Accounting

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

Foundation studies will instil in you the skills and knowledge to provide administrative assistance, financial services and accounting support to a broad range of organisations, businesses and government departments.

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

Graduates from the Advanced Diploma will be ready to embark on successful careers in both the private and public sectors and (if they wish) can be fast-tracked to the Charles Sturt University (CSU) Bachelor of Business, jointly delivered and completed at CIT's Reid campus.

  • Course Details
    Course/s

    Certificate III in Accounts Administration
    CRICOS: 086416J National ID: FNS30315


    Certificate IV in Accounting
    CRICOS: 091157C National ID: FNS40615


    Diploma of Accounting
    CRICOS: 088358J National ID: FNS50215


    Advanced Diploma of Accounting
    CRICOS: 088369F National ID: FNS60215

  • 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

    Semester 1 (February) and Semester 2 (July) 2018

    Semester 1 (February) and Semester 2 (July) 2019

  • Course Campus
    Campus

    CIT Reid

  • Course Fees
    Fees*

    Tuition Fees:

    2018*: Semester 1 - $6,450 Semester 2 - $6,450

    2019*: Semester 1 - $6,650 Semester 2 - $6,650

    Extra Fees:

    Certificate III:
    Material Fees: $10
    Textbooks: $250 approx.

    Certificate IV:
    Textbooks: $450 approx.

    Diploma:
    Textbooks: $775 approx.
    Software: $10

    Advanced Diploma:
    Textbooks: $560 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 happen annually in line with CIT's fee pricing review. 2018 and 2019 fees subject to change.

  • Entry Requirements

    ACT Senior Secondary Certificate or equivalent OR Adult Entry | Students must also meet one of the following English requirements: IELTS 5.5 (no band score less than 5.0) | TOEFL iBT – 46 | PTE Academic – 42 overall (minimum of 36 in each band) | Cambridge English test (C1 Advanced and B2 First) - 162.

  • Course Subjects - Certificate III

    Certificate III in Accounts Administration
    CRICOS: 086416J | National ID: FNS30315
    Complete 11 subjects (7 Core and 4 Electives)


    Core - Complete all 7

    National ID
    Subject Name
    • BSBITU306
      Design and produce business documents
      CIT Code: MGNT384
      Description: This unit describes the skills and knowledge required to design and produce various business documents and publications. It includes selecting and using a range of functions on a variety of computer applications. It applies to individuals who possess fundamental skills in computer operations and keyboarding. They may exercise discretion and judgement using appropriate theoretical knowledge of document design and production to provide technical advice and support to a team.
      Prerequisites: Nil
    • BSBWRT301
      Write simple documents
      CIT Code: COMM343
      Description: This unit describes the skills and knowledge required to plan, draft and finalise a basic document. It applies to individuals who apply a broad range of competencies in various work contexts and may exercise some discretion and judgement to produce a range of workplace documentation.
      Prerequisites: Nil
    • FNSACC301
      Process financial transactions and extract interim reports
      CIT Code: ACCT361
      Description: This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC302
      Administer subsidiary accounts and ledgers
      CIT Code: ACCT362
      Description: This unit describes the skills and knowledge required to reconcile and monitor financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, and remit payments to sundry creditors. It applies to individuals who use specialised knowledge and follow agreed processes to problem solve within their area of responsibility. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC303
      Perform financial calculations
      CIT Code: ACCT363
      Description: This unit describes the skills and knowledge required to use a range of common calculation methods and techniques for conducting routine financial calculations and transactions. It applies to individuals who use literacy and numeracy skills to perform common computational tasks as part of an operational job role.
      Prerequisites: Nil
    • FNSINC301
      Work effectively in the financial services industry
      CIT Code: ACCT373
      Description: This unit describes the skills and knowledge required to correctly interpret and apply industry and organisational procedures, guidelines, policies, ethical standards and sustainability requirements to day-to-day work in the financial services industry. It applies to individuals with the fundamental skills required to work in the financial services industry and underpins other units used in all sectors of the industry. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • BSBWHS201
      Contribute to health and safety of self and others
      CIT Code: OHSS200
      Description: This unit describes the skills and knowledge required to work in a manner that is healthy and safe in relation to self and others and to respond to emergency incidents. It covers following work health and safety (WHS) and emergency procedures and instructions, implementing WHS requirements and participating in WHS consultative processes. It applies to individuals who require a basic knowledge of WHS to carry out work in a defined context under direct supervision or with some individual responsibility, in a range of industry and workplace contexts.
      Prerequisites: Nil


