FNSSS00014 - Accounting Principles Skill Set

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Gain direct entry into the new FNS50217 - Diploma of Accounting qualification by completing the Accounting Principles Skill Set!

The FNSSS00014 - Accounting Principles Skill Set delivered by Mentor Education is a nationally recognised course designed for individuals seeking to update their qualifications from previous Certificate IV Accounting and Bookkeeping training packages to gain entry into the FNS50217 - Diploma of Accounting. The Accounting Principles Skill Set is also suitable for individuals seeking direct entry into the FNS50217 - Diploma of Accounting without completing a Certificate IV in Accounting/Bookkeeping qualification.

The qualification comprises of core business units of competency covering disciplines including:

  • Processing financial transactions
  • Extracting interim reports
  • Creation and operation of a computer accounting system
  • Establishing and maintaining payroll systems
  • Completion of business activity statements

Mentor Education’s FNSSS00014 - Accounting Principles Skill Set is a nationally recognised qualification, complying with the AQF standard and ASQA standards for Registered Training Organisations.

Who Should Enrol?

The Accounting Principles Skill Set is suitable for individuals that may have completed older versions of the Certificate IV in Bookkeeping or the Certificate IV in Accounting qualifications (FNS10 Training Package or earlier) that wish to update their qualification for entry to the new FNS50217 - Diploma of Accounting.

The units of competency in this skill set also provide credit towards the FNS40217 - Certificate IV in Accounting and Bookkeeping qualification.

Completion of the Accounting Principles Skill Set is an entry requirement of the FNS50217 - Diploma of Accounting and is a partial entry requirement for FNS60217 - Advanced Diploma of Accounting qualification.

Versions of MYOB used in this course are available for Windows-based computers only. It is recommended that students have access to a Windows-based computer and Microsoft Office (Word and Excel), making it easier to follow the Windows-based examples and instructions.

Mac users will need access to a Windows device, or access to Parallels desktop with a Windows installation.

Government Support

Please visit https://www.mentor.edu.au/government-support for further information.

Skill Set Entry Requirements

This is an open entry course with no pre-requisite qualifications. In order for participants to successfully complete this course, it is recommended they have an accounting or bookkeeping background, have completed previously an equivalent Certificate IV Accounting or Bookkeeping Course, have practical accounting or bookkeeping experience and have strong literacy and numeracy skills.


To complete your assessment and meet the requirements for performance evidence, you may be required to undertake a combination of tasks. These can include:

Assessment may include:

  • Short Answer Questions
  • Long Answer Questions
  • Multiple Choice Questions
  • Case Study and Scenario's
  • Projects
  • Presentations
  • Research Tasks
  • Role Play

Examples of activities that can be allocated to students included in self-directed hours may be:

  • Set reading (textbook/workbook)
  • Instructed research
  • Self-directed research
  • Webinars
  • Forums

Course Duration

The total course duration is 6 months.

Skillset Outline

Core units

  • Process financial transactions and extract interim reports
  • Administer subsidiary accounts and ledgers
  • Work effectively in the accounting and bookkeeping industry
  • Set up and operate a computerised accounting system
  • Complete business activity and instalment activity statements
  • Establish and maintain payroll systems
  • Prepare financial reports
Flexible Delivery Options: Nationwide

Mentor specialises in providing professional education and training services to you anywhere, any-time. We appreciate that learning needs differ for each individual and organisation, which is why we allow you to select the approach that works best for you.

Your Study Options:


Mentor Education Pty Ltd (RTO 21683) is a registered training organisation delivering vocational education and training across all states of Australia and globally.

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Mortgage broking
I recently completed cert 4 and diploma in mortgage broking. Was very easy to navigate the courses online. Whenever I had a query it was no trouble for either assessors to be in contact and resolve or explain what is needed. Would recommend or use again for further studies.
–Regan T
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I like the flexible online study.
I like the flexible online study all the resources with complete information to stay home and get our qualification completed ..
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The best staff and the best assessors.
Very great team and supportive team. The best staff and the best assessors I have dealt with. Very helpful and so understanding. They live and breathe assistance.

Appreciate their assistance throughout the whole course. More specifically, thank you to Miler for always taking his time out to assist me when I needed it. Thank you..
– Nick.
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