Mentor Education's nationally recognised Diploma of Accounting (FNS50217) 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.
This new 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. The course also includes units covered in both the Tax Practitioners Board approved course in Australian taxation law (FNSSS00008 Taxation Law for Tax Agents Skill Set (Tax documentation)) and the Tax Practitioners Board approved course in commercial law (FNSSS00005 Commercial Law for Tax Agents Skill Set).
Mentor Education’s 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.
Students considering further studies after completing the Diploma of Accounting or 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 Diploma of Accounting has been designed for those looking to progress further in their accounting career.
By completing this qualification you will learn how to:
- Provide financial and business performance information
- Prepare tax documentation for individuals
- Manage budgets and forecasts
- Provide management accounting information
- Prepare and administer tax documentation for legal entities
- Apply legal principles in consumer and contract law, corporations and trust law and property law
Who Should Enrol?
Mentor Education's Diploma of Accounting (FNS50217) 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 Diploma of Accounting (Pathway) (FNS50217) qualification if the below course entry requirements cannot be met. Click here for further information.
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 FNS40617 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.
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
- Comply with financial services legislation and industry codes of practice
- Prepare and administer tax documentation for legal entities*1
- Apply legal principles in consumer and contract law2
- Apply legal principles in corporations and trust law2
- Apply legal principles in property law2
1 Unit included in the Tax Practitioners Board approved course in Australian taxation law: FNSSS00008 Taxation Law for Tax Agents Skill Set (Tax documentation).
2Unit included in the Tax Practitioners Board approved course in commercial law: FNSSS00005 Commercial Law for Tax Agents Skill Set.
* Prerequisite units of competency - Unit(s) of competency are not to be commenced until their prerequisite(s) has been completed and the student is deemed competent.
Assessment
Assessment may include:
- Examination
- Multiple Choice Questions
- Short answer questions
- Long Answer 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
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 Diploma of Accounting (FNS50217) qualification.
Mentor Education’s Diploma of Accounting (FNS50217) is a nationally recognised qualification from the Financial Services Training Package which complies with the Australian Qualifications Framework standard.
Changes to the Diploma of Accounting (FNS50215).
The Diploma of Accounting (FNS50215) is now superseded by FNS50217 - Diploma of Accounting.
Students enrolled in the Diploma of Accounting (FNS50215) have until 12 February 2020 to complete their current course if they choose not to transition to the new qualification. For those students choosing to complete the transition module they will have an additional period of 6 months to complete the qualification.
Both versions of the Diploma of Accounting (FNS50215 & FNS50217) will continue to be Nationally Recognised qualifications accredited under the Australian Qualifications Framework (AQF) and will continue to be recognised as pre-requisites for entry to the Advanced Diploma of Accounting (FNS60217).
Students with older versions of the Certificate IV Bookkeeping, Certificate IV Accounting, Diploma of Accounting qualifications (FNS10 Training Package or earlier)
For those students that may have completed older versions of the qualifications (FNS10 Training Package or earlier) that that are wanting to update their Certificate IV Bookkeeping or Certificate IV Accounting for entry to the new Diploma qualification (subject to ASQA approval) we have made available the following skill set:
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;
The Diploma of Accounting (Pathway) (FNS50217) course also provides an alternative method for students wishing to enrol into a Diploma level accounting and bookkeeping qualification.
For those students that may have completed older versions of the qualifications (FNS10 Training Package or earlier) that that are wanting to update their Diploma of Accounting for entry to the new Advanced Diploma qualification (subject to ASQA approval) we have made available the following skill set:
FNSSS00015 Advanced Accounting Principles Skill Set:
- FNSACC511 Provide financial and business performance information
- FNSACC512 Prepare tax documentation for individuals
- FNSACC513 Manage budgets and forecasts
- FNSACC514 Prepare financial reports for corporate entities
- FNSACC516 Implement and maintain internal control procedures
- FNSACC517 Provide management accounting information
FLEXIBLE DELIVERY OPTIONS: NATION-WIDE
Mentor Education 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.
Mentor Education's Diploma of Accounting (FNS50217) is a great choice for individuals who are currently in a bookkeeping, accounting or BAS agent role, and those who are looking to break into the industry. If you want to graduate at the leading edge of this field with the skills and knowledge to get ahead in the industry, then this is the course for you.
YOUR PAYMENT OPTIONS
| 1. Online - upfront payment | |
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$1,440.00
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ENROL ONLINE Or Download Enrolment Form and Payment Form |
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| 2. Online - Payment Plan | |
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$2,400.00 |
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For further information on Mentor Education payment plans, please call us during business hours on 1300 306 146. Download Enrolment Form and Payment Form |
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Terms and Conditions
* Unless stated otherwise, this offer is only for select online Certificate, Diploma, Advanced Diploma qualifications, Short Courses and Skill sets listed on this web page and requires full upfront payment. Unless stated otherwise, no payment plans available for discount offers. Unless stated otherwise, no discounts available for Workshops. Unless stated otherwise, to be eligible for discounts, you will need to have fully paid for your course enrolment before 28/02/2019, 11.59pm AEDT. Cannot be used in conjunction with other offers/existing quotes or applied to past enrolments. Discounts are based on recommended retail price listed on the Mentor Education website as at 01/01/2019.
** Payment plans require six equal monthly payments via direct debit. Contact Mentor Education for further information.
