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FNSSS00014 Accounting
Principles Skill Set

Skills for entry to Diploma level accounting and beyond

Duration Up to 12 Months
Start Date Anytime - Instant Access
Delivery Online Course
Funding Assistance Available

Essential Accounting Skill Set For Diploma Level Study

The Accounting Principles Skill Set is ideal for those in accounting and bookkeeping who are looking to study at a Diploma Level without having to do a Certificate IV in Accounting and Bookkeeping.

The units of study provide direct entry into FNS50217 Diploma of Accounting, partial entry into FNS60217 Advanced Diploma of Accounting or unit credits in the FNS40217 Certificate IV in Accounting and Bookkeeping.

Course Options

FNSSS00014
Accounting Principles Skill Set

Online Learning

Entry to Diploma of Accounting


Instant Course Access

Log in to our student portal at any time
to access your course material.

Complete your studies and assessments at a time that fits in with your lifestyle or other work commitments.


Enrol Now. Start Now.

$1305

RRP $1450

Dual Qualification
Inc Advanced Principles Skill Set

Dual Qualification

Entry to Advanced Diploma of Accounting + Tax Agent Pathway


Your Accounting Pathway

Obtain both Skill Sets - FNSSS00014 Accounting Principles and FNSSS00015 Advanced Accounting Principles Online

Complete your studies and assessments at a time that fits in with your lifestyle or other work commitments.


Enrol Now. Start Now.

$2241

RRP $2490

Not sure which course is right for you? Completed prior units and may be eligible for credits? Call us on 1800 678 073 for a consultation with a course coordinator.

  • Bookkeeping Experts

    Training experts since 1999

  • PDF Resources

    Australian written learning material

  • Amazing Support

    Expert trainers and passionate support

  • Online Video Tutorials

    Hundreds of tutorials covering key learning concepts

Accounting Principles Skill Set Online Course

Let's take a look at what you are going to learn and the important information to know before you enrol.

FNSSS00014 Accounting Principles Skill Set comprises 7 units that are studied in the following order:

  • FNSACC426 Set up and operate a computerised accounting system
  • FNSACC321 Process financial transactions and extract interim reports
  • FNSTPB412 Establish and maintain payroll systems
  • FNSTPB411 Complete business activity and instalment activity statements
  • FNSACC421 Prepare financial reports
  • FNSACC322 Administer subsidiary accounts and ledgers
  • FNSACC418 Work effectively in the accounting and bookkeeping industry

We provide you with 12 months to complete the FNSSS00014 Accounting Principles Skill Set online.

The required study hours associated with this skill set are 560 hours and are based on someone who has little experience in the industry. You are more than welcome to complete your studies as fast as you would like.

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.
  • A computer with a Microsoft Windows operating system.#
  • Microsoft Word and Excel.

We will provide links and instructions to access MYOB Student Edition Software and Xero Demo Company.

# Mac Users, Tablets and MYOB
MYOB software cannot be downloaded to tablets including Chromebooks and since 2020, MYOB is not compatible with Apple’s operating system.

If you only have access to a Mac computer, we recommend you first contact Apple to confirm if the following options are feasible on your computer:

  • purchase and install on your mac a windows emulator such as "parallels" to run windows on a Mac at your own cost; or
  • use the free inbuilt Mac Boot Camp Assistant on your Mac computer and purchase a Windows OS software licence.

Note: Applied Education and MYOB are unable to support issues relating to a Mac computer.

We understand that students study in different ways. For the Accounting Principles Skill Set, we provide extensive learning material and resources to support you on your learning journey:

  • Digital course training manuals (non-editable and non-printable) for each unit of competency
  • Video tutorials for some units covering key learning concepts
  • Reference resources
  • Case studies
  • Practice exercises
  • Interactive learning material

All course content, including assessments, is accessed via our online student portal.

If required, hard copy manuals can be purchased at additional cost. Hard copies for FNSACC426, FNSTPB411 and FNSACC421 are purchased separately (approx. $220 ex postage) from an external publisher, full details are provided on enrolment. Hard copies for all other units are purchased directly from Applied Education ($160 incl postage).

If you enrol in the dual Skill Set, for FNSSS00015 you are required to purchase manuals separately from the publisher. Applied Education students receive a discount when ordering through our supplier, full details are provided with enrolment.

Pre-course

Before starting, you will be required to complete a Language, Literacy and Numeracy (LLN) questionnaire. This quick questionnaire is used to determine your LLN skill level so that we can best support you in your studies.

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 online via our student portal. They are conducted open book from either your home or office, and comprise theoretical and practical exercises.

Accounting unit assessments use a combination of MYOB and Xero (both are supplied).

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:

Skype 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 3, 97 Pirie St, Adelaide SA 5000

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

Payment Plans

We understand that not everyone has the financial resources upfront to invest in training, so we offer payment plans to get you moving faster towards your future. The Accounting Principles Skill Set is eligible for a 6-month payment plan.

  • An administration fee ($100 for 6 month plans and $150 for 12-month plans) is added for this option
  • A $250 deposit is processed at the commencement of course
  • Remainder is paid over 6 or 12 equal monthly instalments
  • All you need is a valid credit or debit card

Concessions on Courses

Concession pricing is available for eligible students as per the Student Handbook. Proof of concession must be provided at the time of enrolment; please contact us to apply for a concession rate when enrolling.

