FNS50215 – Diploma of Accounting
CRICOS CODE: 092091G
This course gives you the opportunity to gain employment in the Financial Services industry or other industry in various finance or accounting roles. Upon completing this course, you will gain the skills to complete accounting process for a business with responsibility for financial reporting.
This qualification reflects professional accounting job roles in financial services and other industries.
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. You should refer to the relevant regulator for specific guidance on requirements.
The 11 units of competency in this course will be delivered over a period 78 weeks with 24 weeks holidays, consisting of 3 days per week of classroom based face-to-face learning (20 hours per week) to ensure full competency.
This is equivalent to 1080 hrs of training over a period of one and half years in 9 terms. Each term consists of 6 weeks.
Following 11 units need to be completed. These include 6 cores and 5 electives as per training package requirements:
|Unit Code||Unit Name||Classification|
|FNSACC501||Provide financial and business performance information||Core|
|FNSACC502||Prepare tax documentation for individuals||Core|
|FNSACC503||Manage budgets and forecasts||Core|
|FNSACC504||Prepare financial reports for corporate entities||Core|
|FNSACC506||Implement and maintain internal control procedures||Core|
|FNSACC507||Provide management accounting information||Core|
|FNSACC505||Establish and maintain accounting information systems||Elective|
|BSBITU402||Develop and use complex spreadsheets||Elective|
|BSBLDR402||Lead effective workplace relationships||Elective|
|BSBLDR501||Develop and use emotional intelligence||Elective|
|BSBWOR502||Lead and manage team effectiveness||Elective|
Following are the pre-requisites for the core unit ‘FNSACC504 Prepare financial reports for corporate entities’ in this qualification:
- BSBFIA401 Prepare financial reports
- FNSACC301 Process financial transactions and extract interim reports
The pre-requisites requirements can be met by evidence of equivalent competency through recognition of prior learning (RPL) or statement of attainments or transcript and certificate for FNS40215 – Certificate IV in Accounting or other relevant qualifications with the above mentioned units.
NCCS other enrolment requirements are following:
- Must be over the age of 18 years
- Must have completed a year 10 high school certificate or have relevant work experience
- IELTS score 5.5 or equivalent as per DIBP requirements.
Students will be provided with access to the following resources required to complete the qualification successfully upon enrolment:
- Assessment booklets
- Student Workbooks and Resources
- PPT Slides
- MYOB Software
- Unit of Competency
Assessment is structured throughout the course. If students are unable to achieve competency, additional support is provided through mentoring and access to re-assessment as outlined in our policies and procedures. Assessment requires achievement across all tasks to demonstrate competence and includes:
- Written questioning and Exercises
- Oral questioning
- Case Study analysis
- Written Reports
- Role Play
Recognition of Prior Learning (RPL)
Students with prior learning and work experience can apply for RPL. Students who have completed corresponding units of competency and/or units contained within the packaging rules can apply for Credit Transfer. For more information, see our current policies and procedures at nccs.nsw.edu.au.
Students who complete this qualification can continue their studies by advancing to the FNS60215 Advanced Diploma of Accounting or any other relevant Advanced Diploma level qualification.
Those who wish to use the skills gained in the qualification in the work place can find themselves moving into roles such as
- Accounts payable and receivable
- Tax agent
$200.00 Enrolment Fee (non-refundable)
$9,000.00 Tuition Fee (Paid over 6 instalments)
$300.00 Material Fee (Paid over 6 instalments)
Before enrolment, each student should ensure they meet the following requirements:
- Read and understand the complete student handbook available at nccs.nsw.edu.au
- Read and understand all policies and procedures available as nccs.nsw.edu.au
- Provide the organisation with their USI number. For more information, see https://www.usi.gov.au/students/create-your-usi
- A student may be requiring completing an LLN assessment if deemed necessary by the organisation.