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Advanced Diploma of Accounting FNS60215

Overview

This professional program will prepare you to perform advanced accounting roles. It provides high level training with work-ready skills to give you the edge in the workforce. This qualification is highly respected by the business, banking and financial communities because it combines hands-on training with comprehensive theoretical knowledge. Graduates from this program will be ready to embark on, or continue with, successful careers in both the private and public sectors. The Advanced Diploma fast-tracks you to the Bachelor of Business degree - a Charles Sturt University (CSU) qualification jointly delivered and completed in one year full-time by CIT and CSU at CIT's Reid campus.

This qualification includes units that are recognised by the Tax Practitioners Board. Students seeking Tax Agent registration should obtain advice from the Tax Practitioners Board http://www.tpb.gov.au/

Qualification: Advanced Diploma of Accounting FNS60215
Program No: AD-BT05
Campus: CIT Reid 
Duration: 1 semester full-time (18 hours) face-to-face classes per week plus up to 18 hours per week of online study and independent learning OR part-time equivalent.

This qualification is part of a suite of programs that includes the Certificate III in Accounts Administration, Certificate IV in Accounting, the Diploma of Accounting and the Advanced Diploma of Accounting. Lower level qualifications or equivalent skills and knowledge are required for successful completion of higher level programs.
Likely Job Outcome: Professional accountant, banker, tax agent, financial manager, consulting and strategic business planning, small business advisor.
Application Type: Public
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Additional Information

Students seeking Tax Agent registration should obtain advice from the Tax Practitioners Board http://www.tpb.gov.au/ before selecting electives.

Entry Requirements / How to Apply

For success in this program it is recommended that you have a Diploma of Accounting or can demonstrate equivalent skills and knowledge. This will also ensure that you meet pre-requisite requirements for subjects in this program.

You may be asked to attend an interview to present details of your study and work experience.

WarningIMPORTANT
Before you apply/enrol

To study any course at CIT (excluding degrees and non-accredited training) you must have a Unique Student Identifier (USI). This includes new students and re-enrolling students.

If you don't have a USI that's ok, you can apply right now. It only takes two minutes, just go to usi.gov.au

Already have one? Great! Verify it in our student administration system now so your enrolment or graduation isn't delayed. (New CIT students will not be able to do this until they have been given their CIT number which will be given to you when you apply to study most CIT courses).

  1. Login to CIT Self Service
  2. Click on the link for USI
  3. Verify your USI

It's important that your first name, surname and date of birth in our student system match the ID you use to create your USI (eg if you are Christopher in USI database and Chris at CIT your USI will not verify).

If you need assistance you can go to Unique Student Identifier (USI), drop in to any CIT Library or CITSA office or contact CIT Student Services on 6207 3188.

Literacy Skills Information

We suggest that you will need Australian Core Skills Framework literacy levels of at least 3 across reading, writing, learning, oral communication and, depending on your program of study, numeracy skills to successfully complete this program. See below to check your literacy skills. If you do not have this level, you can still enrol and seek support to improve your skills or you may prefer to begin with the lower level program. Please visit Education and Community or phone (02) 6207 4872 to have a chat to one of our teachers.

Transition Information

Qualifications at CIT are regularly updated or replaced to meet current industry needs and maximise your employment opportunities. If this occurs while you are part way through a qualification, you may need to vary your learning to meet the new national requirements. CIT will aim to make this as smooth as possible for you.

Subject Cancellations/Changes

To ensure positive outcomes for all students, CIT may need to cancel or change classes at short notice. CIT will make every effort to inform students as soon as changes are made and will also make every effort to offer alternative arrangements for students to meet the requirements of the subject and complete their qualification. In an unfortunate instance when this cannot be met, you will receive a full refund. Please ensure you maintain current contact details via CIT Self Service or by contacting CIT Student Services at infoline@cit.edu.au.


Subject Information

Complete all 14 subjects

You may have completed some of these subjects in other accounting programs. You do not need to re-enrol into these subjects.   If studied at CIT, results will automatically recount for this qualification; otherwise, please seek recognition.

  • FNSACC604  Monitor corporate governance activities
    • CIT Code: ACCT270
      Cost: $120.00
      Description: This unit describes the skills and knowledge required to research corporate governance reporting trends, examine corporate governance standards and practices, and review compliance to develop and implement processes and procedures for meeting corporate governance obligations. It applies to individuals who use and maintain current and specialised knowledge and analytical skills to provide advice on organisational processes to meet compliance and management requirements.
      Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
  • FNSINC601  Apply economic principles to work in the financial services industry
    • CIT Code: ACCT375
      Cost: $120.00
      Description:

      This unit describes the performance outcomes, 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.

