FNS50217 – Diploma of Accounting

FNS50217 – Diploma of Accounting

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. Licensing/Regulatory Information  Work functions in the occupational areas where this qualification 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 requirements. This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly. This qualification, or any of the competencies in this course, does not provide an automatic right to work as an accountant, BAS agent or any other financial service provider. Appropriate registration/license from the relevant authorities must be obtained. Note:- Due to COVID - 19, all classes at Blue Lotus College are being delivered 100 % Virtual class effective from Tuesday 24th March 2020 via Microsoft Teams. We will closely monitor the situation and notify the date for the face to face delivery to be resumed.
VET National Code
FNS50217
CRICOS Course Code
0100534
Duration
52 Weeks (incl. holidays and breaks)
Delivery Mode
Face to Face, on-campus
Tuition Fee
AU $11,500
Enrolment Fee
AU $200
Material Fee
AU $300
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For International and Local Students: Academic requirements Satisfactory completion of the equivalent of an Australian Year 12 or Certificate IV or higher conducted in English Entry requirements as listed in the Training Package (prerequisite):
  • Completion of the FNSSS00014 Accounting Principles Skill Set; OR
  • Completion of FNS40615 Certificate IV in Accounting or equivalent; OR
  • Completion of FNS40215 Certificate IV in Bookkeeping or equivalent.
Age requirements: Be at least eighteen (18) year of age on enrolment date Language, Literacy and Numeracy test (LLN) Satisfactory LLN levels - at least Year 12 English and Maths All students are required to undertake a language, literacy and numeracy (LLN) test mapped at ACSF level 5 conducted by Blue Lotus College (BLC). Candidate undertaking this course must possess sound Numeracy skills since it requires them to do calculations, make reports and graphs.  Pre-training Review All student will undertake pre-training review which aims to identify their training needs through questions on previous education or training, basic computing skills and interview conducted by BLC enrolment officer. Interview also aims to identify possible RPL opportunities. Through pre-training review student will demonstrate that they have necessary skills to successfully complete the course. English language requirements (International Students) To enrol into this course with BLC, international students, applying either off-shore or on-shore, must satisfy one of the following requirements: I.         Either a minimum IELTS (General) test score of 5.5 or equivalent for direct entry into a VET course; or, IELTS score of 5.0 or equivalent with and ELICOS course (up to 20 weeks) to be taken before the main VET course. or, IELTS score of 4.5 or equivalent with an ELICOS course (up to 30 weeks) to be taken before the main VET course. Results more than two years are not acceptable. OR II.         Evidence that they have studied in English for at least five years in Australia, Canada, New Zealand, Republic of Ireland, South Africa, United Kingdom or United States. OR III.         Evidence that, within two years of their application date, they have successfully completed in Australia a foundation course or a senior secondary certificate of education or a substantial part of a Certificate IV or higher level qualification, from the Australian Qualifications Framework. OR IV.       Successful completion of Language, Literacy and Numeracy Test conducted by BLC. Basic computing skills Student are required to have basic computer skills including operating MS-word and doing research on internet since course will require student to make reports in MS word, Excel, power point presentation and operating accounting software e.g. Xero or MYOB Materials and Equipment Required Although Blue Lotus will provide access to computers/laptops with required resources during classroom hours however to work on assignments and tasks for self-study, all learners are expected to bring a laptop with the Windows 7 operating system or higher. Students must have an active email address for communication and be contactable by phone (mobile or landline) and by mail (postal address). All learners are expected to have access to MS office application such as Microsoft Word, an email platform such as Microsoft.
 
Students who complete this course will typically be able to perform professional accounting job roles in financial services and other industries e.g. as Tax agent if completed other law units required to meet TPB requirements, accounts payable team leader or payroll team leader etc. BLC does not do any misleading claim or job guarantee or advertise any employment outcome with its courses.
Students will need to complete total 11 Units which includes 6 core unit and 5 elective units of competency to attain the qualification.
Unit Code Unit Title
Core Units
1 FNSACC516 Implement and maintain internal control procedures
2 FNSACC517 Provide management accounting information
3 FNSACC514 Prepare financial reports for corporate entities*
4 FNSACC511 Provide financial and business performance information
5 FNSACC512 Prepare tax documentation for individuals1
6 FNSACC513 Manage budgets and forecasts
Elective Units
7 FNSORG506 Prepare financial forecasts and projections
8 FNSINC601 Apply economic principles to work in the financial services industry
9 FNSINC602 Interpret and use financial statistics and tools
10 FNSACC607 Evaluate business performance*
11 FNSACC601 Prepare and administer tax documentation for legal entities*1
1 Unit included in the Tax Practitioners Board approved course in Australian taxation law: FNSSS00008 Taxation Law for Tax Agents Skill Set (Tax documentation)
Unit in this qualification Prerequisite unit
FNSACC514 Prepare financial reports for corporate entities BSBFIA401 Prepare financial reports
FNSACC311 Process financial transactions and extract interim reports
FNSACC607 Evaluate business performance FNSACC501/FNSACC511 Provide financial and business performance information
FNSACC601 Prepare and administer tax documentation for legal entities FNSACC502/FNSACC512 Prepare tax documentation for individuals