NSW Government Funded FNS60222 Advanced Diploma of Accounting

Education Prerequisites
Prior to commencing this qualification, an you must have completed the following qualifications.

• FNS50222 Diploma of Accounting or
• FNS50217 Diploma of Accounting or equivalent, provided the listed elective unit BSBTEC402 Design and produce complex spreadsheets* (or equivalent).

* If you have not completed BSBTEC402, we can still enrol you into the course however, you must complete this unit before starting your advanced diploma units.

Funding Eligibility
Training in priority qualifications is funded by the NSW government. To be eligible for this (TPFQ) course, you must

(a) live or work in NSW; or
(b) be an Aboriginal or Torres Strait Islander student who does not live or work in NSW but lives in specified defined interstate NSW border areas; and
(c) be:

• Australian citizen or Australian permanent resident, or a New Zealand citizen or a humanitarian visa holder (or a partner visa holder whose sponsor is a humanitarian holder); and
• aged 15 years or older; and
• no longer in secondary education except for registered home school.

FNS60222 Advanced Diploma of Accounting is assessed under the Principles of Competency-based training, students have to demonstrate their ability to do all activities in each Unit of Competency.

If you have completed the entry requirements, FNS50222 Diploma of Accounting (or equivalent), you may only have to complete 8 units.

• FNSACC634 Monitor corporate governance activities
• FNSINC611 Apply economic principles to work in the financial services industry
• FNSINC612 Interpret and use financial statistics and tools
• FNSACC613 Prepare and analyse management accounting information
• FNSACC601 Prepare and administer tax documentation for legal entities
• FNSTPB504 Apply legal principles in corporations and trusts law
• FNSTPB505 Apply legal principles in property law
• FNSTPB503 Apply legal principles in contract and consumer law

• FNSACC521 Provide financial and business performance information*
• FNSACC522 Prepare tax documentation for individuals*
• FNSACC523 Manage budgets and forecasts*
• FNSACC524 Prepare financial reports for corporate entities*
• FNSACC526 Implement and maintain internal control procedures*
• FNSACC527 Provide management accounting information*

*Core units of FNS50222 Diploma of Accounting

You will have 12 months to complete the course.

There is no minimum time frame, depending on familiarity with accounting concepts students may be able to complete their course sooner than the maximum time frame allowed.

The nominal study and assessment time is 1,800 hours. However, this is a guide only. As an online course, the time it will take to complete is flexible and dependent on your ability, knowledge and time available. It is important that you choose a pace that suits your needs.

We understand that students study in different ways and we provide extensive learning material and resources to support you on your learning journey, including:

• Course training manuals for each unit of competency
• Summary Notes
• Presentations
• Learning Activities
• Free Learning Bundle
• Tax Summary Guide (available with your IFPA Student Membership)

Pre-course

Before starting this course, you may be required to complete a Language, Literacy, Numeracy and Digital (LLND) skills assessment to ensure we can support you before your studies commence.

Introductory Requirements & Units

The Introductory Requirements include an Oral Communication Skills Assessment and a Work Health and Safety Assessment.

The Unit assessments and examinations are completed using a variety of methods and are submitted via our online student portal. They are open book, from either your home, office or classroom, and include multiple choice quizzes, short answer, calculations and exams.

Accounting unit assessments use MYOB Student version or Xero (both are supplied). For accounting software assessments simply upload copies of reports as PDFs from within your accounting package.

Exams

Some units include an exam component, which needs to be independently supervised. Exams are three-hour, open-book assessments comprising of short answer and multiple choice questions, very similar in format to the unit assessments.

Exams must be completed within your course duration period. Prior to your exam, you will need to complete and return the Supervisor Nomination Form to Applied Education detailing your supervisor's information, contact details and the elected date of your assessment.

Exams can be undertaken at any location and time of your choosing, with the only condition being that you have a nominated, independent supervisor present. Your supervisor can be a person of responsibility such as a registered tax agent, member of an accounting professional body, public servant, doctor, nurse, police officer, director etc. who does not have a close personal or professional relationship with you.

