Key Benefits

Nationally recognised

Want a qualification that’s recognised all over Australia? You’ve come to the right place. The FNS50217 Diploma of Accounting may be used as a pathway to undergraduate level qualifications at universities around Australia.

TPB approved course

We’re an approved course provider with the Tax Practitioners Board.

Government funded

If you live in Victoria, you may be eligible for government funding. To see if you are eligible, please click here.

Add Tax Agent Module

Monarch Institute is 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 under the requirements of the TPB. To become a registered tax agent, all you need to do is add the Tax Agent Certification Module, and meet TPB experience criteria. Learn more by clicking here.

Free Membership

Get free student membership into the Institute of Public Accountants (IPA) and the Institute of Certified Bookkeepers (ICB) 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.

Course Accreditation

You’ll need to complete each of these 11 nationally recognised units of competency in order to be awarded your Diploma of Accounting. If you’re considering becoming a registered tax agent, you’ll need to complete three additional commercial law units.


Module 1

Financial reporting

Module 2

Budgets, management accounting and economics

Module 3

Financial performance and internal control

Module 4

Taxation

Module 5 (Optional – Tax Agent Certification)

Commercial law

Course Assessments

Assessment formats include:


For Tax Agent Certification you will have to complete an exam

The Tax Practitioners Board (TPB) requires the  Tax Agent Certification (TAC) Module to be completed via two two-hour open book exams.

The first exam covers Australian tax law. The second exam covers Australian commercial law. The exams do not need to be completed at the same time, in fact it is suggested they are not.


What is included in the Tax Agent Certification (TAC) exam?

Each exam consists of 30 multiple choice questions and six short answer or calculation questions.


Where do I do the exam?

The Tax Practitioners Board (TPB) specifies students can complete the exam at any location provided they are independently supervised according to the terms and conditions of independent supervision as specified by the TPB.

For more details on the requirements of independent supervision, please get in touch with one of our friendly course consultants.

Career Opportunities

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:

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.


IMPORTANT: Further requirements for becoming a registered tax agent

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 FNS60217 Advanced Diploma of Accounting 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.

Entry requirements

Course entry requirements*

Before starting the FNS50217 Diploma of Accounting, you’ll need to have completed the FNSSS00014 Accounting Principles Skill Set  or hold these units or their equivalent:

  • FNSACC311 Process financial transactions and extract interim reports
  • FNSACC312 Administer subsidiary accounts and ledgers
  • FNSACC416 Set up and operate a computerised accounting system
  • FNSTPB402 Establish and maintain payroll systems
  • FNSTPB401 Complete business activity and instalment activity statements
  • FNSACC408 Work effectively in the accounting and bookkeeping industry
OR you’ll need to have completed one of these qualifications:
  • FNS40615 Certificate IV in Accounting
  • FNS40217 Certificate IV in Accounting and Bookkeeping
  • FNS40215 Certificate IV in Bookkeeping
  • FNS40211 Certificate IV in Bookkeeping
  • FNS40210 Certificate IV in Bookkeeping
  • FNS40207 Certificate IV in 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.


What else is there?

To make sure you get the most out of training with us, the following enrolment process applies:


What equipment will I need?

You will need access to the following equipment to successfully complete the course:


Am I eligible for recognition of prior learning?

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 if you are eligible for recognition of prior learning, email your resume and academic transcripts to info@monarch.edu.au and one of our course consultants will be in touch.

Course Topics

You’ll need to study a total of 11 units, which are spread out over four modules, with an optional module for Tax Agent Certification, which comprises three additional units. Here’s what you’ll learn along the way:


Module 1

Financial Reporting

Module 2

Budgeting and management reporting

Module 3

Financial performance information and internal control

Module 4

Taxation for individuals and legal entities

Module 5

Tax agent certification – commercial law (optional)

Course Duration

Is there a maximum course completion time?

Yes; two years for the whole qualification. You must complete each module within six months.


Is there a minimum course completion time?

No. Except for some government funded students, students can complete the qualification as quickly as they choose.


What is the average course completion time frame?

Students who are highly motivated and well organised can often complete the full course in nine months. The key factors that influence course completion are a student’s experience, time availability, and how fast they work.

How it works

More than online

You’ll get:


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, Skype, Zoom, TeamViewer, 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.

