Course Description

This exclusive bookkeeping pathway program is a combination of three accounting qualifications within a single program designed to meet the needs of today’s accounting industry:

  • FNS40215 Certificate IV in Bookkeeping
  • FNS50215 Diploma of Accounting (General stream or Tax stream)
  • FNS60215 Advanced Diploma of Accounting (General stream or Managerial Accounting stream or Tax stream)

This now means that you don’t need to have any specific bookkeeping experience to enrol in this program. Upon completion you could use your qualifications to find work in a senior accounting or financial role. An extra benefit of this pathway program is that you’ll save a significant amount in tuition fees than enrolling in each course separately.

This program meets the Tax Practitioners Board (TPB) education requirements for registered BAS (Business Activity Statements) agents (provided you complete the relevant, elective units - see below for more details) as well as allowing you to partially complete the requirements to become a registered Tax Agent. 

Potential career outcomes

  • Accounts Payable Clerk
  • Accounts Receivable Clerk
  • Accounts Supervisor
  • BAS Agent
  • Bookkeeper
  • Office Manager
  • Payroll Clerk
  • Senior Financial Clerk
  • Tax Agent
Course number E1102
Qualification name
  • FNS60215 Advanced Diploma of Accounting
  • FNS40215 Certificate IV in Bookkeeping
  • FNS50215 Diploma of Accounting
Course duration Maximum 48 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Case Studies, Demonstrations, Multiple Choice Questions, Portfolio, Presentations, Projects, Short-Answer Questions, Written Reports
Awarded by
  • Open Colleges (Provider number: 90796)

This exclusive bookkeeping pathway program is a combination of three accounting qualifications within a single program designed to meet the needs of today’s accounting industry:

  • FNS40215 Certificate IV in Bookkeeping
  • FNS50215 Diploma of Accounting (General stream or Tax stream)
  • FNS60215 Advanced Diploma of Accounting (General stream or Managerial Accounting stream or Tax stream)

This now means that you don’t need to have any specific bookkeeping experience to enrol in this program. Upon completion you could use your qualifications to find work in a senior accounting or financial role. An extra benefit of this pathway program is that you’ll save a significant amount in tuition fees than enrolling in each course separately.

This program meets the Tax Practitioners Board (TPB) education requirements for registered BAS (Business Activity Statements) agents (provided you complete the relevant, elective units - see below for more details) as well as allowing you to partially complete the requirements to become a registered Tax Agent. 

 

 

 

 

Open Colleges may make changes to the course from time to time to reflect changes introduced to the relevant Training Package or other regulatory requirements. Please download the course guide for current information about the course and its status.

Module 1: Certificate IV in Bookkeeping

  • 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
  • Review accounts receivable process
  • Identify bad and doubtful debts
  • Review compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditors invoices for authorisation
  • Remit payments to creditors
  • Prepare accounts paid report and reconcile balances outstanding
  • 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
  • Review accounts receivable process
  • Identify bad and doubtful debts
  • Review compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditors invoices for authorisation
  • Remit payments to creditors
  • Prepare accounts paid report and reconcile balances outstanding
  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports
  • 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
  • Develop a professional working relationship with relevant parties
  • Carry out research to identify compliance requirements and support materials
  • Set up and maintain appropriate systems to meet compliance requirements
  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document
  • Establish payroll requirements
  • Record payroll data
  • Prepare and process payroll 
  • Handle payroll enquiries
  • Maintain payroll
  • 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
  • Review computing needs in the business
  • Investigate cloud computing services to meet business needs
  • Develop a plan to introduce cloud computing
  • Support implementation of the plan
  • Implement an integrated accounting system
  • Process transactions within the system
  • Maintain the system
  • Produce reports
  • Ensure system integrity
  • Prepare to develop spreadsheet
  • Develop a linked spreadsheet solution
  • Automate and standardise spreadsheet operation
  • Use spreadsheets
  • Represent numerical data in graphic form
  • Assess client needs
  • Analyse data
  • Prepare advice
  • Gather client data and verify client, organisational and legislative requirements
  • Identify, record and present client's tax documentation
  • Lodge tax documentation

Module 2: Diploma of Accounting

  • Prepare budget
  • Forecast estimates
  • Document budget
  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity
  • Compile data
  • Prepare reports
  • Review corporate governance requirements
  • Implement operating procedures
  • Monitor policy
  • Identify economic principles and theories related to financial services functions and tasks
  • Evaluate economic aspects that apply to decision making
  • Review own work
  • Maintain a personal understanding of economic policies
  • Apply statistical methods to work
  • Source and interpret statistical data
  • Analyse data using appropriate techniques and tools
  • Record statistical data analysis results and records
  • Identify and record system requirements
  • Evaluate alternative systems
  • Evaluate acceptance test system
  • Prepare system documentation
  • Implement reporting systems and records
  • Monitor reporting systems
  • Review reporting procedures

