Home > Courses > Accounting > Certificate IV in Accounting > Certificate IV in Accounting and Bookkeeping
FNS40222

Certificate IV in Accounting and Bookkeeping

Study Method Online
Provider Monarch Institute
Start Date Enrol anytime
Monarch Institute

Course overview

Monarch Institute is one of very few registered training organisations (RTOs) to offer the TPB (Tax Practitioners Board) approved courses required to become a registered BAS agent or a registered tax agent. We’re also included in a very select few accredited training providers listed by the world’s largest bookkeeping institute, the Institute of Certified Bookkeepers. In other words, they’re fit for what the industry is looking for.

Courses are delivered by skilled professionals, senior CPA and chartered accountants, registered BAS agents and bookkeepers. They have decades of combined experience across an extensive range of industries.

Study accounting or bookkeeping with us and you’ll get practical training that makes use of industry leading software, making you job-ready from the moment you graduate.

Job outcomes

  • BAS agent
  • Bookkeeper
  • Bookkeeping and small practice accounting
  • Assistant accountant
  • Accounts officer/clerk
  • Payroll officer/clerk
  • Accounts receivable credit/controller
  • Accountant
  • Financial controller (small to medium businesses)
  • Taxation officer
  • Treasury officer
  • Procurement officer
  • Analyst (with financial reporting focus)

Want to see more job outcomes and how your future could change?

Study method

  • Online Online info icon
    Online delivery - online course content with the exception of assessments and work placement
  • Blended Blended info icon
    Blended delivery - both online course content and partial face to face requirements
  • In-class In-class info icon
    In class delivery - predominately face to face course content conducted at a specific location
  • Virtual Virtual info icon
    Virtual Delivery - Live and interactive classroom-style learning conducted completely online

Duration study load

12 months self-paced.

Delivery

This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, online doesn’t mean alone. You’ll be backed by our trainers at every step along the way.

Your trainer will be happy to contact you via phone, Skype, Zoom, TeamViewer, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.

Entry requirements

There aren’t any formal prerequisites. But to make sure you get the most out of training with us, the following enrolment process applies:

  • Once we receive your enrolment, our friendly course consultants will touch base to undertake a pre-training review to ensure the training is right for you.
  • For students without an equal or higher level qualification, there is a short language, literacy and numeracy quiz you complete online.

Find out more about the entry requirements for this course

Course features

  • Easy-to-follow course materials (we’ll also post you textbooks)

  • Videos and webinars

  • Heaps of support from your course trainers (phone, email, Zoom)

  • A dedicated admin team on hand to guide you

  • Online assessments

  • Student Facebook group

Recognition of prior learning

Monarch Institute recognises Recognition of Prior Learning (RPL) which takes into account the knowledge and skills you have already gained through your previous education and work history, attributing this to your FNS40222 Certificate IV in Accounting and Bookkeeping. These may be through formal or informal training and can result in credits towards your qualification. We also offer Credit Transfer (CT).

Assessment

Assessment formats include:

  • Case studies
  • Multiple-choice questions
  • Short-answer questions
  • Calculation questions
  • Accounting software simulation questions

BAS Agent Certification assessments

The Tax Practitioners Board (TPB) requires the BAS Agent Certification module (included in this Certificate IV) to be assessed via two two-hour open book assessments.

The first assessment covers payroll administration. The second assessment covers activity statements. The assessments do not need to be completed at the same time.

Materials

You will need access to the following equipment to successfully complete the course:

  • Working computer
  • Access to the internet
  • Microsoft Office (2019 or later) with Microsoft Excel

Subjects

Core Modules
Module 1Establishing solid foundations – accounting fundamentals
  • How to apply accrual accounting principles
  • Cash accounting
  • Applying GST rules to transactions
  • Depreciation methods and calculations
  • Completion of general journal and special journal entries
  • Posting journal entries to general ledger accounts
  • Using subsidiary debtors and creditors accounts
  • Completing bank reconciliations
  • Preparing the trial balance
  • Income Statements
  • Balance Sheets
  • Inventory accounting and valuation methods
Module 2Work like a pro…effective work practices

 

  • Management Reports & Analysis
  • Work effectively in the accounting and bookkeeping industry
  • Professional working relationships
  • Teamwork
  • Continuing Professional Education
  • Organise personal work priorities and development
  • Co-ordinate personal skill development and learning

 

Module 3Financial essentials: budgets, financing, and working effectively
  • Setting up the company file using MYOB or XERO
  • Creating contacts
  • Modifying the Chart of Accounts
  • Recording day to day transactions – sales, purchases & journals
  • Reconciling accounts – bank, stock, payables and receivables.
  • Essential reporting – Trial Balance, Profit & Loss, Balance Sheet.
  • Understanding payroll
  • Payroll calculations
  • Setting up payroll
  • PAYG withholding tax
  • Processing payroll Leave entitlements
  • Maintaining the system
  • Providing BAS Services
  • PAYG and Instalment Activity Statements
  • The Goods and Services Tax
  • The Mechanics of GST and the BAS
  • Methods for calculating GST Liability
  • Luxury Car Tax
  • Fuel Tax Credits
  • Wine Equalisation Tax
  • Fringe Benefits Tax
  • Alternative GST & BAS accounting methods
  • Completing the Business Activity Statement
  • Activity statement lodgements and payments
  • Cloud computing needs and implementation for businesses
Module 4Big bucks for business: using Xero, payroll and activity statements
  • Essential business mathematics
  • Calculations for percentages, interest, annuities, depreciation
  • Break-even analysis and graphs
  • Business statistics
  • The budgeting process
  • Preparation of master and operating budgets
  • Monitoring performance against budget
  • Introduction to Business Taxation
  • Income Tax business basics
  • Fringe Benefits Tax
  • Superannuation Guarantee
  • Payroll taxes
  • Stamp duty

Want more information about the subjects for this course?

Payment options

  • Upfront and payment plans available

Find out more about the payment options for this course

About Monarch Institute

Monarch Institute is one of Australia’s leading providers of professional services training. We believe education should be an experience, not a transaction.

Our award-winning, innovative approach to course content and design means that you get relevant, accredited courses with loads of support from experienced trainers who give you the time to ensure you’ve got the skills that the industry needs. Study online today with Monarch and change the way you think about studying.

Study online with Monarch Institute and experience education, reimagined.

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Complete the form and learn about:

  • Pricing and payment options
  • Start dates
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  • How to get help and contact information
  • Everything you need to know before enrolling!

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