Financial Planning and Taxation, Testamur Major (T024)

This is an archived copy of the 2022-2023 catalog. To access the most recent version of the catalog, please visit https://hbook.westernsydney.edu.au.

  • 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 4003Advanced Taxation Law10
FINC 3004Financial Planning10
LAWS 2005Financial Services Law10
FINC 3006Insurance Advising - Theory and Practice10
LAWS 2016Law of Commercial Obligations10
FINC 2002Personal Asset Management10
FINC 3014Retirement and Succession Planning10
LAWS 3067Self-Managed Superannuation and Trusts10
Total Credit Points80

Equivalent Subjects  

The subjects listed below counts towards completion of this major for students who passed these subject in 2022 or earlier.

JUST 2011 Law of Commercial Obligations, replaced by LAWS 2016 Law of Commercial Obligations from 2023.

Recommended Sequence

Full-time start-year intake

Plan of Study Grid
Year 1
Autumn sessionCredit Points
ACCT 1005 Accounting in Context 10
LAWS 1001 Enterprise Law 10
ECON 1011 Principles of Economics 10
Select one of the following: 10
ECON 1006
 Introduction to Economic Methods  
MATH 1030
 Statistics for Business  
 Credit Points40
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 Points40
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 Points40
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 Points40
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 Points40
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
LAWS 2016 Law of Commercial Obligations 10
 Credit Points40
 Total Credit Points240

Part-time start-year intake

Plan of Study Grid
Year 1
Autumn sessionCredit Points
ACCT 1005 Accounting in Context 10
LAWS 1001 Enterprise Law 10
 Credit Points20
Spring session
ECON 1011 Principles of Economics 10
Select one of the following: 10
ECON 1006
 Introduction to Economic Methods  
MATH 1030
 Statistics for Business  
 Credit Points20
Year 2
Autumn session
ACCT 1007 Financial Accounting Applications 10
ECON 2002 Corporate Financial Management 10
 Credit Points20
Spring session
ACCT 1010 Management Accounting Fundamentals 10
LAWS 2010 Law of Business Organisations 10
 Credit Points20
Year 3
Autumn session
ACCT 2005 Techniques in Financial Accounting 10
ACCT 2001 Contemporary Management Accounting 10
 Credit Points20
Spring session
LAWS 3070 Taxation Law 10
FINC 3006 Insurance Advising - Theory and Practice 10
 Credit Points20
Year 4
Autumn session
ACCT 3001 Accounting Information Systems 10
FINC 2002 Personal Asset Management 10
 Credit Points20
Spring session
ACCT 3003 Accounting Standards and Governance 10
FINC 3014 Retirement and Succession Planning 10
 Credit Points20
Year 5
Autumn session
ACCT 3007 Corporate Accounting Systems 10
LAWS 4003 Advanced Taxation Law 10
 Credit Points20
Spring session
ACCT 3006 Auditing and Assurance Services 10
LAWS 3067 Self-Managed Superannuation and Trusts 10
 Credit Points20
Year 6
Autumn session
FINC 3004 Financial Planning 10
LAWS 2005 Financial Services Law 10
 Credit Points20
Spring session
LAWS 2016 Law of Commercial Obligations 10
ACCT 3011 The Accountant as a Consultant 10
 Credit Points20
 Total Credit Points240

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

JUST 2011 Law of Commercial Obligations, replaced by LAWS 2016 Law of Commercial Obligations

Related Programs

Bachelor of Accounting (2783)