Diploma of Accounting

Gain an understanding of accounting principles.

The Cengage Education Diploma of Accounting course is ideal for anyone needing solid operating knowledge in financials. If you’re in a business executive or finance position, or need to learn more for a small business operation, this course provides an excellent start.

On completion of your course:

Upon successful completion of your course you will receive a nationally recognised FNS50204 Diploma of Accounting.

About our NSW VETAB accreditation
About our Nationally Recognised Training accreditationCengage Education is a Registered Training Organisation registered with VETAB (Vocational Education and Training Accreditation Board).

Austudy approved

This course is Austudy approved, please apply directly to Centrelink to receive this benefit. Get more information about Financial Assistance programs.

Professional memberships/affiliations.

Adecco Australia

Cengage Education is proud to announce their affiliation with one of the world's leading employment services Adecco Australia. Students wishing to seek full/part time employment in their chosen field can now contact Adecco Australia on completion of their qualification.

National Institute of Accountants (NIA) membership

Cengage Education is proud to announce its affiliation with the National Institute of Accountants (NIA), a professional organisation for accountants recognised for their practical, hands-on skills and a broad understanding of the total business environment.

The NIA is a progressive, responsive accounting body committed to integrity, professionalism and professional development. It represents more than 14,000 members working in industry, commerce, government, academia and private practice.

This relationship offers students free membership to the NIA Student Register. The register offers access to a wide range of resources that will not only benefit the student's learning experience, but will also provide valuable insight into the financial sector.

Benefits of NIA membership for Diploma Students

  • The National Accountant journal is delivered to members six times a year. Each issue reflects features and articles, written specifically for Student Members.
  • The Directions newsletter specifically for Student Members is delivered by email four times a year.
  • The e-Statements newsletter is delivered five times a year by email and is an excellent way for Student Members to keep up to date with the latest events happening within their NIA Division
  • The technical newsletter for the NIA Technical Advantage is delivered to members on a fortnightly basis via email and covers updates on tax, accounting, Corporations Law and other business related issues
  • Unrestricted access to the NIA website. The website contains a technical resource library, the Australian Accounting Standards, discussion forums, and all upcoming accounting information and events.
  • Access to member benefits and services, offering a wide range of discounts on personal and business services.

University credit transfer arrangements.

University of South AustraliaJames Cook UniversityStudents who successfully complete the Cengage Education Diploma of Accounting course may be eligible for credits towards:

  • The Bachelor of Accounting offered by Cengage Education.
  • Bachelor of Commerce offered by Griffith University (QLD)
  • All divisions of Business and Enterprise Undergraduate programs offered by the University of South Australia (SA)
  • Bachelor of Business offered by Charles Sturt University (NSW), James Cook University (QLD) and Queensland University of Technology
  • Bachelor of Financial Administration offered by University of New England (NSW)
  • Nominated courses offered by Macquarie University (NSW), Monash University (VIC) and University of Technology Sydney (NSW).

For more information call a Course Advisor today on 1300 853 033, or for degree study options or course fee information you can contact the above mentioned Universities.

Call 1300 853 0338am-6pm AEST Mon-Fri
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Course Number B0019D
Course Type Correspondence
Course Duration Max 36 months
Study Hours Approx 735 hrs
Qualification Diploma
Nationally Recognised What does this mean?

Prerequisites

No previous knowledge or experience is required to take this course.

Learning periods

This course is divided into 16 learning periods.

Computer requirements

To complete this course you will need access to:

  • A computer with Windows 95/98® or higher
  • Microsoft® Excel 2000 or higher
  • CD-ROM drive
  • Scientific calculator

Assessment details

  • 1 Final assessment
  • 7 MYOB 17 computer based assessments

Assignment details

  • 68 Written assignments

Extra learning materials included

  • MYOB Textbook and Student Edition CD
  • Quickstart files
  • MYOB Test Drive Pack
  • An introduction to principles and practice (Textbook)
  • Develop and use complex spreadsheets Exercise Files CD

Subjects You’ll Cover

FNSICGEN301B Communicate in the workplace

  • Communication within the workplace
  • Successful communication
  • Spoken messages and telephone skills
  • Using appropriate language
  • Listening and clarifying information

FNSICGEN302B Use technology in the workplace

  • Maintaining equipment
  • Selecting and using technology
  • Organisational requirements
  • Processing and organising data
  • Coordinating your tasks

FNSICGEN304B Apply health and safety practices in the workplace

  • Occupational health and safety legislation
  • Participating in occupational health and safety
  • Identifying training needs
  • Safety checks
  • Encouraging contribution

BSBADM404A Develop and use complex spreadsheets

  • Using meaningful file names
  • Back-up
  • Security
  • Standard formats
  • Copying and moving data
  • Inserting and deleting columns and rows
  • Checking data
  • Pie charts
  • Quick charts
  • Linking workbooks
  • Data tables
  • Formulas
  • Working with multiple worksheets
  • Macros
  • Cell protection

FNSICACC304B Prepare and bank receipts

  • Business Fundamentals
  • Recording business transactions
  • Maintaining petty cash
  • Bank reconciliation
  • Reading a bank statement
  • Reconciling the bank account
  • Record business transaction and documentation in special journals
  • Reconcile an overdrawn account
  • Reconciliation with errors and dishonoured cheques

FNSACCT407B Set up and operate a computerised accounting system

  • Setting up your business
  • Company details
  • Chart of accounts
  • Entering opening balances
  • Inventory
  • Entering stock balances
  • Setting up your inventory file
  • Adjusting inventory
  • Recording sales and other items
  • Invoices
  • Quotations
  • Back orders
  • Credit notes
  • Purchase orders
  • Payroll
  • Adding new employee details
  • Preparing the payroll

BSBADM408A Prepare financial reports

  • Preparing and maintaining an asset register
  • Accounting for depreciation
  • Maintaining an asset register
  • Disposing of an asset register
  • Accounting for disposal of an asset
  • Recording general journal entries for balance-day adjustments
  • What are balance day adjustments?
  • Expenses
  • Bad and doubtful debts
  • Stock on hand
  • Stock and sundry items

BSBCMN308A Maintain financial records

  • Source documents
  • Processing documents
  • Validation of invoices
  • Maintaining credit journals
  • Maintain cash journals
  • The general journal
  • Recording transactions in the general journal
  • Chart of accounts
  • Format of general accounts
  • Posting journals to the general ledger
  • Posting cash receipt to the journal
  • Posting cash payments to the journal
  • Posting sales to the journal
  • Posting purchases, returns and allowances to the journal
  • Preparing a trial balance

FNSACCT504B Prepare financial reports for a reporting entity

  • Companies and their formation
  • Share issues
  • Debenture issues and redemption
  • Conversion to a company
  • Reserves, provisions and income tax
  • Statement of cash flow
  • Preparation of financial statements
  • Consolidations

FNSACCT503B Manage budgets and forecasts

  • The principles of budgeting
  • Budgeting for service businesses
  • Budgeting for the trading business
  • Expense budgets
  • Budgeted profit and loss statements
  • Performance appraisal
  • Sales budgets
  • Expenses budgets

FNSACCT502B Prepare income tax returns

  • Introduction to income tax law
  • Assessable income
  • Lump sum payments for annual leave and long service leave
  • Exemption income and exemptions for clubs and societies
  • Allowance deductions
  • Depreciation
  • Rebates and tax offsets
  • Trade stock and completion of the for “I”
  • Trading stock
  • Lodgement of income tax returns
  • Rebates on termination and leave payments
  • Dependent rebates
  • Limit on rebates
  • Partnership
  • Taxation of minors – Division 6AA
  • Eligible assessable income of certain professionals

FNSACCT506B Implement and maintain internal control procedures

  • Corporate governance requirements and internal control
  • General principles of internal control
  • Internal control framework
  • Standards and practices
  • Objectives of internal control
  • The mechanics of control
  • The social structure influence
  • The implementation and application of internal control procedures
  • Maintaining a sound system
  • Monitoring procedures
  • The role of the internal and external auditor
  • Not for profit and operational audits

FNSACCT507B Provide management accounting information

  • Introduction to cost concepts
  • The manufacturing statement
  • Recording the cost cycle
  • Accounting for direct materials
  • Materials handling and control
  • Source documentation for purchases, receipts and issues
  • Materials document flow through the organisation
  • Accounting for direct labour
  • Wage systems
  • Factory payroll records
  • Labour ledger account
  • Accounting for manufacturing overhead
  • Direct and absorption costing
  • Cost volume profit analysis
  • Methods of job costing
  • Preparing reports
  • Performance reports

FNSACCT505B Establish and maintain accounting information systems

  • The nature of an information system
  • Establishing an accounting information system
  • Accounting information sub-systems
  • Establishing the credit purchases system
  • Establishing the credit sales system
  • Establishing the cash receipts and payments system
  • Establishing a payroll syste

BSBCMN403A Establish business networks

  • Develop and maintain business networks
  • The value of networking
  • Network strategies
  • Establishing and maintaining business relationships
  • Negotiating
  • Resolving difficult situations
  • Promoting an organisation
  • Presentation skills

FNSICIND401B Apply principles of professional practice to work in the financial services industry

  • Identify the scope, sectors and responsibilities of the industry
  • Identify and apply financial services industry guidelines, procedures and legislation
  • Manage information in relation to documentation
  • Ensure reports are read, understood and any implications are discussed with relevant staff
  • Plan work to be completed, taking into consideration time, resources and other constraints

FNSICACC306B Process journal entries

  • Sales invouces and proof of delivery
  • Source documentation required for sale
  • Controlling your stock
  • Purchase invoices
  • Purchase documentation
  • Purchase Journals

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