Courses

Nationally Accredited Qualifications

FNS50217 Diploma of Accounting

11 Units to Complete

TBST have sequenced the units of the Qualification in an order that builds the students skills and knowledge in a cumulative manner. As the student progresses through the course, the skills and knowledge obtained from a previous unit will then assist them in achieving competence in the subsequent units. For example, students start out with lower level units and build up to more complex units, tasks and assessments.

Workforce Management

This unit defines skills, knowledge and outcomes required to use leadership to promote team cohesion. It includes motivating, mentoring, coaching and developing the team and forming the bridge between the management of the organisation and team members. This unit applies to team leaders, supervisors and new or emerging managers where leadership plays a role in developing and maintaining effective workplace relationships. It applies in any industry or community context. At this level work will normally be carried out within routine and non-routine methods and procedures, which require planning and evaluation and leadership and guidance of others.

Unit Topics Include:

  • Access and analyse information to achieve planned outcomes
  • Apply techniques for resolving problems and conflicts and dealing with poor performance within organisational and legislative requirements
  • Review and improve workplace outcomes in consultation with relevant personnel
  • Adjust interpersonal style and communications to respond to cultural and social diversity
  • Apply relationship management and communication skills with a range of people that: demonstrate integrity, respect, empathy and cultural sensitivity and promote trust, forge effective relationships with internal and/or external people and help to maintain these networks, encourage participation and foster contribution of and respect for ideas and feedback, provide support to colleagues to resolve difficulties.
  • Give examples of how work relationships, and the cultural and social environment, can support or hinder achieving planned outcomes
  • Explain techniques for developing positive work relationships and building trust and confidence in a team including interpersonal styles, communications, consultation, cultural and social sensitivity, networking
  • Explain the impact of legislation and organisational policies on workplace relationships
  • Describe a range of methods and techniques for communicating information and ideas to a range of stakeholders
  • Outline problems solving methods
  • Explain methods to resolve workplace conflict
  • Explain methods to manage poor work performance
  • Explain how to monitor, analyse and introduce ways to improve work relationships.
Financial Reporting

This unit describes the skills and knowledge required to identify statutory reporting requirements, and plan, develop and submit reports for authorisation before distribution. It applies to individuals who use a range of organisational techniques to manage their work and that of others.

Unit Topics Include:

  • Identify, interpret and comply with statutory requirements and information
  • Accurately analyse data and information for reports
  • Prepare and consolidate well-written reports in required format.
  • Outline key information required, common financial report formats and typical quality indicators
  • Explain financial services industry codes of practice
  • Describe key requirements of organisational policy and procedures relevant to financial reporting
  • Identify and describe key requirements of relevant legislation and regulations relevant to financial reporting.

This unit describes the skills and knowledge required to plan a financial forecast or projection, identify assumptions and parameters, collect, consolidate and analyse data, make forecasts or projections, document results and obtain approval. It applies to experienced individuals who use a range of specialist and managerial techniques to plan and carry out their work, and provide direction to others.

Unit Topics Include:

  • Comply with organisational policy and procedures that relate to the preparation of financial forecasts and projections
  • Apply standard accounting principles and techniques
  • Accurately identify assumptions and parameters of forecasts
  • Collect, consolidate, model and analyse data in a timely manner
  • Document forecasts and projections, and obtain approval where required.
  • Describe relevant financial industry codes of practice
  • Explain financial forecasting techniques, models and best practice
  • Identify key users or audience for financial forecasts and projections
  • Outline factors in the external environment that can impact on financial forecasts
  • Outline the relevance of historical financial reports to forecasting
  • Identify and interpret relevant organisational policy and procedures
  • Explain key requirements of relevant legislation and regulations that influence the financial services industry.

This unit describes the skills and knowledge required to prepare financial reports for a corporate reporting entity. It encompasses compiling and analysing data and meeting statutory reporting requirements. It applies to individuals who use specialised knowledge and analytical skills to prepare financial reports that meet specific compliance requirements.

Unit Topics Include:

  • Access, compile and analyse data and prepare reports for corporate entities, including: shareholders’ funds reports, reports aiding the acquisition of corporate entities, tax affected account reports, consolidated financial reports
  • Confirm data and reports comply with: organisational policies and procedures, ethical requirements, required accounting standards, statutory and reporting body requirements.
  • Current business taxation requirements for preparing corporate accounting reports
  • Current financial legislation and statutory requirements relating to taxable transactions and reporting requirements
  • Ethical requirements associated with preparing financial reports for corporate entities, including conflict of interest, confidentiality, and disclosure requirements
  • Industry-standard methods and formats used to present financial data
  • Options, methods and practices for recording and reporting deductions, benefits and depreciation
  • Key requirements of organisational policies and procedures relating to preparing financial reports for corporate entities
  • Business legal requirements relating to delegated authorities, reporting periods, and taxation payment timings
Financial Performance

This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information. It encompasses assessing client needs, analysing data, and preparing advice. It applies to individuals who, in line with their level of authority, use specialised knowledge, systematic approaches, and analytical techniques to research and prepare customised information for clients.

Unit Topics Include:

  • Assess client needs and analyse their financial data
  • Prepare and document financial and business performance advice for clients that: complies with financial legislation and accounting standards, practices and principles, assesses taxation, compliance and business viability issues faced by clients, assesses risk management options and practices.
  • Key requirements of taxation legislation relating to deductions, allowances, and charges
  • Key areas that can cause significant taxation issues
  • Techniques used to forecast financial and business performance
  • Key features of government financial policy relating to financial and business performance advice
  • Key requirements of corporations and consumer legislation relating to financial and business performance information
  • Industry-standard methods for presenting and formatting financial data
  • Key principles of cash flow and budgetary control
  • Sources of information on financial products and markets relating to financial and business performance information
  • Risks, contingencies, and risk management options relating to financial and business performance
  • Client rights and responsibilities in relation to obtaining financial and business performance information

This unit describes the skills and knowledge required to review corporate governance requirements, implement internal control operating procedures, and monitor associated policy. It applies to individuals who use specialised knowledge and analytical skills to ensure organisational procedures, compliance and quality requirements are met.

Unit Topics Include:

  • Interpret and comply with corporate governance requirements, organisational policy, and financial delegations and accountabilities
  • Review corporate governance requirements and implement effective operating procedures to ensure organisational compliance
  • Use a range of methods, work practices and routines relevant to internal control procedures
  • Monitor internal control operating procedures and applicable financial legislation.
  • Ethical and confidentiality considerations when managing and handling files and records
  • Key features of financial legislation relating to financial transactions and reporting requirements
  • Benefits and limitations of internal controls and potential consequences of poor internal controls for internal operations
  • Key requirements of organisational policies and procedures relating to: corporate governance, financial delegations and accountabilities
  • Key principles of internal control and auditing

This unit describes the skills and knowledge required to analyse trends in an organisation’s business operations, develop performance indicators and identify options for improvement. It applies to experienced individuals who use specialised knowledge and skills to evaluate complex information and make recommendations relevant to strategic organisational activity.

Unit Topics Include:

  • Analyse trends in business performance using standard accounting techniques
  • Develop performance indicators and identify options for improvement
  • Monitor performance indicators and document options for improvement
  • Establish organisational objectives, policy and procedures.
  • Discuss ethical considerations relating to conflict of interest, confidentiality and disclosure requirements
  • Identify the key principles and methods of: valuation, capital budgeting analysis and investment analysis
  • Cost –benefit analysis and use of performance ratios or comparison techniques.
Taxation

This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in line with statutory requirements. It encompasses gathering and verifying data, calculating taxable income, and reviewing compliance requirements. It applies to individuals who use systematic approaches and follow specific guidelines to ensure compliance requirements are met.

Unit Topics Include:

  • Research, critically evaluate, and apply new or changed legislative requirements relating to the preparation of client non-complex income tax documentation
  • Identify client data required to calculate taxable income
  • Prepare client tax documentation that complies with: Australian taxation law and Australian Taxation Office (ATO) rulings, accounting principles and practices, organisational policies and procedures
  • Provide advice to client on tax documentation presented and obtain verification and approval.
  • Ethical considerations and legislative requirements required to prepare non-complex income tax documentation for individual taxpayers, including: conflict of interest, responsibilities of tax agents, including code of professional conduct obligations under the Tax Agent Services Act (TASA) and Tax Agent Services Regulations (TASR)
  • Key elements of Australian tax law as they relate to income tax documentation for individual taxpayers, including: rules and principles of Australian tax law, and the legal environment in which these principles operate, basics of the legal system, constitutional considerations, and separation of powers that relate to preparing non-complex income tax documentation, key aspects of the income tax law covering concepts of: residence and source, related elements of international tax, assessable income, deductions, including general, specific, and decline in value, tax rebates and offsets, tax accounting, income test definitions that include reportable superannuation and fringe benefits tax (FBT), key aspects of principles and application of capital gains tax (CGT), FBT and employment termination payment (ETP) rules for individual taxpayers, basic concept of goods and services tax (GST), administrative aspects of the taxes identified above, including documentation, tax collection and withholding mechanisms, assessments, obligations, rulings, penalties and audits, specific and general anti-avoidance tax rules for individuals
  • Key sources of information and data required to calculate taxable income
  • Key features of organisational policies and procedures required to prepare non-complex income tax documentation for individual taxpayers
  • Key accounting principles and practices required to prepare non-complex income tax documentation for individual taxpayers

