FNS60222 – Advanced Diploma of Accounting

Qualification Description

This qualification reflects the role of individuals working in accounting and seeking professional recognition, including tax agents, accounts managers and business analysts; and to employees performing a range of accounts management tasks for organisations in a range of industries. At this level individuals are expected to apply theoretical and technical skills in a range of situations and to display initiative and judgement in planning activities. They have autonomy in performing complex operations and can be responsible for planning, coordinating and evaluating the work of others within broad but generally well-defined parameters.

Outcomes

Potential Careers

Accounting jobs related to the following:
  • Complex tax issues and plans
  • Corporate governance matters
  • Auditing and reporting on financial systems
  • Analyzing management accounting information and the application of a range of principles in legal related matters.

Practical Skills

The course will use theory, case studies, practical demonstrations/role plays and mini-projects to enable you to develop practical skills you can apply in your workplace, including, how to:

  • Analyse and report on a broad range of financial and business performance information
  • Prepare non-complex income tax returns
  • Review corporate governance requirements
  • Gather, record and analyze operating cost data
  • Apply broad principles of financial economics that underpin business functions in the financial services industry
  • Develop and implement processes and procedures for corporate governance
  • Contribute to strategic development and organisational improvement plans
  • Execute tasks associated with the recruitment cycle
  • Create systems and processes to organize information and prioritize tasks
  • Lead teams and actively engage with management

Mode of Delivery

Face to Face

75% Face to Face Training
Trainer led sessions with in-class experiential activities

Online

25% Online Training
Moodle Based Assessment Tasks

Location

Level 2, 1-3 Fitzwilliam Street, PARRAMATTA NSW 2150
Level 3, 531 George Street, SYDNEY NSW 2000

Course Duration

The program for FNS60217 Advanced Diploma of Accounting is delivered over 78 weeks with actual student contact hours being 20 hours per week for 60 weeks. It has been divided in to 6 terms of 10 weeks each with 18 weeks of holidays.

Who Should Undertake This Qualification

Providing you with practical training in the specialised knowledge of the accounting discipline, this qualification would be valuable for employees who currently need to perform accounting duties such as introducing and maintaining accounting systems, reporting on business performance and preparing financial statements. It’s also designed to provide a comprehensive skill set those who are seeking a new career in the field of accounting.

ℹ️ Information

Are you looking to broaden your career prospects in the accounting industry? Or are you already working in the field and want to gain a professional qualification? This qualification will give you the opportunity to advance your knowledge and skills in commercial governance, financial performance and basic accounting principles.

Course Requirements

General Requirements

  • Students must be over 18 years of age
  • A fully completed Australian AQF Level 4 qualification or High School Certificate qualification or equivalent; or overseas qualifications in Higher Education.
  • Sufficient language, literacy and numeracy skills to complete the course
  • Students whose first language is not English, must provide proof of English language competency by providing one of the below:
    ✓ A current IELTS score of 5.5 total or above with no band lower than 5.0;
    ✓ Proof of completion of an Australian qualification in English language that is of one year or longer duration;
    ✓ Successful completion of an approved English of Academic Purposes courses meeting IELTS 5.5 equivalent requirements;
    ✓ Successful score of Upper Intermediate Level of completion of the School’s English Language Placement Test.

Basic Computer Skills:

  • Knowledge of common computing terms and word processing
  • Proficiency with web browser software and sending/receiving e-mail including e-mail with attachment.
  • Familiarity with navigating the Internet
  • Familiarity with using Microsoft Office

Entry requirements will be checked at enrolment in line with the Southern Cross School of Business Student Selection and Enrolment Policy and Procedures.

Language, Literacy and Numeracy

Each student must complete the Language, Literacy and Numeracy (LLN) Indicator Tool. This LLN evaluation will assist Southern Cross School of Business in identifying each learner’s needs and appropriate support to be offered if and when required.

Unique Student Identifier

Each student must provide their USI (Unique Student Identifier) before they are to commence their studies. If you do not have a USI, you can create one at: https://www.usi.gov.au/students/create-your-usi

The following units of competency are required for the completion of this course.
Total number of units = 16

Assessment Overview

Each unit comprises of assessment tasks such as written questions, case studies and practical assessments must be completed in full before being submitted for marking. Assessments for qualifications are competency based, which means students are assessed against the unit of competency (unit) requirements.

Assessment marking system:

  • Competent (C) result: the student’s submitted work satisfies the learning requirements and all competency standards for the unit (in accordance with the National Register https://training.gov.au/).
  • Not Yet Competent (NYC) result: the student’s submitted work does not demonstrate their understanding of all competency standards in the unit. If a student receives a ‘Not Yet Competent’ outcome, he or she will receive written feedback from a trainer/assessor, clearly outlining where the gaps are. The student will then be required to rectify these gaps and re-submit their assessment for marking.
Once a student receives a satisfactory result for all required assessment tasks a competent (C) outcome will be awarded for the entire unit. The student must demonstrate their understanding of all competency standards in each unit before receiving a competent outcome.
Students have three (3) attempts to demonstrate competency, otherwise a unit re-enrolment fee applies (please see fee schedule contained in the Student Handbook).

