Professional Recognition of Programs
|
Australian Marketing Institute (AMI)
Australian Securities and Investment Commission (ASIC)
Chartered Accountants Australia and New Zealand(CAANZ)
Chartered Institute of Management Accountants (CIMA)
CPA Australia
Institute of Public Accountants (IPA)
The Financial Services Institute of Australasia (FINSIA)
The Institute of Actuaries of Australia
Australian Computer Society (ACS)
Course
|
Campus
|
Final Year of Accreditation
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Level Accredited
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---|---|---|---|
Master of Information Systems Management
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Kensington Campus
|
2018
|
Professional
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Australian Marketing Institute (AMI)
The CPM qualification is beneficial as it defines excellence in the marketing profession, advances your knowledge with continued professional development and networking, and promotes the profession of marketing by recognising only qualified marketing practitioners. The Master of Marketing fulfils the educational requirements for the CPM qualification.
Australian Securities and Investment Commission (ASIC)
Background
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.
RG146 Requirements
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Knowledge Area/Specialisations
|
FINS1612 or
FINS5512
|
FINS2624 or
FINS5513
|
FINS2643 or
FINS5510
|
FINS3637 or
FINS5537
|
---|---|---|---|---|---|
RG146 General Knowledge Requirements
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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
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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
|
* 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.
- Establish relationship with client
- Identify client objectives, needs & financial situation
- Analyse client objectives, needs, financial situation and risk profile
- Develop appropriate strategies and solutions
- Present appropriate strategies and solutions to the client
- Negotiate financial plan/policy/transaction with the client
- Co-ordinate implementation of agreed plan/policy/transaction
- Complete and maintain necessary documentation
- Provide ongoing service
Chartered Accountants Australia and New Zealand (CAANZ)
Graduates who complete the Master of Professional Accounting or the Master of Professional Accounting (Extension) are eligible to register for the Chartered Accountants Program and become Provisional Members. For further information see www.charteredaccountants.com.au/Candidates/The-Chartered-Accountants-Program/Entry-requirements/Accredited-courses.
Chartered Institute of Management Accountants (CIMA)
Students who choose to study the Management Accounting specialisation in the Master of Commerce (Extension) program (8417) may extend their knowledge of Management Accounting by completing four additional courses in the Entity Planning and Performance sub-specialisation (ACCTZS). This will provide exemption from the Strategic level of CIMA’s syllabus covering 3 examination papers (E3 Enterprise Strategy, P3 Performance Strategy and F3 Financial Strategy). Then students may proceed to the final level of the CIMA syllabus (the Professional Competence level). This final level is administered by CIMA and requires work based practical experience and the successful completion of a case study examination that is based on pre-seen and unseen material. For further information see http://www.cimaglobal.com/Our-locations/Australia/.
Graduates who complete the Master of Professional Accounting or the Master of Professional Accounting (Extension) may be eligible for associate membership of CPA Australia. Although the programs cover all the required knowledge areas, CPA Australia assesses every applicant for membership requirements, which include a rule that each applicant must hold a degree which is considered comparable by the National Office of Overseas Skills Recognition (NOOSR) to an Australian Bachelor's degree. If requested, CPA Australia will provide an assessment of an overseas qualification.
Students seeking professional recognition may confirm membership requirements with CPA Australia.
Institute of Public Accountants (IPA)
The Financial Services Institute of Australasia (FINSIA)
Students are encouraged to seek further information from the FINSIA website www.finsia.com
|
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 Master 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 can be studied in the Master of Actuarial Studies for students meeting the entry requirements. Part II is made up of three courses over a full year of study and covers 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
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 at www.actuaries.asn.au