The degree programs offered by the Australian School of Business at the University of New South Wales are recognised by the following professional organisations in accordance with the details set out below.

Australian Computer Society (ACS)
Australian Human Resource Institute (AHRI)
Australian Market and Social Research Society (AMSRS)
Australian Securities and Investment Commission (ASIC)
CPA Australia
Financial Services Institute of Australasia (FINSIA)
The Institute of Actuaries of Australia
The Institute of Chartered Accountants in Australia (ICAA)

As professional accreditation requirements do change from time to time, you are advised to contact the individual organisation concerned for current requirements.

The following qualifications in Information Systems have been accredited by Australian Computer Society (ACS) for its provisional membership at the Professional Level.

Bachelor of Commerce (Information Systems)
The basis of accreditation is satisfactory completion of the following core courses:

Plus:

Satisfactory completion of at least another 24 UOC in Level 2 or 3 courses in Information Systems with a minimum of 12 UOC at Level 3

Satisfying the full requirements for completion of the program

Bachelor of Commerce (Information Systems and Management)
The basis of accreditation is satisfactory completion of the following core courses:

Plus:

Satisfactory completion of at least another 12 UOC in Information Systems courses at Honours level.

Satisfactory completion of at least another 18 UOC in Level 3 or 4 courses in Information Systems.

Satisfying the full requirements for completion of the program.

Bachelor of Science (Information Systems)
The basis of accreditation is satisfactory completion of the following core courses:

Plus:

Satisfactory completion of at least another 12 UOC in Information Systems with a minimum of 6 UOC at Level 3

Satisfying the full requirements for completion of the program.

Bachelor of Science (Business Information Technology)
The basis of accreditation is satisfactory completion of the following core courses:

Plus:

Satisfactory completion of at least another 12 UOC in Information Systems with a minimum of 6 UOC at Level 3

Satisfactory completion of at least another 42 UOC in Information Systems courses with a minimum of 6 UOC at Honours level.

Satisfying the full requirements for completion of the program.

Further information on membership grades and membership benefits can be found on ACS website www.acs.org.au

The following qualifications in Human Resource Management have been accredited by the National Accreditation Committee (NAC) of the Australian Human Resources Institute for its membership program.

Accreditation is granted for a period of three years. Further information on membership and membership benefits can be found on AHRI website www.ahri.com.au.

Undergraduate students majoring in Marketing are able to obtain the Certificate of Market Research if they successfully complete a number of approved courses. The Certificate of Market Research from The Australian Market and Social Research Society (AMSRS) is widely recognised by government and industry as a measure of competence in market research.

To qualify for the Certificate, students must complete and pass the following courses:

Students who have successfully completed the required courses must complete the application form which is available from the AMSRS website www.amsrs.com.au

The Bachelor of Commerce (Finance) program has been approved by the Australian Securities and investment Commission (ASIC) authorised assessors as meeting ASIC’s training requirements in relation to RG146 Tier 1 qualification in the following specialist knowledge areas:

Financial Planning

General insurance

Generic Knowledge

Life Insurance

Managed Investments

Securities

Skills

Superannuation

For ASIC compliance against the stated specialist knowledge areas, students must complete the following courses:

Accreditation of FINS courses with ASIC (RG146) and the Financial Planning Association will further assist graduates to find employment and begin the path to achieving Certified Financial Planner (CFP) status.

Further information on becoming a CFP professional can be found on FPA website www.fpa.asn.au

CPA Australia has accepted UNSW as an approved tertiary institution for the purpose of its membership qualifications.

Associate membership of CPA Australia requires the minimum qualification of an accredited undergraduate degree with a major in accounting, and completion of accredited courses in accounting, finance and business areas to satisfy the minimum core knowledge (see below).

If you are unable to fit these courses in as part of your degree requirements, you may wish to enrol in additional classes as non-award.

Students seeking professional recognition are advised to confirm membership requirements with CPA Australia www.cpacareers.com.au

Core courses to meet undergraduate requirements

* The Honours equivalent of ACCT3563, ACCT3583 and ACCT3708 may be substituted for these courses
* It is no longer mandatory to include ACCT3708 (or ACCT3718) and LEGT2751 but it is desirable to do so.

Students undertaking the combined Bachelor of Commerce/Bachelor of Laws programs
Students undertaking the combined Bachelor of Commerce/Bachelor of Laws programs should substitute the following six courses for the four LEGT courses listed above.

In addition, CPA requires a further completion of ONE of the following three courses:

Business graduates may be eligible for associate membership with FINSIA. While an Economics/Commerce degree is not specifically required for membership, such a degree would facilitate employment in the financial services industry, which is a primary requirement for admission to membership.

