FNS50217 - Diploma of Accounting
This qualification reflects professional accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers, and employees performing a range of accounting tasks for organisations in a range of 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 provide guidance to others within defined guidelines. Licensing, legislative, regulatory or certification considerations Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide 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, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly.
Total number of units = 13
Total number of units = 11 6 core units plus 5 elective units , of which: up to 5 may be from the elective units listed below up to 2 may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course, provided they do not duplicate the outcome of another unit chosen for the qualification. Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, and contribute to a valid vocational outcome.
FNSACC511 Provide financial and business performance information
FNSACC512 Prepare tax documentation for individuals1
FNSACC513 Manage budgets and forecasts
FNSACC514 Prepare financial reports for corporate entities*
FNSACC516 Implement and maintain internal control procedures
FNSACC517 Provide management accounting information
BSBLDR413 Lead effective workplace relationships
BSBTEC402 Design and produce complex spreadsheets
FNSACC408 Work effectively in the accounting and bookkeeping industry
FNSACC505 Establish and maintain accounting information systems
FNSACC601 Prepare and administer tax documentation for legal entities*1
FNSACC607 Evaluate business performance*
FNSFMK515 Comply with financial services regulation and industry codes of practice
FNSINC503 Identify situations requiring complex ethical decision making
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions
FNSINC601 Apply economic principles to work in the financial services industry
FNSINC602 Interpret and use financial statistics and tools
FNSORG505 Prepare financial reports to meet statutory requirements
FNSORG506 Prepare financial forecasts and projections
FNSPAY501 Process salary packaging arrangements and additional allowances in payroll
FNSPAY502 Process superannuation payments in payroll
FNSPAY503 Process complex employee terminations in payroll
FNSPAY504 Interpret and apply knowledge of industrial regulations relevant to payroll
FNSPAY505 Interpret and apply knowledge of taxation systems relevant to payroll
FNSTPB503 Apply legal principles in consumer and contract law2
FNSTPB504 Apply legal principles in corporations and trust law2
FNSTPB505 Apply legal principles in property law2
FNSTPB506 Apply taxation requirements when providing tax (financial) advice services3
FNSTPB507 Apply legal principles in commercial law when providing tax (financial) advice services3
1 Unit included in the Tax Practitioners Board approved course in Australian taxation law: FNSSS00008 Taxation Law for Tax Agents Skill Set (Tax documentation).
2 Unit included in the Tax Practitioners Board approved course in commercial law: FNSSS00005 Commercial Law for Tax Agents Skill Set.
3 Unit included in the Tax Practitioners Board approved course in commercial law for tax (financial) advisers: FNSSS00006 Commercial Law for Tax (Financial) Advisers Skill Set
*Note the following prerequisite unit requirements.
Unit in this qualification
Prerequisite units
FNSACC514 Prepare financial reports for corporate entities
BSBFIA401 Prepare financial reports
FNSACC311 Process financial transactions and extract interim reports
FNSACC601 Prepare and administer tax documentation for legal entities
FNSACC512 Prepare tax documentation for individuals
FNSACC607 Evaluate business performance
FNSACC511 Provide financial and business performance information