Advanced Diploma of Accounting (specialising in Tax)
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1 of accounting and f inance FNS60215 Advanced Diploma of Accounting (specialising in Tax)
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
3 of accounting and f inance FNS60215 Advanced Diploma of Accounting (specialising in Tax) Level up in your accounting career with the latest industry-accredited qualification. Developed in consultation with the Tax Institute, the Advanced Diploma of Accounting specialising in Tax is the right course for those intending to develop a tax agent specialisation or register as a registered Tax Agent to the Tax Practitioners Board (TPB). It has been tailored to include preselected elective units that meet current industry demands. This course deals with advanced accounting concepts therefore you must have had some exposure to accounting principles to enrol into this qualification. Strong industry connections To help you progress in your career journey, Open Colleges has developed strategic partnerships and close working relationships with the major national professional associations in accounting and finance: Institute of Public Accountants (IPA), The Tax Institute, Association of Accounting Technicians (AAT), Institute of Certified Bookkeepers (ICB). Our course includes free industry memberships that will give you a unique opportunity to access the most current developments within the tax and accounting fields as well as build a strong professional network. We also run an annual accounting conference endorsed by industry where you can meet accounting and finance leaders a must attend event! COURSE DETAILS Course number Delivery mode Course duration Assessments Qualification Nationally recognised Extra benefits E1087 Online Maximum 24 months Questioning, Written reports, Oral questions, Demonstrations/ Presentations, Case studies Advanced Diploma Yes CAREER OUTCOMES > Accountant > Assistant Accountant > Tax Agent > Senior financial officer 24-month ICB membership, 12-month AAT, IPA and Tax Institute memberships and access to live webinars. > Accounts receivable and accounts payable officer > Office manager > Administration manager > Budget officer
4 FNS60215 Advanced Diploma of Accounting (specialising in Tax) What you need to know about this course COURSE NUMBER E1087 How is the course delivered? This is an online course. This means that you will complete your knowledge and initial skills development through online learning. What is online learning? OpenSpace is Open Colleges online campus. Through OpenSpace you will: > Access your learning materials and assessments > Undertake and 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 What learning materials are included with this course? The following resources are provided to you via OpenSpace: > Learner workbooks > Video resources and additional readings > Weblinks to relevant articles and activities > Course forums How is the course assessed? During the course, you will undertake: > Questioning > Written reports > Oral questions > Case studies > 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. 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. What are the admission requirements for the course? Minimum age requirements You will need to be at least 18 years old. Education requirements There are two pre-requisite units that must be completed for direct entry into the Advanced Diploma of Accounting: > FNSACC301 Process financial transactions and exact interim reports > BSBFIA401 Prepare financial reports Open Colleges has included these pre-requisite units at the beginning of the course to facilitate direct entry. If you have already completed these units, you will enter directly into the course. 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 delivery mode relies on the extensive use of written communication. As such, entry to the course requires English proficiency to Year 12 level or equivalent (a qualification at the Certificate III level or 3 years of work experience in a role that requires the use of written documentation).
5 FNS60215 Advanced Diploma of Accounting (specialising in Tax) Computing requirements You will need access to a computer and the internet and you must have basic computing skills. 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: 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 > You will also need access to a phone, printer, photocopier and scanner > File compression software > Adobe Flash Player 10 or higher Specific requirements for Windows users: > Microsoft Windows 7 or higher (Windows 8 is recommended) > 1 GHz or faster processor (2GHz recommended) 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 or faster 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 download from the internet. 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. 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 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 and 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.
