FNS50222 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/Regulatory Information
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.
The latest release of the qualification and packaging rules can be found at the following link:
This course is targeted at international students who are:
- Seeking to pursue a career in accounting.
- Seeking to enter a new industry sector.
- Seeking a pathway to higher-level qualifications.
Completing this course may provide you with employment or learning opportunities. Potential employment options are in a range of financial services roles in a range of industry areas. Further education pathways may include higher education qualifications in accounting.
The following units are included in this course, and all are required for the award of the qualification. Students who only complete some units will be awarded with a Statement of Attainment for units successfully completed.
| Code | Title | Core or Elective |
| BSBTEC402 | Design and produce complex spreadsheets | Core |
| FNSACC521 | Provide financial and business performance information | Core |
| FNSACC522 | Prepare tax documentation for individuals | Core |
| FNSACC523 | Manage budgets and forecasts | Core |
| FNSACC524 | Prepare financial reports for corporate entities | Core |
| FNSACC526 | Implement and maintain internal control procedures | Core |
| FNSACC527 | Provide management accounting information | Core |
| BSBLDR413 | Lead effective workplace relationships | Elective |
| FNSACC505 | Establish and maintain accounting information systems | Elective |
| FNSACC607 | Evaluate business performance* | Elective |
| FNSORG506 | Prepare financial forecasts and projections |
Elective |
This course is delivered face-to-face in a classroom-based setting and distance learning. Students are required to attend 14 hours of classroom training per week plus 6 hours of structured distance training for 40 study weeks (4 terms of 10 weeks each). Holiday breaks are as indicated in your timetable.
Class sessions include a mix of theory and practical activities with a focus on creating a real-life workplace.
In addition to classroom based learning, you will also need to complete approximately 5 hours of additional, unsupervised study per week including general reading and research for assessments.
You will also need to complete assessments for this course which may include:
- Written questions
- Projects
- Presentations
- Reports
- Role plays/observations
At the beginning of each unit, your trainer and assessor will outline the assessment tasks that must be completed.
Your classes will be conducted in modern classrooms, and you will be able to access Wi-Fi. There are also areas for you to relax, as well as conduct additional study.
You will be provided with learning and assessment materials that you will use to develop your knowledge and understanding. You will also be provided with a range of learning support options and resources to help them achieve competency.
Satisfactory course progress and attendance is very important in order to meet visa requirements. Please read the International Student Handbook carefully for more information. You will also be provided with further information about course progress and attendance requirements at your orientation.
We offer the following in relation to support and welfare.
- one-to-one support from the trainer/assessor
- support with personal issues
- access to additional learning resources
- reasonable adjustment in assessment
- social events
- buddy program
- information about external sources of support.
You may not have studied for a while, may have English as a second language or need additional assistance with literacy or numeracy.
We will identify any additional support needs you may have at the time of application and enrolment and may prepare a Student Support Plan for you based on those needs.
You are required to bring your own laptop with Office 365 (or similar program) to all classes. These costs are not included in your course fees. Specifications for laptops, software and associated costs are included below.
