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Qualification Details

FNS50210 - Diploma of Accounting

Recognition of Prior Learning (RPL)

FNS50210 Diploma of Accounting Qualification is offered by Get Qualified Australia via our RTO partners using a combination of Recognition of Prior Learning (RPL) and Skills Recognition.

Wherever possible, the qualification will be fully assessed using your career experience without the need for further study. If required, gap training is available from our RTO partners.

Description

This qualification reflects professional accounting job roles in financial services and other industries.

Entry Requirements

The entry requirement for this qualification is completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS10.

or

Completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS04.

The entry requirement can be met by evidence of equivalent competency to either of the above through recognition of prior learning (RPL).

Packaging Rules

• Total number of units = 9 

• 6 core units plus 

• 3 elective units 

1 elective unit  must be selected from the elective units listed below.

The remaining 2 elective units  may be selected from the elective units listed below, any endorsed Training Package or accredited course. These elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Core Units 

FNSACC501A Provide financial and business performance information

FNSACC502B Prepare legally compliant tax returns for Individuals

FNSACC503A Manage budgets and forecasts

FNSACC504A Prepare financial reports for corporate entities

FNSACC506A Implement and maintain internal control procedures

FNSACC507A Provide management accounting information

Elective Units 

FNSACC505A Establish and maintain accounting information systems

FNSACC601B Prepare and administer compliant tax returns for legal entities

FNSACC607A Evaluate business performance

FNSFMK505A Comply with financial services legislation and industry codes of practice

FNSINC601A Apply economic principles to work in the financial services industry

FNSINC602A Interpret and use financial statistics and tools

FNSORG505A Prepare financial reports to meet statutory requirements

FNSORG506A Prepare financial forecasts and projections

FNSTPB501A Apply legal principles in corporations and trusts law

FNSTPB502A Apply legal principles in commercial and property law

BSBITU402A Develop and use complex spreadsheets

BSBWOR401A Establish effective workplace relationships

Licencing Information

NOTE : Work functions in this occupational area are subject to regulatory requirements. You should refer to the IBSA website (www.ibsa.org.au under Training Packages/Industry) for specific guidance on requirements.

Employability Skills

The following table contains a summary of the Employability Skills required by industry for this qualification. The Employability Skills facets described here are broad industry requirements that may vary depending on qualification packaging options.

Industry/enterprise requirements for this qualification include: 

Communication

• compiling data and preparing financial statements and ad hoc reports
• developing and writing reports to specifications
• discussing and negotiating with stakeholders on matters relating to financial management
• liaising, listening and consulting
• preparing and presenting correspondence in appropriate electronic format
• reading and evaluating complex and formal documents, such as legislation and regulation documents
• processing material and critically analysing and integrating information from a wide range of sources
• using effective telephone techniques and having the ability to negotiate resolutions with clients and colleagues

Teamwork

• contributing and working with others to implement policies and procedures
• referring matters to nominated person as required

Problem-solving

• applying estimating, forecasting and analysis skills
• conducting variance and cost benefit analyses
• determining security protocols
• developing financial performance indicators and security arrangements to ensure the integrity of the system
• establishing and reviewing assumptions/parameters
• identifying financial risks
• identifying OHS hazards and exercising risk control
• solving discrepancies

Initiative and enterprise

• applying learning about ergonomic activities to develop improved processes
• applying referral skills
• designing reports to effectively present workplace information
• identifying trends in the industry
• referring non-routine problems to a nominated person
• researching the feasibility of workplace opportunities

Planning and organising

• establishing and maintaining an accounting system
• establishing, monitoring and reviewing reporting systems
• maintaining accounting records for compliance purposes
• maintaining systems, records and reporting procedures
• preparing, documenting and managing budgets and forecasts
• preparing taxation returns
• researching and managing data collection and testing
• setting milestones and performance indicators
• timetabling, scheduling reports and lodgements

Self-management

• adapting to change in technology and work practices
• defining own work role and understanding limits of responsibility
• developing internal control procedures for corporate governance
• identifying and acting upon professional development opportunities
• understanding and acting upon compliance requirements
• working ethically and complying with industry professional code of practice and legislative requirements

Learning

• developing and maintaining personal competence
• following workplace safety procedures
• maintaining currency of knowledge of relevant legislation and codes of practice
• using online help for self-learning purposes

Technology

• adapting to change in technology and working within ergonomic guidelines
• using technology to assist the management of information and to establish and operate systems
• using word processing, spreadsheet and database skills to produce workplace documents and reports

Pathway Information

Pathways into the qualification 

Preferred pathways for candidates entering this qualification include:

• Certificate IV in Accounting
• Certificate IV in Bookkeeping

Pathways from the qualification 

A learning pathway utilising qualifications such as Advanced Diploma of Accounting would support career progression.