you will eventually need to obtain this qualification!
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