Certificate IV In Accounting And Bookkeeping

Program Overview

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The Certificate IV in Accounting and Bookkeeping from the National Polytechnic of Australia equips individuals with the knowledge and skills to work in the accounting industry, including as BAS Agents and contract bookkeepers. The program covers essential accounting and bookkeeping concepts, preparing financial statements, managing accounts, and completing business activity and instalment activity statements. Students develop critical thinking and problem-solving abilities, and are prepared for registration as BAS agents with the Tax Practitioners Board.

Program Outline

Degree Overview:

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Overview:

The Certificate IV in Accounting and Bookkeeping from the National Polytechnic of Australia (NPA) prepares individuals for roles in the accounting industry, including BAS Agents and contract bookkeepers. It equips students with the knowledge and skills to prepare and lodge business and instalment activity statements, provide advice to taxpayers, and work autonomously in accounting and bookkeeping tasks.

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Objectives:

• Develop theoretical and specialist knowledge in accounting and bookkeeping principles.
• Enhance skills in preparing financial statements, managing accounts, and completing business activity and instalment activity statements.
• Foster critical thinking and problem-solving abilities in accounting and bookkeeping contexts.
• Prepare students for registration as BAS agents with the Tax Practitioners Board (TPB).

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Program Description:

The program consists of 13 units of competency, including 10 core units and 3 elective units. Core units cover essential accounting and bookkeeping concepts, while elective units allow students to tailor their studies to specific industry needs.

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Outline:

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Content:

• Financial transactions and reporting
• Subsidiary accounts and ledgers
• Operational budgeting
• Financial statement preparation
• Computerized accounting systems
• Business activity and instalment activity statements
• Payroll systems

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Structure:

• Blended delivery mode: Face-to-face and online components
• 52-week duration (44 weeks tuition + 8 weeks scheduled break)

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Individual Modules:

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Core Units:

• BSBTEC302 Design and produce spreadsheets: Develop and use spreadsheets for accounting and bookkeeping tasks.
• FNSACC321 Process financial transactions and extract interim reports: Record and process financial transactions, and prepare interim financial reports.
• FNSACC322 Administer subsidiary accounts and ledgers: Manage subsidiary accounts and ledgers, and prepare trial balances.
• FNSACC412 Prepare operational budgets: Develop and implement operational budgets for organizations.
• FNSACC414 Prepare financial statements for non-reporting entities: Prepare financial statements for non-reporting entities, such as small businesses.
• FNSACC418 Work effectively in the accounting and bookkeeping industry: Understand the ethical and professional responsibilities of accounting and bookkeeping professionals.
• FNSACC421 Prepare financial reports: Prepare financial reports, including balance sheets, income statements, and cash flow statements.
• FNSACC426 Set up and operate computerised accounting systems: Implement and manage computerized accounting systems.
• FNSTPB411 Complete business activity and instalment activity statements: Prepare and lodge business activity and instalment activity statements for clients.
• FNSTPB412 Establish and maintain payroll systems: Establish and maintain payroll systems for organizations.

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Elective Units:

• BSBCRT511 Develop critical thinking in others: Enhance critical thinking skills in others through coaching and mentoring.
• FNSACC405 Maintain inventory records: Manage inventory records and ensure accurate inventory valuation.
• BSBTEC402 Design and produce complex spreadsheets: Develop and use complex spreadsheets for advanced accounting and bookkeeping tasks.

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Assessment:

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Assessment Methods:

• Written assignments
• Practical exercises
• Case studies
• Presentations
• Online quizzes

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Assessment Criteria:

• Knowledge and understanding of accounting and bookkeeping principles
• Ability to apply accounting and bookkeeping skills in practical situations
• Critical thinking and problem-solving abilities
• Communication and presentation skills
• Ethical and professional conduct

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Teaching:

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Teaching Methods:

• Lectures
• Tutorials
• Workshops
• Practical demonstrations
• Online learning resources

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Faculty:

• Experienced accounting and bookkeeping professionals
• Industry experts

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Unique Approaches:

• Blended delivery mode allows for flexibility and customization.
• Practical exercises and case studies provide hands-on experience.
• Industry partnerships ensure relevance and currency of program content.

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Careers:

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Potential Career Paths:

• Accounts Officer
• Accounts Supervisor
• Bookkeeper
• BAS Agent
• Payroll Officer
• Financial Analyst

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Opportunities:

• Employment in accounting and bookkeeping firms
• Opportunities in various industries, including finance, healthcare, and retail
• Career advancement through further education and professional development

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Outcomes:

• Increased job opportunities in the accounting and bookkeeping industry
• Enhanced earning potential
• Professional recognition as a BAS Agent (subject to TPB registration)