Diploma of Accounting

Diploma of Accounting


General Information

RTO Code 45121
CRICOS Course Codes 112635M
Training Package Financial Services Training Package (FNS)
Version (Release of Training Package) Version 6.2
Qualification Title Diploma Of Accounting FNS50217
Duration 18 Months (One and a Half year)
Mode of Delivery This program is delivered in the classroom
Authorized By Amir Salim
Contact Details info@vsa.sa.edu.au

Qualification Description

The FNS50217 Diploma of Accounting 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.

Packaging Ru­les

Six (6) core and five (5) elective units are required for the award of the Diploma of Accounting. Units have been selected in accordance with the packaging rules and are relevant to the work outcome, local industry requirements and qualification level.

The latest release of the qualification and packaging rules can be found at the following link:


Licencing, Legislative, Regulatory or Certifications

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide 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, 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 Duration

This qualification will be delivered over 78 weeks, including 60 weeks of training and assessment spread over 6 terms of 10 weeks each and 18 weeks of holidays.


Student must complete FNSSS00014 Accounting Principles Skill Set or completion of FNS40217 Certificate IV in Accounting and Bookkeeping prior to comencing this qualification.

Students who complete this course may wish to continue their education into the FNS60217 Advanced Diploma of Accounting or a range of Advanced Diploma qualifications related to accounting.

Course Credit

Students may apply for recognition of existing qualifications or skills, knowledge and experience (credit transfer or recognition of prior learning). The granting of course credit may affect course fees, as well as the duration of the course.

This process is outlined in RTO Student Enrolment and Completion Policy and Associated Procedures and Training and Assessment Policy & Associated Procedures.


Units of Competency

Total number of units required for the qualification will be ten (11) including six (6) core units plus five(5) elective units. The units that VSA will be delivering and assessing are provided below:

FNSACC511 Provide financial and business performance information Core
FNSACC512 Prepare tax documentation for individuals Core
FNSACC513 Manage budgets and forecasts Core
FNSACC514 Prepare financial reports for corporate entities Core
FNSACC516 Implement and maintain internal control procedures Core
FNSACC517 Provide management accounting information Core
FNSORG506 Prepare financial forecasts and projections Elective
BSBLDR402 Lead effective workplace relationships Elective
FNSINC504 Apply ethical framework and principles to make and act upon decisions Elective
BSBPEF501 Manage personal and professional development Elective
BSBWHS521 Ensure a safe workplace for a work area Elective

Delivery and Assessment Overview

The qualification is delivered over 78 weeks comprising of:

  • 6 terms of 10 weeks each (60 weeks total).
  • Holiday breaks amounting to 18 weeks (as specified in the timetable)

Students are required to attend 20 hours of classroom training per week.

Homework is expected to be approximately 5 hours a week.

The training and assessment schedule shows the weeks during which training is delivered and assessment conducted for each unit.

The total amount of training provided being structured classroom sessions is 720 hours. Time scheduled for assessment in class is 480 hours. Homework is unsupervised and may include research for assessments and general reading, as well as completion of the self-study activities is expected to be on average 5 hours a week.

Total delivery and assessment hours therefore amount to 1200 hours and the volume of learning (i.e. including unsupervised learning of homework) is 1,500 hours. A detailed breakdown of hours is provided in the Training and Assessment Schedule.

RTO operates a system of rolling enrolments meaning that students may commence at the beginning of any unit. Students may enter the qualification after any unit, as there are no pre-requisites for any units. The Training and Assessment Schedule is shown in terms and this represents the scheduling of units on commencement. However, depending on when a student joins the course, the term number will vary.

RTO has decided on the course duration and amount of training taking into account the AQF Volume of Learning, which is typically 1 – 2 years and 1200 – 2400 hours. It is considered that the duration and amount of training provided will allow students the opportunity to fully absorb the required knowledge, as well as develop skills over time. This amount is not reduced to account for existing competencies, as most learners will not have any prior relevant experience. However, where learners have prior skills and knowledge they may apply for RPL or credit transfer, which will reduce the course duration if granted.

Student Cohort

The target cohort for this qualification are international students who want are seeking to persue career in accounting and seeking a pathway for further learning. The students qualified from VSA in Certificate-IV in Accounting and Bookkeeping can further proceed for this qualification to excel their skills in accounting and bookkeeping for managerial or monitoring roles.

Qualification and Statement of Attainment

Student/s will be required to achieve competency in eleven (11) units of competency (UOC) to successfully achieve qualification of FNS50217 Diploma of Accounting. A completion that is less than eleven (11) successful UOC will result in the issuance of a Statement of Attainment.

