WHO IS CPA AUSTRALIA? >160,000 members >130 years >25,000 members in (150 countries & regions) of operation senior leadership positions
ABOUT US OUR VISION Partnering with members to prepare for today and tomorrow in a globally connected world OUR PURPOSE Advancing trusted and valued accounting and business professionals who enhance their communities OUR PASSION Bringing employees and members together with local and international bodies, to represent the views and concerns of the profession to governments, regulators, industries, academia and the general public
OUR GLOBAL NETWORK 160,000+ Members 400+ 150 Recognised Countries Employer and regions Partners Offices and branch locations 21 25,000+ Member presence Offices and Members in Professional bodies branch locations senior leadership positions
OUR VALUED RECOGNISED EMPLOYER PARTNERS
THE ACCOUNTING LANDSCAPE TODAY
MACRO FORCES SHAPING THE FUTURE OF WORK DEMOGRAPHIC RAPID CLIMATE TECHNOLOGICAL SHIFTS URBANISATION CHANGE BREAKTHROUGHS Urbanisation will cause Population growth and Depleted fossil fuels and The digital revolution: increased demand on an ageing population will a greater need for automation, robots and infrastructure, services, AI are dramatically have profound impacts alternative energy job creation and the locally and globally. sources. changing the nature and environment. number of jobs. RESULT RESULT RESULT RESULT Fewer manual roles and an Business model shift; career lengths Increased development and Newfound roles in alternative energy increased need for creativity, and costs will increase as we work to opportunities for new enterprise, in sector; increased investment in analytical thinking and support an ageing population. emerging economic hubs. product design for waste minimization; restructuring of communication and leadership skills traditional energy industries Workforce of the future: The competing forces shaping 2030, PwC, 2018
HOW THIS CHANGE WILL AFFECT YOUR CAREER AND HOW TO PREPARE UNIQUELY BIG PICTURE ADAPTABILITY HUMAN TRAITS THINKING Emotional intelligence, Adaptability will become essential Understand how technology is creativity, persuasion, to navigate the changes ahead. developing and what this will leadership, problem-solving and Willingness to acquire new skills mean for you. innovation will become and experiences, no matter what Expect the unexpected and find increasingly valuable in the stage of your career, will be the gaps in an automated marketplace of the future. essential. world. “Think about yourself as a bundle of skills and capabilities, not a defined role or profession.” CAROL STUBBINGS GLOBAL LEADER, PEOPLE AND ORGANISATION, PwC Workforce of the future: The competing forces shaping 2030, PwC, 2018
ACCOUNTING STILL HAS A PLACE IN THE FUTURE 80% ≈84,000 207,200 Above average full-time Accounting job Accounting jobs in employment openings expected Australia by 2023 (compared to 66% All Jobs over the next 5 years Average) Quantity of individuals working as The average income per week is $1660 - Or roughly 16,800 a year. Accountants is expected to grow over the $200 higher than All Jobs Average next 5 years jobsoutlook.gov.au, 2019
YOUR APPLICATION FOUNDATION The foundation exams cover the PASS knowledge required to become an Associate member. They can be taken in any order, at your choice of exam YOU’RE AN ASSOCIATE AND READY TO BEGIN THE CPA PROGRAM location and time. ENROL IN THE CPA PROGRAM Includes four compulsory subjects, two electives and a practical work experience component that will give you the YOUR DEGREE AND YOUR EXPERIENCE skills to stand out in the real world. Your Degree: A degree level qualification recognised by CPA Australia. Your Experience : Gain 36 months of practical experience. Over the course of your experience, you must YOU’RE A CPA! demonstrate a minimum of 10 skills across four categories.
