Learn advanced accounting concepts and skills and expand your career opportunities.
Ideally suited to students who have had some accounting experience, the course will walk you through advanced concepts and skills to ensure that you have a strong understanding of the system, and are able to graduate job-ready and in the best position for career advancement.
Nationally recognised, the Advanced Diploma also gives you the freedom to work anywhere in Australia.
This course lets you select your speciality from three streams, including: General Accounting, Tax, and Managerial Accounting, giving you complete career freedom and control. If you would like more information on the streams, visit our Tax specialisation or Managerial Accounting specialisation pages.
Potential career outcomes
- Accounts Payable Clerk
- Accounts Receivable Clerk
- Office Manager
- Senior Financial Clerk
|Qualification name||FNS60215 Advanced Diploma of Accounting|
|Course duration||Maximum 24 months|
|Assessments||Case studies, Demonstrations, Presentations, Questions, Verbal assessments, Written reports|
There are no formal education entry requirements for this course.
You will need to be at least 18 years old.
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.
You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:
- 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.
- 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)
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.
Sharp EL735 calculator is recommended for FNSACC501 and FNSACC503.
- 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.
|FNSACC301||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
|BSBFIA401||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
|FNSINC601||Apply economic principles to work in the financial services industry|
- 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
|FNSINC602||Interpret and use financial statistics and tools|
- Apply statistical methods to work
- Source and interpret statistical data
- Analyse data using appropriate techniques and tools
- Record statistical data analysis results and records
|FNSACC604||Monitor corporate governance activities|
- Establish corporate governance standards and practices
- Identify corporate governance reporting trends
- Determine processes for corporate governance adherence
- Review corporate governance compliance
|FNSACC506||Implement and maintain internal control procedures|
- Review corporate governance requirements
- Implement operating procedures
- Monitor policy
|FNSACC501||Provide financial and business performance information|
- Assess client needs
- Analyse data
- Prepare advice
|FNSACC503||Manage budgets and forecasts|
- Prepare budget
- Forecast estimates
- Document budget
|FNSACC507||Provide management accounting information|
- Gather and record operating and cost data
- Analyse data
- Prepare budgeted reports
- Review costing system integrity
|FNSACC505||Establish and maintain accounting information systems|
- 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
|FNSACC605 Implement organisation||Implement organisational improvement programs|
- Review programs
- Contribute to strategic development
- Develop options for improvement
- Establish systems to support change
|FNSACC606||Conduct internal audit|
- Evaluate information systems
- Develop implementation plans
- Review resource use
- Monitor plans
|FNSACC502||Prepare tax returns for individuals|
- Gather client data and verify client, organisational and legislative requirements
- Identify, record and present client's tax documentation
- Lodge tax documentation
|FNSACC504A||Prepare financial reports for corporate entities|
- Compile data
- Prepare reports
Module 10: Bonus Skill Set
|FNSACC406||Set up and operate computerised accounting systems|
- Implement integrated accounting system
- Process transactions within system
- Maintain system
- Produce reports
- Ensure system integrity
|BSBSMB412||Introduce cloud computing into business operations|
- 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
David ParasolDavid is the managing director of an accounting firm and training organisation that provides taxation, bookkeeping, consulting and training solutions to accounting firms, government departments and public and private companies of all sizes. David has had over 20 years of experience in public practice, working primarily in taxation and business services, he has also been heavily involved in the development and delivery of accounting and taxation training programs for all levels of staff. David holds a Bachelor of Business (Accounting) and is a member of the Institute of Chartered Accountants.
Hollie GourlayHollie brings a wealth of industry experience to her role as an accomplished MYOB tutor. She has significant work experience in the areas of tax accounting, systems accounting, and small business bookkeeping. This experience, combined with her knowledge and skills as a computer technician, provides the ideal platform for supporting her students in an online learning mode. Hollie holds a Bachelor of Business (Accounting) from RMIT University, a Diploma of Management, a Certificate IV in Bookkeeping, and a Certificate IV in Training and Assessment.
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
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