Accounting

CIT’s Accounting qualifications will provide you with the skills and knowledge you need to work in a variety of finance jobs, ranging from administrative or budget officer, to advanced roles in the banking and financial industries.

Our Diploma-level course will develop work-ready skills that will give you the edge as you enter the workforce. The Advanced Diploma is highly respected by the business, banking and financial industries in Australia and will provide you with the combination of hands-on training and comprehensive theoretical knowledge that you need to perform advanced accounting roles.

This qualification includes units that are recognised by the Australian Tax Practitioners Board.

Industry Placement

Gain work experience with a guaranteed industry placement organised by CIT (1 day a week for 17 weeks).

Why study at CIT?

  • CIT's qualifications are prestigious and graduates are highly regarded by business, banking and financial industries
  • Hands-on training with high-level theory
  • Teachers are accounting practitioners with current industry experience
  • Learn recognised accounting software including MYOB
  • Highly diverse classes with both Australian and international students
  • Selected units are recognised by the Australian Tax Practitioners Board
  • Flexibility with your study timetable to suit your needs (day or night classes)^

^Dependant on teacher availability.

  • Course Details
    Course/s

    Certificate III in Accounts Administration | FNS30317
    CRICOS: 098028M

    Certificate IV in Accounting and Bookkeeping | FNS40217
    CRICOS: 098125K

    Diploma of Accounting | FNS50217
    CRICOS: 099030J

    Advanced Diploma of Accounting | FNS60217
    CRICOS: 099029B

  • Course Duration
    Duration

    TOTAL CIT PACKAGE: 2 years
    Certificate III: 6 months Certificate IV: 6 months Diploma: 6 months Advanced Diploma: 6 months

  • Course Intake
    Intake

    2022 Semester 1 (February) and Semester 2 (July)

    2023 Semester 1 (February) and Semester 2 (July)

  • Course Campus
    Campus

    CIT Reid

  • Course Fees
    Fees*

    Tuition Fees:

    2022: $6,850 per semester

    2023: $7,050 per semester

    Extra Fees:

    Certificate III: Textbooks: $325 approx.

    Certificate IV: Textbooks: $450 approx.

    Diploma: Textbooks: $780 approx. Software: $65

    Advanced Diploma: Material fees: $21, Textbooks: $850 approx.

  • *Please note - Course fees are listed in $AUD and are based on a semester rate. Total course cost will vary depending on semester start date. Small fee increases may happen annually in line with CIT's fee pricing review. 2023 fees are subject to change.

  • Entry Requirements

    Academic requirements:

    • Year 12 Certificate or equivalent


    Students over the age of 20 may be eligible for adult entry. Please refer to Entry Requirements for more information.

    English requirements:

    Students must meet one of the following English requirements:

    • IELTS 5.5 (no band score less than 5.0)
    • TOEFL iBT - 46
    • PTE Academic - 42 (minimum of 36 in each band)
    • Cambridge English test (C1 Advanced and B2 First) - 162
  • Course Subjects - Certificate III

    Certificate III in Accounts Administration | FNS30317 – 11 subjects

    Core: complete all 7 subjects

    • BSBITU306 Design and produce business documents
    • FNSACC304 Conduct business activities using a computerised accounting system
    • BSBWRT301 Write simple documents
    • FNSACC311 Process financial transactions and extract interim reports
    • FNSACC312 Administer subsidiary accounts and ledgers
    • FNSACC313 Perform financial calculations
    • FNSINC301 Work effectively in the financial services industry

    Electives: complete all 4 subjects

    • FNSCRD405 Manage overdue customer accounts
    • BSBITU304 Produce spreadsheets
    • FNSORG301 Administer fixed asset register
    • FNSRTS309 Maintain main bank account
  • Course Subjects - Certificate IV

    Certificate IV in Accounting and Bookkeeping | FNS40217 - 13 subjects

    Core: complete all 8 subjects

    • BSBFIA401 Prepare financial reports
    • BSBSMB412 Introduce cloud computing into business operations
    • FNSACC311 Process financial transactions and extract interim reports
    • FNSACC312 Administer subsidiary accounts and ledgers
    • FNSACC408 Work effectively in the accounting and bookkeeping industry
    • FNSACC416 Set up and operate a computerised accounting system
    • FNSTPB401 Complete business activity and instalment activity statements
    • FNSTPB402 Establish and maintain payroll systems