Module 3: Diploma of Accounting (Tax)

  • Prepare budget
  • Forecast estimates
  • Document budget
  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity
  • Compile data
  • Prepare reports
  • Review corporate governance requirements
  • Implement operating procedures
  • Monitor policy
  • Research legal aspects of contract and consumer law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of contract and consumer laws to client circumstances
  • Maintain legal knowledge
  • Research legal aspects of corporations and trust law relevant to client's circumstances
  • Analyse issues and risks associated with operation of a business
  • Apply knowledge of law to business structures
  • Maintain legal knowledge
  • Research legal aspects of property law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of property laws to client circumstances
  • Maintain legal knowledge

Module 4: Advanced Diploma of Accounting

  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance

Module 5: Advanced Diploma of Accounting (Tax)

  • Identify economic principles and theories related to financial services functions and tasks
  • Evaluate economic aspects that apply to decision making
  • Review own work
  • Maintain a personal understanding of economic policies
  • Apply statistical methods to work
  • Source and interpret statistical data
  • Analyse data using appropriate techniques and tools
  • Record statistical data analysis results and records
  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance
  • Identify taxation requirements for complex lodgements and returns
  • Gather and analyse data relevant to client’s tax position
  • Prepare and present tax documentation
  • Lodge tax documentation
  • Assess tax liabilities
  • Optimise tax positions
  • Establish processes and plans
  • Evaluate tax policies
  • Review tax compliance

Module 6: Advanced Diploma of Accounting (Managerial Accounting)

  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance

Education

There are no formal education entry requirements for this course.

Minimum age

You will need to be at least 18 years old.

English

This course involves reading learning content and undertaking a range of written assessments and engaging in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication. As such, entry to the course requires the successful completion of English to Year 12 level.

If you haven't successfully completed English at Year 12 level, you can demonstrate equivalency through one of the following:

  • Successful completion of a Nationally Recognised Training qualification at Certificate III level or higher; or
  • 3 years relevant industry experience in a role that requires the use of written documentation and communication

Open Colleges recognises that not all people are able to read, write and perform calculations to the same standard. See the Language, Literacy and Numeracy Considerations section for more information on tools, resources and support services provided to by Open Colleges.

Computing

You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:

All users:

  • Microsoft Office 2010 or equivalent
  • Broadband internet connection
  • 2GB of RAM
  • CD-ROM or DVD drive
  • Adobe Reader XI or equivalent
  • Adobe Flash Player 10 or higher.
  • Access to printer and associated software
  • Access to scanner and associated software
  • Digital imaging software
  • File compression software.

Windows users:

  • Microsoft Windows 7 or higher (Windows 8 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Mac OS users:

  • Mac OSX v10.5 or higher (Mac OSX v10.6 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Computing

Access to Accounting Software such as MYOB, Xero, Intuit or Reckon.

Digital equipment

You will need access to:

  • A digital video recording device and/or a digital camera and associated software to save and upload video, image and audio files to OpenSpace. Many mobile phones and smart phones include this technology.
  • Software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc. are available as a free download from the internet.

Equipment

Sharp EL735 calculator is recommended for FNSACC501 and FNSACC503.

Skills

  • Creating, saving and editing Microsoft Office documents
  • Accessing and searching the internet
  • Downloading and saving documents from websites
  • Uploading documents through websites
  • Participating in online discussions
  • Compressing image files

Language, Literacy and Numeracy

Our free online assessment tool can help give you an idea of the language, literacy and numeracy skills needed to study a VET course. This tool can also help you determine your learning level and help you plan your future studies. You can access the Language, Literacy and Numeracy tool here.

Course Materials

This course includes course materials from:

Membership

Students of this course will receive a membership to these organisation(s)

After enrolling in this program, you'll receive;

  • Institute of Certified Bookkeepers (ICB), 24-month student membership 
  • Association of Accounting Technicians Australia (AAT Australia), 12-month membership 
  • Institute of Public Accountants, 12-month membership
  • Affiliate membership with The Tax Institute, which provides you with:
    • The sought-after Taxation in Australia journal
    • Weekly TaxVine tax update e-newsletter
    • Free tax technical papers written by tax professionals for tax professionals
    • Unlimited use of the TaxLine research service
    • Access to powerful resources, progressive education and influential networks
    • Discounts on all products, events and services
    • Find out more

Start learning for less. Our payment options could help you make considerable savings on the cost of this course. 


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