Advanced Diploma of Accounting
FNS60222
Duration: 12 months
Price: $3,324 | $153.42 per week (payment plan)
How it works: Study online. With a difference.
Start date: Immediately, or whenever you’re ready.
Entry requirements: There are entry requirements | RPL available | Some equipment needed
Qualification type: Advanced Diploma
Monarch Institute is one of very few registered training organisations (RTOs) to offer the TPB (Tax Practitioners Board) approved courses required to become a registered BAS agent or a registered tax agent.
Monarch Institute is one of very few registered training organisations (RTOs) to offer the TPB (Tax Practitioners Board) approved courses required to become a registered BAS agent or a registered tax agent.
Free Membership
University Pathways
Nationally Recognised
Course Summary
Monarch Institute is one of very few registered training organisations (RTOs) to offer the TPB (Tax Practitioners Board) approved courses required to become a registered BAS agent or a registered tax agent. We’re also included in a very select few accredited training providers listed by the world’s largest bookkeeping institute, the Institute of Certified Bookkeepers. In other words, they’re fit for what the industry is looking for.
Courses are delivered by skilled professionals, senior CPA and chartered accountants, registered BAS agents and bookkeepers. They have decades of combined experience across an extensive range of industries.
Study accounting or bookkeeping with us and you’ll get practical training that makes use of industry leading software. It’s all about making you job-ready from the moment you graduate.
Looking for a career with great job security and a variety of exciting roles at your feet? You’ve come to the right place! Your accounting studies will leave you with skills that are applicable to heaps of different roles across various industries.
Key opportunities include:
Budget analyst
Financial analyst
Accounting manager
Financial controller
Forensic accountant
Management accountant
Financial accountant
Auditor
Government accountant
Chief Financial Officer (CFO)
An accounting career is a great profession often involving different types of work depending on the job role, company, and industry. Accounting can broadly be broken up into two key areas;
Management Accounting: involves completing tasks and producing reports that inform company management about financial decisions relating to the operations of the business. These decisions that management accountants help to define, are generally forward looking. For example, a management accountant might provide the information to a department head or CEO about the financial issues and consequences of undertaking a strategy.
Financial Accounting: involves completing tasks and producing reports based on historical information. These reports provide management and external stakeholders including banks, financiers, shareholders or government agencies with an important snapshot of the company’s current financial status. A financial accountant will help the CEO, head of a department, or board of a company to understand what financial issues and opportunities exist at any given time.
This entire course is designed to be completed within 12-24 months, however credit transfer reduces the time frame significantly. Most students spend 6 months meeting the requirements for this qualification.
There is no minimum time frame to complete this course. Students who are highly motivated and well organised can complete the full course at an accelerated pace.
The key factors that influence course completion are a student’s experience, time availability, how fast they work and how committed they are!
Study online. With a difference.
You’ll get:
Easy-to-follow course materials
Videos and webinars
Heaps of support from your course trainers (phone, email, Zoom)
A dedicated admin team on hand to guide you
Online assessments
Student Facebook group
How does it work?
This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.
What support will I get?
Your trainer will be happy to contact you via phone, Zoom or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.
Do you offer corporate workshops?
Yes. We’re the corporate training partner of choice for several large organisations. Our trainers can also conduct onsite training for groups of six staff or more. Corporate workshops can be scheduled for any location in Australia. Got a new satellite office with staff in need of training? Running a training retreat in an idyllic location (yes please!)? Our trainers can be there.
Corporate workshops are tailored to your organisation’s needs. Get in touch with our friendly course consultants for more information.
Assessment formats include:
Case studies
Multiple-choice questions
Short-answer questions
Calculation questions
Accounting software simulation questions
Role plays – video self-recording and upload of the file
TPB required assessments
Immediately, or whenever you're ready. Get in touch about enrolling.
"I had an amazing journey whilst completing my Advanced diploma of Accounting. The staff and tutors were always available when I needed support or a little confident push to keep going."
- Cassandra Sommers, Advanced Diploma of Accounting Student
Entry Requirements
The FNS60222 Advanced Diploma of Accounting has the following entry requirements:
Completion of FNS50222 Diploma of Accounting;
OR
Completion of FNS50217 Diploma of Accounting AND unit BSBTEC402 Design and produce complex spreadsheets.
Monarch offers enrolment the unit BSBTEC402 Design and produce complex spreadsheets. Get in touch with our Course Consultants for more information.
Yes, we do formally recognise prior learning (RPL). In other words, we take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or call our friendly Course Consultants.
