Courses - FNS40207 Certificate IV in Financial Services Bookkeeping

Adcom Training Solutions provides training that covers all of this information and we encourage you to Enquire NOW info@adcomtraining.com if you are interested in completing this qualification.

This page provides information collected on 16 May 2010 from http://www.ntis.gov.au/?/trainingpackage/FNS04/qualification/FNS40207/rules about the FNS40207 Certificate IV in Financial Services Bookkeeping Course.

Qualification notes

To attain a FNS40207 Certificate IV in Financial Services (Bookkeeping) 13 units must be achieved:

4 industry core units, plus

7 sectoral core units ,plus

2 elective units.

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.

Prerequisite Requirements

Where the industry core units have been demonstrated as a requirement of Certificate III in Financial Services exemption is provided

Industry Core Units

The following units are also required for this qualification, but are often assessed through recognition of competence or may have been achieved through the awarding of a lower level qualification:

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

Achieve the following 7 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 Statement tasks

FNSACCT406B Maintain asset and inventory records

FNSACCT405B Prepare financial statements

FNSBKPG405A Establish and maintain a payroll system

Elective Units

Achieve 2 elective units selected from the list below or any other endorsed Training Package:

• both elective units selected may be from the list of units suitable at Certificate IV or Diploma level
• electives must be relevant to work outcome, local industry requirements and the qualification level
• see Levels Chart for full list of units available in the FNS04 Financial Services Training Package.

Selecting electives for different work outcomes

The workplace context for this qualification varies, and this context must guide the selection of elective units. Examples of appropriate units for particular work outcomes at this level include:

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 (working for enterprise)

Industry Core Units plus, Sectoral Core Units plus

FNSICORG501B Manage own professional development

FNSICCUS402B Maintain customer relationship

Employability Skills

The following table contains a summary of the employability skills for this qualification. This table should be interpreted in conjunction with the detailed requirements of each unit of competency packaged in this qualification. The outcomes described here are broad industry requirements that may vary depending on the packaging options.

Industry enterprise requirements for this qualification include:

Communication creating manuals and flowcharts

• developing and writing reports to specifications
• establishing and maintaining networks
• preparing and presenting information in appropriate electronic format
• questioning, listening and clarifying client's requirements
• reading and interpreting workplace information
• using interpersonal skills i.e. liaising, listening and consulting
• using effective telephone techniques and having the ability to negotiate solutions with clients and colleagues
• Teamwork applying knowledge of own role as a team member to meet workplace outcomes
• working with management to determine organisational reporting requirements
• working with others such as clients and external experts

Problem solving

• applying estimating, forecasting and analysis skills
• analysing and verifying source documents
• checking and coding data, reconciling accounts, verifying and correcting discrepancies
• determining security protocols
• identifying OHS hazards and applying risk control
• performing calculations

Initiative and enterprise

• analysing organisation's business opportunities to determine cash or accrual accounting system and payment options in consultation with management
• investigating accounting discrepancies
• referring non routine problems to a nominated person

Planning and organising

• ensuring the integrity of systems, records and reporting procedures are maintained
• maintaining accounting records for compliance purposes
• preparing, processing and maintaining financial records including payroll
• processing routine documents and maintaining files, managing information and scheduling and coordinating competing tasks
• recording, gathering and classifying information
• setting up, maintaining and reviewing systems

Self management

• applying time management strategies to own work schedule
• managing own time and priorities and dealing with contingencies
• taking responsibility as required by work role and ensuring all organisational policies and procedures are followed
• working ethically and complying with industry Professional Code of Practice and legislative requirements

Learning

• adapting to change in technology and/or work practices
• following workplace safety procedures
• identifying opportunities for own professional development
• maintaining currency of knowledge of legislation and industry requirements
• seeking information, advice or services that fall outside scope of operation
• using online help for self learning purposes

Technology

• applying data entry and keyboard skills
• operating computers, using word processing, spreadsheet and database skills to produce workplace documentation
• using accounting specific software packages
• using business technology to access, enter and monitor information

This table is a summary of employability skills that are typical of this qualification and should not be interpreted as definitive.

Classifications

ASCO 591 Advanced Numerical Clerks
ASCED4 0801 Accountancy
ANZSCO 551211 Bookkeeper

Further information about Bookkeeping

There is an excellent range of information in this document produced by the Institute of Certified Bookkeepers. http://downloads.icbglobal.org/au/Bookkeepers_Guide_to_Providers_of_the_Certificate_IV.pdf

Adcom Training Solutions provides training that covers all of this information and we encourage you to Enquire NOW info@adcomtraining.com if you are interested in completing this qualification.

Last update: 16th May 2010
First published: 13th April 2010

Upcoming Workshops and Courses

Training Features

v Start Now

v Flexible Hours

v Personal Support

v Individual Coaching

v Fast Track

v Practical Focus

v Accredited Qualification

v Employer Recognised

v Online Resources

v Industry Experts

v Facilitated Learning

v Learner Friendly

v Questions Answered

v Small Workshops

v No Lectures

v Useful Toolboxes

v Informative Videos

v Practical Examples

v Australiawide Anytime

v Discounts Available

v Networking Opportunities

Enquire NOW info@adcomtraining.com
+61 3 6108 2303