Professional Recognition of Programs
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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 Securities and Investment Commission (ASIC)
CPA Australia
Financial Services Institute of Australasia (FINSIA)
Institute of Chartered Accountants in Australia (ICAA)
Institute of Public Accountants (IPA)
The Institute of Actuaries of Australia
As professional accreditation requirements do change from time to time, you are advised to contact the individual organisation concerned for current requirements.
Australian Human Resource Institute (AHRI)
Australian Securities and Investment Commission (ASIC)
CPA Australia
Financial Services Institute of Australasia (FINSIA)
Institute of Chartered Accountants in Australia (ICAA)
Institute of Public Accountants (IPA)
The Institute of Actuaries of Australia
As professional accreditation requirements do change from time to time, you are advised to contact the individual organisation concerned for current requirements.
Australian Computer Society (ACS)
The following qualifications in Information Systems have been accredited by Australian Computer Society (ACS) for its provisional membership at the Professional Level.
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Course
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Campus
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Final Year of Accreditation
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Level Accredited
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Bachelor of Commerce (Co-op)
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Kensington Campus
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2013
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Professional
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Bachelor of Commerce (Information Systems)
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Kensington Campus
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2013
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Professional
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Bachelor of Information Systems
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Kensington Campus
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2013
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Professional
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Bachelor of Information Systems (Co-op)
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Kensington Campus
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2013
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Professional
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Conditions of Accreditation
The course is accredited as a whole course and the accreditation may not extend to when undertaken by students who are granted advanced standing, credit(s) or exemption(s) by the institution. A course undertaken by a student granted advanced standing, credit(s) or exemption(s) will only be regarded as the accredited course where, in the opinion of the Society, credit(s) or exemption(s) are given for equivalent subjects (particularly in terms of Information Technology content) taken at an equivalent educational level in a institution of equivalent academic standing.
Further information regarding the specific requirements regarding the accredited courses is available from the School of Information Systems.
The course is accredited as a whole course and the accreditation may not extend to when undertaken by students who are granted advanced standing, credit(s) or exemption(s) by the institution. A course undertaken by a student granted advanced standing, credit(s) or exemption(s) will only be regarded as the accredited course where, in the opinion of the Society, credit(s) or exemption(s) are given for equivalent subjects (particularly in terms of Information Technology content) taken at an equivalent educational level in a institution of equivalent academic standing.
Further information regarding the specific requirements regarding the accredited courses is available from the School of Information Systems.
Australian Human Resource Institute (AHRI)
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.
- Bachelor of Commerce major in Human Resources Management
- Bachelor of Economics major in Human Resources Management
- Combined Business programs major in Human Resources Management
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.
Australian Securities and Investment Commission (ASIC)
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:
For ASIC compliance against the stated specialist knowledge areas, students must complete the following courses:
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- FINS1612 Capital Markets & Institution (Capital Markets and Institutions UOC)
- FINS2624 Portfolio Mgmt (Portfolio Management UOC)
- FINS2643 Wealth Management (Wealth Management UOC)
- FINS3637 Wealth Mgmt Advice (Wealth Management Advice UOC)
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
Further information on becoming a CFP professional can be found on FPA website www.fpa.asn.au
CPA Australia has accepted specific UNSW undergraduate courses 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 requirements. See lists of approved courses.
