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

  • Financial Statements

    Upon completion of this very practical module, you will be able to prepare profit and loss statements and balance sheets in line with reporting obligations and regulations. You will be given step by step guidance on how to record end of period of adjustments, apply depreciation, close journal entries and produce trial balances.

    • Unit(s):
    • BSBFIA401 Prepare financial reports
    • FNSACC414 Prepare financial statements for non-reporting entities
  • 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
  • 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
  • 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
  • Financial Accounting

    This Prepare Tax Returns subject 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):
    • FNSACC511 Provide financial and business performance information
  • 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
  • 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
  • Spreadsheets - Advanced (E)

    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
  • Accounting Business Operations (E)

    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
    • BSBSMB412 Introduce cloud computing into business operations
  • Team Effectiveness (E)

    Teams need sound leadership to prosper. This important subject breaks down the art of leading effective teams into the key elements of inspiring trust, effective communication, setting targets and building relationships. Special attention is given to teaching leaders how to successfully manage both individual and team conflict and improve team performance.

    • Unit(s):
    • BSBLDR402 Lead effective workplace relationships
    • BSBLDR403 Lead team effectiveness

Course Fees

Quality Education at a Fair Price

$

2,530

* - $

6,600



Course Duration

18 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

  • 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
  • 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.
  • 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.
  • 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.
  • 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
  • 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

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with no more to pay!

This quote includes all online learning resources. There are no hidden costs and we also offer an interest free weekly, fortnightly or monthly direct debit Payment Plan. Select your Payment Plan choices at enrolment.

Registered trainees use the Traineeships fee checker below.

Your total course fees are

$Price

with no more to pay!

This quote includes all online learning resources. There are no hidden costs and we also offer an interest free weekly, fortnightly or monthly direct debit Payment Plan. Select your Payment Plan choices at enrolment.

Registered trainees use the Traineeships fee checker below.

Your total course fees are

$Price

with no more to pay!

This quote includes all online learning resources. There are no hidden costs and we also offer an interest free weekly, fortnightly or monthly direct debit Payment Plan. Select your Payment Plan choices at enrolment.

Registered trainees use the Traineeships fee checker below.

Your total course fees are

$Price

with no more to pay!

This quote includes all online learning resources. There are no hidden costs and we also offer an interest free weekly, fortnightly or monthly direct debit Payment Plan. Select your Payment Plan choices at enrolment.

Registered trainees use the Traineeships fee checker below.

Your total course fees are

$Price

with no more to pay!

This quote includes all online learning resources. There are no hidden costs and we also offer an interest free weekly, fortnightly or monthly direct debit Payment Plan. Select your Payment Plan choices at enrolment.

Registered trainees use the Traineeships fee checker below.

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