Course Description

This course is registered with CPA Australia and Chartered Accountants Australia and New Zealand

The Bachelor of Professional Accounting (BPA) course (CRICOS Course Code 102219K / TEQSA Course Code 1400690) offered by the Australian School of Accounting is designed to develop confident, competent, innovative and work-ready graduates with the analytical, conceptual and technical skills to contribute to accounting and business success, in accounting professionals working environment. This course includes work-integrated learning and industry placements. The BPA is offered in full-time study mode with the option of fast track study mode for domestic students utilising a quadmester structure.

The BPA course aligns with the Australian Qualifications Framework (Level 7), Higher Education Standards Framework and once professional accreditation are granted the BPA will meet the competencies required for approval by the three accounting professional associations in Australia.

This course of twenty-four (24) units is professionally focused with accreditation that provides students with a good, strong grounding in the knowledge, skills, and application required through the first eight-core foundation units:

Unit Overview

This unit focuses on the role of accounting in society. The unit aims to introduce basic accounting language, concepts and method. Students will be provided with an opportunity to discuss evolving means of information preparation of financial statements with an emphasis placed on understanding how such information assists users in making important business decisions. The role of accounting stewardship is explored, developing students’ awareness of social, environmental and ethical concerns in an attempt to develop well rounded business professionals.


Unit Overview

This unit covers the fundamentals of accounting. Students will receive an in depth understanding of double entry and accounting elements (assets, liabilities. equity, revenues and expenses). The relationships between the accounting elements for the purposes of financial reporting will be analysed through accounting journals, financial statements and reports required for different business systems


Unit Overview

This unit is an introduction to a range of concepts and skills required for the business world. Students will need to cover a range of current business issues that will provide the focal point for academic learning. This unit is considered a building block for students to develop academic and professional skills required during their study, that is, written and oral communication, analysis and evaluation as well as being able to collect information whilst at the same time develop team work skills, apply logical and critical thinking to any assessment task

Unit Overview

This unit introduces students to the basic concepts and techniques in statistical research. Students will be familiarised with descriptive measures of quantitative methods; probability and probability distributions of quantitative methods; statistical inference and sampling and sampling distribution of quantitative methods; estimation and hypothesis testing on a single population and two populations; chi-squared tests for problems; non-parametric statistics for comparing two populations; simple linear regression and correlation and multiple regression. The unit also introduces students to writing and presentation of statistical reports.


Unit Overview

This unit covers the evaluation of business information systems and their use in managerial decision-making. Emphasis is placed on business processes including control mechanisms, data analysis and reporting to address business decision making and corporate compliance. Students will also develop practical skills in using business software (including a cloud-based system) for transaction processing and decision support

Unit Overview

This unit is an introduction to the main microeconomic concepts and ideas and their applications in a contemporary economy, such as how individuals and firms behave and how their behaviours are influenced by the government’s policies, such as taxation. The unit also introduces students to key macroeconomic variables and how monetary policy and fiscal policy could be used to reduce the impacts of economic problems, such as recessions, unemployment, inflation and balance of payments.


Unit Overview

This unit focuses on liability in contract and in tort and the appropriate venue for disputes. The unit introduces students to the Australian legal system, including Parliament and the court hierarchies. Students will learn about dispute resolution in the court system and by alternative dispute resolution methods, intention torts and negligence, how a contract is formed including the requirements for a valid contract, how to interpret the terms of a contract and the consequences of each, how a contract terminates and the appropriate applicable remedies, the effect of false or misleading statements or omissions on a variety of contracts, and protection of intellectual property.


Unit Overview

The unit focus is on both the individual and group processes of organisational behaviour. There are many aspects to organisational behaviour and this unit covers, motivation, teamwork and performance, the effects of different communication styles, types of conflict, leadership, and the skills for contributing to organisational effectiveness and effective change. In considering the organisational behaviour there are also cultural, ethical, and social concerns to be in taken into account.

The Bachelor of Professional Accounting course comprises of a suite of five accounting specialisation units that add value to the core foundation units. There are prerequisites throughout the course at intermediate and advanced levels.