Course Price

Upfront payment

$2,200 (total)

The most cost-effective option. Pay up front and save 10% compared to the total payment plan. Payment options include electronic funds transfer (EFT), credit card (Mastercard or Visa), cheque or cash.

Optional: add $1,300 for Tax Agent Certification Module.


Payment plan

$93.08 per week, paid over 26 weeks (total $2,420)

This option is suitable for people wanting to manage their cash flow. It’s handy if you want to get started right away, but don’t have the full amount on hand. Payment must be made with MasterCard of Visa.


Government funding

If you live in Victoria, Monarch Institute has government funded places. To see if you are eligible for a government funded place, please click here.

Meet your trainers

Industry experts and thought leaders.
Simon Slade-Betts
Trainer
"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."
– Chinese Proverb et al

I’m the Accounting/Bookkeeping Course Co-ordinator, and a trainer and assessor, here at Monarch Institute. I’ve got quite a few years’ experience as an accounting trainer and assessor with Australia’s largest RTO colleges.

As a Certified Practising Accountant (Fellow), I’ve got over 37 years’ accounting and business experience. I’ve worked both locally and overseas, across diverse industries, with some of the world’s largest multinational corporations. In these roles I have held directorships, senior financial management and company secretarial positions. This means I’ve had responsibility for all aspects of accounting and finance.

My experience in accounting and finance is complemented by more than 18 years’ involvement in the IT industry. I’m still working in the industry, with Australia’s leading software provider, to deliver specialised business software training to business operators in the SME sector.

What makes me jump out of bed each morning?

The opportunity to help make the world a better place through helping educate and encourage learners and business operators achieve their goals and consequently improve the living standards of millions of people worldwide. But just before I do all of that, I’m a coffee lover, so the enticement of a great morning coffee also helps a lot!

Michelle Dascal
Trainer
"A person who never made a mistake never tried anything new."
– Albert Einstein

I currently work in a mid-tier accounting firm as a senior accountant, and love it. I have over four years’ experience working as a business service accountant and tax consultant. I look after a portfolio of clients across various industries, and that’s really interesting. Observing different sector dynamics at play is fascinating. My skills include preparing financial statements, preparing tax returns, BAS, budgeting, cash flow analysis and tax consulting.

What makes me jump out of bed each morning?

I’m passionate about eating food. I love to try different cuisines in restaurants, and enjoy cooking as well. The bed time discussion generally starts with, ‘…what are we going to eat tomorrow’?

John Deininger
Trainer
"No choice we can make as a nation lies between our history and our geography. We can hardly change either of them. They are immutable. The only choice we can make as a nation is the choice about our future."
- Hon Paul Keating

I am a qualified Chartered Accountant. I started out with the large chartered practice Pricewaterhouse Coopers. Since then I’ve built a career in financial services, working with both large and small chartered accounting firms, financial services businesses both in Australia and overseas and a mid-tier industry superannuation fund. I’ve also got a track record of similar roles in a volunteer capacity in the local community; I’m the treasurer of two community organisations. I am particularly interested in assisting and guiding students in the financial services arena with their studies and career development.

What makes me jump out of bed each morning?

I lead a busy and involved life, although more and more I’m reliving my childhood through the activities of my son Oskar! Together with my wife and Oskar, I enjoy the year-round wonders of the outdoors so close to Melbourne’s doorstep, while still hanging onto an inner city cosmopolitan life style, hopefully the best of both worlds. A bike, kayak, tent and xc skis are my most treasured possessions!

Karen Alpen
Trainer
"To handle yourself, use your head; to handle others, use your heart"
– Eleanor Roosevelt

I’m a Chartered Accountant with a Bachelor of Financial Administration and a Graduate Certificate in Management. With fifteen years of experience teaching accounting and bookkeeping as a part-time lecturer at a University and TAFE, I’m still loving my job.

I started my accounting career in Sydney with one of the world’s largest accounting firms, and had ten years of experience working in both the public and commercial accounting professions prior to commencing teaching. I understand the challenges of studying online, having gone back to university as a mature age student to complete an online Bachelor of Science. I’m now undertaking a Master of Science (Bioinformatics) at Melbourne University, so I empathise with students juggling work, family and study commitments.

What makes me jump out of bed each morning?

The long list of jobs I have to do each day… family, pets, work, study! When there is a spare moment, I enjoy walking, cycling, reading (not just textbooks!), fiddling around in the garden and painting/sketching.

