FNS50217 Diploma of Accounting
FNS50217 Diploma of Accounting
Thіѕ ԛuаlіfісаtіоn (FNS50217 Diploma of Accounting) rеflесtѕ рrоfеѕѕіоnаl ассоuntіng job roles in financial services аnd other industries. Indіvіduаlѕ іn thеѕе roles аррlу solutions to a rаngе оf often соmрlеx problems, аnd аnаlуzе and evaluate іnfоrmаtіоn frоm a vаrіеtу оf sources. They аррlу іnіtіаtіvе to plan, coordinate аnd еvаluаtе thеіr own wоrk аnd guіdаnсе tо оthеrѕ wіthіn dеfіnеd guіdеlіnеѕ.
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
This (FNS50217 Diploma of Accounting) qualification includes units that comprise an approved Tax
Practitioner Board (TPB) course in Australian taxation law and commercial law. Persons seeking registration with the TPB should check current registration requirements with the Board.rеԛuіrеmеntѕ wіth thе Board.
This( FNS50217 Diploma of Accounting) course is nationally recognised under the Australian Qualifications Framework (AQF).
Formal entry requirements have been re-introduced for this new revised qualification. Those entry requirements include, completion of the following six units, or their equivalent, which constitute the requirements for the FNSSS00014 Accounting Principles Skill Set:
- Completion of the FNSSS00014 Accounting Principles Skill Set[Begin removed text]
Completion of FNS40615 Certificate IV in Accounting or equivalent;
Completion of FNS40215 Certificate IV in Bookkeeping or equivalent.
ACSE also sets a number of its own entry requirements.
Clients must demonstrate Language, Literacy and Numeracy skills in line with AQF qualification level demands and ACSF skill level. Each client will undergo an LLN assessment during the application process.
Learning (ACSF Level 4), reading (ACSF Level 4), writing (ACSF Level 4), oral communication (ACSF Level 3) and numeracy (ACSF Level 4) are desirable to participate in the course. ACSE administers an LLN test based on the desirable ACSF levels.
Training Package Requirements: BSBFIA401 Prepare financial reports must be completed prior to commencing FNSACC514 Prepare financial reports for corporate entities.
Clients must also have access to:
▪ A PC or equivalent capable of processing and operating MYOB
▪ Internet connection
▪A copy of MYOB and MS Office with MS Excel
You will need access to a computer and the internet to complete this course.
Once enrolled, you will be emailed your login details to the learning management system. You can then access your course materials immediately.
The following is a complete list of the software and hardware you will require:
- Broadband Internet Connection
- Internet Explorer version 11, Mozilla Firefox, Chrome
- Microsoft Office 2010 or later (MS Word and MS Excel minimum)
- MYOB – student copy available online for $15 at https://www.myob.com/au/accounting-software/student-edition for $15
- Adobe Reader or equivalent
- You will also need access to a phone, printer, photocopier and scanner
- Adobe Flash Player 10 or higher
- Camera (Optional)
- Skype or Google Hangouts (Optional)
The FNS50217 Diploma of Accounting, is delivered completely via supported distance learning, using an e-learning platform built into our Student Management System. Students will receive a unique student login at enrolment and be able to access all learning and assessment materials through the Student Portal.
The qualification is also available by recognition for those candidates who may have extensive experience in the industry or relevant disciplines and/or a combination if formal and informal training. A general benchmark for Diploma level recognition of workplace skills, is 5 years in the industry in question.
- Online learning – Self Paced: Your training program is delivered via online self-paced learning. Candidates are guided through the program with the assistance of step by step learning materials, and online support from an ACSE trainer/assessor. You will have regular submission dates for assessment, which will be clearly defined in the Schedule of Training provided at enrolment.
- Recognition of Prior Learning (RPL): A formal online process for recognising existing skills and knowledge both formal and informal and work experience. RPL takes into account previous studies you may have completed, as well as life and work skills. You may be granted credits or exemptions for some units in this course based on the evidence you can provide.
- Online learning – Self Paced: As the course is online and self-paced, completion rates may vary depending on a clients commitment to study per week and/or previous or current skill level and experience. In general however, learners will be given 12 months to complete the program and should aim to complete one unit per month.
An extension of a further 12 months can be granted if extenuating circumstances permit and/or at the discretion of the RTO Manager.
