FNS50222 Diploma of Accounting

Accounting and Bookkeeping Course

FNS50222 Diploma of Accounting

Qualification Description

This qualification reflects 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, Legislative, Regulatory or Certification Considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to 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.


Course Overview
Item Details
VET National Code FNS50222
CRICOS Course Code 112866G
Duration 52 weeks (40 weeks of class delivery and 12 weeks of break/holidays)
Volume of Learning Total Volume of Learning (hrs): 1200
Classroom Training (hrs): 420
Classroom Assessment (hrs): 380
Self-Study (hrs): 400
Tuition Fee $15,000
Enrolment Fee $300
Material Fee $500
Delivery Mode The training program is delivered face-to-face for 20 hours per week, across a 10-week study period in each term. Each term consists of 10 weeks of scheduled classroom learning, excluding holiday breaks.
Entry Requirements
Requirement Details
Age Requirement All international students must be at least 18 years of age or above at the time of course commencement.
Academic Requirements International students applying for this qualification, either offshore or on-shore, will need satisfactory completion of the equivalent of Australian Year 12 or equivalent and prior to commencing this qualification an individual must have completed the following units of competency (or equivalent).

  • FNSACC321 Process financial transactions and extract interim reports
  • FNSACC322 Administer subsidiary accounts and ledgers
  • FNSACC418 Work effectively in the accounting and bookkeeping industry
  • FNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).

  • These competencies may have been achieved through completion of the following (or their equivalent):
    • FNSSS00014 Accounting Principles Skill Set
    • OR
    • FNS40222 Certificate IV in Accounting and Bookkeeping.
English Language Requirements To enrol into this course with AABT College, international students, applying either off-shore or on-shore, must satisfy one of the following requirements:

  • Either a minimum IELTS test score of 6 or equivalent for direct entry into a VET course; or
  • IELTS score of 5.5 or equivalent with an ELICOS course (up to 10 weeks) to be taken before the main VET course; or
  • IELTS score of 5.0 or equivalent with an ELICOS course (up to 20 weeks) to be taken before the main VET course.
Results more than two years old are not acceptable.

OR

Evidence that they have studied in English for at least five years in Australia, Canada, New Zealand, Republic of Ireland, South Africa, United Kingdom, or United States.

OR

Evidence that, within two years of their application date, they have successfully completed in Australia and in the English language, either the senior secondary certificate of education or a substantial component of a course leading to a qualification from Australian Qualifications Framework at the Certificate IV or higher level, while they held a student visa.

Please note that AABT College will also accept equivalent test results from the following specified English Language Tests: TOEFL iBT, PTE Academic, Cambridge English: Advanced (CAE), and TOEFL PBT.

*On 26 July 2023 the TOEFL internet-based test (TOEFL iBT) stopped offering English language tests for Australian visa purposes. A score for a TOEFL iBT test taken on or after 26 July 2023 will no longer satisfy the English language requirement for Student visa purposes. Only TOEFL iBT scores from a test taken on or before 25 July 2023 are accepted for Student visa purposes.

**From 12 February 2024, only results from the paper-based Cambridge C1 Advanced test (previously known as Cambridge English: Advanced CAE) will be accepted for Australian visa and migration purposes. Test scores for both C1 Advanced paper-based and computer-based tests, taken before 12 February 2024, within the specified validity period are still accepted.
English language test providers Minimum test score Minimum test score with up to 10 weeks ELICOS Minimum test score with up to 20 weeks ELICOS
International English Language Testing System (IELTS) 6 5.5 5
Cambridge English: Advanced (Certificate in Advanced English)** 169 162 154
TOEFL internet-based test (only accepted if test is taken on or before 25 July 2023)* 64 46 35
Pearson Test of English (PTE) (only accepted if the test is taken on or before 6 August 2025) 50 42 36
Pearson Test of English (PTE) (only accepted if the test is taken on or after 7 August 2025) 47 39 31
Pre-Training Review All students will undertake a pre-training review which identifies training needs, education background, and computing skills via an interview with an AABT enrolment officer. This also explores potential RPL opportunities and ensures readiness to complete the course.
Computer Literacy Requirement Students must have basic computer skills including MS Word, PowerPoint, and internet research. They must be able to use email, work with PDFs, and access web platforms like Moodle.
Materials & Equipment Requirement While AABT College provides access to computers and resources during class, students must bring a personal laptop (Windows 10 or higher), have a valid email address, and be reachable via phone or mail. All learners must have access to MS Office tools and communication platforms.
Recognition of Prior Learning (RPL) RPL is available for each unit based on prior training, work experience or formal learning. Please consult your trainer or the support team to apply.
Credit Transfer Credit Transfer can be granted for equivalent units from accredited qualifications. Please discuss during enrolment.
Language, Literacy, Numeracy and Digital Tests (LLN&D)

