Assessment criteria for Accountants changing from 1 July 2010

With changes expected, there is a 2 month window of opportunity for accountants still to get assessed under the current rules, thereafter specific subjects will be compulsory and Academic IELTS will also be required.

According to Institute of Charted Accountants in Australia & CPA Australia, on 1 July, assessment criteria for General Skills Migration will be as follows:-

· A formal qualification assessed as being at least comparable to an Australian Bachelor degree.

· Completion of at least 9 out of the 12 core knowledge areas at tertiary level.

· Each nominated occupation has 4 mandatory core knowledge areas – please refer to the table below.

Core Knowledge Areas	ACCOUNTANT 2211-11	FINANCE MANAGER 1211-11	CORPORATE TREASURER 2213-11	EXTERNAL AUDITOR 2212-11
Accounting Systems and Processes	compulsory	compulsory	compulsory	compulsory
Financial Accounting	compulsory	compulsory	compulsory	compulsory
Management Accounting	compulsory	compulsory	compulsory	compulsory
Accounting Theory	compulsory	optional	optional	optional
Finance	optional	compulsory	compulsory	optional
Auditing	optional	optional	optional	compulsory
Commercial Law	optional	optional	optional	optional
Economics	optional	optional	optional	optional
Quantitative Methods	optional	optional	optional	optional
Information Systems Design and Development	optional	optional	optional	optional
Taxation Law	optional	optional	optional	optional
Company Law	optional	optional	optional	optional

· IELTS Academic Test Report Form (TRF) Number to show you have a band score of at least seven (7) on each of the four (4) components – speaking, reading, listening and writing.

Please contact us if you are an Accountant and have not as yet lodged your skills assessment.