Faculty of Economics and Commerce : Guide to courses
18. Membership of professional bodies

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18. Membership of professional bodies
    18.1. CPA Australia
    18.2. Institute of Chartered Accountants in Australia
    18.3. National Institute of Accountants
    18.4. Institute of Chartered Secretaries and Administrators
    18.5. Australasian Institute of Banking and Finance
    18.6. Australian Securities and Investment Commission
    18.7. Institute of Actuaries of Australia

18. Membership of professional bodies

18.1. CPA Australia

Those who hold the Bachelor of Commerce degree with an accounting specialisation are eligible for Associate Membership of CPA Australia. Further information about subject requirements can be found on the Department of Accounting and Business Information Systems website at http://www.ecom.unimelb.edu.au/accwww/professionalrecognition.html Persons who seek full CPA membership after graduation must complete further external studies specified by CPA Australia. For more information, including details of admission requirements, contact the State Registrar of the CPA, Victorian Division, 28th Floor, 385 Bourke Street, Melbourne 3000.

18.2. Institute of Chartered Accountants in Australia

Those who hold the Bachelor of Commerce degree with an accounting specialisation may apply to participate in the ICAA's professional year of study. Further information about subject requirements can be found on the Department of Accounting and Business Information Systems website at http://www.ecom.unimelb.edu.au/accwww/professionalrecognition.html The ICAA requires professional year students other than holders of honours degrees to complete a minimum of 52 weeks' (at least 39 of which must be mentored by a chartered accountant) service with a firm of chartered accountants in public practice or one of more than 400 accredited organisations in Australia before the commencement of the professional year. For further information on admission requirements, contact the State Director, ICAA, Level 10, 600 Bourke Street, Melbourne 3000.

18.3. National Institute of Accountants

Those who hold the Bachelor of Commerce degree with an accounting specialisation may apply for membership of the National Institute of Accountants. Further information about subject requirements can be found on the Department of Accounting and Business Information Systems website at http://www.ecom.unimelb.edu.au/accwww/professionalrecognition.html Persons who seek full NIA membership after graduation must complete further external studies specified by the NIAS. For more information, including details of admission requirements, contact the State Manager, NIA, Level 8, 12-20 Flinders Lane, Melbourne 3000.

18.4. Institute of Chartered Secretaries and Administrators

Persons who have completed the Bachelor of Commerce degree, including the accounting and business law sequences, may apply for exemption from eight of the 13 subjects of the Institute's examinations.

18.5. Australasian Institute of Banking and Finance

The following subjects are accredited towards achieving Senior Associate status with the Australasian Institute of Banking and Finance:

325-101 Managing People and Organisations
325-211 Principles of Marketing
333-201 Business Finance
Plus any three of the following:

18.6. Australian Securities and Investment Commission

The following undergraduate subject is included on the ASIC directory:

333-203 Introductory Personal Finance

18.7. Institute of Actuaries of Australia

The Bachelor of Commerce course allows students with strong mathematical backgrounds to undertake studies for the actuarial profession in their degree. Exemption from each subject in Part I and Part II of the professional examinations of the Institute of Actuaries of Australia may be achieved by students who perform at an appropriately high standard in designated undergraduate and honours subjects. For more information, refer to the Centre for Actuarial Studies web page at http://www.economics.unimelb.edu.au/actwww/.