Diploma of Accounting

This course will provide you with the training and knowledge necessary for a range of accounting career pathways.

You’ll become proficient in the use of accounting software.

Learning from our expert staff, you’ll gain the skills and confidence to perform a range of accounting duties including:

providing financial and business performance information preparing income tax managing budgets and forecasts providing management accounting information.

To be awarded the FNS50217 Diploma of Accounting, a student must successfully complete a total of eleven (11) units of competency, comprising of:

• six (6) core units, and;
• five (5) elective units, of which:
• three (3) units must be selected from the electives listed in the FNS50217 Diploma of Accounting qualification;
• two (2) units may be selected from the electives listed in the FNS50217 Diploma of Accounting qualification or from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course, provided they do not duplicate the outcome of another unit chosen for the qualification.

Electives must be industry relevant as well as be approved by Victoria University Polytechnic.

Course structure and units

CORE UNITS

• 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

ELECTIVE UNITS

• FNSACC601 - Prepare and administer tax documentation for legal entities
• FNSINC602 - Interpret and use financial statistics and tools
• FNSTPB503 - Apply legal principles in consumer and contract law
• FNSTPB504 - Apply legal principles in corporations and trust law
• FNSTPB505 - Apply legal principles in property law

Imported units

• BSBFIM502 - Manage payroll
• FNSINC401 - Apply principles of professional practice to work in the financial services industry

Recognition of Prior Learning and/or Credit Transfers:

Previous completion of units at the Polytechnic or any other Registered Training Organisation and/or previous attainment of skills and knowledge may be credited towards this course. Units must satisfy the completion rules of the qualification and be assessed as appropriate by the Polytechnic.

• FNSACC514 Prepare financial reports for corporate entities:

• BSBFIA401 Prepare financial reports, and;

• FNSACC311 Process financial transactions and extract interim reports.

Meeting the minimum admission requirements does not guarantee you entry into this course. Some courses receive more applications than the number of places available. In this situation we will also assess your education, work and other relevant experience.

If you do not meet the minimum requirements you may be eligible for one of our special admission programs. We also encourage you to explore our study pathways to help you reach your goal.

Find out more about how to apply for our courses, and our commitment to admissions transparency.

Entry requirements

Applicants must have completed either:FNSSS00014 Accounting Principles Skill Set, which includes the following units:BSBFIA401 Prepare financial reports;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, and;FNSTPB402 Establish and maintain payroll systems;ORFNS40615 Certificate IV in Accounting or equivalent, or;FNS40215 Certificate IV in Bookkeeping or equivalentPrior to enrolment, all applicants will be required to complete a literacy and numeracy assessment to assist with determining eligibility and to identify learning support needs.

Pathways from VU courses

There are many ways you can start your education journey at VU. Pathways offer an easy transition between courses at different levels, so that you can start with a certificate and progress right through to postgraduate study.

Find out more about pathways and credits.

Recognition of Prior Learning (RPL)

You may be able to complete your qualification sooner through formal recognition of your existing skills. This is known as Recognition of Prior Learning (RPL).

To receive RPL, we assess your previous work, education and life experiences against recognised qualifications. Applications for RPL can be made prior to enrolling.

Call us on 1300 TAFE VP (1300 823 387) to discuss RPL options with the course manager.

Pathways to further study

On completion of this course you will be guaranteed entry into the following degree and in some cases receive credit for your study:

You will be credited for up to 96 credit points of study.

Find out more about our study pathways to VU

This qualification reflects professional accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers, and employees performing a range of accounting tasks for organisations in a range of industries. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.

Licensing/Regulatory Information Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on requirements.

This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly.