The FNS50217 Diploma of Accounting will provide you with practical training in the many areas of the accounting discipline. This course is highly useful for employees who currently need to perform accounting duties in their day-to-day, such as introducing and maintaining accounting systems, reporting on business performance, and preparing financial statements. But it is also a great choice for those looking to launch their career in accounting as it will help you develop job-ready skills and knowledge, so you can hit the ground running.
Please note that on the 14th of June 2022 this course was superseded and replaced by FNS50222 Diploma of Accounting. You can still enrol, however at the moment, the new course is not yet available. Open Colleges will communicate with you in due course once the new course is available.
If you are an existing worker or have experience in the related industry, please inform our enrolment consultants during your enrolment conversation. You may be eligible to enrol as an existing worker and complete your studies faster. Please note - limitations do apply.
Course number | E1359 |
Qualification name | FNS50217 Diploma of Accounting |
Course duration | Maximum 24 months |
Delivery Method | Online |
Recognition | Nationally Recognised ![]() |
Assessments | Demonstrations, Knowledge tests, Projects, Written reports |
Awarded by | Open Colleges Pty Ltd (Provider number: 90796) |
Some assessments will require other participants to act as characters in role plays designed to demonstrate practical and oral communication skills. Students will be required to source and arrange these other participants, participants can be family, friends or workplace colleagues.
There are training package entry requirements for FNS50217 Diploma of Accounting. To be able to enter this qualification learners must have completed one of the following:
-Completion of the FNSSS00014 Accounting Principles Skill Set;
or
- Completion of FNS40615 Certificate IV in Accounting or equivalent;
or
-Completion of FNS40215 Certificate IV in Bookkeeping or equivalent;
or
-Completion of FNS40217 - Certificate IV in Accounting and Bookkeeping or equivalent;
or
-Completion of FNS40215 Certificate IV in Bookkeeping or equivalent;
There are prerequisite units for FNSACC514 Prepare financial reports for corporate entities which is delivered the FNS50217 Diploma of Accounting. To be able to enrol into the unit of competency learners must have completed the following units within the FNS40217 Certificate IV in Accounting and Bookkeeping:
- BSBFIA401 Prepare financial reports or equivalent
- FNSACC311 Process financial transactions and extract interim reports or equivalent
Please note learners must provide evidence of the qualification and units of competency upon enrolment.
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:
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 by Open Colleges.
Access to others
This course includes a requirement to record video and/ or audio roleplays. These will require participation by 1-2 other people sourced by you.
Tools and equipment
You will need to purchase specific tools and equipment for this course. Click here to view the complete list of materials, equipment and tools required for this course. IT Requirements It is recommended that students have the following hardware and additional software:
To successfully complete this course, learners will require basic computing skills. This includes:
Office equipment and resources including telephone, photocopier, scanner and printer.
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.
FNSACC408 | Work effectively in the accounting and bookkeeping industry |
BSBTEC402 | Design and produce complex spreadsheets |
FNSACC511 | Provide financial and business performance information |
FNSACC516 | Implement and maintain internal control procedures |
FNSACC513 | Manage budgets and forecasts |
FNSACC517 | Provide management accounting information |
FNSACC514 | Prepare financial reports for corporate entities |
FNSACC505 | Establish and maintain accounting information systems |
FNSINC601 | Apply economic principles to work in the financial services industry |
FNSINC602 | Interpret and use financial statistics and tools |
FNSACC512 | Prepare tax documentation for individuals |
This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision.
Pay in Full
You can choose to pay your course fees in full upon enrolment and benefit from a 10% discount (unless otherwise advertised).
Pay 50% & Payment Plan Combo
You can also choose to pay 50% of your total course fees upon enrolment and the balance on a Payment Plan. When you do, you’ll benefit from 50% of the standard Pay in Full discount (unless otherwise advertised).
Payment Plan
You can choose to pay for your 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.
BPAY®
With BPAY®, you’re able to pay quickly and securely, 24/7 through your internet, mobile or phone banking service. You can choose when, how much and from which account to pay from - whatever works for you. BPAY® is only available when paying in full. Call an Enrolment Consultant to find out more.
BPAY® is a trademark of BPAY Pty Ltd ABN 69 079 137 518. Check if BPAY® is right for you by reading the terms and conditions available from your Financial Institution.
Holly is an enthusiastic and dedicated professional with over 20 years experience in business administration, account management, marketing and print. She has also been working within the education and training industry since 2013, in both a face-to-face and online capacity and is passionate about the power of education. Holly runs a small online business and holds a position on the Australian Institute of Office Professionals (AIOP) WA Division Committee.
Holly holds a Bachelor of Commerce, Diploma of Business Administration, Diploma of Business, Diploma of Marketing Communication, Diploma of Social Media Marketing, Certificate IV in Training & Assessment and a Certificate III in Printing & Graphic Arts.
Kimberly has over 11 years’ experience in training and assessment in tertiary and vocational education and training institutes. She has also run her own public accounting and tax practice for over two years, after 10 years of working in tax and accounting field. Kimberly holds a Masters of Business Administration majoring in Professional Accounting and is a Certified Professional Accountant with a passion for teaching.
Students of this course will receive a membership to these organisation(s)
The Institute of Public Accountants (IPA) is one of Australia's oldest representative professional bodies, formed in 1923. It is one of the three legally recognised professional bodies for accountants in Australia.[1] The IPA represents more than 35,000 members and students working in industry, commerce, government, academia and professional practice.
