FNS50222 Diploma of Accounting

This qualification reflects professional 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/Regulatory Information 

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide 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, 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.

This qualification provides participants with the skills to obtain occupational positions such as:

  • Accounts team leader
  • Payroll team leader
  • Assistant accountant

 

Course code FNS50222
Start date View Intake Dates
Delivery mode Blended delivery: Face to face training, Virtual Classroom ( Zoom)
Duration Domestic: 52 weeks
International: 52 weeks (All the courses for International students are run over 2.5 days for a minimum of 20 hours per week) 

 

** Please note: Duration in weeks may vary depending upon the amount of contact days per week. Duration may vary depending on the cohort and industry requirements
Nationally Recognised Training

Entry Requirements

RTO requirements

Training and assessments are conducted in English. Applicants must possess sound written and oral English skills. You will be required to complete a Pre-training and Language Literacy and Numeracy Assessment. For inquiries regarding additional requirements, international and domestic students are encouraged to reach out to us either by phone at 13 13 89 or +61 3 9450 0500, or by visiting contact page.

 

Training Package

Prior to commencing this qualification an individual must have completed the following units of competency (or 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 the following (or their equivalent):

FNSSS00014 Accounting Principles Skill Set

or

FNS40222 Certificate IV in Accounting and Bookkeeping.

Get Funding

Visit our funding and fees page for more information.

Pathways

Pathways from the qualification

While ETEA may not offer all the qualifications indicated within the pathway, the organization advises relevant progression that may be attained such as:

  • FNS60222 – Advanced Diploma of Accounting
  • Bachelor of Accounting

Employment or occupational pathway

Job roles related to this qualification include:

  • Accounts team leader
  • Payroll team leader
  • Assistant accountant

Assessment Methods

ETEA utilises a range of assessment methods to assess student skills and competencies. These are as outlined below:

  • Question and answer/written assessment tasks
  • Role play/practical demonstration and observation of skills (as applicable)
  • Practical demonstration and observation of skills in a simulated environment (as applicable)

Assessment will be either a Recognition of Prior Learning pathway or a Training and Assessment pathway. For a Training and Assessment pathway, participants are advised of the assessment requirements at the start of each training session. Students not achieving competency in any of the assessments will be required to undertake another assessment under the terms and conditions of ETEA’s reassessment policy.

RPL/Credit Transfer

You can apply for recognition of prior learning, academic credit and work experience towards this qualification. During the course of your life you will develop a wide range of skills and knowledge. Through work, volunteer roles, family commitments and various tasks undertaken in everyday life, you are building up a bank of knowledge. The evidence of these skills and knowledge accumulated can be used to help you gain a qualification.

Click below for further details:

Recognition of Prior Learning (RPL)

Credit Transfer

Course Intake Dates

Please note: dates are subject to change due to holidays and availability.

If the dates provided do not suit, please contact us at 13 13 89 or +61 3 9450 0500 via phone, or through our contact page, as we will accommodate dates to suit student’s needs.

Intake Dates For 2024
  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
International Students  8th 15th 15th 7th
Domestic Students Please Call us on 131389 or +61 03 94500500 for the intake Dates

Units of Study

To be awarded this qualification, competency must be demonstrated in 11 units,

consisting of 7 core and 4 elective units.

(NB: Elective units may vary by state and are subject to change to meet client and industry requirements)

 

Unit Code Unit Name
Core
BSBTEC402 Design and produce complex 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
Electives
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
FNSPAY511  Process salary packaging arrangements and additional allowances in payroll

 

** Please note: electives may vary by state and are subject to change to meet client and industry requirements.