Graduate Program Stage 1

Graduate Management Accountant (GMA) Program: Stages 1- 4

Stage 1

Organizational Management
Accounting Principles & Practice

Accounting Control Systems
Financial Information Systems

Stage 2

Financial Economics
International Business Law & Governance

Business Analysis & Audit
International Business Taxation

Stage 3

Financial Accounting
Marketing Management

Information Management
Strategic Management

Stage 4

Financial Management
Financial Statement Analysis

Financial Modeling
Managerial Accounting




Certified Accounting Technician Program (GMA Program Stage 1)

Unit 1 : Organisational Management

Objectives :

On completion of this subject students should have an understanding and appreciation of the managerial role and the contribution managers make to organisational effectiveness; within a financial services context; have an understanding of the major managerial strategy and functions; demonstrate an awareness of the major behavioural science theories and concepts relating to the behaviour and communication in the workplace, performance and productivity of individuals and groups in organisations; be capable of formulating and critically evaluating alternative courses if managerial action; be able to analyse organisational situations using the knowledge and frameworks gained during the course in order to better understand, work as part of a team and predict and influence the behaviour of individuals and groups within organisations. Students should also be able to use technology in the workplace, apply health and safety practices and be able to resolve customer complaints in the workplace.

Synopsis :

  • explain the concept of strategy and its importance for organisational success
  • contribute effectively to successful management of change, enlightened human resource policies and orderly organisational development
  • contribute to the framing of appropriate human resource policies for the business and finance functions, to meet the organisation’s objectives.

This subject covers the six industry core units applicable from Certificate III in Financial Services (Accounts Clerical) in the Australian Qualifications Framework. As such, those possessing Certificate III qualifications will be given Recognised Prior Learning (RPL) credit in this unit.

The six industry core units are :

FNBFS01B Work within a Financial Services Context
FNBFS02A Communication in the Workplace
FNBFS03B Work as part of a Team
FNBFS04B Use Technology in the Workplace
FNBFS05A Apply Health and Safety Practices in the Workplace
FNBFS06B Resolve Customer Complaints

Unit 2 : Accounting Principles and Practice

Objectives :

On completion of this subject, students should be able to understand how to prepare accounting records including profit and loss statements and balance sheets under the accrual concept of accounting for different types of business organisations. The nature purpose and limitations of accounting reports and the use of accounting information in decision-making is also covered.

Synopsis :

  • explain the operation of financial accounting systems (manual and computerised) and prepare simple financial statements for incorporated and unincorporated businesses.
  • relate basic accounting concepts to financial accounting
  • interpret simple financial statements and draw conclusions
  • read the accounts of a company (without and with subsidiaries or associates)
  • understand the reasons establishing internal control system.

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

FNBACC04B Prepare Financial Reports for a Reporting Entity
FNBACC06B Implement and Maintain Internal Control Procedures
FNBACC28A Prepare Complex Corporate Financial Reports
FNBACC31A Prepare Financial Statements

Unit 3 : Accounting Control Systems

Objectives :

On completion of this subject students should understand how a variety of costing systems are designed and implemented in manufacturing, merchandising and service industries; appreciate the differences and conflicts between financial accounting and management accounting information systems and demonstrate the flow of costs through inventory, payroll and overhead accounts into the profit and loss statements. Students should also have a sound understanding of implementing organizational improvement programs.

Synopsis :

  • understand how component elements of cost make up the total cost of an activity, service or product
  • prepare cost accounting records and statements of profit for management from cost accounting records in particular operational environments
  • explain the purpose of various cost accounting methods and activities, and their relevance to management and decision making
  • recognise when a quantitative approach is applicable use quantitative methods to obtain accurate and reliable management information; explain and present results.
  • implement organizational improvement programs.

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

FNBACC03B Manage Budgets and Forecasts
FNBACC12B Implement Organizational Improvement Programs
FNBACC23A Produce Job Costing Information
FNBACC24A Prepare Operational Budgets
FNBACC27A Prepare & Analyse Management Accounting Information
FNBACC30A Provide Management Accounting Information

Unit 4 : Financial Information Systems

Objectives :

On completion of this subject students should have developed an understanding of information technology and its use in a business environment; the concepts behind a comprehensive accounting package; the role of databases in business computing; the internal control issues relating to computers; the specification and selection issues for major computer systems; the impact of information technology on business processes; the preparation, uses, characteristics and limitations of financial models; advanced logic within financial models; the principles of structured programming in spreadsheet macro languages; designing, testing; debugging, coding and documenting macro programs.

Synopsis :

  • explain how business information systems are structured, and the reasons for differing structures
  • explain the influences of information technology on business organization
  • comment on the impact of information technology on business organisations.

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

FNBACC32A Maintain Asset and Inventory Records
BSBADM404A Develop and Use Complex Databases
FNBACC21A Setup and Operate a Computerised Accounting System
BSBRKG403A Setup Records System for Small Business
FNBACC05B Establish and Maintain Accounting Information Systems