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Certificate of Bookkeeping and Accounting

$899.00$1,299.00

Course Outline and Topics

Course Overview

Whether you’re looking to refresh your current knowledge, are returning to the workplace or want to start your own business, bookkeeping is valuable skill for anyone in business.

There are thousands of small businesses operating in Australia and many will seek to outsource their bookkeeping. This offers an attractive opportunity to own your own business and work your own hours.

You can take the first step towards a rewarding career in bookkeeping with The Certificate of Bookkeeping and Accounting. This online professional development program will provide you with the skills and knowledge required to work effectively in any entry-level bookkeeping or accounting role.

In this comprehensive course, you will learn to:

  • Reconcile and monitor financial accounts receivable systems.
  • Identify bad and doubtful debts and plan a recovery action and remit payments to sundry creditors.

This course covers:

  • A common range of calculation methods and techniques for conducting routine financial calculations and transactions.
  • A range of commonly required financial reports for entities that do not have a statutory duty to file financial reports with government agencies and regulators.

You will acquire knowledge to:

  • Develop, implement and maintain policies and practices to ensure that a quality service is provided in relation to in-house or contracted bookkeeping activities.
  • Establish and manage organisational procedures in arranging for and administering receipts and payments to establish and maintain a manual and computerised bookkeeping system on a cash basis.
  • Modify and operate an integrated computerised accounting system.
  • Establish debtors and creditors, bad debt and contra entries, perform reconciliations, review compliance terms and conditions, plan a recovery action and prepare reports.
  • Process business taxation requirements related to Business Activity Statements (BAS) and Instalment Activity Statements (IAS), including the completion of Activity Statements.
  • Record and prepare payroll documentation, deal with enquiries regarding payroll, and process payroll from provided data in manual or computerised payroll systems.

Course Structure

Unit 1 - Perform financial calculations

  • Input data
  • verify workplace calculations
  • Financial data and usage
  • Depreciation factors
  • Loan calculators
  • Tax tables
  • Data verification
  • Simple and compound interest
  • GST
  • Mark-up and break even
  • Determine outcomes of calculations
  • Equipment to perform calculations
  • Develop simple spreadsheets
  • Using scientific calculators
  • Graphs diagrams and charts
  • Damaged stock report
  • Perform calculations to complete work
  • Recheck data used in calculations
  • Check calculations
  • Record calculation results
  • Storing electronic files

Unit 2 - Prepare financial reports

  • Maintain asset register
  • Double-entry accounting
  • Principles of recording
  • Source documents
  • Determining profit
  • Financial reporting
  • Financial controls
  • Property register
  • Accounting treatment of assets
  • Calculating depreciation
  • Black hole expenditure
  • Low value assets
  • Policies and procedures
  • Accounting requirements
  • Depreciation schedules
  • Recording journal entries
  • Balance day adjustments
  • Adjust expense accounts
  • Revenue accounts
  • Bad and doubtful debts
  • Accounts receivable reports
  • Legislative requirements
  • Privacy
  • Code of ethics
  • Code and practice
  • Code of conduct
  • General ledger accounts
  • Cash transactions
  • Manual systems
  • Goods and Services Tax (GST)
  • Trading account
  • Profit and loss reports
  • Bank reconciliation report
  • End of period reporting
  • Revenue statement
  • Balance sheet
  • Trial balance sheet
  • Correcting mistakes
  • Accrual accounting

Unit 3 - Develop and implement policies and procedures relevant to bookkeeping activities

  • Bookkeeper expectations and needs
  • Bookkeeper roles and responsibilities
  • Changes to accounting systems
  • Working with the accountant
  • BAS statements
  • Income tax and GST
  • Australian Taxation Office (ATO)
  • Interview techniques
  • Active listening
  • Ethics
  • Duty of care
  • Code of professional conduct
  • Professional development
  • Skills audit
  • Compliance requirements
  • Legislation
  • Statutory and industry requirements
  • ATO reports
  • Software
  • Develop systems to support user needs
  • Policies and procedures
  • Codes of practice
  • Flow charts

