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Use this search only if you have an exact code for a Program, Stream, or Course, e.g. 3403, ACCTA13502, ACCT1501 or ACCT*.

Professional Recognition of Programs

For Undergraduate Students

commerce students

The degree programs offered by the UNSW Business School are recognised by the following professional organisations in accordance with the details set out below

Australian Computer Society (ACS)

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

Course
Campus
Final Year of Accreditation
Level Accredited
Bachelor of Commerce (Information Systems) (Co-op)
 
Kensington Campus
2018
Professional
Bachelor of Commerce (Information Systems)
 
Kensington Campus
2018
Professional
Bachelor of Commerce/ Bachelor of Information Systems
 
Kensington Campus
2018
Professional
Bachelor of Information Systems
 
Kensington Campus
2018
Professional
Bachelor of Information Systems (Co-op)
 
Kensington Campus
2018
Professional

The ACS is responsible for the accreditation of professional ICT education programs in Australia. It is also signatory to the Seoul Accord (http://www.seoulaccord.org). The Seoul Accord is a multi-lateral mutual-recognition agreement among agencies responsible for accreditation or recognition of tertiary-level computing and IT-related qualifications in Australia, US, Canada, UK, Hong Kong, Japan, South Korea and Taiwan which provides graduates from accredited undergraduate degree programs global recognition. The number of Seoul Accord signatories is expected to grow, and the activities of the Accord signatories are intended to assist growing globalization of mutual recognition of Computing and IT-related qualifications.

Completion of an accredited ACS degree program along with appropriate industry experience is a pathway to professional certification as a Certified Professional http://www.acs.org.au/sfia-certification/acs-certification. The ACS Certified Professional certification is accredited by the International Professional Practice Partnership (IP3).

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.

UNSW School of Banking and Finance Financial Planning Courses and Program Mapping to External Standards

Several programs of the School of Banking and Finance were registered at the ASIC Training Register as compliant to RG146 Tier 1 requirements prior to the register's suspension in September 2012.
The purpose of the following mapping information is to assist UNSW students and their employers determine to check the RG146 Tier 1 compliance status of a student or graduate.


Students and graduates in a Bachelor or Master program with a Finance Major (B.Com, B.Econ, M.Com) or in a post-graduate Financial Planning program may combine their undergraduate courses with post-graduate courses to complete their RG146 Tier 1 Generic and Specialist education requirements as long as they have completed at least one of the two courses listed in each of the following four columns. Course codes below (above) XXXX5000 are undergraduate (postgraduate) courses. The list below is prepared on the basis all four courses studied and competently completed at UNSW in order to claim compliance. Upon successfully completing the four courses students are not issued a certificate, they may claim that they meet the requirements of RG146 Tier 1 on their resume.

For the student to provide evidence of being RG146 compliant they will need to provide their employer with their Academic Record, from there the employer confirms that UNSW is an authorised training organisation on the online ASIC register, and review the transcript for the requisite completed courses. In which the employer can confirm the student is RG146 Tier 1 compliant.


 
RG146 Requirements
Knowledge Area/Specialisations
FINS1612 or
FINS5512
FINS2624 or
FINS5513
FINS2643 or
FINS5510
FINS3637 or
FINS5537
RG146 General Knowledge Requirements
The Economic Environment
x
 
x
 
Operation of Financial Markets
x
x
 
 
Financial Products
x
x
x
 
RG146 Specialist Knowledge Requiremnts
Financial Planning
 
 
x
x
Securities
x
x
 
 
Derivatives
x
x
x
 
Managed Investments
x
x
x
x
Superannuation
 
 
x
x
Insurance - general, life and broking
 
 
x
x
Deposit products and non-cash payment products
x
 
x
 
Foreign exchange
x
 
 
 
Margin lending facilities
x
 
x
x
RG146 Skill Requirements
Establish relationship with client
 
 
x
x
Identify client objectives, needs, and finanical situation
 
 
x
x
Analyse client objectives, needs, and finanical situation
 
 
x
x
Develop appropriate strategies and solutions
 
 
x
x
Present appropriate strategies and solutions to the client
 
 
x
x
Negatiate financial plan/policy/transaction
 
 
 
x
Complete and maintain necessary documentation
 
 
x
x
Provide ongoing service (optional at discretion of clients)
 
 
x
x

 
Financial Planning Education Council (FPEC) Curriculum
 
FINS5512
FINS5513
FINS5510
FINS5537
FINS5531
FPEC Curriculum
Introduction to Financial Planning
 
 
x
 
 
Investment
x
x
 
 
 
Insurance
 
 
x
x
x
Superannuation
 
 
x
x
 
Estate planning
 
 
x
x
x
Financial plan
 
 
x
x
x
Tax
 
 
x
x
 
Commercial Law
 
 
 
 
 
Skills
 
 
x
x
x
CFP
Entry
x
x
x
x
x
Advanced Standing**
 
 
 
 
 

 
Financial Planning Education Council (FPEC) Curriculum
  
FINS5539
TABL5511
TABL5527
TABL5541 or
ACTL5401
FINS5517 or
FINS5541
Other Financial Planning Electives+
FPEC Curriculum
Introduction to Financial Planning
 
 
 
 
 