All students are required to undertake a Language, Literacy, Numeracy, and Digital (LLN&D) test mapped to ACSF to identify if a student requires AABT College to provide any additional support. The expected Language, Literacy, Numeracy, and Digital (LLN&D) outcome is ACSF Level 3 for Diploma of Accounting.

This is not an entry requirement but is designed to determine if a student has any specific Language, Literacy, Numeracy, and Digital (LLN&D) support needs in the context of VET training and has a different purpose to the English entry requirements which are assessed prior to offering a student a place in a course.

The results of the Language, Literacy, Numeracy, and Digital (LLN&D) test are provided to the trainer, who can further advise the student if they require additional Language, Literacy, Numeracy, and Digital (LLN&D) support to successfully achieve the course outcomes.

Unit Structure

To be awarded the FNS50222 Diploma of Accounting qualification, learners must be deemed competent in 11 units of competency, as specified in the Accounting Resources and Training Package qualification rules, which include:

  • Seven (7) Core Units
  • Four (4) Elective Units

For more information, visit the official training package details: FNS50222 Diploma of Accounting .

Core Units:

No. Unit Code Unit Title
1BSBTEC402Design and produce complex spreadsheets
2FNSACC521Provide financial and business performance information
3FNSACC522Prepare tax documentation for individuals
4FNSACC523Manage budgets and forecasts
5FNSACC524Prepare financial reports for corporate entities
6FNSACC526Implement and maintain internal control procedures
7FNSACC527Provide management accounting information

Elective Units:

No. Unit Code Unit Title
1BSBLDR413Lead effective workplace relationships
2BSBWHS411Implement and monitor WHS policies, procedures and programs
3BSBWRT411Write complex documents
4FNSACC505Establish and maintain accounting information systems

Note: Fees may change during your course of study. AABT College reserves the right to discontinue or alter any course date, tuition or service fee, location, timetable or staffing without prior notice. This will constitute a provider default and all tuition fees will be handled in accordance with AABT College’s Refund Policy. Interest will not be credited to Student Fees or disbursements and therefore no interest will be recovered by students in the event of cancellation. Students must maintain valid Overseas Student Health Care insurance throughout their enrolment.

Career Opportunities
  • Bookkeeper
  • Accounts Officer / Accounts Clerk
  • BAS Agent (with additional Tax Practitioners Board registration)
  • Assistant Accountant
  • Accounts Payable/Receivable Coordinator

Note: AABT College does not make any misleading claim, job guarantee, or advertise any specific employment outcome with its courses.

Assessment

This program is delivered under competency-based training which means instead of grading or marks, students are required to demonstrate all the criteria for each unit of competency. Students are marked as “Competent” or “Not yet competent”.

Typical assessment methods will include knowledge questions, case studies, role plays, projects, and skills demonstrations.

How to Apply

To find out the methods of application, please visit our How to Apply page.

If you have any questions regarding the application process or entry requirements, feel free to contact us at admissions@aabt.edu.au.

Why Study This Course?

Gain essential accounting and bookkeeping knowledge with hands-on skills designed to help you succeed in real workplaces.

Industry-Relevant Skills

Develop practical knowledge aligned with employer expectations in the accounting profession.

Practical Training

Build confidence through simulated projects and activities that reflect everyday workplace challenges.

Career Pathways

Open doors to future opportunities through hands-on experience and meaningful industry connections.