Escalating Your Career

The aim of this programme is to further develop skills of analysis, evaluation and synthesis in the areas of cost and management accounting for associate members and, in the process, create an awareness of some current developments in the profession. 

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The Registered Cost Accounatnt (RCA) program is part of the Graduate Program and is available to those satisfactorily passing a University entrance examination of a particular country (e.g. SATs, International Baccalaureates; Advanced Levels; TERs etc.). The program consists of 8-units undertaken via two stages of study. The RCA program consists of the CAT program plus Stage 2 of the GMA program.

ICMA Subjects
Registered Cost Accountant
Part 1(CAT Program) Organizational Management
Accounting Principles & Practice
Accounting Control Systems
Financial Information Systems
Part 2 (RCA Program) Financial Economics
International Business Law & Governance
Business Analysis & Audit
International Business Taxation
  • Facilitate courses that are a “tunnel of success”, by creating flexible learning solutions.
  • Provide timely learning that is enjoyable.
  • Provide team building for the participants including group problem solving tasks and group success goals.
  • Provide updated technical education by the achievement of excellence in teaching and materials.

 

Subject 1 : Financial Economics

Objectives :
On completion of this subject students should have a basic understanding of the methodology and principles of economics; have a basic understanding of micro and macroeconomics; be able to present arguments and make decisions in the economic environment. The techniques available to evaluate financial performance and risk are also covered.

Synopsis :

  • describe the economic and financial environment within which businesses and government organizations operate
  • explain how market systems operate and the role of specialist institutions within the markets
  • appreciate reports in the financial press about economic developments, the financial markets and their implications for industry and commerce
  • understand the techniques available to evaluate financial performance and risk.


This subject covers the following competency units of the Financial Services Training Package (FNB 99) of the Australian Qualifications Framework :

  • FNBFIN70A Prepare Financial Forecasts and Projections (microeconomics)
  • FNBACC17B Develop and Implement Financial Strategies (macroeconomics)
  • FNBACC15B Evaluate Organisation’s Financial Performance
  • FNBACC16B Evaluate Financial Risk

 

Subject 2: International Business Law and Governance


Objectives :
On completion of this subject students should be able to appreciate alternative business enterprises internationally, namely sole proprietorships, partnerships, companies and trusts; recognise the general laws which apply to such business entities internationally and appreciate the development of corporate governance regulation in different countries. The applicable comparative legislation is that of the country the student is sitting the examinations in.

Synopsis :

  • explain the principles of business law which underpin competence in management accounting
  • apply legal principles to business problems
  • advise managers and directors on the main legal issues which arise in the course of a management accountant’s work.
  • understand the need for corporate governance regulation.


This subject covers the following competency units of the Financial Services Training Package (FNB 99) of the Australian Qualifications Framework :

  • FNBACC29A Make Decisions within a Legal Context
  • BSBSBM401A Establish Business and Legal Requirements
  • FNBACC11B Monitor Corporate Governance

 

Subject 3: Business Analysis and Audit


Objectives :
On completion of this subject students should be able to revise basic mathematical concepts and skills so that they are able to understand and perform a wide variety of basic mathematical processes that are necessary for analyzing business operations; become competent in the basic use of statistical tools and techniques their applications to solve problems in business; and become competent in the use of statistical data in order to be more effective in business planning, forecasting, performance evaluation, auditing and management.

Synopsis :

  • appreciate the basic management of operations
  • apply relevant management science techniques in practical business situations
  • understand how some techniques of managerial economics are used in business decision making
  • derive management information from data using computers where appropriate to help solve problems.
  • use statistical information in numerous business applications such as planning, forecasting, performance evaluation, and internal auditing.


This subject covers the following competency units of the Financial Services Training Package (FNB 99) of the Australian Qualifications Framework :

  • BSBCMN405A Analyse and Present Research Information
  • FNBACC01B Provide Financial and Business Performance Information
  • FNBACC14B Evaluate Business Performance
  • FNBACC13B Conduct Internal Audit
  • FNBACC09B Audit/Report on Systems/Records

 

Subject 4 : International Business Taxation


Objectives :
On completion of this subject students should be able to identify the taxation issues that arise from a range of transactions and to understand international tax issues; including assessable income and exempt income; allowable deductions; special classes of taxpayers including trusts, partnerships and companies; objections and appeals; capital gains tax; fringe benefits tax; superannuation; eligible termination payments; tax collection; and tax avoidance.

Synopsis :

  • advise managers on the application of the principles of taxation to decision making
  • apply the rules of statute and case law through computation and advise on compliance
  • apply taxation knowledge to the process of formulating corporate plans.


This subject covers the following competency units of the Financial Services Training Package (FNB 99) of the Australian Qualifications Framework :

  • FNBACC22A Process Business Tax Requirements
  • FNBACC02B Prepare Income Tax Returns
  • FNBACC07B Prepare Complex Tax Returns/Lodgment
  • FNBACC10B Implement Tax Plans/Evaluate Compliance

 

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