 
Investment
 
 
 
 
x
 
Insurance
 
 
 
 
 
 
Superannuation
 
 
x
x
 
 
Estate planning
x
 
 
 
 
 
Financial plan
x
 
 
 
 
 
Tax
 
x TPB*
 
 
 
 
Commercial Law
 
 
x TPB*
 
 
 
Skills
x
 
 
 
 
 
CFP
Entry
x
x
x
x
 
 
Advanced Standing**
 
 
 
x
x
x

+ Please refer to the program structure of the Master of Financial Planning in the year commencing the program.
* These TABL courses cover the Tax Practition Board (TPB) requirements for tax for financial advisers and commercial law for financial advisers.
** Graduates of the M.FinPlanning may apply at the Financial Planning Association of Australia (FPA) for Advanced Standing towards the CFP program modules 2, 3, and 4. FPA is the sole authority to grant the advanced standing. The requirement of an application is the completion of financial planning electives beyond 8 core-course of the M.FinPlan program used for entry into the CFP program. Course credit granted as part of the M.FinPlan is recognised by the FPA only if the basis of granting a credit being the completion of a equivalent undergraduate or postgraduate courses, i.e. at AQF Level 7 or 8.

building
  1. Establish relationship with client
  2. Identify client objectives, needs & financial situation
  3. Analyse client objectives, needs, financial situation and risk profile
  4. Develop appropriate strategies and solutions
  5. Present appropriate strategies and solutions to the client
  6. Negotiate financial plan/policy/transaction with the client
  7. Co-ordinate implementation of agreed plan/policy/transaction
  8. Complete and maintain necessary documentation
  9. Provide ongoing service

Chartered Accountants Australia and New Zealand (CAAANZ)

Graduates who have completed an undergraduate degree with a major in accounting are eligible under the body’s admission requirements to register for the ‘Chartered Accountants Program’ and become Provisional Members, provided they have completed accredited courses in the core knowledge areas. Students may confirm academic entry requirements for the ‘Chartered Accountants Program’ with Chartered Accountants Australia and New Zealand at www.charteredaccountants.com.au/Candidates/The-Chartered-Accountants-Program/Entry-requirements/Accredited-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.

Summary of Required Courses:

Notes:

The following courses may be substituted for ECON1203 Business and Economic Statistics:
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 TABL1710 and TABL2741 listed above.
In addition, BCom/LLB Students need to complete TABL2751 or
  • LAWS3751 Business Taxation (6 UOC)

Chartered Institute of Management Accountants (CIMA)

The Chartered Institute of Management Accountants (CIMA) has a qualification framework comprising 17 exams and a practical experience requirement. UNSW graduates majoring in Accounting enter at a high level and only need to complete 5 exams starting with the exam for the Management Level Case Study. After passing these remaining exams and meeting the experience requirement graduates may become members of CIMA with the right to use the CGMA designation (Chartered Global Management Accountant). For further information on the specific exemptions see:

www.cimaglobal.com/Study-with-us/Exemptions/Exemption-search/UNSW-Australia-University-of-New-South-Wales/

ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA)

The Bachelor of Commerce at UNSW is accredited by the Association of Chartered Certified Accountants (ACCA).

Graduates who complete this program may be eligible to apply for exemptions from the fundamental level courses (F1-F9) of the ACCA qualification and proceed with the Professional Level papers required for Affiliate membership status. To find out your eligibility for exemptions, please go to: https://www.accaglobal.com/gb/en/help/exemptions-calculator.html.

CPA Australia

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. Students may confirm academic entry requirements for the CPA Program with CPA Australia at https://www.cpaaustralia.com.au/ManageApplications/AccreditedCourse.mvc/SearchAccreditedCourses.

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.

Summary of Required Courses:
Notes:

1. It is no longer mandatory to include ACCT3708 and TABL2751 but it is desirable to do so. Otherwise Auditing and Taxation must be completed in the CPA Program.

2. The following courses may be substituted for ECON1203 Business and Economic Statistics:
Students undertaking the combined Bachelor of Commerce/Bachelor of Laws programs should substitute the following four courses for TABL1710 and TABL2741 listed above.
In addition, BCom/LLB Students need to complete TABL2751 or:
  • LAWS3751 Business Taxation (6 UOC)

Financial Services Institute of Australasia (FINSIA)

FINSIA members have access to a number of career support services and publications specifically related to professionals in the financial services industry. Finance graduates may apply for recognition of prior learning under the Financial Services Associate (FSA) Program to reduce course work requirements. The FSA program fast-track its membership to the Associate level. Business graduates with three years of relevant work experience may apply directly for associate membership with FINSIA.

Students are encouraged to seek further information from the FINSIA website

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 Chartered Accountants Australia and New Zealand, they should meet the IFAC standards. See above.

The Institute of Actuaries of Australia

The UNSW actuarial program is fully accredited by the Institute of Actuaries of Australia recognised for exemptions by the Institute of Actuaries (London) for the Core Technical subjects and relevant courses are approved for VEE by the Society of Actuaries (SoA). 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 completion 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 professional recognition of its relevant Risk Management courses for ST9/CERA qualification which also counts as a module for the Part III.
students


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 65% 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

Undergraduate Information

Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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