Students are encouraged to seek further information from the FINSIA website

The UNSW actuarial program is fully accredited by the Institute of Actuaries of Australia and recognised for exemptions by the Institute of Actuaries (London) for the Core Technical subjects. To qualify as an actuary in Australia requires the completion of, or exemption from, subjects in the professional syllabus of the Institute of Actuaries of Australia.

Qualification as an Associate of the Institute of Actuaries of Australia (AIAA) is attained on completion of the courses in Parts I and II. Qualification as a Fellow of the Institute of Actuaries of Australia (FIAA) requires the completion of subjects in Parts I, II and III of the professional actuarial examinations.
Part I is covered by the relevant subjects in the actuarial disciplinary stream within the Bachelor of Commerce.
Part II is studied in an honours year or 4th year of a combined degree program or after graduating and is made up of a full year subject which covers actuarial principles and actuarial practice.
Part III consists of modules completed by distance education through The Institute of Actuaries of Australia usually on a part-time basis after completing the Part I and Part II subjects.
The following courses at UNSW correspond to the Part I and Part II subjects of the IAAust professional examinations:

Entry Requirements

Part I
Students intending to enter the actuarial profession should normally have completed 4-unit mathematics or obtained a high mark in 3-unit mathematics and should be aiming to obtain at least an average 70% mark in their University studies. Experience has shown that the higher your UAI or equivalent, the better your chances of success in meeting the standard for exemption from the professional actuarial examinations (95 and above is recommended).

It is recommended that students who intend to complete all of the Part I professional actuarial subjects enrol in MATH1151 Mathematics for Actuarial Studies and Finance 1A and MATH1251 Mathematics for Actuarial Studies and Finance 1B in Year 1.

For students completing a combined BSc/ BCom degree, MATH2801 Theory of Statistics and MATH2831 Linear Models may also satisfy exemption requirements for Subject 101.

Part II
The requirements are:

completed all Part I courses with exemptions or

have a minimum average mark in the ACTL courses of 70% and 3 months relevant work experience and normally only 1 or 2 Part I courses to complete

New Exemption requirements for CT2 & CT7 for Undergraduate Students
The Institute of Actuaries of Australia approved changes to the exemption requirements for UNSW courses in the Actuarial major. For students who commenced the Actuarial major in 2006 the changed exemption courses are:

CT7 Economics
ECON1101 Microeconomics and ECON1102 Macroeconomics 1 (minimum 65% average required)

CT2 Finance and Financial Reporting
FINS1613 Business Finance, ACCT1501 Accounting & Financial Mgt 1A and ACCT1511 Accounting & Financial Mgt 1B (minimum 65% average required)

Transition arrangements for current students apply.
Students completing requirements for an Actuarial Major in 2006 and 2007 will be considered under both old and new requirements for CT2 and CT7 exemption. Exemption recommendations will be based on the highest average grade under the two requirements. Students completing the major in 2008 or later will have the new requirements apply.

Other Professional Recognition
The Faculty of Actuaries and the Institute of Actuaries in the UK offer exemptions from the equivalent subjects in their syllabus if students have obtained exemption through the Institute of Actuaries of Australia. This covers only Part I subjects. However, Fellows of the Institute of Actuaries of Australia can obtain Fellowship of the Institute of Actuaries (London) if they wish to practice in the UK or Europe.

Students who have completed an actuarial studies major and obtained exemptions from the Part I subjects of the Institute of Actuaries of Australia can apply for waivers of some of the examinations of the Society of Actuaries (North America). Fellows of the Institute of Actuaries of Australia can apply for admission as an Associate of the Society of Actuaries if they wish to practise in North America.

Fellowship of the Institute of Actuaries of Australia (FIAA) is recognised by local actuarial societies in Hong Kong, Singapore, Malaysia, New Zealand and Japan. The actuarial societies in Hong Kong, Singapore and Malaysia do not conduct their own examinations. For more information, please go to Institute's website www.actuaries.asn.au

Graduates who have completed an accredited undergraduate degree with a major in accounting are eligible under the Institute's admission requirements to enter the ‘CA Program’ leading to membership, provided they have completed accredited courses in the core knowledge of Financial Accounting and Reporting, Taxation, Audit and Assurance, and Management Accounting and Analysis (see below).

If you are unable to fit these courses in as part of your degree requirements, you may wish to enrol in additional classes as non-award.

Graduates are advised to confirm academic entry requirements for the ‘CA Program’ with ICAA www.charteredaccountants.com.au

Core courses to meet undergraduate requirements

* The Honours equivalent of ACCT3563, ACCT3583 and ACCT3708 may be substituted for these courses
* It is no longer mandatory to include ACCT3708 (or ACCT3718) and LEGT2751 but it is desirable to do so.

Students undertaking the combined Bachelor of Commerce/Bachelor of Laws programs

Students undertaking the combined Bachelor of Commerce/Bachelor of Laws programs should substitute the following six courses for the four LEGT courses listed above.

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