Course Description

Designed with full and part-time workers in mind, this course will prepare you to make informed strategic decisions and upgrade your career. Suitable for people with some accounting experience, the course allows you to start anytime and fit your studies around your life thanks to its flexible online format.

Potential career outcomes

  • Junior Accountant
  • Senior Accounts Clerk
Course number E1088
Qualification name FNS60215 Advanced Diploma of Accounting
Course duration Maximum 24 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Case studies, Demonstrations, Presentations, Questions, Verbal assessments, Written reports
Awarded by
  • Open Colleges (Provider number: 90796)

Education

There are no formal education entry requirements for this course.

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.

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.

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

  • 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
  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports

Module 2

  • 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

Module 3

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

Module 4

  • Assess client needs
  • Analyse data
  • Prepare advice

Module 5

  • Compile data
  • Prepare reports

Module 6

  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity

Module 7

  • Evaluate returns to operations
  • Determine short-term and long-term needs
  • Review performance
  • Review data
  • Determine options
  • Implement strategies
  • Evaluate outcomes

Module 8

  • Gather and record operating and cost data
  • Analyse data and assign costs
  • Prepare cost reports and budgets
  • Analyse cost reports and budgets, and review costing system integrity
  • Compile data
  • Identify appropriate reporting entities
  • Prepare reports
  • Analyse reports

Module 9

  • 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 10

  • Assess financial risk exposure
  • Develop risk management processes
  • Identify and evaluate key ethical, legislative and organisational considerations for risk management options
  • Analyse financial histories
  • Establish processes to minimise risks

Bonus Skill Set (optional)

  • Implement integrated accounting system
  • Process transactions within system
  • Maintain system
  • Produce reports
  • Ensure system integrity
  • 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

 

 

What are my payment options?

Pay in full

If you pay your course fees up-front in full, you’ll benefit from a discount. When you pay in full, we don’t have to spend extra money on administration for tasks such as payment plan processing. Instead, we get to pass this saving onto you in the form of a discount.

ZipMoney Payment Plan

If you need a little more flexibility in your finances, and want to pay off your course fees over a longer period of time, you can switch to a zipMoney payment plan. Essentially, zipMoney pays your course fees for you, and you pay this loan back over 24, 36 or 48 months. As long as you are eligible, you can switch to a zipMoney plan at any time.

Payment Plan

Pay for you course in weekly or fortnightly instalments. By paying in instalments, you can schedule your payments around your regular outgoings and get ahead without breaking the bank. Open Colleges payment plans are interest-free.


Find out more

Lorraine Danos

Lorraine Danos is an experienced bookkeeper who has been working as a trainer with Open Colleges since 2004. She has worked across many industries, including manufacturing, community services, hospitality and property management, and has particular experience with the transfer of records from manual to computerised systems. Lorraine has also written a bookkeeping course which was certified by the NSW Vocational Education & Training Accreditation Board (VETAB), recently replaced by the Australian Skills Quality Authority.

Melissa Nettle

Melissa has been employed within the financial services industry for the past 18 years. During this time Melissa has had experience with general accounts, lending, insurances and OHS as well as training, assessing and development. Melissa also holds a Certificate IV in Training and Assessment, obtained through further study with Open Colleges. She enjoys playing sport and in her spare time is a sports development officer and softball academy instructor.

Peter McClatchey

Peter McClatchey has spent 23 years as a chartered accountant for PricewaterhouseCoopers. He has specialised in the financial services industry, providing accounting, audit and consulting services to a wide variety of industry leading superannuation, funds management and insurance clients. He has also been heavily involved in the development and delivery of accounting and audit training programs for all levels of staff. He has lived and worked in a variety of countries, including Australia, Singapore, Hong Kong, India and Fiji, providing accounting and audit services.

Rebecca Nowak

Rebecca Nowak’s career in finance and accounting spanned a variety of corporates and the public sector. She combined her corporate experience with training and assessment to venture into teaching. Rebecca enjoys and is passionate about building student confidence and skills through education. Rebecca has a Bachelor of Business (Economics and Finance) with Distinction, Certificate IV in Training and Assessment and is a CPA.  Having studied in Australia and overseas, Rebecca continues to do pro-bono work and is always interested in keeping up to date with developments in economics, property and share markets.

Ruchi Makkar

Ruchi Makkar has been a Trainer and Assessor of accounting and bookkeeping courses since 2011, whilst continuing to work as an Accountant. She is passionate about using her industry knowledge to create positive learning experiences for all students. Ruchi holds a Masters of Commerce and a Masters of Business Administration, a Diploma of Business, Certificate IVs in Bookkeeping, Accounting and Training and Assessment, as well as a BAS Agent Registration Skill Set qualification.

Suellen Freeman

Suellen has a broad range of experience in both auditing and accounting, including managing her own business and co-authoring two accounting text books in introductory accounting and financial accounting.

Suellen has been in education for over 30 years, working with students nationally and internationally. Currently, she is self-employed as Treasurer of her Body Corporate and is actively involved in the accounting process of her building management. 

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

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Click Enrol Now and choose a payment plan or call an Education Advisor on 1300 161 345 for more details.