C5374 - Diploma of Accounting

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Plan: C5374 - Diploma of Accounting
Campus: City Campus

Overview

Program details
Purpose of the Program
Articulation and pathways
Entrance requirements
External accreditation and industry links
Student expenses and charges in addition to fees
Library, IT and specialist resources

Program details

Award title: Diploma of Accounting
Qualification national code: FNS50215
Nominal hours: 600
Career: TAFE
Duration: One year full time study
Location: City Campus
Owning school: Vocational Business Education (650T)
Owning school URL: www.rmit.edu.au/vocbused
CRICOS code: 089525B

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Purpose of the Program

The Diploma of Accounting is designed for people seeking work in all fields of industry and commerce like financial institutions, retail stores and other businesses.

The primary pathway from this qualification is employment in accounting job roles with duties such as:

  • setting up and operating a computerised accounting system (MYOB)
  • maintaining internal control systems
  • preparing financial reports for corporate and non-corporate entities
  • preparing tax returns for individuals
  • reporting on business performance
  • carrying out business activity and instalment activity statement tasks
  • establishing and maintaining a payroll system
  • developing business plans and preparing budgets and accounting reports for management.

The program can also provide training if students are already working in the accounting industry but have limited experience, allowing them to broaden their knowledge and career prospects and to improve their chances to further studies to advanced diploma or degree level if desired.

This qualification reflects professional accounting job roles in financial services and other related industries. Individuals in these roles apply solutions in a range of often complex problems and analyse and evaluate information from a variety of sources. They apply initiative to plan, co-ordinate and evaluate their own work and guidance to others within defined guidelines.

The program does not require previous work or study experience in this discipline area. However, with students undertaking this program not being required to complete a Certificate IV qualification in this stream, it has been necessary to embed underpinning and foundation skills and knowledge within the Diploma program as follows:

  • subsidiary accounts and ledgers
  • financial statements for non-reporting entities
  • operational budgets
  • spreadsheets
  • computerised accounting systems
  • professional practice in financial services (including ethics)


This qualification includes one unit that constitutes an approved Tax Practitioner Board (TPB) course in Australian taxation law. It also includes one unit that constitutes an approved Tax Practitioner Board (TPB) course in Australian commercial law, and these units may contribute towards meeting the academic requirements for registration as a Tax Agent. Those seeking registration as a Tax Agent should check current registration requirements with the TPB.

The underpinning and foundation skills that will be embedded within the Diploma program (see above) are used to scaffold learning in the following discipline areas:

  • Financial accounting
  • Financial management
  • Budgeting and management accounting
  • Corporate accounting
  • Taxation (individual returns)
  • Taxation (GST)
  • Internal controls
  • Payroll
  • Budgeting
  • Commercial law (contract and consumer)

All students undertaking this qualification will spend time in our virtual/simulated work environment where they will be acquiring the core skills required in the accounting industry. Each student will assume the role of an employee and will undertake authentic work tasks in collaboration with other students (employees) and teachers (managers). The experience gained in the practice firm provides an enriched student learning and is an ideal preparation for the practical work placement opportunities given at the Advanced Diploma level.

In addition to specialised skills, the program will also develop the core skills that you need to succeed in the workforce. In this program, you will specifically be given a range of opportunities to communicate, connect and work with students from a range of backgrounds.

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Articulation and pathways

Upon successful completion of the C5374 Diploma of Accounting (FNS50215) you may be eligible to undertake further studies in C6148 Advanced Diploma of Accounting (FNS60215) program at RMIT University.

More information on how to apply is available at the following : https://www.rmit.edu.au/contact/visit-us/info-corner/

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Entrance requirements

Program Entry Requirements

The qualification does not have entry requirements (as per the training package requirements https://training.gov.au/training/details/FNS50215)

RMIT University admits students on the basis of their demonstrated capacity to succeed and sets minimum entry requirements for each level of study.  For the Diploma of International Business the RMIT minimum requirements are:

Minimum Academic requirement

Successful completion of Australian Year 12 or equivalent
OR
Completion of Post-Secondary studies (including Certificate III)
OR
Successful completion of the Australian Senior VCAL Certificate

