Course Description

Created in consultation with the Tax institute, the combined FNS50615 Diploma of Accounting (specialising in Tax) & FNS60215 Advanced Diploma of Accounting (specialising in Tax) has been designed to give you the knowledge and know-how to become a tax specialist.

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.

Course number E1092
Qualification name Pathway: FNS50615 Diploma of Accounting (specialising in Tax) and FNS60215 Advanced Diploma of Accounting (specialising in Tax)
Course duration Maximum 24 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Case studies, Demonstrations, Knowledge tests, Multiple choice questions, Portfolio, Presentations, Projects, Short-answer questions, Written reports
Awarded by
  • Open Colleges (Provider number: 90796)

Education

There are no formal education entry requirements for this course.

Minimum age

You will need to be at least 18 years old.

English

This course involves reading learning content and undertaking a range of written assessments and engaging in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication. As such, entry to the course requires the successful completion of English to Year 12 level.

If you haven't successfully completed English at Year 12 level, you can demonstrate equivalency through 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 the Language, Literacy and Numeracy Considerations section for more information on tools, resources and support services provided to by Open Colleges.

Computing

You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:

All users:

  • Microsoft Office 2010 or equivalent
  • Broadband internet connection
  • 2GB of RAM
  • CD-ROM or DVD drive
  • Adobe Reader XI or equivalent
  • Adobe Flash Player 10 or higher.
  • Access to printer and associated software
  • Access to scanner and associated software
  • Digital imaging software
  • File compression software.

Windows users:

  • Microsoft Windows 7 or higher (Windows 8 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Mac OS users:

  • Mac OSX v10.5 or higher (Mac OSX v10.6 recommended)
  • 1 Ghz or faster processer (2GHz recommended)

Computing

Access to Accounting Software.

Digital equipment

You will need access to:

  • A digital video recording device and/or a digital camera and associated software to save and upload video, image and audio files to OpenSpace. Many mobile phones and smart phones include this technology.
  • 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.

Equipment

Sharp EL735 calculator is recommended for FNSACC501 and FNSACC503.

Skills

  • 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

Language, Literacy and Numeracy

Our free online assessment tool can help give you an idea of the language, literacy and numeracy skills needed to study a VET course. This tool can also help you determine your learning level and help you plan your future studies. You can access the Language, Literacy and Numeracy tool here.

Open Colleges may make changes to the course from time to time to reflect changes introduced to the relevant Training Package or other regulatory requirements. Please download the course guide for current information about the course and its status.

Module 1: Diploma in Accounting (Specialising in Tax)

  • Check and verify supporting documentation
  • Prepare and process banking and petty cash documents
  • Prepare and process invoices for payment to creditors and for debtors
  • Prepare journals and batch monetary items
  • Post journals to ledger
  • Enter data into system
  • Prepare deposit facility and lodge flows
  • Extract a trial balance and interim reports
  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports
  • Assess client needs
  • Analyse data
  • Prepare advice
  • Review corporate governance requirements
  • Implement operating procedures
  • Monitor policy
  • Prepare budget
  • Forecast estimates
  • Document budget
  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity
  • Compile data
  • Prepare reports
  • Gather client data and verify client, organisational and legislative requirements
  • Identify, record and present client's tax documentation
  • Lodge tax documentation
  • Research legal aspects of contract and consumer law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of contract and consumer laws to client circumstances
  • Maintain legal knowledge
  • Research legal aspects of corporations and trust law relevant to client's circumstances
  • Analyse issues and risks associated with operation of a business
  • Apply knowledge of law to business structures
  • Maintain legal knowledge
  • Research legal aspects of property law
  • Analyse legal issues and risks associated with operation of a business
  • Apply knowledge of property laws to client circumstances
  • Maintain legal knowledge

Module 2: Advanced Diploma in Accounting (Specialising in Tax)

  • Identify taxation requirements for complex lodgements and returns
  • Gather and analyse data relevant to client’s tax position
  • Prepare and present tax documentation
  • Lodge tax documentation
  •  Assess legal entity's tax obligations
  •  Develop tax plans
  •  Evaluate and advise on tax plan
  • Identify economic principles and theories related to financial services functions and tasks
  • Evaluate economic aspects that apply to decision making
  • Review own work
  • Maintain a personal understanding of economic policies
  • Apply statistical methods to work
  • Source and interpret statistical data
  • Analyse data using appropriate techniques and tools
  • Record statistical data analysis results and records
  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance

 

 

What are my payment options?

Pay in full

If you pay your course fees up-front in full, you’ll benefit from a discount. When you pay in full, we don’t have to spend extra money on administration for tasks such as payment plan processing. Instead, we get to pass this saving onto you in the form of a discount.

Payment Plan

Pay for you course in weekly or fortnightly instalments. By paying in instalments, you can schedule your payments around your regular outgoings and get ahead without breaking the bank. Open Colleges payment plans are interest-free.

ZipMoney Payment Plan

If you need a little more flexibility in your finances, and want to pay off your course fees over a longer period of time, you can switch to a zipMoney payment plan. Essentially, zipMoney pays your course fees for you, and you pay this loan back over 24, 36 or 48 months. As long as you are eligible, you can switch to a zipMoney plan at any time.


Find out more

David Parasol

David is the managing director of an accounting firm and training organisation that provides taxation, bookkeeping, consulting and training solutions to accounting firms, government departments and public and private companies of all sizes. David has had over 20 years of experience in public practice, working primarily in taxation and business services, he has also been heavily involved in the development and delivery of accounting and taxation training programs for all levels of staff. David holds a Bachelor of Business (Accounting) and is a member of the Institute of Chartered Accountants.

Hollie Gourlay

Hollie brings a wealth of industry experience to her role as an accomplished MYOB tutor. She has significant work experience in the areas of tax accounting, systems accounting, and small business bookkeeping. This experience, combined with her knowledge and skills as a computer technician, provides the ideal platform for supporting her students in an online learning mode. Hollie holds a Bachelor of Business (Accounting) from RMIT University, a Diploma of Management, a Certificate IV in Bookkeeping, and a Certificate IV in Training and Assessment.

Jasvir Kaur

Jasvir has worked in training, accounting and lectureship for over 12 years. She also provides bookkeeping and accounting services. Jasvir has lectured at university level in Sydney and overseas for many years. She is passionate about providing the best learning experience to all students and has received awards for her high student satisfaction levels.  Jasvir has vast accounting and management experience and holds a Diploma of Training and Assessment, Certificate IV in Training and Assessment, a Master of Accounting, Advanced Diploma of Accounting, BAS Agent registrations skills set, Advanced Diploma of Management, a Masters in Economics and a Bachelors in Commerce. 

Melissa Nettle

Melissa has been employed within the financial services industry for the past 18 years. During this time Melissa has had experience with general accounts, lending, insurances and OHS as well as training, assessing and development. Melissa also holds a Certificate IV in Training and Assessment, obtained through further study with Open Colleges. She enjoys playing sport and in her spare time is a sports development officer and softball academy instructor.

Course Materials

This course includes course materials from:

Membership

Students of this course will receive a membership to these organisation(s)

After enrolling in this program, you'll receive;

  • Institute of Certified Bookkeepers (ICB), 24-month student membership 
  • Association of Accounting Technicians Australia (AAT Australia), 12-month membership 
  • Institute of Public Accountants, 12-month membership
  • Affiliate 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
    • Find out more

 

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