Course Information:

Qualification Name

Diploma of Accounting

Qualification Code

FNS50215

CRICOS Code

088156G

Tuition Duration in weeks (85)

59 Weeks Tuition plus 26 Weeks Holiday

Tuition Fee

$14700

RTO Code

6538

Provider Name

International Institute of Business and Information Technology (IIBIT)

Delivery Location

841 George Street, Sydney NSW 2000 Australia

Level 6, 127 Rundle Mall Adelaide, SA - 5000 Australia

 

Course Description:  

This qualification reflects professional accounting job roles in financial services and other 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 guidance to others within defined guidelines.

 

Course Outcome:

Job roles and title vary across different industry sectors. Possible career outcomes relevant to this qualification include:

  • Introducing and maintaining accounting systems
  • Maintaining internal control systems
  • Preparing financial statements for a reporting entity
  • Preparing tax returns
  • Reporting on business performance
  • Managing small teams
  • Developing business plans
  • Preparing accounting reports for management

 

Admission Criteria:

Diploma and Advanced Diploma

All students must be aged 18 or above and have satisfactorily completed Australian Year 12 or overseas equivalent school qualifications

Students must also meet IIBIT’s standards for English Proficiency. In order to demonstrate possession of adequate English language proficiency, students must provide valid evidence of attainment of at least one of the following:

  • Academic IELTS (International English Language Testing System) overall band score: 5.5
  • TOEFL iBT (Test of English as a Foreign Language Internet-Based test) test score band: 46
  • PTE Academic (Pearson Test of English) test score band: 42
  • CAE (Cambridge English Advanced) test score band: 47
  • OET (Occupational English Test) test score band: Pass
  • TOEFL PBT (Test of English as a Foreign Language Paper-Based Test) test score band: 527
  • An overseas student who has studied in Australia for at least 12 months will be deemed to have required level of language proficiency provided the application is accompanied by proof that he/she has duly completed Certificate IV.
  • Overseas students who are unable to meet any of the above English language proficiency requirements may undertake further study on a NEAS-approved course of English for Academic Purposes designed to raise students English proficiency to an equivalent level to IELTS 5.5. Production of proof of successful completion of such a course will be accepted by IIBIT as meeting the English language proficiency admission requirement.
  • For students who do not have an IELTS Test score or equivalent test score, they can take an English Placement Test to assess whether their English level can meet the requirements of entry into the Diploma course.

 

Preferred Pathways:

Pathway into the qualification

Preferred pathway for the candidates considering this qualification include

  • FNS40615 - Certificate IV in Accounting

or

  • FNS40215 - Certificate IV in Bookkeeping

 

Pathway from the qualification

After achieving the qualification, students can gain a pathway to progress into FNS60215 Advanced Diploma of Accounting or Higher Education.

 

Teaching and Assessment Method:

Teaching methods focus on classroom based face-to-face training, which includes lectures and practical tutorials. Classes are small in size and lecturers focus on individual student needs during the learning process.

The emphasis in assessment is on collection of evidence, holistic assessment against the unit of competency and trainer/assessor judgment. Importance is placed on the integration of areas of theoretical knowledge, practical skills and proper work attitudes.

The following assessment methods are used:

  • Written examinations
  • Written and oral quizzes
  • Simulated workplace activities/scenarios/role plays
  • Projects/assignments/presentations
  • Classroom activities

Learning and assessment generally take place in an integrated classroom and simulated workplace environment.

 

Qualification Structure:

11 competency units are required to attain FNS50215 Diploma of Accounting

6 Core units plus

5 Elective units

We aim to equip our graduates with the necessary skills and knowledge to enable them to successfully satisfy the demands of the workplace.

 

Unit Code

Unit Name

Face-to-face

Online studies

Self-paced hours

1

FNSACC301

Process financial transactions and extract interim reports

75

25

50

2

BSBFIA401

Prepare financial reports

60

20

40

3

FNSACC503

Manage budgets and forecasts

60

20

40

4

FNSACC507

Provide management accounting information

75

25

50

5

FNSBKG404

Carry out business activity and instalment activity statement tasks

135

45

90

6

FNSACC502

Prepare tax documentation for individuals

135

45

90

7

FNSACC506

Implement and maintain internal control procedures

60

20

40

8

FNSINC601

Apply economic principle to work in the financial services industry

75

25

50

9

FNSINC602

Interpret and use financial statistics and tools

75

25

50

10

FNSACC501

Provide financial and business performance information

60

20

40

11

FNSACC504

Prepare financial reports for corporate entities

75

25

50

Total of hours

885

295

590

 

Unit Descriptions

FNSACC301 Process financial transactions and extract interim reports –  This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports.

It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained.

 

BSBFIA401 Prepare financial reports - This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.

It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.

 

FNSACC503 Manage budgets and forecasts – This unit describes the skills and knowledge required to prepare, document and manage budgets and forecasts, and encompasses forecasting estimates and monitoring budgeted outcomes.

It applies to individuals who use specialised knowledge and analytical skills to prepare and manage strategic organisational information.

 

FNSACC507 Provide management accounting information – This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports and review costing systems integrity to calculate and record the costs of products and services.

It applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports.

 

FNSBKG404 Carry out business activity and instalment activity statement tasks - This unit describes the skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS) and other required reports.

It applies to individuals who use a range of organisational and analytical techniques to work within organisations or to supply specific bookkeeping services as a small business owner or contractor.

 

FNSACC502 Prepare tax documentation for individuals – This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in accordance with statutory requirements, and encompasses gathering and verifying data, calculating taxable income and reviewing compliance requirements.

It applies to individuals who use systematic approaches and follow specific guidelines to ensure compliance requirements are met.

 

FNSACC506 Implement and maintain internal control procedures - This unit describes the skills and knowledge required to review corporate governance requirements, implement operating procedures and monitor policy.

It applies to individuals who use specialised knowledge and analytical skills to ensure organisational policy, compliance and quality requirements are met.

 

FNSINC601 Apply economic principle to work in the financial services industry - This unit describes the skills and knowledge required to apply broad principles of financial economics that underpin a range of tasks and functions in the financial services industry. It includes understanding how financial instruments are priced in markets, and techniques and processes government and organisations use to manage financial risk, demonstrating broad knowledge of economic theories and related decision making in a national and organisational economic context.

It applies to individuals who have an understanding of economics and how this impacts on work in the financial services industry. It also underpins other skills required for work in the financial services industry and may be applied in all sectors of the industry.

 

FNSINC602 Interpret and use financial statistics and tools - This unit describes the skills and knowledge required t to access, interpret and analyse statistical data relevant to the financial services industry. It encompasses producing new statistical information and reports from existing data using a range of tools and processes.

It applies to individuals with a thorough understanding of the sources of financial data, and statistical methods and techniques for analysis. It is a base unit on which other skills required for work in the financial services industry can be built. It may be applied in all sectors of the industry.

 

FNSACC501 Provide financial and business performance information - This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information and encompasses assessing clients’ needs, analysing data and preparing advice.

It applies to individuals who, within their level of authority, apply specialised knowledge, systematic approaches and analytical techniques to research and prepare customised information for clients.

 

FNSACC504 Prepare financial reports for corporate entities - This unit describes the skills and knowledge required to prepare financial reports for a reporting entity and encompasses compiling and analysing data and meeting statutory reporting requirements.

It applies to individuals who use specialised knowledge and analytical skills to prepare financial reports that meet specific compliance requirements.