Diploma of Accounting

The IPA is committed to providing members with education pathways and continuing professional development that makes a meaningful difference to their careers, as well as to outcomes for clients in the small business arena. If you’re seeking registration as a tax agent, or simply furthering your technical skills, the Diploma of Accounting may be right for you.

Monarch Institute is our training provider of choice. Their Diploma of Accounting course is delivered by skilled practicing professionals, including senior CPAs and chartered accountants. Everything from the learning materials to the great one-on-one support you’ll receive will help ensure you graduate ready to hit the ground running.

All your textbooks and learning materials are included. You can study anywhere, any time that works for you; it’s truly self-paced study. Plus, aside from the four two-hour exams mandated by the TPB for tax agent registration, there are no exams – just short, manageable assignments. So the pressure’s off, and you can concentrate on really learning.

Becoming a registered tax agent

Want to become a professional tax agent? You’ll need to be registered with the Tax Practitioners Board (TPB). To do that, you’ll need a few prerequisites, including a primary qualification, board approved courses, and relevant work experience.

Monarch’s Diploma of Accounting meets the basic education requirements for becoming a tax agent. There’s also an extra module the TPB require, that for a nominal cost, includes the board approved course (units) in Commercial law.

NOTE: For up-to-the-minute tax agent registration requirements, it’s always best to visit the TPB website.

What’s covered in the Diploma of Accounting?

The Diploma of Accounting includes 11 nationally recognised units of competency. They’re grouped in to four modules, so you learn holistically and get to know related concepts at the same time. You’ll cover:

Module 1 - Financial reporting

  • Prepare financial reports (BSBFIA401)
  • Prepare financial reports for corporate entities (FNSACC514)

Module 2 - Budgets, management accounting and economics

  • Prepare operational budgets (FNSACC412)
  • Manage budgets and forecasts (FNSACC513)
  • Provide management accounting information (FNSACC517) Apply economic principles to work in the financial services industry (FNSINC601)

Module 3 - Financial performance and internal control

  • Provide financial and business performance information (FNSACC511)
  • Implement and maintain internal control procedures (FNSACC516)
  • Apply principles of professional practice to work in the financial services industry (FNSINC401)

Module 4 - Taxation

  • Prepare tax documentation for individuals (FNSACC512)
  • Prepare and administer tax documentation for legal entities (FNSACC601)

Module 5 (OPTIONAL) - Commercial law

  • Apply legal principles in contract and consumer law (MCL001) (FNSTPB503)
  • Apply legal principles in corporations and trust law (MCL002) (FNSTPB504)
  • Apply legal principles in property law (MCL003) (FNSTPB505)

Entry requirements

It’s worth noting that, as part of the government’s updates to financial services training, the Diploma of Accounting now has entry requirements. To start the Diploma, you must have completed a Certificate IV in Accounting and/or Bookkeeping – OR you must have completed the Accounting Principles Skill Set (FNSSS00014). Monarch offers the Skill Set as a separate course.

Get started today

As a member of the IPA, you are entitled to a 5% discount if you are a full fee-paying student for this Monarch Institute Qualification. To learn more about this offer and start your enrolment, contact Emil on 1300 738 955 or email Emil direct on [email protected].

There are no term dates or enrollment deadlines. At Monarch Institute, you can start your studies when it suits you.

Click here to download a brochure or click here to enrol today.