Institute of Certified Bookkeepers

Cert IV Providers

Classroom Training

 

Online/Distance Training

 

What is Certificate IV in Accounting and 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

Why do you need one?

  • The Certificate IV in Accounting and Bookkeeping is set to become the minimum formal education requirement for a person aspiring to be a Registered BAS Agent under TASA2009
  • Includes successful credit of the BAS Agent Skill Set (GST/BAS Course which is both the GST unit & the Payroll unit)
  • Receive "ICB Certificate in Practical Bookkeeping"

Do I have to have one?

No, unless you want to be a BAS Agent.

How do I get my Certificate IV in Accounting and Bookkeeping?

Either through classroom training, distance education or Recognition of Prior Learning (RPL).

ICB lists a number of these RTO's whom have applied to ICB to be recognised and promoted by us as Accredited Trainers. Accredited 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 to search for a trainer by classroom, distance or online.

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 Accounting and Bookkeeping. 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 aspire to become a Registered BAS Agent under TASA 2009 then you will need to obtain this qualification!

While there are 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:

  • are up and running the course already
  • they should be using software as part of their courses
  • they should be on the current versions (A number of the RTO’s do not know what software, if any, they are planning to use and a number of providers are using out of date versions)
  • 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.

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

13 units must be achieved:

  • 8 core units
  • plus 5 elective units

Requirements

Core Units of Competency

  • BSBFIA401 Prepare financial reports
  • BSBSMB412 Introduce cloud computing into business operations
  • FNSACC311 Process financial transactions and extract interim reports
  • FNSACC312 Administer subsidiary accounts and ledgers
  • FNSACC408 Work effectively in the accounting and bookkeeping industry
  • FNSACC416 Set up and operate a computerised accounting system
  • FNSTPB401 Complete business activity and instalment activity statements
  • FNSTPB402 Establish and maintain payroll systems

Elective Units

Under the AQF guidelines the electives must be relevant to the work environment and qualification. That 2 units maybe from a Certificate III, Certificate IV or Diploma in any currently endorsed training package.

ICB in consultation with its Education Advisory board and other key stake holders have reviewed current units and recommend that the 5 electives be taken from the list below. Our review was to determine which are the best units to skill a Bookkeeper in their job.

ICB preferred electives

  • FNSACC405 Maintain inventory records
  • FNSACC313 Perform financial calculations
  • FNSACC414 Prepare financial statements for non-reporting entities
  • BSBSMB402 Plan small business finances
  • BSBWOR501 Manage personal work priorities and professional development
  • FNSACC412 Prepare operational budgets
  • BSBSMB401 Establish legal and risk management requirements of small business
  • BSBSMB405 Monitor and manage small business operations
  • BSBITU402 Develop and use complex spreadsheets
  • FNSACC411 Process business tax requirements
  • FNSACC407 Produce job costing information
  • FNSACC413 Make decisions in a legal context

Things to ask your Certificate IV Provider

We constantly get asked which RTO should people use to study their Certificate IV? Here is our list of questions to ask when assessing the RTO. What do you think? What would you add?

Speak to the head of the department or senior lecturer/assessor.

  1. How long do you expect the course to take?
  2. Are there any financial penalties for not completing in the specified time?
  3. Whose training manuals do you use? Are they provided in the fees or are they additional cost?
  4. Is the course materai provided in print, pdf or online?
  5. What do you offer in the way of student support and resources?
  6. Do your trainers/assessors currently work in the industry?
  7. How do they keep their knowledge current?
  8. What is the availability of the Tutors? 24/7 email or by time slots or by appointment?
  9. What i the availability of the administration and IT support?
  10. What software do you use for assessments?
  11. What accounting software do I have to use?
  12. Can I do the assessments on Mac or PC?
  13. How long does it take to provide the outcome of submitted material? (correction of assessments)
  14. Do you cover online accounting options?
  15. Do you cover BAS Agent requirements?
  16. Do you have a work placement program to help qualified students get experience?
  17. What do you think the job prospects are in the financial services industry currently?
  18. What are the different levels of qualification you offer?
  19. How will I get feedback on my assessments?

For distance learning:

  1. Can I speak to a trainer in person or is it all done through email?
  2. What is the average time taken to complete the course?
  3. What is the maximum time I can take?
  4. Are there extensions or penalties if I don’t finish in time?

For classroom learning:

  1. How much contact time?
  2. Minimum time required to attend?

What is study in the TASA?

TPB Code of Professional Conduct knowledge requirements

If you are a current BAS Agent, it is expected that you have knowledge of the Code of Conduct through firstly reading the entire document on the TPB website, (as this is a requirement of registration), and also through ongoing Professional Development activities.

If you are not currently registered but intend to apply for new BAS Agent registration, then from 1st July 2013, it will be a requirement for your qualification to include a component on knowledge of the Professional Code of Conduct—but at this stage it is not required to be a separate unit, simply that it is covered as part of the qualification, or embedded within units relevant to GST and BAS principles. The training organisation should be able to verify that this information is covered in the course.

In our newsletters we often include a section on Applying the Code of Professional Conduct—reading this would be considered to fulfil this requirement of knowledge, as would attending our network meetings which often discuss Code of Conduct issues. Also if you read our BAS Agent Guide Volume 2 you will cover this.

The TPB requirement is approximately 3 hours or half a day. If you read all our information on this topic as above, you will certainly log 3 or more hours.

It would only be required that you undertake separate study on the Code of Conduct if you have not had anything to do with the TASA 2009 or the Professional Code of Conduct; ie if you are applying for registration after 1st July, 2013 and if your qualification has not covered it already. This would be unusual. So far we are not aware of anyone offering a stand-alone course on this topic that is worth doing.

The ICB are working towards an assessment on the Code of Conduct which will be included in future editions of our BAS Agent Guide. This would fulfil the requirements of the TPB Code of Conduct knowledge as well as count towards Continued Professional Development hours.

Click here for more details on the TPB Code of Conduct.

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