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FNSSS00014 - Accounting Principles Skill Set

Excite Your Potential!

Mentor Education Summer Special Offers - Enrol online today.
Special offer must end Monday January 30th 2023 @ 4.00pm AEDT.

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 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:

A. Online / Self-paced

Recommended for confident self-directed learners and is related to their current chosen career.

  • No hidden fees!
  • Self-paced
  • Start anytime
  • Online assessments
  • 1300 phone support
  • Enrol online



Special offer
Payment plan
  • Payment plan
  • Direct Debit
  • Start sooner



($306.50 Deposit &
4 x $150 Monthly payments)



Please feel free to complete and submit the online form below
or give us a call on 1300 306 146.

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* Terms and conditions.
For further information regarding tuition fees and study options related to the FNSSS00014 - Accounting Principles Skill Set Australian Government nationally recognised qualification listed on this web page delivered by Mentor Education Pty Ltd (RTO 21683), please visit the Terms and Conditions section of the Mentor Education Website located at or call us on 1300 306 146.


Download a brochure Certificate IV in Accounting and Bookkeeping
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A. Online / Self-paced

Payment Plan options

Please call Mentor Education on 1300 306 146 during business hours to discuss payment plan 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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