Unit Overview

Financial accounting and reporting requires the fundamental understanding of the regulatory environment of financial reporting. A thorough understanding of the purpose of financial reporting and disclosure. An introductory understanding of the conceptual framework including the purpose, key characteristics and procedures. A detailed understanding and application of the principles of double entry. Application of the knowledge of selected international financial reporting standards (IFRSs) including the preparation of financial reports (income statement, statement of financial position and cash flow). An understanding of ethics in accounting and an introductory understanding of the social, and environmental issues that arise from the application of accounting standards. Application of skills in communicating financial information to users both manually and through an accounting package.

Unit Overview

This unit provides an introduction to fundamental concepts and techniques that underpin management accounting in contemporary business environments. Students will apply these concepts and techniques to the planning, directing, decision-making and controlling functions of an organisation. Contemporary management accounting issues will also be discussed in this subject.


Unit Overview

This unit focuses on the role of accounting in companies. The unit aims to examine some important accounting issues relating to companies. Students will be provided with an opportunity to discuss and examine accounting standards and the following accounting issues: accounting for share capital, business combination, the preparation and presentation of consolidated financial statements, intangibles, lease, financial instruments and impairment of assets. The unit requires both a theoretical and practical understanding of issues. In doing so the following accounting standards will be examined.


Unit Overview

This unit is designed to cover management control and performance appraisal. Students will gain the knowledge and skills required for an effective performance management system. The unit assists Human Resources and operational managers of the future by providing the tools necessary for effective and efficient performance management control which will help motivate employees and achieve a higher productivity level.


Unit Overview

This unit examines the audit and assurance environment in which organisations operate. Students will study critical issues relating to professional ethics, the legal liability of auditors, audit planning and client evaluation. Auditors roles and responsibilities are discussed as well as the technical aspects of audit, auditing principles and assurance services.

The unit requires both a theoretical and practical understanding of issues. In doing so the following accounting standards will be examined.

ISA200/ASA200 Overall Objectives of the Independent Auditor

ISA210/ASA210 Agreeing the Terms of Audit Engagements

ASA240 The auditor’s responsibilities relating to fraud in an audit of a financial report

ISA300/ASA300 Planning an Audit of Financial Statements

ISA315/ASA315 Identifying and Assessing the Risks of Material Misstatement

ISA330/ASA330 The Auditor’s Responses to Assessed Risks

ISA450/ASA450 Evaluation of Misstatements

ISA320/ASA320 Materiality in Planning and Performing an Audit

ISA520/ASA520 Analytical Procedures

ISA530/ASA530, 520, 550, 570, 500, 505, 580 Tests of Controls, Tests of Details and the use of quantitative methods used in audit engagements

ISA230/ASA230, 500, 520 Audit documentation, evidence and procedures

ASA560 Subsequent events

ISQC1/ASQ1 Quality controls

ASA700 Forming an opinion and reporting on financial statements

ISA450ASA450, 705, 706, 260 and 265 cover completion and communication

The next set of seven core units provides a framework for the accountant of the future that covers and supports the core and accounting specialization units. These units below have prerequisites which are from either core or accounting specialisation units.


Unit Overview

This unit introduces students to the principles of taxation law in Australia. The unit covers the sources of tax law in Australia, tax formula, residence and source, the principles relating to income from personal services and employment as well as business and real property, compensation, Capital Gains Tax, Fringe Benefits Tax and Goods and Services Tax, general and statutory deductions, capital allowances, tax accounting, trading stock and tax offsets. This unit teaches students to apply the relevant tax formula to calculate income tax payable by individuals and businesses.


Unit Overview

This unit focuses on business entities and company law in Australia. The unit introduces students to the common law and legislation. Students will learn about the different business entities and which are the most appropriate to a client’s situation, how companies are formed and the consequences of incorporation, company liability in crime, tort and contract, the duties of directors and officers, how a company raises finance, the remedies available to aggrieved members, the different types of company meetings, and external administration including liquidation. Students will learn about the role of the regulator, Australian Securities and Investment Commission (ASIC), and the different remedies and defenses that apply for breach of director’s duties, the duty to prevent insolvent trading and insider trading, including the common law remedies, civil penalties and criminal penalties.


