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1 of accounting and f inance Pathway FNS50215 & FNS60215 Diploma of Accounting & Advanced Diploma of Accounting
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 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
3 of accounting and f inance FNS50215 & FNS60215 Diploma of Accounting & Advanced Diploma of Accounting Advance your skills and improve your accounting career prospects with two accounting qualifications. The combined FNS50615 Diploma of Accounting & FNS60215 Advanced Diploma of Accounting has been designed to help you take your career to the next level. Ideally suited to students who have had some accounting experience, the course will walk you through advanced concepts and skills to ensure that you have a strong understanding of the system, and are able to graduate job-ready and in the best position for career advancement. Strong industry connections Open Colleges has established close partnerships and regular opportunities for you to engage with leading industry bodies via newsletters, conferences and regular industry driven webinars. COURSE DETAILS Course number Delivery mode Course duration Assessments Qualification E1091 Online Maximum 24 months Knowledge test, short-answer questions, multiple choice questions, written reports, case study, projects/portfolios demonstrations/ presentations. Diploma and Advanced Diploma Nationally recognised Yes Awarded by Open Colleges Extra benefits 24-month ICB membership, 12-month AAT, IPA and Tax Institute memberships and access to live webinars. POTENTIAL JOBS > Accountant > Assistant accountant > Office manager > Senior financial clerk > Accounts supervisor > Budget officer > Managerial Accountant > Administration manager > Accounts receivable clerk and accounts payable clerk
4 FNS50215 Diploma of Accounting & FNS60215 Advanced Diploma of Accounting What you need to know about this course COURSE NUMBER E1091 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 > Simulated Organisational Policy and Procedure > MYOB 19.7 textbook and accompanying CD > Additional Resources. How is the course assessed? During the course, you will undertake: > Knowledge test > short-answer questions > multiple choice questions > written reports > case study > projects/portfolios > demonstrations/presentations. 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 an enrolment consultant to discuss your RPL options. Pathway into the qualification There is a direct pathway into this course from the FNS40615 Certificate IV in Accounting and the FNS40215 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 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 FNS50215 Diploma of Accounting & FNS60215 Advanced Diploma of Accounting What are the entry requirements for the course? Education Requirements There are no formal educational entry requirements. 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. Where prospective learners have not successfully completed English at Year 12 level, they can demonstrate equivalency in one of the following: > Successful completion of a Nationally Recognised Training qualification at Certificate III level or higher; or > 3 years relevant industry experience in a role that requires the use of written documentation and communication. Open Colleges recognises that not all people are able to read, write and perform calculations to the same standard. See Language, Literacy and Numeracy Considerations section for more information on tools, resources and support services provided to learners by Open Colleges. Computing Requirements Minimum specifications for your computer are: All users: > Microsoft Office 2010 or equivalent > Microsoft Excel 2010 or equivalent is required for units such as BSBITU402, and FNSACC502 > Access to Accounting Software such as MYOB, Xero, Intuit or Reckon > Broadband internet connection > 2GB of Ram > CD-ROM or DVD drive > Adobe Reader XI or equivalent > Adobe Flash Player 10 or higher > You will also need access to a phone, printer, photocopier, scanner and a File compression software > Sharp EL735 calculator is recommended for FNSACC501 and FNSACC503. Specific requirements for Mac OS users: > Mac OS X v 10.5 or higher (Mac OS X v 10.6 is recommended) > 1 GHz or faster Intel processor (2GHz recommended). Specific requirements for Windows users: > Microsoft Windows 7 or higher recommended (Windows 8 recommended) > 1 GHz or faster processor (2GHz recommended) Audio-visual requirements You will need access to software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc. are available as a free download from the internet. Skills requirements > Creating, saving and editing Microsoft Office documents > Accessing and searching the internet > Downloading and saving documents from websites > Uploading documents through websites > Participating in online discussions > Compressing image files > Download and use Accounting Software such as MYOB, Xero, Intuit or Reckon
6 FNS50215 Diploma of Accounting & FNS60215 Advanced Diploma of Accounting 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/assessors are available in OpenSpace to answer any questions you may have regarding the learning materials or assessments. Your trainer 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. 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. What will I obtain on completion of the course? Upon successful completion of this course you will receive a nationally recognised qualification FNS50215 Diploma of Accounting and FNS60215 Advanced Diploma of Accounting awarded by Open Colleges Pty Ltd (Provider Number 90796). Open Colleges is a Registered Training Organisation. Legislation 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 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. 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. 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.
7 FNS50215 Diploma of Accounting & FNS60215 Advanced Diploma of Accounting 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. FNS50215 Diploma in Accounting (General Stream) Order of Studies Code Unit Title Study Period 1 FNSACC301 Process financial transactions and extract interim reports Process financial transactions and prepare financial reports BSBFIA401 Prepare financial reports Study Period 2 Provide financial and business performance information FNSACC501 Provide financial and business performance information* Study Period 3 Implement internal control procedures Study Period 4 Manage budgets and provide management accounting information Study Period 5 Prepare financial reports for corporate entities Study Period 6 Prepare tax returns for individuals FNSACC506 FNSACC503 FNSACC507 FNSACC504 FNSACC502 Implement and maintain internal control procedures Manage budgets and forecasts Provide management accounting information Prepare financial reports for corporate entities Prepare tax documentation for individuals Study Period 7 Apply economic principles to work in the financial services industry and Interpret and use financial statistic tool FNSINC601 FNSINC602 Apply economic principles to work in the financial services industry Interpret and use financial statistics and tools Study Period 8 Establish and maintain account FNSACC505 Establish and maintain accounting information systems FNS60215 Advanced Diploma in Accounting (General Stream) Order of Studies Study Period 9 Monitor corporate governance activities Study Period 10 Prepare operational budgets Study Period 11 Develop and use complex spreadsheets Code FNSACC604 FNSACC402 BSBITU402 Unit Title Monitor corporate governance activity Prepare operational budgets Develop and use complex spreadsheets Note: Learners can be awarded the Diploma of Accounting and Advanced Diploma of Accounting qualifications once they complete Study Period 1 to 11. This is only applicable to learners who selects to study with General Stream as their specialisation. 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 enrolment consultants 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 enrolment consultants 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.
11 Our Colleges Our Partners Open College of Accounting and Finance Open College of Aged Care Open College of Animal and Pet Care Open College of Art and Design Open College of Beauty Open College of Business, Management and Marketing Open College of Child Care Open College of Community Services Open College of Counselling and Coaching Open College of Fitness Open College of Health Care Open College of Information Technology Open College of Natural Therapies Open College of Photography Open College of Teaching and Training Open College of Technical Trades and Languages Open College of Tourism and Hospitality Australian College of Journalism College of Fashion Design ICM Training National Safety Council of Australia North Coast TAFE For more information call or go to
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