Financial Planning and Taxation, Testamur Major (T024)
- Western Sydney University Major Code: T024
Previous Code: MT2039.1
The Financial Planning and Taxation major is available to participants enrolled in the Bachelor of Accounting. The specialised subjects in this major analyse contemporary issues relevant to financial planning and taxation using case studies and discussion. This major satisfies the accreditation requirements of the Financial Planning Association (FPA) of Australia to become a Financial Planner AFP® and prepares students for entry into the CFP® Certification, It is also accredited by, and meets the education requirements of the Financial Planning Education Council (FPEC) which satisfies the new federal government education requirements as mandated by the Financial Adviser Standards and Ethics Authority (FASEA). Completion of this major also meets the financial advising industry’s RG146 generic knowledge requirements, specialist knowledge requirements and skills requirements as they currently stand. Details regarding these requirements can be found on the Bachelor of Accounting page. In addition, completion of this major satisfies the tertiary education requirements to register as a Tax (Financial) Adviser and a Tax Agent with the Tax Practitioners Board (TPB) (pending completion of all subjects specified in the sequence of study for the major), subject to relevant work experience.
Location
| Campus | Mode | Advice |
|---|---|---|
| Parramatta City Campus-Macquarie Street | Internal | Program Advice |
Major Structure
Students must complete 80 credit points as follows.
| Subject | Title | Credit Points |
|---|---|---|
| LAWS 4003 | Advanced Taxation Law | 10 |
| FINC 3004 | Financial Planning | 10 |
| LAWS 2005 | Financial Services Law | 10 |
| FINC 3006 | Insurance Advising - Theory and Practice | 10 |
| JUST 2011 | Law of Commercial Obligations | 10 |
| FINC 2002 | Personal Asset Management | 10 |
| FINC 3014 | Retirement and Succession Planning | 10 |
| LAWS 3067 | Self-Managed Superannuation and Trusts | 10 |
| Total Credit Points | 80 | |
Recommended Sequence
Full-time start-year intake
| Year 1 | ||
|---|---|---|
| Autumn session | Credit Points | |
| ACCT 1005 | Accounting in Context | 10 |
| LAWS 1001 | Enterprise Law | 10 |
| ECON 1011 | Principles of Economics | 10 |
| Select one of the following: | 10 | |
| Introduction to Economic Methods | ||
| Statistics for Business | ||
| Credit Points | 40 | |
| Spring session | ||
| ACCT 1007 | Financial Accounting Applications | 10 |
| ECON 2002 | Corporate Financial Management | 10 |
| LAWS 2010 | Law of Business Organisations | 10 |
| FINC 3006 | Insurance Advising - Theory and Practice | 10 |
| Credit Points | 40 | |
| Year 2 | ||
| Autumn session | ||
| ACCT 1010 | Management Accounting Fundamentals | 10 |
| ACCT 2005 | Techniques in Financial Accounting | 10 |
| LAWS 3070 | Taxation Law | 10 |
| FINC 2002 | Personal Asset Management | 10 |
| Credit Points | 40 | |
| Spring session | ||
| ACCT 2001 | Contemporary Management Accounting | 10 |
| ACCT 3003 | Accounting Standards and Governance | 10 |
| ACCT 3001 | Accounting Information Systems | 10 |
| FINC 3014 | Retirement and Succession Planning | 10 |
| Credit Points | 40 | |
| Year 3 | ||
| Autumn session | ||
| ACCT 3007 | Corporate Accounting Systems | 10 |
| LAWS 4003 | Advanced Taxation Law | 10 |
| LAWS 2005 | Financial Services Law | 10 |
| FINC 3004 | Financial Planning | 10 |
| Credit Points | 40 | |
| Spring session | ||
| ACCT 3011 | The Accountant as a Consultant | 10 |
| LAWS 3067 | Self-Managed Superannuation and Trusts | 10 |
| ACCT 3006 | Auditing and Assurance Services | 10 |
| JUST 2011 | Law of Commercial Obligations | 10 |
| Credit Points | 40 | |
| Total Credit Points | 240 | |
Part-time start-year intake
| Year 1 | ||
|---|---|---|
| Autumn session | Credit Points | |
| ACCT 1005 | Accounting in Context | 10 |
| LAWS 1001 | Enterprise Law | 10 |
| Credit Points | 20 | |
| Spring session | ||
| ECON 1011 | Principles of Economics | 10 |
| Select one of the following: | 10 | |
| Introduction to Economic Methods | ||
| Statistics for Business | ||
| Credit Points | 20 | |
| Year 2 | ||
| Autumn session | ||
| ACCT 1007 | Financial Accounting Applications | 10 |
| ECON 2002 | Corporate Financial Management | 10 |
| Credit Points | 20 | |
| Spring session | ||
| ACCT 1010 | Management Accounting Fundamentals | 10 |
| LAWS 2010 | Law of Business Organisations | 10 |
| Credit Points | 20 | |
| Year 3 | ||
| Autumn session | ||
| ACCT 2005 | Techniques in Financial Accounting | 10 |
| ACCT 2001 | Contemporary Management Accounting | 10 |
| Credit Points | 20 | |
| Spring session | ||
| LAWS 3070 | Taxation Law | 10 |
| FINC 3006 | Insurance Advising - Theory and Practice | 10 |
| Credit Points | 20 | |
| Year 4 | ||
| Autumn session | ||
| ACCT 3001 | Accounting Information Systems | 10 |
| FINC 2002 | Personal Asset Management | 10 |
| Credit Points | 20 | |
| Spring session | ||
| ACCT 3003 | Accounting Standards and Governance | 10 |
| FINC 3014 | Retirement and Succession Planning | 10 |
| Credit Points | 20 | |
| Year 5 | ||
| Autumn session | ||
| ACCT 3007 | Corporate Accounting Systems | 10 |
| LAWS 4003 | Advanced Taxation Law | 10 |
| Credit Points | 20 | |
| Spring session | ||
| ACCT 3006 | Auditing and Assurance Services | 10 |
| LAWS 3067 | Self-Managed Superannuation and Trusts | 10 |
| Credit Points | 20 | |
| Year 6 | ||
| Autumn session | ||
| FINC 3004 | Financial Planning | 10 |
| LAWS 2005 | Financial Services Law | 10 |
| Credit Points | 20 | |
| Spring session | ||
| JUST 2011 | Law of Commercial Obligations | 10 |
| ACCT 3011 | The Accountant as a Consultant | 10 |
| Credit Points | 20 | |
| Total Credit Points | 240 | |
Equivalent Subjects
The subjects listed below count towards completion of the program for students who may have passed subjects in the list in 2022 or earlier.
FINC 1001 - Management Accounting Fundamentals, replaced by ACCT 1010 Management Accounting Fundamentals