Overview
This qualification reflects professional accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers, and employees performing a range of accounting tasks for organisations in a range of 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 provide guidance to others within defined guidelines.
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: Qualification: |
Diploma of Accounting FNS50217 |
Program No: Program No: |
DP-BT12 |
Campus: Campus: |
CIT Reid |
Duration: Duration: |
1 semester full-time (19 hours) face-to-face classes per week plus up to 22 hours per week of self-directed study, project and assignment work 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 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 programs. |
Cost Info: Cost Info: |
The 2020 Semester 1 enrolment fees for this course are based on the costs per subject as indicated below. The total program 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.
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Indicative Cost: Indicative Cost: |
$1,312 |
Likely Job Outcome: Likely Job Outcome: |
Assistant accountant, budget officers, office managers, administration managers. |
Enrolment Type: Enrolment Type: |
Standard |
| Share: |
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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 (program) code, course (program) name, and the Course Reference Numbers (CRNs).
Additional Information
This program will lead into the Advanced Diploma of Accounting.
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/
Entry Requirements / How to Enrol
Completion of :
FNSSS00014 Accounting Principles Skill Set OR
The Certificate IV in Accounting FNS40615 OR
The Certificate IV in Accounting and Bookkeeping FNS40617.
To study any course at CIT (excluding degrees and non-accredited training) you must have a Unique Student Identifier (USI).
Further Study
University of Canberra
Bachelor of Business Administration
Bachelor of Commerce
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. 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 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 11 subjects
Core: Complete all 6
- FNSACC511 Provide financial and business performance information
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| CIT Code: | ACCT437 |
| Cost: | Standard $132.00
|
| Description: |
This unit describes the skills and knowledge required to analyse and
report on a broad range of financial and business performance
information. It encompasses assessing client needs, analysing data, and
preparing advice.It applies to individuals who, in line with their level
of authority, use 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 Financial
Services Training Package Companion Volume Implementation Guide or the
relevant regulator for specific guidance on regulatory requirements. |
| Prerequisites: | Nil |
- FNSACC512 Prepare tax documentation for individuals
-
| CIT Code: | ACCT438 |
| Cost: | Standard $176.00
|
| Description: |
This unit describes the skills and knowledge required to prepare
non-complex income tax returns for individuals in line with statutory
requirements. It 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 the education requirements
of the Tax Practitioner Board (TPB). Refer to the FNS Financial Services
Training Package Companion Volume Implementation Guide or the relevant
regulator for specific guidance on regulatory requirements. |
| Prerequisites: | Nil |
- FNSACC513 Manage budgets and forecasts
-
| CIT Code: | ACCT439 |
| Cost: | Standard $88.00
|
| Description: |
This unit describes the skills and knowledge required to prepare,
document, and manage budgets and forecasts. It 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. |
| Prerequisites: | Nil |
- FNSACC514 Prepare financial reports for corporate entities
-
| CIT Code: | ACCT440 |
| Cost: | Standard $154.00
|
| Description: |
This unit describes the skills and knowledge required to prepare
financial reports for a corporate reporting entity. It 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 Financial Services Training Package Companion Volume
Implementation Guide or the relevant regulator for specific guidance on
regulatory requirements. |
| Prerequisites: | BSBFIA401 Prepare financial reports
FNSACC311 Process financial transactions and extract interim reports
|
- FNSACC516 Implement and maintain internal control procedures
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| CIT Code: | ACCT441 |
| Cost: | Standard $88.00
|
| Description: |
This unit describes the skills and knowledge required to review
corporate governance requirements, implement internal control operating
procedures, and monitor associated policy.It applies to individuals who
use specialised knowledge and analytical skills to ensure organisational
procedures, 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 Financial Services Training
Package Companion Volume Implementation Guide or the relevant regulator
for specific guidance on regulatory requirements. |
| Prerequisites: | Nil |
- FNSACC517 Provide management accounting information
-
| CIT Code: | ACCT442 |
| Cost: | Standard $132.00
|
| Description: |
This unit describes the skills and knowledge required to gather, record
and analyse operating and cost data, prepare budget reports, and review
costing system 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 Financial Services Training Package
Companion Volume Implementation Guide or the relevant regulator for
specific guidance on regulatory requirements. |
| Prerequisites: | Nil |
Electives: Complete 5
- 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 |
- 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 |
- 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 |
- 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 |
Related Courses
More Information
For more information about this course please contact CIT Student Services on (02) 6207 3188 or email infoline@cit.edu.au
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