In a nutshell
Be part of one of the most essential and in-demand industries in Australia – finance! Get qualified with the specially designed Accounting and Bookkeeping Pathway Program from Open Colleges.
Available 100% online, this program offers a streamlined way of studying. It incorporates the FNS50217 Diploma of Accounting and the FNS40217 Certificate IV in Accounting and Bookkeeping, and ensures that you’ll meet the educational requirements to register as a Business Activity Statement (BAS) Agent.
During your studies you’ll cover how to achieve a working knowledge of the accounting and bookkeeping industry and how you can build a successful career within it; establish manage and maintain payroll systems, a core component of any small or large business; the theory side of the industry by studying economic principles related to financial service functions and tasks, and much more. Plus, the pathway program includes a number of elective subjects, so you can choose to specialise in a particular area.
What you’ll need
To be eligible to study this course, students must meet the following prerequisites.
- Completed the Certificate IV in Accounting and Bookkeeping (FNS40217 ) or equivalent; OR
- Completed the FNSSS00014 Accounting Principles Skill Set (FNSSS00014); OR
- Completed the FNS40615 Certificate IV in Accounting or equivalent; OR
- Completed the FNS40215 Certificate IV in Bookkeeping or equivalent.
There are prerequisite units for FNSACC514 Prepare financial reports for corporate entities which is delivered the Diploma of Accounting (FNS50217). To be able to enrol into the unit of competency learners must have completed the following units within the FNS40217 Certificate IV in Accounting and Bookkeeping:
- BSBFIA401 Prepare financial reports or equivalent; AND
- FNSACC311 Process financial transactions and extract interim reports or equivalent.
Open Colleges also recommend that:
- Students be over 18 years of age; AND
- Have language, literacy and numeracy skills that ensures the ability to read and comprehend technical terms and communicate effectively through email. These skills are equivalent to those that would be required to successfully complete year 12; AND
- Have access to a modern computer with high speed internet; AND
- Basic computing skills including the ability to make a short video.
Subject summary
In this accounting and bookkeeping course, the subjects you may study include:
- FNSACC311 - Process financial transactions and extract interim reports
- FNSACC312 - Administer subsidiary accounts and ledgers
- BSBFIA401 - Prepare financial reports
- FNSACC414 - Prepare financial statements for non-reporting entities
- BSBSMB412 - Introduce cloud computing into business operations
- FNSACC416 - Set up and operate a computerised accounting system
- FNSTPB402 - Establish and maintain payroll systems
- FNSTPB401 - Complete business activity and instalment activity statements
- BSBCUS403 - Implement customer service standards
- FNSACC408 - Work effectively in the accounting and bookkeeping industry
- BSBITU306 - Design and produce business documents
- FNSACC412 - Prepare operational budgets
- BSBSMB404 - Undertake small business planning
- FNSACC408 - Work effectively in the accounting and bookkeeping industry
- BSBITU402 - Develop and use complex spreadsheets
- FNSACC511 - Provide financial and business performance information
- FNSACC516 - Implement and maintain internal control procedures
- FNSACC513 - Manage budgets and forecasts
- FNSACC517 - Provide management accounting information
- FNSACC514 - Prepare financial reports for corporate entities
- FNSACC505 - Establish and maintain accounting information systems
- FNSINC601 - Apply economic principles to work in the financial services industry
- FNSINC602 - Interpret and use financial statistics and tools
- FNSACC512 - Prepare tax documentation for individuals
Why Open Colleges?

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Open Colleges has been helping Australians realise their potential for over 125 years, and they're now one of Australia's leaders in online education. In the last decade alone, they've helped over 450,000 students gain the skills to launch, change or take the next step in their careers.
The common misconception is that studying online means that you’re studying alone, but at Open Colleges, they take great pride in the superior support provided to their students. They make it easy for you to get support when you need it with their student support team available Monday to Friday via email, phone and Live Chat and on the weekends, via Live Chat (when available). They’re here, in tandem with trainers and assessors, to make sure you’re supported the whole way through your course, from the time you enrol right through to your graduation.