FNS50215 – Diploma of Accounting

FNS50215 – Diploma of Accounting

  • FNS50215 – Diploma of Accounting

Course Overview

This Diploma will provide you with practical training in the many areas of the accounting discipline. It would be very useful for employees who currently need to perform accounting duties such as introducing and maintaining accounting systems, reporting on business performance, and preparing financial statements; but it is also designed for those who are seeking new careers in accounting.

Mode of Delivery

In each term at least one unit is taught face to face.
Trainer led – Blended training 75% Face-to- Face and 25% Online.

Face-to-face: Trainer led sessions in a classroom setting combined with in-class experiential activities

Online: Moodle based Assessment Tasks.

  

Delivery Location:

Level 2, 1-3 Fitzwilliam Street PARAMATTA NSW 2150

Level 3, 531 George Street, SYDNEY NSW 2000

Course Duration

52 Weeks.

Who Should Undertake This Qualification

Providing you with practical training in the specialised knowledge of the accounting discipline, this qualification would be valuable for employees who currently need to perform accounting duties such as introducing and maintaining accounting systems, reporting on business performance and preparing financial statements. It’s also designed to provide a comprehensive skill set those who are seeking a new career in the field of accounting.

Course Requirements

• Students must be over 18 years of age.
• A fully completed Australian AQF Level 4 qualification or High School Certificate qualification or equivalent; or overseas qualifications in Higher Education.
• Sufficient language, literacy and numeracy skills to complete the course,
• Students whose first language is not English, must provide proof of English language competency by providing one of the below:

  • A current IELTS score of 5.5 total or above with no band lower than 5.0;
  • Proof of completion of an Australian qualification in English language that is of one year or longer duration;
  • Successful completion of an approved English of Academic Purposes courses meeting IELTS 5.5 equivalent requirements;
  • Successful score of Upper Intermediate Level of completion of the School’s English Language Placement Test.

• Basic computer skills:

  • Knowledge of common computing terms and word processing
  • Proficiency with web browser software and sending/receiving e-mail including e-mail with attachment
  • Familiarity with navigating the Internet
  • Familiarity with using Microsoft Office

• Entry requirements will be checked at enrolment in line with the Southern Cross School of Business Student Selection and Enrolment Policy and Procedures.

Language, Literacy and Numeracy

Each student must complete the Language, Literacy and Numeracy (LLN) Indicator Tool. This LLN evaluation will assist Southern Cross School of Business in identifying each learner’s needs and appropriate support to be offered if and when required.

Unique Student Identifier

Each student must provide their USI (Unique Student Identifier) before they are to commence their studies. If you do not have a USI, you can create one at:

https://www.usi.gov.au/students/create-your-usi

Assessment Overview

Each unit comprises of assessment tasks such as written questions, case studies and practical assessments must be completed in full before being submitted for marking. Assessments for qualifications are competency based, which means students are assessed against the unit of competency (unit) requirements.

 

Assessment marking system:

 

  • Competent (C) result: the student’s submitted work satisfies the learning requirements and all competency standards for the unit (in accordance with the National Register www.training.gov.au).
  • Not Yet Competent (NYC) result: the student’s submitted work does not demonstrate their understanding of all competency standards in the unit. If a student receives a ‘Not Yet Competent’ outcome, he or she will receive written feedback from a trainer/assessor, clearly outlining where the gaps are. The student will then be required to rectify these gaps and re-submit their assessment for marking.

 

Once a student receives a satisfactory result for all required assessment tasks a competent (C) outcome will be awarded for the entire unit. The student must demonstrate their understanding of all competency standards in each unit before receiving a competent outcome.

 

Students have three (3) attempts to demonstrate competency, otherwise a unit re-enrolment fee applies (please see fee schedule contained in the Student Handbook).

Southern Cross School of Business will provide its students with access to a wide range of learning resources. Some of those resources have been developed in-house whereas some other resources have been purchased from reputable resource providers available in the market. The resources available to students are in the form of Power point slides on each unit, Learner’s Guide or Student Workbook, access to ‘Handout’ folders in the Student online portal, which will contain handouts under each of the unit’s assessment resources.  All students will be given the opportunity to obtain the soft copies of available resources, should they desire.

There are general use computers available at the campus. However, for ease of access, the School encourages students to bring their own laptop / media pads to the school for added convenience.

