What does it mean to be recognised in the Financial Services Industry?
The FNS40210 Certificate IV in Bookkeeping is a qualification that is recognised by the Financial Services industry to cover various roles within the field.
Working in the Financial Services industry is extremely rewarding with many opportunities in various positions within an organisation. These may include a payroll officer, accounts clerk or an office administration manager. These roles have many responsibilities and are considered important within the organisational network. They form part of a team to ensure the successful running of a business.
Holding a recognised qualification such as the Certificate IV demonstrates to employers and clients that you have the required skills, knowledge and abilities to undertake the bookkeeping role.
The FNS40210 qualification is made of 10 core units and 3 elective units, all of which must be completed. A total of 13 units of competency to achieve the qualification.
To gain the compulsory units for the certificate you need to be able to demonstrate that you can do the following:
•demonstrate and apply a sound working knowledge of relevant legislation and codes of practice for the Financial Services industry to ensure compliance
•understand and implement Occupational Health and Safety procedures
•communicate effectively and efficiently to a variety of audiences and clients
•demonstrate and apply a sound knowledge of organisational and industry policy and procedures
•read data and input data and figures accurately
•operate an accounting system to process some or all of the following:
•process tax requirements
•prepare and produce various reports and budgets
•maintain asset and inventory records
•process payroll
•able to do job costing.
If you are doing these roles in your job, then don't write off your skills - consider getting them recognised.
About the FNS40210 qualification
To attain a FNS40210 Certificate IV in Bookkeeping qualification, 13 units must be achieved. These comprise:
• 10 x industry core units, plus
• 3 x 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 (BAS) and other office taxes
•payroll
•developing management systems for organisations.
Core Units
The following ten core units are required for this qualification, these units are direct credits when completed the RPL Assessments.
BSBFIA401A Prepare Financial Reports
BSBITU306A Design and Produce Business Documents
BSBWOR501A Manage Personal Work Priorities and Professional Development
FMSBLG401A Develop and Implement Policies and Procedures relevant to Bookkeeping Activities
FNSACC302A Administer Subsidiary Accounts and Ledgers
FNSACC405A Maintain Inventory Records
FNSACC406A Set up and Operate a Computerised Accounting System
FNSBKG402A Establish and Maintain a Cash Accounting System
FNSBKG403A Establish and Maintain an Accrual Accounting System
FNSBKG405A Establish and Maintain a Payroll System
Elective Units
You must complete studies and achieve the following three elective units.
BSBOHS303B Contribute to OHS Hazard Identification and Rick Assessment
FNSBKG404A Carry out Business Activity and Instalment Activity Statement Tasks
FNSINC401A Apply Principles of Professional Practice to work in the Financial Services Industry