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Certificate IV in Accounting

Why study the FNS40615 Certificate IV in Accounting?

Whether you are considering this course to successfully land your first job in this exciting industry, start your own business, improve your existing job role or simply round out your skill set, our FNS40615 Certificate IV in Accounting is the pathway to achieving your goals.

Expert Accounting training

Monarch Institute is an industry leader in the provision of Accounting training. The quality of our trainers and course materials are quite simply the reason you should choose us!  Our trainers and course developers successfully work in the Accounting industry meaning you are learning from experts that walk the walk, and have a genuine passion for sharing and imparting their ‘real world’ knowledge and skills.

Pathway to become a Registered BAS Agent

Our FNS40615 Certificate IV in Accounting provides a pathway into an exciting career as a Registered BAS Agent.  Our qualification meets the education standards prescribed by the Tax Practitioner’s Board and is recognised by leading Associations in Australia.

Accounting careers – a growth story

Every Australian person that earns minimum income thresholds is required to lodge tax returns and maintain appropriate records, as are small, medium and large businesses. As you might imagine, the provision of accounting services and tax advice is a growing area and Monarch’s FNS40215 Certificate IV in Accounting equips you with the technical skills and knowledge to succeed in this exciting industry. This qualification also presents a pathway to completing Monarch’s FNS50215 Diploma of Accounting in order to become a Registered Tax Agent.

Victorian and Queensland Government Funding available:

Check your eligibility by CLICKING HERE

Special Offer:

Add the FNS40215 Certificate IV in Bookkeeping as a Dual Qualification. CLICK HERE for more information.
Plus get free membership into the Institute of Certified Bookkeepers when you enrol. Save $120!
CLICK HERE for more information.

Course Modules

  • Module 1 - Establishing solid foundations...accounting fundamentals
    1. How to apply accrual accounting principles
    2. Cash accounting
    3. Applying GST rules to transactions
    4. Depreciation methods and calculations
    5. Completion of general journal and special journal entries
    6. Posting journal entries to general ledger accounts
    7. Using subsidiary debtors and creditors accounts
    8. Completing bank reconciliations
    9. Preparing the trial balance
    10. Income Statements
    11. Balance Sheets
    12. Inventory accounting and valuation methods
  • Module 2 - Show me the money! Financial statements and taxation
    1. Financial Reporting and the Regulatory Environment
    2. Incomplete Records & Correction of Errors
    3. Introduction to Cash Flows and Statements
    4. Management Reports & Analysis
    5. Partnerships
    6. Not-For-Profit Organisations
    7. Introduction to Business Taxation
    8. Income Tax business basics
    9. Fringe Benefits Tax
    10. Superannuation Guarantee
    11. Payroll taxes
    12. Stamp duty
    13. Land tax
  • Module 3 - Big bucks for business...payroll, activity statements and computing
    1. Setting up the company file using MYOB or XERO
    2. Creating contacts
    3. Modifying the Chart of Accounts
    4. Recording day to day transactions – sales, purchases & journals
    5. Reconciling accounts – bank, stock, payables and receivables.
    6. Essential reporting – Trial Balance, Profit & Loss, Balance Sheet.
    7. Understanding payroll
    8. Payroll calculations
    9. Setting up payroll
    10. PAYG withholding tax
    11. Processing payroll Leave entitlements
    12. Maintaining the system
    13. Providing BAS Services
    14. PAYG and Instalment Activity Statements
    15. The Goods and Services Tax
    16. The Mechanics of GST and the BAS
    17. Methods for calculating GST Liability
    18. Luxury Car Tax
    19. Fuel Tax Credits
    20. Wine Equalisation Tax
    21. Fringe Benefits Tax
    22. Alternative GST & BAS accounting methods
    23. Completing the Business Activity Statement
    24. Activity statement lodgements and payments
  • Module 4 - Clever calculations and procedures...professional practices
    1. Key rules of mathematics
    2. Break even analysis and graphs
    3. Business calculations – percentages, interest, annuities, depreciation
    4. Percentage calculations for business Interest
    5. Calculating exempt income
    6. The budget preparation process
    7. Preparing operating budgets
    8. Sales and revenue budgeting
    9. Formulating Cash budgets
    10. Defining the Financial Services Industry
    11. Sustainability Issues
    12. Managing Information
    13. Team work and time management
    14. Documentation and design
    15. Industry Legislation, Regulation and Codes of Practice
    16. Working with Company Policies and Procedures
  • Features

    Amazing support each and every time

    Online Study or Workshops
    Online Study (Self-Paced)
    • Easy-to-read course materials (including a posted Textbook & accompanying Workbook)
    • Choice of MYOB or Xero (Student Edition)
    • Videos and Webinars
    • Telephone Support from our Accredited Trainers
    • Support using Teamviewer and Skype from our Accredited Trainers
    • Email Support from our Accredited Trainers
    • Online Assessments
    • Online Student Forums
    Workshops (Face-to-face)           Online Study Support PLUS

    • Workshop contact days: 12 days
    • Facilitated by expert industry qualified trainers
  • Online vs workshops

    Online Learning – any time, any place, with maximum flexibility

    Online learning allows you to start a course when and where it is convenient for you to study. It is particularly popular with stay-at-home parents, full time employees, or anyone seeking maximum flexibility because you can choose the pace you study (fast or slow).

    You are very well supported throughout your course. A dedicated Online education support team allows you to discuss your course work on a one-on-one basis with a specialist Accounting Trainer. Your Accounting Trainer is happy to contact you via phone, Skype, Teamviewer, or email between Monday to Friday 9am to 5pm as you progress through the course, so you definitely won’t feel alone. You also have access to Online discussion forums via Monarch’s state-of-the-art learning management system providing access to an online learning community of fellow students.

    Please CLICK HERE for more information about studying Online with Monarch.

    Face-to-Face workshops – CBD training nationwide

    We offer intimate ‘small class room’ training (i.e. no more than 15 students per trainer) at our state-of-the-art training facilities just minutes from the CBD in all major States. All  training materials are included in our prices.

    Workshop interest varies across locations and times of the year. We would be pleased to record your interest in any of our face-to-face courses and will let you know as soon as the course is confirmed to proceed.

    Your office

    Monarch Institute provides onsite training for group instruction (minimum 6 staff). Please call us or email us, if you represent a company or organisation with more than 6 staff that require face-to-face workshops conducted at your office.

  • Pricing

    FNS40615 Certificate IV in Accounting – Detailed Pricing

    You can choose to enrol in the FULL FNS40615 Certificate IV in Accounting or alternatively you can enrol in just individual units (see prices below). There are substantial savings when enrolling in the FULL course.

    Please note: all students will receive the choice of MYOB or Xero Software (student edition) FREE of charge.

    Certificate IV in
    Accounting units
    Online (self-paced)
     BAS & Payroll only  $895  $1,400
    Certificate IV in
    $1,950 $3,900 – 12 days
    (includes 2 days of
    MYOB or Xero)

    ^All students studying at Monarch Institute are regarded as undertaking a course or qualification by Online education. Students may also choose to attend optional workshops which are facilitated by a recognised industry expert (‘trainer’), in this instance an Accounting Professional. All Monarch trainers are nationally recognised trainers and assessors under the Australian Quality and Framework (AQF). To successfully complete the FNS40615 Certificate IV in Accounting, pre-reading, attendance at optional workshops (if applicable), self-study and post-workshop assessments is required. For further information, refer to Monarch Institute’s Student Information Guide.

  • Government funding

    We offer Government subsidised AND Australia-wide standard fee places. As a National training provider with training venues in Melbourne, Sydney, Brisbane, Perth and Adelaide, the majority of our students are NOT eligible for additional Government Funding if they live outside the State of either Victoria or Queensland. Please know, Monarch provides fantastic training to students across every State of Australia, all at great prices! Please don’t hesitate to contact our friendly course consultants if you have any questions on 1300 738 955.

    If you live in Victoria or Queensland, Monarch has Government funded placed for 2017.

    To see if you are eligible for a Government Funded place, please CLICK HERE to see the criteria or contact one of our friendly course consultants on 1300 738 955 to learn more.

  • Duration

    Is there a maximum course completion time?

    Yes – you have up to 2 years to complete the qualification, and many complete it in less time. 

    We find our students complete the FNS40615 Certificate IV in Accounting in varying time frames. It really does depend on your life situation, and time availability. There is also a requirement that you complete each module within 6 months (i.e. 4 modules times 6 months = 2 years maximum).

    Is there a minimum course completion time?

    No – there is no minimum course time-frame. 

    Students can complete the qualification as quickly as they choose.

    What is the average course completion time-frame?

    Volume of learning: We have found students that are genuinely motivated to progress through the course are able to complete the full course in as little as 9 months. Other students that have no experience or understanding of key concepts in Bookkeeping and Accounting take closer to 2 years.The key factors that influence course completion is a student’s experience, time availability and work rate.

  • Accreditation

    Monarch Institute’s FNS40615 Certificate IV in Accounting and is Government accredited. It has National recognition under the Australian Qualifications Framework (AQF) meaning it can be used as a pathway to university qualifications, nationwide.

    Units of competency:

    To be awarded a FNS40615 Certificate IV in Accounting: 13 units of competency are required for award of this qualification. If you choose to upgrade to the Dual Qualification, an additional 1 unit of competency is required. Please CLICK HERE here for more information.

    The nationally recognised units of competency listed below are packaged into 4 modules:

    National Code  Unit Title
    Module 1 Establishing solid foundations…accounting fundamentals
    FNSACC301 Process financial transactions and extract interim reports
    FNSACC302 Administer subsidiary accounts and ledgers
    BSBFIA401 Prepare financial reports
    FNSACC405 Maintain inventory records
    Module 2 Show me the money! Financial statements and taxation
    FNSACC404 Prepare financial statements for non-reporting entities
    FNSACC401 Process business tax requirements
    Module 3 Big bucks for business…payroll, activity statements and computing
    FNSACC406 Set up and operate a computerised accounting system
    FNSBKG405 Establish and maintain a payroll system
    FNSBKG404 Carry out business activity and instalment activity statement tasks
    Module 4 Clever calculations and procedures…professional practices
    FNSACC303 Perform financial calculations
    FNSACC402 Prepare operational budgets
    FNSINC401 Apply principles of professional practice to work in the financial services industry
    BSBITU306 Design and produce business documents


  • Assessments

    Monarch has carefully structured its Assessments to include a variety of formats which will enhance your understanding:

    • Case studies
    • Multiple choice questions
    • Short Answer questions
    • Calculation questions
    • Accounting Software simulation questions

    Check your English and Maths ability by CLICKING HERE

  • Career opportunities

    Accounting – a growing industry

    The accounting industry is an exciting industry experiencing considerable growth, with many rewarding career opportunities. Successful completion of this course can lead to a variety of careers, including working as an accountant in a small, medium or large accounting practice or commercial business, working in a bank or financial services firm, or as a registered BAS agent (as an employee or business owner) subject to meeting the conditions set out by the Tax Practitioners Board. Other roles include responsibility for the preparation of financial statements, tax returns and analysis of the financial health of any business (financial officers) including accounts receivable and/or payable, as well as roles responsible for procurement.

    What job roles exist?

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

    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 Certificate IV in Accounting. This may be through formal or informal training and can result in credits towards your qualification. More information about RPL is contained in Monarch’s Student Information Guide

    What can I study next?

    You can enrol in the Diploma of Accounting with Monarch Institute as a study pathway, after successfully completing the Certificate IV in Accounting.