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FNS50222 Diploma of Accounting

This qualification reflects 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, legislative, regulatory or certification considerations:
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to 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.

VET National CodeFNS50222
CRICOS Course Code112866G
Duration52 weeks including 12 weeks of Break/Holidays
Delivery ModeDiploma of Accounting is delivered face-to-face in classrooms with access to computers, printers, accounting software, and access to all the equipment and resources identified in each unit of competency. Self-Paced Learning: Students also complete independent self-paced learning each week, comprising of research, additional readings, assignments, projects, and preparing for assessments. All units are delivered as stand-alone units.
Tuition Fee$ 13,000
Enrolment Fee$ 200
Material Fee$ 300
Entry Requirements

Age Requirements: All international students must be at least 18 years of age or above and provide evidence the following published entry requirements as stated below:

Academic Requirements:

  • Prospective AABT international students are required to demonstrate their capacity to complete the course successfully.
  • International students applying for Certificate IV level either off-shore or on-shore will need satisfactory completion of the equivalent of Australian Year 12 or Certificate IV or higher qualification.

And
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.

English Language Requirements:
To enrol into this course with Australian Academy of Business & Technology, international students, applying either off-shore or on-shore, must satisfy one of the following requirements:

Either a minimum IELTS test score of 6 or equivalent for direct entry into a VET course;
or, IELTS score of 5.5 or equivalent with an ELICOS course (up to 10 weeks) to be taken before the main VET course;
or, IELTS score of 5.0 or equivalent with an ELICOS course (up to 20 weeks) to be taken before the main VET course.
Results more than two years old are not acceptable.

OR

Evidence that they have studied in English for at least five years in Australia, Canada, New Zealand, Republic of Ireland, South Africa, United Kingdom, or United States.

OR

Evidence that, within two years of their application date, they have successfully completed in Australia and in the English language, either the senior secondary certificate of education or a substantial component of a course leading to a qualification from Australian Qualifications Framework at the Certificate IV or higher level, while they held a student visa.
Please note that Blue Lotus College will also accept equivalent test results from the following specified English Language Tests: TOEFL iBT, PTE Academic, Cambridge English: Advanced (CAE), and TOEFL PBT.

*On 26 July 2023 the TOEFL internet-based test (TOEFL iBT) stopped offering English language tests for Australian visa purposes. A score for a TOEFL iBT test taken on or after 26 July 2023 will no longer satisfy the English language requirement for Student visa purposes. Only TOEFL iBT scores from a test taken on or before 25 July 2023 are accepted for Student visa purposes.

**From 12 February 2024, only results from the paper-based Cambridge C1 Advanced test (previously known as Cambridge English: Advanced CAE) will be accepted for Australian visa and migration purposes. Test scores for both C1 Advanced paper-based and computer-based tests, taken before 12 February 2024, within the specified validity period are still accepted.

Enrolment Interview:
All student will be interviewed by AABT which aims to identify their training needs through questions on previous education or training, relevance of the courses to student, basic computing skills. Interview will be organised upon receiving student application both from onshore and offshore. Interview also aims to identify possible RPL opportunities, confirm oral communication skills.

Through interview student will demonstrate that they have necessary skills to successfully complete the course.

Through the pre-training review, students will demonstrate that they have the necessary skills to successfully complete the course.

Language, Literacy, and Numeracy Test (LLN):
All students are required to undertake a language, literacy and numeracy (LLN) test to provide any additional support.

Candidate undertaking this course must possess sound Numeracy skills since it requires them to do calculations, make reports and graphs.

Digital Literacy Entry Requirements:

  • Students are required to provide their own Laptop and/or tablet that is compatible with Australian power voltage requirements to use in class
  • Students are required to have intermediate level computer skills to participate in the online component of this qualification

In addition, it is the policy of AABT that during initial engagement with the prospective student that the agent or our representative must interview the student to capture important information about the applicant and to personally inform them about their rights and obligations. Included in this interview is a discussion to identify any educational and support needs that will need to be addressed with services provided by Australian Academy of Business and Technology.

Career Opportunities

Students who complete this course will typically be able to perform professional accounting job roles in financial services and other industries e.g. as Tax agent if completed other law units required to meet TPB requirements, accounts payable team leader or payroll team leader etc.

However, no specific employment outcomes are linked to this qualification and AABT does not commit any misleading claim or job guarantee or advertise any employment outcome with this course. See licensing and registration information below for accounting professions.

AABT does not do any misleading claim or job guarantee or advertise any employment outcome with its courses.

Pathways
Students who successfully complete this course may further pursue Diploma level qualifications within the Financial Services Training Package.

Pathways from the qualification:

  • FNS60222 Advanced Diploma of Accounting
Course Structure To be awarded FNS40222 Certificate IV in Accounting and Bookkeeping, learners must be deemed competent in 13 units of competency, which includes: 10 Core Units and 3 Elective Units.

The units offered by AABT are listed below:
Core Units
BSBTEC402Design and produce complex spreadsheets
FNSACC521Provide financial and business information
FNSACC527Provide management accounting information
FNSACC526Implement and maintain internal control procedures
FNSACC524Prepare financial reports for corporate entities
FNSACC523Manage budgets and forecasts
FNSACC522Prepare tax documentation for individuals
Elective Units
BSBLDR413Lead effective workplace relationships
FNSACC505Establish and maintain accounting information systems
BSBWRT411Write complex documents
BSBWHS411Implement and monitor WHS policies,


Note: Fees may change during your course of study. AABT reserves the right to discontinue or alter any course date, tuition or service fee, location, timetable or staffing without prior notice. This will constitute a provider default and all tuition fees will be handled in accordance with AABT’s Refund Policy. Interest will not be credited to Student Fees or disbursements and therefore no interest will be recovered by students in the event of cancellation. Students must maintain valid Overseas Student Health Care insurance throughout their enrolment.
How To Apply

To find out the methods of application, visit How to apply page If you have a query about how to apply or entry requirements, contact admissions@aabt.edu.au

Diploma of Accounting is delivered under competency-based training which means instead of grading or marks, students are required to demonstrate all the criteria for each unit of competency and students are marked “Competent” or “Not yet competent”. Typical assessment methods will include written questions, case studies, role plays, and skills demonstrations. Read more about virtual classes for a diploma of leadership and management