FNS50222 Diploma of Accounting

Advance Your Expertise in Accounting

The FNS50222 Diploma of Accounting is designed for individuals ready to take their accounting skills to the next level. Whether you aim to become a tax agent, payroll service provider, or handle complex accounting tasks, this qualification equips you with the specialised knowledge and practical skills required to excel in the field. This course is ideal for professionals seeking to deepen their expertise or expand their career opportunities in accounting.

Why Choose This Course?

This diploma prepares you to confidently tackle a wide range of accounting functions. You’ll gain the skills necessary to provide financial advice, process complex payrolls, and manage taxation requirements for legal entities. Whether you’re working for an organisation or planning to start your own practice, the FNS50222 Diploma of Accounting provides the essential tools to succeed in a fast-paced, ever-evolving industry.

What Will You Learn?

Throughout this course, you’ll gain the ability to solve complex problems, analyse financial data, and interpret legislation relevant to accounting and payroll. You’ll also develop leadership skills, enabling you to guide teams effectively and contribute to the success of your organisation. Key skills covered include:

• Taxation Knowledge – Apply taxation requirements and manage tax documentation for legal entities.
• Payroll Management – Process superannuation payments and understand taxation systems relevant to payroll.
• Legal Insight – Apply legal principles in contract, consumer, corporations, and trust law.
• Financial Tools – Use financial statistics and tools to make informed decisions.
• Advanced Software Skills – Design and produce complex spreadsheets for detailed financial reporting.

Why Study with Us?

Our fully online study programme offers flexibility, allowing you to progress at your own pace to complete the course within 18 months and manage your studies alongside work or personal commitments. We provide access to comprehensive learning materials, expert guidance from industry professionals, and a supportive learning environment to ensure your success.

Key benefits include:

• Flexible Learning – Complete your diploma at your own pace with no fixed deadlines.
• Expert Support – Get guidance from experienced professionals in the accounting industry.
• Practical Skills – Gain real-world, applicable knowledge that will boost your career prospects.
• Career Advancement – Open the door to more senior accounting roles or start your own business.
• Nationally Recognised Qualification – Earn a qualification recognised across Australia, meeting the requirements for accounting roles and registration as a tax agent.

Secure Your Future in Accounting

The FNS50222 Diploma of Accounting gives you the skills and confidence to take on more challenging roles and contribute to the financial success of businesses.

For more information fill our form or call us on +61 1300 783 283 and take the first step towards a successful career in accounting and bookkeeping.

FNS50222 Diploma of Accounting

Course Description

This qualification reflects accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers and employees performing a range of accounting tasks for organisations in a range of industries. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources, They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.

Licencing, legislative, regulatory or certifications considerations 

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.

This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly.

More information on the Tax Practitioners Board registration requirements can be found here.

Study Mode

Self-paced completed online in your own time, at your own pace.

This course is delivered using an asynchronous study methodology, utilising mainly online delivery (eLearning) of learning materials and assessment resources.

We provide our students ongoing support throughout the course duration via telephone, emails and/or virtual online meetings, on request.

Flexible Duration

Up to 12 months – Can be extended up to and no longer than 3 months depending on course progression.

Study Load

Self-Paced – Completion of one unit per month is recommended to ensure ongoing progression and completion within the course duration.

Start Date

Start anytime

Course Units

This qualification consists of 11 units (7 core units and 4 elective units).

Course Completion/Pathways

Students obtaining a ‘competent’ result for all units of competency will achieve the FNS50222 Diploma of Accounting  certificate.

A Statement of Attainment will be issued to students who complete less than the required units for the full qualification.

*Note: Australian College does not guarantee successful completion of the course nor guarantees a particular employment outcome on completion of the qualification.’

Graduates may choose to further their study through enrolment in the BSB50820 Diploma of Project Management or the BSB50120 Diploma of Business.

Career Opportunities

Students completing this qualification can aspire to work in a position of accountant, accounts payable/receivable clerk, payroll officer, budget analyst, audit assistant, assistant accountant.

