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Study 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 that 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

Get the course guide!

And check your eligibility for funding.

LG NSW FNS50222

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NSW Government Smart and Skilled Program

Diploma
of Accounting

Commerical Accounting

Meet the education requirements for tax agent registration with the TPB.

11 Units of study

All learning material is included,
no additional costs

Study online at your own pace

Diploma of Accounting
with tax electives

Taxation Accounting

Meet the education requirements for tax agent registration with the TPB.

FREE Student Membership with IFPA
(formerly known as Tax & Super Australia)

All learning material is included,
no additional costs

Study online at your own pace

Do you meet the entry requirements for FNS50222 Diploma of Accounting? Are you based in New South Wales?

This course is funded for eligible participants, under the NSW Smart and Skilled - Targeted Priorities Full Qualifications Program. For more information about Smart and Skilled funding please refer to https://skills.education.nsw.gov.au/

Book an enrolment consultation with our course advisors. They will confirm your eligibility and provide the approved fees, charges and units of study applicable to your circumstances.

  • IFPA Membership

    Institute of Financial Professionals Australia student membership included

  • Tax Practitioners Board Approved

    TPB approved for Tax Agent registration

  • Amazing Support

    Expert trainers and passionate support

  • Bonus Online Courses

    Free online courses included to upskill with CPD hours

FNS50222 Diploma of Accounting Course Information

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

Education Prerequisites

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).

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.

For more information about Smart and Skilled funding please refer to https://skills.education.nsw.gov.au/ and https://www.nsw.gov.au/education-and-training/vocational

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

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 eligible 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 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.

You will have:

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

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.

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)

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 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.

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.

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.

Career Pathways

The Diploma of Accounting can lead to many career options in a broad range of industries including:

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

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

Please contact your preferred university directly to discuss pathway entry options.

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 access to Microsoft's web-version of 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.

NSW funded FNS5022 Diploma of Accounting 1

All Short Courses Bundles Included - 12 Bonus Courses

Receive all 3 bundles for FREE!
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

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.

Tax students* at Applied Education receive, at no additional cost, 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 Tax Associations.

*This offer is available if you enrol in the Tax Agent Registration Course, 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.

Get Microsoft Office 365 free

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 recognised in all states and territories of Australia.

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