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 $2990.

Individual Unit Costs 
$510  DA1  Accounting Systems
$764  DA2  Individual Tax Returns and Business Performance
$934  DA3  Budgets, Forecasts & Corporate Reporting 
$934  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