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Nationally Recognised RPL Pathway

Diploma of Accounting

FNS50222

You have the experience. Your expertise in financial reporting and tax compliance is a valuable asset that deserves formal recognition. Start with a free skills review today to see how your professional history can be guided into this national qualification.

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★★★★★5.0 · Based on 61 reviews across all qualifications

About This Qualification

This qualification reflects accounting job roles in financial services and other industries, including tax agents, accounts payable and accounts receivable officers, payroll service providers, and employees performing a range of accounting tasks for organisations in a range of industries. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines. Licensing, legislative, regulatory or certification considerations Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements. This qualification includes units that comprise an approved Tax Practitioner Board (TPB) course in Australian taxation law and commercial law, which are relevant for registration as a tax agent. Persons seeking registration with the TPB should check current registration requirements with the TPB, as registration requirements are reviewed regularly.

Qualification Code

FNS50222

Training Package

FNS — Financial Services Training Package

AQF Level

Diploma

Total Units

11 (7 core + 4 elective)

Entry Requirements

Yes

RPL It Status: Available

Important: RPL It Australia is a student support service. All assessment and qualification issuance is conducted by our partner Registered Training Organisations (RTOs). RPL It does not deliver training, conduct assessments, or issue qualifications.

Career Outcomes

According to training.gov.au, this qualification supports the following roles:

RoleResponsibilities
Assistant AccountantPerforming fixed asset accounting, bank reconciliations, and assisting with annual company tax returns.
Finance Sector SupervisorLeading a financial services team while monitoring operational compliance and managing branch operations.
Payroll Service ProviderManaging complex payroll systems and ensuring legislative compliance for diverse workforces.
Accounts Payable/Receivable OfficerAnalysing financial data to evaluate credit risks and coordinating large-scale payment cycles.

Licensing

STATE SPECIFIC

⚠️ Important

Work functions in the accounting sector are subject to regulatory requirements. This qualification includes units relevant for registration as a tax agent with the Tax Practitioner Board (TPB), though the qualification alone does not guarantee registration.

NSWTax Practitioner Board (National)
VICTax Practitioner Board (National)
QLDTax Practitioner Board (National)
WATax Practitioner Board (National)
SATax Practitioner Board (National)
TASTax Practitioner Board (National)
ACTTax Practitioner Board (National)
NTTax Practitioner Board (National)

Delivering Registered Training Organisations

All assessment and qualification issuance for this qualification is carried out by one of the following partner RTOs, each of which holds FNS50222 on their scope of registration with ASQA:

Which RTO will deliver my qualification? The delivering RTO will be confirmed during your skills review and prior to enrolment. Your qualification will be issued directly by the delivering RTO and is nationally recognised under the Australian Qualifications Framework.

Fees

Final pricing will be confirmed before enrolment.

You will receive a detailed, personalised quote — including the total fee, payment terms, interest-free payment plan options, and the name of the delivering RTO — before you are asked to enrol or make any payment.

Refund policy:If RPL It is unable to process your application, you will receive a full refund of any fees paid to RPL It. Once your portfolio has been submitted to the RTO for assessment, the RTO's refund policy applies. Details will be provided before enrolment.

Indicative Timeframes

✓ What we control

  • • Guiding you through evidence gathering
  • • Submitting a complete portfolio to the RTO
  • • Following up on your behalf

⏳ What we don't control

  • • The RTO's assessment workload
  • • The assessor's evaluation timeline
  • • The qualification issuance process

Based on our experience, the majority of RPL candidates receive their qualification within 4–6 weeks of their complete evidence portfolio being submitted to the RTO. Individual timeframes vary based on qualification complexity, evidence completeness, and RTO capacity.

Roles & Responsibilities

RPL It AustraliaDelivering RTO
RoleStudent support serviceRegistered Training Organisation
Initial skills review✅
Evidence gathering guidance✅
Formal assessment✅ Qualified assessors
Assessment judgement✅ Made by the RTO
Gap trainingAvailable if required (delivered by RTO)
Qualification issuance✅ Issued by the RTO
Complaints & appealsOwn complaints process✅ RTO process applies to assessments

RPL It Australia Pty Ltd (ABN 55 689 826 917) is not an RTO and does not deliver training, conduct assessments, or issue qualifications.

Ready to get recognised?

Start with a free skills review to see if your experience aligns with this qualification.

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Receive a free preliminary review of your experience

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Dedicated consultant guides you through every step

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Nationally recognised qualification issued by our partner RTO

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Could RPL Be Right for You?

Experience can be evidence.

RPL is the process that helps you demonstrate it.

Recognition of Prior Learning (RPL) is a formal assessment process that evaluates the skills, knowledge, and experience you've gained through your career to determine whether you meet the requirements of a nationally recognised qualification. It isn't a shortcut — it applies the same assessment standards as any other pathway.

