Qualification Outline

Date retreived
22/07/2026 1:28 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.

Diploma of Accounting

Diploma of Accounting

Qualification
National Code:
FNS50222
State Code:
BHX1
TGA Status:
Current
DTWD Status:
Approved
National Endorsed, State Implementation and Classification
Field of Education
0801 - Accounting
Original TGA Release Date
15/06/2022
Approved Date
07/12/2022
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
595
Duration
1 Semester
Current Release Number
2.00
Current Release Date
23/09/2022
VET Act Conditions
Releases
Release Version Release Date TGA Status DTWD Status
2.00 23/09/2022 Current Approved
1.00 15/06/2022 Replaced Approved
Description

This qualification reflects 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 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.

Schedule
Packaging Rules
Total number of units = eleven (11)
- seven (7) core units plus
- four (4) elective units, of which:
- at least two (2) must be from the elective units listed below
- up to two (2) may be from any currently endorsed Certificate IV or above training package qualification or accredited course.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.
1. Core Units

All seven (7) units must be completed.

State Code National Code Title Hours Type
OCD99 BSBTEC402 Design and produce complex spreadsheets 60 Unit of competency
OEB80 FNSACC526 Implement and maintain internal control procedures 30 Unit of competency
OED03 FNSACC523 Manage budgets and forecasts 50 Unit of competency
OEC09 FNSACC524 Prepare financial reports for corporate entities 65 Unit of competency
OEB73 FNSACC522 Prepare tax documentation for individuals 70 Unit of competency
OEC93 FNSACC521 Provide financial and business performance information 50 Unit of competency
OED06 FNSACC527 Provide management accounting information 60 Unit of competency
2. Elective Units

At least two (2) units must be chosen from the elective units listed below. Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
OED10 FNSINC611 Apply economic principles to work in the financial services industry 55 Unit of competency
OEC13 FNSINC514 Apply ethical frameworks and principles to make and act upon decisions 35 Unit of competency
OEB74 FNSTPB517 Apply legal principles in commercial law when providing tax (financial) advice services 55 Unit of competency
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
OEB75 FNSTPB516 Apply taxation requirements when providing tax (financial) advice services 55 Unit of competency
OBR52 FNSFMK515 Comply with financial services regulation and industry codes of practice 40 Unit of competency
AUQ17 FNSACC505 Establish and maintain accounting information systems 40 Unit of competency
AUQ19 FNSACC607 Evaluate business performance 55 Unit of competency
OED09 FNSINC513 Identify and apply complex ethical decision making to workplace situations 35 Unit of competency
OEC11 FNSPAY514 Interpret and apply knowledge of industrial regulations relevant to payroll 50 Unit of competency
OEC00 FNSPAY515 Interpret and apply knowledge of taxation systems relevant to payroll 35 Unit of competency
OCZ74 FNSINC612 Interpret and use financial statistics and tools 55 Unit of competency
OCE19 BSBLDR413 Lead effective workplace relationships 40 Unit of competency
AUQ15 FNSACC601 Prepare and administer tax documentation for legal entities 80 Unit of competency
AUS37 FNSORG506 Prepare financial forecasts and projections 60 Unit of competency
OBR55 FNSORG515 Prepare financial reports to meet statutory requirements 50 Unit of competency
OEC10 FNSPAY513 Process complex employee terminations in payroll 35 Unit of competency
OED07 FNSPAY511 Process salary packaging arrangements and additional allowances in payroll 50 Unit of competency
OEC97 FNSPAY512 Process superannuation payments in payroll 25 Unit of competency
Replaces
State Code National Code Title Type
BDP8 FNS50217 Diploma of Accounting Qualification
No information
Entry Requirements

Prior to commencing this qualification an individual 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.

Traineeships and Apprenticeships
No information