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FNS50217 Diploma of Accounting

Course Information

Qualification Name Diploma of Accounting
Qualification Code FNS50217
CRICOS Code 098611G
Course Duration in weeks (52) 40 Study Weeks plus 12 Weeks Holiday  
Tuition Fee $8400
 

Course Description

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.

 

Course outcomes

Employment opportunities may include:

  • Accounts payable team leader
  • Accounts receivable team leader
  • Collections supervisor
  • Payroll team leader/ Manager
 

Admission Criteria

Completion of 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.

NOTE: Direct Entry students Course Duration 72 Weeks  (54 Study Weeks plus 18 Weeks Holiday) plus FNSSS00014 Accounting Principles Skill Set (21 Study Weeks).

Student who have completed electives of diploma are eligible for credit exemption

Students must also meet IIBIT’s standards for English Proficiency. In order to demonstrate possession of adequate English language proficiency,Students must provide valid evidence of attainment of at least one of the following:

  • Academic IELTS (International English Language Testing System) overall band score: 5.5
  • TOEFL iBT (Test of English as a Foreign Language Internet-Based test) test score band: 46
  • PTE Academic (Pearson Test of English) test score band: 42
  • CAE (Cambridge English Advanced) test score band: 47
  • OET (Occupational English Test) test score band: Pass
  • TOEFL PBT (Test of English as a Foreign Language Paper-Based Test) test score band: 527
  • An overseas student who has studied in Australia for at least 12 months will be deemed to have required level of language proficiency provided the application is accompanied by proof that he/she has duly completed Certificate IV.
  • Overseas students who are unable to meet any of the above English language proficiency requirements may undertake further study on a NEAS-approved course of English for Academic Purposes designed to raise students English proficiency to an equivalent level to IELTS 5.5. Production of proof of successful completion of such a course will be accepted by IIBIT as meeting the English language proficiency admission requirement.
  • For students who do not have an IELTS Test score or equivalent test score, they can take an English Placement Test to assess whether their English level can meet the requirements of entry into the Diploma course.
 

Preferred Pathways:

After achieving this, qualification candidates may choose to undertake FNS60217 Advanced Diploma of Accounting

 

Teaching and Assessment Methods:

Teaching methods focus on classroom based face-to-face training, which includes lectures and practical tutorials. Classes are small in size and lecturers focus on individual student needs during the learning process.

The emphasis in assessment is on collection of evidence, holistic assessment against the unit of competency and trainer/assessor judgment. Importance is placed on the integration of areas of theoretical knowledge, practical skills and proper work attitudes.

 

Qualification Structure

11 competency units are required to attain FNS50217 Diploma of Accounting

6 Core units plus

5 Elective units

We aim to equip our graduates with the necessary skills and knowledge to enable them to successfully satisfy the demands of the workplace.

 
Unit Code Unit Name Core/Elective
BSBITU402 Develop and use complex spreadsheets Elective
FNSACC513 Manage budgets and forecasts Core
FNSACC517 Provide management accounting information Core
FNSACC511 Provide financial and business performance information Core
FNSACC516 Implement and maintain internal control procedures  (5 weeks) Core
FNSACC512 Prepare tax documentation for individuals Core
BSBFIA401 Prepare financial reports Elective
FNSACC514 Prepare financial reports for corporate entities Core
FNSINC601 Apply economic principles to work in the financial services industry Elective
FNSINC602 Interpret and use financial statistics and tools Elective
FNSACC601 Prepare and administer tax documentation for legal entities Elective
 

Sample Timetable

Time Monday Tuesday Wednesday Thursday Friday
Morning Session
08:30 am - 10:30 am Session 1 Session 1 Self Study
10:30 am - 10:45 am  Break  Break
10:45 am - 12:45 pm  Session 2  Session 2
12:45 pm - 01:15 pm Lunch Lunch
01:15 pm - 03:15 pm  Session 3  Session 3
03:15 pm - 03:30 pm  Break  Break
03:30 pm - 05:00 pm Session 4 Session 4
Evening Session
05:00 pm - 07:00 pm Session 1 Session 1 Session 1 Session 1  Self Study
07:00 pm - 07:15 pm  Break  Break  Break  Break
07:15 pm - 09:15 pm  Session 2  Session 2  Session 2  Session 2 (Finish 08:15 pm)  Self Study
 

Delivery Locations


Sydney

Gnd Floor, 841 George St,
Sydney, NSW 2000, Australia

Phone: +61 2 9269 0077

Adelaide

L6, 127 Rundle Mall,
Adelaide, SA 5000, Australia

Phone: +61 8 8203 9000