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 analyze 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.
This course is nationally recognised under the Australian Qualifications Framework (AQF).
Formal entry requirements have been re-introduced for this newly revised qualification. Those entry requirements include 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;
Completion of FNS40615 Certificate IV in Accounting or equivalent;
Completion of FNS40215 Certificate IV in Bookkeeping or equivalent.
ACSE also sets a number of its own entry requirements.
Clients must demonstrate Language, Literacy and Numeracy skills in line with AQF qualification level demands and ACSF skill level. Each client will undergo an LLN assessment during the application process.
Learning (ACSF Level 4), reading (ACSF Level 4), writing (ACSF Level 4), oral communication (ACSF Level 3) and numeracy (ACSF Level 4) are desirable to participate in the course. ACSE administers an LLN test based on the desirable ACSF levels.
Training Package Requirements: BSBFIA401 Prepare financial reports must be completed prior to commencing FNSACC514 Prepare financial reports for corporate entities.
Clients must also have access to:
- A PC or equivalent capable of processing and operating MYOB
- Internet connection
- A copy of MYOB and MS Office with MS Excel
- Online learning – Self Paced: As the course is online and self-paced, completion rates may vary depending on a clients commitment to study per week and/or previous or current skill level and experience. In general, however, learners will be given 12 months to complete the program and should aim to complete one unit per month.
An extension of a further 12 months can be granted if extenuating circumstances permit and/or at the discretion of the RTO Manager.
Recommended hrs of study is 15 to 18 hrs per week. Where the learner cohort consists of new entrants or inexperienced workers, they may require a longer time-frame of 20 hrs or more per week.
- RPL: As RPL is an evidence-based approach, the timeline for completion is completely at the discretion of the candidate. Once you have decided on this assessment pathway and have received your RPL kit and information and had an initial interview with a trainer/assessor, the timeline is controlled by you. The sooner you gather evidence to meet the assessment criteria and/or complete any identified gap training, the sooner a qualification outcome can be determined and qualification issued.
You will be provided access to learning materials including:
- Learners Guides
- Assessment Workbooks
- Case Studies
- Simulated Work Environment
- Other resources including videos and reference material
- Additional assessment resources
To successfully complete the course, you will be required to submit a range of formative and summative assessment items at pre-determined intervals where possible. These include:
- Underpinning Knowledge reading and written responses
- Case study reading and written responses
- Journal and Ledger entry workbooks
- Practical projects
- Demonstration or observation (via video submission or digital media, mainly for RPL applicants)
- Presentation (via video submission as an alternative assessment mechanism)
Assessment is used to provide candidates with feedback on their progress and to measure their skills and knowledge against the training qualification requirements.
Assessment timelines will be provided on enrolment as part of your enrolment information package.
Candidates successfully completing all units of the program, will receive a Diploma for the nationally recognised qualification FNS50217 Diploma of Accounting.
Candidates who partially complete the course will receive a Statement of Attainment toward FNS50217 Diploma of Accounting, only for the units of competency that they have completed.
Typically, graduates with FNS50217 Diploma of Accounting will be able to apply for the following roles:
- Senior Accountant
- Public Accountant
- Corporate Accountant
- Certified Public Accountant
- Financial Auditor
- Accounting Manager
- Accounts Supervisor
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.
Program taught in: