Education Access Australia

Education Access Australia
480 Elizabeth Street,‎ Melbourne, Victoria 3000, Australia
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Home Courses Accounting FNS50215 Diploma of Accounting

Tuesday21 November 2017

FNS50215 Diploma of Accounting


Course Description
This qualification reflects professional accounting job roles in financial services and other 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 guidance to others within defined guidelines.

Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or 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. Persons seeking registration with the TPB should check current registration requirements with the Board.

Upon successful completion of this course the student would be awarded the FNS50215 Diploma of Accounting which is a nationally recognised qualification. This could help students gain entry into career paths or further education in the fields of Accounting and Finance.

Modes of Delivery
The method of delivery includes classroom based theory and practical training sessions. A simulated workplace environment may be created, if required through individual and group activities and practical tasks in both delivery and assessment where students will be facilitated to develop skills and knowledge to fulfil the requirements for each competency unit and its elements. Units can be delivered either as a standalone or clustered unit.  Some portfolio or other assessments may provide evidence of overall competency in more than one unit.  Students will be advised of this where applicable.

Assessment processes cover a broad range of skills and knowledge needed to demonstrate competency and will integrate knowledge and skills with their practical application. All Assessments of units of competence will be conducted according to the assessment guidelines and competency standards of the official Training Package for this qualification.

Students will be required to perform in a range of areas including and not limited to: Short Answer Test, Case Study, Presentation, Practical Demonstration, Computer based activities and Written Examinations etc.

Course Length
This course will be delivered over a 40 week period of full time study (including course delivery, assessment, public holidays and break).

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 FNS15.


Completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS10.

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

Age requirements
For international students EAA has a requirement that all students must be over 18 years of age at the commencement of course. In relation to this qualification it would be quite unexpected for any student local or international to be under 18 years of age.

English Language
All international students should be able to meet the English requirements as required under the assessment level of the student by Department of Immigration and Border Protection (DIBP).

EAA accepts the results from International Language Test Score (IELTS), PTE Academic English or the Test of English as a Foreign Language (TOEFL) as below:

IELTS (Academic English)       TOEFL (Paper Based)       TOEFL (Internet Based)       PTE Academic
Overall band score of 5.5                       527                                          46                                       42

Applicants whose English results falls below above score will need to enrol in an English Language Intensive Course for Overseas Students (ELICOS).  Arrangements will be made for the student to complete the ELICOS course with one of our associate providers at the student’s expense.

Fee - International Students
Tuition Fee:                   $7000

Admission Fee              $250

Resources:                     $1200

Overseas student Health cover (OSHC)/year (These prices are determined by the Insurance Provider and may be subject to change)

Single                             $408
Family                            $3501

Note: As per ESOS Act, a Student can pay full fees of the above course before the start of the course, if they wish to do so, but they are not required to pay more than 50 per cent up front course fee. We can also provide a more flexible payment plan to students to suite their individual circumstances

Eligibility requirements - Domestic students
English Language
The applicant must have sufficient proficiency in English to be able to work successfully in a highly communicative environment.

Fee - Domestic full fee paying students
Tuition Fee:                        $7,000

Application Fee:                 $250

Skill Recognition/Credit Transfers
Students may apply for Recognition of Prior Learning (RPL) by providing evidence that they have the required skills and knowledge in the specific areas of competency through work /industry experience and/or completed eligible assessments in an equivalent or higher qualification. Application of RPL can be made prior to enrolling.

To receive RPL, we assess your previous work, education work experiences against recognised qualification.

Students with credit transfers will finish the course in a shorter duration and are advised to consult appropriate authorities/bodies for applicable criteria if they are planning further study or stay in Australia.

Education Pathways
Successful completion of this course will qualify students to undertake the Advanced Diploma of Accounting (FNS60215) qualification or Bachelor of Business qualification (Accounting).

Career OpportunitiesProvides participants with the skills and obtain the following occupational position as a qualified Office Manager, Administration manager, Bookkeeper, Assistant Accountant or any position that involves working with figures and company financials.

This qualification is designed to reflect the role of employees wishing to gain employment in accounting job roles with duties such as -introducing and maintaining accounting systems

  • maintaining internal control systems
  • preparing financial statements for a reporting entity
  • preparing tax returns
  • providing financial and business performance
  • reporting on business performance
  • managing small teams
  • developing business plans
  • preparing management accounting reports


Units of Competence
In order to attain this qualification students are required to complete 11 units of competency consisting of six  (6) core units and five (5) elective units.

Core Units
FNSACC501    Provide financial and business performance information
FNSACC502    Prepare tax documentation for individuals**
FNSACC503    Manage budgets and forecasts
FNSACC504*   Prepare financial reports for corporate entities
FNSACC506    Implement and maintain internal control procedures
FNSACC507    Provide management accounting information

Elective Units
FNSACC505    Establish and maintain accounting information systems

FNSINC601     Apply economic principles to work in the financial services industry
BSBWOR501  Manage personal work priorities and professional development
BSBFIA401     Prepare financial reports
FNSACC301   Process financial transactions and extract interim reports


* Units form BAS agent registration Skill Set

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