FNS40222 Certificate IV in Accounting and Bookkeeping

FNS40222 Certificate IV in Accounting and Bookkeeping


Fridays commencing 16 August 2024

The FNS40222 Certificate IV in Accounting and Bookkeeping reflects the job roles of workers in the accounting industry. This includes BAS Agents and contract bookkeepers; and employees performing bookkeeping tasks for organisations in a range of industries. It includes:

  • processing financial transactions and administering accounts and ledgers
  • identifying and applying compliance requirements to financial activities
  • working with the goods and service tax (GST)
  • preparing and lodging business and instalment activity statements (BAS)
  • preparing financial reports and statements
  • setting up and working with computerised accounting systems
  • setting up and operating a payroll system
  • preparing budgets
  • maintaining inventory records
  • providing advice or dealing with the Commissioner on behalf of a taxpayer in relation to activity statements.

Individuals in these roles apply theoretical and specialist knowledge and skills to work autonomously, and exercise judgement in completing routine and non-routine activities.

Licensing/Regulatory Information

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the; FNS Financial Services Training Package Companion Volume Implementation Guide, or the relevant regulator for specific guidance on requirements.

Persons providing a business activity statement (BAS) service for a fee, or other reward, must be registered by the Tax Practitioners Board (TPB). This qualification is currently cited as meeting the TPB education requirements for registration. Other conditions apply, including a designated period of experience. Persons seeking BAS agent registration should check current registration requirements with the TPB, as registration requirements are reviewed regularly.

Enrol now

Please do not print the enrolment forms.

Once you have submitted your enrolment into your desired course, you will be notified within 2-3 days if you have been approved or if you need to provide more information.

Accepted students will receive an email roughly one week prior to course commencement. This will include student log in details, a campus map and information about finding your classroom and parking.

MSA Training and Professional Development adheres to the Code of ethics for ACPET members

RTO Number: 21526


Course Fees

Fees are inclusive of all materials.

All enrolments are subject to our Refund and Transfer Policy, please click here for the relevant details.

Depending on your individual circumstances, this course may be tax deductible.

Course fees must be made prior to course commencement.  Up to $1000 will be taken as a deposit for upfront payments, with the balance to be paid via a payment plan or Request for Invoice/purchase order (eg. If your employer is paying).

Unfortunately there is no government funding available for this course in 2024
Full Fee $5,370.50
Concession $5,171.00

The Nationally Recognised Certificate IV in Accounting and Bookkeeping qualification is delivered in the classroom on our Clayton campus over 28 weekly sessions running from 9:00am-4:00pm, for approximately eight months.

Total classroom hours: 182 hours in total

Estimated study hours: 8-10 hours per week

13 units are required for award of this qualification including 10 core units and 3 elective units.

  • FNSACC418 Work effectively in the accounting and bookkeeping industry
  • FNSACC321 Process financial transactions and extract interim reports
  • FNSACC322 Administer subsidiary accounts and ledgers
  • FNSACC421 Prepare financial reports
  • FNSTPB412 Establish and maintain payroll systems
  • FNSTPB411 Complete business activity and instalment activity statements
  • FNSACC414 Prepare financial statements for non-reporting entities
  • BSBTEC302 Design and produce spreadsheets
  • FNSACC426 Set up and operate a computerised accounting system *
  • FNSACC412 Prepare operational budgets
  • BSBESB401 Research and develop business plans
  • FNSACC323 Perform Financial Calculations
  • BSBPEF501 Manage personal and professional development


Students will require a sound understanding of how to navigate computers along with software (Word, PowerPoint), opening and closing documents, saving documents, formatting documents, typing and using the internet for searching and emails. Students who are not confident using computers are welcome to enrol in one of the short computer courses provided by MSA Training and Professional Development.

Students are required to fill out a Language Literacy and Numeracy assessment during the enrolment process. For those with difficulty filling out the LLN form MSA Training and Professional Development offers a beginners’ ESL and individual ESL classes. During enrolment students will also undergo a pre-training review which will help make sure this course is right for you and identify any additional support you may need.


Students who are unable to attend all sessions of their chosen timetable may need to make-up those sessions in other timetables to be able to successfully complete their qualification.

Group-work is required for this qualification and students will be assessed on their level of participation.

Students are required to attend a minimum of 85% of their classes. If you are unable to meet the minimum attendance, you may be required to take make-up sessions in a different timetable.

Assessment methods and requirements

Assessment will include written knowledge questions, classroom activities, role plays and projects.

Assessments are to be submitted to your trainer within 4 weeks of the unit/cluster.


Please ensure you have a laptop with Microsoft Word, or equivalent, for campus-based classes.

A computer with Microsoft Word, or equivalent, sufficient internet connection, camera and mic for zoom classes, before enrolling into this qualification. Note that this course is only offered on-campus, however in instances of Covid lockdowns, some classes may be held online.


