Advanced Diploma of Accounting

This qualification is designed to reflect the role of individuals working in accounting and seeking professional identification.

NOTE: Work functions in this occupational area are subject to regulatory requirements. You should refer to the IBSA website (www.ibsa.org.au under Training Packages/Industry) for specific guidance on requirements.


Subjects

Total number of units = 8

3 core unitsplus

5 elective units

The elective units consist of:

3 from the elective units listed below

of the remaining 2 units:

up to 2 may be from the elective units listed below

up to 2 may be from Diploma or Advanced Diploma in any currently endorsed Training Package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Core Units

add topic FNSACC604A Monitor corporate governance activities

add topic FNSINC601A Apply economic principles to work in the financial services industry

add topic FNSINC602A Interpret and use financial statistics and tools

Elective Units

add topic FNSACC601B Prepare and administer compliant tax returns for legal entities

add topic FNSACC602A Audit and report on financial systems and records

add topic FNSACC603A Implement tax plans and evaluate tax compliance

add topic FNSACC605A Implement organisational improvement programs

add topic FNSACC606A Conduct internal audit

add topic FNSACC608A Evaluate organisations financial performance

add topic FNSACC609A Evaluate financial risk

add topic FNSACC610A Develop and implement financial strategies

add topic FNSACC611A Implement an insolvency program

add topic FNSACC612A Implement reconstruction plan

add topic FNSACC613A Prepare and analyse management accounting information

add topic FNSACC614A Prepare complex corporate financial reports

add topic FNSFMK505A Comply with financial services legislation and industry codes of practice

add topic FNSORG602A Develop and manage financial systems

add topic FNSRSK602A Determine and manage risk exposure strategies

add topic FNSTPB501A Apply legal principles in corporations and trusts law

add topic FNSTPB502A Apply legal principles in commercial and property law


Pathways...

    Pathways into the qualification

    Preferred pathways for candidates entering this qualification include:

    Diploma of Accounting.

    Pathways from the qualification

    A further learning pathway could be study in relevant higher education programs. Learners should establish relevant qualifications and any credit arrangements that may apply in order to make appropriate elective choices in this qualification.


Entry Requirements

The entry requirement for this qualification is completion of the Diploma in Accounting in the Financial Services Training Package FNS10.

or

Completion of the Diploma in Accounting in the Financial Services Training Package FNS04.

The entry requirement can be met by evidence of equivalent competency to the above units through recognition of prior learning (RPL).


Licensing Information

There is no direct link between this qualification and licensing, legislative and/or regulatory requirements. However, where required, a unit of competency will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit.


Employability Skills

The following table contains a summary of the Employability Skills required by industry for this qualification. The Employability Skills facets described here are broad industry requirements that may vary depending on qualification packaging options.

Employability Skill

Industry/enterprise requirements for this qualification include:

Communication

developing and writing reports to specifications

negotiating solutions with clients

preparing and presenting correspondence in appropriate electronic formats

questioning, listening and clarifying client’s requirements

reading and evaluating complex and formal documents, such as legislation and regulation documents

processing material and critically analysing and integrating information from a wide range of sources

using a range of presentation skills and presenting financial reports using graphs, diagrams and tables

Teamwork

liaising with government collection agencies and working with internal staff to achieve team goals

negotiating and agreeing with staff on performance standards

Problem-solving

aligning requirements of the system with the needs of users

analysing and synthesising information and determining levels of risk

applying estimating, forecasting and analysis skills

conducting variance and cost benefit analyses

developing financial performance indicators and security arrangements to ensure the integrity of the system

establishing and reviewing assumptions/parameters

identifying financial risks

preparing complex taxation returns

testing procedures and analysing internal control procedures

using problem solving tools and techniques

using sampling and selection techniques

Initiative and enterprise

applying referral skills

contributing to solutions for workplace challenges

demonstrating flexibility to meet changing environments

designing appropriate formats for reports

investigating corporate governance trends

Planning and organising

allocating and reviewing resource allocation and maintaining accurate records

developing and monitoring implementation plans

ensuring the integrity of systems, records and reporting procedures are maintained

establishing and monitoring performance targets

implementing internal financial audit to ensure ongoing compliance

Self-management

defining and working within own work role

managing own time and priorities and dealing with contingencies

taking responsibility as required by work role and ensuring all organisational policies and procedures are followed

understanding and acting upon compliance requirements

working ethically and complying with industry professional code of practice and legislative requirements

Learning

adapting to change in technical and work procedures

developing and maintaining personal competence

identifying opportunities for professional development

maintaining currency of knowledge of legislation and industry codes of practice

using online help for self-learning purposes

Technology

conducting web searches and using corporate templates

evaluating information technology systems and having the capacity to troubleshoot problems

using business technology such as computers and applying word processing, spreadsheet and database skills to produce workplace documents

using research data devices and telecommunication devices and equipment

using technology to manage financial information and to assist in the planning process