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Our Total Solution Program Certificate IV in Bookkeeping course is for people who wish to have a career as an employed bookkeeper or as professional contract bookkeeper, either working as a BAS Agent or contracted to a BAS Agent.
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This is a 19 day course which includes comprehensive bookkeeping training using both MYOB and QuickBooks and the FNS40207 BIA Certificate IV in Financial Services (Bookkeeping) which is an Australia wide accredited qualification.
Competence is demonstrated by both multiple choice & short answer theory questions and the successful completion of an open book assessment designed to test the students ability to complete a set of monthly and quarterly accounts, including bank reconciliations.
Check out the Certificate IV Timetables tab for date and location of the next Classroom Intake
The Bookkeeping Institute of Australia have carefully chosen the units in this unique qualification to ensure that our graduates are competent to be employed in a bookkeeping and clerical accounting role.
Included in the delivery of this qualification is our all of the modules in our 4 day BI-640 MYOB Accounting Plus with Payroll, GST & BAS and our 2 day BI-560 Introduction to Bookkeeping and Accounting courses.
The assessments are designed to prove competency in the following nationally recgognised accredited units:
GROUP ONE – WORKPLACE BASICS
FNSICGEN304B - Apply health and safety practices in the workplace
FNSICGEN302B - Use technology in the workplace
GROUP TWO — PARTS ONE & TWO – ESTABLISH AND MAINTAIN A BOOKKEEPING SYSTEM
FNSICGEN301B - Communicate in the workplace
FNSBKPG402A - Establish and maintain a Cash Accounting System
FNSBKPG403A - Establish and maintain an Accrual Accounting System
FNSACCT407B - Set up and operate a computerised Accounting System
FNSACCT405B - Prepare financial statements (for non-corporate entities)
FNSBKPG405A - Establish and maintain a payroll system
GROUP THREE — PART ONE – BOOKKEEPING POLICIES AND PRACTICES
FNSICIND401B - Apply principles of professional practice to work in the financial services industry
FNSBKPG401A - Develop and implement policies and practices relevant to bookkeeping activities
GROUP THREE — PART TWO – MAINTAIN ASSET AND INVENTORY RECORDS
FNSACCT406B - Maintain asset and inventory records
BSBFIA401A - Prepare financial reports
GROUP THREE — PART THREE – ACTIVITY STATEMENTS
FNSBKPG404A - Carry out Business Activity and Instalment Activity Statement tasks
GROUP ONE – WORKPLACE BASICS covers 2 of the industry core subjects, FNSICGEN304B - Apply health and safety practices in the workplace and FNSICGEN302B - Use technology in the workplace which are mandatory subjects for all Financial Services qualifications at any level.
The 7 units in GROUP TWO – ESTABLISH AND MAINTAIN A BOOKKEEPING SYSTEM are assessed as a single group cluster thus enabling us to teach all of the units in as a single subject. Consequently we do not have to duplicate any of our training or assessments thus dramatically reducing the teaching time in comparison with a TAFE college which teaches one unit at a time.
The 2 units in GROUP THREE — PART ONE – BOOKKEEPING POLICIES AND PRACTICES and the 2 units in GROUP THREE — PART TWO – MAINTAIN ASSET AND INVENTORY RECORDS & ACTIVITY STATEMENTS are also assessed as single group clusters.
In the past introductory accounting concepts and principles have been taught using a manual accounting system approach. The Bookkeeping Institute of Australia has adopted the view that it is more important for students to learn to operate a computer accounting system such as MYOB to perform these activities. Consequently in addition to 12 days of lectures, students will receive 4 days of extensive self-paced training in MYOB before starting on the assessments.
