Accounting and Bookkeeping

This qualification reflects the project functions of workers in the accounting business, including BAS Agents and contract bookkeepers; rather than those employees performing accounting tasks for organisations in a range of industries. It includes lodging and preparing business and instalment activity statements, and providing advice or addressing the Commissioner on behalf of a citizen in relation to activity statements. Individuals in those functions apply theoretical and specialist knowledge and skills to work peacefully, and exercise decision in completing regular and non-routine activities.Licensing/Regulatory InformationWork functions from the occupational areas where this eligibility may be utilized are susceptible to regulatory conditions. Check with this FNS Financial Services Training Package Companion Volume Implementation Guide or the appropriate ruler for specific help with requirements.Persons giving a small business activity statement (BAS) service for a commission or other reward must be registered by the Tax Practitioners Board (TPB) and also this eligibility is currently cited as meeting the TPB education requirements for registration. Other states apply, including a designated period of experience. Persons searching BAS broker registration should check current registration conditions with the TPB, as registration requirements are assessed regularly.

The Accounting and Bookkeeping program at Acumen Institute of Further Education is designed to equip students with comprehensive knowledge and practical skills in the fields of financial recording, analysis, and management. This program provides a solid foundation in the principles of accounting, enabling students to understand the core concepts of financial statements, ledger management, and budgeting processes. Throughout the course, students will explore various accounting methods, learn how to prepare and interpret balance sheets, income statements, and cash flow statements, and develop the ability to analyze financial data effectively.

The curriculum emphasizes practical application, offering hands-on training with industry-standard accounting software and tools, which prepares students for real-world scenarios. Students will gain insights into bookkeeping practices, payroll management, and taxation procedures, ensuring they are well-versed in the regulatory environment affecting financial operations. The program also covers key areas such as ethics in accounting, internal controls, and audit procedures, fostering a professional approach to financial management and compliance.

Using case studies and interactive simulations, learners will enhance their problem-solving skills and develop a keen eye for detail—an essential trait for careers in accounting firms, finance departments, and consultancy services. Our experienced instructors bring industry expertise and academic rigor, guiding students through complex concepts with clarity and support.

Graduates of this program will be well-prepared for entry-level positions in bookkeeping, accounting assistance, or further professional certifications. They will also have the foundational knowledge necessary for continued education in accounting or financial management fields. Whether aiming to start a career or enhance existing skills, students will find this program a valuable step toward becoming competent and ethical accounting professionals.

Program requirements for the Accounting and Bookkeeping program at Acumen Institute of Further Education include a strong foundational knowledge in financial principles, mathematics, and business operations. Applicants are typically expected to possess a secondary school diploma or equivalent, with a good academic record in relevant subjects such as mathematics, economics, or business studies. Proficiency in English is required, demonstrated through standardized tests or prior education in English-taught courses. Some programs may require applicants to submit a personal statement outlining their interest in accounting and bookkeeping, as well as relevant experience or aspirations. Work experience in a financial environment can be advantageous but is not always mandatory. Candidates may also need to undergo an interview or aptitude assessment to evaluate their motivation and suitability for the program.

Admission procedures generally involve completing an application form, providing academic transcripts and certificates, and paying applicable application fees. International students might need to provide additional documentation such as a student visa or proof of financial capability to support their stay during the course duration. The curriculum of the program is designed to provide students with practical skills in recording financial transactions, preparing financial statements, understanding taxation, and using accounting software. The program emphasizes both theoretical understanding and practical application, preparing graduates for careers in bookkeeping, accounting assistance, and entry-level accounting roles. Some courses may require students to complete internships or work placements to gain real-world experience.

To successfully complete the program, students usually need to pass all assessments and coursework standards set by the university. Continuous assessment methods include written exams, practical assignments, group projects, and presentations. Additionally, participation in seminars and workshops is encouraged to deepen understanding and stay updated with current accounting practices and regulations. Graduates of the program should be equipped with the necessary skills to analyze financial data, ensure compliance with legal and regulatory requirements, and effectively utilize accounting software tools such as QuickBooks or Sage. Overall, the program aims to prepare students for professional certification exams, such as the ACCA or other local accounting qualifications, to support their career advancement in the accounting and bookkeeping fields.

Tuition fees for the Accounting and Bookkeeping program at the Acumen Institute of Further Education are structured to be accessible and competitive within the industry. The total cost for international students is approximately $5,000 per academic year, payable in installments or as a lump sum. Domestic students benefit from reduced fees, amounting to around $3,000 annually. The institute offers various financial assistance options, including scholarships based on academic merit and need-based grants, which can significantly offset the cost of study. Additionally, students may be eligible for government-funded financial aid programs designed to support further education in specialized fields such as accounting and bookkeeping.

The institute strongly encourages prospective students to explore options for external funding, including bank loans and sponsorships from various organizations. Payment plans are flexible, allowing students to spread the tuition fee over multiple installments throughout the academic calendar, thus easing financial burden. For students enrolled in full-time studies, there are also work-study opportunities on campus that allow earning while learning, further assisting with tuition costs and living expenses.

Financial planning is recommended before enrollment, and the admissions office provides advice and resources to help students understand the full scope of potential costs and available financial support. The institute places high importance on making quality education accessible and affordable, thus continuously updating financial aid offerings. As part of the program, students are also equipped with basic financial literacy to manage personal budgets during their studies effectively.

International students should also budget for additional expenses such as accommodation, textbooks, supplies, health insurance, and living costs, which are estimated to be around $10,000 per year depending on lifestyle and location. The institute's finance department provides detailed cost estimates and guidance on managing educational expenses. Overall, the financing options for the Accounting and Bookkeeping program at Acumen Institute of Further Education are designed to support students financially, ensuring they can focus on their studies without undue economic hardship.

The Accounting and Bookkeeping program at Acumen Institute of Further Education provides students with comprehensive training in financial record-keeping, accounting principles, and related business skills. This program is designed to equip students with the knowledge and practical abilities necessary to manage financial documents, prepare accurate financial statements, and ensure compliance with relevant regulations. Throughout the course, students will learn core concepts such as double-entry bookkeeping, financial analysis, budgeting, and payroll management, enabling them to support various accounting functions within organizations.

The curriculum also emphasizes the development of essential soft skills, including attention to detail, analytical thinking, and effective communication, which are vital for success in the accounting field. Students will gain hands-on experience with industry-standard accounting software, enhancing their employability and readiness to enter the workforce or pursue further qualifications. The program aims to prepare graduates for roles such as bookkeeper, accounting assistant, or accounts clerk across various sectors, including small businesses, large corporations, and non-profit organizations.

In addition, the program offers insights into the legal and ethical aspects of accounting and bookkeeping, ensuring that students understand their responsibilities regarding financial integrity and confidentiality. The instructional approach combines theoretical coursework with practical assignments, case studies, and real-world simulations to reinforce learning and build confidence. Graduates who complete the program often find employment opportunities promptly due to their well-rounded skill set and the high demand for accounting support staff in many industries.

Acumen Institute of Further Education also provides career guidance services and opportunities for internships, allowing students to gain workplace experience and make professional connections. The program duration typically spans several months, depending on the chosen study pathway, with flexible scheduling options for part-time or full-time enrollment. Upon successful completion, students receive a certification that validates their expertise and enhances their job prospects in the accounting sector. The institute continuously updates its curriculum to reflect current industry standards and regulatory changes, ensuring that students graduate with relevant and up-to-date knowledge.