PC
| Minimum requirements | |
| Processor | Intel® or AMD processor with 64-bit support*; 2 GHz or faster processor
Microsoft Windows 10 |
| Operating system | Microsoft Windows 10 |
| RAM | 10 GB or more of RAM (8 GB recommended) |
| Hard disk space | 3.1 GB or more of available hard-disk space |
| Monitor resolution | 1024 x 768 display (1280×800 recommended) with 16-bit colour and 512 MB or more of dedicated VRAM; 2 GB is recommended. |
| Graphics processor acceleration requirements | OpenGL 2.0-capable system |
| Internet | Internet connection and registration are necessary for required software activation, validation of subscriptions, and access to online services. |
MacOS
| Minimum requirements | |
| Processor | Multicore Intel processor with 64-bit support |
| Operating system | MacOS version 11 Big Sur |
| RAM | 2 GB or more of RAM (8 GB recommended) |
| Hard disk space | 4 GB or more of available hard-disk space for 64-bit installation; additional free space required during installation. |
| Monitor resolution | 1024 x 768 display (1280×800 recommended) with 16-bit colour and 512 MB or more of dedicated VRAM; 2 GB is recommended |
| Graphics processor acceleration requirements | OpenGL 2.0-capable system |
| Internet | Internet connection and registration are necessary for required software activation, validation of subscriptions, and access to online services. |
| Name of software | Associated costs | |
| Office 365 | $129 annually | https://products.office.com/en-au/buy/office |
| Xero | Free | https://www.xero.com/au/campaigns/teaching-accounting/ |
| Laptop details | Associated costs | |
| Any laptop that meets the specifications above | $450 (approximate only) | Various |
You can apply for recognition of existing qualifications or skills, knowledge, and experience (credit transfer or recognition of prior learning) as per the information included in our International Student Handbook, which is available at www.thames.edu.au .
If you are granted course credit, this will affect your course fees as well as the duration of your course. We will advise you in writing of changes to fees or course duration as a result of the credit. You will also be issued with a new Confirmation of Enrolment.
For any questions about course credit, contact us at the details shown below.
The Training Package requires that students must have completed the following units of competency (or equivalent).
- FNSACC321 Process financial transactions and extract interim reports
- FNSACC322 Administer subsidiary accounts and ledgers
- FNSACC418 Work effectively in the accounting and bookkeeping industry
- FNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).
These competencies may have been achieved through completion of the following (or their equivalent):
- FNSSS00014 Accounting Principles Skill Set
or - FNS40222 Certificate IV in Accounting and Bookkeeping.
Thames International College has the following entry requirements:
You must:
- be at least 18 years of age.
- participate in a course entry interview to determine suitability for the course and student needs.
- have an IELTS* score of 6.0 (test results must be no more than 2 years old). English language competence can also be demonstrated through documented evidence of any of the following:
- educated for 5 years in an English-speaking country; or
- successful completion of an English Placement Test.
Note that other English language tests such as PTE and TOEFL can be accepted. You are required to provide your results so that we can confirm they are equivalent to IELTS 6.0.
The costs for this course are as follows:
| Course fees | Tuition fees: AUD $10,000
Enrolment fee: $250 Material fee: $200 |
| Non-tuition fees | May apply and can be found in our International Student Handbook on our website at www.thames.edu.au |
Course fees do not include laptops or software – see information above.
A detailed payment plan and payment arrangements are provided in the Offer Letter and Student Agreement. You must pay all of your course fees and on time. Non-payment of fees may result in cancellation of enrolment.
You are also required to take out Overseas Health Insurance Cover before arriving in Australia. Thames International College provides details of OSHC providers in the International Student Handbook. You can approach any of these providers to find out costs and organise your cover.
Additional costs associated with living in Australia are outlined in the International Student Handbook. You should carefully review these costs in relation to budgeting. Further information can be found at
https://www.studyinaustralia.gov.au/english/live-in-australia/living-costs.
To apply for this course, you are required to complete an enrolment form and submit all required supporting evidence including copies of your:
- FNS skill set/qualifications
- proof of English language proficiency as specified in the entry requirements.
If your application is successful, we will send you an Offer Letter and Student Agreement. You should make sure you read through this document carefully to make sure you are happy with all of the terms and conditions. If you are, then simply sign the document and send it back to us.
Once we receive this, we will issue you with a Confirmation of Enrolment (CoE) letter and an invoice for the first payment.
The first day of each course will include orientation and induction. Orientation will include information about the campus, living in Australia, accessing our support services and methods for achieving success throughout the course, including course progress requirements.
This course outline should be read in conjunction with Thames International College International Student Handbook. This can be found online at www.thames.edu.au
52 weeks (40 weeks study and 12 weeks holidays)