Diploma of Accounting

Home / VET Course / Diploma of Accounting

FNS50204	Diploma of Accounting
NTIS Code:	FNS50204
CRICOS Course Code:	055871J
Duration:	40 Weeks Tuition + 12 Weeks holiday = 52 weeks total
Qualification:	FNS50204 Diploma of Accounting
Training Package:	Financial Services FNS04
Vocational Area:	Accounting and financial services
Study Type:	Full Time (20 Hours per Week)

Block	ANC Subject Code	Subject Name	Code Numbers of Units of Competency	Code Names of Units of Competency
1	ANCACC01	Principles of Financial Services	FNSICIND401B	Apply principles of professional practice to work in the financial services industry (Industry Core Unit)
1	ANCACC01	Principles of Financial Services	FNSICACC304B	Prepare and bank receipts (Prerequisite Unit)
2	ANCACC02	Workplace Communication and Safety	FNSICGEN301B	Communicate in the workplace (Industry Core Unit)
2	ANCACC02	Workplace Communication and Safety	FNSICGEN302B	Use technology in the workplace (Industry Core Unit)
2	ANCACC02	Workplace Communication and Safety	FNSICGEN304B	Apply health and safety practices in the workplace (Industry Core Unit)
3	ANCACC03	Accounting Fundamentals	FNSICACC306B	Process journal entries (Prerequisite Unit)
3	ANCACC03	Accounting Fundamentals	BSBADM408A	Prepare financial reports (Prerequisite Unit)
3	ANCACC03	Accounting Fundamentals	BSBCMN308A	Maintain financial records (Prerequisite Unit)
4	ANCACC04	Computerized Accounting	FNSACCT407B	Set up and operate a computerised accounting system (Prerequisite Unit)
5	ANCACC05	Principles of Income Tax	FNSACCT502B	Prepare income tax returns (Sectoral Core Unit)
6	ANCACC06	Financial Reporting	FNSACCT507B	Provide management accounting information (Sectoral Core Unit)
6	ANCACC06	Financial Reporting	FNSACCT504B	Prepare financial reports for a reporting entity(Sectoral Core Unit)
7	ANCACC07	Accounting Information Systems	FNSACCT505B	Establish and maintain accounting information systems (Elective)
7	ANCACC07	Accounting Information Systems	FNSACCT506B	Implement and maintain internal control procedures (Sectoral Core Unit)
8	ANCACC08	Business Performance	FNSACCT501B	Provide financial and business performance information (Elective)
8	ANCACC08	Business Performance	FNSACCT503B	Manage budgets and forecasts (Sectoral Core Unit)
8	ANCACC08	Business Performance	FNSACCT607B	Evaluate business performance (Elective)

Course Description

Accounting is the study of how to record, analyse, interpret on report on the financial health of small to large organisations. All business organisations small or large, require professional accountants to perform accounting functions and deliver efficient results within the organisation. Through an excellent combination of conventional theory learning and practical industry experience, this course is specifically designed to help students gain the necessaryskills required to pursue a career in today’s fast moving corporate business environment. Successful completion of the Diploma of Accounting allows access to the Advanced Diploma of Accounting, Bachelor of Accounting and further to a CPA and CA. This qualification is designed to assist employees to perform duties such as: introducing and maintaining accounting systems, maintaining internal control systems, preparing financial statements for a reporting entity, preparing tax returns, reporting on business performance, managing small teams, developing business plans and preparing management accounting reports.

Entry Requirements

In order to gain entry into this course, the potential student must:
● Be 18 years of age or over
● Have satisfactorily completed year the Australian 12 (or equivalent), and
● Have an IELTS band score of 5.5 or TOEFL 500 or equivalent

Course Delivery

The course is delivered over 52 weeks per year. It includes 40 weeks of tuition and 12 weeks of term break. 40 weeks include 8 blocks, each with teaching period of 5 weeks. Students have face-to-face tuition of a minimum of 20 hours per week (not self paced or part time).

The medium of instruction at Australian Nationwide College (ANC) is English. Delivery of this qualification combines face-to-face trainer led theory classes, practical sessions involving small groups, individual and team activities, practical demonstration, and role play.

Assessments

The theoretical components of each unit of competency are class room based, face-to-face trainer led whilst the practical components are delivered through observation and practical demonstration. Each unit of competency involves assessment tasks conducted in a range of contexts. Such assessment tasks include case studies at critical incident, practical demonstration, individual project, report writing, portfolio of evidence, closed book exams, role play, oral presentation.

Career Prospects / Vocational Outcomes

The Diploma of Accounting is designed for students with little accounting knowledge, people returning to the workforce and seeking a formal qualification, people who want to extend their career path options and people currently in the workforce who want to upgrade their skills or have existing skills recognized. Students successfully finishing the Diploma of Accounting can seek employment as an assistant accountants, office managers, administration managers, accountants, budget officers, accounts receivable officers, accounts payable officers, tax clerks, audit clerks, MYOB officers, and financial controllers.

Target Group

This qualification is designed to reflect the role of employees working in accounting who perform duties such as:

- Introducing and maintaining accounting systems
- Maintaining internal control systems
- Preparing financial statements for a reporting entity
- Preparing tax returns
- Reporting on business performance
- Managing small teams
- Developing business plans
- Preparing management accounting reports

Registration Status

Upon successful completion of your course you will receive a nationally recognized Diploma of Accounting (FNS50204).

www.ntis.gov.au

ANC is also a financial member of the Australian Council for Private Education and Training (ACPET) which protects students.

www.acpet.nsw.edu.au

Learning Pathway

Successful completion of the Diploma of Accounting may render the student eligible for exemption in an appropriate undergraduate University Course or they may enter into the Advanced Diploma of Accounting or Bachelor of Accounting.

Recognition of Prior Learning & Recognition of Current Competency

RPL is the assessment process for recognizing competencies gained through previous learning, work and life experiences.

Students need to apply for Recognition of Prior Learning (RPL)/ Recognition of Current Competency (RCC) before their enrollment. In order to be granted for RPL, students will need to provide evidence that they are already competent in this/these specific unit or units and these evidences must be valid, authentic, current and sufficient.