You will need access to the following equipment to successfully complete the course:
Working computer with Microsoft Office (2016 or later)
Access to the internet
Access to a smart phone, video camera or web camera is required
Get Course Brochure
Enrol Now
Take the short quiz to see if this course is right for you.
Pathways
The Advanced Diploma of Accounting is a great way to prepare for the level of study and academic rigour of a university level course. Before you enrol with Monarch Institute, you will need to check with the university you’re thinking of applying to about whether they’ll give you credit for the units you complete with us.
You can also see more of our accounting courses offered at Monarch Institute:
Part Courses:
Module 1
Foundations
BSBPEF501 Manage personal and professional development
BSBFIN501 Manage budgets and financial plans
Module 2
Risk and Statistics
BSBOPS504 Manage business risk
FNSINC612 Interpret and use financial statistics and tools
Module 3
Economics and Governance
FNSACC634 Monitor corporate governance activities
FNSINC611 Apply economic principles to work in the financial services industry
Module 4
Taxation
FNSACC601 Prepare and administer tax documentation for legal entities
Credit transfers
BSBTEC402 Design and produce complex spreadsheets
FNSACC521 Provide financial and business performance information
FNSACC522 Prepare tax documentation for individuals
FNSACC523 Manage budgets and forecasts
FNSACC524 Prepare financial reports for corporate entities
FNSACC526 Implement and maintain internal control procedures
FNSACC527 Provide management accounting information
Free Membership
Get free student membership into the Institute of Public Accountants (IPA) when you enrol.
Membership gives you access to wide range of resources you can use to help kick off your career. Click here to learn more.
University Pathways
Interested in furthering your education at university? Many universities are offering credits towards a Bachelors degree in Accounting for students who have completed an Advanced Diploma of Accounting, meaning it’ll be easier and cheaper for you to further your education with an Advanced Diploma of Accounting.
Nationally Recognised
Want to continue to study at a university in Australia? Your Advanced Diploma is nationally recognised, so you’ll be able to use it as a pathway to an undergraduate course.
Accounting training. For the real world.
Check out our reviews
Frequently Asked Questions
This advanced diploma helps you move past preparing financial reports and into the work senior accountants handle, including managing business risk, monitoring corporate governance activities and interpreting financial statistics. The course also completes the Tax Practitioners Board education requirements for tax agent registration, since it already includes the tax agent units. You can apply the same skills in commercial finance teams, public practice firms and government departments.
You need to have completed the Diploma of Accounting before you enrol, so this course suits accountants who want to take on more senior responsibilities. If you finished the earlier FNS50217 version of the Diploma of Accounting, you’ll also need the complex spreadsheets unit, which you can enrol with us separately. At Monarch Institute, credit transfer applies to seven units, and most students meet the remaining requirements within six months. If you completed your Diploma of Accounting with another Registered Training Organisation (RTO), the credit transfer you receive may vary.
You’ll study 14 nationally recognised units of competency in total. The course covers how to:
Manage business risk
Manage budgets and financial plans
Interpret and use financial statistics and tools
Monitor corporate governance activities
Apply economic principles to financial services work
Prepare and administer tax documentation for legal entities
The Diploma of Accounting teaches the technical work of corporate reporting, management accounting and taxation, and the Advanced Diploma takes you into oversight and strategy. You’ll manage business risk, monitor corporate governance activities and interpret financial statistics to inform decisions. The Diploma of Accounting is also a prerequisite for the Advanced Diploma of Accounting, so you need to complete that first to get the right foundations.
You could pursue roles like:
Management accountant or financial accountant
Budget analyst or financial analyst
Auditor
Forensic accountant
Accounting manager
Government accountant
Many accountants start in a specialist role like management or financial accounting, then take on responsibility for a whole finance team as an accounting manager or financial controller. You could move towards a chief financial officer (CFO) position once you’ve spent substantial time at the managerial level.
Yes, we deliver the course online so you can study around work at any pace that suits you. Most students finish within six months thanks to credit transfer, though you have up to two years available. Your trainer will be available to help by phone, Zoom or email between 9am and 5.30pm, Monday to Friday, and your assessments include case studies, calculation questions and accounting software simulations you’ll complete online.
An Advanced Diploma is the highest qualification level we deliver in accounting, and many universities grant credit for it towards a bachelor’s degree in accounting. That credit can shorten your degree and reduce what you pay for it. The course also prepares you for the academic demands of university study, since you’ll work through corporate governance, business risk and economic principles at an advanced level. Credit arrangements vary between universities, so confirm the details with yours before you enrol.
Trainers
Fees