Diploma of Accounting

Are you interested in bookkeeping, financial reports, tax documentation, or any other roles in the financial services industry? A Diploma of Accounting will give you the start you need in a career in accounting, available at a range of RTO‘s across Australia, with a range of part-time, full time, online and face-to-face learning opportunities! 

What is a Diploma of Accounting (FNS50217)?

A Diploma is the next level up from a Certificate IV and qualifies you to start work as an accountant. A Diploma is likely to give you a work placement or traineeship through the program so that you can go into the workplace knowing that you’re ready to get started. A Diploma of Accounting also set’s you up for further study, including an advanced diploma of accounting, and is usually taught through TAFE or an independent VET provider.

A diploma of accounting will prepare you for required tests such as the tax practitioners board. You’ll be ready to work in the financial services industry as a registered tax agent, BAS agent, completing tax returns in private Australian business, as an assistant accountant or more!

During a Diploma of Accounting you will be required to complete a number of both core units and elective units, possibly including (With course codes): 

• FNSACC514 Prepare Financial Reports for Corporate Entities
• FNSACC517 Provide Management Accounting Information
• FNSACC516 Implement and Maintain Internal Control Procedures 
• FNSACC513 Manage Budgets and Forecasts
• FNSACC512 Prepare Tax Documentation For Individuals
• FNSACC511 Provide Financial and Business Performance Information
• BSBFIA401 Prepare Financial Reports 
• BSBITU402 Develop and Use Complex Spreadsheets
• FNSACC311 Process Financial Transactions and Extract Interim Reports 
• FNSSS00014 Accounting Principles Skill Set
• FNSTPB504 Apply legal Principles 
• FNSACC408 Work Effectively in the Accounting and Bookkeeping Industry
• FNSTPB401 Complete Business Activity and Instalment Activity Statements
• FNSTPB503 Apply Legal Principles in Contract and Consumer Law

Career outcomes

Once you graduate from a Diploma of Accounting, you’ll have many opportunities to seek employment in roles such as:

• Registered Tax Agent
• Financial Accountant
• Management Accountant
• Budget Analyst
• Chief Financial Officer
• Financial Clerk
• Accounting Assistant
• Accounts Payable Clerk

How to study

If you’re interested in completing a Diploma of Accounting, there are several ways to get started. If you don’t meet the entry requirements for the course, you could do a course that leads into the Diploma of Accounting, like the FNS40217 Certificate IV in Accounting and Bookkeeping or FNS40215 Certificate IV in Bookkeeping. Alternatively, if you’ve already worked in the industry as a bookkeeper or similar, or studied a similar course, there may be the option for recognition of prior learning (RPL). 

Many RTO‘s now also offer online courses, as most companies use an online accounting system. This means that you can study your chosen course from anywhere within Australia, or even when travelling! International students should inquire with CRICOS to determine whether they are eligible students for the course. There are also a range of full time and part-time courses available so that you can complete your diploma of accounting within your own time. 

What you’ll learn

The Diploma of Accounting will introduce you to a wide range of topics and equip you with skills in areas such as preparing tax documentation, preparing financial reports, providing management accounting information and providing financial and business performance information.

If you want to enrol in a Diploma of Accounting, then make sure to browse our list of available courses above to discover more about tuition fees,  course fees, start dates, and full fee vs. VET student loan options.