What Is Professional Year Accounting and What Are Its Entry Requirements?
If you have recently graduated with a degree in Accounting from an Australian institute, you may also consider doing a professional year program Accounting. However, Successful completion makes you skilled enough to find an attractive job. The program lasts for only 44 weeks and is divided into classroom lessons and an internship program. Hence, it allows learning the essential topics from a theoretical as well as a practical point of view. Go through this post to learn more about it.
What Is a Professional Year Program in Accounting?
The professional year program in Accounting is an industry-specific skill development course designed for international students who have earned a degree in the related field after studying for a minimum of 2 years in Australia. Previously, it was known as SMIPA.
Hence, the Australian Department of Home Affairs approves it.
This program will help you gain valuable professional experience in a registered Australian workplace. Your practical learning and professional development will focus on several key areas, including work preparations, culture, and ethics.
In the 44-week timeframe, 32 weeks are specified for classroom lessons, because with the remaining 12 weeks covering the mandatory internship program in a reputed Australian company. Therefore, it gives the candidates the pathway to their permanent residency in Australia.
Which Are the Organisations behind the Development of This Program?
CPA Australia had partnered with the Institute of Public Accountants (IPA) and the Chartered Accountants Australia and New Zealand to develop this program. All these three organizations have the right to approve the program providers.
You do not need to be a member of one of these professional accounting authorities to finish your PYP accounting.
Does CPA Australia Offer PYP Accounting Itself?
Many people ask whether CPA Australia offers professional Accounting courses or not.
CPA Australia does not provide this course itself. But its responsibility is to approve the registered providers of this program.
Look at the Approved Accounting PYP Providers
However, here we provide a complete list of approved PYP accounting providers.
Accountants Resource Centre (ARC): Brisbane, Adelaide, Hobart, Canberra, Sydney, and Melbourne
Education Centre of Australia: Melbourne, Brisbane, and Sydney
Australian Technology and Management College (ATMC): Sydney and Melbourne
Indus Institute: Toowoomba, Brisbane, Hobart, and Canberra
Navitas Professional: Brisbane, Adelaide, Darwin, Canberra, Perth, Sydney, and Melbourne
Monash Professional Pathways: Melbourne
Stanley College: Perth and Adelaide
Performance Education: Brisbane, Melbourne, Adelaide, Sydney, and Perth
TOP Education: Sydney
What Are the Entry Requirements?
If you plan to enrol in one of those top institutes, however, you must meet some specific entry requirements.
Australian Study Requirement
The primary requirement is to earn one or more degrees in accounting from an Australian institute. Make sure that you have become a graduate after studying for a minimum of 2 years.
2 academic years is equivalent to 92 weeks of full-time study according to the CRICOS (Commonwealth Register of Institutions and Courses for Overseas Students).
Holding a Relevant Visa
Your Australian Student Visa 500 expires when you finish your studies. But, if you need to stay back in this country to pursue higher studies, you will be required to apply for a Temporary Graduate Visa Subclass 485. So, before you enrol in your professional year Accounting course, you must apply for and obtain this visa.
There are two streams under this visa – Graduate Work Stream and Post-Study Work Stream. However, the Graduate Work Stream allows a holder to stay for 18 months, the period of stay becomes 2 to 4 years in the case of the other stream.
But for the Post-Study Work Stream, holding a bachelor’s or master’s is necessary. Because, if you meet this requirement, go for this stream because it involves a higher validity period.
But if you do not receive your Graduate Visa before your enrolment, you must hold a valid bridging visa.
English Language Requirement
Australia is an English-speaking country. You have to communicate with everyone here in English. That is because every application requires you to have adequate proficiency in the language.
You can show the results of an internationally recognized English language test like the IELTS. The minimum requirement is 6 in each test component. Likewise, you can show other test results, too. For example, if you want to show PTE results, ensure that you have obtained at least 50 in each band. Equivalent scores of Cambridge Advanced English and TOEFL iBT are also allowed.
Note that you also have to meet this requirement while applying for your 485 Visa. Because in that case, you must score at least an overall band score of 6 with 5 in each band.
Also, remember that the relevant authority will only accept the results of the tests conducted at authorized centers. They will cross-check the information from the test provider’s portal.
Having a Positive Skills Assessment
For enrolling in a professional year program in accounting, you have to undertake a skills assessment conducted by one of the professional bodies (CPA Australia, IPA, and Chartered Accountants Australia and New Zealand). The assessment outcome should be positive.
Undertaking a Pre-Enrolment Interview
You must not forget to appear for a pre-enrolment interview with the registered provider to ensure course viability and suitability.
What Documents to Be Submitted at the Time of Enrolment?
No application is complete without documents. So, at the time of enrolment in your Accounting professional year program, make sure you have gathered all the necessary paperwork, as follows.
A positive skills assessment document issued by one of the professional accounting authorities
A course completion letter from your university
Your university academic transcripts
A certified copy of your valid passport
Valid visa details
An IELTS test result, with 6 in each test component or an equivalent score in TOEFL iBT, PTE, or Cambridge Advanced English
Understand the Course Structure
However, before you enrol in your program, it is also necessary to thoroughly understand the course structure.
32-week Classroom Lessons
Likewise, the following topics are covered in this part.
Australian workplace context
Workplace influence and development of teamwork skills
Professional practice and decision making
Professional and workplace standards
Interview and communication skills required to achieve success
Job search and career skills
12-week Internship Program
In this 240-hour supervised internship placement training, you will get the chance to implement your theoretical skills in a practical workplace environment. Choosing a top institute will ensure an internship in a reputed company.
How to Choose Your Institute?
While choosing your institute for a professional year program Accounting Adelaide, consider the following factors.
The range of host employers offered for the internship
The education provider’s reputation
Whether there are additional programs on offer, such as the English language
What recent graduates and students recommend
Whether recent graduates have found suitable employment positions in the industries
The total cost of the program
Support on offer
Keep in Mind the Attendance Factor
But the Immigration department requires all students to maintain 100% attendance during the course.
Completing a professional year course in Accounting from an Adelaide institute will turn your dream of finding a job in Australia into reality. So, in addition, it will also help you collect valuable 5 points towards your permanent skilled migration visa application. So, meet the entry requirements, submit the documents carefully, and stay compliant with the course rules and regulations.