FNS50222 Diploma of Accounting
Licensing, legislative, regulatory or certification considerations
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements. This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly.VET National Code
FNS50222
CRICOS Course Code
112524G
Duration
52 Weeks (incl. holidays and breaks)
Delivery Mode
This course includes work placement and comprise a 10-week study period in each term, excluding holidays, with 20 scheduled contact hours per week: 16 hours of face-to-face training and assessment, and 4 hours of online sessions via Microsoft Teams.
Tuition Fee
$11,500
Enrolment Fee
$300
Material Fee
$300
For International and Local Students:
Academic requirements
Prospective BLC international students are required to demonstrate their capacity to complete the course successfully. International students applying for this qualification either off-shore or on-shore will need satisfactory completion of the equivalent of Australian Year 12 or equivalent.
And
Prior to commencing this qualification an individual must have completed the following units of competency (or equivalent).
FNSACC321 Process financial transactions and extract interim reports ;
FNSACC322 Administer subsidiary accounts and ledgers;
FNSACC418 Work effectively in the accounting and bookkeeping industry;
FNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).
These competencies may have been achieved through completion of the following (or their equivalent):
FNSSS00014 Accounting Principles Skill Set;
OR
FNS40222 Certificate IV in Accounting and Bookkeeping;
Age requirements:
Be at least eighteen (18) years of age on the enrolment date
Language, Literacy and Numeracy test (LLN)
Candidates undertaking this course must possess sound Numeracy skills since they will be required to do calculations, make profit and loss statements, and prepare budget. If learners do not meet English and LLN requirements, learners will be asked to take further Language, literacy and numeracy training e.g. English Language Intensive Course for Overseas Learners (ELICOS) programs with BLC.
Pre-training Review
All students will undertake a pre-training review which aims to identify their training needs through questions on previous education or training, basic computing skills, and interview conducted by the BLC enrolment officer. The interview also aims to identify possible RPL opportunities.
Through pre-training review, students will demonstrate that they have the necessary skills to successfully complete the course.
English language requirements
Basic Computing Skills
Student are required to have basic computer skills including operating MS-office. Learners who do not possess basic computing skills will be provided with digital support by BLC IT support officers.
Materials and Equipment Required
Although Blue Lotus College will provide access to computers/laptops with required resources during classroom hours however to work on assignments and tasks for selfstudy, all learners are expected to bring a laptop with the Windows 7 operating system or higher. Students must have an active email address for communication and be contactable by phone (mobile or landline) and by mail (postal address).
All learners are expected to have access to MS office applications such as Microsoft Word, an email platform such as Microsoft.
Academic requirements
Prospective BLC international students are required to demonstrate their capacity to complete the course successfully. International students applying for this qualification either off-shore or on-shore will need satisfactory completion of the equivalent of Australian Year 12 or equivalent.
And
Prior to commencing this qualification an individual must have completed the following units of competency (or equivalent).
FNSACC321 Process financial transactions and extract interim reports ;
FNSACC322 Administer subsidiary accounts and ledgers;
FNSACC418 Work effectively in the accounting and bookkeeping industry;
FNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).
These competencies may have been achieved through completion of the following (or their equivalent):
FNSSS00014 Accounting Principles Skill Set;
OR
FNS40222 Certificate IV in Accounting and Bookkeeping;
Age requirements:
Be at least eighteen (18) years of age on the enrolment date
Language, Literacy and Numeracy test (LLN)
Candidates undertaking this course must possess sound Numeracy skills since they will be required to do calculations, make profit and loss statements, and prepare budget. If learners do not meet English and LLN requirements, learners will be asked to take further Language, literacy and numeracy training e.g. English Language Intensive Course for Overseas Learners (ELICOS) programs with BLC.
Pre-training Review
All students will undertake a pre-training review which aims to identify their training needs through questions on previous education or training, basic computing skills, and interview conducted by the BLC enrolment officer. The interview also aims to identify possible RPL opportunities.
Through pre-training review, students will demonstrate that they have the necessary skills to successfully complete the course.
