Upgrade to Diploma of Accounting
with Tax Electives

FNS5022 Diploma of Accounting with Tax electives is the latest qualification, released in June 2022 and is designed for those with accounting experience who are looking to become a qualified accounting professional and registered tax agent. This course is approved by the Tax Practitioners Board (TPB) and meets the education requirements for Tax Agent Registration.

Complete just 10 units to achieve FNS5022 Diploma of Accounting, which includes tax electives that are TPB approved for Tax Agent registration.

• 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
• FNSACC521 Provide financial and business performance information
• FNSACC527 Provide management accounting information
• FNSTPB503 Apply legal principles in consumer and contract law
• FNSTPB504 Apply legal principles in corporations and trusts law
• FNSTPB505 Apply legal principles in property law
• FNSACC601 Prepare and administer compliant tax returns for legal entities

* If you have completed FNSSS00014 Accounting Principles Skill Set you will have to 11 units of competency.

• BSBTEC402 Design and produce complex spreadsheets*

We offer a significant discount on our upgrade packages to previous Applied Education students of the Certificate IV in Accounting & Bookkeeping or the Accounting Principles Skill Set.

Upfront Payment

$2350 for 10 units upgrade from FNS40217/FNS40222
$2490 for 11 units upgrade from FNSSS00014

Payment Plans

We understand 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 Diploma of Accounting is eligible for a 6-month or 12-month payment plan.

• An administration fee, $100 for 6-month plan or $150 for 12-month plan, 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 card

When you enrol in this course you can choose 1 FREE Fundamental Bundle and you will receive 12-months Student Membership with Tax and Super Australia at no additional cost.

You will have a total of 18 months to complete this course, with a nominal 1550 course hours, however you can complete the course as fast as you would like as there is no minimum time frame.

For the Diploma of Accounting with Tax electives, textbooks are required to purchased separately from the publisher. Applied Education students receive a discount when ordering through our supplier, full details are provided with enrolment. Total cost for these textbooks is approximately $800 for paperback editions, or $500 for digital editions.

Pre-course

Before starting this course, 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 a 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 MYOB Student version or Xero (both supplied).

Exams

Tax Practitioners Board Licensing Course 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

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