Mentor Education's nationally recognised FNS50217 - Diploma of Accounting (specialising in Management Accounting) course is ideal for candidates currently working in bookkeeping and accounting roles, seeking a formal qualification to enhance and confirm their existing knowledge and skills.
Focusing on management accounting and reporting, this intermediate accounting qualification introduces students to a wide range of accounting and bookkeeping skills, including the provision of financial and business performance information, preparation of taxation documentation for individuals and the provision of management accounting information.
Mentor Education’s FNS50217 - Diploma of Accounting is recognised and accredited by the Institute of Certified Bookkeepers (ICB). All Mentor Education students can apply for free ICB student membership (valued at $120) or an IPA (Institute of Public Accountants) student membership.
Mentor Education also offer the FNS50217 - Diploma of Accounting pathway as an option to students who don't meet entry requirements for this qualification.
Students considering further studies after completing the FNS50217 - Diploma of Accounting or FNS60217 - Advanced Diploma of Accounting with Mentor Education have the option of gaining a direct pathway into a Bachelor of Commerce (Accounting) degree.
Overview
Mentor Education's FNS50217 - Diploma of Accounting provides individuals two streams of study where focus can be directed to management accounting and reporting..
By completing the FNS50217 - Diploma of Accounting qualification you will learn how to:
- Provide financial and business performance information
- Prepare tax documentation for individuals
- Prepare financial reports
- Lead effective workplace relationships
- Prepare operational budgets
- Work effectively in the accounting and bookkeeping industry
Who Should Enrol?
Mentor Education's FNS50217 - Diploma of Accounting is suitable for professionals currently in industry in a bookkeeping or accounting role, looking to validate their existing skills and knowledge with a formal qualification. It is also suitable for those seeking to enter the industry in an accounting role in the future.
Students can also complete the FNS50217 - Diploma of Accounting pathway course, if they do not meet course entry requirements.
The FNS50217 - Diploma of Accounting supersedes the following qualifications:
- FNS50215 - Diploma of Accounting
- FNS50210 - Diploma of Accounting
- FNS50204 - Diploma of Accounting
Course Entry Requirements
Completion of the following units, or their equivalent, which constitute the requirements for the FNSSS00014 - Accounting Principles Skill Set:
- FNSACC311 Process financial transactions and extract interim reports
- FNSACC312 Administer subsidiary accounts and ledgers
- FNSACC408 Work effectively in the accounting and bookkeeping industry
- FNSACC416 Set up and operate a computerised accounting system
- FNSTPB401 Complete business activity and instalment activity statements
- FNSTPB402 Establish and maintain payroll systems
- BSBFIA401 Prepare financial reports
OR Completion of FNS40217 - Certificate IV in Accounting and Bookkeeping or equivalent
OR Completion of FNS40615 - Certificate IV in Accounting or equivalent
OR Completion of FNS40215 - Certificate IV in Bookkeeping or equivalent.
Please contact a Mentor Education Course Adviser on 1300 306 146 if you have any queries regarding prerequisites required for this qualification.
In order for you to successfully complete this qualification, it is recommended that students have a strong grasp of computer/technical skills, MYOB installed on their computer, Microsoft Excel installed on their computer, access to a reliable high quality internet connection and literacy/numeracy skills.
Versions of MYOB are available for both Windows-based computers and Mac-based computers, however - it is recommended that students have access to a Windows-based computer and Microsoft Excel, making it easier to follow the Windows-based examples and instructions.
Tax Practitioners Board
This course does not in any way meet any requirements for registration with the Tax Practitioners Board.
Course Outline
The total duration for the course is 785 hours which will be delivered over 12 months.
The course has been structured so that delivery will complement the training with step by step required skills and knowledge, providing the learner with an efficient delivery model from start to finish, ensuring each individual’s needs will be met with their specialisation award.
Core units
- Provide financial and business performance information
- Prepare tax documentation for individuals1
- Manage budgets and forecasts
- Prepare financial reports for corporate entities*
- Implement and maintain internal control procedures
- Provide management accounting information
Elective Units
- Work effectively in the accounting and bookkeeping industry
- Design and produce complex spreadsheets
- Lead effective workplace relationships
- Prepare financial reports
- Prepare operational budgets
Assessment
Assessment may include:
- Examination
- Multiple Choice Questions
- Short answer questions
- Long Answer Questions
- Case Study and Scenario's
- Projects
- Presentations
- Research Tasks
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
Association Membership
After enrolling into this program, you will be have the option to receive student membership with the Institute of Certified Bookkeepers (ICB) and/or the Institute of Public Accountants (IPA) and free of charge.
Institute of Certified Bookkeepers student membership
You will have the option to receive a complimentary Student Membership to the Institute of Certified Bookkeepers, valued at $120. This entitles you to the following services with the ICB:
- specialised student newsletter keeping you up to date with changes in the industry,
- student resources to assist you in learning more about working as a bookkeeper; and
- network meetings with industry professionals
Institute of Public Accountants student membership
As part of your Institute of Public Accountants student membership you will have access to the following benefits:
- Access to IPA's online Magazine Our Public Accountant Digital Hub
- Introductions to popular IPA Discussion Groups, held all over Australia, with top speakers on a range of subjects
- Invitations to events and networking forums with top accounting and finance leaders
Once you have completed your studies you will have a chance to upgrade your student membership to become a Graduate Associate of the IPA.
Course Outcomes
Upon successful completion of this course, you will be awarded the FNS50217 - Diploma of Accounting qualification.
Mentor Education’s FNS50217 - Diploma of Accounting is a nationally recognised qualification from the Financial Services Training Package which complies with the Australian Qualifications Framework standard.
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 acknowledges the traditional custodians of all the lands on which we meet, work and live. We pay our respects to Aboriginal and Torres Strait Islander Elders—past, present and emerging—and recognise the immense cultural and linguistic strength and diversity that has existed on this land for tens of thousands of years.