Government Funding Available
Course fees from $409 for concession or $1373 for non-concession!

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South Australian Government Funding for FNS50222 Diploma of Accounting Trainees

Study Diploma of Accounting Online

The FNS50222 Diploma of Accounting course is designed for students wanting to become qualified 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

Course Guide & Eligibility Checklist

LG SA Trainee FN50222

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SA Government Funding For Eligible Trainees

FNS50222 Diploma of Accounting

If you have completed FNS40222 Certificate IV in Accounting and Bookkeeping

 you can enrol in the commercial accounting course option

Meet the TPB education requirements for BAS Agents

Dedicated support

$1372.50 or


for non-concession and concession

RRP $2390

FNS50222 Diploma of Accounting
with Tax Electives

If you have completed FNS40222 Certificate IV in Accounting and Bookkeeping

you can enrol in the taxation accounting course option

Meet the TPB education requirements for TaxAgents

Dedicated support

$1485 or


for non-concession or concession

RRP $2740

Trainee Eligiblity

You must meet the following

  • Live or work in South Australia;
  • Australian or New Zealand citizen, or an Australian Permanent Resident or an eligible visa holder
  • be aged 16 years or older; and
  • not enrolled in school
  • have an employer willing to offer you a traineeship


For the student (trainee)

  • Reduced course fee.
  • Attain a Nationally Recognised qualification.

For the employer:

  • More skilled workers
  • Australian Government financial incentives to eligible employers of trainees including the Boosting Apprenticeship Wage Subsidy of up to 50% (to a maximum of $7,00 per quarter) of the gross wage paid.**

See below for full details **

Traineeship funding an initiative of Government of South Australia South A

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.

  • Accounting Experts

    Training experts since 1999

  • Tax Practitioners Board Approved

    TPB approved for BAS 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 the important information to know before you enrol.

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

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:

For the trainee:

  • Reduced course fee.
  • Opportunity to gain a nationally recognised Diploma-level qualification.
  • Access to one-on-one support via Microsoft Teams with a qualified Trainer/Assessor.
  • Plan for your future and help your employer develop the skills of their workforce.

For the employer:

  • Building a skilled workforce with the latest professional development opportunities.
  • The Australian Government provides a number of financial incentives to eligible employers of trainees including the Boosting Apprenticeship Wage Subsidy of up to 50% (to a maximum of $7,00 per quarter) of the gross wage paid. (source:

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


Course Fees

For South Australia approved trainees the course fees are:

  • $1372.50 for non-concession
  • $408.70 for concession*

(RRP $2390)

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.

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:

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.

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;

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.


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.


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.

You will also need 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 comprise theoretical and practical exercises.

Accounting unit assessments use MYOB or Xero (both are supplied).


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.

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

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.

South Australian Government Traineeship Funding For 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.


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)

* 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:

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

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

Get Microsoft Office 365 free

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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