FNS50215 – Diploma of Accounting


Unit details: click on the unit code for more detail about each unit in this course.

BSBITU402 – Develop and use complex spreadsheets

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.

Topics covered in this unit include:

  1. Prepare to develop spreadsheet
  2. Develop a linked spreadsheet solution
  3. Automate and standardise spreadsheet operation
  4. Use spreadsheets
  5. Represent numerical data in graphic form

Unit Outcomes

Upon successful completion of this unit students will be able to create functional spreadsheets by entering data, importing and exporting data, using formula and creating graphs.

FNSACC505 – Establish and maintain accounting information systems

This unit describes the skills and knowledge required to identify and record system requirements, evaluate alternative systems and acceptance test systems, prepare system documentation, implement reporting systems and records, monitor systems and review reporting procedures.

It applies to experienced individuals who use specialised technical knowledge, systematic approaches and analytical skills to effectively establish an organisational system.

Topics covered in this unit include:

  1. Identify and record system requirements
  2. Evaluate alternative systems
  3. Evaluate acceptance test system
  4. Prepare system documentation
  5. Implement reporting systems and records
  6. Monitor reporting systems
  7. Review reporting procedures

Unit Outcomes

Upon successful completion of this unit students will be able to create, evaluate and monitor an accounting information system.

FNSACC506 – Implement and maintain internal control procedures

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

Topics covered in this unit include:

  1. Review corporate governance requirements
  2. Implement operating procedures
  3. Monitor policy

Unit Outcomes

Upon successful completion of this unit students will be able to develop and review internal control procedures to meet corporate governance requirements, and report on performance indicators.

FNSACC502 – Prepare tax documentation for individuals

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.

Topics covered in this unit include:

  1. Gather client data and verify client, organisational and legislative requirements
  2.  Identify, record and present client’s tax documentation
  3. Lodge tax documentation

Unit outcomes

Upon successful completion of this unit students will be able to prepare non complex tax documents and workpapers and understand the relevant legislative requirements.

FNSORG506 – Prepare financial forecasts and projections

This unit describes the skills and knowledge required to plan a financial forecast or projection, identify assumptions and parameters, collect, consolidate and analyse data, make forecasts or projections, document results and obtain approval.

It applies to experienced individuals who use a range of specialist and managerial techniques to plan and carry out their work, and provide direction to others.

Topics covered in this unit include:

  1. Plan preparation timetable
  2. Identify assumptions and parameters
  3. Issue instructions and relevant aids for preparation of forecasts and projections
  4. Collect, consolidate, model and analyse data
  5. Document results and obtain approval

Unit outcomes

Upon successful completion of this unit students will be able to apply systematic and analytical decision-making processes to make forecasts and projections in complex and non-routine situations and use formal analytical thinking techniques to identify issues and generate possible solutions.

FNSACC503 – Manage budgets and forecasts

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.

Topics covered in this unit include:

  1. Prepare budget
  2. Forecast estimates
  3. Document budget
  4. Monitor budget outcomes

Unit Outcomes

Upon successful completion of this unit students will be to prepare budget and forecasts, complete reports and analyse budget variances.

FNSACC501 – Provide financial and business performance information

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.

Topics covered in this unit include:

  1. Assess client needs
  2. Analyse data
  3. Prepare advice

Unit Outcomes

Upon successful completion of this unit students will be to present clients with realistic business financial performance and compliance advice.

FNSACC507 – Provide management accounting information

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.

Topics covered in this unit include:

  1. Gather and record operating and cost data
  2. Analyse data and assign costs
  3. Prepare cost reports and budgets
  4. Analyse variances and review costing system integrity

Unit Outcomes

Upon successful completion of this unit students will be able to use problem-solving processes to identify and analyse issues with the potential to impact on organisational financial reporting, and to develop and implement options to resolve these issues.

BSBLDR402 – Lead effective workplace relationships

This unit defines skills, knowledge and outcomes required to use leadership to promote team cohesion. It includes motivating, mentoring, coaching and developing the team and forming the bridge between the management of the organisation and team members.

This unit applies to team leaders, supervisors and new or emerging managers where leadership plays a role in developing and maintaining effective workplace relationships. It applies in any industry or community context.

Topics covered in this unit include:

  1. Collect, analyse and communicate information and ideas
  2. Develop trust and confidence as leader
  3. Develop and maintain networks and relationships

Unit Outcomes

Upon successful completion of this unit students will be able to present with trust and confidence, communicate with diverse stakeholders, and use networks to identify and build relationships.

BSBFIA401 – Prepare financial reports

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.

Topics covered in this unit include:

  1. Maintain asset register
  2. Record general journal entries for balance day adjustments
  3. Prepare final general ledger accounts
  4. Prepare end of period financial reports

Unit Outcomes

Upon successful completion of this unit students will be to select the appropriate form, channel and mode of communication for a specific purpose relevant to own role.

FNSACC504 – Prepare financial reports for corporate entities

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.

Topics covered in this unit include:

  1. Compile data
  2.  Prepare reports

Unit outcomes

Upon successful completion of this unit students will be able to Presents financial information to a range of personnel using language and concepts appropriate for the audience.

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