Skill set Outline
Date retreived
21/07/2026 11:53 PM AWST
21/07/2026 11:53 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.
Advanced Accounting Principles Skill Set
Advanced Accounting Principles Skill Set
Skill set
National Code
FNSSS00015
FNSSS00015
State Code
AD752
AD752
TGA Status
Current
Current
DTWD Status
Approved
Approved
National Endorsed, State Implementation and Classification
AQF Level
Statement of Attainment at Diploma Level
Field of Education
0801 - Accounting
Skillset Type
National
Original TGA Release Date
13/02/2018
Current Release Date
15/06/2022
Current Release Number
2.00
Approved Date
24/05/2022
Transition Date
—
Nominal Hours
315
Duration
1 Semester
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 15/06/2022 | Current | Approved |
| 1.00 | 13/02/2018 | Replaced | Approved |
Pathway Information
Licensing / Regulatory Information
Skill Set Entry Requirements
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.
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.
Target Group
Suggested words for statement of attainment
General notes
Schedule
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| OEB80 | FNSACC526 | Implement and maintain internal control procedures | 30 | Unit of competency |
| OED03 | FNSACC523 | Manage budgets and forecasts | 50 | Unit of competency |
| OEC09 | FNSACC524 | Prepare financial reports for corporate entities | 65 | Unit of competency |
| OEB73 | FNSACC522 | Prepare tax documentation for individuals | 70 | Unit of competency |
| OEC93 | FNSACC521 | Provide financial and business performance information | 50 | Unit of competency |
| OED06 | FNSACC527 | Provide management accounting information | 60 | Unit of competency |