Professional accreditation in accounting (Undergraduate)

Description

Completion of an accredited degree is a recognised direct pathway to associate membership into the two major professional accounting bodies in Australia. The Bachelor of Commerce, Bachelor of Commerce and Bachelor of Law, and the Bachelor of Commerce (Liberal Studies) have recently been reaccredited until the end of 2017 by the ICAA and CPA Australia.

Selection and completion of the following units of study are required to cover the foundation core knowledge areas to meet the accreditation requirements for the following degrees:

2014/2015 Requirements for accreditation: Bachelor of Commerce and Bachelor of Commerce (Liberal Studies)

Students in the Bachelor of Commerce, and in the Bachelor of Commerce (Liberal Studies) programs must complete the following units of study to meet the core knowledge areas jointly required by the two major professional accounting bodies in Australia from 2014:

Required knowledge area Subject code Subject's name

Accounting information systems

INFS2001
(includes prerequisite INFS1000)

IS for Performance Improvement
(prerequisite: Digital Business Innovation)

Accounting systems and processes

BUSS1030 AND
ACCT1006

Accounting, Business and Society AND
Accounting and Financial Management

Accounting theory

ACCT2011

Financial Accounting A

Audit and assurance

ACCT3014 #

Auditing and Assurance

Commercial law CLAW1001 Foundations of Business Law
Corporations law CLAW2201 Corporations Law
Economics BUSS1040* OR ECON1001 and ECON1002
Economics for Business Decision Making* OR Introductory Microeconomics and Introductory Macroeconomics
Finance FINC2011 Corporate Finance I
Financial accounting ACCT2011 AND
ACCT3011
Financial Accounting A AND
Financial Accounting B
Management accounting ACCT2012 AND
ACCT3012
Management Accounting A AND
Management Accounting B
Quantitative methods BUSS1020* OR
ECMT1010
Quantitative Business Analysis* OR
Introduction to Economic Statistics (formerly Business and Economic Statistics A)
Taxation CLAW3201# Australian Taxation System

* Students in the Bachelor of Commerce are required to complete BUSS1020 and BUSS1040 as core units to meet their degree requirements.

# Note: CPA Australia allows graduates the option of completing auditing and taxation units as part of their degree at university, or as electives in their professional level studies within the CPA program.

Students are advised to check the CPA Australia and the CAANZ websites for the latest information regarding the requirements.

2014/2015 Requirements for accreditation: Bachelor of Commerce and Bachelor of Laws

Students must complete the following units of study to meet the core knowledge areas required by the two professional accounting bodies for this combined degree program:

Required knowledge area Subject code Subject's name

Accounting information systems

INFS2001
(includes prerequisite INFS1000)

IS for Performance Improvement
(prerequisite: Digital Business Innovation)

Accounting systems and processes

BUSS1030 AND
ACCT1006

Accounting, Business and Society AND
Accounting and Financial Management

Accounting theory

ACCT2011

Financial Accounting A

Audit and assurance

ACCT3014 #

Auditing and Assurance #

Commercial law LAWS1006 AND
LAWS1015

Foundations of Law AND
Contracts

Corporations law LAWS2014 Corporations Law
Economics BUSS1040* OR ECON1001 and ECON1002 Economics for Business Decision Making* OR Introductory Microeconomics and Introductory Macroeconomics
Finance FINC2011 Corporate Finance I
Financial accounting ACCT2011 AND
ACCT3011
Financial Accounting A AND
Financial Accounting B
Management accounting ACCT2012 AND
ACCT3012
Management Accounting A AND
Management Accounting B
Quantitative methods BUSS1020* OR
ECMT1010
Quantitative Business Analysis* OR
Introduction to Economic Statistics (formerly Business and Economic Statistics A)
Taxation LAWS3412 AND
LAWS3409 #

Australian Income Tax AND
Advanced Taxation Law #

* Students in  the Bachelor of Commerce and Bachelor of Laws are required to complete BUSS1020 and BUSS1040 as core units to meet their degree requirements.

# Note: CPA Australia allows graduates the option of completing auditing and taxation units as part of their degree at university, or as electives in their professional level studies within the CPA program.

For offering details of the LAWS units of study contact the Sydney Law School.

Students are advised to check the CPA Australia and the CAANZ websites for the  latest information regarding the 2014 requirements.

Requirements for accreditation for students who commenced study prior to 2014

Students who commenced study prior to 2014 should follow the accreditation requirements for the year they commenced their study. Pre-2014 students should refer to the accreditation requirements in the handbook of the year they commenced study and the website the professional accounting body (see 'Further information' below) for exact unit requirements.

Further information

For further information regarding accreditation with these professional accounting bodies, please refer to the accredited course information on their respective websites:

10596