About This Course
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.
Seven (7) core units and four (4) elective units are required for the award of the FNS50222 Diploma of Accounting. Units have been selected in accordance with the packaging rules and are relevant to the work outcome, local industry requirements and qualification level.
The latest release of the qualification and packaging rules can be found at the following link:
|BSBTEC402||Design and produce complex spreadsheets||Core|
|FNSACC521||Provide financial and business performance information||Core|
|FNSACC522||Prepare tax documentation for individuals||Core|
|FNSACC523||Manage budgets and forecasts||Core|
|FNSACC524||Prepare financial reports for corporate entities||Core|
|FNSACC526||Implement and maintain internal control procedures||Core|
|FNSACC527||Provide management accounting information||Core|
|BSBLDR413||Lead effective workplace relationships||Elective|
|FNSINC513||Identify and apply complex ethical decision making to workplace situations||Elective|
|FNSACC505||Establish and maintain accounting information systems||Elective|
Australian Training School trading as Southern Academy of Business and Technology
RTO Code: 31595
CRICOS Provider Code: 03602E
The Training Package requires that students must have completed the following units or their equivalent:
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
- FNS40222 Certificate IV in Accounting and Bookkeeping
Southern Academy of Business and Technology has the following entry requirements:
International students must:
- Be at least 18 years** of age and have completed the equivalent of Year 12.
- Participate in a course entry interview to determine suitability for the course and student needs.
- Have an IELTS* score of 5.5 (test results must be no more than 2 years old). English language competence can also be demonstrated through documented evidence of any of the following:
- Educated for 5 years in an English-speaking country; or
- Completed at least 6 months of a Certificate IV level course in an Australian RTO; or
- Successful completion of an English Placement Test
*Note that other English language tests such as PTE and TOEFL can be accepted. Students are required to provide their results so that it can be confirmed they are equivalent to IELTS 5.5.
**Southern Academy of Business and Technology may admit an international student who will be under the age of 18 years when they commence their course and who intends to study on a student visa, where the student:
- Meets other admission requirements;
- Is of at least 17 years of age; and
- Will live in Australia until they turn 18 either:
- With their parent or legal custodian;
- With a suitable relative whom the parent or legal custodian nominates; or
- Under an accommodation and welfare arrangement, the college approves.
Southern Academy of Business and Technology will only approve accommodation and welfare arrangements that comply with the requirements for protecting the personal safety and social well-being of students specified in Standard 5 of the National Code of Practice for Registration Authorities and Providers of Education and Training to Overseas Students 2018.
This qualification will be delivered over 52 weeks, including 40 weeks of training and assessment spread over 4 terms of 10 weeks each and 12 weeks of holidays.
This program is delivered in the classroom and through structured self-study.
Delivery site includes:
Sydney Campus: 95 Bathurst Street, Sydney, NSW 2000
Adelaide Campus: 97 Pirie St, Adelaide, SA 5000
Target groups for the FNS50222 Diploma of Accounting are international students who are:
- Seeking to pursue a career in accounting.
- Seeking to enter a new industry sector.
- Seeking a pathway to higher-level qualifications.
Characteristics of the target group are as follows:
Students will be from a range of countries and may be living in Australia for the first time or may have been here in the recent or more distant past.
Many will speak English as a second language, although an entry level has been set to ensure students are able to complete course work.
Students are expected to typically fall into the age range of 18 – 35 as people still establishing or changing careers.
Students will have existing study/work experience due to the entry requirements. However, credit and/or RPL can be provided for those with existing skills and knowledge allowing such students to complete the course in a shorter timeframe.
Students who complete this course may be able to seek employment as:
- Registered tax agent
- Budget analyst
- Financial analyst
- Accounting manager
- Financial controller
- Forensic accountant
- Management accountant
- Financial accountant
Potential employment options are entry level accounting roles across a range of industries.
Students who complete this course may wish to continue their education into FNS60222 Advanced Diploma of Accounting or into a range of other Diploma level qualifications.
Note that for international student’s satisfactory course progress is required in order to meet visa requirements. More information can be found in the International Student Handbook that also includes information on the specific support that is available to international students. Students who are identified as being at risk of not meeting course progress requirements will be provided with additional support as recorded in an intervention strategy.
Upon acceptance of a student’s application for enrolment, a letter of offer, as well as a written agreement and tax invoice for remaining fees, will be forwarded to students. Students must read through all provided information as it will provide all necessary information about the course of study. A Confirmation of Enrolment (CoE) letter will be issued once the signed acceptance of the offer and written agreement are received. The first day of each course will include orientation and induction. Orientation will include information about the campus, living in Australia, accessing our support services and methods for achieving success throughout the course, including course progress requirements.
This course outline should be read in conjunction with Southern Academy of Business and Technology Student Handbook.
Southern Academy of Business and Technology provides learning and welfare support to ensure a supported and successful learning environment for all students. Support arrangements are detailed in the Student Support Policy and Associated Procedures and details of all student support services are included in the Student Handbook and provided to students at orientation. Students’ course progress is monitored throughout the course as per our Course Progress and Attendance Policy and Associated Procedures.
The following facilities, equipment and resources will be used to deliver and assess this qualification:
- Training rooms, including desks, chairs, whiteboard, and overhead projector
- Computers with Microsoft Office and access to the Internet.
- Integrated financial software system (Xero).
- Learning and assessment materials as outlined in this TAS.
In addition, all students who are undertaking the FNS50222 Diploma of Accounting must have the following resources while in class.
- A laptop that is installed with Microsoft Office or similar.
Assessment will occur through a variety of methods, including projects incorporating role-plays, case studies, observations, and short answer questions.
Assessment conditions will ensure a simulated workplace environment for classroom-based assessment.
- Reflect real life work tasks.
- Are required to be performed within industry standard timeframes as specified by assessors in relation to each task.
- Are assessed using assessment criteria that relate to the quality of work expected by the industry.
- Are performed to industry safety requirements as relevant.
- Utilise authentic workplace documentation.
- Require students to work with others as part of a team.
- Require students to plan and prioritise competing work tasks.
- Involve the use of standard, workplace equipment such as computers and software.
- Ensure that students are required to consider workplace constraints such as time and budgets.
Students may apply for recognition of existing qualifications or skills, knowledge, and experience (credit transfer or recognition of prior learning). The granting of course credit may affect course fees, as well as the duration of the course.
This process is outlined in Southern Academy of Business and Technology Student Enrolment and Completion Policy and Associated Procedures and Training and Assessment Policy & Associated Procedures.
To enroll intothis course an enrolment form must be completed. which can be emailed or posted to students or downloaded from our website. The enrolment form should be completed and then sent to us along with all of the required documentation. For more information about our selection and enrolment processes, contact us at the details provided.
Diploma of Accounting