Diploma of Accounting FNS50204 incl. BAS competency

Gain a solid understanding of accounting principles & BAS tasks

If you require a solid operational knowledge of financial processes, this Diploma of Accounting course is ideal for you. If you’re in a business or finance executive role and want to formalise your qualifications, or need to learn more for a small business operation, this course will provide you with an excellent start.

This course also includes the competency FNSBKPG404A: Carry out business activity and instalment activity statement tasks, to give you the knowledge and skills required to carry out tasks relating to Business Activity Statements (BAS) and Instalment Activity Statements (IAS). When you enrol in this nationally recognised accounting course, you’ll also receive a free 12 month Student Membership with the National Institute of Accountants.

Possible careers

  • Assistant Accountant
  • Financial Clerk

On completion of your course:

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

About our NSW VETAB accreditation
About our Nationally Recognised Training accreditationCengage Education is a Registered Training Organisation (Provider Number: 90796) registered with VETAB (Vocational Education and Training Accreditation Board).

Pathways to further study

Students who successfully complete the Diploma of Accounting may be eligible for credit towards:

  • FNS60204 Advanced Diploma of Accounting [11 credits]
  • BACC0107 Bachelor of Accounting [6 credits]

 

For more information call a Course Advisor today on 1300 853 033.

Austudy approved

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

Skilling Australia for the Future

Productivity Places Program You may be eligible to study at no cost to you under the Federal Government’s Targeted participate in training under the Productivity Places program. Click here to find out more…

Professional memberships/affiliations.

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.

Adecco Australia

Cengage Education is proud to announce its affiliation with one of the world’s leading employment services Adecco Australia.

Student’s wishing to seek full/part time employment in their chosen field, can now contact Adecco Australia on completion of their qualification.

* Terms and conditions apply
Course Number D0044
Course Type Correspondence
Course Duration Max 36 months
Study Hours Approx 775 hrs
Qualification Diploma
Nationally Recognised What does this mean?

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 98® or higher
  • Microsoft® Excel 2007
  • CD-ROM drive
  • Scientific calculator

Assessment details

  • 62 Written assignments
  • 1 Final assessment

Extra learning materials included

  • Quickstart files
  • An introduction to principles and practice (Textbook)
  • Develop and use complex spreadsheets Exercise Files CD

Entry Requirements
Diploma & Advanced Diploma courses

Higher School Certificate or equivalent OR relevant qualification (at Cert III or above) OR relevant vocational experience.

English Language Requirements:

If English is your second language and you did not complete the last two years of secondary education in English you are required to provide evidence of English language competence before enrolling. Examples of appropriate evidence are:

Evidence

Example

IELTS

Overall score of 5.5 (6.0 in Advanced Diploma courses)

TOEFL

530 (paper), 197 (computer) or 71 Internet.

Evidence of employment in an English speaking country.

12 month period of employment: Letters of Appointment, Letters of Reference, Testimonials, Performance Appraisals etc

Not sure if you meet the entry requirements?
Please call 1300 853 033

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

  • Implement an integrated accounting system
  • Process transactions within the system
  • Maintain the system
  • Produce reports
  • Ensure system integrity

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
  • 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 system

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

FNSBKPG404A: Carry out business activity and instalment activity statement tasks

  • Goods and Services Tax (GST)
  • Fringe benefits tax
  • Complete and reconcile the activity statement
  • Reporting timeline for business taxes
  • The approval process
  • Lodge activity statement
  • Lodgement methods
  • Payment summaries
  • Payroll reports
  • Networking

* Fortnightly payment plans also available –     call our Sales team on 1300 853 033 .