Diploma of Accounting
FNS50222
Course Duration: 12 months
How it works: Study online. With a difference.
Price: $3,250 up front | $150 per week (payment plan) | Gov. funding if eligible
Start date: Immediately, or whenever you’re ready.
Entry requirements: There are entry requirements | RPL available | Some equipment needed
Qualification type: Diploma
Monarch Institute is one of very few registered training organisations (RTOs) to offer the 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 Tax Practitioners Board approved courses required to become a registered BAS agent or a registered tax agent.
Multi-award winning training provider
TPB approved course
Free industry membership
Nationally recognised
Course Summary
Monarch Institute is one of very few registered training organisations (RTOs) to offer the 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.
Accounting is an industry that’s enjoying considerable growth and, upon completion of this course, it’s one that will open up a variety of career paths.
Key opportunities include:
Registered tax agent
Budget analyst
Financial analyst
Accounting manager
Financial controller
Forensic accountant
Management accountant
Financial accountant
Auditor
Government accountant
Chief Financial Officer (CFO)
Your career potential may open up further as you pursue higher level qualifications. And there are plenty of roles not on this list which your Diploma will help you tackle with confidence. For example, many employers value the logical and analytical thinking skills that students get from studying accounting.
Read about the further requirements for becoming a registered tax agent
This course was designed to be completed within 12 – 24 months but you can complete it as fast as you like.
We offer a study timetable to help you complete the course in 12 months if you have the motivation and available time. However, we give all students up to two years (with 6 months per module) for a flexible, self-paced learning experience.
Your completion time frame depends on your previous education, work experience, time availability and work rate. You’re expected to complete at least one module every six months.
More than online
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, Teams 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.
Assessment formats include:
Case studies
Multiple-choice questions
Short-answer questions
Calculation questions
Roleplays – video self-recording and upload of the file
TPB required assessments (see below)
Tax Agent Certification – Tax Practitioner Board Supervision Requirements
The TPB requires some of your assessments to be supervised. This supervision is provided by Monarch Institute as part of your course fee. We do not charge any additional supervision fees.
The supervised assessment covers Australian tax law. There is a second supervised assessment if you have chosen to add the Australian Commercial Law module. These assessments do not need to be completed at the same time.
Each of the supervised assessments includes a quiz of 30 multiple choice questions and six short answer or calculation questions. Each assessment is open book and you have up to 3 hours to complete each assessment.
Supervision for assessments can be booked as a scheduled Zoom session with Monarch invigilators once you commence your course. You will need a webcam on your device, as well as internet access.
Immediately, or whenever you’re ready.
Get in touch about enrolling
"The staff were so friendly, helpful and insightful on questions I had regarding the course. During my study they were always available and prompt in providing support. I’m so happy to have graduated & looking forward to my new career!"
- Donna S, Monarch Accounting Student
Entry Requirements
Before starting the FNS50222 Diploma of Accounting, you’ll need to have completed the Certificate IV in Accounting and Bookkeeping or FNSSS00014 Accounting Principles Skill Set or hold these units or their equivalent:
FNSACC321 - Process financial transactions and extract interim reports
FNSACC322 - Administer subsidiary accounts and ledgers
FNSACC418 - Work effectively in the accounting and bookkeeping industry
BSBFIA401/FNSACC421 - Prepare financial reports
OR you’ll need to have completed one of these qualifications:
FNS40217 Certificate IV in Accounting and Bookkeeping
FNS40222 Certificate IV in Accounting and Bookkeeping
*You will need to send to us a transcript, record of results or statement of attainment showing the units you have completed. If you hold the actual qualification, you will need to also send us a copy of your certificate.
Monarch Institute offers the Accounting Principles Skill Set. Read more on the Accounting Principles skill set page. Completing this skill set is an affordable way to get yourself ready to study the Diploma. You’ll get a great learning experience, including full support from our trainers, and you’ll finish feeling confident about tackling the Diploma-level qualification.
To make sure you get the most out of training with us, the following enrolment process applies:
Once we receive your enrolment, our friendly course consultants will touch base to undertake a pre-training review to ensure the training is right for you.
For students without an equal or higher level qualification, there is a short language, literacy and numeracy quiz you complete online.
You will need access to the following equipment to successfully complete the course:
Working computer with Microsoft Office (2016 or later) and Microsoft Excel
Access to the internet
Access to a smart phone, video camera or web camera is required
We may be able to 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 get in touch with one of our friendly Course Consultants.
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Take the short quiz to see if this course is right for you.
Pathways
When you finish your Diploma of Accounting, you’ll be ready to start working in a variety of different roles. If you’d like to pursue more senior accounting practice, you could consider the studying FNS60222 Advanced Diploma of Accounting online or applying to an undergraduate level accounting course at a university. You’ll have to check with the university of your choice whether you’ll receive any credit for the units you’ve undertaken in your Diploma.
If you’re looking to study part courses in accounting, Monarch Institute are proud to offer the following part courses:
Module 1
Financial reporting
FNSACC524 Prepare financial reports for corporate entities
BSBTEC402 Design and produce complex spreadsheets
Module 2
Budgets, management accounting and economics
FNSACC523 Manage budgets and forecasts
FNSACC527 Provide management accounting information
FNSACC521 Provide financial and business performance information
Module 3
Financial performance and internal control
FNSACC526 Implement and maintain internal control procedures
FNSINC611 Apply economic principles to work in the financial services industry
Module 4
Taxation
FNSACC522 Prepare tax documentation for individuals
FNSACC601 Prepare and administer tax documentation for legal entities
Module 5 (Optional - Tax Agent Certification)
FNSSS00005 Commercial Law for Tax Agents Skill Set
Commercial law
FNSTPB503 Apply legal principles in contract and consumer law
FNSTPB504 Apply legal principles in corporations and trust law
FNSTPB505 Apply legal principles in property law
TPB codes: MCL001 / MCL002 / MCL003
Note: additional module available for $1600 (Upfront full course cost: $4850 | Payment plan cost: $223.85)
Credit Transfers
FNSACC321 Process financial transactions and extract interim reports
FNSACC418 Work effectively in the accounting and bookkeeping industry
Multi-award winning training provider
Monarch was recognised as the winner of the ‘Training Provider of the Year’ award at the Institute of Certified Bookkeepers (ICB) 2024 LUCA Awards.
TPB approved course
We’re an approved course provider with the Tax Practitioners Board (TPB).
The Diploma in Accounting is your big step forward to becoming a registered Tax Agent. You can also study tax law online.
Nationally recognised
Want a qualification that’s recognised all over Australia? You’ve come to the right place. The FNS50222 Diploma of Accounting may be used as a pathway to undergraduate level qualifications at universities around Australia.
Free industry 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.
Accounting training. For the real world.
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Trainers
Fees
Optional 5th module available for $1,600
Upfront payment: $4,850 | Payment Plan: $223.85
If you live in Queensland, you may be eligible for government funding for this course. Find out more here.
*Fees and units are subject to change.