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 may confirm academic entry requirements for the CPA Program with CPA Australia at www.cpaaustralia.com.au
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 may confirm academic entry requirements for the CPA Program with CPA Australia at www.cpaaustralia.com.au
Summary of Required Courses:
- ACCT1501 Accounting & Financial Mgt 1A (Accounting and Financial Management 1A UOC)
- ACCT1511 Accounting & Financial Mgt 1B (Accounting and Financial Management 1B UOC)
- ACCT2522 Management Accounting 1 (Management Accounting 1 UOC)
- ACCT2542 Corporate Financial Reporting (Corporate Financial Reporting and Analysis UOC)
- ACCT3563 Issues in Financial Reporting (Issues in Financial Reporting and Analysis UOC)
- ACCT3583 Management Accounting 2 (Management Accounting 2 UOC)
- ACCT3708 Auditing & Assurance Services (Auditing and Assurance Services UOC)
- ECON1101 Microeconomics 1 (Microeconomics 1 UOC)
- ECON1102 Macroeconomics 1 (Macroeconomics 1 UOC)
- ECON1203 Business & Economic Statistics (Business and Economic Statistics UOC)
- FINS1613 Business Finance (Business Finance UOC)
- INFS1602 Info Systems in Business (Information Systems in Business UOC)
- LEGT1710 Business and the Law (Business and the Law UOC)
- LEGT2741 Business Entities (Business Entities UOC)
- LEGT2751 Business Taxation (Business Taxation UOC)
Notes
- MATH1151 Mathematics for Actuarial Studies and Finance 1A may be substituted for ECON1203
- The Honours equivalents of ACCT3563, ACCT3583 and ACCT3708 may be substituted, namely: ACCT3573, ACCT3593 and ACCT3718.
- It is no longer mandatory to include ACCT3708 (or ACCT3718) and LEGT2751 but it is desirable to do so. Otherwise Auditing and Taxation must be completed in the CPA Program.
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 four courses for LEGT1710 and LEGT2741 listed above.
- LAWS1052 Introducing Law & Justice (Introducing Law & Justice UOC)
- LAWS1075 Contracts (Contracts UOC)
- LAWS1091 Business Associations (Business Associations UOC)
- LAWS1150 Principles of Private Law (Principles of Private Law UOC)
In addition, BCom/LLB Students need to complete LEGT2751 or:
- LAWS3058 Business Entity Taxation (Business Entity Taxation UOC)
- LAWS3147 Elements of Income Tax Law (Elements of Income Tax Law UOC)
Financial Services Institute of Australasia (FINSIA)
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
Students are encouraged to seek further information from the FINSIA website
Institute of Chartered Accountants in Australia (ICAA)
Graduates who have completed an undergraduate degree with a major in accounting are eligible under the Institute's admission requirements to enter the ‘Chartered Accountants Program’ leading to membership, provided they have completed accredited courses in the core knowledge areas. See lists of approved courses.
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 may confirm academic entry requirements for the ‘Chartered Accountants Program’ with ICAA at www.charteredaccountants.com.au
Summary of Required Courses:
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 may confirm academic entry requirements for the ‘Chartered Accountants Program’ with ICAA at www.charteredaccountants.com.au
Summary of Required Courses:
- ACCT1501 Accounting & Financial Mgt 1A (Accounting and Financial Management 1A UOC)
- ACCT1511 Accounting & Financial Mgt 1B (Accounting and Financial Management 1B UOC)
- ACCT2522 Management Accounting 1 (Management Accounting 1 UOC)
- ACCT2542 Corporate Financial Reporting (Corporate Financial Reporting and Analysis UOC)
- ACCT3563 Issues in Financial Reporting (Issues in Financial Reporting and Analysis UOC)
- ACCT3583 Management Accounting 2 (Management Accounting 2 UOC)
- ACCT3708 Auditing & Assurance Services (Auditing and Assurance Services UOC)
- ECON1101 Microeconomics 1 (Microeconomics 1 UOC)
- ECON1102 Macroeconomics 1 (Macroeconomics 1 UOC)
- ECON1203 Business & Economic Statistics (Business and Economic Statistics UOC)
- FINS1613 Business Finance (Business Finance UOC)
- INFS1602 Info Systems in Business (Information Systems in Business UOC)
- LEGT1710 Business and the Law (Business and the Law UOC)
- LEGT2741 Business Entities (Business Entities UOC)
- LEGT2751 Business Taxation (Business Taxation UOC)
Notes
1. MATH1151 Mathematics for Actuarial Studies and Finance 1A may be substituted for ECON1203.
2. The Honours equivalents of ACCT3563, ACCT3583 and ACCT3708 may be substituted, namely: ACCT3573, ACCT3593 and ACCT3718.
