Qualification Outline

Date retreived
22/07/2026 4:44 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:
FNS50217
State Code:
BDP8
TGA Status:
Replaced
DTWD Status:
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0801 - Accounting
Original TGA Release Date
13/02/2018
Approved Date
11/03/2021
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
560
Duration
1 Semester
Current Release Number
3.00
Current Release Date
04/11/2020
VET Act Conditions
Releases
Release Version Release Date TGA Status DTWD Status
3.00 04/11/2020 Current Transition (Replaced)
2.00 06/09/2018 Replaced Approved
1.00 13/02/2018 Replaced Approved
Description

This qualification reflects professional 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 FNS Financial Services Training Package Companion Volume Implementation Guide 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, 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)

6 core units plus
5 elective units , of which:
- up to 5 may be from the elective units listed below
- up to 2 may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course, provided they do not duplicate the outcome of another unit chosen for the qualification.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, and contribute to a valid vocational outcome.
1. Core Units

All six (6) units must be completed

State Code National Code Title Hours Type
BBH73 FNSACC516 Implement and maintain internal control procedures 20 Unit of competency
BBH96 FNSACC513 Manage budgets and forecasts 50 Unit of competency
BBH98 FNSACC514 Prepare financial reports for corporate entities 65 Unit of competency
BBH89 FNSACC512 Prepare tax documentation for individuals 70 Unit of competency
BBH87 FNSACC511 Provide financial and business performance information 50 Unit of competency
BBH81 FNSACC517 Provide management accounting information 60 Unit of competency
2. Elective Units

All five (5) units may be chosen from the elective units list.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
AUR93 FNSINC601 Apply economic principles to work in the financial services industry 55 Unit of competency
BBH69 FNSINC504 Apply ethical frameworks and principles to make and act upon decisions 35 Unit of competency
AUT46 FNSTPB507 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
AUT48 FNSTPB506 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
OCD99 BSBTEC402 Design and produce complex spreadsheets 60 Unit of competency
AUQ17 FNSACC505 Establish and maintain accounting information systems 40 Unit of competency
AUQ19 FNSACC607 Evaluate business performance 55 Unit of competency
BBH97 FNSINC503 Identify situations requiring complex ethical decision making 35 Unit of competency
BBI04 FNSPAY504 Interpret and apply knowledge of industrial regulations relevant to payroll 50 Unit of competency
BBH95 FNSPAY505 Interpret and apply knowledge of taxation systems relevant to payroll 35 Unit of competency
AUP48 FNSINC602 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
AUS46 FNSORG505 Prepare financial reports to meet statutory requirements 50 Unit of competency
BBH72 FNSPAY503 Process complex employee terminations in payroll 35 Unit of competency
BBH74 FNSPAY501 Process salary packaging arrangements and additional allowances in payroll 50 Unit of competency
BBH85 FNSPAY502 Process superannuation payments in payroll 25 Unit of competency
BBH88 FNSACC408 Work effectively in the accounting and bookkeeping industry 55 Unit of competency
Replaces
State Code National Code Title Type
AVX7 FNS50215 Diploma of Accounting Qualification
Replaced By
State Code National Code Title Type
BHX1 FNS50222 Diploma of Accounting Qualification
No information
Entry Requirements

Completion of the FNSSS00014 Accounting Principles Skill Set;
OR
Completion of FNS40217 Certificate IV in Accounting and Bookkeeping or equivalent; or its superseded versions (FNS40215 Certificate IV in Bookkeeping or FNS40615 Certificate IV in Accounting) or their equivalent.

Traineeships and Apprenticeships
No information