Learner Resources

Southern Cross School of Business will provide its students with access to a wide range of learning resources. Some of those resources have been developed in-house whereas some other resources have been purchased from reputable resource providers available in the market. The resources available to students are in the form of Power point slides on each unit, Learner’s Guide or Student Workbook, access to ‘Handout’ folders in the Student online portal, which will contain handouts under each of the unit’s assessment resources. All students will be given the opportunity to obtain the soft copies of available resources, should they desire.

There are general use computers available at the campus. However, for ease of access, the School encourages students to bring their own laptop / media pads to the school for added convenience.

The following units of competency are required for the completion of this course.
Total number of units = 14

  • 3 Core Units
  • 11 Elective Units

Core Units

Learning Content

FNSACC634

Monitor corporate governance activities

In this unit students will learn skills and knowledge required to research corporate governance reporting trends, examine corporate governance standards and practices, and review compliance to develop and implement processes and procedures for meeting corporate governance obligations.

A variety of assessment tools are used including a case study, theoretical questions and a project.

FNSINC611

Apply economic principles to work in the financial services industry

In this unit students will gain the skills and knowledge required to apply broad principles of financial economics that underpin a range of tasks and functions in the financial services industry. It includes understanding how financial instruments are priced in markets, and techniques and processes government and organisations use to manage financial risk, demonstrating broad knowledge of economic theories and related decision making in a national and organizational economic context.

A variety of assessment tools are used including a case study, theoretical questions and a project.

FNSINC612

Interpret and use financial statistics and tools

In this unit students will gain the skills and knowledge required to access, interpret and analyse statistical data relevant to the financial services industry. It encompasses producing new statistical information and reports from existing data using a range of tools and processes.

A variety of assessment tools are used including a case study, theoretical questions and a project.

Elective Units

Learning Content

FNSACC601
Prepare and administer tax documentation for legal entities*

In this unit students gain the skills and knowledge required to identify taxation requirements for complex lodgements and returns for legal entities. It involves gathering, analysing and processing taxation related data to prepare tax documentation, and to review and apply compliance requirements.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSACC614
Prepare complex corporate financial reports*

In this unit students will gain the skills and knowledge required to compile and analyse financial data, identify appropriate reporting requirements, and develop and prepare complex financial reports for reporting entities.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

FNSFMK515

Comply with financial services regulation and industry codes of practice

In this unit students will gain the skills and knowledge required to ensure compliance with finance industry regulations and industry codes of practice on an organisational level.

A variety of assessment tools are used including a case study, theoretical questions and a project.

FNSINC513

Identify and apply complex ethical decision making to workplace situation

In this unit students will learn how to develop skills and knowledge required to analyse ethical principles and its effects on actions and behaviours in the workplace. Apply ethical structures in the workplace and analyse legal and organisational security to make ethical decision.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

BSBSTR602

Develop organisational strategies

In this unit students will learn how to develop skills and knowledge required to obtain information relevant to business issues, analyse information and knowledge, take decisions on business issues identified and disseminate information to the organisation. Develop and maintain information
processing systems to support decision making; and to optimise the use of knowledge and learning throughout the organisation and source and analyse information for business decisions. Contribute information and the outcomes of analysis to decision making and design, test and adjust information
systems to meet needs and objectives.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

BSBOPS601

Develop and implement a business plan

In this unit students will learn the skills and knowledge required to run a business operation and covers the steps required to develop and implement a business plan.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

BSBLDR601

Lead and manage organisational change

In this unit students will learn how to determine strategic change requirements and opportunities; and to develop, implement and evaluate change management strategies.

A variety of assessment tools are used including a case study, theoretical questions and a project.

BSBSTR601

Manage innovation and continuous improvement

In this unit students will learn the skills and knowledge required to sustain and develop an environment in which continuous improvement, innovation and learning are promoted and rewarded.

A variety of assessment tools are used including theoretical questions, projects and applied learning activities.

BSBINS601

Manage knowledge and information

In this unit students will learn the skills and knowledge required to analyse and interpret information about the organisation’s internal and external environment and consult with stakeholders to identify requirements and opportunities for changes that support organisational objectives. Prioritise opportunities for changes with input from managers and develop a change management project
plan for the priority changes incorporating resource requirements, risk management and timelines. And develop strategies to communicate or educate the changes and embed them.

A variety of assessment tools are used including a case study, theoretical questions and a project.

BSBCRT611

Apply critical thinking for complex problem solving

In this unit students will learn the skills and knowledge required to identify complex issue for resolution within scope of job role and in consultation with relevant stakeholders. Evaluate formulated solutions for advantages and limitations using critical thinking techniques and develop a feedback register to systematically record feedback according to organisational requirements.

A variety of assessment tools are used including a case study, theoretical questions and a project.

FNSACC521

Provide financial and business performance information

In this unit students will gain skills and knowledge required to analyse and report on a broad range of financial and business performance information. It encompasses assessing client needs, analysing data, and preparing advice.

A variety of assessment tools are used including a case study, theoretical questions and a project.

For more information about this course, please visit https://training.gov.au/Training/Details/FNS60222