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FNS50215 - DIPLOMA OF ACCOUNTING
National Course Code FNS50215
CRICOS Course Code 088365K
The Diploma of Accounting has designed specifically for those starting out in the accounting industry. It provides a sound foundation of practical content and will assist students to obtain work in entry level positions.
Accounting knowledge and skills can be used in a variety of positions and situations. From personal book-keeping systems, to learning how to work in the pay-roll department, this course will teach you how to track, monitor and record all the relevant numbers in your life and report on business performance.
The course covers critical skills including financial reporting, budgeting management accounting, financial performance, internal controls and taxation.
For further studies, diploma graduates can enter the Second Year of a university bachelor course in accounting, business, economics or management at a number of Australian universities and higher education institutes.
The course comprises of 6 core units of competency and 5 electives.
For a full-time study of 20 contact hours per week, it will take 9 calendar months to complete the course. On top of this 20 hours, you will have to invest between 10 to 15 hours per week of self-study. Please see below for details of the total learning volume hours of the course.
Pathways from the Qualification
Pathways: Diploma graduates can articulate to advanced diploma or university degree programs.
Employment Outcomes
- Financial services manager (where a varied skillset is required)
- Bookkeeper and accountant
- Tax agent
- Accounting team supervisor
- Assistant to CFO
Units of competency
Core Units
- 1. FNSACC501 - Provide financial and business preformance information
- 2. FNSACC502 - Prepare tax documentation for individuals
- 3. FNSACC503 - Manage budgets and forecasts
- 4. FNSACC504 - Prepare financial reports for corporate entities
- 5. FNSACC506 - Implement and maintain internal control procedures
- 6. FNSACC507 - Provide management accounting information
Elective Units
- 7. BSBFIA401 - Prepare financial reports
- 8. FNSACC402 - Prepare operational budgets
- 9. BSBMGT605 - Provide leadership across the organisation
- 10. FNSACC505 - Establish and maintain accounting information systems
- 11. FNSACC301 - Process financial transactions and extract interim reports
International
Location
Sydney City Campus
Entry requirements
You should satisfy both academic and English requirements.
Academic: You should have basic accounting skills through previous studies or work experience.
Previous studies:
- Certificate III or IV in Accounting or Bookkeeping or
- Any AQF Certificate IV with units of competency relating to basic Accounting skills or
- Any qualification at Diploma level or above or
Work experience: Completed Year 12 with at least 2-year work experience in an office environment.
English Language Proficiency: Students are required to have an English proficiency level of at least 5.5 IELTS score or equivalent.
Timetable
Subject to demand, you can choose morning, afternoon, or evening class during week days or weekend.
Delivery Methods
This is a full-time course which includes classroom learning activities. The delivery includes lecturing, practical sessions, self-directed learning and simulated work-based tasks.
Credit transfer
You can reduce your study time through credit transfer, a process to recognize your previous study.
Recognition of Prior Learning (RPL)
You can reduce your study time through RPL, a process to recognize the learning outcomes you have achieved through formal, informal and/or unformal learning (Work experience).
HOW TO ENROL
For details about how to enrol, and starting dates, see International Students
Domestic
Location
Sydney City Campus
Entry requirements
You should satisfy both academic and English requirements.
Academic: You should have basic accounting skills through previous studies or work experience.
Previous studies:
- Certificate III or IV in Accounting or Bookkeeping or
- Any AQF Certificate IV with units of competency relating to basic Accounting skills or
- Any qualification at Diploma level or above or
Work experience: Completed Year 12 with at least 2-year work experience in an office environment.
English Language Proficiency: Students are required to have an English proficiency level of at least 5.5 IELTS score or equivalent.
Timetable
Subject to demand, you can choose morning, afternoon, or evening class during week days or weekend.
Delivery Methods
This is a full-time course which includes classroom learning activities. The delivery includes lecturing, practical sessions, self-directed learning and simulated work-based tasks.
CREDIT TRANSFER
You can reduce your study time through credit transfer, a process to recognize your previous study.
RECOGNITION OF PRIOR LEARNING (RPL)
You can reduce your study time through RPL, a process to recognize the learning outcomes you have achieved through formal, informal and/or unformal learning (Work experience).
Government subsidies
Residents of NSW who meet the requirements, may be able to get government subsidies for studying this course. See Domestic Courses, for a list of courses which are able to access Smart and Skilled funding.
total volume of learning
You are expected to spend between 30 to 35 hours per week studying for your course. Here is how the recommended hours are worked out.
TRAINING
- You will attend classes for 14 hours (2 days or 4 nights) per week.
- You will complete course work for 6 hours per week outside of class time. This is your structured self-study in which you follow a program planned and supported by your trainer. We monitor your completion of the course work.
This makes up a total of 20 contact hours per week.
SELF-STUDY
On top of the weekly training contact hours, you are expected to invest up to 15 hours per week on self-study such as
- preparing your lesson before classes,
- reviewing and consolidating your lesson after classes,
- reading references,
- doing research, etc.
This is recommended to make sure you understand your subjects more deeply and are ready for assessment.
ASSESSMENT
Every unit has assessment tasks. You may have to spend up to 20 hours per unit of competency, depending on the number of tasks and its level of difficulty. For example, you complete knowledge questions, assignments and practical demonstrations of skills.