Qualification Outline
22/07/2026 1:28 AM AWST
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Diploma of Accounting
Diploma of Accounting
FNS50222
BHX1
Current
Approved
National Endorsed, State Implementation and Classification
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.
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.