Qualification Outline
22/07/2026 4:13 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
FNS50210
S718
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 4.00 | 06/09/2012 | Current | Approved |
Description
This qualification reflects professional accounting job roles in financial services and other industries.
Schedule
Packaging Rules
Total number of units = 96 core unitsplus
3 elective units
1 elective unit must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. These elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
Core Units
FNSACC501A Provide financial and business performance information
FNSACC502B Prepare legally compliant tax returns for Individuals
FNSACC503A Manage budgets and forecasts
FNSACC504A Prepare financial reports for corporate entities
FNSACC506A Implement and maintain internal control procedures
FNSACC507A Provide management accounting information
Elective Units
FNSACC505A Establish and maintain accounting information systems
FNSACC601B Prepare and administer compliant tax returns for legal entities
FNSACC607A Evaluate business performance
FNSFMK505A Comply with financial services legislation and industry codes of practice
FNSINC601A Apply economic principles to work in the financial services industry
FNSINC602A Interpret and use financial statistics and tools
FNSORG505A Prepare financial reports to meet statutory requirements
FNSORG506A Prepare financial forecasts and projections
FNSTPB501A Apply legal principles in corporations and trusts law
FNSTPB502A Apply legal principles in commercial and property law
BSBITU402A Develop and use complex spreadsheets
BSBWOR401A Establish effective workplace relationships
1. Core Units
All six (6) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| D4044 | FNSACC506A | Implement and maintain internal control procedures | 20 | Unit of competency |
| D4041 | FNSACC503A | Manage budgets and forecasts | 50 | Unit of competency |
| D4042 | FNSACC504A | Prepare financial reports for corporate entities | 70 | Unit of competency |
| WC231 | FNSACC502B | Prepare legally compliant tax returns for individuals | 70 | Unit of competency |
| D4039 | FNSACC501A | Provide financial and business performance information | 50 | Unit of competency |
| D4045 | FNSACC507A | Provide management accounting information | 60 | Unit of competency |
2. Elective Units
At least one (1) of the three (3) units required must be chosen from the elective units list.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C705 | FNS50204 | Diploma of Accounting | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AVX7 | FNS50215 | Diploma of Accounting | Qualification |
No information
Entry Requirements
The entry requirement for this qualification is completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS10.
or
Completion of the units which comprise the core from the Certificate IV in Accounting in the Financial Services Training Package FNS04.
The entry requirement can be met by evidence of equivalent competency to either of the above through recognition of prior learning (RPL).
Traineeships and Apprenticeships