Learner Resources

Southern Cross School of Business will provide its students with access to a wide range of learning resources. Some of those resources have been developed in-house whereas some other resources have been purchased from reputable resource providers available in the market. The resources available to students are in the form of Power point slides on each unit, Learner’s Guide or Student Workbook, access to ‘Handout’ folders in the Student online portal, which will contain handouts under each of the unit’s assessment resources.  All students will be given the opportunity to obtain the soft copies of available resources, should they desire.

There are limited general use computers available at each of the campuses. However, the School requires students to bring their own laptop / media pads to the school to access online resources.

 

The program for FNS50215 – Diploma of Accounting is delivered over 52 weeks with actual student contact hours being 20 hours per week for 40 weeks

 

Unit Learning Content
FNSACC301
Process financial transactions and extract interim reports 
This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports.

It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained.

A variety of assessment tools are used such as case study, theoretical questions and a project.

BSBFIA401
Prepare financial reports
This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.

It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.

A variety of assessment tools are used such as case study, theoretical questions and a project.

 

FNSACC501
Provide financial and business performance information

This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information and encompasses assessing clients’ needs, analysing data and preparing advice.

A variety of assessment tools used such as case study, theoretical questions and a project.

FNSACC502
Prepare tax documentation for individuals
This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in accordance with statutory requirements, and encompasses gathering and verifying data, calculating taxable income and reviewing compliance requirements.

A variety of assessment tools are used such as a case study, some theoretical questions and a project.

FNSACC503
Manage budgets and forecasts
This unit describes the skills and knowledge required to prepare, document and manage budgets and forecasts, and encompasses forecasting estimates and monitoring budgeted outcomes.

A variety of assessment tools are used such as a case study, some theoretical questions and a project.

FNSACC504
Prepare financial reports for corporate entities
This unit describes the skills and knowledge required to prepare financial reports for a reporting entity and encompasses compiling and analysing data and meeting statutory reporting requirements.

It applies to individuals who use specialised knowledge and analytical skills to prepare financial reports that meet specific compliance requirements.

A variety of assessment tools are used such as a case study, some theoretical questions and a project.

FNSACC506
Implement and maintain internal control procedures
This unit describes the skills and knowledge required to review corporate governance requirements, implement operating procedures and monitor policy.

It applies to individuals who use specialised knowledge and analytical skills to ensure organisational policy, compliance and quality requirements are met.

Assessment tools used are a case study, theoretical questions and a project.

FNSACC507

Provide management accounting information

This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports and review costing systems integrity to calculate and record the costs of products and services.

It applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports.

Assessment tools used are a case study, theoretical questions and a project.

FNSINC601

Apply economic principles to work in the financial services industry

This unit describes the skills and knowledge required to apply broad principles of financial economics that underpin a range of tasks and functions in the financial services industry. It includes understanding how financial instruments are priced in markets, and techniques and processes government and organisations use to manage financial risk, demonstrating broad knowledge of economic theories and related decision making in a national and organisational economic context.

It applies to individuals who have an understanding of economics and how this impacts on work in the financial services industry. It also underpins other skills required for work in the financial services industry and may be applied in all sectors of the industry.

Assessment tools used are a case study, theoretical questions and a project.

BSBRSK501

Manage risk

This unit describes skills and knowledge required to manage risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting.

It applies to individuals who are working in positions of authority and are approved to implement change across the organisation, business unit, program or project area. They may or may not have responsibility for directly supervising others.

Assessment tools used are a case study, theoretical questions and a project.

BSBHRM405

Support the recruitment, selection and induction of staff

This unit describes the skills and knowledge required to execute tasks associated with the recruitment cycle and apply in-depth knowledge of the work of the organisation, and how recruitment and selection practices fit with other human resources functions.

Individuals will benefit who support recruitment, selection and induction functions under the direction of a human resource manager.

Assessment tools used are a case study, theoretical questions and a project.

Contact Us

Sydney City Campus:
Level 3, 531 George Street,
Sydney, NSW 2000
Tel: +61 2 8937 0506

Parramatta Campus:
Level 2, 1-3 Fitzwilliam Street,
Parramatta, NSW 2150
Tel: +61 2 9633 3287

Email: admin@scsb.nsw.edu.au
RTO ID: 41253
CRICOS Code: 03523D