Diploma of Accounting

FNS50222 - Diploma of Accounting (Release 2) Duration 52 weeks (12 weeks break inclusive)

CRICOS Course Code: 112760F

This qualification reflects accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers, and employees performing a range of accounting tasks for organisations in a range of industries. Individuals in these roles apply solutions to a range of often complex problems and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.

Licensing, legislative, regulatory or certification considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.

This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly.

Employment Pathway

Job roles and titles vary across different industry sectors. Possible job titles relevant to this qualification include:
• Budget Officer
• Senior Bookkeeper
• Assistant Accountant
• Senior Accounts Receivable Clerk
• Senior Accounts Payable Clerk

Pathways from the qualification

After completing this qualification, students may articulate into further study Advanced Diploma of Accounting offered by any RTO, or they may have opportunities to continue their studies in Bachelor’s Degree programs offered by Higher Education providers.

Entry Requirements

• [Age Requirement]: Be 18 years old or over

• [Knowledge Requirement]: Students must prove their successful completion of the following units of competency (or their equivalent):

    ---FNSACC321 Process financial transactions and extract interim reports
    ---FNSACC322 Administer subsidiary accounts and ledgers
    ---FNSACC418 Work effectively in the accounting and bookkeeping industry
    ---FNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).

    These competencies may have been achieved through completion of FNSSS00014 Accounting Principles Skill Set (or their equivalent) or FNS40222 Certificate IV in Accounting and Bookkeeping.

• [English Requirement]: For international students, IELTS overall 5.5 or its equivalent (TOEFL/PTE/Cambridge English are acceptable), OR complete Australian ELICOS course at upper intermediate level, OR complete any AQF Certificate IV course (or above) taught in English, OR pass the SIBC English placement test at upper intermediate level (at least 60 points out of 100) unless your nationality is the US, UK, New Zealand, Canada or Ireland.

Delivery and Assessments

This qualification is delivered in an institution-based environment with face-to-face delivery (20 hours per week). The mode of training is highly practical with a combination of in-class learning activity, class demonstration, class tutorial/workshop and self-paced learning. In addition to your face-to-face hours, you will be required to allocate 5 hours per week for structured self-paced learning in your own time.

SIBC draws on a range of assessment methods such as knowledge questions, research tasks, role-plays, case studies and observations. Depending on the unit requirements, a combination of methods is used to ensure collection of sufficient and valid evidence.

You will be required to complete some assessment tasks during your face-to-face hours and in your own time. A total of 5 hours per week is required for completing assessment in your own time.

Course structure

Duration: 40 tuition weeks. (52 Weeks include break) The course consists of 11 units and is clustered into 4 groups in order to be delivered within 4 terms of full-time study load. The term duration is 10 weeks.

Please refer to the unit description on https://training.gov.au/Training/Details/FNS50222.

Note: please refer to the prior to enrolment kit for the course fee, cancel & refund policy, the enrolment term and condition, and the student welfare support service provided.

Core Units

BSBTEC402 Design and produce spreadsheets
FNSACC521 Provide financial and business performance information
FNSACC522 Prepare tax documentation for individuals
FNSACC523 Manage budgets and forecasts
FNSACC524 Prepare financial reports for corporate entities
FNSACC526 Implement and maintain internal control procedures
FNSACC527 Provide management accounting information

Elective Units

BSBLDR413 Lead effective workplace relationships
FNSACC505 Establish and maintain accounting information systems
FNSFMK515 Comply with financial services regulation and industry codes of practice
FNSINC514 Apply ethical frameworks and principles to make and act upon decisions

AQF

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