The 16 day FNS40207 Certificate IV in Financial Services ¯(Bookkeeping) comprises of the following BIA lectures & courses:
Group One – WORKPLACE BASICS
Day 1: Lecture #1 . . . Welcome & Induction
Including a workshop on Apply health and safety practices in the workplace
Day 2: Assessments
Group Two – ESTABLISH AND MAINTAIN A BOOKKEEPING SYSTEM
Days 3 & 4: Self paced training . . . BI-620 Ready to go with MYOB
On this course you will learn how to create a new company file in MYOB; deal with more complex invoicing matters; enter customer and supplier details into MYOB's card file; export MYOB data to Microsoft Excel 2003; make purchases from suppliers; make sales to customers; modify a chart of accounts to suit specific business needs; pay for purchases that have been made from suppliers; perform a bank reconciliation; perform end of month operations in MYOB; produce a variety of business related reports; record customer payments; set up a petty cash operation in MYOB; setup inventory for a new company file; track and monitor your credit cards; verify, backup, & restore MYOB data files & write cheques to make payments
Days 5 & 6: Lecture #2 . . . G2 Part 1: Introduction to Bookkeeping & Accounting
This is the foundation lecture for the course and covers the History of Bookkeeping; Accounting Concepts and Principles; Business Organisations; Accounting Entities; Business Types; The Trading Cycle; Accounting Periods; Balance Date; Source Documents; Groups of Accounts; The Accounting Equation; Net Profit; The Rules of Debits & Credits; Double Entry Bookkeeping; Accounting Systems; Chart of Accounts; Accrual and Cash Accounting; GST; The Profit & Loss Statement & The Balance Sheet and The Flow of Information
Day 7-8: Lecture #3 . . . G2 Part 2: Setting-up and Maintaining a Bookkeeping System
Incorporating the Business Framework; Accounting Framework; Chart of Accounts review; Capital structure; Trading Stock; Accounts Receivable; Accounts Payable; The Cashbook; Inventory; Payroll & Completing the Accounting Cycle
Day 9: Self paced training . . . BI-612 MYOB Accounting Plus - Payroll
On this course you will learn how to setup MYOB Accounting Plus for payroll; add employee payroll details in MYOB; conduct a pay run; create and track employee entitlements; pay employees electronically; display payroll information and generate reports; finalise the end of a pay year
Days 10: Self paced training . . . BI-614 MYOB Accounting for GST/BAS
On this course you will learn how to use the MYOB Banking command centre; reconcile bank accounts; understand file management and error correction; understand Cash and Accrual accounting methods; use advanced sales and purchases features & understand GST & BAS in depth
Group Three - BOOKKEEPING POLICIES AND PRACTICES
Days 11 & 12: Lecture & Workshop #4 . . . G3 Part 1: Bookkeeping Policies and Practices
Incorporating The Bookkeeping Industry; Section 251L of the Income Tax Assessment Act; The Impact of Legislation on the Bookkeeping Industry; Australia's Financial Regulatory Framework; Professional Associations & Ethics & Professional Codes of Conduct
Days 13 & 14: Lecture & Workshop #5 . . . G3 Part 2: End-of-Period Financial Reports
Incorporating Setting up an asset register; Complying with organisational asset acquisition procedures; Reconciling asset register and inventory records to the general ledger; Recording inventory flows; Recognising new assets and asset categories; Preparing schedules and ad hoc reports; Recording the disposal of fixed assets; Recording general journal entries for balance day adjustments; Preparing final general ledger accounts & end-of-period financial reports
Days 15 & 16: Lecture & Workshop #6 . . . G3 Part 3: Activity Statements
Incorporating Researching and documenting Statutory, legislative and regulatory requirements relating to Activity Statements; Identifying Lodgment schedule requirements; Recognising GST implications and coding transactions; Reporting on payroll and other amounts withheld, pay as you go (PAYG) installments and taxes & Completing, reconciling and lodging the Activity Statement
Our two day Introduction to Bookkeeping and Accounting course covers the principles and theory of accounting, including the Accounting Equation, Double Entry Bookkeeping, the Chart of Accounts, Assets, Liabilities, Owners Equity, Revenue and Expenses. There will be a series of lectures together with class exercises to reinforce the subjects covered. We have been running this unique course for over 5 years now and have received considerable praise from our students.
The accounting text book provided (all text books are included in the cost of the course) is specifically written for bookkeepers.
Our 4 day MYOB Accounting Plus, Payroll, GST & BAS course is a comprehensive MYOB course. It covers most of the aspects of MYOB Accounting Plus, including Payroll, GST & BAS, and combines the efforts of two different authors thereby ensuring students are exposed to a wide range of MYOB functions.
The two day Setting-up and Maintaining a Bookkeeping System and the two day Working in the Bookkeeping Industry & End-of-period Financial Reports courses bring together the theory and practice of bookkeeping in today's computer based world and prepares the student for the assessment tests - which are in themselves part of the learning experience.