      Prerequisites: Nil
  • FNSINC602  Interpret and use financial statistics and tools
    • CIT Code: ACCT376
      Cost: $120.00
      Description:

      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.

      Prerequisites: Nil
  • BSBFIA401  Prepare financial reports
    • CIT Code: ACCT230
      Cost: $100.00
      Description:

      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.

      Prerequisites: Nil
  • FNSACC301  Process financial transactions and extract interim reports
    • CIT Code: ACCT361
      Cost: $120.00
      Description: 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.
      Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
  • FNSACC501  Provide financial and business performance information
    • CIT Code: ACCT267
      Cost: $120.00
      Description:

      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.
      Work functions in the occupational areas where this unit 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.

      Prerequisites: Nil
  • FNSACC502  Prepare tax documentation for individuals
    • CIT Code: ACCT189
      Cost: $160.00
      Description:

      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.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

      Prerequisites: Nil
  • FNSACC504  Prepare financial reports for corporate entities
    • CIT Code: ACCT423
      Cost: $140.00
      Description: 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.
      Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT230 BSBFIA401 Prepare financial reports
      ACCT361 FNSACC301 Process financial transactions and extract interim reports
  • FNSACC506  Implement and maintain internal control procedures
    • CIT Code: ACCT193
      Cost: $80.00
      Description: 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.
      Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
  • FNSACC507  Provide management accounting information
    • CIT Code: ACCT277
      Cost: $120.00
      Description: 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.
      Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
  • FNSACC602  Audit and report on financial systems and records
    • CIT Code: ACCT269
      Cost: $80.00
      Description: This unit describes the skills and knowledge required to supervise an audit of financial systems and prepare the appropriate reports, including assessing options, identifying information sources, determining audit strategies, monitoring progress, reviewing data, verifying financial statements and determining appropriate reporting formats. It applies to experienced individuals who use specialised knowledge and systematic approaches to analyse and evaluate financial information against specified criteria and compliance requirements.
      Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT193 FNSACC506 Implement and maintain internal control procedures
  • FNSTPB503  Apply legal principles in consumer and contract law
    • CIT Code: LEGL215
      Cost: $120.00
      Description: This unit describes the skills and knowledge required to research, analyse and apply legal principles to provide advice on contract and consumer law implications to clients. It applies to individuals whose job role involves the application of knowledge of contract and consumer law in the workplace.
      Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
  • Advanced taxation law
    • CIT Code: ACCT406
      Cost: $160.00
      Description:

      The purpose of this subject is to provide students with the skills and knowledge to enable them to comply with the taxation and corporate legislative requirements necessary to provide tax law advice to clients and prepare complex business tax information and returns for clients. The subject provides students with such skills and knowledge via study of a broad range of business entities and trusts together with the ethical standards required.

      This subject achieves the following national units of competency - ACCT 268 FNSACC601 Prepare and administer tax documentation for legal entities

      Prerequisites: ACCT189 FNSACC502 Prepare tax documentation for individuals
      ACCT189 FNSACC502B Prepare legally compliant tax returns for individuals
  • Law of corporations and trusts
    • CIT Code: ACCT415
      Cost: $120.00
      Description:

      The purpose of this subject is to enable participants to develop skills and knowledge of principles in corporation and trust law matters so that they can adhere to the statutory and regulatory requirements of corporate activities in the financial services industry.

      This subject achieves the following national units of competency — ACCT 416 FNSTPB504 Apply legal principles in corporations and trusts law

      Prerequisites: Nil

Related Courses

Diploma Accounting FNS50215
Certificate IV Bookkeeping FNS40215
Certificate IV Accounting FNS40615
Certificate III Accounts Administration FNS30315
Statement Attainment Tax Law for Tax Agents Skill Set (Tax documentation) FNSSS00008
Statement Attainment BAS Agent Registration Skill Set FNSSS00004
Statement Attainment Commercial Law for Tax Agents Skill Set FNSSS00005
Statement Attainment training Bookkeeping using MYOB [extract from BSB30415]
Non-Accredited Training Accounts for Trades

More Information

For more information about this course please contact CIT Student Services on (02) 6207 3188 or email infoline@cit.edu.au