Melissa Nettle
Trainer
"Why fit in when you were born to stand out?"
- Dr. Seuss

I am the Manager of the Funded Accounting Programs here at Monarch Institute. Over the past 20+ years I have worked in various roles within the financial services industry including working as a trainer/assessor in Finance and Accounting, Bookkeeping and Business Administration courses.

I am a proud Mum of three beautiful daughters. In fact, I started and completed my accounting degree, online, whilst on maternity leave, so I can absolutely relate to the struggles involved with juggling being a Mum and studying full time.

I coach A-grade softball and I also coach my two youngest daughters’ Tee Ball team. Opposite ends of the spectrum and certainly challenging. I love it!

What makes me jump out of bed each morning?

Usually, having to wake my girls up to get them motivated and ready for school. Not an easy task! Also, my mind usually starts ticking over, at 100 MPH, at around 5:00 a.m. so I figure, why fight it? Just get up and make things happen!

Leanne Pagano
Trainer
"You are braver than you believe, stronger than you seem, and smarter than you think" A.A. Milne

I am a registered tax agent with qualifications in Accounting and Training and Assessment.  I have my own small practice that I have been operating for over 10 years.

I have worked in various roles in the finance industry – from working as a bookkeeper for small/medium businesses to accountant in CPA firms.  I have also been teaching for a few years now and love sharing my knowledge and passion with students who are new to the field.  I also love learning, and am currently completing my Bachelor of Accounting online.  I have total understanding and empathy for our students who undertake online studies, fitting in their daily lives with study.

What makes me jump out of bed each morning?

To be honest, I am not much of a morning person.  I need my cup of tea to get me going.  It is then the menagerie of animals that need to be fed, dogs, chickens, rabbits, budgie and one lone pigeon that ensure I am up and about.  That and, usually my daughter wanting a lift somewhere (hurry up and get your license!).  Then it is my love of learning and teaching that gets me motivated for the rest of my day.

Karen Loynd
Trainer
"Learning is a treasure that will follow its owner everywhere” Chinese proverb

I am an accountant with a Bachelor of Business (Accounting) and various teaching qualifications. I have approximately twenty years of experience teaching accounting and bookkeeping courses at a leading TAFE college. I have also taught online courses for several years and appreciate the challenges many online students face.

In addition, I have worked in various accounting and bookkeeping roles in public accounting. I enjoy helping and interacting with students in my role as a Trainer at Monarch Institute.

What makes me jump out of bed in the morning?

Helping people, whether it is students, family, friends or the wider community. I also enjoy tennis and having something fun to do.

Jenny Hargreaves
Mentor
"Believe you can and you’re halfway there."
– Theodore Roosevelt

I’m a registered BAS agent, holding vocational and tertiary qualifications in bookkeeping, accounting, training and psychology. I’ve had 28 years’ experience in the financial services industry. This has included multiple roles for a large Australian bank and a small Australian regional bank. I run my own bookkeeping company in NSW alongside my role as a trainer here at Monarch Institute.

What makes me jump out of bed each morning?

Nothing. I’m not a morning person! Once the first espresso of the day kicks in it all changes. As the ‘pawrent’ of two adorable dogs, I adopt their outlook on life. That is, live in the moment and always have a good stretch before doing anything. I enjoy singing really, really loud, living by the motto ‘just because I can’t sing, doesn’t mean I won’t’.

Any questions? Ask away!

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Accounting education.
For the real world.

Get in touch

Diploma of Accounting

FNS50217

  • Get critical accounting knowledge and real-world skills
  • Become a registered tax agent – experience criteria applies
  • Study anywhere, anytime – whatever works best for you
Click to expand
DurationUp to two years
How it worksStudy online. With a difference.
Price$2,200 up front | $93.08 per week (payment plan) | Gov. funding if eligible
Career opportunitiesFinancial and management accounting roles | Registered tax agent
Course topicsFour modules + Tax Agent Certification Module (optional)
Accreditation11 units of competency | Nationally recognised
Course trainersIndustry experts and thought leaders.
Pathways

FNS60217 Advanced Diploma of Accounting | University courses

Entry requirements

Recent Certificate IV in Accounting or Bookkeeping or the FNSSS00014 Accounting Principles Skill comprising six units.

AssessmentsMultiple small assessments | Two 2 hour exams for Tax Agent Certification
Start dateImmediately, or whenever you’re ready.
Get in touch about enrolling
Payment Options There are two ways you can pay for your course...
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