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Diploma of Accounting FNS50217
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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:

 Diploma of Accounting FNS50217

Program No:

 DP-BT12

Campus:

 CIT Reid 

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:

The 2021 Semester 2 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.

Indicative Cost:

 $1,312

Likely Job Outcome:

 Assistant accountant, budget officers, office managers, administration managers.

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 (program) code, course (program) name, and the Course Reference Numbers (CRNs).

Additional Information

Watch our online information session to find out more.

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/

Skills Recognition

Entry Requirements

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
    • 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
    • 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

Advanced Diploma Accounting FNS60217
Certificate IV Accounting and Bookkeeping FNS40217
Certificate III Accounts Administration FNS30317
Statement Attainment Accounting Principles Skill Set FNSSS00014
Statement Attainment Advanced Accounting Principles Skill Set FNSSS00015
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 Accounting Fundamentals [extract from FNS30317]
Statement Attainment training Bookkeeping using MYOB [extract from BSB30415]

More Information

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