Accounting Diploma FNS50217
ADVANCED ACCOUNTING SKILLS THAT DELIVER BUSINESS NEEDS
If you would like to gain a more in-depth understanding of business tax, tax returns and the principles of company accounting, then the Diploma of Accounting is the qualification you need. It will also expand your knowledge around the preparation of budgets and forecasts, and provide an increased awareness of internal control procedures within an organisation. Note entry prerequisites apply to this Diploma.
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Subject Choices
offered under the Diploma of Accounting
Please note that subjects and specific units of competency on offer will vary and may change during your enrolment
Elective subjects may apply and will be determined during the induction process
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Spreadsheets - Advanced.
This advanced subject allows you to build on the basics of working with excel and creating formulas. You will learn how to best layout and show information and create charts, as well as save and store workplace documents safely, efficient computing and hazard identification. You will also learn time saving functions such as named ranges, linking and consolidating data, data tables, array formulas, data validation, macros, templates and cell protection.
- Unit(s):
- BSBITU402 Develop and use complex spreadsheets
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Financial Budgets
The budgeting process is covered in depth in this diploma level subject. You will get the opportunity to develop your forecasting skills as you prepare sales, cash and operating budgets. You will also learn how to produce budgeted financial statements which are useful for estimating the financial results, financial position and cash flows of a business.
- Unit(s):
- FNSACC513 Manage budgets and forecasts
- FNSACC412 Prepare operational budgets
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Internal Controls
Internal controls are a very important function of any business. They are an essential means of safeguarding a business’s assets and resources. You will learn about specific controls that should be introduced into every accounting system as well as fraud and fraud detection and auditing and corporate governance.
- Unit(s):
- FNSACC516 Implement and maintain internal control procedures
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Understanding Tax Returns
Our Tax Returns module provides a very comprehensive insight into the world of income tax. You will learn about taxable income and the deductions that apply in particular circumstances. There are several case studies that play an important part in helping you to consolidate your knowledge so that tax returns are not only accurate but claim for the maximum tax benefit available.
- Unit(s):
- FNSACC512 Prepare tax documentation for individuals
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Financial Accounting
The focus of this subject is to analyse business accounts so that you can provide financial and business information that helps business operations. It looks at key business ratios and the key principles of cash flow and budgetary control. Activities require you to assess taxation, risk, compliance and business viability issues faced by businesses and present the information as a formal report.
- Unit(s):
- FNSACC511 Provide financial and business performance information
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Company Accounting
This specialist accounting diploma subject looks at the unique requirements of company accounting, including the accounting processes for starting a company, raising funds and preparing financial statements and consolidated financial statements. You will also learn about the requirements for company reporting and company tax reporting. Note: The module Financial Statements or the equivalent is a pre-requisite for this subject.
- Unit(s):
- FNSACC514 Prepare financial reports for corporate entities
- FNSORG505 Prepare financial reports to meet statutory requirements
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Management Accounting
This module outlines the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports and review costing systems integrity to calculate and record the costs of products and services.
- Unit(s):
- FNSACC517 Provide management accounting information
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Accounting Business Operations
This subject covers the skills and knowledge needed to work effectively in the accounting and bookkeeping industry. It covers the various roles and responsibilities within the industry and the expectation in relation to ethical practices. It is an aid for decision making in terms of budgeting and cost benefit analysis for the introduction of new technology such as cloud accounting as well how you can promote your product, get the most out of feedback and your requirement to maintain your professional development.
- Unit(s):
- FNSACC408 Work effectively in the accounting and bookkeeping industry
- BSBITU422 Use digital technologies to collaborate in the workplace
Course Fees
Quality Education at a Fair Price
2,530
* - $7,500
Course Duration
24 months is allowed as the standard part time enrolment term for the Diploma of Accounting course.
Students who are able to commit more time to their course can finish earlier; while Traineeship terms may be longer.
Entry Requirements
for the Diploma of Accounting
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Prior Studies: Accounting Principles Skill Set
Students wishing to enrol in the Diploma of Accounting FNS50217 must first complete, or have completed, the following six units, or their equivalent, which constitute the requirements for the FNSSS00014 Accounting Principles Skill Set:
- FNSACC311 Process financial transactions and extract interim reports
- FNSACC312 Administer subsidiary accounts and ledgers
- FNSACC408 Work effectively in the accounting and bookkeeping industry
- FNSACC416 Set up and operate a computerised accounting system
- FNSTPB401 Complete business activity and instalment activity statements
- FNSTPB402 Establish and maintain payroll systems
OR
- Completion of FNS40615 Certificate IV in Accounting or equivalent
OR
- Completion of FNS40215 Certificate IV in Bookkeeping or equivalent
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Past Work Experience
In addition to completion of the Certificate IV or equivalent skillset, you also need to have relevant work experience.
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Reading and Writing Skills
The Diploma of Accounting is an on-line correspondence course so you need to have average English reading and writing skills, or higher. As a guide - you should have completed Year 12 schooling, or have sound workplace written communication skills.
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Spoken English Skills
Some components of this course have practical components where students will be required to demonstrate verbal communication skills as part of their assessments. Average English skills are necessary to complete these components successfully.
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Numeracy Skills
Numeracy skills are required at an average level or higher eg completion of Year 12 maths and the ability to use a calculator and include understanding of fractions and percentages and knowing when and how to perform multistep calculations.
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Computer and Internet
- Access to a Desktop Computer or Laptop
- Internet access with Internet Explorer 8+, Chrome or Firefox
- Microsoft Office 2010 Word and Subject specific Office products for chosen electives (ie Excel, Powerpoint, Publisher)
- ability to access/ instal trial versions of accounting software for selected electives
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Other Requirements
- Ability to study and conduct assessments in a safe environment
- trial accounting software resets every 30 days so students must be able to complete those assessments within a more restricted timeframe
Career Possibilities
Key Policies
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Employing a trainee?
A traineeship is great way to develop the skills of your workforce.
Traineeships combine time at work with training, and can be full-time, part-time or school-based. Trainees must be an Australian Citizen or permanent resident visa holder. Each state determines what subsidised training is available for your trainees in that state.
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