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.

Additional Information

Students will participate in work placement for the Advanced Diploma qualification between 75-127.50 hours.
This qualification includes units that are recognised by the Tax Practitioners Board. Students seeking Tax Agent registration should obtain advice from the Tax Practitioners Board.

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 | FNS50222
    CRICOS: 112092D

    Advanced Diploma of Accounting | FNS60222
    CRICOS: 112091E

    New training packages will be introduced for the Certificate III and Certificate IV qualifications in 2023.

  • Course Duration
    Duration

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

    Certificate III and Certificate IV is delivered at CIT Reid 

    Diploma and Advanced Diploma is delivered at CIT Bruce

  • Course Intake
    Intake

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

  • Course Campus
    Campus

    CIT Reid; CIT Bruce

  • Course Fees
    Fees*

    Tuition Fees:

    2023: $7,050 per semester ($7050 per qualification commenced in 2023)

    Extra Fees:

    Certificate III: Textbooks: $370 approx.

    Certificate IV: Textbooks: $490 approx.

    Diploma: Textbooks: $615 approx. Software: $70

    Advanced Diploma: Textbooks: $740 approx.

    *Textbooks are required for most subjects.

  • *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. 2024 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 | FNS50222 - 11 subjects

    Complete 11 subjects

    Core: complete all 7

    • BSBTEC402 Design and produce complex spreadsheets
    • FNSACC521 Provide financial and business performance information
    • FNSACC512 Prepare tax documentation for individuals
    • FNSACC514 Prepare financial reports for corporate entities
    • FNSACC516 Implement and maintain internal control procedures
    • FNSACC517 Provide management accounting information
    • FNSACC523 Manage budgets and forecasts

    Electives: complete 4

    • FNSACC426 Set up and operate computerised accounting systems
    • FNSINC612 Interpret and use financial statistics and tools
    • FNSTPB503 Apply legal principles in contract and consumer law
    • FNSACC608 Evaluate organisation's financial performance
  • Course Subjects - Advanced Diploma

    Advanced Diploma of Accounting | FNS60222 - 14 subjects

    Core: complete all 3

    • FNSACC634 Monitor corporate governance activities
    • FNSINC612 Interpret and use financial statistics and tools
    • FNSINC611 Apply economic principles to work in the financial services industry

    Electives: complete all 11

    • BSBTEC401 Design and produce complex text documents
    • BSBWRT411 Write complex documents
    • FNSTPB504 Apply legal principles in corporations and trust law
    • FNSACC601 Prepare and administer tax documentation for legal entities
    • FNSTPB505 Apply legal principles in property law
    • FNSACC608 Evaluate organisations financial performance
    • FNSACC524 Prepare financial reports for corporate entities
    • FNSTPB503 Apply legal principles in contract and consumer law
    • FNSACC522 Prepare tax documentation for individuals
    • FNSACC521 Provide financial and business performance information
    • FNSACC526 Implement and maintain internal control procedures
  • 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