FNS 50204 Diploma of Accounting

Suitable for candidates who:

• intend to perform assistant accountant duties such as supervision and control of accounting systems, maintaining internal control systems, preparation of financial statements for reporting entities, analysis of business performance, preparation of tax returns and management of small teams; or
• are already working in the industry and wish to obtain the qualification to broaden their knowledge and career prospects or wish to articulate to Advanced Diploma of Accounting or degree programs.

This course will equip you with:

• the ability to process payrolls and business tax requirements, prepare financial reports, operational budgets and income tax returns;
• the skills to manage budgets and forecasts and monitor corporate governance activities;
• the knowledge to administer accounts payable and establish and maintain accounting information systems;
• the understanding of how to implement and maintain internal control procedures;
• the aptitude to monitor corporate governance activities.

Career Pathways:

The course prepares you for work such as:

• assistant accountants
• office managers
• administration managers
• budget officers
• tax clerk
• audit clerk
• cost clerk
• bookkeeper

After successful completion, you may contact Oceanic Human Resources on 1300 852 773 to discuss your career options.

Study Pathways

As a graduate of this course you will be granted full credit towards the Advanced Diploma of Accounting.

CHOOSE YOUR STUDY FORMAT

This Qualification requires candidates to complete four modules containing competency units that provide a comprehensive approach to training in Accounting. There are three training formats available to candidates. While each training format has different features, each training format completes training in each module over 10 weeks. The four modules are completed over 12 months. Candidates are required to complete a number of assessment tasks in each module and lodge them for assessment on the nominated dates; all assessments are compulsory including those required during classroom or workshop formats. Assessment tasks are available for download online during each assessment period; some assessments may be completed on-line in a secure environment.

Flexible Learning format: Using the WebEx platform, candidates are required to participate in 5 scheduled fortnightly two-hour workshops over each ten-week module. Candidates do not attend physical classrooms but work as virtual classes through AIFA's live and interactive WebEx system - the benefits of the classroom without the inconvenience. Workshops are held Monday to Thursday at 2.00pm and 5.00pm and on Saturdays at 10.00am and 1.00pm. The workshops are not lectures but are sessions involving explanations from trainers, demonstration of skills and practice of skills with trainers. Candidates who are unable to attend a workshop will have opportunity to review video of a workshop for up to 7 days after the workshop session.

AIFA'S WebEx learning: WebEx learning is a live and interactive virtual classroom with video and voice participation. WebEx does not require any special software and is accessed by entering AIFA's WebEx internet site. AIFA supplies each student with a head set, microphone and video camera for connection to each WebEx session.

It is essential to have an internet connection with appropriate speed. Broadband internet connection is highly recommended. Wireless internet connection is acceptable, however is often not reliable, affecting the quality of video and audio transmission. A dial-up internet connection is not sufficient for WebEx participation.

Part-time classroom format: Candidates can enrol as a part-time student attending classes one day (Saturday from 9.00 to 5.00), or two evenings (5.30 to 9.00) each week for 10 weeks in each module

Full-time classroom format:  Candidates can enrol as full-time students and attend classroom training on 2 days (9.00 to 5.00) each week - either Monday and Tuesday or Wednesday and Thursday for 10 weeks in each module. This is the preferred entry point for Job Seekers and requires a commitment of at least 20 hours per week.

Candidates are required to elect their preferred format, time and classroom training centre; we seek to accommodate your preferences whenever possible. When candidates experience a change of circumstances AIFA will consider written requests to change from one format to another format to assist in the successful completion of the qualification. Candidates who leave the program before completion of the qualification will receive a Statement of Attainment for all competency units that have been successfully completed; if sufficient competency units have been completed but not the full qualification, candidates may be awarded Certificate IV in Financial Services (Accounting). The maximum time allowed to complete the full qualification is 24 months from commencement.

RECOGNITION OF PREVIOUS STUDY AND EXPERIENCE - RPL and RCC

If a candidate have previously completed any AQF competency units included in this qualification as shown on a Statement of Attainment we can grant them immediate credit transfer (RPL). Alternatively, if the candidate is experienced in any aspect of this qualification and can demonstrate their current competency in any of the competency units included in an AIFA qualification, their competency can be recognised and provide credit toward award of the qualification (RCC).  Application for RPL or RCC must be advised on the Enrolment Application.

PRACTICAL SKILLS TRAINING

AIFA has been a Registered Training Organization (RTO) since 2000. AIFA specialises in high quality specialist training in business, accounting and financial services at its North Sydney and Parramatta Learning Centres and in the workplace. Our focus is on providing the practical skills needed by employees working in and wanting to work in the Financial Services and Accounting industries.

WHY CHOOSE A QUALIFICATION IN ACCOUNTING?

1. The Australian Taxation Office (ATO) has completed a review of the Tax Agent registration system leading to the new Tax Agents Services Act 2009. The Act provides for the creation of a new class of tax agent called a BAS Agent - to be qualified to register you must have completed at least a Certificate IV qualification in accounting or bookkeeping. Those who are registered as a BAS Agent will be able to provide advice to clients on BAS obligation and complete BAS returns for clients on a fee-for-service basis. The Diploma qualification contains the core training for registration as a Tax Agent; there are experience requirements for registration.

2.The Insolvency and Trustee Service Australia (ITSA) is the government agency responsible for the administration and regulation of the personal insolvency system in Australia. ITSA's Debt Agreement Service will not accept a debt agreement proposal from a person unless that person is a registered trustee, a registered debt agreement administrator or is the administrator of not more than five debt agreements. Mandatory qualifications apply to Registered Debt Administrators from 1 July 2009.

COURSE DETAILS

	MODULE 1: BUSINESS FUNDAMENTALS & ACCOUNTING PRINCIPLES
FNSICIND401B		Apply principles of professional practice to work in the financial services industry
FNSICGEN301B		Communicate in the workplace
FNSICGEN302B		Use technology in the workplace
FNSICGEN304B		Apply health and safety practice
BSBFIA301A		Maintain financial records
FNSICACC304B		Prepare and bank receipts
FNSICACC306B		Process journal entries
BSBFIA401A		Prepare financial reports
MODULE 2: ACCOUNTING APPLICATIONS
FNSACCT407B		Computerised accounting systems (MYOB)
FNSACCT405B		Prepare financial statements
FNSACCT406B		Maintain asset and inventory records
FNSBKPG405A		Establish and maintain a payroll system
FNSACCT401B		Process business tax requirements
FNSACCT402B		Produce job costing information
FNSACCT403B		Prepare operational budgets
FNSACCT503B		Manage budgets and forecasts
MODULE 3: LAW AND TAXATION
FNSACCT404B		Make decisions within legal context
FNSACCT502B		Prepare income tax returns
FNSACCT601B		Prepare complex tax returns
FNSACCT603B		Implement tax plans and compliance
MODULE 4: REPORTING AND CONTROLS
BSBITU402A		Develop and use complex spreadsheets
FNSACCT507B		Management accounting information
FNSACCT504B		Prepare financial reports for reporting entity
FNSACCT506B		Internal control procedures

How to enrol

To enrol please contact our Office on 1300 785 775