FNS50204- Diploma of Accounting
This qualification is designed to reflect the role of entry-level employees who perform routine duties such as:- Preparing tax returns
- Maintaining internal control systems
- Reporting on business performance
- Managing small teams
- Introducing and maintaining accounting systems
- Developing business plans
- EFT/e-business
- Preparing management accounting reports
- Preparing financial statements for a reporting entity
Total number of units = 17
4 Industry core units
5 Prerequisite units
5 Sectoral units
3 Elective units
Industry Core Units: Several of the core units are common to Certificate III and Certificate IV qualifications from the FNS04 Financial Services Training Package. Those who have previously gained a Certificate III or Certificate IV will have had all or some of these units assessed. If these core units have not been previously assessed they will need to be demonstrated prior to the awarding of a Diploma qualification.
Prerequisite Units: Competency in the units, available as sectoral core and elective units from the Certificate III in Financial Services (Accounts Clerical) must be demonstrated prior to awarding of this qualification.
Elective Units: Achieve at least three (3) elective units. The three elective units may be selected as follows:- All three units may be selected from the list of units suitable at the Diploma level
- Of the three elective units, one unit from the list below must be included
- Of the three elective units, up to two units may be selected from the list of units suitable at the Certificate IV level and up to two units may be selected from the list of units suitable at Advanced Diploma level
- Of the three elective units, two units may be selected from other endorsed Training Packages in accordance with other packaging guidelines for this qualification
- The choice of electives should be appropriate to the level and integrity of the qualification and to the workplace outcomes it is designed to meet
- The units listed below are suggested as suitable electives
- See Levels Chart for full list of units available in the FNS04 Financial Services Training Package
- FNSACCT503B is a prerequisite unit to FNSACCT607B
- FNSRETA309B, FNSRETA310B, FNSICORG301B and FNSICACC301B are prerequisite units to FNSICORG509B.
Industry Knowledge
FNSICIND401B - Apply principles of professional practice to work in the financial services industryGeneric
FNSICGEN301B - Communicate in the workplaceFNSICGEN302B - Use technology in the workplace
FNSICGEN304B - Apply health and safety practices in the workplace
Accounting
FNSACCT502B - Prepare income tax returnsFNSACCT503B - Manage budgets and forecast
FNSACCT504B - Prepare financial reports for a reporting entity
FNSACCT506B - Implement and maintain internal control procedures
FNSACCT507B - Provide management accounting information
Account Management
FNSICACC304B - Prepare and bank receiptsFNSICACC306B - Process journal entries
Accounting
FNSACCT407B - Set up and operate a computerised accounting systemCommon
BSBCMN308A - Maintain financial recordsBusiness Administration Services
BSBADM408A - Prepare financial reports
Accounting
FNSACCT501B - Provide financial and business performance informationFNSACCT505B - Establish and maintain accounting information systems
FNSACCT607B - Evaluate business performance
Account Management
FNSICACC401B - Evaluate and authorise payment requestsOrganisational Skills
FNSICORG509B - Maintain integrity of financial systemsFNSICORG510B - Manage own professional development
FNSICORG516B - Prepare financial reports to meet statutory requirements
FNSICORG517B - Prepare financial forecasts and projections
FNSICORG608B - Control a budget
FNSICORG609B - Development and manage financial systems