Unit Overview

Business analytics refers to the ways in which organisations use data and information to support their operations, decision making and planning. In this unit students will learn to use data analytics tools to support decision making and planning in a business context. The unit explores the challenges of undertaking data driven decision making and planning and the ways in which organisations can incorporate these processes into their normal functions. Topics covered include business structures to support data analytics, descriptive analysis, predictive and prescriptive analytics, data modeling and technologies used in data analytics.


Unit Overview

This unit focuses on the role of logistics management in a business organisation. The unit aims to equip students with the principles and techniques of business logistics management in a contemporary organisation and covers key components of business logistics such as procurement, operations, transportation, and warehousing. Students will be provided an opportunity to discuss an integrated approach to these key components, as well as explore the management of logistics performance, risks, and sustainability.


Unit Overview

This unit introduces students to contemporary theories of finance by providing the students with the basic elements and techniques to solve financial problems. Students will obtain a framework for the analysis of investment and financing decisions which are made in the context of certain and uncertain economic environments.

Unit Overview

Forecasts (based on best estimate assumptions) and projections (which may include a mixture of best estimate and/or hypothetical assumptions) are a key tool for business planning. In this course we explore both qualitative and quantitative (judgemental) approaches to forecasting, with emphasis on reliable and responsive methods. These include introductory regression modelling, exponential smoothing, and autoregressive integrated moving average (ARIMA) modelling. All concepts are presented using “R” in order to develop technology skills in this free programming language for statistical computing.

 


Unit Overview

This unit examines the principles, strategies and approaches that are used in project management. Project management requires the ability to integrate resources, finances and people to achieve successful outcomes that meet the needs of clients and stakeholders. Effective project management skills and knowledge are key attributes essential for any graduate who aspires to a future in management.

Students will understand the nuances of project management for implementing packaged software and why project have failed in the past. Learning will revolve around practical activities, insights from experienced guest speakers and case studies representing various industries.

There is one capstone unit that draws together all the previous units with respect to accounting:


Unit Overview

This capstone unit consolidates the knowledge, skills and application acquired throughout the accounting course. The unit provides students with theoretical and philosophical approaches underlying the discipline of accounting, from principles to the standard setting process. The financial, management and communication concepts in this unit draw from other units previously completed within the course. Students engaging with this course will develop a deeper appreciation of the function of accounting in today’s complex business environment. and how it relates to everyday life to assist students’ professional judgement. The unit provides an opportunity for students to critically evaluate, analyse, apply knowledge and skills that they have acquired over the course.

To complete the Bachelor of Professional Accounting students must select three advanced electives units from the list below:


Unit Overview

In this unit students are introduced to the realities of work in a business or accounting discipline. Students undertaking this unit will spend a minimum of 80 work -integrated placement hours and 15 assessment hours during the quadmester.

Work-integrated learning (WIL) placement may vary depending on the type of work undertaken within a business and will be monitored closely by a number of people inside the School, and outside by the Host and the Agent that will be assigned to the student.

Please refer to the associated documents pertaining to WIL. Our internal documents cover the development the plan for work integrated learning, a policy and procedure.

Then there are a number of government guidelines also on the matter of work placement or internship.

AimAlthough this is an elective unit the aim is to provide the opportunity to students to be job ready, when they complete their course.


Unit Overview

This unit provides experience and supervision in a significant case study project conducted within accounting and/or management fields.

Students will work in groups of four, in conjunction with the unit coordinator, on their specific case study project to emulate the real-world business scenario. The emphasis of this unit is on the application of case study knowledge gained in other units as well as developed in this unit for the documentation of a project with input from all members of the group, culminating in presentations at a seminar of their peers and academic staff.