Refund Policy

Refer to the Student Handbook for our refund policy. This course includes a non-refundable administration fee of $250.

Once you have completed the FNSSS00014 Accounting Principles Skill Set course you have the following options:

Diploma Of Accounting

  • Enrol in the FNS50217 Diploma of Accounting and only complete 8 units to gain the qualification.

Certificate IV in Accounting and Bookkeeping

  • OR enrol in the FNS40222 Certificate IV Accounting and Bookkeeping and only complete 7 units to gain the qualification.

Advanced Accounting Skill Set

  • OR enrol in the FNSSS00015 Advanced Accounting Skill Set which has only 6 units of competence.

Government Funding Available

Australian Government Older Workers Initiative

The Australian Government, through its Skills and Training Incentive, is providing a 50% co-contribution (up to $2,000 ex GST) towards training to support older Australians with reskilling or upskilling in order to remain in the workforce longer.

You are eligible for the Incentive if you:

  • are over 40 years of age
  • are an Australian citizen or permanent resident
  • are currently employed OR recently unemployed (less than 12 months) and not registered with an Australian Government employment services provider

Find out more about the Program can be found here.

Funding for people aged over 40

Free Short Course Bundles Included

Choose 1 FREE Fundamentals bundle or 2 for $295, or all 3 for $495 when you enrol.
Perfect to meet CPE/CPD requirements and upskill.

Microsoft
Fundamentals

5 Online Courses
Excel Introductory & Intermediate
Word Introductory & Intermediate
Microsoft Outlook

(Bundle value $495)

Xero & MYOB
Fundamentals (Popular)

3 Online Courses
Certificate in Xero Accounting
Certificate in Xero Payroll
Certificate in MYOB Bookkeeping

(Bundle value $685)

Payroll
Fundamentals

4 Online Courses
Payroll Administration
Salary Packaging
GST & BAS
Terminations

(Bundle value $695)

* If you are applying for funding for this course, there may be restrictions on Free Bundles depending on government funding eligibility requirements.

Dual Qualification

Accounting Principles Skill Set
and
Advanced Accounting Principles Skill Set

FNSSS00014 Accounting Principles Skill Set comprises 7 units that are studied in the following order:

  • FNSACC416 Set up and operate a computerised accounting system
  • FNSACC311 Process financial transactions and extract interim reports
  • FNSTPB402 Establish and maintain payroll systems
  • FNSTPB401 Complete business activity and instalment activity statements
  • BSBFIA401 Prepare financial reports
  • FNSACC312 Administer subsidiary accounts and ledgers
  • FNSACC408 Work effectively in the accounting and bookkeeping industry

FNSSS00015 Advanced Accounting Principles Skill Set comprise 6 units of study:

  • FNSACC513 Manage budgets and forecasts
  • FNSACC514 Prepare financial reports for corporate entities*
  • FNSACC516 Implement and maintain internal control procedures
  • FNSACC517 Provide management accounting information
  • FNSACC511 Provide financial and business performance information
  • FNSACC512 Prepare tax documentation for individuals

* There are two prerequisites for this unit; BSBFIA401 Prepare financial reports and FNSACC311 Process financial transactions and extract interim reports.

We provide you with 24 months to complete the dual online skill set FNSSS00014 Accounting Principles and FNSSS00015 Advanced Accounting Principles.

The required study hours are a nominal 560 hours per skill set and are based on someone who has little experience in the industry. You are more than welcome to complete your studies as fast as you would like.

Upfront Payment

$2490

Payment Plans

We understand that not everyone has the financial resources upfront to invest in training, so we offer payment plans to get you moving faster towards your future. The dual qualification is eligible for a 6-month or 12-month payment plan.

  • An administration fee is added, $100 for the 6-month option and $150 for 12-month option
  • A $250 deposit is processed at the commencement of course
  • Remainder is paid over 6 or 12 equal monthly instalments
  • All you need is a valid credit card

Concessions on Courses

Concession pricing is available for eligible students as per the Student Handbook. Proof of concession must be provided at the time of enrolment; please contact us to apply for a concession rate when enrolling.

Refund Policy

Refer to the Student Handbook for our refund policy. This course includes a non-refundable administration fee of $250.

For FNSSS00014 Accounting Principles Skill Set, digital course training manuals are included at no additional cost.

These materials aren’t printable or editable, however if you can purchase hard copies for most units at an additional cost of $190 including postage.  

For FNSSS00015 Advanced Accounting Principles Skill Set, textbooks are required to be purchased separately from the publisher. Applied Education students receive a discount when ordering through our supplier, full details are provided with enrolment.

Student Support - The Applied Education Difference

  • Amazing Support

    Every student receives help getting started
    and can book a welcome call

  • Online Support

    Dedicated Support Team and Ticket Lodgement

  • Facebook & Student Forums

    Dedicated Facebook Study Group and Online Forums

  • Phone Support

    Talk to Assessors & Student Services Team

Accreditation & Industry Partners

As a Registered Training Organisation (ID 52240), we comply with the government’s strict quality and consistency standards. We conduct regular audits to ensure we keep this accreditation and deliver the level of training you deserve.

Nationally Recognised Training - FNSSS00014 Accounting Principles Skill Set is recognised in all states and territories of Australia..

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