Alternate Entry - Work experience requirement

At least 6 months work experience in a related field

RMIT's equity access schemes can support you to access and succeed in education.  Equity access schemes allow additional consideration in the selection process.  However, an equity access application cannot bypass the minimum entry requirements.  More on equity access schemes is located at https://www.rmit.edu.au/study-with-us/applying-to-rmit/local-student-applications/equity-access-schemes/types-of-equity-access/

International Students

International students are subject to meeting University English Language Requirements: http://www.rmit.edu.au/study-with-us/international-students/apply-to-rmit-international-students/entry-requirements/english-requirements/recognised-qualifications

More information on entry requirements and how to apply is located at https://www.rmit.edu.au/study-with-us/international-students/apply-to-rmit-international-students/

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External accreditation and industry links

This program is accredited by the professional bodies listed in the table below. Specified credit/exemptions towards professional qualifications offered as part of the accreditation is subject to the applicant meeting set criteria defined by each professional body. Any application for credit/exemption should be made directly to the professional body and is the graduate's responsibility.

The professional bodies may offer membership for students and/or graduates as a career enabler which could include opportunities for networking and access to discipline specific resources. Application for membership is the student/graduate's responsibility.

 

Professional BodyAccreditation DescriptionMembership and Opportunities

Chartered Institute of Management Accountants [CIMA]

www.cimaglobal.com

TAFE programs in accounting satisfy the academic requirements for entry into the CIMA program
  • Graduates eligible for specified credit in the CIMA program of up to 2 modules

Association of Accounting Technicians [AAT]

www.aat.org.au

Not Applicable
  • Students eligible for membership category: Student
  • Graduates eligible for membership category: Affiliate

Institute of Public Accountants [IPA]

www.publicaccountants.org.au

Not Applicable
  • Graduates eligible for membership category: Graduate

 

The development of the program structure and the choice of elective units appropriate to the Accounting and Business sector were informed by a Program Advisory Committee (PAC) comprised of representatives of the Accounting industry and RMIT educators.

Academic staff maintain close contact with industry though various professional development activities.  Sessional staff generally maintain employment or operate their own business in a relevant sector.

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Student expenses and charges in addition to fees

Once you are enrolled as a student in this program you will need to allow for expenses other than university tuition fees.  Additional expenses may relate to the purchase of a laptop/mobile device, lecture notes, textbooks, stationery, consumables such as printer paper, fees levied by commercial internet service providers for internet access outside of the university campus, and other relevant costs.

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Library, IT and specialist resources

Library resources and services

As a student enrolled in a program at RMIT University you can access the extensive services, facilities and study space provided by the Library. You can access books, journals and other course related materials, such as DVDs, past exams, newspapers and e-books. Through our document delivery service you can also request items from any library in the world.

Computers for study are available at every Library site, where you can access the Internet, myRMIT (www.rmit.edu.au/myrmit) or Library e-resources. If you have a laptop you can access the RMIT University wireless network in the Library.

Library staff can show you how to find information for your assignments or you can work through web-based tutorials or use our online Ask a Librarian service.

The Library is continually expanding our electronic collections to make it easier for you to get the information you need when you need it. All RMIT University students have unlimited access to quality electronic resources such as, e-books, e-journals and newspapers.

You can find more information on Library resources and services at: http://www.rmit.edu. au/library

 Online learning tools and content

You can access online learning tools and content for your program and associated courses at: myRMIT www.rmit.edu.au/myrmit

Services available to you as a student at RMIT University

RMIT University provides a wide range of resources and opportunities to assist your learning and wellbeing so you can achieve your study and career goals.

Services are available face to face and online assisting with:

  • transition to tertiary study and learning
  • study skills, academic skills including literacy, mathematics and basic sciences if relevant
  • enabling assistance if you have a disability, long term medical condition or other form of disadvantage which may impact on your learning
  • career development and employment
  • living and wellbeing (including advice on health, housing and financial matters)
  • opportunities for scholarships, leadership and study abroad
  • opportunities for participating in arts, sport, recreation, fitness activities as well as student activism and university governance

We also offer a friendly and supportive environment for Aboriginal and Torres Strait Islander students.  You can find more information at www.rmit.edu.au/students

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