FNS40222 Certificate IV in Accounting and Bookkeeping
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Please note: The updated FNS40222 Certificate IV in Accounting and Bookkeeping aligns with the changing needs of the industry, incorporating new AI-focused units that help learners develop the digital capabilities required for modern accounting and bookkeeping roles.
This qualification is designed with your future in mind, offering more than just an education – it is a direct pathway to the financial services sector.
Whether you are entering the field or advancing your career, AIM has a proven track record of helping thousands of professionals achieve their career goals by equipping them with the job-ready, transferrable skills and knowledge needed to thrive in today’s competitive marketplace. These versatile skills can be applied across a range of industries, ensuring long-term career flexibility and growth.
Recognised by key industry bodies such as the Tax Practitioners Board (TPB), this certification not only meets the requirements to register as a BAS agent but also enhances your credibility and employability in the accounting and bookkeeping profession.
With a strong focus on practical application, you will graduate with the confidence to prepare financial reports, lodge BAS statements, manage payroll and leverage emerging AI tools to support efficient business and financial operations, all while mastering industry-standard software like Xero.
For aspiring entrepreneurs, this course also serves as a stepping stone to financial independence, providing both the practical expertise, digital capability and legal knowledge needed to manage your own business operations and excel in your career.
Who Should Undertake This Qualification?
- Individuals who want to start a career as accountants, bookkeepers, or payroll officers
- Small business owners who want to run their own financial records, manage budgets and ensure compliance with legal and tax obligations
- Individuals wanting to formalise their qualifications working in finance or administration roles to enhance their career prospects or take on additional responsibilities
- Professionals from other fields looking to transition into the accounting and finance sector, this course serves as a great entry point without needing a full degree
- Those who want to become registered Business Activity Statement (BAS) agents in Australia
- A great pathway to further studies, such as Diploma of Accounting
Possible Career Outcomes*
Potential career pathways for graduates of this qualification include roles such as bookkeeper, BAS Agent, Accounts Officer, Payroll officer, Accounts Assistant, Financial Clerk, Assistant Accountant under supervision of senior accountant, Accounts Payables and Receivables officer, Financial data entry officer, Assistant Financial Controller, Tax Agent’s Assistant.
These roles provide a solid entry point into the finance industry and serve as stepping stones for more advanced positions with further qualifications and experience.
This qualification also applies to small business owners who need to manage the financial aspects of the business including bookkeeping, payroll and compliance with tax laws.
*As per data from the Australian Government Department of Education and Training as well as the National Centre for Vocational Education Research.
Exclusive benefits for AIM students
Enjoy 12 months of exclusive benefits with the IPA Affiliate Membership, valued at AU$335, including professional recognition, expert career advice, access to a dedicated jobs board, and valuable networking opportunities through events and an online community - all designed to support your journey in accounting and bookkeeping.
Time Commitment
Study duration is dependent on your existing skills and experience. Typically, to complete within the specified course duration, it is recommended that students commit an approximately 10 hours towards study per week.
Assessments
Within the AIM assessment model, competency is demonstrated through answering knowledge questions and completing workplace-based practical assessment tasks.
These tasks includes the need to utilise workplace-based activities involving others or participation in role plays, which will need to be videoed as part of the assessment evidence. You may be expected to source and research additional materials as part of your study.
Units of Competency
These units of competency have been developed in consultation with industry experts along with our facilitators who draw upon real-life case studies and examples to ensure the knowledge you gain is practical and applicable to your role.
This table below reflects the core units (C) and pre-selected elective units (E) of this course.
| Unit Code | Unit Name |
|---|---|
| MODULE 1 – PROFESSIONAL PRACTICE IN ACCOUNTING | |
| FNSACC418 | Work effectively in the accounting and bookkeeping industry This unit describes the skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services. |
| FNSACC413 | Make decisions in a legal context This unit describes the skills and knowledge required to make decisions, particularly those relating to compliance issues, in a legal context. It introduces commercial law at an introductory level, covering Australian legal systems and processes. |
| MODULE 2 - COMPUTERISED ACCOUNTING SYSTEMS | |
| FNSACC426 | Set up and operate computerised accounting systems This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This involves processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity. |
| MODULE 3 – TRANSACTION PROCESSING AND SUBSIDIARY ACCOUNTS | |
| FNSACC321 | Process financial transactions and extract interim reports This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journal entries to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. |
| FNSACC322 | Administer subsidiary accounts and ledgers This unit describes the skills and knowledge required to reconcile and monitor subsidiary accounts and ledgers in financial accounts receivable and accounts payable systems. This includes identifying bad and doubtful debts, communicating with identified clients, and planning a recovery action, recording creditor invoices, and remitting payments to sundry creditors. |
| MODULE 4 - PAYROLL SYSTEMS | |
| FNSTPB412 | Establish and maintain payroll systems This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for computerised systems. |
| MODULE 5 - BUSINESS TAX COMPLIANCE | |
| FNSTPB411 | Complete business activity and instalment activity statements This unit describes the skills and knowledge required to process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports according to compliance requirements. |
| FNSACC411 | Process business tax requirements This unit describes the skills and knowledge required to maintain business taxation accounting records, and to process lodgements and returns according to Australian Taxation Office (ATO) requirements, excluding income tax. |
| MODULE 6 - FINANCIAL STATEMENTS AND REPORTING | |
| FNSACC414 | Prepare financial statements for non-reporting entities This unit describes the skills and knowledge required to prepare financial statements for entities that do not have a statutory duty to file financial reports with government agencies and regulators. |
| FNSACC421 | Prepare financial reports This unit describes the skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. |
| MODULE 7 - BUSINESS BUDGETING AND SPREADSHEETS | |
| BSBTEC302 | Design and produce spreadsheets This unit describes the skills and knowledge required to develop spreadsheets through the use of spreadsheet applications. |
| FNSACC412 | Prepare operational budgets This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations. |
| MODULE 8 - ANALYSIS AND FORECASTING WITH AI | |
| NAT11287003 | Analyse data and make forecasts using AI This unit describes the skills and knowledge required to use AI technologies to effectively interpret and analyse data and to use AI in developing meaningful forecasts and data-driven insights. |
Additional Information
Completion of the FNS40222 Certificate IV in Accounting and Bookkeeping gives you the opportunity to explore further qualification opportunities such as the:
- FNS50222 Diploma of Accounting
- BSB50820 Diploma of Project Management
For more information, speak to one of our Senior Training Advisors on 1300 658 337.
Entry requirements
To be eligible for enrolment at AIM into FNS40222 Certificate IV in Accounting and Bookkeeping you must:
- have a minimum of two years equivalent full-time workplace experience
- be 18 years of age or older at the time of enrolment
- be technologically literate and have access to the Microsoft Office suite or equivalent
- have continuous internet access
- have access to a workplace
- have a Unique Student Identifier (USI) number (you can receive a USI or check if you already have one by visiting www.usi.gov.au/students/get-a-usi)
- have the ability to read and write English and display numeracy skills to at least Year 10 level.
Find out more about the AIM Student Entry Procedure.
Recognition of Prior Learning (RPL)
Recognition of skills and knowledge gained through previous studies, work and life experiences may be used to award competency for Units of Competency within this qualification. Read more on Recognition of Prior Learning and Credit Transfer or call 1300 658 337.
Payment Options
Complete the enquiry form below or call 1300 658 337 to learn more about the following payment options and tuition fees.
- Pay upfront for the full cost of your qualification in one easy payment.
- Defer all or part of your tuition fees with flexible payment options through AIM's finance partner, zipMoney.
- Funding options may be available in your state, please contact us for more information.
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