Diploma of Accounting (FNS50204)

(CRICOS Code: 071068C)

In the business world, it is crucial for business leaders to have an understanding of all facets of a modern organisation’s financial responsibilities. Financial managers (Accountants) must be prepared with the knowledge of an organisation’s financial processes to ensure compliance with all regulatory acts and requirements governing the operation of an organisation.

Finance associate professionals, banking officers, employees of financial establishment and related fields, financial officers for legal officers and individuals in the general accounting and taxation fields have very important roles in the business environment.

Employment opportunities

This course is designed for employees working in accounting who perform duties such as:

  • introducing and maintaining accounting systems
  • maintaining internal control systems
  • preparing financial statements for a reporting entity
  • preparing tax returns
  • reporting on business performance
  • managing small teams
  • developing business plans
  • preparing management accounting reports


Sample course
4 Core units
FNSICGEN301B Communicate in the workplace
FNSICGEN302B   Use technology in the workplace
FNSICGEN304B  Apply health and safety practices in the workplace
FNSICIND401B Apply principles of professional practice to work in the financial services industry
5 Prerequisite units
FNSICACC304B        Prepare and bank receipts 
FNSICACC306B  Process journal entries
FNSACCT407B  Set up and operate a computerised accounting system
BSBFIA401A Prepare financial reports
BSBFIA301A  Maintain financial records
 5 Sectoral units
FNSACCT604B Prepare income tax returns
FNSACCT503B Manage budgets and forecasts
FNSACCT504B Prepare financial reports for a reporting entity
FNSACCT506B Implement and maintain internal control procedures
FNSACCT507B Provide management accounting information
3 Elective units
FNSACCT501B Provide financial and business performance information
FNSICORG516B Prepare financial reports to meet statutory requirements
FNSICORG517B Prepare financial forecasts and projections

Entry Requirements

  • You must be more than 18 years of age

International Students

  • You must have completed Year 12 or its equivalent
  • You must have an IELTS score of 5.5 or equivalent (test results must be no more than 2 years old). If you have a score less than this, Strathfield College offers Vocational English Courses to help you meet the entry requirement
Local Students
  • You should have completed Year 10 or its equivalent

Duration

  • 1 year (including 42 weeks tuition and 3 breaks)
  • International Students (with student visa): full time 20 hours per week
  • Non-student visa and Australian students: full time over 12 months or part time
  • Students undertaking the Diploma of Accounting course followed by the Advanced Diploma of Accounting course can complete both qualifications in 18 months