Membership benefits include:
The FNS50217 Diploma of Accounting will provide you with practical training in the many areas of the accounting discipline. This course is highly useful for employees who currently need to perform accounting duties in their day-to-day, such as introducing and maintaining accounting systems, reporting on business performance, and preparing financial statements. But it is also a great choice for those looking to launch their career in accounting as it will help you develop job-ready skills and knowledge, so you can hit the ground running.
Please note that on the 14th of June 2022 this course was superseded and replaced by FNS50222 Diploma of Accounting. You can still enrol, however at the moment, the new course is not yet available. Open Colleges will communicate with you in due course once the new course is available.
If you are an existing worker or have experience in the related industry, please inform our enrolment consultants during your enrolment conversation. You may be eligible to enrol as an existing worker and complete your studies faster. Please note - limitations do apply.
Course number | E1359 |
Qualification name | FNS50217 Diploma of Accounting |
Course duration | Maximum 24 months |
Delivery Method | Online |
Recognition | Nationally Recognised ![]() |
Assessments | Demonstrations, Knowledge tests, Projects, Written reports |
Awarded by | Open Colleges Pty Ltd (Provider number: 90796) |
Some assessments will require other participants to act as characters in role plays designed to demonstrate practical and oral communication skills. Students will be required to source and arrange these other participants, participants can be family, friends or workplace colleagues.
There are training package entry requirements for FNS50217 Diploma of Accounting. To be able to enter this qualification learners must have completed one of the following:
-Completion of the FNSSS00014 Accounting Principles Skill Set;
or
- Completion of FNS40615 Certificate IV in Accounting or equivalent;
or
-Completion of FNS40215 Certificate IV in Bookkeeping or equivalent;
or
-Completion of FNS40217 - Certificate IV in Accounting and Bookkeeping or equivalent;
or
-Completion of FNS40215 Certificate IV in Bookkeeping or equivalent;
There are prerequisite units for FNSACC514 Prepare financial reports for corporate entities which is delivered the FNS50217 Diploma of Accounting. To be able to enrol into the unit of competency learners must have completed the following units within the FNS40217 Certificate IV in Accounting and Bookkeeping:
- BSBFIA401 Prepare financial reports or equivalent
- FNSACC311 Process financial transactions and extract interim reports or equivalent
Please note learners must provide evidence of the qualification and units of competency upon enrolment.
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:
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 by Open Colleges.
Access to others
This course includes a requirement to record video and/ or audio roleplays. These will require participation by 1-2 other people sourced by you.
Tools and equipment
You will need to purchase specific tools and equipment for this course. Click here to view the complete list of materials, equipment and tools required for this course. IT Requirements It is recommended that students have the following hardware and additional software:
To successfully complete this course, learners will require basic computing skills. This includes:
Office equipment and resources including telephone, photocopier, scanner and printer.
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.
FNSACC408 | Work effectively in the accounting and bookkeeping industry |
BSBTEC402 | Design and produce complex spreadsheets |
FNSACC511 | Provide financial and business performance information |
FNSACC516 | Implement and maintain internal control procedures |
FNSACC513 | Manage budgets and forecasts |
FNSACC517 | Provide management accounting information |
FNSACC514 | Prepare financial reports for corporate entities |
FNSACC505 | Establish and maintain accounting information systems |
FNSINC601 | Apply economic principles to work in the financial services industry |
FNSINC602 | Interpret and use financial statistics and tools |
FNSACC512 | Prepare tax documentation for individuals |
This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision.
Pay in Full
You can choose to pay your course fees in full upon enrolment and benefit from a 10% discount (unless otherwise advertised).
Pay 50% & Payment Plan Combo
You can also choose to pay 50% of your total course fees upon enrolment and the balance on a Payment Plan. When you do, you’ll benefit from 50% of the standard Pay in Full discount (unless otherwise advertised).
Payment Plan
You can choose to pay for your 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.
BPAY®
With BPAY®, you’re able to pay quickly and securely, 24/7 through your internet, mobile or phone banking service. You can choose when, how much and from which account to pay from - whatever works for you. BPAY® is only available when paying in full. Call an Enrolment Consultant to find out more.
BPAY® is a trademark of BPAY Pty Ltd ABN 69 079 137 518. Check if BPAY® is right for you by reading the terms and conditions available from your Financial Institution.
Holly is an enthusiastic and dedicated professional with over 20 years experience in business administration, account management, marketing and print. She has also been working within the education and training industry since 2013, in both a face-to-face and online capacity and is passionate about the power of education. Holly runs a small online business and holds a position on the Australian Institute of Office Professionals (AIOP) WA Division Committee.
Holly holds a Bachelor of Commerce, Diploma of Business Administration, Diploma of Business, Diploma of Marketing Communication, Diploma of Social Media Marketing, Certificate IV in Training & Assessment and a Certificate III in Printing & Graphic Arts.
Kimberly has over 11 years’ experience in training and assessment in tertiary and vocational education and training institutes. She has also run her own public accounting and tax practice for over two years, after 10 years of working in tax and accounting field. Kimberly holds a Masters of Business Administration majoring in Professional Accounting and is a Certified Professional Accountant with a passion for teaching.
Students of this course will receive a membership to these organisation(s)
The Institute of Public Accountants (IPA) is one of Australia's oldest representative professional bodies, formed in 1923. It is one of the three legally recognised professional bodies for accountants in Australia.[1] The IPA represents more than 35,000 members and students working in industry, commerce, government, academia and professional practice.
Membership benefits include: