FNS50215 Diploma of Accounting

FNS50215 Diploma of Accounting

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Qualification Description

This qualification reflects professional accounting job roles in financial services and other 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 guidance to others within defined guidelines.

Licensing/Regulatory InformationWork functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or 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. Persons seeking registration with the TPB should check current registration requirements with the Board.

Entry/ Admission Requirements
There are no entry requirements for this qualification according to the training package however, applicant will be required to successfully complete an ACSF language, literacy and numeracy (LLN) assessment.

Learning at Level 4, Reading at Level 4, writing at level 4, and Communication at Level 3 and Numeracy at Level 4.

Delivery Mode 

Classroom-Blended, Correspondent

Duration

We allow up to 12 months to complete this course, although your actual completion time may be less depending on prior experience and Education related to the Industry.

Assessment 

Assessment methods may include:

  • Knowledge Test
  • Skill Test
  • Project
  • Case Study
  • Role play
Pathways
Learners who successfully complete this qualification may pathway into further study options:
FNS60215 Advanced Diploma of Accounting

This course has been endorsed by the Australian National Training Authority and is registered on the Scope of Registration for Skill Solutions RTO number 22185.

This course is also accepted by the peak bodies in the finance industry and is also accepted by Australian Securities Investment Commission (ASIC) as the entry education requirement for Mortgage Brokers.

Individuals with disabilities are encouraged to apply
This training may be delivered with Victorian and Commonwealth government funding

Packaging Rules

  • Total number of units = 11
  • 6 core units plus
  • 5 elective units

The elective units must be relevant to the work outcome and meet local industry needs.

Core/Elec National Code Name Hour
Core FNSACC501 Provide financial and business performance information 60
FNSACC502 Prepare tax documentation for individuals 80
FNSACC503 Manage budgets and forecasts 40
FNSACC504 Prepare financial reports for corporate entities 70
FNSACC506 Implement and maintain internal control procedures 40
FNSACC507 Provide management accounting information 60
Elective BSBFIA401 Prepare financial reports 50
BSBITU402 Develop and use complex spreadsheets 50
FNSACC301 Process financial transactions and extract interim reports 60
FNSACC505 Establish and maintain accounting information systems 50
FNSACC601 Prepare and administer tax documentation for legal entities 80

*Note the following prerequisite unit requirements:

Unit in this qualification Prerequisite unit
FNSACC504 Prepare financial reports for corporate entities BSBFIA401 Prepare financial reports
FNSACC601 Prepare and administer tax documentation for legal entities FNSACC301 Process financial transactions and extract interim reports

** Units included in the Tax Practitioners Board approved course in Australian taxation law:

FNSSS00008 Taxation law for tax agents Skill Set (Tax documentation) – FNSACC502 and FNSACC601

*** Units included in the Tax Practitioners Board approved course in commercial law: FNSSS00005 Commercial law for tax agent Skill Set

Gov. Funded $1114
Non-Gov. Funded $4480
Concession  N/A
RPL $1500