Graduate Certificate in Professional Accounting

Graduate Certificate in Professional Accounting

The Graduate Certificate in Professional Accounting (GCPA) is a four subject, one trimester award, nested within the MPA. The GCPA can be used as an entry and/or exit qualification. Conceptually, the GCPA has been developed to provide graduates with the capacity to operate in a narrower range of business environments. The degree of independence will be more limited and the scope of activity constrained. GCPA graduates will manage business problems and provide advice in more restricted professional contexts. Typically they work under the supervision of a CPA.

For local students, the GCPA provides the opportunity for experienced paraprofessionals with further education (or similar) qualifications in accounting or a closely allied area, to enter into higher education at the graduate level. In this context the GCPA is deemed a TIIS pathway program.

For international students, the GCPA also provides a short-term professional development opportunity and a graduate award exit point. However, it may also afford entry for those students whose undergraduate degrees do not meet the required standards for automatic entry. This entry point will be determined on a case-by-case basis.

For students who are enrolled in the MPA and choose to exit, or fail to satisfy course requirements, the satisfactory completion of the four subject GCPA provides those students with the option of receiving a formal graduate level qualification.

All students who satisfactorily complete the academic requirements for the GCPA will be granted automatic entry into the MPA.

The four subjects comprising the GCPA are outlined below:


Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Reflect on the purpose and importance of accounting; identify key users and uses of accounting information; and explain why accounting has a significant impact on business, social and ethical decisions.
2. Identify, record, and process business transactions in the accounting system, and prepare financial statements to reflect financial performance, financial position and cash flows.
3. Examine accounting concepts and statutory requirements (including the Australian Accounting Standard Board’s Conceptual Framework for Financial Reporting and Australian and international accounting standards) that underpin accounting and reporting in the Australian environment.
4. Examine and evaluate different accounting methods, and explain possible motivations for the selection of method.
5. Employ financial ratios and comparative techniques to evaluate financial statements, to analyse firm performance, financial position and cash flow.
6. Articulate effectively and professionally the findings of an analysis of financial statements of a given organisation in a group report.


Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Demonstrate a broad knowledge of the legal system and independently source relevant legal information to develop an understanding of key principles of Australian business and corporate law.
2. Identify legal issues and apply relevant laws to examine problems pertaining to businesses in an Australian setting.
3. Demonstrate knowledge of regulatory laws that apply to different types of companies; and explain how laws impact on factors such as the internal regulation of a company, directors' responsibilities and members' statutory remedies.
4. Apply knowledge of Australian business and corporate law to scenarios in order to reason and debate the key principles and reach a conclusion that can be defended under scrutiny of professionals and academics.
5. Articulate the identification, analysis and solutions to business legal problems in a professional manner, providing reasoned argument and justification for conclusions.


Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe key microeconomic and macroeconomic concepts and theories.
2. Apply knowledge of microeconomic models and examine how the interplay between cost and demand fundamentals determines profit-maximising decisions in the commercial world.
3. Explain the manner in which macroeconomic concepts such as fiscal and monetary policy, business cycles, international trade and balance of payments determine overall levels of production and employment in the economy.
4. Analyse real world examples such as the Global Financial Crisis to evaluate the effect of government interventions in shaping market structures and distribution of value in the international sphere.
5. Explore current global and ethical issues and events through critical reading of economic literature, including media articles; and apply economic models and theories to review and formulate arguments concerning these issues.


Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Explain the fundamentals of financial objectives and decision-making in the contemporary business environment.
2. Apply knowledge of the principles of financial markets, capital management and time value of money.
3. Employ financial mathematics techniques such as capital budgeting to evaluate projects and make reasoned investment decisions.
4. Critically examine theories and models used in the consideration of leverage, cost of capital and capital structures and formulate and articulate logical arguments based on their application.
5. Explore and evaluate the concept of market efficiency and the different categories of market efficiency.