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Diploma of Accounting

Course Name: Diploma of Accounting

Provider: Mentor Education

Level: Diploma

Delivery Method: In-class, Online

Course Overview

Mentor Education's nationally recognised Diploma of Accounting (FNS50215) is an educational qualification requirement as determined in Tax Agent Services Regulations 2009, which sets the professional qualifications and experience required to become an accountant, registered tax agent, registered BAS agent and tax (financial) adviser.

Employers are increasingly looking for candidates who are equipped to meet the challenges of being a successful accountant, tax and BAS agent and graduate at the leading edge of their field.

This course is ideal for those new to the accounting industry or who will be transferring to a position in the future in which they will be providing BAS, GST and/or accounting services.

Mentor Education's Diploma of Accounting (FNS50215) is trusted by one of the leading professional bodies in accounting representing the interests of more than 26,000 members.

Who Should Enrol

Mentor Education’s Diploma of Accounting (FNS50215) 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.

  • The course can be tailored to meet the needs of BAS agent, accountants and institutions.
  • It is also appropriate for candidates who currently work in accounting and are seeking a formal qualification.

Course Entry Requirements

This is an open entry course with no pre-requisite qualifications.

In order for you to successfully complete this qualification, it is strongly 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 Durations

It is expected that students will spend 570 hours in learning and related activities if completing on a full-time basis over 6 months students who have extensive industry experience will be expected to complete it in a shorter period).

Course Outline

DA 1 - Accounting Systems

  • BSBITU402 Develop and Use Complex Spreadsheets
  • FNSBKG402 Establish and Maintain A Cash Accounting System
  • FNSBKG403 Establish and Maintain An Accrual Accounting System

DA 2 - Individual Tax Returns & Business Performance

  • FNSACC501 Provide Financial and Business Performance Information
  • FNSACC502 Prepare Tax Documents for Individuals *

DA 3 - Budgets, Forecasts & Corporate Reporting

  • FNSACC503 Manage Budgets and Forecasts
  • FNSACC504 Prepare Financial Reports for Corporate Entities
  • FNSACC301 Process Financial Transactions and Extract Interim Reports

DA 4 - Control Procedures & Management Accounting

  • FNSACC506 Implement and Maintain Internal Control Procedures
  • FNSACC507 Provide Management Accounting Information
  • BSBFIA401 Prepare Financial Reports


Core Units:

  • FNSACC501Provide financial and business performance information
  • FNSACC502Prepare tax documents for individuals *
  • FNSACC503Manage budgets and forecasts
  • FNSACC504Prepare financial reports for corporate entities
  • FNSACC506Implement and maintain internal control procedures
  • FNSACC507Provide management accounting information

Elective Units:

  • BSBFIA401Prepare financial reports
  • BSBITU402Develop and use complex spreadsheets
  • FNSACC301Process financial transactions and extract interim reports
  • FNSBKG402Establish and maintain a cash accounting system
  • FNSBKG403Establish and maintain an accrual accounting system

* Units included in the Tax Practitioners Board approved course in Australian taxation law

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