Key Benefits

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. To meet all TPB education requirements, add the Commercial Law Module to the Diploma for $1,300. Tax Law is already included. Learn more by clicking here.

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.

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.

Government funding available

This course is delivered with Commonwealth funding and limited Job Trainer funded places.

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)

FNSSS00005 Commercial Law for Tax Agents Skill Set

Commercial law

TPB codes: MCL001 / MCL002 / MCL003

Course Assessments

Assessment formats include:

Tax Agent Certification – Tax Practioner 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.

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
  • BSBFIA401 Prepare financial reports
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 or credit transfer?

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.

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

This course is designed to be completed within 12-24 months.

There is no minimum timeframe 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!

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

$2,350 (total)

The most cost-effective option. Pay up front and save 20% 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

$108.46 per week, paid over 26 weeks (total $2,820)

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 you may be eligible for the Victorian Job Training funding for this course. Check your eligibility here.

This course is delivered with Queensland Government funding. If you live in Queensland, check your eligibility here.

 

*Fees and units are subject to change.

Meet your trainers

Industry experts and thought leaders.
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 8 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!

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’ve worked as a bookkeeper for small/medium businesses to an accountant in CPA firms.  I love sharing my knowledge and passion with students who are new to the field.  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?

I’m not much of a morning person!  I need my cup of tea to get me going before getting the menagerie of animals fed – dogs, chickens, rabbits, budgie and one lone pigeon that ensure I am up and about.

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.

Natasha Daraio
Trainer
"A leader is one who knows the way, goes the way and shows the way"
- John C. Maxwell

I have over 11 years’ industry experience working in various accounting roles – having worked as a tax accountant in private practice, a financial administrator in a solicitors firm and a financial planner in both private practices and in the banking industry. I moved into adult education 10 years ago following the birth of my third daughter and have taught at Gippstafe, Federation Training and Swinburne University.

I love travelling overseas – I’ve been in the lively New Orleans for the St Patrick’s day street party and even skydived on the north shore in Hawaii.

What makes me jump out of bed each morning?

My three daughters get me up each day! When I’m not busy working, you’ll find me curled up reading a book or asking one of my daughters to do something (for the millionth time!).

Any questions? Ask away!

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Accounting education.
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Diploma of Accounting

FNS50217

  • Study online, anywhere and anytime
  • Get critical accounting knowledge and real-world skills
  • Become a registered tax agent – experience criteria applies
Click to expand
Duration Up to two years
How it works Study online. With a difference.
Price $2,350 up front | $108.46 per week (payment plan) | Gov. funding if eligible
Career opportunities Financial and management accounting roles | Registered tax agent
Course topics Four modules + Tax Agent Certification Module (optional)
Units 11 units of competency | Nationally recognised
Course trainers Industry 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 seven units.
Assessments Multiple small assessments | Two 2 hour assessments for Tax Agent Certification
Start date Immediately, 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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