Course Information

Please note, as we are in the process of transitioning into the new Accounting Principles Skill Set program, we are currently not accepting enrolments into the course until February 2024.

Our Accounting Principles Skill Set course is designed to provide you with a solid foundation in the fundamental concepts and practices of accounting. Through a combination of theoretical explanations, practical examples, and hands-on exercises, you will gain a deep understanding of essential accounting principles and their real-world application.

The FNSSS00014 Accounting Principles Skill Set is specifically tailored to introduce you to the basics of accounting and bookkeeping. By enrolling in the Certificate in Accounting Principles Skill Set, you will acquire the skills and knowledge necessary to:

This accounting principles skill set online course has been developed in close collaboration with industry experts, ensuring that you acquire the practical skills and knowledge that are highly valued in the field. Our aim is to equip you with the expertise needed to meet industry standards and excel in your accounting career.

What you will learn

Prepare accurate financial reports,

Process financial transactions and extract interim reports,

Complete business activity and installment activity statements with confidence,

Effectively administer subsidiary accounts and ledgers,

Establish and maintain efficient payroll systems

Set up and proficiently operate a computerized accounting system,

Why study this course

  • Graduate with a nationally recognised qualification
  • Learn from and be supported by industry professionals with years of experience
  • Learn at any time of the day, in the comforts of your own home or office
  • This course meets the Tax Practitioners Board’s current educational requirements for registered BAS agents (additional eligibility criteria applies) – visit the TPB website for more information
  • Whether you want to learn the essentials to undertake bookkeeping tasks for your business, or learn the basics of bookkeeping, this online course can help equip you with the knowledge and skills you need

Business Accounting Foundations

FNSACC322 Administer subsidiary accounts and ledgers
  • Review accounts receivable requirements
  • Identify bad and doubtful debts
  • Review client compliance with terms and conditions and plan recovery action
  • Prepare reports and file documentation
  • Distribute creditor invoices for authorisation
  • Remit payments to creditors
  • Reconcile outstanding balances
FNSACC418 Work effectively in the accounting and bookkeeping industry
  • Develop professional working relationships
  • Identify compliance requirements and support materials
  • Set up and maintain systems to meet compliance requirements
  • Work autonomously or in a team to complete work activities
  • Develop and maintain own competency
FNSACC426 Set up and operate a computerised accounting system
  • Implement integrated accounting system
  • Process transactions in system
  • Maintain system
  • Produce reports

Payroll and Tax Essentials

FNSTPB411 Complete business activity and instalment activity statements
  • Identify compliance and other requirements applicable to business activity
  • Analyse and apply industry codes of conduct associated with work activities
  • Review and apply goods and services tax (GST) implications and code transactions
  • Report on payroll activities and amounts withheld
  • Reconcile and prepare activity statement
  • Lodge activity statement
FNSTPB412 Establish and maintain payroll systems
  • Establish payroll requirements
  • Record payroll data
  • Prepare and process payroll
  • Handle payroll enquiries
  • Maintain payroll


FNSACC421 Prepare financial reports
  • Maintain asset register
  • Record general journal entries for balance day adjustments
  • Prepare final general ledger accounts
  • Prepare end of period financial reports
FNSACC321 Process financial transactions and extract interim reports
  • Check and verify supporting documentation
  • Prepare and process banking and petty cash documents
  • Prepare and process payable and received invoices
  • Prepare journals
  • Update financial data and systems
  • Prepare deposit facility and lodge flows
  • Finalise trial balance and interim reports
Career Opportunities

Graduates are eligible for the following positions

  • Accounts clerk
  • Bookkeeper
  • Accounts receivable/payable officer.

You are able to learn at your own pace and have up to 6 months to complete this course. This is a self-paced, Trainer-supported method of online learning. We recommend you spend approximately 8-hours a week reading the course material and completing the assessment tasks given to ensure you complete the course within 6-months.

Please note. The above recommended study hours are indicative only. This time would be reduced if you have pre-existing knowledge and experience in accounting and bookkeeping. Edna Training College is also able to support students who may require additional time. Should you require reasonable extensions to complete the training program, you simply have to reach out to our Student & Administration Support personnel who will be more than happy to assist!

Entry Requirements
There are no set entry requirements for this qualification. Noting this, we require students who undertake this course to be:
  • Be aged 18 years or over;
  • Have suitable language, literacy, numeracy and technological skills to be able to carry out tasks such as to:
    • Interpret, analyse and evaluate information that may deal with complex ideas to determine legislative and business requirements,
    • Present information, ideas and concepts to a range of audiences using structure and language to suit the audience,
    • Use a wide range of mathematical calculations to analyse numeric information in budgets, financial plans and other financial documents, and
    • Utilise an online learning platform with ease – this involves being able to upload documents or videos onto the platform, navigate the platform looking for the unit content and assessments, access resources on the platform and communicate with others through the platform;
  • Have access to a computer with Microsoft Office Word, Excel and PowerPoint installed; and PDF reader capabilities;
  • Have access to a computer with a working web camera and microphone; and
  • Have access to an internet connection.
Recognition of Prior Learning
In accordance with the requirements of the Standards for Registered Training Organisations and the National Code, Edna Training College provides the opportunity for students to apply to have their prior learning and experience recognised towards an accredited qualification or units of competence for which they are enrolled in. You may have obtained relevant skills and knowledge through prior formal training, workplace training or experience and may reduce the number of units or assessments required to be completed during the program. We will gather information about your prior experience and training history to determine the best pathway for you to achieve competency. If you are interested in this course and believe you may qualify for course credit, come speak to one of our Student & Administration Support personnel today to find out how we can help you!
We do not believe in our students just learning for the sake of passing their assessments. This is why the assessment structured for this course is conducted using a combination of realistic workplace simulated tasks, projects, written reports and knowledge tests - NO EXAMS! The following provides a brief explanation of the assessment methods that are to be applied: Written Reports. The student is required to produce a range of written records or reports based on real workplace scenarios or based on a case study that is provided by the assessor. This will usually require the student to consider carefully the situation presented, undertake some research to inform their response and then to propose their recommended actions. Practical Tasks. The student is required to demonstrate a range of skills whilst being observed by the assessor. This will usually require the student to consider carefully the situation presented, undertake some research to inform the response, and then demonstrate that they are able to complete the practical tasks through a role-play or presentation activity. The student may be asked to demonstrate a range of skills relevant to the workplace.
Payment Options
Edna Training College accepts payment for course fees through bank transfer or credit / debit card. Fees for this course is payable at enrolment, or if a payment plan is approved, the fees will be payable in accordance with the agreed payment plan. Please ensure you read and understand our Fees and Charges policy prior to enrolling into any of our courses.
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Total Subjects
12 Months
Credit Available
100% Online
Study Method
100% Online
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