Qualification Outline

Date retreived
21/07/2026 11:18 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Diploma of Accounting

Diploma of Accounting

Qualification
National Code:
FNS50204
State Code:
C705
TGA Status:
Replaced
DTWD Status:
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0811 - Banking, Finance And Related Fields
Original TGA Release Date
10/07/2004
Approved Date
12/08/2005
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
320
Duration
1 Semester
Current Release Number
1.00
Current Release Date
10/07/2004
VET Act Conditions
—
Releases
Release Version Release Date TGA Status DTWD Status
1.00 10/07/2004 Current Approved
Description
Schedule
Packaging Rules
To attain a Diploma of Accounting, seventeen (17) units must be achieved.
Four (4) industry core units, PLUS
Five (5) prerequisite units common to Certificate III in Financial Services (Accounts Clerical), PLUS
Five (5) sectoral core units, PLUS
Three (3) elective units.
1.

INDUSTRY CORE UNITS:
**Learners to complete the four (4) industry core units listed below:

**Several of the core units listed below are common to Certificate III and IV qualifications from the Financial Services Training Package. If these units have not been previously assessed they will need to be demonstrated prior to awarding of a Diploma qualification.

State Code National Code Title Hours Type
C9746 FNSICGEN304B Apply health and safety practices in the workplace 5 Unit of competency
C9758 FNSICIND401B Apply principles of professional practice to work in the financial services industry 20 Unit of competency
C9743 FNSICGEN301B Communicate in the workplace 35 Unit of competency
C9744 FNSICGEN302B Use technology in the workplace 60 Unit of competency
2.

PRE-REQUISITE UNITS:
Learners to complete the five (5) prerequisite units listed below:

**Competency in the following units, available as sectoral core and elective units from the Certificate III in Financial Services (Accounts Clerical) must be demonstrated prior to awarding of this qualification.

State Code National Code Title Hours Type
C3543 BSBCMN308A Maintain financial records 60 Unit of competency
C9717 FNSICACC304B Prepare and bank receipts 10 Unit of competency
C3723 BSBADM408A Prepare financial reports 40 Unit of competency
C9719 FNSICACC306B Process journal entries 20 Unit of competency
C9600 FNSACCT407B Set up and operate a computerised accounting system 70 Unit of competency
3.

SECTORAL CORE UNITS:

Learners to complete the five (5) sectoral core units below:

State Code National Code Title Hours Type
C9606 FNSACCT506B Implement and maintain internal control procedures 20 Unit of competency
C9603 FNSACCT503B Manage budgets and forecasts 50 Unit of competency
C9604 FNSACCT504B Prepare financial reports for a reporting entity 70 Unit of competency
C9602 FNSACCT502B Prepare income tax returns 70 Unit of competency
C9607 FNSACCT507B Provide management accounting information 60 Unit of competency
4.

ELECTIVE UNITS: Learners to complete at least three (3) elective units. The elective units may be selected as follows:
All three (3) units may be selected from the Financial Services Training Package at the Diploma level.
Of the three (3) elective units, one (1) unit from the list below must be included.
Of the three (3) elective units, up to two (2) units may be selected at the Certificate IV level and up to two (2) units may be selected at the Advanced Diploma level.
Of the three (3) elective units, two (2) units may be selected from other endorsed Training Packages in accordance with other packaging guidelines for this qualification.
The choice of electives should be appropriate to the level and integrity of the qualification and to the workplace outcomes it is designed to meet.
**See Levels Chart for full list of units available in the Financial Services Training Package.

**The units listed below are suggested as electives**

NOTE: When selecting units from the list below please note that:
* FNSACCT503B is a prerequisite unit to FNSACCT607B
* FNSRETA309B, FNSRETA310B, FNSICORG301B and FNSICACC301B are prerequisite units to FNSICORG509B

State Code National Code Title Hours Type
C9786 FNSICORG608B Control a budget 40 Unit of competency
C9787 FNSICORG609B Develop and manage financial systems 60 Unit of competency
C9605 FNSACCT505B Establish and maintain accounting information systems 40 Unit of competency
C9721 FNSICACC401B Evaluate and authorise payment requests 10 Unit of competency
C9614 FNSACCT607B Evaluate business performance 40 Unit of competency
C9768 FNSICORG509B Maintain integrity of financial systems 50 Unit of competency
C9769 FNSICORG510B Manage own professional development 60 Unit of competency
C9776 FNSICORG517B Prepare financial forecasts and projections 60 Unit of competency
C9775 FNSICORG516B Prepare financial reports to meet statutory requirements 50 Unit of competency
C9601 FNSACCT501B Provide financial and business performance information 50 Unit of competency
Replaces
State Code National Code Title Type
C531 FNB50202 Diploma of Accounting Qualification
Replaced By
State Code National Code Title Type
S718 FNS50210 Diploma of Accounting Qualification
VET Info Notes
This training program is a representation of the qualification code FNS50204 taken from the Financial Services Training Package FNS04 which should be consulted for full description of requirements. FNS04 is endorsed until 31/10/07.

1. This qualification is the copyright of The Australian National Training Authority.

2. Further information on this qualification is contained in the training Package available from Australian Training Products Ltd., Tel: (03) 9630 9836.

3. This qualification was entered on to STARS by the Central TAFE on 17/05/2005.

NOTE: Industry core and pre-requisite units should have been completed as part of Certificate III in Financial Services (Accounts Clerical) or the Certificate IV in Financial Services (Accounting). The nominal hours for these units are not included in the 320 hours for this qualification.

Note:
RTOs delivering the Diploma of Accounting with PPP funding must ensure that the pre-requisite and industry core units specified in the Training Package are incorporated into the program. Students must be assessed and deemed competent in the pre-requisites prior to being assessed against the units.
Entry Requirements
No information
Traineeships and Apprenticeships
No information