Prior to commencing this qualification an individual must have completed the following units of competency (or equivalent):

• FNSACC321 Process financial transactions and extract interim reports
• FNSACC322 Administer subsidiary accounts and ledgers
• FNSACC418 Work effectively in the accounting and bookkeeping industry
• FNSACC421 Prepare financial reports (this unit is the equivalent version of  BSBFIA401 Prepare financial reports)

These competencies may have been achieved through completion of the following (or their equivalent):

• FNSSS00014 Accounting Principles Skill Set OR
• FNS40222 Certificate IV in Accounting and Bookkeeping

In addition to the above, Australian College has certain admission criteria for this course. Prospective students must:

• be minimum 17 years of age or older at the time of enrolment. Parental consent is required from all students under the age of 18 years
• complete a language, literacy and numeracy test prior to enrolment
• have access to a real accounting and bookkeeping work environment
• depending on the unit, students may be required to interact with actual or simulated team members, clients and staff and may be required to participate in audio/video-recorded role-plays with others
• obtain their Unique Student Identifier (USI) and provide it to Australian College. Information on how to obtain a USI can be found here.
• agree to comply with Australian College policies and procedures as published on the website and outlined in the Student Handbook.
• pay all fees as outlined in the Enrolment Terms and Conditions.

Students must have access to and be able to operate:

• An internet-enabled PC/Laptop or similar running a current operating system (e.g. Windows 10 or Mac OSX)
• An audio/video recording device (such as a mobile phone) for the purpose of preparing audio/video assessment recordings
• Microsoft Office (or compatible software)
• Current web browser (e.g., Chrome)
• Adobe Acrobat Reader or another PDF document viewer
• Valid email address

As part of this course, students will need to access the MYOB Student Edition software. Students can sign up for 6 months free access on their website here.

If students are using the MYOB software we recommend to purchase a MYOB text book such as: MYOB v19.12 AccountRight Pl by Greg Pazmandy 1st Edition (January, 2018) ISBN 978-1-76073-026-0 available to be purchased here: https://lnonline.com.au/products/2018-myob-v19-12-accountright-plus-1

Note: These resources will have to be organised/purchased by the student. 

Overseas Students Policy

This course is not available to students on an Overseas Student Visa.

As defined in the ESOS Act 2000, Overseas students are not eligible to apply to enrol in this nationally recognised course, nor are they eligible for certification. Please refer to the Enrolment Terms and Conditions.

This course is delivered using an asynchronous study methodology, utilising mainly online delivery (eLearning) of training materials supported with emails and phone calls with the trainer and assessor, on request.

Self-paced completed online in your own time, at your own pace. We provide our students ongoing support throughout the course duration via telephone, emails and/or virtual online meetings. It is recommended that students have access to a real accounting work environment to be able to practice their skills while learning and completing assessment tasks which may require accounting specific equipment and software.

*Note: It is the student’s responsibility to organise their own access to a real work specific environment for the course.

Assessments

To ensure we gather all types of evidence as required by the training package and unit requirements, various assessment methods are being used to assess the student’s competencies.

Following are assessment methods used for this qualification:

• Knowledge/Theory based assessment consisting of questions and answers
• Case Studies – includes analysis of case studies and answering questions
• Projects – depending on the unit, projects may have to be completed in a simulated environment or in a real workplace
• Workplace practical activities and observations
• Third Party Reports
• Portfolio Builder

Please note that some of the practical activities must be demonstrated in a simulated work environment and will have to be video recorded and submitted via Australian College LMS for marking.

RPL and Credit Transfer is available for all students to consider. Students will be provided with information about RPL and Credit Transfer prior to enrolment. Australian College will recognise the AQF qualifications and statements of attainment issued by other RTO’s, upon verification with the issuing organisation.

For more information on RPL and Credit Transfer email us at [email protected] 

Course Fees – $4,500

PAYMENT OPTION 1 – $1,500 on enrolment, $1,500 on week 2, $1,500 on week 3
PAYMENT OPTION 2 – $450 deposit, then $90 weekly (for 50 weeks) = $4,950
PAYMENT OPTION 3 – Zip Money or customise your own payment plan