Diploma of Accounting

The Diploma of Accounting (FNS50215) gives you the professional qualifications and experience required to become an accountant, registered tax agent, registered BAS agent and tax (financial) adviser.

The Diploma of Accounting has been designed for new entrants to the accounting profession, and those who will be advancing to a future position in which they'll be providing BAS, GST and/or accounting services.  The course is a great choice if you're currently working in a bookkeeping, accounting or BAS agent role without formal qualifications, or if you're looking to enter the accounting profession from the outset.

Employers, more than ever before, are looking for candidates who can meet the challenges of being a successful accountant, tax and BAS agent and graduate at the leading edge of their field.

The Diploma of Accounting is provided online, and equips you with the skills to enable you to progress into an entry level position as an Accounts Clerk, Accounts Payable/Receivable Officer, Accounts Assistant, or Senior Bookkeeper.

By studying the Diploma in Accounting, you'll effectively learn how to:

  • Prepare financial reports
  • Prepare tax documentation for individuals
  • Manage budgets and forecasts
  • Develop and use complex spreadsheets
  • Establish and maintain accounting information systems

Course Outcomes
Mentor Education's Diploma of Accounting is a nationally recognised qualification, complying with the AQF standard and ASQA standards for Registered Training Organisations.

Successful completion of this qualification will help you to:

  • Be awarded and recognised as holding the most current nationally recognised accounting qualification
  • Be recognised for completing units covering GST and BAS which are required to become a registered BAS agent
  • Become a competent user of MYOB, the most widely known and used accounting software in Australia
  • Join the IPA as an Associate Member

Who Should Enrol?
Mentor Education’s Diploma of Accounting (FNS50215) is suitable for professionals currently in industry in a bookkeeping or accounting role, looking to build on their existing skills and knowledge with a formal qualification. The course is also suitable for those seeking to enter the profession in an accounting role in the future.  

The course can be tailored to meet the needs of BAS agents, accountants and institutions.  The course also suits candidates who currently work in accounting who do not hold formal qualifications, which may be required by the employer.

Course Entry Requirement
This is an open entry course with no prerequisite qualifications.

In order for you to successfully complete this course, we recommended that you have a strong grasp of computer/technical skills, together with MYOB installed on your PC.  You will also need access to Microsoft Excel, together with access to a reliable high quality internet connection, and of course, a keen sense of literacy and numeracy.

MYOB is available for both Windows and Mac users, but the IPA strongly recommends that you use a Windows-based system, which will make it a lot easier to follow the examples and instructions on the course.

Course Duration
We expect that you will spend around a total of 570 hours studying this course, if you're completing it on a full-time basis over a six month period.  Students who have extensive professional experience and who have perhaps had previous exposure in an accounting environment should be able to grasp concepts somewhat quicker, and you should be able to complete it in a shorter timeframe.

Course Outline

DA1 Accounting Systems

 

BSBITU402

Develop and Use Complex Spreadsheets

FNSBKG402

Establish and Maintain A Cash Accounting System

FNSBKG403  

Establish and Maintain An Accrual Accounting System

DA2 Individual Tax Returns & Business Performance

 

FNSACC501

Provide Financial and Business Performance Information

FNSACC502*

Prepare Tax Documents for Individuals *

DA3 Budgets, Forecasts & Corporate Reporting

 

FNSACC503

Manage Budgets and Forecasts

FNSACC504

Prepare Financial Reports for Corporate Entities

FNSACC301

Process Financial Transactions and Extract Interim Reports

DA4 Control Procedures & Management Accounting

 

FNSACC506

Implement and Maintain Internal Control Procedures

FNSACC507 

Provide Management Accounting Information

BSBFIA401

Prepare Financial Reports

Competencies

Core Units

 

FNSACC501                                                                                 

Provide financial and business performance information

FNSACC502*

Prepare tax documents 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                                         

 

BSBFIA401

Prepare financial reports

BSBITU402

Develop and use complex spreadsheets

FNSACC301

Process financial transactions and extract interim reports

FNSBKG402

Establish and maintain a cash accounting system

FNSBKG403

Establish and maintain an accrual accounting system

* Units included in the Tax Practitioners Board approved course in Australian taxation law

Complete Course Cost
The total cost of this course is $2121.

Individual Unit Costs 
$608  DA1  Accounting Systems
$405  DA2  Individual Tax Returns and Business Performance
$608  DA3  Budgets, Forecasts & Corporate Reporting 
$608  DA4  Control Procedures & Management Accounting

Assessment
We have designed our assessment activities in line with best practice standards to help you deliver quality advice outcomes to your clients.

There are two forms of assessment:

  • Multiple choice knowledge test
  • Assessment tasks based on the practical application of concepts learned

Enrol now
Enrolling into the course is a simple and easy 2-step process. Click on the links below to download your enrolment form, and to send it to us via email.  After that, you'll shortly receive your course enrolment details.

1. Click to download the online enrolment form

2. Click to lodge your completed enrolment