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FNS50222 Diploma of Accounting

Further Your Career with Direct Entry into the Diploma of Accounting

Direct Entry Diploma of Accounting Online

The FNS50222 Diploma of Accounting course is designed for students wanting to become accounting professionals or tax agents and have prior qualifications.

Applied Education offers two choices for the Diploma of Accounting depending on your career pathway. You can choose to study units that are relevant to commercial accounting or units relevant to taxation accounting and are approved by the Tax Practitioners Board for Tax Agent registration.

On completion of FNS50222 Diploma of Accounting, you will be able to;

  • Prepare reports for corporate entities
  • Prepare tax documents for individuals
  • Provide business performance reporting
  • Produce and analyse budgets
  • Implement internal control procedures
  • Perform management level accounting tasks

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FNS50222 Diploma of Accounting Enrolment Options

  • Prior qualification

    Do you have a prior qualification that meets the entry requirements to the Diploma of Accounting?

  • Yes

    Great news. Choose between commercial accounting or tax accounting / tax agent and enrol.

  • No

    No problem. Choose between commercial or tax accounting / tax agent, enrol and complete the entry requirements first.

You Meet Entry Requirements

Include the Entry Requirements

Diploma of Accounting

 Commercial Accounting

11 Units

Payment Plans Available

Meets BAS Agent Education Requirements

 

$2390

Diploma of Accounting
with Tax Electives

Taxation Accounting

11 Units

Payment Plans Available

Meets Tax Agent Education Requirements

 

$2740

Diploma of Accounting
and prerequisite units

15 Units

Commercial Accounting

Payment Plans Available

 Meets BAS Agent Education Requirements

 

$2840

Diploma of Accounting

with tax electives
and prerequisite units

15 Units

Taxation Accounting

Payment Plans Available

Meets Tax Agent Education Requirements

 

$3190

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 or book an enrolment consultation.

  • Accounting Experts

    Training experts since 1999

  • Tax Practitioners Board Approved

    TPB approved for Tax Agent registration

  • Amazing Support

    Expert trainers and passionate support

  • Student Membership

    with IFPA (Institute of Financial Professionals Australia)

FNS50222 Diploma of Accounting Course Information

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

Prior to commencing FNS50222 Diploma of Accounting you must have completed the following units of competency or their equivalents.

  1. FNSACC321 Process financial transactions and extract interim reports (equivalent to FNSACC311)
  2. FNSACC322 Administer subsidiary accounts and ledgers (equivalent to FNSACC312)
  3. FNSACC418 Work effectively in the accounting and bookkeeping industry (equivalent to FNSACC408)
  4. FNSACC421 Prepare financial reports (equivalent to BSBFIA401)

These units may have been achieved through completing Accounting Principles Skill Set or FNS40222 Certificate IV in Accounting and Bookkeeping (or equivalent).

If you do you meet the entry requirements, you will need to complete these 4 units of competency before starting on the Diploma units.

FNS50222 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.

There are 11 Units of Competency in this course, 7 core units and 4 electives.

Core Units

  • BSBTEC402 Design and produce complex spreadsheets
  • FNSACC521 Provide financial and business performance information
  • FNSACC522 Prepare tax documentation for individuals
  • FNSACC523 Manage budgets and forecast
  • FNSACC524 Prepare financial reports for corporate entities
  • FNSACC526 Implement and maintain internal control procedures
  • FNSACC527 Provide management accounting information

Elective Units for Commercial Accounting

  • FNSTPB503 Apply legal principles in contract and consumer law
  • FNSTPB411 Complete business activity and instalment activity statements
  • FNSTPB412 Establish and maintain payroll systems
  • FNSPAY515 Interpret and apply knowledge of taxation systems relevant to payroll

or Elective Units for Taxation Accounting

  • FNSTPB503 Apply legal principles in contract and consumer law
  • FNSTPB504 Apply legal principles in corporations and trust law
  • FNSTPB505 Apply legal principles in property law
  • FNSACC601 Prepare and administer tax documentation for legal entities

(Release status: Current)

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 is added for this option ($100 for 6 months or $150 for 12 months) and is spread over the instalments
  • 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. Our courses includes a non-refundable administration fee of $250.

Fees and Credit Transfer

A Credit Transfer may be applied but will not effect pricing.

If you meet the entry requirements, you will have:

  • 12 months to complete Diploma of Accounting
  • 18 months for the Diploma of Accounting with tax electives

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.

If you do not meet the entry requirements and enrol in one of the pathway options that include the prerequisite units, you will have:

  • 18 months to complete Diploma of Accounting with prerequisite units
  • 24 months for the Diploma of Accounting with prerequisite units and tax electives

You will have to complete the four prerequisite units of competency before starting on the Diploma units.

