Learn and work at the same time. Australia's leading accounting school with built-in work placements.
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12 months
The Diploma of Accounting FNS50222 is a nationally recognized qualification designed to equip students with the essential skills and knowledge required to thrive in the accounting and bookkeeping industry.
Upon successful completion of the course, students will meet the educational requirements for registration as a Business Activity Statement (BAS) agent with the Tax Practitioners Board. This certification opens doors to numerous career opportunities in the accounting and bookkeeping sectors, making it an ideal choice for those looking to establish a solid foundation in this field.
You will learn to use essential industry tools and programs (such as MYOB, Xero and Quickbooks), plus how to prepare financial statements, forecasts and budgets, maintain a payroll system and prepare GST BAS report for companies of different sizes. Certain units within the program fulfill the educational requirements set forth by the Tax Practitioners Board for registration as tax agents, highlighting the relevance of commercial law in the taxation field.
Your teacher
Gordon Chen
With over 25 years of teaching experience, Gordon shares a passion for all things numbers and data. Formerly, he was an academic at Macquarie University, University of Technology Sydney, and visiting MBA Professor at Sun Yat-Sen University.
The Diploma of Accounting is a Level 5 AQTF qualification and based on the FNS50217 financial service training package. There are 6 units of core subjects and 5 units of elective subjects.
Throughout this course, students will learn to prepare financial reports, administer tax documentation, and process financial transactions with precision and accuracy. The curriculum covers a wide range of topics, including financial reporting, management accounting information, internal control procedures, and interim reports. Additionally, students will gain insights into subsidiary accounts, corporate entities, economic principles, and Australian taxation law.
By the end of the course, graduates will be proficient in preparing financial reports, managing budgets, and developing financial forecasts, making them valuable assets in any financial team.
FNSACC521
Provide financial & business performance information
You will learn to use essential industry tools and programs.
FNSACC522
Prepare tax documentation for individuals
You will learn to use essential industry tools and programs.
FNSACC524
Prepare financial reports for corporate entities
You will learn to use essential industry tools and programs.
FNSACC526
Implement & maintain internal control procedures
You will learn to use essential industry tools and programs.
FNSACC527
Provide management accounting information
You will learn to use essential industry tools and programs.
BSBTEC402
Design & Produce complex spread-sheets
You will learn to use essential industry tools and programs.
FNSACC523
Manage budgets & forecasts
You will learn to use essential industry tools and programs.
The Certificate IV in Accounting and Bookkeeping and the Diploma of Accounting are vocational training programs which provide students with fundamental concepts of accounting and hands on operating skills. Additionally, at Baywater, we believe having practical experience in the accounting and bookkeeping industry are essential to a successful accounting career. In the classroom, students are taught by teachers with extensive accounting industry experiences and also have many opportunities to practice their accounting skills in an internship environment in an accounting firm during or after they complete the accounting course.
In partnership with
BNG Consultancy
Founded in Sydney in 2005, BNG Consultancy is an Australian Financial Services firm that works with Australia's leading SME's and private entities. They have provided accounting and financial services to businesses and individuals from all walks of life.
Practical experience
Accounting is mainly driven by practical technical skills. Apart from understanding tax law compliance and accounting standards, students will build solid, practical experiences through the internship program. Tuition fees are charged to students enrolled in specific courses, and it is important to be informed about potential costs when enrolling.
Guaranteed Internship
Students who successfully complete a Baywater course will be guaranteed an internship in a professional accounting firm. During the internship, students will train extensively in different aspects of accounting practice. This includes work on financial statements preparation for SMEs, GST BAS PAYG quarter and annual reports, and income tax return preparation for Individual, Trust, Partnership, and Companies.
Reference Letter
Upon completion of the internship, students will receive an official reference letter from the accounting firm. This provides solid proof of experience to support their pursuit in their future accounting career.
The Diploma of Accounting FNS50222 opens up a multitude of career pathways within the accounting and bookkeeping industry. Graduates can pursue roles such as accounts payable team leader, accounts receivable team leader, collections supervisor, payroll team leader, and financial accountant. This qualification also serves as a stepping stone for further study, enabling students to aim for positions such as registered tax agents or advisors with the Tax Practitioners Board. With the comprehensive skills and knowledge gained from this course, graduates are well-prepared to work in diverse sectors, including finance, commerce, and government, ensuring a dynamic and rewarding career.
To be eligible for the Diploma of Accounting award, prospective students must meet the following entry requirements:
This course is ideal for individuals who are looking to start a career in accounting and bookkeeping, as well as those who are already working in the industry and wish to upgrade their skills and knowledge. Whether you are a newcomer to the field or an experienced professional seeking to enhance your expertise, the Diploma of Accounting provides a solid foundation for success.
RTO Code: 567890
Collectively, the team at Baywater have over 30 years experience in industry and in academia. Over this time, we have produced many success stories. Here are just some of them.
"While studying 'Business Activity and Instalment Activity Statement', I worked part time at BNG Consultancy, where I developed most of my practical accounting skills. I now work at State Street specialising in the Australian market."
Yang J.
Class of '19
State Street
"The course provided by Baywater uses practical examples and detailed explanations to help me quickly understand the content of the course and solve the corresponding problems in my work in a short period of time."
Mia M.
Class of '21
Macquarie
"I learnt so much during my time at Baywater. I became experienced in using accounting software such as MYOB, bookkeeping practices, and preparing and finalising financial statements and tax returns for individuals, trusts and companies."
Catherine X.
Class of '19
China Power Grid Co
"Gordon is great. Very knowledgeable and patient. Always takes time to listen to our concerns. I highly recommend BNG."
Nina T.
Class of '21
Addsum Global
"As a busy professional juggling work and family, I found the Baywater program super supportive and flexible. The course allowed me to learn at my own pace, and the staff offered care and encouragement. It made me feel motivated for my career change."
Avril C.
Class of '23
Serenade Leather
"I was searching for a more practical course that could upskill my accounting skills. The real-world assignments gave me a taste of actual business challenges. The instructors provided insights drawn from their own experiences. This combination allowed me to level up my accounting career."
Jeff T.
Class of '24
NDIS
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