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Professional accreditation in accounting (Undergraduate) pre-2017 continuing students only

Description

CPA Australia and Chartered Accountants of Australia and New Zealand (CAANZ) accreditation

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 re-accredited until the end of 2017 by the CAANZ and CPA Australia. The requirements are set out below as follows:

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 foundation competency areas jointly required by the two major professional accounting bodies in Australia from 2014:

                                   
Competency areas Required unit/s of study

Accounting systems and processes

 
BUSS1030 Accounting, Business and Society AND    ACCT1006 Accounting and Financial Management

Audit and assurance

 
ACCT3014 Auditing and Assurance #
Business law

CLAW1001 Foundations of Business Law AND CLAW2201 Corporations Law

Economics BUSS1040 Economics for Business Decision Making* OR ECON1001 Introductory Microeconomics and ECON1002 Introductory Macroeconomics
Finance and financial management FINC2011 Corporate Finance I
Financial accounting and reporting ACCT2011 Financial Accounting A AND ACCT3011 Financial Accounting B
Information technology INFS2001 IS for Performance Improvement
(students must also complete the prerequisite unit INFS1000 Digital Business Innovation)
Management accounting ACCT2012 Management Accounting A AND    ACCT3012 Management Accounting B
Quantitative methods BUSS1020 Quantitative Business Analysis* OR 
   ECMT1010 Introduction to Economic Statistics
Taxation CLAW3201 Australian Taxation System #

A  further competency area is Ethics which is covered across the curriculum of the program.

* 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. Choice of  units in the accounting specialisation may depend on whether accreditation for  CPA Australia or CAANZ accreditation (or both) is preferred.

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

Bachelor of Commerce and Bachelor of Laws

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

                         
Competency areas Required unit/s of study

Accounting systems and processes

 
BUSS1030 Accounting, Business and Society AND    ACCT1006 Accounting and Financial Management

Audit and assurance

 
ACCT3014 Auditing and Assurance #
Business  law LAWS1006 Foundations of Law AND    LAWS1015 Contracts AND LAWS2014 Corporations Law
Economics BUSS1040 Economics for Business Decision Making* OR ECON1001 Introductory Microeconomics and ECON1002 Introductory Macroeconomics
Finance and financial management FINC2011 Corporate Finance I
Financial accounting and reporting ACCT2011 Financial Accounting A AND  ACCT3011 Financial Accounting B
Accounting information systems INFS2001 IS for Performance Improvement
    (students must also complete the prerequisite unit INFS1000 Digital Business Innovation)
Management accounting ACCT2012 Management Accounting A AND  ACCT3012 Management Accounting B
Quantitative methods BUSS1020 Quantitative Business Analysis* OR  ECMT1010 Introduction to Economic Statistics
Taxation LAWS3412 Australian Income Tax AND LAWS3409 Advanced Taxation Law #

A  further competency area is Ethics which is covered across the curriculum of the program.

* 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.

Please Note. To fulfil the requirements for an Accounting major under the combined Law degree students must complete six senior units: ACCT2011, ACCT2012, ACCT3011, ACCT3012, ACCT3014 and an additional unit selected from those listed under the Accounting major's elective options.

Requirements CPA and CAANZ  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.

Association of Chartered Certified Accountants (ACCA) accreditation

The Bachelor of Commerce (with a major in Accounting) has received renewed accreditation with the global body for professional accountants, the Association of Chartered Certified Accountants (ACCA) until December 2018.

The ACCA will allow four foundation unit exam exemptions for students who have completed the Bachelor of Commerce with a major in Accounting. In addition, students may be eligible for up to a further five specific exam exemptions for the completion of specified units of study in this program. For details of which units of study allow these exemptions, please refer to the ACCA website.

Further information.

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