The two day Bookkeeping Policies and Practices course brings together the application of principles of professional practice in the financial services industry (such as tax agents and professional accountants) with the development and implement of policies and practices relevant to bookkeeping activities.
The course finishes with the two day Maintain Asset and Inventory records & Activity Statements and covers Preparation of financial reports and completing Business Activity (BAS) and Instalment Activity (IAS) Statement tasks using a scenario case study and Policy & Procedures Manual.
For the practical assessment tests we have created a scenario case study and have written a 38 page Policy & Procedures Manual which the student will be required to refer to for specific instructions on how that particular business operates. The purpose of this scenario and manual is, as far as possible, to simulate an actual workplace experience in the classroom.
Students will be required to first set up a company file, chart of accounts, opening balances, customers, suppliers, inventory items, tax codes and payroll records for this entity in a computerised accounting system and then to enter an entire month’s transactions comprising of creditors invoices and payments of suppliers, sales invoices, adjustment notes and banking, petty cash, credit card and direct debit transactions, reconciliations of bank accounts and subsidiary ledgers and payroll transactions. End of period reporting, bad debt and end of year processes will complete the assessment.
All of the processing of accounting transactions will be conducted using MYOB. Accounting principles and concepts including accounting entities, chart of accounts, the accounting equation & double entry bookkeeping will be covered and assessed. We will not be teaching manual accounting procedures as we believe that the introduction of GST and the requirement to report transactions on the Business Activity Statement (BAS) on a cash basis, as well as an accrual basis, have rendered manual accounting almost redundant and it is far more important that students have an extensive knowledge of computerised accounting systems, such as MYOB and QuickBooks.
As a consequence our students will be competent in MYOB as well as in basic bookkeeping and accounting principles.
The following learning materials are included in the course fee:
Textbooks specific to:
The Financial Services Industry
The Bookkeeping Industry
Study Guides:
Workplace Basics Study Guide and PowerPoint slides
Introduction to Bookkeeping & Accounting Study Guide, PowerPoint slides and Exercise Book
Setting-up and Maintaining a Bookkeeping System Study Guide and PowerPoint slides
Working in the Bookkeeping Industry Study Guide and PowerPoint slides
Bookkeeping Policies and Practices Study Guide and PowerPoint slides
End-of-Period Financial Reports & Activity Statements Study Guide and PowerPoint slides
MYOB Student Edition CD and
CD of self-paced Exercises
Introduction to Computers in the Workplace Manual
Ready To Go with MYOB course Manual
MYOB Payroll Manual
MYOB Intermediate GST & BAS Manual
USB Flash Drive for use in completing your assessments (this remains the property of BIA and must be returned when all assignments are complete)
South Brisbane Campus
You can take all of our Bookkeeping courses at our South Brisbane campus which is at 1407 Logan Road in Mt. Gravatt Central, ideally situated for both Brisbane CBD and Gold Coast students. There is plenty of free parking in the streets surrounding us.
The course is lead by our Principal, Dennis Turner, who has successfully operated a contract bookkeeping business since the introduction of GST into Australia in 2000. including a year with a major Bookkeeping Franchise with over 50 franchisees.
Dennis has almost 20 years experience with GST and prior to coming to Australia Dennis held the position of Financial Controller for 5 years after owning his own computer business for 10 years. He has held a variety of accounting and IT management roles over the last 30+ years and is well qualified to run this course.
Australia wide Campuses
Our accredited BI-575 FNS40207 Certificate IV in Financial Services (Bookkeeping) and BI-570 FNS30107 Certificate III in Financial Services – Bookkeeping courses can also be taken at any one of 6 BIA campuses across Australia in New South Wales, Victoria, Western Australia and Queensland.
Each campus may run the course on different days dates and days of the week. Some may even run evening classes and others may be able to custom a course just to suit you. To find your local campus please click on the BIA Partner menu on the left of this page.
After completion of the course you still have 10 months (which can be extended to 18 months on request) in which to submit your assessments for marking.
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The Bookkeeping Institute of Australia is a Registered Training Organisation (RTO) registered under the Australian Quality Training Framework (AQTF). Our national provider code is 32190. |
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