    Electives - Complete 4 of 6
    Not all electives will be offered each semester

    • FSKWTG06
      Write simple workplace information
      CIT Code: FOUN111
      Description: This unit describes the skills and knowledge required to write simple workplace texts which may be in printed or digital format, such as incident or accident reports, purchase orders, brief shift notes, emails, messages, or WHS records. The unit applies to individuals who need writing skills at Australian Core Skills Framework (ACSF) level 2 to undertake a vocational training pathway or workplace tasks. This unit is designed for integration and contextualisation with vocational units to support achievement of vocational competency.
      Prerequisites: Nil
    • BSBFIA302
      Process payroll
      CIT Code: ACCT228
      Description: This unit describes skills and knowledge required to process payroll from provided data using manual and computerised payroll systems. It applies to individuals employed in a range of work environments who are responsible for payroll functions within an organisation. They may work as individuals providing administrative support within an enterprise, or may be other members of staff who have been delegated payroll responsibilities.
      Prerequisites: Nil
    • FNSACC405
      Maintain inventory records
      CIT Code: ACCT364
      Description: This unit describes the skills and knowledge required to comply with organisational inventory procedures, reconcile inventory records to general ledgers, record inventory flows, prepare schedules and produce ad hoc reports. It applies to individuals who use specialised financial knowledge and follow procedures to ensure compliance with required standards.
      Prerequisites: Nil
    • BSBITU304
      Produce spreadsheets
      CIT Code: COMP365
      Description: This unit describes the skills and knowledge required to develop spreadsheets through the use of spreadsheet software. It applies to individuals employed in a range of environments who tend to be personally responsible for designing and working with spreadsheets under minimal supervision.
      Prerequisites: Nil
    • FNSBKG402
      Establish and maintain a cash accounting system
      CIT Code: ACCT367
      Description: This unit describes the skills and knowledge required to establish and administer a cash receipts and payments system, and manage bank reconciliations and reporting responsibilities for manual and computerised systems. It applies to individuals in positions with some responsibility who may use a range of organisational and analytical techniques to provide bookkeeping services for organisations and small business owners or managers. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSBKG403
      Establish and maintain an accrual accounting system
      CIT Code: ACCT368
      Description: This unit describes the skills and knowledge required to establish debtors and creditors, manage debt recovery, perform reconciliations and prepare reports for accrual accounting in manual and computerised accounting systems. It applies to individuals who may use managerial and other techniques to provide contract bookkeeping services for organisations and small business owners. Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT367 FNSBKG402 Establish and maintain a cash accounting system
  • Course Subjects - Certificate IV

    Certificate IV in Accounting
    CRICOS: 091157C | National ID: FNS40615
    Complete all 13 subjects (10 Core and 3 Electives)
    Subjects listed below from earlier courses automatically count towards this course

