Diploma of Accounting

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 not meet the entry requirements, you will need to complete these 4 units of competency before starting on the Diploma units.

The FNS50222 Diploma of Accounting is a nationally recognised qualification ideal for individuals seeking advanced knowledge in financial reporting, tax, and business law.

This accounting diploma includes 11 units — 7 core and 4 electives — aligned with Australian business needs.

Diploma of Accounting with Commercial Accounting

• 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

Diploma of Accounting with Taxation Accounting

• 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
• 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)

The FNS50222 Diploma of Accounting is a nationally recognised qualification ideal for individuals seeking advanced knowledge in financial reporting, tax, and business law.

This accounting diploma includes 11 units — 7 core and 4 electives — aligned with Australian business needs. Plus 4 prerequisite units.

Prerequisite Units - For both Tax and Commerical Accounting

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)

Plus choose your pathway below

Diploma of Accounting with Commercial Accounting

• 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

Diploma of Accounting with Taxation Accounting

• 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
• 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)

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.

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 meet the entry requirements, you will have:

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

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 must complete the four prerequisite units of competency before starting on the Diploma units.

All our courses include comprehensive, Australian-written training manuals, case studies and exercises. The material varies depending on the units that you will be studying.

FNSACC321, FNSACC322, FNSACC418, FNSACC421, BSBTEC402, FNSPAY515, FNSTPB411 and FNSTPB412 include:
Digital course training manuals (non-printable and non-editable), video tutorials and all learning material at no additional cost.

FNSACC524, FNSACC526 and FNSACC527:
Up to 8 hours of classroom recordings, depending on the unit, at no additional cost.
Textbooks are required to be purchased separately from the publisher.*

FNSACC521, FNSACC523:
Textbooks are required to be purchased separately from the publisher.*
Classroom recordings are coming in 2025.

FNSACC522 and FNSTPB503:
Comprehensive recorded video lectures and tutorials at no additional costs. Over 13 hours of recordings for each unit.
Textbooks are required to be purchased separately from the publisher.*

FNSACC601, FNSTPB504 and FNSTPB505 include:
Comprehensive video lectures at no additional costs. 7-8 hours of recordings for each unit.
Textbooks are required to be purchased separately from the publisher.*

*Applied Education students receive a discount when ordering through our supplier.
The cost for digital textbooks is approximately $350- $500.
Hard copies for all training manuals/textbooks are available to purchase at additional cost.

Pre-course

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 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

Additional costs may apply. Refer to Student Handbook.

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.

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

Credit Transfer may be applied but will not effect pricing.

Education Pathways

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.

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

We know that your education is a significant investment in money, time and effort. In addition to supporting your learning journey, we also want you to enjoy some perks along the way.

Once enrolled, you will be invited to sign up to a student email and gain access to incredible discounts and freebies designed to support your studies and lifestyle.

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