FNS50222 – Diploma of Accounting

FNS50222 – Diploma of Accounting

 Classroom Based Training
 CRICOS Course Code: 113518H

Overview

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.

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 Outcomes

Career Opportunities

Here are some of the job outcomes you can expect after taking this qualification:

  • Assistant Accountant
  • Finance Sector Supervisor

Pathways

Students who complete this course may wish to continue their education into FNS60222 Advanced Diploma of Accounting or into a range of other Advanced Diploma level qualifications.

Further information on this qualification can be found by visiting www.training.gov.au (FNS50222 – Diploma of Accounting).

 Course Details

Entry Requirements

Australian Institute of Innovation & Technology has the following entry requirements:

International students must:

  • 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

or

  • FNS40222 Certificate IV in Accounting & Bookkeeping.
  • 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
  • Sucessful 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.

If students do not fulfill the requirements for the above English language competency, students may choose to enrol in English Language Intensive Courses for Overseas Students (ELICOS) classes (with any other ELICOS colleges)**. Students are required to provide the results of their ELICOS which are equivalent to IELTS 5.5 to pass the entry requirements for the enrolment.

**Note that the college does not deliver ELICOS.

Unit Outline

This qualification has 7 core units combined with 4 electives, you will be required to complete a total of 11 units.

  • 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)
  • FNSACC505 – Establish and maintain accounting information systems (Elective)
  • FNSFMK515 – Comply with financial services regulation and industry codes of practice (Elective)
  • FNSINC611 – Apply economic principles to work in the financial services industry (Elective)
  • FNSORG506 – Prepare financial forecasts and projections (Elective)

For additional information regarding the specific units listed please visit www.training.gov.au (FNS50222 – Diploma of Accounting).

Licensing/Regulatory Information

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.

LLN & Computer Literacy – Help!

At Australian Institute of Innovation and Technology we understand that not every person learns the same way or at the same pace. That’s why when you do this course with us, we will ensure that we identify and attend to any Language, Literacy or Numeracy short falls you may have. We will also look at your computer skills and literacy and ensure that you are at a level that is suited for the course, and if not, then we will dedicate additional time and effort to bring you up to speed. Before commencing any of our courses you are required to sit an LLN assessment and may be asked about your computer habits and required to complete some foundational computer skills. This is exercise will help us to identify any LLN or computer skill shortages you may have and make sure that we are able to help you to get up to speed.

Learning Support

Time for consultation with trainers/assessors may be allocated in the term timetable in order to allow students to revise their learning or understanding, perform any required tasks, practice their skills, reinforce their knowledge and prepare themselves for the assessments. All students have access to their trainer and coordinator via phone or email during business hours and there is a guarantee of a reply contract within 48 hours. AIIT has a course progress policy which dictates that all students must maintain satisfactory course progress throughout the course. There are intervention strategies in place for students to maintain their satisfactory course progress. Attendance is also monitored every week for each class.

 Credit Transfer

Credit transfer is a formal recognition of previous studies and can help to reduce the duration of your course, as well as fees. You may apply for a credit transfer for a complete unit or modules within a unit. There is no charge to apply for a credit transfer, but you need to let us know that you want to apply for this on your application for enrolment form in the relevant section. You will need to provide a certified copy of your certificate either issued by another education provider or an authenticated VET transcript issued by the USI Registrar.

 International Students

CRICOS DURATION: 52 weeks

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Select your Delivery Mode
Classroom Based Training
Classroom
Duration: 52 weeks
Location: Sydney

*Currently only available for International Students

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