Diploma of Accounting - FNS50217
West Australian Institute of Further Studies
Type of institution: Registered Training Organisation
Level: Vocational Education and Training (VET)
CRICOS: 03188C
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 InformationWork 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.
Structure
- 11 units: 6 core
- 5 elective
Subjects
- Provide management accounting information
- Provide financial and business performance information
- Prepare and administer tax documentation for legal entities
- Process financial transactions and extract interim reports
- Prepare financial reports to meet statutory requirements
- Comply with financial services regulation and industry codes of practice
- Apply legal principles in contract and consumer law
- Apply legal principles in corporations and trust law
- Implement and maintain internal control procedures
- Apply economic principles to work in the financial services industry
- Process salary packaging arrangements and additional allowances in payroll
- Interpret and apply knowledge of taxation systems relevant to payroll
- Process complex employee terminations in payroll
- Identify situations requiring complex ethical decision making
- Establish and maintain accounting information systems
- Apply ethical frameworks and principles to make and act upon decisions
- Interpret and use financial statistics and tools
- Prepare tax documentation for individuals
- Evaluate business performance
- Process superannuation payments in payroll
- Prepare financial reports for corporate entities
- Manage budgets and forecasts
- Apply legal principles in property law
- Develop and use complex spreadsheets
- Prepare financial forecasts and projections
- Lead effective workplace relationships
- Interpret and apply knowledge of industrial regulations relevant to payroll
- Work effectively in the accounting and bookkeeping industry
- Prepare financial reports
Standard entry requirements
Completion of the FNSSS00014 Accounting Principles Skill Set;ORCompletion of FNS40615 Certificate IV in Accounting or equivalent;ORCompletion of FNS40215 Certificate IV in Bookkeeping or equivalent.