Unit 4 - Establish and maintain a cash accounting system

  • Chart of accounts
  • BAS Statements
  • Entity types
  • Creating / modifying chart of accounts
  • Business operations
  • Activity statements
  • GST information reports
  • Transactions not reported
  • Income tax returns
  • Company tax returns
  • FBT returns
  • PAYG systems
  • Superannuation
  • Store taxes
  • Penalties
  • Accounting software
  • Account numbering
  • Double entry accounting
  • Account balances
  • Validation
  • Verify source documents
  • GST calculation
  • Legislation and regulations
  • Key Performance Indicators (KPI’s)
  • Code of conduct
  • Industry codes of practice
  • Company codes of practice
  • Accounts payable
  • Accounts receivable
  • Correcting data errors
  • Collecting payments
  • Balancing cash / cash registers
  • Cash floats
  • Bank deposits
  • Coding and recording receipts
  • Principles in account keeping
  • Accounting equations
  • T accounts
  • Trial Balances
  • Receipts and payments
  • Customer invoices
  • Filing practices
  • Organisation of information
  • Maintaining petty cash
  • Reconciling credit cards
  • Electronic credit card facilities
  • Bank reconciliations
  • Bank charges & dishonored cheques
  • Bank reconciliation reports
  • Financial reports
  • Depreciation schedules
  • Forecasting and analysis techniques
  • Cash flow

Unit 5 - Establish and maintain an accrual accounting system

  • Chart of accounts
  • Debtors and creditor ledges
  • Accrual based accounting
  • Transactions
  • General ledger
  • Subsidiary ledgers
  • Raise invoices to debtors
  • Allocate invoice to creditors
  • Coded and pressed source documents
  • Selecting a journal
  • Process bank payments
  • Banking
  • Process payment to creditors
  • Policies and procedures
  • Manage contra entries
  • Verify contra deals
  • Reporting and documentation
  • Process contra entries
  • Accounts receivable
  • Process bad debts
  • Report and verify bad debts
  • Good customer service
  • Complete documentation
  • Accounting treatment
  • Manage debt recovery
  • Negotiation with customer
  • Collections process
  • Letter of demand
  • Legal action
  • Reports and trial balance
  • Produce accurate reports
  • Check debtors and creditors
  • Prepare trial balance
  • The accounting equation
  • Reports
  • Identify issues
  • Report writing

Unit 6 - Carry out business activity and instalment activity statement tasks

  • Compliance requirements
  • Tax obligations
  • Australian taxation office (ATO)
  • The cash system
  • The accrual system
  • GST rulings
  • Australian business number (ABN)
  • The AUASB
  • Property register
  • E-tax
  • National tax practitioners board
  • Code of professional conduct
  • Confidentiality
  • Taxation laws
  • Suspension of registration
  • Administrative sanctions
  • Civil penalties
  • Networking
  • Document lodgment schedule
  • Tax returns
  • Tax penalties
  • Superannuation levy
  • Cash flow and payment options
  • GST implications
  • Code transactions
  • Apply and record GST principles
  • Types of supplies
  • Apportionment
  • Adjustment
  • Tax invoice requirements
  • Coding purchases and or payments
  • BAS
  • Coding sales and or receipts
  • Determining the GST turnover
  • Accounting data
  • Entering cash transactions
  • Recipient created tax invoice
  • Payroll activities
  • Reconcile total salaries wages
  • Reconcile other payments
  • The PAYG system
  • Amounts withheld (No ABN)
  • Wine equalisation tax (WET)
  • Fringe benefits tax (FBT)
  • Calculate PAYG and instalments
  • Lodge activity statement
  • Process and records payments and refunds
  • Reconciling GST liability

Unit 7 - Establish and maintain a payroll system

  • Payroll requirements
  • Employment legislation
  • Acts and regulations
  • Codes of practice
  • Taxation
  • Deductions
  • Health and safety
  • Payroll awards
  • Salary packaging
  • BAS agent services
  • Accurate payroll data
  • Tax file number (TFN)
  • Superannuation
  • Employee data and records
  • Payroll discrepancies
  • Employee details
  • Deductions and allowances
  • Monitoring payroll data
  • Bonus
  • Calculate payments
  • Pay variations
  • Computerised systems
  • Manual systems
  • Senior Australian tax offsets
  • HELP debt
  • Deducting tax
  • Payroll preparation
  • Policies and procedures
  • Workers compensation
  • Leave requirements
  • Reconcile total payments
  • Posting payroll to system
  • Payroll authorisation
  • Payments and pay slips
  • Store payroll records
  • Payroll enquiries
  • Legislation requirements
  • Refer enquiries to supervisor
  • Follow-up action
  • Record keeping
  • Reconcile month end
  • Generate and distribute payroll reports
  • Produce Instalment activity statement (IAS)

Unit 8 - Administer subsidiary accounts and ledgers

  • Accounts receivable process
  • The basic rules of accounting
  • Entering cash transactions
  • Identify incorrect entries
  • Accrual accounting
  • Discrepancies
  • Source documents
  • Verify bad and doubtful debts
  • Reviewing debtor ledger
  • Australian consumer law
  • Reporting procedures
  • Organisational policy and guidelines
  • Plan recovery action
  • Default of trading terms
  • Collection process
  • Exhausted recovery avenues
  • Register of invoice disputes
  • Debt recovery plan
  • Legal action
  • Legislative requirements
  • Code of ethics, practice and conduct
  • Rectify invoice discrepancies
  • Request payment authorisation
  • Financial services reform legislation (FSR)
  • Australian Prudential Regulation Authority (APRA)
  • Creditor payments
  • Documentation
  • Reconcile outstanding balances
  • Reporting
  • Profit and loss statement
  • Assets and liabilities statement
  • Outstanding balance statements
  • Bank reconciliations

Unit 9 - Prepare financial statements for non-reporting entities

  • Classifying codes
  • Data information and knowledge
  • Accuracy and reliability
  • Policies and procedures
  • Code of conduct
  • Ethics
  • Internal and external financial data
  • Principles of accounting
  • Regulations
  • General ledger and journals
  • GST calculation
  • Cash system
  • Accrual accounting
  • BAS
  • Transaction entries
  • Charts and diagrams
  • Preparing reports (structure and format)
  • Accounting equation
  • Chart of accounts
  • Trial balance
  • Profit and loss statement
  • Controls and report writing
  • Forecasting and analysis techniques
  • Rules of accounting
  • Balance sheets
  • Calculating depreciation
  • Australian Accounting Standards Board (AASB)

Unit 10 - Set up and operate a computerised accounting system

  • Integrated accounting systems
  • General ledger
  • Journals
  • Expenses
  • Goods & Services Tax (GST)
  • GST calculation
  • Cash system
  • Chart of accounts
  • Double entry accounting
  • Australian standards (record management)
  • ATO business registration
  • Tax invoice requirements
  • Code classify input data
  • Cash and credit transactions
  • Entering cash transactions
  • Transaction principles
  • Trading accounts
  • General ledger
  • Account classification
  • Adding a customer
  • Inventory items
  • Adding a customer / supplier
  • Inventory
  • Fixed asset records
  • Australian Accounting Standards Board (AA SB)
  • Generating financial performance reports
  • Reporting PAYG
  • GST reports
  • PAYG withholdings / instalments
  • NAT number
  • Accounts method
  • GST calculation for BAS
  • Accounting and auditing standards
  • Profit and loss statement
  • GST liability account
  • Subsidiary ledgers
  • Internal control
  • Bank reconciliations
  • Uncleared cheques / deposits
  • Reconciliation problems
  • Online banking
  • System integrity

Assessment

Written assignments and exercises, including short-answer questions, reports/essays and projects. There are no examinations or due dates for assessment.

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Benefits

  • Become fully trained and improve your employment opportunities;
  • Recognised by employers as professional development;
  • Study online, anywhere via our elearning system;
  • Access to high-quality courses written by industry experts;
  • Interactive simulations for many programs;
  • All course materials provided online – no textbooks to buy;
  • Unlimited tutor support;
  • Easy to understand course content;
  • Unlimited enrolment with no expiry;
  • Certificate issued for your CV (hard copy provided);
  • Tax deductible in most cases* See your tax advisor.

Payment Information

Certificate Course

,

Career Pathways

Future growth

Very Strong

Unemployment

Low

  • Bookkeeper
  • Assistant Accountant
  • Finance Officer
  • Accounts Payable Clerk / Officer
  • Accounts Receivable Clerk
 
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