Advanced Diploma of Accounting
Advanced Diploma Accounting IPGFNS60215
This qualification is designed to reflect the role of individuals working in accounting and seeking professional identification. At this level individuals are expected to apply theoretical and technical skills in a range of situations and to display initiative and judgement in planning activities. They have autonomy in performing complex operations and can be responsible for planning, coordinating and evaluating the work of others within broad but generally well-defined parameters.
This qualification has fourteen units of competency, three core units plus eleven elective units. Electives must be relevant to the work outcome and meet local industry needs.
IEA College of TAFE endorsed qualification structure:
PGIFNSACC624 Monitor corporate governance activities
This unit describes the skills and knowledge required to research corporate governance reporting trends, examine corporate governance standards and practices, and review compliance to develop and implement processes and procedures for meeting corporate governance obligations.
PGIFNSINC601 Apply economic principles to work in the financial services industry
This unit describes the skills and knowledge required to apply broad principles of financial economics that underpin a range of tasks and functions in the financial services industry. It includes understanding how financial instruments are priced in markets, and techniques and processes government and organisations use to manage financial risk, demonstrating broad knowledge of economic theories and related decision making in a national and organisational economic context.
PGIFNSINC602 Interpret and use financial statistics and tools
This unit describes the skills and knowledge required t to access, interpret and analyse statistical data relevant to the financial services industry. It encompasses producing new statistical information and reports from existing data using a range of tools and processes.
PGIFNSACC511 Provide financial and business performance information
This unit describes the skills and knowledge required to analyse and report on a broad range of financial and business performance information. It encompasses assessing client needs, analysing data, and preparing advice.
PGIFNSACC512 Prepare tax documentation for individuals
This unit describes the skills and knowledge required to prepare non-complex income tax returns for individuals in line with statutory requirements. It encompasses gathering and verifying data, calculating taxable income, and reviewing compliance requirements.
PGIFNSACC513 Manage budgets and forecasts
This unit describes the skills and knowledge required to prepare, document, and manage budgets and forecasts. It encompasses forecasting estimates and monitoring budgeted outcomes.
PGIFNSACC514 Prepare financial reports for corporate entities
This unit describes the skills and knowledge required to prepare financial reports for a corporate reporting entity. It encompasses compiling and analysing data and meeting statutory reporting requirements.
PGIFNSACC516 Implement and maintain internal control procedures
This unit describes the skills and knowledge required to review corporate governance requirements, implement internal control operating procedures, and monitor associated policy.
PGIFNSACC517 Provide management accounting information
This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports, and review costing system integrity to calculate and record the costs of products and services.
PGIFNSACC505 Establish and maintain accounting information systems
This unit describes the skills and knowledge required to identify and record system requirements, evaluate alternative systems and acceptance test systems, prepare system documentation, implement reporting systems and records, monitor systems and review reporting procedures.
Students graduating from the Diploma in Accounting must complete the additional three core units of competency to receive the Advanced Diploma of Accounting.
PGIFNSACC604 Monitor corporate governance activities
PGIFNSINC601 Apply economic principles to work in the financial services industry
PGIFNSINC602 Interpret and use financial statistics and tools