Key Benefits

Nationally recognised

Want a qualification that’s recognised all over Australia? You’ve come to the right place. The FNS50215 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.

Institute of Certified Bookkeepers (ICB) membership

When you enrol, you’ll automatically get a free Institute of Certified Bookkeepers (ICB) membership. That’s a saving of $120! Your membership includes online access to a wide range of invaluable resources, like practice guides and templates you can use in study and in your work. Click here to find out more about the ICB.

Course Accreditation

You’ll need to complete each of these 11 nationally recognised units of competency in order to be awarded your FNS50215 Diploma of Accounting. If you’re considering becoming a registered tax agent, you’ll need to complete three additional units.


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 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.


 

Further requirements for becoming a registered tax agent

Want to become a registered tax agent? In addition to this qualification, you’ll need to:

For full details, check out the TPB page on registering as a 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 accounting practice, you could consider the 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.

Course Prerequisites

There aren’t any formal prerequisites. 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 more, refer to our Student Information Guide 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

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 $795 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 (click + to meet them)
Simon Slade-Betts
Trainer
"I have been impressed with the urgency of doing. Knowing is not enough; we must apply. Being willing is not enough; we must do."
– Leonardo da Vinci

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 16 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.

Rochelle Park
Trainer
"Strive not to be a success, but rather to be of value."
– Albert Einstein

I have enjoyed a career in the bookkeeping and accounting industry for over 16 years, and I’m proud to have owned several successful small businesses during that time. As a qualified and Practicing BAS Agent, I bring a solid and first hand understanding of the bookkeeping space and the technologies that support business processes. I’m is passionate about working with students, supporting them on their learning journey into successful careers as bookkeepers and accountants.

I also mentor bookkeepers working toward registering as BAS agents as they acquire their required hours in a supervised environment. I’m passionate about lifelong learning and improving what I can offer my students, which is part of why I’m also completing the Masters of Business Administration (MBA) at Deakin University.

What makes me jump out of bed each morning?

Family life and the enjoyment of helping others (with a strong cup of black coffee in hand) are great enticers for me to spring out of bed every day. I enjoy a busy and fun family life with my four young adult children and my partner, kayaking on the beautiful Port Phillip bay or just reading a fiction book reclined.

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

FNS50215

  • 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
Duration Up to two years
How it works Study online. With a difference.
Price $2,200 up front | $93.08 per week (payment plan) | Gov. funding if eligible
Career opportunities Registered tax agent | Financial analyst
Course topics Four modules + Tax Agent Certification Module (optional)
Accreditation 11 units of competency | Nationally recognised
Course trainers Industry experts and thought leaders (click + to meet them)
Pathways

FNS60215 Advanced Diploma of Accounting | University courses

Prerequisites

No formal prerequisites | RPL available | Some equipment needed

Assessments Multiple small assessments | Two two-hour exams 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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