Postgraduate Professional Recognition of Programs

For Postgraduate 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)
Australian Securities and Investment Commission (ASIC) and The Financial Adviser Standards and Ethics Authority (FASEA)
The Financial Services Institute of Australasia (FINSIA)
Australian Human Resource Institute (AHRI)
Association of Chartered Certified Accountants (ACCA)
Chartered Accountants Australia and New Zealand (CAANZ)
Chartered Institute of Management Accountants (CIMA)
CPA Australia
Institute of Public Accountants (IPA)
The Institute of Actuaries of Australia
SAS Certification

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 the Professional Level.

Course

Campus

Final Year of Accreditation

Level Accredited

Master of Information Systems Management 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. 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. 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.

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

The Australian Securities and Investment Commission (ASIC) and The Financial Adviser Standards and Ethics Authority (FASEA)

The Australian Securities and Investment Commission (ASIC) administers the Corporation Law. Chapter 7 of the Corporation Law regulates financial advisers (including financial planners and stockbrokers) of retail clients, and it mandates financial advisers to meet several education requirements. The amended Corporation Law increased the minimum education requirement of ASIC Regulatory Guideline 146 (RG146) to an Approved Degree requirement. Entrant financial advisers from 1 Jan 2019 must be a holder of an Approved Degree as assessed by the Financial Adviser Standards and Ethics Authority (FASEA).

UNSW offers FASEA Approved Degrees curriculum that subsumes the RG146 requirements at undergraduate and postgraduate levels for students interested in pursuing a financial advice career. Candidates seeking to attain a FASEA Approved Degree need to complete A SPECIFIC LIST OF COURSES within their program structure. Please see the following link for program and course requirements of current and past FASEA Approved Degrees at UNSW: https://www.fasea.gov.au/wp-content/uploads/2021/02/UNSW-FINAL-Current-courses-approved-by-FASEA-Updated-20210128-2.pdf

The Financial Services Institute of Australasia (FINSIA)

FINSIA members have access to industry-leading content, insights and influential networks that will help you build your capabilities and advance your career. Finance graduates wanting to become professionally qualified may enrol in FINSIA Programs covering different areas of financial services such as banking, ethics and integrity and corporate finance.

Students are encouraged to seek further information from the FINSIA website

Association of Chartered Certified Accountants (ACCA)

The Master of Professional Accounting and Master of Professional Accounting (Extension) programs at UNSW are accredited by the Association of Chartered Certified Accountants (ACCA).

Graduates who complete these programs 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: www.accaglobal.com/gb/en/help/exemptions-calculator.html/.

Chartered Accountants Australia and New Zealand (CAANZ)

Various postgraduate courses at UNSW are accredited by the 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)

The Chartered Institute of Management Accountants (CIMA) recognises the Management Accounting specialisation (ACCTYS) in the Master of Commerce (8404). Students who complete the specialisation may be exempted from the Operational and Management levels of CIMA’s syllabus covering 6 examination papers (Enterprise Operations E1, Performance Operations P1, Financial Operations F1, Enterprise Management E2, Performance Management P2, and Financial Management F2).

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. This will provide an 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/.

CPA Australia

CPA Australia has accepted both complete the Master of Professional Accounting and the Master of Professional Accounting (Extension) for the purpose of its membership qualifications. Students may confirm academic entry requirements for the CPA Program with CPA Australia at https://www.cpaaustralia.com.au/ManageApplications/AccreditedCourse.mvc/SearchAccreditedCourses.

Graduates who complete either program may apply for associate membership of CPA Australia. For further information on membership see https://www.cpaaustralia.com.au/about-us/types-of-membership.

Institute of Public Accountants (IPA)

The Accounting programs of UNSW are accredited by the IPA. Graduates who complete the Master of Professional Accounting or Master of Professional Accounting (Extension) will meet the body’s core knowledge requirements. For further information see www.publicaccountants.org.au/.

The Institute of Actuaries of Australia

The UNSW actuarial program is fully accredited by the Institute of Actuaries of Australia and relevant courses are approved for VEE by the Society of Actuaries (SOA) in the US. 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 the Foundation Program and the Actuary Program along with a 1-year working experience. Qualification as a Fellow of the Institute of Actuaries of Australia (FIAA) requires the completion of subjects in the Foundation Program, the Actuary Program, and Fellowship Program.

The Foundation Program is covered by the relevant subjects in the Bachelor of Actuarial Studies.

For the Actuary Program, there are two university accreditation components:

  1. Actuarial Control Cycle, and
  2. Data Analytics Principles.

The two parts of Actuary Program are covered at UNSW in three courses which cover actuarial principles and practice along with data analytics.

Entry Requirements

Foundation Program
Students can complete the Foundation Program 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.

Actuary Program
The requirements are:

  • completed all Foundation Program courses with exemptions or
  • have a minimum average mark in the ACTL courses of 65% and only 1 or 2 Foundation Program courses to complete.

Other Professional Recognition

Fellows of the Institute of Actuaries of Australia can obtain Fellowship of the IFoA if they wish to practice in the UK or Europe.

Students who have completed actuarial studies major and obtained exemptions from the Foundation Program subjects of the Institute of Actuaries of Australia can apply for waivers of some of the examinations and VEE credit of the SOA (US). Fellows of the Institute of Actuaries of Australia can apply for admission as an Associate of the SOA 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 the Institute's website www.actuaries.asn.au.

SAS Certification

Those students who complete the following four courses will be eligible for a SAS Certificate in Business Analytics (awarded jointly by UNSW and SAS).

SAS Certification credentials are globally recognized as the premier means to validate SAS knowledge. With a SAS Certification credential, students will set themselves apart from others and prove that they have the SAS knowledge to make a difference within an organization.