FNS50217 – Diploma of Accounting
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.
Careers and titles vary across different industry sectors. Possible job titles relevant to this qualification include:
The course will use theory, case studies, practical demonstrations/role plays and mini-projects to enable you to develop the knowledge and practical skills you can apply in your workplace, including, how to:
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, PARRAMATTA NSW 2150
531 George Street, SYDNEY NSW 2000
The program for FNS50217 Diploma of Accounting is delivered over 52 weeks with actual student contact hours being 20 hours per week for 40 weeks. It has been divided in to 4 terms of 10 weeks each with 12 weeks of holidays.
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.
• 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:
• Basic computer skills:
• Entry requirements will be checked at enrolment in line with the Southern Cross School of Business Student Selection and Enrolment Policy and Procedures.
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.
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:
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:
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.
The program for FNS50217 Diploma of Accounting is delivered over 52 weeks with actual student contact hours being 20 hours per week for 40 weeks. It has been divided in to 4 terms of 10 weeks each with 12 weeks of holidays.
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The following units of competency are required for the completion of this course.
Total number of units = 11
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Core Units | Learning Content |
FNSACC511 Provide financial and business performance information |
In this unit students will gain skills and knowledge required to analyse and report on a broad range of financial and business performance information. It encompasses assessing client needs, analysing data, and preparing advice.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSACC512 Prepare tax documentation for individuals |
In this unit students will gain skills and knowledge required to prepare non-complex income tax returns for individuals in line with statutory requirements. It encompasses gathering and verifying data, calculating taxable income, and reviewing compliance requirements.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSACC513 Manage budgets and forecasts |
In this unit students will gain skills and knowledge required to prepare, document, and manage budgets and forecasts. It encompasses forecasting estimates and monitoring budgeted outcomes.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSACC514 Prepare financial reports for corporate entities* |
In this unit students will gain skills and knowledge required to prepare financial reports for a corporate reporting entity. It encompasses compiling and analysing data and meeting statutory reporting requirements.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities.
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FNSACC516 Implement and maintain internal control procedures |
In this unit students will gain skills and knowledge required to review corporate governance requirements, implement internal control operating procedures, and monitor associated policy.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSACC517 Provide management accounting information |
In this unit students will gain skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports, and review costing system integrity to calculate and record the costs of products and services.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
Elective Units | Learning Content |
FNSINC503 Identify situations requiring complex ethical decision making |
In this unit students will gain skills and knowledge required to identify situations requiring complex ethical decision making in a variety of industries and organisational settings.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions |
In this unit students will gain skills and knowledge required to apply ethical principles to decision making and to act in line with ethical principles.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSACC408 Work effectively in the accounting and bookkeeping industry |
In this unit students will gain skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSACC416 Set up and operate a computerised accounting system |
In this unit students will gain skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
FNSTPB401 Complete business activity and instalment activity statements |
In this unit students will gain skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports.
A variety of assessment tools are used including theoretical questions, projects and applied learning activities. |
For more information about this course, please visit https://training.gov.au/Training/Details/FNS50217