FNS50222 Diploma of Accounting

Nationally Recognised Training

This qualification reflects accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers, and employees performing a range of accounting tasks for organisations in a range of industries. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.

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 comprise a 10-week study period in each term, excluding holidays, with 20 hours per week of face-to-face training and assessment.

Tuition Fee

$11,500

Enrolment Fee

$300

Material Fee

$300

Estimated Total Course Cost

$12,100
Age requirements: All international students must be at least 18 years of age or above at the time of course commencement to study at BLC.

Academic requirements: 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;

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.


Pre-Training Review: All student will undertake pre-training review which aims to identify their training needs through questions on previous education or training, basic computing skills and interview conducted by BLC enrolment officer.

Interview also aims to identify possible RPL opportunities.

Through pre-training review student will demonstrate that they have necessary skills to successfully complete the course.

Computer Literacy Requirement: Students are required to have basic computer skills including operating MS-word and doing research on the Internet as all the courses require students to make reports in MS word, Excel, PowerPoint Presentation, etc. Student should have ability to use internet, access to PDF application and accounting software e.g. Xero or MYOB..

Materials and Equipment Requirement: Although Blue Lotus College will provide access to computers/laptops with required resources during classroom hours however to work on assignments and tasks for self-study, all learners are expected to bring a laptop with the Windows 10 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.

Language, Literacy and Numeracy test (LLN): All students are required to undertake a language, literacy and numeracy (LLN) test mapped to ACSF through LLN Robot to identify if a student requires BLC to provide any additional support. Expected LLN outcome is ACSF Level 3 for Diploma of Accounting.

This is not an entry requirement but is designed to determine if a student has any specific LLN support needs in the context of VET training and has a different purpose to the English entry requirements which are assessed prior to offering a student a place in a course. The results of the LLN test are provided to the trainer who can further advise the student if they require additional LLN support to successfully achieve the course outcomes.

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.

Recognition of Prior Learning (RPL): RPL is available for each unit of competency based on relevant workplace experience, formal training, and/or other expertise. To apply for RPL, please discuss with our student support team or your trainer/assessor.

Credit Transfer: You can be granted Credit Transfer for completed parts, or all, of an accredited qualification, with equivalent units. Please discuss this at the time of enrolment.

Assessments:This program is delivered under competency-based training which means instead of grading or marks, students are required to demonstrate all the criteria for each unit of competency, and students are marked “Competent” or “Not yet competent”. Typical assessment methods will include knowledge questions, case studies, role plays, project and skills demonstrations.

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.
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