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FNS40215 and FNS40615

Dual Qualification Certificate IV Accounting & Bookkeeping

Why do a Dual Qualification?

If you are on this page you were considering studying either the FNS40215 Certificate IV in Bookkeeping or the FNS40615 Certificate IV in Accounting. But how about if you received both for only $2,125!

Monarch has designed both courses such that your units of competency are the same for the majority of both courses. In order to obtain a dual qualification i.e. a FNS40615 Certificate IV in Accounting AND a FNS40215 Certificate IV in Bookkeeping, you are required to complete one additional unit of competency depending on the course in which you are initially enrolled. This qualification also presents a pathway to completing Monarch’s FNS50215 Diploma of Accounting in order to become a Registered Tax Agent.

How does it work?

Simply complete the Dual Qualification Enrolment Form, and you will be enrolled in both the FNS40615 Certificate IV in Accounting and FNS40215 Certificate IV in Bookkeeping. Our online learning management system will automatically include the extra unit you require to gain your Dual Qualification.

Victorian and Queensland Government Funding available:

Check your eligibility by CLICKING HERE

Special Offer:

Plus get free membership into the Institute of Certified Bookkeepers when you enrol. Save $120!
CLICK HERE for more information.

Which additional unit of competency is included in the dual qualification?

The table below indicates the additional unit of competency required for students enrolled in either the FNS40615 Certificate IV in Accounting or the FNS40215 Certificate IV in Bookkeeping to upgrade to a Dual Qualification. Please note, the $175 upgrade price only applies if students enrol in the Dual Qualification at the outset. Students wanting to up-grade to the Dual Qualification mid-course are required to pay $475 reflecting the additional administration cost. Please call us on 1300 738 955 if you have any queries.

Your Enrolled Course Additional unit required to receive the Dual Qualification
FNS40615 Certificate IV in Accounting Unit Code (FNSBKG401) – Develop and implement policies and procedures relevant to bookkeeping activities

FNS40215 Certificate IV in Bookkeeping Unit Code (FNSACC402) – Prepare operational budgets
  • 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 & Bookkeeping Trainer. Your Accounting & Bookkeeping 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.

  • 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.

  • Pricing

    Dual Qualification: FNS40215 Certificate IV in Bookkeeping & FNS40615 Certificate IV in Accounting – Detailed Pricing

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

    Dual Qualification Online (self-paced)
    Full Certificate IV in Accounting or Certificate IV in Bookkeeping  $1,950  $3,900 – 12 days
    (includes 2 days of
    MYOB or Xero)
    Full Dual Qualification: Certificate IV in Accounting & Bookkeeping – Saving $300 $2,125 $4,075

    *Please note, the Dual Qualification pricing only applies if enrolling in the Dual Qualification at the outset. Students wanting to enrol in the Dual Qualification mid-course are required to pay $475 reflecting the additional administration cost. Please call us on 1300 738 955 if you have any queries.

    ^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 & Bookkeeping Professional. All Monarch trainers are nationally recognised trainers and assessors under the Australian Quality and Framework (AQF). To successfully complete the Dual Qualification FNS40215 Certificate IV in Bookkeeping and 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.

  • 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 Dual Qualification FNS40615 Certificate IV in Accounting & FNS40215 Certificate IV in Bookkeeping 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 Dual Qualification FNS40615 Certificate IV in Accounting & FNS40215 Certificate IV in Bookkeeping are Government accredited. Both qualifications have national recognition under the Australian Qualifications Framework (AQF) meaning they can be used as a pathway to university qualifications, nationwide.

    Units of competency:

    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
    FNSBKG401 Develop & implement policies & procedures relevant to bookkeeping activities
    FNSINC401 Apply principles of professional practice to work in the financial services industry
    BSBITU306 Design and produce business documents

  • Career opportunities

    The accounting and bookkeeping 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 starting your own bookkeeping business offering a great lifestyle potential.  Other exciting roles this qualification is suited to include; a certified bookkeeper (employee or business owner), any business owner looking to take control of their finances, a registered BAS agent (as an employee or business owner) subject to meeting the conditions set out by the Tax Practitioners Board, roles responsible for accounts receivable and/or payable, financial officers, as well as roles responsible for procurement and office administration.

    Some interesting statistics about the growth potential of accounting and bookkeeping

    According to the ATO and Australian Bureau of Statistics, there are over 2 million privately owned small businesses – each having less than $2 million in annual turnover. Additionally, there are 175,000 small-to-medium enterprises (SME’s) in Australia with an annual turnover between $2 million and $250 million, with 98% of those being privately owned. And then there are large multi-national corporations that employ huge numbers of accounts department staff.

    Small-to-medium enterprises (SME’s) and larger corporations generally hire full time and part-time bookkeepers and accounts persons – a great career opportunity for a qualified bookkeeper who has completed the Dual Qualification Certificate IV in Bookkeeping & Accounting.

    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)


  • 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

  • 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 Dual Qualifcation Certificate IV in Accounting & Bookkeeping. 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.