Chartered accountants are accountants that have completed postgraduate accounting qualifications, specifically the Graduate Diploma of Chartered Accounting, and also had a set amount of practical experience under the supervision, instruction and guidance of a mentor.
What’s involved in the diploma?
The Graduate Diploma of Chartered Accounting is both practical and academic.
Requires that you’re employed at an Approved Training Employer
Work at least 17.5 hours per week
Mentored by an Australian Chartered Accountant or a professional who holds a similar, globally recognised accreditation
Demonstrated required levels of competency
Academic study is split into five different subjects/parts.
Audit and assurance Period of study: 12 weeks
Outcome: Understanding auditing as both a concept and engaging with it practically. Students will learn how to assess a business’s position, success and failures from financial auditing, and be able to make suggestions for improvements based on this information.
Financial reporting and accounting Period of study: 12 weeks
Outcome: The ability to reference Accounting Standards, as well as apply new and nuanced understanding of the financial framework in real-life scenarios.
Management Accounting and Applied Finance Period of study: 12 weeks
Outcome: The ability to analyse and interpret financial data, and communicate these findings to businesses so they can better manage their resources or achieve set goals.