South Australian Government Funding for FNS50222 Diploma of Accounting Trainees

A traineeship is a practical hands-on training program combining paid work with structured training aimed at achieving a nationally recognised qualification. If you would like to do a traineeship and study Accounts Administration, there are Participant Eligibility Criteria in order to receive funding. You must

• reside or work in South Australia;
• be an Australian or New Zealand citizen, or an Australian Permanent Resident or an eligible visa holder (see eligible visas at https://www.skills.sa.gov.au/courses-careers/eligibility-explained);
• be aged 16 years of older; and
• not enrolled in school.

School-enrolled students are subject to separate eligibility criteria.

If you do not meet the eligibility criteria, please click here for full course details  or call us on 1800 678 073 for a consultation with a course adviser.

For full eligibility refer to: providers.skills.sa.gov.au/Deliver/Student-eligibility-for-subsidised-training

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

The maximum duration that you will have to complete FNS50222 Diploma of Accounting course, will be a the same as the duration of your traineeship contract. There is no minimum time frame, students familiar with bookkeeping and accounting concepts may complete the course much faster.

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.

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.

Overview

Your learning journey is about becoming "competent" in the subject matter. Our in house course writers and assessment team all have accounting and bookkeeping experience or are currently working in the industry. With this in mind we try and make the tasks relevant to what you will experience in the real world. The purpose is not to just pass or fail, rather to become competent using these skills which you can then apply in the real world.

Pre-course

Before starting this course, there are two requirements that need to be completed. All individuals seeking access to a subsidised training place in South Australia are required to complete an Upfront Assessment of Needs (UAN) after the Traineeship ID has been approved by Traineeship and Apprenticeship Services.

Before starting this course, you may be required to complete a Language, Literacy, Numeracy and Digital (LLND) skills assessment to ensure we can support you before your studies commence.

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 comprise theoretical and practical exercises.

Accounting unit assessments use MYOB or Xero (both are 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 online supervision with one of our staff members via Microsoft Teams.

Depending on your credit transfer, to complete 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. For information regarding the Boot Camp Assistant software, please refer to Apple's support page; https://support.apple.com/en-au/HT201468

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

To complete all units in the Diploma of Accounting with Tax Electives, you will need:

• A computer with 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.

Course Fees

For South Australia approved trainees the course fees are:

Diploma of Accounting:

• $1494.50 for non-concession
• $537.70 for concession*
  (RRP $2390)

Diploma of Accounting with tax electives:

• $1617 for non-concession
• $574.20 for concession*
  (RRP $2880)

Applied Education sales and discounts do not apply to trainees enrolled via a government funding initiative.
* Proof of concession (a current Commonwealth Government Concession Card) must be provided before enrolling. This is in addition to the eligibility criteria for Traineeships.

Payment Plans

We understand not everyone has the financial resources upfront to invest in training, so we offer flexible payment options to get you moving faster towards your future. To discuss Cluster Payment options, please contact Student Support on enrolment.

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

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.

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.