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 four courses for the LEGT1710 and LEGT 2741 listed above.
1. MATH1151 Mathematics for Actuarial Studies and Finance 1A may be substituted for ECON1203.
2. The Honours equivalents of ACCT3563, ACCT3583 and ACCT3708 may be substituted, namely: ACCT3573, ACCT3593 and ACCT3718.
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 four courses for the LEGT1710 and LEGT 2741 listed above.
- LAWS1052 Introducing Law & Justice (Introducing Law & Justice UOC)
- LAWS1075 Contracts (Contracts UOC)
- LAWS1091 Business Associations (Business Associations UOC)
- LAWS1150 Principles of Private Law (Principles of Private Law UOC)
In addition, BCom/LLB Students need to complete LEGT2751 or
- LAWS3058 Business Entity Taxation (Business Entity Taxation UOC)
- LAWS3147 Elements of Income Tax Law (Elements of Income Tax Law UOC)
Institute of Public Accountants (IPA)
The Institute of Public Accountants (IPA) has approved UNSW for the purpose of its membership qualifications.
Associate membership of IPA may be obtained with the qualification of an accredited undergraduate degree with a major in accounting, and completion of courses in accounting, finance and business areas to satisfy the minimum core knowledge requirements.
IPA does not have a list of individual courses for completion at particular institutions. The body prefers to assess individual programs with reference to the educational standards of the International Federation of Accountants (IFAC). However, if students complete the requirements for CPA Australia or ICAA, they should meet the IFAC standards. See lists of approved courses.
Associate membership of IPA may be obtained with the qualification of an accredited undergraduate degree with a major in accounting, and completion of courses in accounting, finance and business areas to satisfy the minimum core knowledge requirements.
IPA does not have a list of individual courses for completion at particular institutions. The body prefers to assess individual programs with reference to the educational standards of the International Federation of Accountants (IFAC). However, if students complete the requirements for CPA Australia or ICAA, they should meet the IFAC standards. See lists of approved courses.
The Institute of Actuaries of Australia
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 along with a 3 year Practical Experience Requirement (PER) and completing of The Professionalism Course. 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 and the Professionalism Course.
Part I is covered by the relevant subjects in the Bachelor of Actuarial Studies.
For Part II there are two parts: Part IIA: the Actuarial Control Cycle, and Part IIB: Investment and Asset Modelling. Part II is studied at UNSW in three courses as part of an honours year or a 4th year of a combined degree program or after graduating and is made up of courses which cover actuarial principles and actuarial practice along with an Asset Modelling course.
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. UNSW has applied for recognition of its relevant Risk Management courses for CERA qualification.
Qualification as an Associate of the Institute of Actuaries of Australia (AIAA) is attained on completion of the courses in Parts I and II along with a 3 year Practical Experience Requirement (PER) and completing of The Professionalism Course. 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 and the Professionalism Course.
Part I is covered by the relevant subjects in the Bachelor of Actuarial Studies.
For Part II there are two parts: Part IIA: the Actuarial Control Cycle, and Part IIB: Investment and Asset Modelling. Part II is studied at UNSW in three courses as part of an honours year or a 4th year of a combined degree program or after graduating and is made up of courses which cover actuarial principles and actuarial practice along with an Asset Modelling course.
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. UNSW has applied for recognition of its relevant Risk Management courses for CERA qualification.
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Entry Requirements
Part I
Students can complete the Part I courses as part of their university program. Success at gaining the exemptions requires above average grades (65% and above). Those aiming to enter the actuarial profession should normally expect to gain most of the exemptions and should be aiming to obtain at least an average 70% mark in their University studies.
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 only 1 or 2 Part I courses to complete.
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), under VEE credit. 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
Part I
Students can complete the Part I courses as part of their university program. Success at gaining the exemptions requires above average grades (65% and above). Those aiming to enter the actuarial profession should normally expect to gain most of the exemptions and should be aiming to obtain at least an average 70% mark in their University studies.
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 only 1 or 2 Part I courses to complete.
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), under VEE credit. 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
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