6 FNS60215 Advanced Diploma of Accounting (specialising in Tax) 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. What will I obtain on completion of the course? Upon successful completion of this course you will receive a nationally recognised FNS60215 Advanced Diploma of Accounting specialising in Tax from Open Colleges (Provider Number: 90796). Articulation pathways Students who successfully complete this FNS60215 Advanced Diploma of Accounting specialising in Tax will be eligible for credit towards a relevant bachelor degree at the Australian Catholic University (12 units). What funding support options exist? Austudy/Abstudy This course is Austudy/Abstudy approved however you will need to apply directly to Centrelink for information on eligibility. The Tax Institute The Tax Institute is a not-for-profit membership based organisation which has been supporting and educating the tax profession for over 70 years. With over 12,000 members ranging from graduates to tax experts in the Big 4, mid-tier and SME firms, The Tax Institute continues to provide its members with a variety of products to assist with building their career and maintaining their knowledge of the ever changing tax system. After enrolling in this program, you ll receive a student membership with The Tax Institute, which provides you with: The sought-after Taxation in Australia journal > Weekly TaxVine tax update e-newsletter > Free tax technical papers written by tax professionals for tax professionals > Unlimited use of the TaxLine research service > Access to powerful resources, progressive education and influential networks > Discounts on all products, events and services Institute of Public Accountants (IPA) membership The Institute of Public Accountants (IPA) is a professional organisation for accountants recognised for their practical, hands-on skills and a broad understanding of the total business environment. IPA is a progressive, responsive accounting body committed to integrity, professionalism and professional development. It represents more than 14,000 members working in industry, commerce, government, academia and private practice. Students are eligible for free membership to the IPA Student Register. The register offers access to a wide range of resources that will not only benefit the student s learning experience, but will also provide valuable insight into the financial sector. Benefits of IPA membership for Advanced Diploma students include: > The monthly Directions newsletter specifically for student members, delivered by . > Access to careers workshops and employment advice. > Networking opportunities including IPA social and professional education activities. Association of Accounting Technicians Australia (AAT Australia) membership Open Colleges is also proud to be associated with AAT Australia. As an Open Colleges student, you will be provided with a 12-month learner membership with AAT Australia membership. This provides you with: > Monthly publication News Update. > Services and work aids at discounted cost, including bookkeeping publications, professional indemnity insurance and other useful, cost-effective benefits.
7 FNS60215 Advanced Diploma of Accounting (specialising in Tax) Study Periods 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 Modules Code Unit Title Pre-requisites Module 1 - Foundations of Accounting Module 2 - Prepare ledgers and financial reports FNSACC301 BSBFIA401 Process financial transactions and extract interim reports Prepare financial reports Study Period 1 Module 1 - Apply economic principles to work in the financial services industry Module 2 - Interpret and use financial statistics and tools FNSINC601 FNSINC602 Apply economic principles to work in the financial services industry Interpret and use financial statistics and tools Study Period 2 Module 3 - Monitor corporate governance activities Module 4 - Implement and maintain internal control procedures FNSACC604 FNSACC506 Monitor corporate governance activities Implement and maintain internal control procedures Study Period 3 Module 5 - Introduction to income tax Module 6 - Other forms of taxable income Module 7 Deductions Module 8 - Decline in value, offsets, tax losses and preparing a return FNSACC502 Prepare tax documentation for individuals Module 9 - Australian legal system and contract law FNSTPB503 Apply legal principles in consumer and contract law Study Period 4 Module 10 - Corporations and trust law FNSTPB504 Apply legal principles in corporations and trusts law Module 11 - Consumer and property law FNSTPB505 Apply legal principles in property law Study Period 5 Module 12 - Advanced Income Tax Law Module 13 - Taxation of structures Module 14 - Advanced and special tax rules FNSACC601 FNSACC603 Prepare and administer tax documentation for legal entities Implement tax plans and evaluate tax obligations Study Period 6 Module 15 - Provide financial and business performance information FNSACC501 Provide financial and business performance information Study Period 7 Module 16 - Manage budgets and forecasts FNSACC503 Manage budgets and forecasts Study Period 8 Module 17 - Prepare financial reports for corporate entities FNSACC504 Prepare financial reports for corporate entities Study Period 9 Module 18 - Develop and manage financial systems FNSORG602 Develop and manage financial systems 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 like to thank you for allowing me to study with you. This experience has opened my eyes to what I want to do for the rest of my life...i can t wait to receive my certificate! I have had nothing but good experiences with you. Letiesha Laidlaw, 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.
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