Qualification Outline
21/07/2026 11:48 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
FNS50215
AVX7
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 3.00 | 14/01/2016 | Current | Transition (Replaced) |
| 2.00 | 22/04/2015 | Replaced | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification reflects professional accounting job roles in financial services and other 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 guidance to others within defined guidelines.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume 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. Persons seeking registration with the TPB should check current registration requirements with the Board.
Schedule
Packaging Rules
Total number of units = eleven (11)- six (6) core units plus
- five (5) elective units
The elective units consist of:
- three (3) from the electives below.
Of the remaining two (2) units:
- up to two (2) may be from the electives
- up to two (2) may be from Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
1. Core Units
All six (6) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUQ21 | FNSACC506 | Implement and maintain internal control procedures | 20 | Unit of competency |
| AUQ12 | FNSACC503 | Manage budgets and forecasts | 50 | Unit of competency |
| AUQ16 | FNSACC504 | Prepare financial reports for corporate entities | 65 | Unit of competency |
| AUQ08 | FNSACC502 | Prepare tax documentation for individuals | 70 | Unit of competency |
| AUQ11 | FNSACC501 | Provide financial and business performance information | 50 | Unit of competency |
| AUQ14 | FNSACC507 | Provide management accounting information | 60 | Unit of competency |
2. Elective Units
At least three (3) units must be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| S718 | FNS50210 | Diploma of Accounting | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| BDP8 | FNS50217 | Diploma of Accounting | Qualification |
VET Info Notes
ASQA made the decision following a request from PwC’s Skills for Australia, in their role as the Skills Service Organisation of the FNS training package.
This extension will be granted to all registered training organisations (RTOs) delivering the qualifications. The decision extends the transition period for these RTOs to complete the training, assessment and Australian Qualifications Framework (AQF) certification issuance.
While learners may still be enrolled in the superseded qualifications until 11 February 2019, they must be able to be completed and issued their AQF certification by 12 February 2020; otherwise, they should be enrolled in the replacement qualifications - FNS50217 Diploma of Accounting and FNS60217 Advanced Diploma of Accounting.
ASQA will publish this decision on its website and notify all affected RTOs.
Training.gov.au will not be updated to reflect the extended transition date.
If you have any questions about this decision, please contact transitionrequest@asqa.gov.au
Entry Requirements
Nil
Traineeships and Apprenticeships
