FNS50222 Diploma of Accounting in Australia - Study in Pty Ltd

FNS50222 Diploma of Accounting

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Qualification Name: Diploma of Accounting (Release 3)

Qualification Code: FNS50222

Other Mode: Classroom – Study | Online | RPL | Credit Transfer

Offered By: Affiliated Institutions

This qualification shows expert accounting job functions in economic providers as well as other businesses, such as taxation agents, accounts due and balances receivable officers, payroll agencies, and employees carrying out a selection of bookkeeping tasks for organizations in a variety of industries. Individuals within these roles utilize methods to a range of often complicated troubles and analyze and analyze information and facts from a variety of options.

You can achieve this qualification with the help of Study In Pty Ltd for an excellent experience.

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Why Study FNS50222 Diploma of Accounting?

The FNS50222 Diploma of Accounting is focused on the real world and relevant contexts that make the student highly skilled and be ready by meeting industry benchmark. Going through the program will give the required skills you can use immediately and encourages you to think diversely.

This FNS50217 has become developed by industry specialists and endorsed by sector bodies and can be sure you have the practical knowledge to ‘hit the ground running’ in modest, medium or big organisations across the industry.

Experience alone is no longer efficient; potential employers are looking for evidence of professional proficiency via a current formal qualification.

  1. 1
    Get your Skills Recognised

    The Diploma of Accounting demonstrates job roles within the economic professional services field and related positions in other market sectors. Somebody doing work in this part will apply strategies too often complex problems, and analyze information and facts from diverse sources. The person will use the initiative to plan and synchronize their function and give guidelines for others.

  2. 2
    What Evidence you Need ?

    You should give a scope of proof to help your assessor to settle on a choice about your fitness. The sorts of proof you might be approached to give can incorporate;

    • ID
    • Resume
    • Current employment contracts
    • Letters of reference from licensed tradesmen you have worked with.
    • Videos or photos of your work.
    • Evidence of overseas qualifications.
    • Payslips/work contract/ABN if self-employed
    • Letter of Employment
    • Transcripts or assessments from related previous qualifications.
    • Apprenticeship papers.
    • Financial reports
    • Audit documents
    • Budget documents
    • Tax documentation
    • Transactions and intermit reports
  3. 3
    What are the Potential Job Opportunities?

    For a student, it is crucial to know the occupation he/she will eligible once finish a qualification successfully. If you complete this qualification, you will able to work with this role.

    • Chartered Accountant
    • Chartered Certified Accountant
    • Chartered Management Accountant
    • Chartered Public Finance Accountant
    • Company Secretary
    • External Auditor
    • Forensic Accountant
    • Stockbroker
  4. 4
    Packaging Rules

    Total number of units = 11 

    6 core units  plus

    5 elective  units

    The elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment, and contribute to a valid industry-supported vocational outcome, and are to be chosen as follows:

    • all 5 units may be chosen from the elective units listed below
    • up to 2 units may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course, provided they do not duplicate the outcome of another unit chosen for the qualification.

    Core Units 

    FNSACC511 Provide financial and business performance information

    FNSACC512 Prepare tax documentation for individuals1

    FNSACC513 Manage budgets and forecasts

    FNSACC514 Prepare financial reports for corporate entities*

    FNSACC516 Implement and maintain internal control procedures

    FNSACC517 Provide management accounting information

    Elective Units 

    BSBITU402 Develop and use complex spreadsheets

    BSBLDR402 Lead effective workplace relationships

    FNSACC408 Work effectively in the accounting and bookkeeping industry

    FNSACC505 Establish and maintain accounting information systems

    FNSACC601 Prepare and administer tax documentation for legal entities*1

    FNSACC607 Evaluate business performance*

    FNSFMK505 Comply with financial services legislation and industry codes of practice

    FNSINC503 Identify situations requiring complex ethical decision making

    FNSINC504 Apply ethical frameworks and principles to make and act upon decisions

    FNSINC601 Apply economic principles to work in the financial services industry

    FNSINC602 Interpret and use financial statistics and tools

    FNSORG505 Prepare financial reports to meet statutory requirements

    FNSORG506 Prepare financial forecasts and projections

    FNSPAY501 Process salary packaging arrangements and additional allowances in payroll

    FNSPAY502 Process superannuation payments in payroll

    FNSPAY503 Process complex employee terminations in payroll

    FNSPAY504 Interpret and apply knowledge of industrial regulations relevant to payroll

    FNSPAY505 Interpret and apply knowledge of taxation systems relevant to payroll

    FNSTPB503 Apply legal principles in consumer and contract law2

    FNSTPB504 Apply legal principles in corporations and trust law2

    FNSTPB505 Apply legal principles in property law2

    FNSTPB506 Apply taxation requirements when providing tax (financial) advice services3

    FNSTPB507 Apply legal principles in commercial law when providing tax (financial) advice services3

    *Note the following prerequisite unit requirements:

    Unit in this qualification 

    Prerequisite units 

    FNSACC514 Prepare financial reports for corporate entities

    BSBFIA401 Prepare financial reports

    FNSACC311 Process financial transactions and extract interim reports

    FNSACC601 Prepare and administer tax documentation for legal entities

    FNSACC512 Prepare tax documentation for individuals

    FNSACC607 Evaluate business performance

    FNSACC511 Provide financial and business performance information

    Unit included in the Tax Practitioners Board approved course in Australian taxation law: FNSSS00008 Taxation Law for Tax Agents Skill Set (Tax documentation).

    2 Unit included in the Tax Practitioners Board approved course in commercial law: FNSSS00005 Commercial Law for Tax Agents Skill Set.

    3 Unit included in the Tax Practitioners Board approved course in commercial law for tax (financial) advisers: FNSSS00006 Commercial Law for Tax (Financial) Advisers Skill Set

    Qualification Mapping Information

    Code and title 

    current version 

    Code and title 

    previous version 

    Comments 

    Equivalence status 

    FNS50217 Diploma of Accounting (Release 2)

    FNS50217 Diploma of Accounting (Release 1)

    Update to description of entry requirements. Minor updates to elective unit lst

    Equivalent qualification

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