    National ID
    Subject Name
    • BSBFIA401
      Prepare financial reports
      CIT Code: ACCT230
      Description: This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.
      Prerequisites: Nil
    • BSBITU306
      Design and produce business documents
      CIT Code: MGNT384
      Description: This unit describes the skills and knowledge required to design and produce various business documents and publications. It includes selecting and using a range of functions on a variety of computer applications. It applies to individuals who possess fundamental skills in computer operations and keyboarding. They may exercise discretion and judgement using appropriate theoretical knowledge of document design and production to provide technical advice and support to a team.
      Prerequisites: Nil
    • FNSACC301
      Process financial transactions and extract interim reports
      CIT Code: ACCT361
      Description: This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC302
      Administer subsidiary accounts and ledgers
      CIT Code: ACCT362
      Description: This unit describes the skills and knowledge required to reconcile and monitor financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action, and remit payments to sundry creditors. It applies to individuals who use specialised knowledge and follow agreed processes to problem solve within their area of responsibility. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC402
      Prepare operational budgets
      CIT Code: ACCT274
      Description: This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations. It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.
      Prerequisites: Nil
    • FNSACC404
      Prepare financial statements for non-reporting entities
      CIT Code: ACCT278
      Description: This unit describes the skills and knowledge required to develop a range of commonly required financial reports for entities that do not have a statutory duty to file financial reports with government agencies and regulators. It applies to individuals who use specialised knowledge and systematic approaches to collate and prepare financial information. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC406
      Set up and operate a computerised accounting system
      CIT Code: COMP337
      Description: This unit describes the skills and knowledge required to modify and operate an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions within the system, maintaining the system, producing reports and ensuring system integrity. It applies to individuals who within their area of responsibility use specialised knowledge, information technology and coordination skills to establish and maintain an organisational system.
      Prerequisites: Nil
    • FNSBKG404
      Carry out business activity and instalment activity statement tasks
      CIT Code: ACCT345
      Description: This unit describes the skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS) and other required reports. It applies to individuals who use a range of organisational and analytical techniques to work within organisations or to supply specific bookkeeping services as a small business owner or contractor. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet the educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
    • FNSBKG405
      Establish and maintain a payroll system
      CIT Code: ACCT369
      Description: This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries and process accurate payroll data for manual and computerised systems. It applies to individuals who use a range of organisational and other specialist techniques. They may work directly for organisations or be small business owners, contractors or service providers. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
    • FNSINC401
      Apply principles of professional practice to work in the financial services industry
      CIT Code: ACCT374
      Description: This unit describes the skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work. It applies to individuals who work in senior roles in the financial services industry and underpins other specialist units used in all sectors of the industry. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSBKG402
      Establish and maintain a cash accounting system
      CIT Code: ACCT367
      Description: This unit describes the skills and knowledge required to establish and administer a cash receipts and payments system, and manage bank reconciliations and reporting responsibilities for manual and computerised systems. It applies to individuals in positions with some responsibility who may use a range of organisational and analytical techniques to provide bookkeeping services for organisations and small business owners or managers. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSBKG403
      Establish and maintain an accrual accounting system
      CIT Code: ACCT368
      Description: This unit describes the skills and knowledge required to establish debtors and creditors, manage debt recovery, perform reconciliations and prepare reports for accrual accounting in manual and computerised accounting systems. It applies to individuals who may use managerial and other techniques to provide contract bookkeeping services for organisations and small business owners. Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT367 FNSBKG402 Establish and maintain a cash accounting system
    • BSBITU402
      Develop and use complex spreadsheets
      CIT Code: COMP222
      Description: This unit describes the skills and knowledge required to use spreadsheet software to complete business tasks and produce complex documents. It applies to individuals employed in a range of work environments who require skills in creation of complex spreadsheets to store and retrieve data. They may work as individuals providing administrative support within an enterprise, or may be independently responsible for designing and working with spreadsheets relevant to their own work roles.
      Prerequisites: Nil
  • Course Subjects - Diploma

    Diploma of Accounting
    CRICOS: 088358J | National ID: FNS50215
    Complete all 11 subjects (6 Core and 5 Electives)
    Subjects listed below from earlier courses automatically count towards this course