THE CPA PROGRAM PREPARES YOU FOR A GREAT CAREER The CPA Program is designed to produce future CPAs who will: Be strategic Be Be able to leaders and Be aware of technically communicat business the social Be adaptable skilled and e and partners in a impacts of to change solution collaborate global accounting driven effectively environment
CPA PROGRAM CORE SUBJECTS STRATEGIC GLOBAL ETHICS AND FINANCIAL MANAGEMENT STRATEGY AND GOVERNANCE REPORTING ACCOUNTING LEADERSHIP Learn the application of ethical principles, and gain a Learn how management accounting provides information critical to the business Apply accounting standards, interpret In this capstone subject, you will use strategic analysis strong knowledge of key corporate governance principles decision making process. This subject goes one step further and introduces the role financial reports, and understand the to address complex business issues in a competitive and mechanisms. of the management accountant in business strategy. business impact of these reports. and uncertain business environment.
CPA PROGRAM CORE SUBJECTS YOUR RESOURCES FOR STUDY GUIDE Your primary resource is the study guide ETHICS & GOVERNANCE SUBJECT LEVEL These resources support your whole of subject understanding. You may use these at any time, OTHER BUSINESS VIDEO CASE KNOWLEDGE CHECK ASK and revisit them as your knowledge READINGS OR SIMULATION STUDY (Questions for the entire subject) THE grows REFERENCES EXPERT MODULE LEVEL Within each module, you’ll be prompted to use certain resources that support and enhance your OTHER BUSINESS VIDEO CASE KNOWLEDGE CHECK ASK understanding of that module READINGS OR SIMULATION STUDY (Questions for the entire subject) THE REFERENCES EXPERT
CPA PROGRAM ELECTIVE SUBJECTS Build on fundamental principles of Australian tax law to determine the Focus on both external and internal tax implications of complex business Understand and apply fundamental Recognise the financial risks faced audit procedures. This subject will Analyse and evaluate the role of the and investment arrangements. principles of Australian taxation law by businesses and understand the ensure you understand the audit CPA in contemporary business and ADVANCED AUSTRALIAN Explore specialist taxation topics AUSTRALIAN affecting individuals and business key mechanisms and frameworks process and are able to apply how the accounting profession AUDIT AND TAXATION – including tax theory and tax policy, TAXATION and investment entities. international standards to complex used to address and manage risk. INSURANCE continues to evolve. ADVANCED the taxation of financial audits. arrangements, tax consolidations and international transactions and cross-border tax issues. FIANNCIAL FINANCIAL RISK CONTEMPORARY PLANNING BUSINESS ISSUES MANAGEMENT FUNDAMENTALS
CPA Subjects and MQ Units
WE SUPPORT YOU THE ENTIRE WAY Resources such as 'Ask the expert forum', Tuition and tutorials – business simulations, face-to-face revision case studies, and exam preparation knowledge checks classes along with and interactive online tutorials Study groups – Join or learning tasks, and form a study group to more learn from like-minded peers
ADDITIONAL INFORMATION • You don’t need to be working • Average time to finish is • Enhance your personal brand to start the CPA Program 3 to 4 years – use the ASA designation • You can study from anywhere • 10-15 hours of study per week • Immediate access to the study in the world guide upon enrolment • Increase your chance of • Global access to computer success – join a study group • Multiple entry points to the based exams CPA Program
YOUR EXPERIENCE REQUIREMENT To satisfy Your Experience requirement, Over the course of your experience, you must Leadership Skills Technical Skills Business Skills Personal Effectiveness Skills you must: demonstrate a minimum of 10 skills across four categories. This must include a minimum of: You must demonstrate four technical skills, selected You must demonstrate two skills from the list below: You must demonstrate two skills from the list below: You must demonstrate two skills from the list below: Gain 36 months relevant from any of the sub-sections of : practical experience • • • Understanding the regulatory environment Embracing ethics and good governance Demonstrating professional self awareness • • • • Auditing Embracing diversity Building relationships and interpersonal skills Using technology for business technical personal • Financial Accounting • • • Communicating effectively in the workplace Understanding the business environment Planning and innovative thinking skills effectiveness • • • • Applying critical analysis and professional Problem solving and decision making Financial Planning Applying business analysis and risk management Verify your new experience and skills • Financial Risk Management judgement skills along the way • Insolvency • Management Accounting • Taxation Ask CPA, FCPA or equivalent International Federation of leadership business Accountants (IFAC) member to sign skills skills your form
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