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FNS50217 Diploma of Accounting

This qualification 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.


Candidates have a total of 2 years to complete the Diploma, however, based on a study commitment of 15 to 20 hours a week, candidates are able to complete this in 12 months.

Licensing /regulatory information

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. Thiss qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law. Persons seeking registration with the TPB should check current registration requirements with the Board.

Entry requirements

Entry requirements for this qualification includes the following study that must be completed prior to commencing FNS50217 Diploma of Accounting.

Completion of the following six units, or their equivalent, which constitute the requirements for the FNSSS00014 Accounting Principles Skill Set:

* FNSACC311 Process financial transactions and extract interim report
* 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;
Completion of FNS40615 Certificate IV in Accounting or equivalent;
Completion of FNS40215 Certificate IV in Bookkeeping or equivalent.


A possible training pathway for a student completing this qualification could be the following:

* BSB60215 Advanced Diploma of Business
* FNS60217 Advanced Diploma of Accounting

These qualifications represent a logical pathway regardless of whether the RTO offers the qualifications.

After achieving the FNS50217 Diploma of Accounting, candidates may pathway into the Advanced Diploma of Accounting (FNS60215) or an Advanced Diploma within the BSB Training Package and/or other industry area.

‘Course Credits’ may be gained for further study on completion of this qualification.

Job roles

Job roles associated with this qualification relate to the delivery of training and assessment of competence within the VET sector. Employment outcomes may include the following role/s:

* Accountant
* Chief Financial Officer

Course Content

Eleven (11) units are required for award of this qualification including:

* Six (6) are core units
* Five (5) are elective units

On successful completion of the following 11 units you will have attained the FNS50217 Diploma of Accounting.

The following tables outline the Units of Competencies and FMedge subjects available for this Qualification.

Unit Code Unit Title Core /Elective
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
BSBFIA401  Prepare financial reports  Elective
BSBITU402  Develop and use complex spreadsheets  Elective
BSBLDR402  Lead effective workplace relationships  Elective
FNSACC408  Work effectively in the accounting and bookkeeping industry  Elective
FNSACC505  Establish and maintain accounting information systems  Elective

Please Note: The elective units of competency have been selected by FMedge following industry consultation and are offered in the standard delivery of this course by FMedge. Candidates who have attained competency in alternate units may be eligible to substitute those units for Credit transfer/RPL or RCC in accordance with the training package rules for the FNS50217 Diploma of Accounting. Where this course is offered for our corporate clients and subject to the training packaging rules alternate electives may be substituted to provide customisation to their specific requirements.


Upon successful completion of the required 11 units, you will be awarded FNS50217 Diploma of Accounting.

Delivery Methods

icon-online  Online

Programs can also be designed to meet your timeframe and the specific needs of your personal circumstances, your organisation and market sector.

Please contact us to discuss your organisation’s specific training needs and preferred delivery method (Online, classroom based or a blended approach).

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