Diploma of Accounting
Duration720 hours – 36 weeks @ 20 hours per week
Units of CompetenceUOC CodeUOC NameStatusNominal hours
FNSACC501AProvide financial and business performance informationCore80
FNSACC502BPrepare legally compliant tax returns for IndividualsCore80
FNSACC503AManage budgets and forecastsCore80
FNSACC504APrepare financial reports for corporate entitiesCore80
FNSACC506AImplement and maintain internal control proceduresCore80
FNSACC507AProvide management accounting informationCore80
FNSACC601BPrepare and administer compliant tax returns for legal entitiesElective80
FNSACC505AEstablish and maintain accounting information systemsElective80
FNSORG505APrepare financial reports to meet statutory requirementsElective80
Qualification Packaging Arrangements•6 core units; and
•3 elective units.
Delivery ArrangementsClient GroupThe key target group is International students wishing to enter employment in the financial industry as one or more of the following industry identities: •introducing and maintaining accounting systems;
•maintaining internal control systems;
•preparing financial statements for a reporting entity;
•preparing tax returns;
•reporting on business performance;
•managing small teams;
•developing business plans; or
•preparing management accounting reports.
Domestic students are welcome to enrol in the program but are subject to the same entry requirements regarding prerequisite study.
ModeThis program is delivered off-the-job. The theory component is delivered at the college premises and involves a combination of face-to-face trainer-led classes, and practical sessions involving small-group and individual activities. •Classroom / Simulated work environment. All assessments must oAs outlined in the TAE Training Package Glossary, “”Simulation is a form of evidence gathering that involves the candidate in completing or dealing with a task, activity or problem in an off-the-job situation that replicates the workplace context. Simulations vary from recreating realistic workplace situations such as in the use of flight simulators, through the creation of role plays based on workplace scenarios to the reconstruction of a business situation on a spreadsheet. In developing simulations, the emphasis is not so much on reproducing the external circumstance but on creating situations in which candidates are able to demonstrate: technical skills
generic skills such as decision making and problem solving workplace practices such as effective communication.”
oIf role plays are required, the assessor must ensure all ‘actors’ or ‘participants’ perform in a professional manner - reflecting an actual workplace. Participants are to be informed of their expected involvement
oIf a simulated workplace is used, it must allow for distractions such as background noises, ringing telephones, interruptions, etc. A simulated environment may also include an office environment with office equipment (e.g. faxes and photocopier) and computers. Westminster College actually have an accounting practice operating within its premises.
oEach student must dress appropriately and professionally in line with workplace standards
Assessment arrangementsEvidence Gathering Key1PPractical/Demonstration4CSCase Study
3SRSupervised Research Project6AAssignment
The letters on this chart header refer to the documented evidence gathering techniques used in each unit of competence. The numbers refer to the order in which the evidence gathering technique was used.
Provide financial and business performance information3Y21
Prepare legally compliant tax returns for Individuals23Y1
Manage budgets and forecasts3Y21