This unit describes the skills and knowledge required to identify taxation requirements for complex lodgements and returns for legal entities. It involves gathering, analysing and processing taxation related data to prepare tax documentation, and to review and apply compliance requirements. It applies to individuals who use specialised knowledge and systematic approaches and who follow specific guidelines to ensure compliance requirements are met. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Unit Topics Include:

  • Research and critically evaluate new or changed legislative requirements and apply where relevant to the preparation of the client's tax documentation
  • Provide taxation advice to clients in line with individual requirements
  • Identify legal entity tax data required to calculate taxable income
  • Prepare tax documentation for legal entities that complies with: Australian taxation law and Australian Taxation Office (ATO) rulings and lodgement schedules, accounting principles and practices, organisational policy and procedures
  • Present tax documentation to the client for verification and approval.
  • Identify and explain ethical considerations and legislative requirements relevant to the preparation of tax documentation for legal entities, including: conflict of interest, esponsibilities of tax agents including Code of Professional Conduct obligations under the Tax Agent Services Act (TASA) and Tax Agent Services Regulations (TASR), government tax policy documents issued by Reviews, Treasury and Board of Taxation, Explanatory materials in relation to legislation, statutes, Court and Administrative Appeals Tribunal decisions, Commissioner of Taxation's interpretive guidance in Rulings and Determinations
  • Explain critical and key elements of Australian tax law as it relates to tax documentation for legal entities such as companies, trusts, partnerships and sole traders including: The rules and principles of Australian tax law, with an understanding of the legal environment in which these principles operate, basics of the legal system, constitutional considerations and separation of powers, The key aspects of income tax law covering concepts of residence and source, related elements of international tax, assessable income, deductions, tax rebates and offsets, and tax accounting, The key aspects of taxes that extend the ordinary income tax base, including relevant principles and application of the capital gains tax (CGT) and fringe benefits tax (FBT) rules, Goods and services tax (GST), Taxation aspects of superannuation law, Administrative aspects of the taxes identified above including documentation, tax collection and withholding mechanisms, assessments, obligations, rulings, penalties and audits, Specific and general anti-avoidance tax rules
  • Describe the key sources of information and taxable transactions data required to calculate taxable income, including: Allowable deductions, Capital gains, Financial adjustments such as write-offs and revaluations, Income, Payments, Purchases, Superannuation payments
  • Describe the key features of organisational policy and procedures relating to the preparation of tax documentation for legal entities
  • Outline the key accounting principles and practices relevant to the preparation of tax documentation for the different types of legal entities.
Budgets and Management

This unit describes the skills and knowledge required to prepare, document, and manage budgets and forecasts. It encompasses forecasting estimates and monitoring budgeted outcomes. It applies to individuals who use specialised knowledge and analytical skills to prepare and manage strategic organisational information.

Unit Topics Include:

  • Prepare, document and present budgets and forecasting estimates that comply with: Industry-standard accounting principles and practices, Organisational policies and procedures, Legal and ethical requirements
  • Monitor budget outcomes periodically, analyse budget variances and their possible causes, and make required changes in response.
  • Key purpose and objective of budgets and forecasts, including relevance of milestones and key performance indicators
  • Principal ethical requirements associated with budgetary forecasting and projections within the context of the strength of assumptions and forecast reliabilities
  • Types and sources of data and information required for budgeting and forecasting
  • Budget forecasting techniques
  • Key features of organisational policies and procedures relating to budgeting and forecasting
  • Key principles of accrual accounting and double-entry bookkeeping, including: How implementation affects budgeting and the monitoring of budget outcomes
  • Key principles and practices of: Corporate governance, Statistical analysis and measures of variance

This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports, and review costing system integrity to calculate and record the costs of products and services. It applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports.

Unit Topics Include:

  • Gather and record operating and cost data according to organisational policy and procedures
  • Analyse data and assign costs to products, services and organisational units to comply with organisational procedures
  • Obtain data and prepare a range of cost reports and budgets to meet management information requirements
  • Analyse variances between budgeted and actual data, and review integrity of costing systems.
  • Cost behaviour characteristics for different cost elements of a product or service
  • Key features of organisational policies and procedures as they apply to costing systems
  • Key requirements of management accounting information
  • Key principles and practices of budget preparation
  • Relationship between variance analysis and costing system integrity

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BAS Agent Skill Set

We provide students with the qualification skill set required under the BAS Services Provider legislation

Flexible Distance Learning

Our flixible online distance learning training helps our students to manage the demands of work, family & study

Trained by Industry Professionals

Our students have dedicated professional trainers who are also working professional bookkeepers or accountants

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