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1 of accounting and f inance Diploma of Accounting FNS50210 FNS50210 v1
2 At Open Colleges, we are passionate about helping people from all walks of life to achieve their aspirations and dreams. For more than 100 years, we have been opening opportunities for people across Australia. Today, Open Colleges is blazing a new trail in online and distance education creating Australia s leaders in next generation learning. Why study with Open Colleges? Freedom study where you want, when you want Our courses and learning materials have been designed specifically for open learning Our trainers are industry professionals with experience in supporting open learning students Our dedicated student support team is there to help you every step of the way Our virtual campus OpenSpace provides you with opportunities to interact with trainers and students Many of our courses are nationally recognised and meet professional licensing or registration requirements Your Head of Faculty, Melinda Arko Melinda started her career as an accounting and economics teacher in Brisbane. She has co-authored a textbook titled Nelson s Business Education. Melinda has lectured at Queensland University of Technology as a business, accounting and finance lecturer and later opened a finance brokering and financial planning business. In the past, she regularly featured on 97.3FM radio and was an education consultant to various corporate clients including Lend Lease Construction and Caltex, where she was instrumental in aligning VET qualifications with various Induction programs. Prior to joining the Open Colleges team, Melinda was a learning and development consultant for Mortgage Choice and a national learning and development manager for a Sydney based RTO. Melinda is passionate about finance and accounting education and online learning environments and has a strong focus on quality compliant courses.
3 of accounting and f inance Diploma of Accounting FNS50210 Advance your skills and improve your career prospects with this nationally accredited diploma. This course has been customcreated to provide a pathway from earlier studies in accounting such as the FNS40611 Certificate IV in Accounting and the FNS40211 Certificate IV in Bookkeeping. The diploma has been tailored to include preselected elective units that meet current industry demands and will provide you with a broad spectrum of skills and knowledge within the accounting field of the financial services industry. Providing a comprehensive knowledge-base, this diploma would suit you if you are looking to find employment as an accountant, accounts administrator or as an employee in an accounts or finance department. This qualification includes many of the requirements set out by The Tax Practitioners Board for registering as a Business Activity Statements agent and partially meets the minimum educational requirements for providing tax agent services. It would suit you if you are currently employed in any financial role or an administration role in accounts and are seeking to formalise your skills or expand your career opportunities. This course then provides a direct pathway into the FNS60210 Advanced Diploma of Accounting qualification. COURSE DETAILS Course number Delivery mode Course duration Assessments Qualification Nationally recognised Awarded by POTENTIAL JOBS > Assistant accountant > Senior financial clerk > Payroll clerk E0136 >Accounts receivable clerk > Accounts payable clerk > Accounts supervisor > Office manager. Online Maximum 24 months Knowledge test, case studies, reports, projects. Diploma Yes Open Colleges
4 Diploma of Accounting FNS50210 What you need to know about this course COURSE NUMBER E0136 How is the course delivered? This course is delivered online. What is online learning? OpenSpace is Open Colleges online campus. Through OpenSpace you will: > access your learning materials and assessments > undertake assessments or upload assessments > engage and interact with your trainer > participate in student forums and find a study buddy > access your assessment grades and feedback > access student support services > gain access to the Gale Library. What learning materials are included with this course? Your learning materials are accessed through OpenSpace. These include: > workbooks > learning activities > web resources and rich media content > course forums > quizzes > case studies. How is the course assessed? During the course, you will undertake: > knowledge test > case studies > reports > projects. What about Recognition of Prior Learning (RPL)? We understand that you may already have many skills and areas of expertise that you have obtained in different ways and these are recognised through our Recognition of Prior Learning (RPL) process. Open Colleges has developed an RPL Application Kit for this course. The Student Handbook, available on the Open Colleges website, provides more information about our RPL process. Alternatively, you can contact a course and careers advisor to discuss your RPL options. Pathway into the qualification There is a direct pathway into this course from the FNS40611 Certificate IV in Accounting and the FNS40211 Certificate IV in Bookkeeping. Students must complete the prerequisite units before commencing the core and elective units at diploma level. What is the duration of the course? The maximum duration for the course is 24 months. To complete the course in this timeframe, we recommend that you study a minimum of 10 or 11 hours per week. This is a guide only the time taken to complete your course will depend on your level of skill and knowledge.
