Diploma of Business (BSB50120)

For Business Owners & Entrepreneurs
Student Handbook About FMIA

Course Outline

This qualification would apply to individuals with various job titles including executive officers, program consultants and program coordinators. Individuals in these roles may possess substantial experience in a range of settings but seek to further develop their skills across a wide range of business functions.

Conversely, it may also apply to those with little or no vocational experience, but who possess sound theoretical business skills and knowledge that they would like to develop in order to create further educational and employment opportunities.

More information is available via the My Skills Website:

Entry Requirements

There are no per-requisites to enter this training program. However, FMIA screen students according to the following criteria:

  • Must be at least 18 years old
  • Must have sound Language and Literacy skills (Satisfactorily completed Australian Year 12 or equivalent)
  • Must have basic computer skills to operate and access online documents.

Previous experience in Business is not required but will be very beneficial.

Course Details

Course Duration

The Diploma of Business is offered over 12 months, equating to 52 weeks, including 4 weeks holidays. You will receive an orientation from your trainer within one week of your enrolment.

Course Structure

Core Units

Course Code Title
BSBCRT511 Develop critical thinking in others
BSBFIN501 Manage budgets and financial plans
BSBOPS501 Manage business resources
BSBSUS511 Develop workplace policies and procedures for sustainability
BSBXCM501 Lead communication in the workplace


 Course Code Title Elective Group
BSBLDR411 Demonstrate leadership in the workplace External
BSBLDR523 Lead and manage effective workplace relationships E/B
BSBSTR502 Facilitate continuous improvement E/C
BSBPMG430 Undertake Project Work E/A
BSBTEC404 Use digital technologies to collaborate in a work environment E/F
BSBTWK401 Build and maintain business relationships E/E
BSBPMG530 Manage project scope E/A



FMIA will ensure students have access to a range of resources as required in the units and training package which include:

  • BSB50120 learning and assessment suite, which is made available in hard copy and through student portal and includes:
    • Learner Guides for each unit of competency;
    • Assessment Workbooks for each subject;
    • Templates for Projects and other activities;
    • Simulated business resources to provide students with simulated assessment pathways;
    • Workplace equipment and resources relevant to performance evidence
    • Relevant legislation, regulations, standards and codes
    • Relevant organisational policies and procedures
    • Workplace documentation and resources:
      • Communication goals
      • Workplace relationships
      • Management of project scope
      • Performance management system
      • Customer relations management system
      • Workplace budgets and financial plans
      • Examples of feedback from project stakeholders regarding management of project scope
      • Corporate sustainability legislation, regulations, standards and codes
      • Organisational documentation on sustainability and sustainable practices

Students to prepare access to:

  • Computer/laptop with relevant software such as, but not limited to, the following:
    • Internet access through Google Chrome
    • MS Word and PowerPoint
    • Adobe Acrobat Reader
  • video recording equipment (e.g. mobile phone or video recorder) to record roleplay activities and presentations. 
  • At least five (5) people to participate in various assessment activities including meetings, role plays, and providing feedback


Assessment is competency based. Students are required to complete written and practical tasks, which reflect the requirements of the units of competency and current workplace practices. Assessment is continuous throughout the duration of the course. Completed and submitted work will be assessed within ten (10) working days and feedback provided to the student as soon as possible thereafter. Where the student’s work is assessed to be not yet satisfactory, he/she will be provided with additional advice, coaching or tutoring and the opportunity to re-submit the work with a view to having it assessed as satisfactory.

Feedback and information regarding the student’s competency, progress and study will be provided by the facilitator on a regular and ongoing basis. Ongoing support is also available to all learners and will be provided as soon as a need is identified.

Delivery and Assessment arrangements

Total number of units of competency (subjects) required to receive this qualification is 12, comprising of 7 elective units.

The components for this course, delivery and assessment, will be delivered online via the Student Portal.

Course Completion & Outcomes

Students obtaining a ‘competent’ result for all listed competencies will be issued, by the RTO, a nationally recognised award for the Diploma of Business. The RTO will issue the Certification within 30 days of the student being deemed competent in all units they are enrolled in. Students, who do not complete the required 12 units of competency to achieve the Diploma, will receive a Statement of Attainment for those units that they have successfully completed.

Student Support

To maximise the chance of students successfully completing their training, FMIA will identify any support individual students need prior to their enrolment and provide access to that support throughout their training. This will be done using both the Enrolment Form, and a Pre-Enrolment Form, that students are required to fill in. The aim of both documents is to provide any support that may be required. This could include: Language, Literacy and Numeracy (LLN) support Assistive Technology Additional Tutorials, and / or Other mechanisms, such as assistance in using technology for online delivery components. Where this support attracts an additional cost to the student, the RTO will make this clear prior to accepting the student’s enrolment. If there are limitations to the support your RTO is able to provide, these limitations will be made clear in information provided to a potential student.

Where the RTO identifies required support, such as literacy or numeracy, English or other language barriers or physical capabilities, and it cannot provide such support directly, it will refer the student to a third party. The costs of such third-party support will the responsibility of the individual.

Where the RTO is not capable of offering an environment suitable for the needs of a student with specific identified needs, it will inform them accordingly and may direct the student to a provider that can, and thus will not process their enrolment.

Fees and charges

Total Course Fee is AUD $3,500 comprising:

Enrolment Fee $200
Tuition Fee $3,300

Payment schedule

Initial deposit of $1,500 to be paid upfront upon enrolment. Remaining balance to be paid through monthly installments of $181.82 for eleven months or prior to course completion whichever is earlier.

Prior and existing Skills


Financial Markets Institute of Australia has an RPL process in place which is discussed in detail in the RTO’s Recognition Policy and Procedure.

Prospective students are informed of the RPL Policy and procedures prior to enrolment in the course and through a variety of means, including:

  • Pre-enrolment interview;
  • Enrolment form;
  • Student handbook;
  • Website

It is important that you inform and advise the RTO, prior to enrolment, about any existing
skills and prior knowledge and education, to ensure they can provide you with the
appropriate structure and support during the course.

Credit Transfer and Recognition of prior learning (RPL)

Credit transfer is available for completed past studies in areas related to the qualification that participants plan to enrol in. Participants are advised of the process of applying for credit transfer and assisted by the Trainer / Assessor to apply.

Candidates who believe they have already obtained current skills and knowledge that would otherwise be covered in the qualification / unit of competence for which they intend to attain, but have no formal prior learning, should apply for RPL at the time of enrolment. The candidate’s skills and knowledge will be assessed and validated, and where appropriate, units of competency acknowledged, and face-to-face training reduced.

Pathways to Further Study / Career Opportunities

Possible occupational outcomes for BSB50120 – Diploma of Business, together with pathways between qualifications* are:

  • BSB60120 Advanced Diploma of Business
  • BSB50420 Diploma of Leadership and Management
  • BSB50820 Diploma of Project Management

Successful completion of this course may also lead to roles such as:

  • Executive Officer
  • Business Development Manager
  • Program Consultant
  • Program Coordinator
  • Office Manager

*Qualifications listed in this section are not offered by Financial Markets Institute of Australia

Additional Information

Please read the Student Handbook prior to enrolment as this contains valuable information about FMIA. For further information, please contact FMIA online here or call us on +61 (02) 6658 1400.

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