FNS50222 Diploma of Accounting
This qualification reflects 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, legislative, regulatory or certification considerations
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to 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.
The course is delivered face-to-face in classrooms with access to computer, printers,
software, and access to all the equipment and resources identified in each unit of
For International and Local Students:
Prospective BLC international students are required to demonstrate their capacity to complete the course successfully.
International students applying for this qualification either off-shore or on-shore will need satisfactory completion of the equivalent of Australian Year 12 or equivalent.
Prior to commencing this qualification an individual must have completed the following units of competency (or equivalent).
FNSACC321 Process financial transactions and extract interim reports ;
FNSACC322 Administer subsidiary accounts and ledgers;
FNSACC418 Work effectively in the accounting and bookkeeping industry;
FNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).
These competencies may have been achieved through completion of the following (or their equivalent):
FNSSS00014 Accounting Principles Skill Set;
FNS40222 Certificate IV in Accounting and Bookkeeping;
Be at least eighteen (18) years of age on the enrolment date
Language, Literacy and Numeracy test (LLN)
Candidates undertaking this course must possess sound Numeracy skills since they will be required to do calculations, make profit and loss statements, and prepare budget.If learners do not meet English and LLN requirements, learners will be asked to take further Language, literacy and numeracy training e.g. English Language Intensive Course for Overseas Learners ELICOS) programs with BLC.
All students will undertake a pre-training review which aims to identify their training needs through questions on previous education or training, basic computing skills, and interview conducted by the BLC enrolment officer. The interview also aims to identify possible RPL opportunities.
Through pre-training review, students will demonstrate that they have the necessary skills to successfully complete the course.
English language requirements
To enrol into this course with BLC, international students, applying either off-shore or onshore, must satisfy one of the following requirements:
I. Either a minimum IELTS 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 10 weeks) to be taken before the main VET course.
or, IELTS score of 4.5 or equivalent with an ELICOS course (up to 20 weeks) to be taken before the main VET course.
Results more than two years are not acceptable;
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.
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 course from Australian Qualifications Framework at the Certificate IV or higher level, while they held a student visa.
IV. For students from Assessment Levels 1 and 2 only, successful completion of BLC’s Language and Numeracy Test conducted by BLC.
Please note that BLC will also accept equivalent test results from the following specified
English Language Tests- TOEFL iBT, PTE Academic, Cambridge English: Advanced (CAE)
and TOEFL PBT.
Test evidence table:
The test must have been taken no more than two years before students’ apply for BLC course.
Basic Computing Skills
Student are required to have basic computer skills including operating MS-office. Learners who do not possess basic computing skills will be provided with digital support by BLC IT support officers.
Materials and Equipment Required
Although Blue Lotus College will provide access to computers/laptops with required resources during classroom hours however to work on assignments and tasks for selfstudy, 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 applications 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 claims or job guarantees or advertise any employment outcome with its courses.
|BSBTEC402||Design and produce complex spreadsheets|
|FNSACC521||Provide financial and business performance information|
|FNSACC527||Provide management accounting information|
|FNSACC526||Implement and maintain internal control procedures|
|FNSACC524||Prepare financial reports for corporate entities|
|FNSACC523||Manage budgets and forecasts|
|FNSACC522||Prepare tax documentation for individuals|
|BSBLDR413||Lead effective workplace relationships|
|FNSACC505||Establish and maintain accounting information systems|
|FNSACC411||Process business tax requirements|
|FNSACC413||Make decisions in a legal context|