5 Diploma of Accounting FNS50210 What are the entry requirements for the course? Education Requirements You will need to have completed Year 12, or equivalent. Equivalency can be demonstrated by one of the following: a qualification at Certificate III level or higher, or 2 years of industry experience in a role that requires the use of written documentation and communication. Minimum Age Requirements You will need to be at least 18 years old. English Language Requirements This course requires you to read comprehensive learner workbooks, undertake a range of written assessments and engage in online discussion forums. Furthermore, the course relies on the extensive use of written communication. As such, entry to the course requires English proficiency to Year 12 level, or equivalent (see Education Requirements for equivalency) or completion of an approved English language test (see website for details). Computing Requirements You will need to have basic computing skills to undertake this course. This includes the ability to: > use the computer, mouse and keyboard with proficiency in skills required to integrate software packages, save files and search the internet > attach and use peripheral devices such as a scanner, digital camera, media storage (for example, a flash drive for design storage) > save a compressed file (.zip) > save a PDF File. Minimum specifications for your computer are: > Microsoft Office 2007 or higher recommended > Broadband internet connection > 2GB of Ram > CD-ROM or DVD drive > Adobe Reader X or equivalent. Specific requirements for Mac OS users: > Mac OS X v 10.5 or higher (Mac OS X v 10.6 or higher is recommended) > 1 gigahertz (GHz) or faster Intel processor (2GHz or faster recommended). Specific requirements for Windows users: > Microsoft Windows 7 or higher recommended > 1 gigahertz (GHz) or faster processor (2GHz or faster recommended) > Adobe Flash Player 10 or higher. MYOB 19.7 textbook and accompanying CD is included with this course to assist with the completion of some units. Audio-visual requirements You will need access to a digital video recording device and/or a digital camera and associated software to save and upload video and image files to OpenSpace. Many mobile phones and smartphones include this technology. What support services are available? During your studies with Open Colleges, you will have access to a comprehensive range of support services. These include: Academic support Your experienced trainers are available in OpenSpace to answer any questions you may have regarding the learning materials or assessments. Your course coordinator can also provide you with advice and support regarding the overall course. Student support The student support team is your one-stop service centre for all student administrative issues including enrolment, change of contact details, OpenSpace support, assessment results and certification. You can access the student support team in OpenSpace or by or phone.
6 Diploma of Accounting FNS50210 Learning support The learning support team is a dedicated team of specialists that provide you with a comprehensive induction to studying with Open Colleges as well as specific support if you encounter learning difficulties during your studies. Learning support resources, such as writing guides, are available in OpenSpace. You can access the learning support team via your trainer or the student support team. Peer support As a student of Open Colleges you can also access our study buddy system. This enables you to connect with other Open Colleges students studying your course that live near you. Students find this is a great way to keep motivated and build lasting friendships and networks. To meet the educational requirements for registration as a tax agent, you will need to complete this course as well as a registered tax skills set course. You must comply with the Tax Practitioners Board (TPB) requirements (subject to TPB course approval). For details of the requirements for registration as a tax agent and for information on the qualification and experience requirements, please go to the Tax Practitioners Board website. Comprehensive information is available by going to Articulation pathways A career progression pathway for this qualification is the FNS60210 Advanced Diploma of Accounting. More information? The Student Handbook, available on the Open Colleges website, provides more detailed information on the support services available to students. We recommend that you read the Student Handbook prior to enrolling with us. What will I obtain on completion of the course? Upon successful completion of this course you will receive a nationally recognised qualification FNS50210 Diploma of Accounting awarded by Open Colleges Pty Ltd (Provider Number 90796). Open Colleges is a Registered Training Organisation. FNS50210 Diploma of Accounting has been superseded by FNS50215 Diploma of Accounting on the 25th March Open Colleges will transition