    National ID
    Subject Name
    • FNSACC501
      Provide financial and business performance information
      CIT Code: ACCT267
      Description: This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information and encompasses assessing clients' needs, analysing data and preparing advice. It applies to individuals who, within their level of authority, apply specialised knowledge, systematic approaches and analytical techniques to research and prepare customised information for clients. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC502
      Prepare tax documentation for individuals
      CIT Code: ACCT189
      Description: This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in accordance with statutory requirements, and encompasses gathering and verifying data, calculating taxable income and reviewing compliance requirements. It applies to individuals who use systematic approaches and follow specific guidelines to ensure compliance requirements are met. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
    • FNSACC503
      Manage budgets and forecasts
      CIT Code: ACCT190
      Description: This unit describes the skills and knowledge required to prepare, document and manage budgets and forecasts, and encompasses forecasting estimates and monitoring budgeted outcomes. It applies to individuals who use specialised knowledge and analytical skills to prepare and manage strategic organisational information.
      Prerequisites: Nil
    • FNSACC504
      Prepare financial reports for corporate entities
      CIT Code: ACCT423
      Description: This unit describes the skills and knowledge required to prepare financial reports for a reporting entity and encompasses compiling and analysing data and meeting statutory reporting requirements. It applies to individuals who use specialised knowledge and analytical skills to prepare financial reports that meet specific compliance requirements. Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT230 BSBFIA401 Prepare financial reports
      ACCT361 FNSACC301 Process financial transactions and extract interim reports
    • FNSACC506
      Implement and maintain internal control procedures
      CIT Code: ACCT193
      Description: This unit describes the skills and knowledge required to review corporate governance requirements, implement operating procedures and monitor policy. It applies to individuals who use specialised knowledge and analytical skills to ensure organisational policy, compliance and quality requirements are met. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC507
      Provide management accounting information
      CIT Code: ACCT277
      Description: This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports and review costing systems integrity to calculate and record the costs of products and services. It applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • BSBFIA401
      Prepare financial reports
      CIT Code: ACCT230
      Description: This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.
      Prerequisites: Nil
    • BSBITU402
      Develop and use complex spreadsheets
      CIT Code: COMP222
      Description: This unit describes the skills and knowledge required to use spreadsheet software to complete business tasks and produce complex documents. It applies to individuals employed in a range of work environments who require skills in creation of complex spreadsheets to store and retrieve data. They may work as individuals providing administrative support within an enterprise, or may be independently responsible for designing and working with spreadsheets relevant to their own work roles.
      Prerequisites: Nil
    • FNSACC301
      Process financial transactions and extract interim reports
      CIT Code: ACCT361
      Description: This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC607
      Evaluate business performance
      CIT Code: ACCT424
      Description: This unit describes the skills and knowledge required to analyse trends in an organisation's business operations, develop performance indicators and identify options for improvement. It applies to experienced individuals who use specialised knowledge and skills to evaluate complex information and make recommendations relevant to strategic organisational activity. Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT267 FNSACC501 Provide financial and business performance information
    • FNSTPB503
      Apply legal principles in contract and consumer law
      CIT Code: LEGL215
      Description: This unit describes the skills and knowledge required to research, analyse and apply legal principles to provide advice on contract and consumer law implications to clients. It applies to individuals whose job role involves the application of knowledge of contract and consumer law in the workplace. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
  • Course Subjects - Advanced Diploma

    Advanced Diploma of Accounting
    CRICOS: 088369F | National ID: FNS60215
    Complete all 14 subjects (3 Core and 11 Electives)
    Subjects listed below from earlier courses automatically count towards this course

