Cengage Education is now
Open Colleges
Welcome to a new era in open learning

Print Page

Course: Diploma of Accounting FNS50210

Open Colleges' (formerly Cengage Education) Diploma of Accounting FNS50210 is a smart choice for finance professionals looking to take the next step in their career.

The course has been especially developed as a learning pathway that allows you to enrol into the prerequisite units and nationally recognised Diploma of Accounting FNS50210. It provides valuable preparation for accounting professionals who introduce and maintain accounting systems, report on business performance and develop business plans. It also provides training in the preparation of income tax returns, and partially fulfils the Tax Practitioners Board (TPB) education requirements for registration as a tax agent.

Start anytime, study at your own pace and earn a nationally recognised qualification that is highly regarded by employers. As an Open Colleges student, you'll be guided through your studies by an experienced trainer and have access to the interactive online portal OpenSpace. At the successful completion of your course, you'll have a qualification that is recognised by the Association of Accounting Technicians Australia.

Potential jobs:

Assistant accountant
Senior financial clerk

Extras

Your 12-month complimentary Association of Accounting Technicians Australia (AAT Australia) membership comes with numerous benefits, including:

monthly email publication News Update
services and work aids at discounted cost, including bookkeeping publications, professional indemnity insurance and other useful, cost-effective benefits.

Upgrading your qualification?

Credit Transfer

If you have successfully completed the Certificate IV in Accounting FNS40610, you are eligible for credit for nine units in this course.

Recognition of Prior Learning

If you have successfully completed the Certificate IV in Accounting FNS40604, you will only need to complete nine specified units to gain your Diploma of Accounting FNS50210. If you hold a Certificate IV in Financial Services (Bookkeeping) FNS40207 and successfully complete the Bridging Course for Bookkeepers, you only need to complete 10 specified units to gain your Diploma of Accounting FNS50210.

Course Number	E0136
Course Fees From	View our payment options

Delivery mode:	Print or online
Course duration:	Max 24 months
Assessments:	Case studies, reports and knowledge tests
Qualification:	Diploma
Nationally Recognised	Yes
Government Funding	No

Career One jobs for:
Assistant & Part-Qualified Accountants	172
Accounts Clerk & Administration	145
Accounts Payable & Accounts Receivable	475
General/Other: Accounting	644
Payroll & Benefits Administration	233

ID	Subject expand all

FNSINC401A	Apply principles of professional practice to work in the financial services industry Identify the scope, sectors and responsibilities of the industry Identify and apply financial services industry guidelines, procedures and legislation Identify sustainability issues for the financial services industry Manage information Participate in and facilitate work team activities Plan work to be completed taking into consideration time, resources and other constraints Develop and maintain personal competency
BSBOHS303B	Contribute to OHS hazard identification and risk assessment Contribute to workplace hazard identification Gather information about workplace hazards Contribute to OHS risk assessment
BSBITU306A	Design and produce business documents Select and prepare resources Design document Produce document Finalise document
BSBFIA401A	Prepare financial reports Maintain asset register Record general journal entries for balance-day adjustments Prepare final general ledger accounts Prepare end-of-period financial reports
FNSACC404A	Prepare financial statements for non-reporting entities Compile data Prepare reports
FNSACC301A	Process financial transactions and extract interim reports Check and verify supporting documentation Prepare and process banking and petty cash documents Prepare and process invoices for payment to creditors and for debtors Prepare journals and batch monetary items Post journals to ledger Enter data into system Prepare deposit facility and lodge flows Extract a trial balance and interim reports
FNSBKG404A	Carry out business activity and instalment activity statement tasks Identify individual compliance and other requirements Recognise and apply GST implications and code transactions Report on payroll activities Report on other amounts withheld, Pay As You Go (PAYG) instalments and taxes Complete and reconcile the Activity Statement Lodge Activity Statement
FNSACC406A	Set up and operate a computerised accounting system Implement an integrated accounting system Process transactions within the system Maintain the system Produce reports Ensure system integrity
FNSACC403A	Make decisions in a legal context Identify the main roles and responsibilities of the key bodies in the legal system Identify compliance requirements Develop procedures to ensure compliance
BSBITU402A	Develop and use complex spreadsheets Prepare to develop spreadsheet Develop a linked spreadsheet solution Automate and standardise spreadsheet operation Use spreadsheets Represent numerical data in graphic form
FNSACC506A	Implement and maintain internal control procedures Review corporate governance requirements Implement operating procedures Monitor policy
FNSACC507A	Provide management accounting information Gather and record operating and cost data Analyse data Prepare budgeted reports Review costing system integrity
FNSACC503A	Manage budgets and forecasts Prepare budget Forecast estimates Document budget
FNSACC504A	Prepare financial reports for corporate entities Compile data Prepare reports
FNSACC501A	Provide financial and business performance information Assess client needs Analyse data Prepare advice
FNSACC502A	Prepare income tax returns for individuals Gather and verify data Calculate taxable income Review compliance
FNSACC601A	Prepare complex tax returns Identify taxation requirements for complex lodgements and returns Gather and analyse taxation-related data Process data and prepare tax returns and lodgements Review taxation lodgement compliance
FNSACC603A	Implement tax plans and evaluate tax compliance Assess tax liabilities Optimise tax positions Establish processes and plans Evaluate tax policies Review tax compliance