Options available

  • Payment by employer (invoice)
  • Busy At Work Funding
  • Payment plan, details below:

Online payments are processed through our secure payment gateway partner, EzyPay. For payment plans, a Payment Dishonour Fee of $8.90 will be charged for each dishonoured payment.


View 2024 Payment plans.

View Payment Plan Terms & Conditions.


We do not accept cash payments.


Unfortunately the Victorian Department of Jobs, Skills, Industry and Regions have not allocated us any funded places for this qualification in 2024.

Contact the department on 9651 9999 for more information.

Busy At Work Funding

Skills Checkpoint for Older Workers is an Australian Government-funded initiative to enable mature-aged Australian workers and recently unemployed mature-aged Australians to remain in, or re-enter the workforce.


Eligibility Criteria

To qualify you must be:

  • aged 40 years or over,
  • an Australian citizen or permanent resident,
  • employed and at risk of entering the income support system, or recently unemployed (within 12 months), and,
  • not registered for assistance through an Australian Government employment services program.

If you are a mature age worker who is at risk of losing your job or are unemployed (for less than 12 months), you may qualify for the Skills Checkpoint program.


Skills Checkpoint provides personalised advice and guidance on up-skilling for a current job, transitioning into new roles within a current industry or pathways to new careers, including a co-funding amount for relevant education and training (up to a maximum of $2,200).

Entry requirements

There are no formal entry requirements for this qualification.

You will be required to complete a Language Literacy and Numeracy Assessment. Please see student handbook for more information on the LL&N Assessment.

Sufficient written and spoken English language skills, numeracy skills and basic computing and word processing skills.

This course is suitable for students aged 17 and over. If you are under 17 and wish to enrol, please contact us to discuss your suitability for enrolment.

Credit Transfers (CT)

Credit Transfer is a process used to recognise qualifications and Statements of Attainment issued by any other RTO or TAFE.  If you have successfully completed any of the units in the course in which you are enrolling, or their equivalent, you may be eligible for credit transfer.  Where credit transfer is granted you will be considered to have already successfully completed the unit(s), and will not have to participate in training or assessment activities for that unit(s).  In determining where credit transfer may be granted, MSA Training and Professional Development must be confident of the currency of the applicant’s knowledge.  In fields where practice/technology is changing rapidly, credit transfer may not be granted where knowledge of unit(s) has dated.

MSA Training and Professional Development will recognise AQF qualifications and Statements of Attainment issued by any RTO.

To apply for a credit transfer, please complete the Application for credit transfer form and email it to msa-monashtraining@monash.edu

Recognition of Prior Learning (RPL)

RPL is an assessment process that gives an individual (you) an opportunity to gain formal recognition—i.e. a qualification or statement of attainment— for knowledge and skills you have attained through informal learning, work and life experiences. If you think you may be able to gain RPL for any of the units for this qualification, please speak to us to request and RPL Information Handout.

Please click here to see available support services at MSA Training and Professional Development

Successful completion could also lead students pursuing further study in higher level qualifications from the FNS Training package, such as

  • FNS50222 Diploma of Accounting
  • FNS60222 Advanced Diploma of Accounting

Students wishing to pursue tertiary study at Monash University may be able to access the Diploma of Tertiary Studies which then feeds into a variety of bachelor’s degrees. Completion of FNS40222 will also be considered by the Faculty of Business for entry into a variety of bachelor qualifications.

Enrolling into this course (classroom based only) will entitle you to a temporary public transport tertiary concession card.

PTV Tertiary Student ID holders receive a 50 per cent discount on travel.


To obtain a PTV Tertiary Student ID you must be:

  • attending a normal course of full-time study at an Institution registered with the Victorian Department of Education and Training as shown in the PTV Register of Approved Courses in Tertiary Institutions; and
  • a citizen or permanent resident of Australia (Special Category Visa holders excluded); student with refugee status; student studying as part of an approved overseas exchange program; or student holding an Australia Awards Scholarship.

Unfortunately, you’re not eligible for a PTV Tertiary Student ID if you are:

  • enrolled in a Masters, Doctorate, or other postgraduate course
  • an overseas full-fee paying student (primary, secondary or tertiary)
  • enrolled in a tertiary course which is less than 10 weeks duration
  • enrolled in an apprenticeship course
  • enrolled in an off-campus course
  • not studying full time

To assess the type of concession, select ‘Monash Student Association’ in the Institution drop down box, this will bring up a list of MTPD courses.

For more information go to https://www.ptv.vic.gov.au/tickets/myki/concessions-and-free-travel/children-and-students/tertiary-students/

Nuzi Cader

With a FCPA and over 10 years of experience as a trainer, Nuzi is a qualified and experience trainer who ensures her students receive a high standard of education. At Monash Training and Professional Development, Nuzi teaches numerous courses including Cert IV in Training and Assessment, Diploma of Accounting and Cert IV in Bookkeeping and Accounting.

sessment, Diploma of Accounting and Cert IV in Bookkeeping and Accounting.

This qualification is available to be taught at your workplace for groups of 8 or more employees. Find out more here.