Fees for the Qualification

The total fee for the qualification includes:

  • Enrolment fee: $250 (non-refundable)
  • Tuition fees: $14,750 (this includes all course materials)

Vocational Skills Australia does not require international students to pay more than 50% of course fees prior to course commencement. However, Vocation Education Training Australia provides students with the opportunity to pay more than 50% of their tuition fees prior to course commencement if they wish. Generally, fees are payable in equal instalments and the dates and amounts are included in the Course Acceptance Agreement.

Recognition of Prior Learning (RPL):
  • Application Fee; and
  • Assessment Fee per unit of competency
Reassessment (per Unit of Competency assessment) $200.00, applicable if “Not Satisfactory” Outcome after two consecutive attempts
Reprint of Statement of Attainment $50.00
Reprint of Testamur $50.00
Photocopying 50C per black & white photocopy single side
Printing: Black and White 50C per black & white photocopy single side
Reissue of Student Card $50.00
Issue of Letter for Immigration $25.00
Interim Record of Results $25.00
Cancellation Fees $250.00
Laptop\Chrome Book (If required by Learner) $305.00+ Additional warranty cost for 1 year if required by learner
Bank dishonour fee $100.00
Debt collection $500.00
National Recognisiton (Credit Transfer) No Charge/Nil

Entry Requirements

  • Students must be aged 18 years or above
  • Completed Year 12 or equivalent
  • LLN test CSPA (Core Skills Profile for Adults) from ACER
  • Evidence of acceptable English language test course:
  • Entry requirment stated on training.gov.au - FNS50217 - Diploma of Accounting are:
    - Completion of the FNSSS00014 Acvounting Principle Skill Set
    - Completion of FNS40217 Certificate IV in Accounting and Bookkeeping
International English International English Language Testing System (IELTS) 5.5
Test of English as a Foreign Language (TOEFL) internet-based test 46
Cambridge English: Advanced (Certificate in Advanced English) 162
Pearson Test of English Academic 42
Occupational English Test taken no more than two years before the student visa application is made. Pass (A or B)
Language, Literacy and Numeracy (LLN) Test from ACER Learning 4
Reading 4
Writing 4
OC 4
Numeracy 4

Learners are encouraged to bring their laptop or other devices to connect with our wifi network. All students must bring laptop/chromebook in all classes, workshops and orientation. In case if laptop/chromebook is not avaliable with any learner, VSA will provide devices on additional cost. All students are informed of the entry requirements prior to commencing a course through comprehensive brochures and marketing information. VSA’s enrolment procedure ensures students meet this requirement.

Recognition of Prior Learning

Students are able to have their competency from prior learning and work experience recognized in this qualification through the following arrangements:

VSA will provide RPL guides and documentation to Students that explains the entire process. RPL is the acknowledgement of skills and knowledge obtained through formal or informal training, Work and life experiences.

  • If a student has previously completed training or has courserelated skills and experience, he or she may be eligible for RPL.
  • Applications for RPL will be assessed on an individual basis. Each applicant will need to provide the necessary documentation. Documentation of prior learning is the most common form of evidence, however there are other forms of evidence including: third party observations, self-assessment reviews, verbal questioning, phone interviews and real work samples such as log books, lesson plans, meeting minutes etc. RPL applications must be assessed as early as possible.

All evidence documents will be assessed against the following rules of evidence:

  • Validity
  • Authenticity
  • Currency
  • Sufficiency
  • RPL and course credit may reduce the duration of a student’s enrolment. RPL applications must be assessed as early as possible.

Learning Resources

The following Learning Resources will be available free of cost to students enabling them to absorb the required skills and knowledge:

  • Learning Resources from RTO works
  • Supplementary resources including articles / web references / workplace policies, procedures and sample documents (material provided as handout / link / reference)
  • Reference books such as Leadership and Managment: Theory and Practice 7th edition by Kris Cole
  • PowerPoint/handouts.

Credit Transfer

Students may also apply for a credit transfer upon enrolment and this may reduce their course duration, refer VSA recognition of prior learning and credit transfer policy and procedure.

Suggest Job Roles

Graduates at this level will have theoretical and practical knowledge and skills for specialized and/or skilled work and/or further learning. Example job roles include:

  • Account Payable Team Leader
  • Account Receivable Team Leader
  • Collection Supervisor
  • Payroll Team Leader

The designation may vary from organization to organization depends upon organization structure and portfolio responsibilities.


  • Air-Conditioned and spacious classrooms.
  • Access to bathroom, facilities, parking, meal and public transport facilities
  • Wi-Fi connection
  • A structured visit and easy access to borrowing services at Mawson Lakes Library
  • Access to meeting rooms, computers, printers, scanners and projecters with associated software

About Us

Education Investors Pty Ltd Trading as Vocational Skills Australia

ABN: 24 611 927 792
RTO Code: 45121
CRICOS Course Code: 03818M

Contact Us

  • Innovation House 50 Mawson Lakes Boulevard Mawson Lakes South Australia 5095 Australia
  • +61 416 480 523
  • info@vsa.sa.edu.au

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