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All of our courses are available via online learning. We also offer virtual and workshop programs for some courses.


Designed By Industry

Our team regularly meets with key organisations and perform extensive consultations to determine the skills and knowledge they are looking for in their current and future employees.

Informed Experienced Trainers

Our trainers work in the industry so you can be assured all our programs are designed and taught by those that know all the key skills and knowledge you will need to succeed.

FNSSS00014 Accounting Principles Skill Set

The Skill Set is designed to impart a sound understanding of fundamental accounting principles, modern techniques useful in the analysis and interpretation of financial information, together with the learning opportunities surrounding general bookkeeping and accounting, activity statements, payroll and more.

A program ideal for those in accounting and bookkeeping roles who use knowledge of accounting principles to perform a range of analytical tasks in a variety of industries, those aiming to study the Diploma of Accounting and those looking for a CPE activity to update existing skills and knowledge.

The units of competency in this skill set provide credits towards the FNS40217 Certificate IV in Accounting and Bookkeeping. Completion of this Skill Set is one of several options to meet the entry requirement of FNS50217 Diploma of Accounting; and a partial entry requirement for FNS60217 Advanced Diploma of Accounting.


What will I Learn?

This skill set is designed for workers in accounting and bookkeeping job roles who use knowledge of accounting principles to perform a range of analytical tasks in a variety of industries. This Skill Set reflects the roles of workers who perform complex tasks in a variety 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, including relevant legislation and taxation systems. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.

The Skill Set contains Diploma level units which qualifies individuals who apply integrated technical and theoretical concepts in a broad range of contexts to undertake advanced skilled or paraprofessional work and as a pathway for further learning. Graduates at this level will have specialised knowledge and skills for skilled/paraprofessional work and/or further learning and have technical and theoretical knowledge in a specific area or a broad field of work and learning.

Graduates at this level will have a broad range of cognitive, technical and communication skills to select and apply methods and technologies to:

  • analyse information to complete a range of activities
  • provide and transmit solutions to sometimes complex problems
  • transmit information and skills to others.

Graduates at this level will apply knowledge and skills to demonstrate autonomy, judgment and defined responsibility in known or changing contexts and within broad but established parameters and gain technical and theoretical knowledge and concepts, with depth in some areas within a field of work and learning.


Licensing/Regulatory Information

No licensing, legislative, or certification requirements apply to this qualification at the time of publication.

On successful completion of this course, you will gain a nationally recognised Statement of Attainment and earn 14 CPE hours.


Entry requirements

There are no formal requirements applicable to enrolling in the Skill Set. Applicants must however demonstrate they meet the requirements listed below:

  • At least 18 years of age at the time of enrolment
  • Access to a computer and internet connection
  • Good language, literacy & numeracy skills.


How is this course delivered?

You can complete this course online.



We understand that each learner has individual requirements and likes to study at their own pace. We would expect this course to take approximately 6 months to complete.

If you have any questions, please use the Contact Us form to the right or you can contact our friendly Admin Team on 02966 07221.


Enrol Now for Online Learning

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Enrol into our online program for;


* RPL price on application (pending number of units applying for RPL)

Please note fees are charged per annum and are GST exempt. Please see HERE for information on further fees that may be applicable.
Qualification Units

The units below are included in the Skill Set:

Core Units (7)

  • BSBFIA401 Prepare financial reports
  • FNSACC311 Process financial transactions and extract interim reports
  • FNSACC312 Administer subsidiary accounts and ledgers
  • FNSACC408 Work effectively in the accounting and bookkeeping industry
  • FNSACC416 Set up and operate a computerised accounting system
  • FNSTPB401 Complete business activity and installment activity statements
  • FNSTPB402 Establish and maintain payroll systems

*RPL opportunities is not available on this skill set. 

Course Features
  • Study anywhere, anytime
  • User-friendly learning management system
  • Course content and assessments are all online and available 24/7
  • Accreditation ensures that our courses meet established industry needs
  • Assessment are marked within 10 business days
  • No classroom attendance, no travel expenses
  • Trainer and administration support throughout
  • Designated course coordinator with regular contact to help you keep motivated and on track
  • Certificates are issued within 21 days of course completion
  • No hidden fees
Enrolment Process

Once you enrol through the online link above, please be advised that your enrolment will be processed by ISM within 1 business day.

An email with instructions will be sent to you regarding invoice and eLearning details.

Please note: Log on details will only be released once initial payment is received (unless prior arrangements with your organisation). 

It may take up to 2 – 3 business days for you to commence your program.

How are our courses delivered?

At ISM, our courses are offered in both online and workshop formats.

Workshops are limited and based on demand. Contact us on 1300 200 705 if you are interested in completing this course in a workshop.

Assessment Information

Assessments for this course will be provided on your learner portal, which is accessible via Desktop, tablet or mobile.

These assessments vary depending on the unit within the qualification and can include the following:

  • Quizzes
  • Written tasks and/or case studies.
  • Verbal assessment, by way of an interview with your trainer
  • Observation by a trainer
  • Supervisor checklists

To find out more information about assessments and completion requirements, you can contact us here.

Technology Required

To enable completion of this qualification you will require an internet connection to access learning materials and assessments via ISM’s eLearning Portal. 

All materials are online and can be accessed via the ISM e-learning portal.

Our system works best with the following browsers: Safari, Chrome, Firefox, and Internet Explorer 11.

Some assessments may require you to record using a device (such as a smartphone) and submit via our eLearning portal.

To find out more about assessments and completion requirements, you can contact us here.