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FNS50215 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.

This qualification would apply to individuals with various job titles including Accountant, Financial Officer, and Chief Financial Officer.

Individuals in these roles may possess substantial experience in a range of settings.

Conversely, it may also apply to those with little or no vocational experience, but who possess sound theoretical financial skills and knowledge that they would like to develop in order to create further educational and employment opportunities.


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

Entry requirements

There are no entry requirements for this qualification.


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

* BSB60215 Advanced Diploma of Business
* FNS60215 Advanced Diploma of Accounting

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

After achieving the FNS50215 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 FNS50215 Diploma of Accounting.

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

Unit Code Unit Title Core /Elective
 FNSACC506  Implement and maintain internal control procedures  Core
 FNSACC503 Manage budgets and forecasts  Core
 FNSACC504 Prepare financial reports for corporate entities  Core
 FNSACC502  Prepare tax documentation for individuals  Core
 FNSACC501  Provide financial and business performance information  Core
 FNSACC507  Provide management accounting information  Core
 FNSACC505  Establish and maintain accounting information systems  Elective
 BSBSMB404  Undertake small business planning  Elective
 FNSACC301  Process financial transactions and extract interim reports  Elective
 BSBFIA401  Prepare financial reports  Elective
BSBITU402  Develop and use complex spreadsheets  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 FNS50215 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 FNS50215 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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