Course Description

Designed with full and part-time workers in mind, this course will prepare you to make informed strategic decisions and upgrade your career. Suitable for people with some accounting experience, the course allows you to start anytime and fit your studies around your life thanks to its flexible online format.

Potential career outcomes

  • Accountant
  • Accounts Payable Clerk
  • Accounts Receivable Clerk
  • Office Manager
  • Senior Accountant
  • Senior Financial Clerk
Course number E1088
Qualification name FNS60215 Advanced Diploma of Accounting
Course duration Maximum 24 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Case Studies, Demonstrations, Presentations, Questions, Verbal Assessments, Written Reports
Awarded by
  • Open Colleges (Provider number: 90796)

Designed with full and part-time workers in mind, this course will prepare you to make informed strategic decisions and upgrade your career. Suitable for people with some accounting experience, the course allows you to start anytime and fit your studies around your life thanks to its flexible online format.

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

  • 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

Module 2

  • 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

Module 3

  • Establish corporate governance standards and practices
  • Identify corporate governance reporting trends
  • Determine processes for corporate governance adherence
  • Review corporate governance compliance

Module 4

  • Assess client needs
  • Analyse data
  • Prepare advice

Module 5

  • Compile data
  • Prepare reports

Module 6

  • Gather and record operating and cost data
  • Analyse data
  • Prepare budgeted reports
  • Review costing system integrity

Module 7

  • Evaluate returns to operations
  • Determine short-term and long-term needs
  • Review performance
  • Review data
  • Determine options
  • Implement strategies
  • Evaluate outcomes

Module 8

  • Gather and record operating and cost data
  • Analyse data and assign costs
  • Prepare cost reports and budgets
  • Analyse cost reports and budgets, and review costing system integrity
  • Compile data
  • Identify appropriate reporting entities
  • Prepare reports
  • Analyse reports

Module 9

  • Identify and record system requirements
  • Evaluate alternative systems
  • Evaluate acceptance test system
  • Prepare system documentation
  • Implement reporting systems and records
  • Monitor reporting systems
  • Review reporting procedures

Module 10

  • Assess financial risk exposure
  • Develop risk management processes
  • Identify and evaluate key ethical, legislative and organisational considerations for risk management options
  • Analyse financial histories
  • Establish processes to minimise risks

Module 11: Bonus Skill Set (optional)

  • Implement integrated accounting system
  • Process transactions within system
  • Maintain system
  • Produce reports
  • Ensure system integrity
  • Review computing needs in the business
  • Investigate cloud computing services to meet business needs
  • Develop a plan to introduce cloud computing
  • Support implementation of the plan

Education

There are no formal education entry requirements for this course.

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

Access to Accounting Software such as MYOB, Xero, Intuit or Reckon.

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.

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

Arlene Allardice

Arlene has been an accounting educator for the past 36 years. She has taught accounting at secondary schools and at vocational and university institutions. Arlene has her own accounting services business so she has hands-on practical experience in many varied businesses in Australia. She has been a certified MYOB consultant for the past 12 years and has taught many business operators to use software efficiently, enabling them to complete their tax, bookkeeping and accounting obligations in a timely and efficient manner.

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.

Start learning for less. Our payment options could help you make considerable savings on the cost of this course. 

 

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