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Queensland Government Funding for FNS50222 Diploma of Accounting

The first step in becoming a tax agent or accounting professional

FNS50222 Diploma of Accounting is designed for those with accounting experience and a prior qualification who are looking to become a qualified accounting professional.

It is ideal for anyone currently working in the industry and wanting to work as a senior bookkeeper or accountant or for those looking to gain partial educational requirements to become a tax agent.

• 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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Queensland Government HLS Funding


To enrol in FNS50222 Diploma of Accounting you must meet the entry requirements

Access online video tutorials presented by our qualified trainers,
covering key learning concepts.

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

Dedicated support

Bonus upskill courses

Tax Practitioners Board approved


Concession $1240

Non Concession $1520

Higher Level Skills (HLS) program is a Queensland Government initiative that will offset the cost of a certificate IV or higher course so that Queenslanders can gain advanced skills to secure employment or further their careers. This subsidy is available to Australian or New Zealand citizens, permanent residents, or temporary residents with the necessary visa.

To be eligible for the HLS, you must meet the following criteria:

  • not hold or be currently enrolled in a certificate IV or higher level qualification (does not include qualifications completed in secondary school)
  • be 15 years or older
  • have completed or left secondary school
  • be an Australian citizen or permanent resident residing in Queensland, or New Zealand citizen permanently residing in Queensland

If you are ineligible please click here for full course details.

*Students may be eligible for the concession rate if they:

a) hold a Health Care or Pensioner Concession card; or
b) are the partner or dependant of a person who holds a Health Care or Pensioner Concession Card and they are named on the card.

If you have completed prior units of study, please contact us on 1800 678 073 regarding funding eligibility and/or credit transfers.

Queensland Government Skills Assure provider
  • Bookkeeping Experts

    Training experts since 1999

  • Tax Practitioners Board Approved

    TPB approved for BAS Agent registration

  • Amazing Support

    Expert trainers and passionate support

  • Online Video Tutorials

    Hundreds of tutorials covering key learning concepts

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.

Prior to enrolling in 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 a prior qualifications including; Accounting Principles Skill Set or Certificate IV in Accounting and Bookkeeping.

If you have no prior qualification or any old qualification that does not the entry requirements, you can enrol directly in the Queensland Government funded FNS40222 Certificate IV in Accounting and Bookkeeping.

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.

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
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

Course Fees and Payment Plans

We understand not everyone has the financial resources upfront to invest in training, so we offer a 9-week payment plan to get you moving faster towards your future.

  • An administration fee of $40 is added for this option
  • All you need is a valid credit card
  • Pay first weekly instalment at commencement of course
  • Remainder to be paid over eight equal weekly instalments. Total of nine payments.

Note: Applied Education sales and discounts do not apply to students enrolled via a government funding initiative.

The maximum duration is 12 months with a minimum of 1200 course hours. However, this is a guide only. As your learning is delivered online, 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.

You will have access to the following resources:

  • Video recordings for key learning concepts.
  • Digital (non-printable and non-editable) training manuals for units BSBTEC402, FNSPAY515, FNSTPB411, FNSTPB412 are included as part of the course at no additional cost. Hard copies can be ordered if you require them.
  • For all other 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.
  • Three free learning bundles

This course is offered as online study. This means that you will complete all study units and assessments through our online student platform.

The FNS502122 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.


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.


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 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.

Depending on the course you choose and credit transfer, 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.

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

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 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.

Queensland Government Funding for Diploma & Advanced Diploma of Accounting 1

Free Short Course Bundles Included

Queensland HLS Funded Students get all three online fundamental learning bundles free


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)


4 Online Courses
Payroll Administration
Salary Packaging

(Bundle value $695)

Queensland Government Skills Assure provider

We are proud to be a Skills Assure provider!

By choosing a subsidised course through a Skills Assure supplier, you can gain skills that are valued by industry and will help get you a job once you are finished your studies. Click here for more details

ASQA VET Quality Framework Audit Results
The following documents are provided as per the Queensland VET Investment guidelines
Audit ASQA – 52240_summary
Education IT Solutions Pty Ltd_Full_Report

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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Applied Education_MYOB_EducationPartner
icb student membership
Queensland Government Skills Assure provider
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