Qualification Outline

Date retreived
22/07/2026 1:15 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Advanced Diploma of Accounting

Advanced Diploma of Accounting

Qualification
National Code:
FNS60215
State Code:
AWD8
TGA Status:
Replaced
DTWD Status:
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0801 - Accounting
Original TGA Release Date
25/03/2015
Approved Date
16/09/2015
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
770
Duration
1 Semester
Current Release Number
2.00
Current Release Date
22/04/2015
VET Act Conditions
Releases
Release Version Release Date TGA Status DTWD Status
2.00 22/04/2015 Current Transition (Replaced)
1.00 25/03/2015 Replaced Approved
Description

This qualification is designed to reflect the role of individuals working in accounting and seeking professional identification. At this level individuals are expected to apply theoretical and technical skills in a range of situations and to display initiative and judgement in planning activities. They have autonomy in performing complex operations and can be responsible for planning, coordinating and evaluating the work of others within broad but generally well-defined parameters.

Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume 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. Persons seeking registration with the TPB should check current registration requirements with the Board.

Schedule
Packaging Rules
Total number of units = fourteen (14)
- three (3) core units plus
- eleven (11) elective units

The elective units consist of:
- five (5) from the elective group below.

Of the remaining six (6) units:
- up to six (6) may be from the electives
- up to six (6) may be from Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.
1. Core Units

All three (3) units must be completed.

State Code National Code Title Hours Type
AUR93 FNSINC601 Apply economic principles to work in the financial services industry 55 Unit of competency
AUP48 FNSINC602 Interpret and use financial statistics and tools 55 Unit of competency
AUQ24 FNSACC604 Monitor corporate governance activities 60 Unit of competency
2. Elective Units

At least five (5) units must be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
AUT40 FNSTPB503 Apply legal principles in contract and consumer law 55 Unit of competency
AUT53 FNSTPB504 Apply legal principles in corporations and trust law 60 Unit of competency
AUT43 FNSTPB505 Apply legal principles in property law 60 Unit of competency
AUQ22 FNSACC602 Audit and report on financial systems and records 40 Unit of competency
AUR11 FNSFMK505 Comply with financial services regulation and industry codes of practice 40 Unit of competency
AUQ30 FNSACC606 Conduct internal audit 40 Unit of competency
AUS93 FNSRSK602 Determine and manage risk exposure strategies 50 Unit of competency
AUQ23 FNSACC610 Develop and implement financial strategies 55 Unit of competency
AUS52 FNSORG602 Develop and manage financial systems 60 Unit of competency
AUQ18 FNSACC609 Evaluate financial risk 35 Unit of competency
AUQ20 FNSACC608 Evaluate organisation's financial performance 55 Unit of competency
AUQ32 FNSACC611 Implement an insolvency program 80 Unit of competency
AUQ21 FNSACC506 Implement and maintain internal control procedures 20 Unit of competency
AUQ29 FNSACC605 Implement organisational improvement programs 40 Unit of competency
AUQ25 FNSACC612 Implement reconstruction plan 80 Unit of competency
AUQ13 FNSACC603 Implement tax plans and evaluate tax obligations 60 Unit of competency
AUQ15 FNSACC601 Prepare and administer tax documentation for legal entities 80 Unit of competency
AUX13 FNSACC613 Prepare and analyse management accounting information 60 Unit of competency
AUQ27 FNSACC614 Prepare complex corporate financial reports 60 Unit of competency
AUK70 BSBFIA401 Prepare financial reports 40 Unit of competency
AUQ16 FNSACC504 Prepare financial reports for corporate entities 65 Unit of competency
AUQ08 FNSACC502 Prepare tax documentation for individuals 70 Unit of competency
AUQ00 FNSACC301 Process financial transactions and extract interim reports 60 Unit of competency
AUQ11 FNSACC501 Provide financial and business performance information 50 Unit of competency
AUQ14 FNSACC507 Provide management accounting information 60 Unit of competency
Replaces
State Code National Code Title Type
S735 FNS60210 Advanced Diploma of Accounting Qualification
Replaced By
State Code National Code Title Type
BDQ1 FNS60217 Advanced Diploma of Accounting Qualification
VET Info Notes
On 25 July 2018, Australian Skills Quality Authority (ASQA) Commissioners agreed to extend the transition period of the FNS50215 Diploma of Accounting and FNS60215 Advanced Diploma of Accounting from 12 February 2019 until 12 February 2020.

ASQA made the decision following a request from PwC’s Skills for Australia, in their role as the Skills Service Organisation of the FNS training package.

This extension will be granted to all registered training organisations (RTOs) delivering the qualifications. The decision extends the transition period for these RTOs to complete the training, assessment and Australian Qualifications Framework (AQF) certification issuance.

While learners may still be enrolled in the superseded qualifications until 11 February 2019, they must be able to be completed and issued their AQF certification by 12 February 2020; otherwise, they should be enrolled in the replacement qualifications - FNS50217 Diploma of Accounting and FNS60217 Advanced Diploma of Accounting.

ASQA will publish this decision on its website and notify all affected RTOs.

Training.gov.au will not be updated to reflect the extended transition date.

If you have any questions about this decision, please contact transitionrequest@asqa.gov.au
Entry Requirements

Nil

Traineeships and Apprenticeships
No information