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FNS50222 Diploma of Accounting

Free TAFE Accounting

Next intake February 2025
LocationsGeelong City Campus
Duration Part-time: 12 Months

Course description

This course will extend your theoretical and practical skills for an advanced career in accounting and finance. You will learn about budgeting and forecasting, preparation of financial reports, internal control, income tax returns and further your knowledge of legislative compliance. Graduates at this level will have theoretical and practical knowledge and skills for specialised and/or skilled work and/or further learning.

Possible career outcomes

  • Accounts payable
  • Accounts receivable 
  • Collections supervisor
  • Payroll
  • Bookkeeping
  • Junior Accountant

Applications & attendance

Applications for this course are not currently open.

Please contact customer service on 52250538 during business hours to discuss upcoming intake dates.

2024 July
Geelong City Campus 
Open: 1 Apr 2024
Close: 10 Jul 2024 
Class DayStart: 15 Jul 2024
Part-time: 12 Months    
2025 February
Geelong City Campus 
Open: 1 Aug 2024
Close: 1 Feb 2025 
BlendedStart: 11 Feb 2025
Tue 9-4pm on campus, Thurs 6-9pm
Part-time: 12 Months    


Students may need to complete some self-paced learning and assessment activities outside class time. This will be different for each course and will depend on a student’s level of skill and experience.

Class days and times in the above table are indicative. Prior to course commencement, changes may be necessary. Follow the link for more information on Attendance mode definitions. When you submit your application, please make sure you answer all the questions. Only successful applicants with complete applications will receive an offer. We issue offers as soon as possible. Follow the link for more information on Offer timing.

Many courses have limited places and high demand. We may close an intake before the date above. We recommend you apply early. If student numbers are insufficient we may cancel an intake or a course. An application does not guarantee a place in this course.

  • Applicants must be 17 years and over at the time of course commencement.
  • Applicants are expected to have literacy and numeracy skills at Year 11 or Year 12 or Australian Core Skills Framework Level 4.

  • Prior to commencing this qualification an individual must have completed the following units of competency (or equivalent).
    • FNSACC321 Process financial transactions and extract interim reports
    • FNSACC322 Administer subsidiary accounts and ledgers
    • FNSACC418 Work effectively in the accounting and bookkeeping industry
    • FNSACC421 Prepare financial reports (this unit is the equivalent version of BSBFIA401 Prepare financial reports).
  • These competencies may have been achieved through completion of the following (or their equivalent):
    • FNSSS00014 Accounting Principles Skill Set; OR,
    • FNS40222 Certificate IV in Accounting and Bookkeeping. 
  • You must reside in Victoria to access Victorian Government Subsidised Fees and any incentive such as Free TAFE. Full fees apply to all non-Victorian residents.

Pre-training review

Each student must complete a pre-training review as part of their application. The outcome of your pre-training review assists our teachers and trainers to better understand your capabilities prior to training and enables you to be matched to the right program. Your literacy and numeracy skills will be evaluated and you may be required to undertake a separate assessment. Follow this link for more information about literacy and numeracy skills .

In order to prepare for your LLN, you may wish to attempt some practise tests in which you will find similar questions (with solutions too). These practice tests are not VSL approved but may be similar in question type and level of difficulty to what may be asked in the VSL approved LLN. Click here for practice tests. Please note, the VSL approved LLN cannot be resat within 3 months of undertaking it.

Personal Learning Requirements

There are personal learning requirements for each qualification at The Gordon. These are essential personal capabilities and skills required to successfully complete the course and be ready to work in the industry.

Please review the requirements here and consider any challenges you may have in meeting them. When applying for your course, please let us know what support you may need.

Selection mode

Core Units Code Hours
Design and produce complex spreadsheets BSBTEC402 50
Implement and maintain internal control procedures FNSACC526 40
Manage budgets and forecasts FNSACC523 40
Prepare financial reports for corporate entities FNSACC524 70
Prepare tax documentation for individuals FNSACC522 80
Provide financial and business performance information FNSACC521 60
Provide management accounting information FNSACC527 60
Elective Units Code Hours
Apply legal principles in contract and consumer law FNSTPB503 60
Apply legal principles in corporations and trust law FNSTPB504 60
Complete business activity and instalment activity statements FNSTPB411 50
Develop and use emotional intelligence BSBPEF502 60


Please note that the listed electives are delivered by The Gordon but you may not need to complete all of these units to successfully complete this qualification. If you have previously completed any of the units of competency relevant to this course, you may be eligible for Credit Transfer (CT). Any previous relevant experience may qualify you for Recognition of Prior Learning (RPL). Find out more about CT or RPL here.

Assessment is based on:

  • Written assignments
  • Team projects

This course is eligible for Free TAFE!

Eligible Victorian students who elect to use their Free TAFE opportunity will not incur any tuition fees. Material and resources fees still apply. Follow the link for further information and to check the eligibility criteria.

FeesRateUnitIndicative Course HoursIndicative Tuition Payable by StudentMax. Indicative Government Subsidy Total
Standard Tuition AUD $11.77 per hour 630 AUD $7,415.00 AUD $4,225.00
Full Fee Tuition AUD $13.33 per hour 630 AUD $8,398.00

Add the costs below to your relevant tuition fee

Resources AUD $385.00
Education Levy AUD $94.50


All fees and charges are correct at time of publication but may change without notice. The student tuition fees are indicative only. Additional fees may apply. Where GST is applicable to any courses or materials, the fee displayed is inclusive of the GST.

Which fee will I pay?

Your fees will be charged according to your eligibility for government funding. For more information, visit our Fees & Payments pages.

Fee help and student loans

VET Student Loans are available for eligible students for tuition fees ONLY.
The current years maximum VET Student Loan Course Cap is $12,063

Payment plans may be available for students who are not eligible for a VET Student Loan.

VET Student Loan

To be eligible to apply for a VET Student Loan, applicants will be required to:

  • undertake an independent assessment test to ensure they possess Level 3 in reading and numeracy, or
  • provide their Year 12 certificate, or
  • provide evidence of completion of a Certificate IV or above.

  • Bachelor of Commerce at Deakin University
  • Bachelor of Business at Deakin University
  • Bachelor of International Studies at Deakin University
  • Bachelor of Arts at Deakin University
  • Bachelor of Business Analytics at Deakin University

Many Gordon courses offer pathways to higher qualifications within The Gordon and in some cases, to university degrees. Your Gordon course may provide credit points which could reduce further study time. Follow the link to find more information about pathways, or contact Customer Service.

Date published: 11/07/2024 8:00:42 AM