Advanced Diploma of Accounting

National Code:	FNS60215
CRICOS Code:	087994M

Description

This qualification is designed to reflect the role of individuals working in accounting and seeking professional identification. Core industry competencies, commercial law, Australian taxation law, basic accounting principles and BAS agent registration are included in the entry requirement that contribute to, but do not encompass, educational requirements for providing tax agent services.

A tax agent service is any service that relates to:

• Ascertaining or advising about the liabilities, obligations or entitlements of an entity under a taxation law; or
• Representing an entity in their dealings with the commissioner of taxation.

A tax agent service includes, but is not limited to, the following:

• A Business Activity Statement (BAS) service;
• Preparing or lodging an approved form about a taxpayer’s liabilities, obligations or entitlements under a taxation law;
• Giving a taxpayer advice about a taxation law that the taxpayer can reasonably be expected to rely upon to satisfy their taxation obligations; or
• Dealing with the Commissioner on behalf of a taxpayer in relation to a taxation law.

Persons providing a tax agent service must be registered by the Tax Practitioner’s Board and meet educational and other requirements for registration including a designated period of experience. Persons seeking tax agent registration should check current registration requirements with the Board as this is regularly under review.

Entry Requirements

Delivery Mode

Duration

The requirements of the AQF volume of learning for Advanced Diploma level qualifications is 1 year. Total volume of learning for the FNS60215 Advanced Diploma of Accounting is 1420 hours which is allocated as follows:

• 820 hours Face to face classroom delivery
• 320 hours Assignments and assessments
• 280 hours Self paced study

The training and assessment activities are required to be completed by students to achieve the learning outcomes of this qualification. If students have previous relevant experience, where RPL is awarded, the total volume of learning may be reduced below the Australian Qualifications Framework Volume of Learning requirements.

This qualification has been designed for experienced students so time frames have been adjusted to meet volume of learning requirements and allow sufficient time to acquire required skills and knowledge.

Fees

Fees and charges vary between courses, please contact Australian Vocational Learning Centre directly to know the current course fees.

Recognition of Prior Learning

Recognition of Prior Learning (RPL) and Credit Transfer – Students with prior learning and work experience can apply for Recognition of Prior Learning. Learners who have completed corresponding units of competency and/or units contained within the packaging rules can apply for Credit Transfer.

Assessment Methods

Assessment is progressive through the qualification with multiple assessment tasks to be completed for each unit of competency. Assessment tasks and methods will vary from unit to unit may include a combination of:

• Role-plays
• Written examinations
• Written/Verbal questioning
• Case studies
• Practical Projects
• Research Reports
• Assignments used to assess required skills and knowledge

Assessment marking system:

• Satisfactory (S) result: the student’s submitted work satisfies the learning requirements and all competency standards for the unit (in accordance with the National Register www.training.gov.au).
• Not Yet Satisfactory (NYS) result: the student’s submitted work does not demonstrate their understanding of all competency standards in the unit. If a student receives a ‘not yet satisfactory’ outcome, he or she will receive written feedback from a trainer/assessor, clearly outlining where the gaps are. The student will then be required to rectify these gaps and re-submit their assessment for marking.

Once a student receives a satisfactory result for all required assessment tasks a competent (C) outcome will be awarded for the entire unit. The student must demonstrate their understanding of all competency standards in each unit before receiving a competent outcome.

Pathways

This qualification will provide a pathway to accounting qualifications in Higher Education Institutions

Employment Opportunities

Job roles and titles vary across different industry sectors. A possible job title relevant to this qualification is:

• Senior Accounts Manager
• Senior Accountant

Course Structure

To successfully complete the FNS60215 Diploma of Accounting students are required to complete fourteen units of competency consisting of the units as listed below (three core and eleven electives).

Unit Code	Unit Name
FNSACC502	Prepare income tax returns for individuals
FNSACC609	Evaluate financial risk
FNSACC501	Provide financial and business performance information
FNSACC608	Evaluate organisation’s financial performance
FNSACC301	Process financial transactions and extract interim reports
FNSINC601	Apply economic principles to work in the financial services industry
FNSACC506	Implement and maintain internal control procedures
BSBFIA401	Prepare financial reports
FNSINC602	Interpret and use financial statistics and tools
FNSACC604	Monitor corporate governance activities
FNSACC406	Set up and operate computerised accounting system
FNSACC602	Audit and report on financial systems and records
FNSACC601	Prepare and administer complaint tax returns for legal entities
FNSACC603	Implement tax plan and evaluate tax obligation