English language requirements
To enrol into this course with Blue Lotus College, international students, applying either off-shore or on-shore, must satisfy one of the following requirements:
- Either a minimum IELTS test score of 6 or equivalent for direct entry into a VET course;
- or, IELTS score of 5.5 or equivalent with an ELICOS course (up to 10 weeks) to be taken before the main VET course;
- or, IELTS score of 5.0 or equivalent with an ELICOS course (up to 20 weeks) to be taken before the main VET course.
Results more than two years old are not acceptable.
OR
- Evidence that they have studied in English for at least five years in Australia, Canada, New Zealand, Republic of Ireland, South Africa, United Kingdom, or United States.
OR
- Evidence that, within two years of their application date, they have successfully completed in Australia and in the English language, either the senior secondary certificate of education or a substantial component of a course leading to a qualification from Australian Qualifications Framework at the Certificate IV or higher level, while they held a student visa.
Please note that Blue Lotus College will also accept equivalent test results from the following specified English Language Tests: TOEFL iBT, PTE Academic, Cambridge English: Advanced (CAE), and TOEFL PBT.
*On 26 July 2023 the TOEFL internet-based test (TOEFL iBT) stopped offering English language tests for Australian visa purposes. A score for a TOEFL iBT test taken on or after 26 July 2023 will no longer satisfy the English language requirement for Student visa purposes. Only TOEFL iBT scores from a test taken on or before 25 July 2023 are accepted for Student visa purposes.
**From 12 February 2024, only results from the paper-based Cambridge C1 Advanced test (previously known as Cambridge English: Advanced CAE) will be accepted for Australian visa and migration purposes. Test scores for both C1 Advanced paper-based and computer-based tests, taken before 12 February 2024, within the specified validity period are still accepted.
Basic Computing Skills
Student are required to have basic computer skills including operating MS-office. Learners who do not possess basic computing skills will be provided with digital support by BLC IT support officers.
Materials and Equipment Required
Although Blue Lotus College will provide access to computers/laptops with required resources during classroom hours however to work on assignments and tasks for selfstudy, all learners are expected to bring a laptop with the Windows 7 operating system or higher. Students must have an active email address for communication and be contactable by phone (mobile or landline) and by mail (postal address).
All learners are expected to have access to MS office applications such as Microsoft Word, an email platform such as Microsoft.
Students who complete this course will typically be able to perform professional accounting job roles in financial services and other industries e.g. as Tax agent if completed other law units required to meet TPB requirements, accounts payable team leader or payroll team leader, etc. BLC does not do any misleading claims or job guarantees or advertise any employment outcome with its courses.
Students will need to complete a total of 11 Units which include 7 core units and 4 elective units of competency to attain the Diploma of Accounting qualification.
Note: Fees may change during your course of study. BLC reserves the right to discontinue or alter any course date, tuition or service fee, location, timetable or staffing without prior notice. This will constitute a provider default and all tuition fees will be handled in accordance with Blue Lotus College’s Refund Policy. Interest will not be credited to Student Fees or disbursements and therefore no interest will be recovered by students in the event of cancellation. Students must maintain valid Overseas Student Health Care insurance throughout their enrolment.
| Core Units | |
| BSBTEC402 | Design and produce complex spreadsheets |
| FNSACC521 | Provide financial and business performance information |
| FNSACC527 | Provide management accounting information |
| FNSACC526 | Implement and maintain internal control procedures |
| FNSACC524 | Prepare financial reports for corporate entities |
| FNSACC523 | Manage budgets and forecasts |
| FNSACC522 | Prepare tax documentation for individuals |
| Elective Units | |
| BSBLDR413 | Lead effective workplace relationships |
| FNSACC505 | Establish and maintain accounting information systems |
| FNSACC411 | Process business tax requirements |
| FNSACC413 | Make decisions in a legal context |
Note: Fees may change during your course of study. BLC reserves the right to discontinue or alter any course date, tuition or service fee, location, timetable or staffing without prior notice. This will constitute a provider default and all tuition fees will be handled in accordance with Blue Lotus College’s Refund Policy. Interest will not be credited to Student Fees or disbursements and therefore no interest will be recovered by students in the event of cancellation. Students must maintain valid Overseas Student Health Care insurance throughout their enrolment.
To find out the methods of application, visit How to apply page
If you have a query about how to apply or entry requirements, contact admissions@bluelotus.edu.au