Entry requirements

Minimum education

School Certificate with high marks in accounting/commerce/maths) or equivalent OR relevant qualifications such as Certificate III in Accounts Administration FNS30310 OR relevant vocational experience.

If you hold a Certificate IV in Financial Services (Bookkeeping) FNS40207, you will first need to complete the Open Colleges Bridging Course for Bookkeepers, which includes three additional units required to complete this course. To find out more about the Open Colleges Bridging Course for Bookkeepers, please contact a course and careers adviser on 1300 853 033.

Minimum age

Minimum age of 16 years. If you are under 18 your application must be signed by a parent or guardian.

Computer requirements

Students will need access to a computer and the internet. For students who do not have access to either a computer or the internet please contact a student support officer to discuss alternative methods of communication.

Minimum specifications for PC are:

Microsoft Office 2003 or equivalent,
Microsoft Windows XP and
CD-ROM drive.

Students will also need access to a printer and the following applications:

Adobe Acrobat Reader and
Macromedia Flash player.

English language requirements

If English is not your first language and you did not complete the last two years of secondary education in English, you are required to provide evidence of English language competency before enrolling into the course. Examples of appropriate evidence are listed below:

Evidence	Example
IELTS	Overall score of 5.5
TOEFL	530 (paper), 197 (computer) or 71 (internet)
12 months in English-speaking employment	Testimonial, statutory declaration

Additional requirements

There are no additional requirements for this course.

Successful completion of the Diploma of Accounting FNS50210 leads to partial completion of the Advanced Diploma of Accounting FNS60210. Please contact us for details.

Nilima Paul

Nilima is a passionate trainer and an academic, and brings a wealth of knowledge and experience to her with Open Colleges. She has amassed more than 21 years' experience teaching accounting, finance, business and statistics subjects around the world at institutions including the University of New England, James Cook University, The Holmes Institute, Global College and the University of Chittagong.

She has numerous qualifications to her credit, including a PhD in Accounting, a Master of Commerce (Accounting), Bachelor of Commerce with Honours in Accounting, as well as a Diploma of Business (Accounting). Her main areas of academic training and expertise are accounting, finance and computerised accounting. Nilima has also written many accounting courses and modules.

She thrives on a challenge and enjoys helping others to achieve their best. Nilima's career goal is to impart knowledge to students in a manner that continually inspires them to learn.

Cameron Clark

Cameron Clark has more than 25 years of finance experience, having worked for chartered accounting firms such as Coopers & Lybrand for 10 years and then in the commercial world.

In his chartered accounting years, Cameron worked in business services, focusing on small to medium-sized businesses within Australia. In 1994, Cameron moved to London and into the commercial environment, working for an American energy company for three years. He then returned to Australia to work for Channel 7.