If you cannot arrange a supervisor then we offer the following options for conducting your supervised assessment:

Online - Online supervised exam with one of our staff members
Perth Training Centre - Level 1, 524 Hay St, Perth WA 6000
Melbourne Training Centre - Level 10, 440 Collins Street, Melbourne VIC 3000
Sydney Training Centre - Level 14, 275 Alfred St, North Sydney NSW 2060
Brisbane Training Centre - Level 1, 241 Adelaide St, Brisbane QLD 4000
Adelaide Training Centre - Level 2, 70 Hindmarsh Sq, Adelaide SA 5000

If you require supervision of an assessment by Applied Education, additional costs may apply. Refer to Student Handbook.

To complete all units in this course, you will need: 

• A reliable internet connection as all data files and learning activities are available via our student platform. 
• Microsoft Word and Excel, or similar, are recommended.

Course Fees

The courses fees are determined by the NSW Government depending on the individual's circumstances and eligibility and on the number of credit transfers you are entitled to.

To view the maximum amount you may have to pay:

• Click on this link skills.education.nsw.gov.au
• Add your suburb or postcode to Location.
• Click on Calculate your fee button and complete the Am I eligible? pop-up form.

However this will not include credit transfers which will reduce the fees.

In order to receive a confirmation of registration form with units of study and tuition fees. Fill out the Declaration Eligibility here and a course advisor will be in contact with you.

Payment Plans

We understand not everyone has the financial resources upfront to invest in training, so we offer payment plans and cluster plans on a case-by-case basis to get you moving faster towards your future. Please contact us to discuss payment options.

Credit Transfer

As there are education entry requirements for this course, a credit transfer is completed prior to enrolment.

Recognised Prior Learning (RPL)

If you already have accounting skills or experience, you can put them towards your formal Advanced Diploma of Accounting qualification.

Recognition of Prior Learning (RPL) is a process that assesses the individual’s formal and informal learning to determine the extent to which that individual has achieved the required learning or competency outcomes. All students have the opportunity to apply for RPL which incurs a non-refundable fee starting at $300. For more information on RPL and our fees, please refer to the Student Handbook.

With this option you will put together a portfolio of your work to demonstrate a good understanding of the learning outcomes in the course. You will still be able to access all of the resources available to online self-paced students.

We find that for many students, RPL is a more complex process than completing the self-paced study and doing the activities, unless you have sound experience in the units of study and are able to provide a portfolio of evidence.

Education Pathway

Depending on the university that you would like to attend, you may be eligible for credit towards entry to accounting & finance degrees.

For Curtin University, in Perth WA, on successful completion of FNS60217 Advanced Diploma of Accounting you can receive up to 225 credit points for admission into the Bachelor of Commerce. More information is available on the Curtin Search for CRL website (by selecting ‘TAFE – Any Australian TAFE’ in Q3 of the filter). 

For other universities, contact directly to discuss entry requirements.

Career Pathways

The Advanced Diploma of Accounting typically includes:

• Tax Agent
• Accountants
• Auditor
• Tax Specialist
• Commercial Accountant

Online study is a convenient, effective and affordable way to learn when and where you want.

We provide you with the following:

• Quality learning materials and resources
• Amazing Support from our assessors and student support team
• Online assessments and exams
• Student Facebook group

The FNS60222 Advanced Diploma of Accounting has been developed to give you flexibility so that you can study at your own pace, in your own time and in your own environment. The best part is, with Applied Education we provide a high level of support for all our students and are here with you in your study journey.

At Applied Education, we believe in equipping our students with the tools they need to succeed. That's why we're proud to offer a complimentary Office 365 A1 subscription to all of our students. This includes web access to Microsoft's top applications like Outlook, Word, PowerPoint, Excel, and OneNote, as well as your very own student email address. Not only will you be able to create and collaborate on amazing content with the 365 Office app, but your student email address also comes with exclusive discounts and special student pricing at many popular businesses and online stores. Start taking advantage of this as soon as you enrol.