to the new qualification in the near future. Legislation Upon successful completion of this course, you may be eligible to apply as a registered tax agent. A tax agent is a person or entity registered under the Tax Agent Services Act 2009 to provide a tax agent service. What funding support options exist? Austudy/Abstudy This course is Austudy/Abstudy approved, but you will need to apply directly to Centrelink for information on eligibility. Other courses you may be interested in > FNS60210 Advanced Diploma of Accounting Studying online through Open Colleges was very easy to follow and OpenSpace was easy to use to submit assessments and view my grades. It allowed me to study in my own time in the evenings with no distractions. The trainers of Open Colleges were always there to help me with any questions I had. They played a huge part in my success in finishing this course. Kylie Kimlin, Open Colleges student
7 Diploma of Accounting FNS50210 Study Periods and Units Once you are enrolled in this course, you will receive access to the Study Period 1, which contains the first set of units for the course. When you have successfully completed those units, you ll be given access to the next study period. Order of Studies Code Unit Title and resources Study Period 1 FNSINC401A Apply principles of professional practice to work in the financial services industry BSBOHS201A Participate in OHS processes Study Period 2 BSBITU306A Design and produce business documents Study Period 3 BSBFIA401A Prepare financial reports Study Period 4 FNSACC404A Prepare financial statements for non reporting entities FNSACC301A Process financial transactions and extract interim reports Study Period 5 FNSBKG404A Carry out business activity and instalment activity statement tasks Study Period 6 FNSACC406A Set up and operate a computerised accounting system Study Period 7 FNSACC403B Make decisions in a legal context Study Period 8 BSBITU402A Develop and use complex spreadsheets Study Period 9 FNSACC506A Implement and maintain internal control procedures FNSACC507A Provide management accounting information Study Period 10 FNSACC503A Manage budgets and forecasts Study Period 11 FNSACC504A Prepare financial reports for corporate entities Study Period 12 FNSACC501A Provide financial and business performance information Study Period 13 FNSACC502B Prepare legally compliant tax returns for Individuals Study Period 14 FNSACC601B Prepare and administer compliant tax returns for legal entities FNSACC603A Implement tax plans and evaluate tax compliance For full course competency details visit
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9 Studying with Open Colleges Open Colleges provides you with the freedom to study where and when you want. We understand that our students are constantly juggling multiple priorities, so our unique learning approach has been specifically designed to enable you to fit education and training around your lifestyle. After you enrol with Open Colleges you will be provided with access to OpenSpace our cutting edge virtual campus. Here are some of the key features and benefits of OpenSpace: Access Access your learning materials, assessments, videos and additional online resources wherever you have an internet connection. You can also download your study guides, workbooks and assessments so that you can study wherever and whenever it suits you. Support Access the student support team using the online enquiry feature. OpenSpace also provides a detailed searchable database of Frequently Asked Questions, so that we can provide you with 24/7 responses to many of the common queries. You can also contact the student support team by phone on I would recommend Open Colleges to others. They provided me with a course that met my needs and I could do it in my time, around full-time work. But the best part is it got me the job of my dreams. Ben Murphy, Open Colleges student Connections Connect with your trainers, assessors and other students. You can participate in the lively student forums, link up with a study buddy or engage with your trainer. OpenSpace is also where you will submit your assessments and receive your grades. Knowledge OpenSpace is your link to Gale our extensive online library. Through Gale you will have access to millions of academic, magazine and newspaper articles from around the world.
10 How to Enrol Enrolling with Open Colleges is easy: Enrol online today. Just visit our website, select your course and click Enrol Today OR Enrol by phone. Just call one of our friendly course and careers advisors on Need more information? We appreciate that choosing the right course is important. If you would like to discuss your career or course options, please do not hesitate to call our course and careers team on or with your questions. Are you ready to study online? If you are unsure, you can take our free online learning assessment. See for more information.
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