Cameron has been the finance director for a telecommunications company, financial controller of the Real Estate Institute of NSW and the CFO of an Australian subsidiary of Microsoft.

Extremely well qualified, Cameron has a Bachelor of Economics and Master of Economics, and is an Australian chartered accountant. He also has a Diploma in Business (Real Estate Management), a Certificate IV in Workplace Training & Assessment, and is a master NLP coach and a licensed business improvement specialist.

Doug Gourlay

Doug Gourlay has been helping others to learn for more than 25 years, lecturing in financial management, management accounting, computerised accounting and a range of other computer application subjects.

He is a published author with a range of textbooks to his credit, including several self-paced guides covering MYOB business software products, and has extensive experience with learning in an off-campus or on-line mode.

Doug holds a Bachelor of Commerce and a Diploma in Education from the University of Melbourne, as well as a Certificate IV in Assessment & Workplace Training.

Possible Jobs for this Course include: Accounts Payable Deliver Excellent Service to Suppliers TEMPORARY - Up to 4 months High Profile Organisation Varied Accounts Payable Role An immediately available and experienced Accounts Payable Officer is required ASAP for this large and dynamic manufacturing company ba...

Reconciliations Officer Global brand - ASX listed operations Organisation under a significant growth phase Southside location - drive to work! Our client is a multinational organization utillising the talent of over 1000 employees and is recognized as one of Australia’s leading ...

ACCOUNTANT- BUSINESS SERVICES INTERMEDIATES & SENIORS - CA - Choices!!! The Sydney Accounting field is a large market place and I work with professions with reason for leaving that range from the common to the down right strange. I believe no matter what your reasons for moving, there is a solution and an ideal role and compa...

Business Services Senior. $82-68K. Benefits? Tax planning, ad hoc advice and special projects End to end management and client liaison Listed clients from professional practice, construction and IT. Personal income protection insurance, free weekly lunch Your birthday off and 2 extra public holidays...

Payroll Officer Secure a role that will support growth Be Part of a Supportive Team Work with a Multinational Temp-Perm This company is a large engineering and contracting firm with operations across Australia and South East Asia has well and truly cemented themselves at...

Senior Payroll Officer Work with a Multinational Fantastic salary package Close to public transport - North Ryde Location This Leading Engineering business with a reputation for employing high calibre talent is seeking the support of a pro-active Payroll Officer to join a dynam...

Available payment options

Pay Just $79.25 per week with a $100.00 deposit

Pay in full $3,884.00 and save $971.00

Fortnightly and monthly payment plans are also available through EduPay. Click Enrol Now and choose a payment plan or call a Course and Careers advisor on 1300 853 033 for more details. (Prices shown are for the online study option only. A surcharge is applicable for the print study option).

Start today - enrol now

Government Funding

In some instances, students may be eligible for Austudy, Centrelink or other government-funded programs to help with study. Please check with Centrelink regarding eligibility, or contact a course and careers advisor on 1300 853 033.

Take the next step

Call us on 1300 853 033 Start today - enrol now

Enquire Now

Fill in your details and one of our course & careers advisors will be in touch.

First Name *

Last Name *

Email *

Phone *

State *

Please Opt me in Lorem Ipsum

Submit enquiry

Student Testimonial

"I absolutely loved the challenge and I got great support from my tutor."
- Susan H

Top of page

Open Colleges Policies

Promotions

Frequently asked questions

Enrol Now

1300 853 033 Enquire now

OpenSpace

Connect with us

Find us on facebook

Site Map

Terms & Conditions

Open Colleges Group

Course: Diploma of Accounting FNS50210

Extras

Upgrading your qualification?

Credit Transfer

Recognition of Prior Learning

ID

Subject

Entry requirements

Minimum education

Minimum age

Computer requirements

English language requirements

Evidence

Example

Additional requirements

Nilima Paul

Cameron Clark

Doug Gourlay

Available payment options

Government Funding

Take the next step

Student Testimonial

Student Testimonials

Recognition of Prior Learning

Student Support

About Our Trainers

All Courses