Unit Overview

Strategic Management Accounting builds on the study material covered in the Management Accounting unit. It assumes that students have a good appreciation of the basic cost accounting concepts and techniques. The focus in this unit compared to management accounting, is a move from an essentially operational, internal and short-term perspective to a long-term, external and strategic perspective of the organisation. The unit covers the strategic application of management accounting concepts, tools and techniques. The role of management accounting systems in supporting strategic outcomes. The importance of strategy maps and the balance scorecard in the implementation of strategy. The alternative cost management systems including activity-based costing, target costing, Total Quality Management, Activity Based Management and product and customer profitability analysis and corporate social responsibility. Performance measurement including strategic performance measurement systems. The process of project appraisal from a strategic management perspective including the selection, planning, and monitoring and control of projects.

Unit Overview

In the information age, dependence on information systems and services exposes entities to security threats such as viruses, computer hacking and denial of service attacks. Managers, accountants, and auditors are expected to implement controls over integrity of information they produce and rely upon. This unit discusses the key objectives of authentication, confidentiality, integrity, non-repudiation and availability in security. The importance of Information Security policies, processes, standards and procedures and Business Continuity Planning including backup, disaster recovery and continuity of operations are addressed from a managerial perspective.


Unit Overview

Business organisations today have unprecedented access to massive volumes of data, held both internally and externally. Traditional business systems are often unable to identify and extract the relevant information to support business decision making. This unit aims to provide an introduction to “Business Intelligence” (techniques for integration, analysis and presentation of information) and “Data Mining” (technology for processing large volumes of data to discover useful information) for decision support in business entities.

Unit Overview

This unit addresses knowledge management (KM) and data governance from a managerial perspective. It introduces the elements of knowledge management including the importance of KM to contemporary organizations and the theory which underpins the practice. Tools and techniques for KM are addressed in a non-technical manner. Students will address the process of implementation of a knowledge management initiative to understand how they may contribute to the process of innovation.


Unit Overview

This unit focuses on the role of purchasing management in a business organisation. The unit aims to equip students with the principles and techniques of purchasing management in a contemporary organisation and covers key activities of corporate purchasing: such as purchase order cycle, sourcing, price-cost analysis, negotiation, supplier selection and evaluation, as well as the legal aspects of purchasing. Students will be provided an opportunity to discuss the impact of new and emerging technologies on purchasing functions and operations.


U
nit Overview

This unit focuses on the role of warehouse management in an organisation. The unit aims to equip students with the principles and techniques of warehouse management in a contemporary organisation and covers key activities of warehousing: such as warehouse technology, process improvement, inventory management, insourcing, outsourcing, as well as risk management, location and design analysis. Students will be provided an opportunity to discuss the impact of new and emerging technologies on warehousing functions and operations.


Unit Overview

This unit requires students to undertake a research of best practices in a business sector in the field of logistics, procurement, or supply chain (LPS). The unit aims to foster individual development of critical enquiry and awareness of industry best practices in LPS. Students are required to submit a major assignment, a minor assignment, and deliver a short presentation of their projects.

The first three units listed above enhance the student’s knowledge of accounting by working in the accounting industry as an intern or working with a group on an accounting issue or addressing a strategic management accounting concern. The two sets of three units marked with * and # provide students with an opportunity to keep abreast of advanced technology or logistics and at the same time bring innovative and creative learning that promotes critical thinking and collaboration in their future careers.

A graduate who has completed this course of study with work-integrated learning or the internship unit as mentioned above will have the applied practical experience as well as the theoretical knowledge and skills along with judgment and critical thinking that has been gained throughout the course to be ready for any position in accounting.

Through the development of core knowledge, skills and application gained whilst undertaking this degree, graduates will be both advocates and practitioners of lifelong learning especially when they join a professional group or an industry peak body to further their careers through further postgraduate studies.

Graduates will be in high demand in the accounting industry as trainee accountants, accountants or other related accounting positions whether in a small or large organization that requires their judgment to critically evaluate any decision-making situation.

For information about accounting careers we encourage you to visit the following sites: