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Advanced Diploma of Accounting FNS60217
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Overview

This professional course 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 course will be ready to embark on, or continue with, successful careers in both the private and public sectors.

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 FNS60217

Course No:

 AD-BT12

Campus:

 CIT Reid 

Duration:

 1 semester full-time (20.5 hours) face-to-face classes per week plus up to 25 hours per week of self-directed study, project and assignment work.

This qualification is part of a suite of courses that includes the Certificate III in Accounts Administration, Certificate IV in Accounting and Bookkeeping, 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 courses.

Cost Info:

The 2022 Semester 2 enrolment fees for this course are based on the costs per subject as indicated below. The total course cost may vary depending on the choice of elective subjects or if subjects are attempted more than once. Subject costs identified as Standard are partially subsidised by the ACT Government. Concessions may be available to eligible students.

Indicative Cost:

 $1,848

Likely Job Outcome:

 Professional accountant, banker, tax agent, financial manager, consulting and strategic business planning, small business advisor

Application Type:

 Standard
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Timetable Information

To help with the enrolment process print your timetable, or keep the window open, so that you can refer back to it for your course code, course name, and the Course Reference Numbers (CRNs).

Additional Information

Watch our online information session to find out more.

Students will participate in work placement for this qualification.

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/

Textbooks are required for most subjects.

Skills Recognition

Entry Requirements

Completion of both FNSSS00014 Accounting Principles Skill Set and FNSSS00015 Advanced Accounting Principles Skill Set; OR
Completion of FNS50215 Diploma of Accounting; OR

Completion of FNS50217 Diploma of Accounting.

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

Further Study

Completion of this qualification may provide you with credit towards a Bachelor degree in a related course. CIT maintains relationships with a number of local and regional universities such as ANU, UC, ACU and CSU. Credit arrangements are subject to change. For the most up-to-date information, contact the university directly.

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 course of study, numeracy skills to successfully complete this course. 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 course. Please visit Foundation Skills.

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 14 subjects

Core: Complete all 3

  • FNSACC624   Monitor corporate governance activities
    • CIT Code: ACCT443
      Cost: Standard $132.00
      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 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 Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil
  • FNSINC601   Apply economic principles to work in the financial services industry
    • CIT Code: ACCT375
      Cost: Standard $132.00
      Description: 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. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • FNSINC602   Interpret and use financial statistics and tools
    • CIT Code: ACCT376
      Cost: Standard $132.00
      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. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil

Electives: Complete 11

  • FNSACC601   Prepare and administer tax documentation for legal entities
    • CIT Code: ACCT268
      Cost: Standard $176.00
      Description: This unit describes the skills and knowledge required to identify taxation requirements for complex lodgements and returns for legal entities. It involves gathering, analysing and processing taxation related data to prepare tax documentation, and to review and apply compliance requirements. It applies to individuals who use specialised knowledge and systematic approaches and who 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: FNSACC502 Prepare tax documentation for individuals
      FNSACC512 Prepare tax documentation for individuals
  • FNSACC608   Evaluate organisation's financial performance
    • CIT Code: ACCT425
      Cost: Standard $132.00
      Description: This unit describes the skills and knowledge required to evaluate returns to operations, determine short-term and long-term needs, and evaluate an organisation's financial position and performance. It applies to experienced individuals who use specialised knowledge and skills to evaluate complex financial information and make recommendations relevant to strategic organisational activity. 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: FNSACC501 Provide financial and business performance information
      FNSACC511 Provide financial and business performance information
  • FNSTPB503   Apply legal principles in contract and consumer law
    • CIT Code: LEGL215
      Cost: Standard $132.00
      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
  • FNSTPB504   Apply legal principles in corporations and trust law
    • CIT Code: ACCT416
      Cost: Standard $132.00
      Description: This unit describes the skills and knowledge required to research and analyse legal principles and issues in corporations and trust law matters and then apply this knowledge to provide advice to clients. It applies to individuals who work with corporations and trust laws in the workplace as determined by the job role, legislation, rules, regulations and codes of practice relevant to different jurisdictions. 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
  • FNSTPB505   Apply legal principles in property law
    • CIT Code: ACCT417
      Cost: Standard $132.00
      Description: This unit describes the skills and knowledge required to research, analyse and apply legal principles to provide advice on property law matters to clients. It applies to individuals whose job role involves the application of knowledge of property 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
  • BSBWOR501   Manage personal work priorities and professional development
    • CIT Code: MGNT389
      Cost: Standard $153.00
      Description: This unit describes the skills and knowledge required to create systems and process to organise information and prioritise tasks. It applies to individuals working in managerial positions who have excellent organisational skills. The work ethic of individuals in this role has a significant impact on the work culture and patterns of behaviour of others as managers at this level are role models in their work environment. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • FNSACC408   Work effectively in the accounting and bookkeeping industry
    • CIT Code: ACCT446
      Cost: Standard $88.00
      Description: This unit describes the skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.It applies to individuals who occupy roles with some responsibility and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting industry.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
      Prerequisites: Nil
  • BSBFIA401   Prepare financial reports
    • CIT Code: ACCT230
      Cost: Standard $110.00
      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. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • BSBITU402   Develop and use complex spreadsheets
    • CIT Code: COMP222
      Cost: Standard $110.00
      Description: This unit describes the skills and knowledge required to use spreadsheet software to complete business tasks and produce complex documents. It applies to individuals employed in a range of work environments who require skills in creation of complex spreadsheets to store and retrieve data. They may work as individuals providing administrative support within an enterprise, or may be independently responsible for designing and working with spreadsheets relevant to their own work roles. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • BSBWRT401   Write complex documents
    • CIT Code: COMM344
      Cost: Standard $110.00
      Description: This unit describes the skills and knowledge required to plan documents, draft text, prepare final text and produce documents of some complexity. It applies to individuals who work in a range of business environments and are skilled in the creation of reports, information and general promotion documents that are more complex than basic correspondence, memos or forms and that require review and analysis of a range of information sources. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil
  • BSBITU401   Design and develop complex text documents
    • CIT Code: COMP360
      Cost: Standard $220.00
      Description: This unit describes the skills and knowledge required to design and develop business documents using complex technical features of word processing software. It applies to individuals who work in a range of business environments and have skills which may be applied in the provision of administrative support within an enterprise, or by technical/knowledge experts responsible for producing their own word processed documents. No licensing, legislative or certification requirements apply to this unit at the time of publication.
      Prerequisites: Nil

Related Courses

Diploma Accounting FNS50217
Certificate IV Accounting and Bookkeeping FNS40217
Certificate III Accounts Administration FNS30317
Statement Attainment Accounting Fundamentals
Statement Attainment Preparing to Work in Government
Statement Attainment Advanced Accounting Principles Skill Set FNSSS00015
Statement Attainment Accounting Principles Skill Set FNSSS00014
Statement Attainment Commercial Law for Tax Agents Skill Set FNSSS00005
Statement Attainment BAS Agent Registration Skill Set FNSSS00004
Statement Attainment Tax Law for Tax Agents Skill Set (Tax documentation) FNSSS00008

More Information

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