Recommended hrs of study is 20 to 25 hrs per week. Where the learner cohort consists of new entrants or inexperienced workers, they may require a longer time-frame of 35 hrs or more per week.
- RPL: As RPL is an evidence based approach, the timeline for completion is completely at the discretion of the candidate. Once you have decided on this assessment pathway and have received your RPL kit and information and had an initial interview with a trainer/assessor, the timeline is controlled by you. The sooner you gather evidence to meet the assessment criteria and/or complete any identified gap training, the sooner a qualification outcome can be determined and qualification issued.
Total number of units = 11
- 6 core units
- 5 elective units, of which:
- All 5 electives may be chosen from those in the qualification package; or
- Up to 2 units may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course, provided they do not duplicate the outcome of another unit chosen for the qualification.
The elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment, and contribute to a valid industry-supported vocational outcome.
Units of Competency
- FNSACC511 Provide financial and business performance information
- FNSACC512 Prepare tax documentation for individuals**
- FNSACC513 Manage budgets and forecasts
- FNSACC514* Prepare financial reports for corporate entities
- FNSACC516 Implement and maintain internal control procedures
- FNSACC517 Provide management accounting information
- FNSACC601 Prepare and administer tax documentation for legal entities
- FNSACC607 Evaluate business performance
- FNSINC602 Interpret and use financial statistics and tools
- BSBITU402 Develop and use complex spreadsheet
- FNSTPB506 Apply taxation requirements when providing tax (financial) advice services
You will be provided access to learning materials including:
- Learners Guides
- Assessment Workbooks
- Case Studies
- Simulated Work Environment
- Other resources including videos and reference material
- Additional assessment resources
Fees are payable when you receive your confirmation of enrolment and invoice for the enrolment fee. Fees must be paid within 5 days of receiving this notification from ACSE. We may cancel an enrolment or discontinue training if fees are not paid as required. Payment methods include direct deposit, cheque or credit card via Pay Pal.
ACSE as an RTO, in line with fee protection mechanisms for students, is not allowed to collect more then $1000 in one payment from a student.
Our full Fee Schedule and Refund Policy are available at https://www.acse.edu.au/downloads/
As a condition of Enrolment and prior to signing any Enrolment paperwork, we require you to read our Refund Policy in full. This is to ensure you understand your rights with regard to obtaining a refund and any timelines that prescribe whether that can occur or not and the level of refund you may be entitled to.
Please go to https://acse.edu.au/wp-content/uploads/2019/04/Refund-and-Cancellation-Policy.pdf and read the policy in full or request a copy from [email protected]
To successfully complete the course, you will be required to submit a range of formative and summative assessment items at pre-determined intervals where possible. These include:
- Underpinning Knowledge reading and written responses
- Case study reading and written responses
- Journal and Ledger entry workbooks
- Practical projects
- Demonstration or observation (via video submission or digital media, mainly for RPL applicants)
- Presentation (via video submission as an alternative assessment mechanism)
Assessment is used to provide candidates with feedback on their progress and to measure their skills and knowledge against the training qualification requirements.
Assessment timelines will be provided on enrolment as part of your enrolment information package.
Candidates successfully completing all units of the program, will receive a Diploma for the nationally recognised qualification FNS50217 Diploma of Accounting.
Candidates who partially complete the course will receive a Statement of Attainment toward FNS50217 Diploma of Accounting, only for the units of competency that they have completed.
Students who complete their Diploma in Accounting may become membership of
- Industry Free membership with the Institute of Financial Accountants (IFA)
- Associate membership with the Institute of Professional Accountants Australia
Typically, graduates with FNS50217 Diploma of Accounting, will be able to apply for the following roles:
- Senior Accountant
- Public Accountant
- Corporate Accountant
- Certified Public Accountant
- Financial Auditor
- Accounting Manager
- Accounts Supervisor
This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law. Persons seeking registration with the TPB should check current registration requirements with the Board.
A further learning pathway utilising qualifications such as FNS60217 Advanced Diploma of Accountinghttps://training.gov.au/Training/Details/FNS60217 , would support career progression.
This qualification may assist with matriculation and fulfil higher education admission criteria for University. It may also provide a degree of Advanced Standing in higher education programs.
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- Skill level All levels
- Language English
- Students 0
- Assessments Yes