University of Sydney Handbooks - 2018 Archive

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Professional accreditations

Professional accreditation in accounting

(i) CPA Australia or Chartered Accountants Australia and New Zealand (CAANZ)

Students seeking associate membership of CPA Australia or Chartered Accountants Australia and New Zealand (CAANZ) should complete the Master of Professional Accounting which is accredited by both CPA Australia and CAANZ. However, subject to reaccreditation review due in semester 1 2018, students enrolled in the Master of Commerce can complete some or all of the required units of study covering the professional competency areas to meet the joint accreditation requirements for CPA Australia and/or CAANZ , depending on the area(s) of specialisation and the selection of the required accredited units of study. These accredited units of study are shown under the professional accounting accreditation link in the Accounting Discipline area of the Business School website.

As accredited units are subject to review by the professional accounting bodies, students should check the CAANZ and CPA Australia websites for units accredited in the year they commenced their course.

If required, the Postgraduate Discipline Coordinator for Accounting can put you in touch with the CPA/CAANZ Accounting Accreditation Liaison Officer to provide further advice on professional accounting accreditation.

(ii) Association of Chartered Certified Accountants (ACCA)

Students who complete the Master of Commerce with a specialisation in Accounting are eligible to receive four exam exemptions from the Association of Chartered Certified Accountants (ACCA). Students who complete additional accredited units of study may be eligible for up to five further exemptions.

Further information on ACCA exam exemptions can be found on the ACCA exemptions enquiry database.

Preparation for Chartered Financial Analyst (CFA®) Exams

The learning content offered in the Finance specialisation has considerable overlap with Levels I, II and III of the CFA and assists with preparation for the external CFA exams. The following units of study are especially relevant to students wishing to take the CFA exams:

  • FINC5001 Capital Markets and Corporate Finance
  • FINC6001 Intermediate Corporate Finance
  • FINC6009 Portfolio Theory and its Applications
  • FINC6010 Derivative Securities
  • FINC6014 Fixed Income Securities
  • FINC6017 Mergers and Acquisitions
  • FINC6021 Corporate Valuation
  • FINC6022 Behavioural Finance
  • FINC6023 Financial Risk Management

In addition, it is recommended that students complete the free online learning module, Ethics and Standards of Practice available through the CFA Institute.