Diploma of Accounting

For most units, 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. Total cost for these textbooks is approximately $700 for paperback editions, or $350 for digital editions.

Digital course training manuals (non-printable and non-editable) for units BSBTEC402, FNSPAY515, FNSTPB411, FNSTPB412 are included as part of the course at no additional cost. If required, hard copy manuals can be purchased at additional cost.

Video tutorials
To support your learning, we also provide video tutorials covering key learning concepts for the following units:
BSBTEC402, FNSACC522, FNSTPB411, FNSTPB412, FNSPAY515, FNSTPB503 and FNSTPB504.

Diploma of Accounting with tax electives

For all units 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. Total cost for these textbooks is approximately $800 for paperback editions, or $500 for digital editions.

Digital course training manual (non-printable and non-editable) for BSBTEC402 is included as part of the course at no additional cost. If required, a hard copy manual can be purchased at additional cost.

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 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.

FNS50222 Diploma of Accounting Online study is a convenient, effective and affordable way to learn when and where you want.

We provide you with the following:

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

The FNS50222 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.

Whether you choose the commercial or the tax electives option, on completion of FNS50222 Diploma of Accounting you will receive a full AQF Certificate. If you enrol in the course option with the entry requirements, you will receive a Statement of Attainment for those four units of competency followed by a Certificate for FNS50222 Diploma of Accounting.

Depending on the course you choose, you will need:

  • A reliable internet connection as all data files and learning activities are available via our Student Platform.
  • Microsoft Word and Excel.
  • A computer with a Microsoft Windows operating system#, is need to complete the prerequisite unit FNSACC321.

#Mac Users, Tablets and MYOB

MYOB software cannot be downloaded to tablets including Chromebooks and since 2020, and is not compatible with Apple’s operating system. If you only have access to a Mac computer, we recommend you first 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.

Units using Accounting software

  • We will provide links and instructions to access MYOB Student Edition Software and Xero Demo Company.
  • MYOB is used to complete FNSACC321.
  • Xero is used to complete FNSACC322.
  • FNSTPB411 and FNSTPB412 has course material and assessments in both Xero and MYOB. Students can choose which accounting software they would like to use to complete these units.

The Diploma of Accounting online course can open doors to many different careers in business and finance, including:

  • Bookkeeper
  • Tax Agent
  • Finance Manager
  • Payroll Officer
  • Accountant
  • Auditor
  • Tax Specialist
  • Accounting Clerk

If you enrol in the Diploma of Accounting with Tax electives you will meet all the education requirements to become a Tax Agent.

On completion of the Diploma of Accounting you will meet the entry requirements to FNS60222 Advanced Diploma of Accounting.

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 WA, on successful completion of FNS50222 Diploma of Accounting you can receive up to 125 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 the university directly to discuss entry requirements.

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.

FNS50222 Diploma of Accounting and Tax 1

Government Funding Available

Queensland Government Skills Assure providerStudents in Queensland may be eligible to apply for government funding. Note there are strict eligibility requirements and additional student activities required. More information can be found here

FNS50222 Diploma of Accounting and Tax 2

Students in South Australia may be eligible to apply for Traineeship funding. Note there are strict eligibility requirements and additional student activities required. More information can be found here.

This course is approved under the Smart and Skilled - Targeted Priorities Full Qualifications Program by the New South Wales Government. To find out more and if you are eligible, please click here.

Free Short Course Bundle 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.

Student Membership Included

Institute of Financial Professionals Australia

(formerly known as Tax & Super Australia)

Applied Education has partnered with the Institute of Financial Professionals Australia (formerly known as Tax & Super Australia) to provide you with the tools and resources you need to thrive in your study and professional career.

As a Tax student at Applied Education you will receive, at no additional cost to you, a 12-month Student Membership with the Institute of Financial Professionals Australia (formerly known as Tax & Super Australia). This membership is specifically designed to help you complete your study and prepare you for your future career as a Tax Professional with one of Australia's leading Recognised Tax Associations.

This offer is only available to tax students if you enrol in our TPB Tax Units, Diploma of Accounting with tax electives or Advanced Diploma of Accounting.  Key benefits to this membership include:

IFPA Full Primary Logo-Transparent

For information on the full range of benefits of this Institute of Financial Professionals Australia (formerly known as Tax & Super Australia) membership, click here.

Diploma of Accounting Pathway
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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 - FNS50222 Diploma of Accounting is nationally recognised in all states and territories of Australia.

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