RPL typically involves:

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A review of your work experience against the qualification requirements

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Compilation of an evidence portfolio demonstrating your competency

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Assessment by a qualified assessor from a Registered Training Organisation

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If gaps are identified, targeted training to build on your existing expertise

ℹ️ Important Pathway Advice

RPL isn't the right pathway for everyone. If you don't have substantial, relevant, and current industry experience, a traditional study pathway may serve you better.

Our approach:

“We'd rather guide you to the right pathway than enrol you in the wrong one.”

What Kind of Experience Counts?

If RPL becomes available for this qualification, the types of experience and evidence that would typically be relevant include:

💼

Work History & Roles

  • ✓Detailed resume highlighting accounting and finance roles
  • ✓Position descriptions for assistant accountant or supervisor duties
  • ✓Third-party references from qualified accountants
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Financial Reporting

  • ✓Corporate financial reports and balance sheet reconciliations
  • ✓Profit and loss statements prepared for internal or external use
  • ✓Complex spreadsheets used for financial data analysis
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Taxation & Compliance

  • ✓Documentation for individual tax return preparation
  • ✓BAS and IAS lodgement records and workpapers
  • ✓Internal control procedure manuals and audit logs
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Budgeting & Management

  • ✓Budget models and variance analysis reports
  • ✓Forecast projections and financial performance reviews
  • ✓Records of management accounting advice provided to stakeholders
❓

Not sure if you qualify?

Speak with our team for a free eligibility discussion.

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This is general guidance based on training.gov.au. Specific requirements will be confirmed by the delivering RTO's assessor when RPL becomes available.

Frequently Asked Questions

Everything you need to know about this qualification and RPL.

How do I get started with RPL for this qualification?▾
The process begins with a free skills review to evaluate your accounting experience. If you are well-positioned for recognition, your consultant will guide you in compiling an evidence portfolio, which is then submitted to our partner RTO for formal assessment by a qualified professional.
Is an RPL qualification the same as one from full-time study?▾
Yes. The Diploma of Accounting (FNS50222) issued through RPL is a nationally recognised qualification that meets the same Australian Qualifications Framework (AQF) standards as those earned through traditional study pathways.
How long does the process typically take?▾
Most candidates complete the RPL process within 4 to 6 weeks after their evidence portfolio has been submitted to the RTO. The total timeframe depends on how quickly you can gather your supporting documentation.
Will this qualification help me with Tax Practitioner Board (TPB) registration?▾
The Diploma of Accounting is a key component for those seeking to become registered tax agents or BAS agents. As licensing requirements vary, we recommend checking with the TPB to ensure your specific unit selection aligns with their current registration standards.
What kind of evidence do I need to provide for an accounting RPL?▾
Evidence often includes financial reports, BAS statements, budget analysis documents, audit workpapers, and payroll records. You may also provide position descriptions and references from senior accountants or clients that verify your technical competency.
Are there entry requirements for this Diploma?▾
Yes, this qualification has specific prerequisite units that must be completed before the Diploma can be awarded. During your free skills review, we will determine if your prior studies or work experience satisfy these entry requirements.
Is an RPL qualification the same as one obtained through full-time study?▾
Yes. RPL is a legitimate form of assessment within the Australian VET system. The qualification issued is identical to one obtained through any other mode of delivery and is nationally recognised under the Australian Qualifications Framework.
Who assesses my evidence?▾
Your evidence is assessed by a qualified assessor employed or contracted by the delivering Registered Training Organisation (RTO) — not by RPL It. The assessor holds the credentials required under the 2025 Standards for RTOs and has current industry experience.
What if gaps are identified in my skills?▾
If the assessor identifies areas where your evidence does not fully demonstrate competency, the RTO can provide gap training. The RTO will discuss any associated requirements or costs with you if this becomes necessary. Gap training is targeted to the specific areas identified and is designed to help you meet the full requirements of the qualification.
What if I don’t have enough experience for RPL?▾
If the initial skills review indicates that RPL is not suitable for you at this time, we’ll let you know honestly and discuss alternative options. We would rather direct you to the right pathway than enrol you in a process that won’t lead to a successful outcome.
How long does the RPL process take?▾
Based on our experience, the majority of RPL candidates receive their qualification within 4–6 weeks of their complete evidence portfolio being submitted to the RTO. However, this is an average based on past outcomes — not a guarantee. Factors include qualification complexity, evidence completeness, whether gap training is required, and the RTO’s current assessment capacity.
Can I do this from outside Australia?▾
This depends on the specific qualification. Many qualifications are based on Australian codes, standards, and legislation, and some require access to an Australian workplace for assessment. If you are based outside Australia, please contact us to discuss whether RPL is feasible for your circumstances.

Related Qualifications

Other qualifications in the Financial Services Training Package.

Advanced Diploma

Advanced Diploma of Accounting

FNS60222

Advanced Diploma

Advanced Diploma of Banking Services Management

FNS60622

Advanced Diploma

Advanced Diploma of Financial Licensing Management

FNS60722

Advanced Diploma

Advanced Diploma of Integrated Risk Management

FNS60822

Advanced Diploma

Advanced Diploma of Paraplanning

FNS60920

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