    National ID
    Subject Name
    • FNSACC604
      Monitor corporate governance activities
      CIT Code: ACCT270
      Description: This unit describes the skills and knowledge required to research corporate governance reporting trends, examine corporate governance standards and practices, and review compliance to develop and implement processes and procedures for meeting corporate governance obligations. It applies to individuals who use and maintain current and specialised knowledge and analytical skills to provide advice on organisational processes to meet compliance and management requirements. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSINC601
      Apply economic principles to work in the financial services industry
      CIT Code: ACCT375
      Description: This unit describes the performance outcomes, skills and knowledge required to apply broad principles of financial economics that underpin a range of tasks and functions in the financial services industry. It includes understanding how financial instruments are priced in markets and techniques and processes government and organisations use to manage financial risk demonstrating broad knowledge of economic theories and related decision-making in a national and organisational economic context.
      Prerequisites: Nil
    • FNSINC602
      Interpret and use financial statistics and tools
      CIT Code: ACCT376
      Description: This unit describes the skills and knowledge required t to access, interpret and analyse statistical data relevant to the financial services industry. It encompasses producing new statistical information and reports from existing data using a range of tools and processes. It applies to individuals with a thorough understanding of the sources of financial data, and statistical methods and techniques for analysis. It is a base unit on which other skills required for work in the financial services industry can be built. It may be applied in all sectors of the industry.
      Prerequisites: Nil
    • BSBFIA401
      Prepare financial reports
      CIT Code: ACCT230
      Description: This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.
      Prerequisites: Nil
    • FNSACC301
      Process financial transactions and extract interim reports
      CIT Code: ACCT361
      Description: This unit describes the skills and knowledge required to prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports. It applies to individuals who use specialised knowledge and follow agreed processes to carefully check and process detailed financial information to ensure standards are maintained. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC502
      Prepare tax documentation for individuals
      CIT Code: ACCT189
      Description: This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in accordance with statutory requirements, and encompasses gathering and verifying data, calculating taxable income and reviewing compliance requirements. It applies to individuals who use systematic approaches and follow specific guidelines to ensure compliance requirements are met. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
    • FNSACC504
      Prepare financial reports for corporate entities
      CIT Code: ACCT423
      Description: This unit describes the skills and knowledge required to prepare financial reports for a reporting entity and encompasses compiling and analysing data and meeting statutory reporting requirements. It applies to individuals who use specialised knowledge and analytical skills to prepare financial reports that meet specific compliance requirements. Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT230 BSBFIA401 Prepare financial reports
      ACCT361 FNSACC301 Process financial transactions and extract interim reports
    • FNSTPB503
      Apply legal principles in contract and consumer law
      CIT Code: LEGL215
      Description: This unit describes the skills and knowledge required to research, analyse and apply legal principles to provide advice on contract and consumer law implications to clients. It applies to individuals whose job role involves the application of knowledge of contract and consumer law in the workplace. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
      Prerequisites: Nil
    • FNSACC501
      Provide financial and business performance information
      CIT Code: ACCT267
      Description: This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information and encompasses assessing clients' needs, analysing data and preparing advice. It applies to individuals who, within their level of authority, apply specialised knowledge, systematic approaches and analytical techniques to research and prepare customised information for clients. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC506
      Implement and maintain internal control procedures
      CIT Code: ACCT193
      Description: This unit describes the skills and knowledge required to review corporate governance requirements, implement operating procedures and monitor policy. It applies to individuals who use specialised knowledge and analytical skills to ensure organisational policy, compliance and quality requirements are met. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC507
      Provide management accounting information
      CIT Code: ACCT277
      Description: This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports and review costing systems integrity to calculate and record the costs of products and services. It applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports. Work functions in the occupational areas where this unit 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.
      Prerequisites: Nil
    • FNSACC602
      Audit and report on financial systems and records
      CIT Code: ACCT269
      Description: This unit describes the skills and knowledge required to supervise an audit of financial systems and prepare the appropriate reports, including assessing options, identifying information sources, determining audit strategies, monitoring progress, reviewing data, verifying financial statements and determining appropriate reporting formats. It applies to experienced individuals who use specialised knowledge and systematic approaches to analyse and evaluate financial information against specified criteria and compliance requirements. Work functions in the occupational areas where this unit 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.
      Prerequisites: ACCT193 FNSACC506 Implement and maintain internal control procedures
    • Advanced taxation law
      CIT Code: ACCT406
      Description: The purpose of this subject is to provide students with the skills and knowledge to enable them to comply with the taxation and corporate legislative requirements necessary to provide tax law advice to clients and prepare complex business tax information and returns for clients. The subject provides students with such skills and knowledge via study of a broad range of business entities and trusts together with the ethical standards required. This subject achieves the following national units of competency - ACCT 268 FNSACC601 Prepare and administer tax documentation for legal entities.
      Prerequisites: ACCT189 FNSACC502 Prepare tax documentation for individuals
    • Law of corporations and trusts
      CIT Code: ACCT415
      Description: The purpose of this subject is to enable participants to develop skills and knowledge of principles in corporation and trust law matters so that they can adhere to the statutory and regulatory requirements of corporate activities in the financial services industry. This subject achieves the following national units of competency - ACCT 416 FNSTPB504 Apply legal principles in corporations and trusts law.
      Prerequisites: Nil
  • Job Opportunities

    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

    Students who successfully complete the Advanced Diploma of Accounting will receive:

    • 96 credit points (1.5 years) towards Charles Sturt University's (CSU) Bachelor of Business Studies.
    • 36 credit points (1.5 years) towards University of Canberra's Bachelor of Accounting (182JA).

    Students who successfully complete the Diploma of Accounting will receive 24 credit points (1 year) towards the following programs at University of Canberra (UC):

    • Bachelor of Accounting (182JA)
    • Bachelor of Business Administration (761AA)
    • Bachelor of Commerce (762AA)
    • Bachelor of Event and Tourism Management (279JA)
    • Bachelor of Finance (184JA)
    • Bachelor of Human Resource Management (185JA)
    • Bachelor of International Business (186JA)
    • Bachelor of Management (394AA)
    • Bachelor of Marketing Management (187JA)
    • Bachelor of Arts (429AA)

    Students are advised to speak directly with CSU and UC in relation to course choices and pathways.

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