    Electives: complete all 5 subjects

    • BSBITU306 Design and produce business documents
    • BSBITU402 Develop and use complex spreadsheets
    • BSBWRT301 Write simple documents
    • FNSACC313 Perform financial calculations
    • FNSACC414 Prepare financial statements for non-reporting entities
  • Course Subjects - Diploma

    Diploma of Accounting | FNS50217 - 11 subjects

    Core: complete all 6 subjects

    • FNSACC511 Provide financial and business performance information
    • FNSACC512 Prepare tax documentation for individuals
    • FNSACC513 Manage budgets and forecasts
    • FNSACC514 Prepare financial reports for corporate entities
    • FNSACC516 Implement and maintain internal control procedures
    • FNSACC517 Provide management accounting information

    Electives: complete all 5 subjects

    • BSBFIA401 Prepare financial reports
    • BSBITU402 Develop and use complex spreadsheets
    • FNSTPB503 Apply legal principles in consumer and contract law
    • FNSACC608 Evaluate organisation’s financial performance
    • FNSACC408 Work effectively in the accounting and bookkeeping industry
  • Course Subjects - Advanced Diploma

    Advanced Diploma of Accounting | FNS60217 - 14 subjects

    Core: complete all 3 subjects

    • FNSACC624 Monitor corporate governance activities
    • FNSINC601 Apply economic principles to work in the financial services industry
    • FNSINC602 Interpret and use financial statistics and tools

    Electives: complete all 11 subjects

    • FNSACC601 Prepare and administer tax documentation for legal entities
    • FNSACC608 Evaluate organisation’s financial performance
    • FNSTPB503 Apply legal principles in contract and consumer law
    • FNSTPB504 Apply legal principles in corporations and trust law
    • FNSTPB505 Apply legal princinples in property law
    • BSBWOR501 Manage personal work priorities and professional development
    • BSBFIA401 Prepare financial reports
    • BSBITU402 Develop and use complex spreadsheets
    • BSBWRT401 Write complex documents
    • BSBITU401 Design and develop complex text documents
    • FNSACC408 Work effectively in the accounting and bookkeeping industry
  • Likely Job Outcome

    Certificate III: Cashier, bookkeeper, accounts payable/receivable assistant, payroll assistant.

    Certificate IV: Employment in accounting roles such as completing BAS, completing other office taxes, operational reporting, producing management reports, managing a small office.

    Diploma: Assistant accountant (inventory, payroll, accounts receivable and payable, computerised bookkeeping and costing), budget officers, office managers, administration managers.

    Advanced Diploma: Professional accountant, banker, tax agent, financial manager, consulting and strategic business planning, small business advisor

  • Teaching Methods and Assessment

    Modes of study include lectures, tutorials, business simulations.

    Assessment methods include projects, presentations, assignments, tests and reports.

  • Pathways to Further Study

    CIT’s credit transfer arrangements can reduce the time and fees required to complete a bachelor degree at university. If you successfully complete your CIT qualification and gain entry into the university below, you will receive the following:

    University of Canberra (UC)

    • Diploma of Accounting (FNS50217)  =  24 credit points (1 year) towards UC's Bachelor of Commerce (MGB001.1) and Bachelor of Commerce (Accounting) (MGB301.1)
    • Advanced Diploma of Accounting (FNS60217)  =  36 credit points (1.5 years) towards UC's Bachelor of Accounting (MGB001.1) and Bachelor of Commerce (Accounting) (MGB301.1)

    We advise you speak directly with your chosen university in relation to credit transfer, entry requirements and their application process.

    Certificate III in Accounts Administration 6 months
    PLUS
    Certificate IV in Accounting and Bookkeeping 6 months
    PLUS
    Diploma of Accounting 6 months
    PLUS
    Advanced Diploma of Accounting 6 months
    = 2 years of study
    ▼
    Optional degree pathway available