pugsandfrogs
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there was a fair bit of discussion last night regarding the degree. Someone posted this theory which I think is very creditable:
I think GBC was probably awarded a Bachelor of Business in 1990. An accountant is a bit of a generic term to most of the population, but it means different things within the professional accounting sphere. To become a Chartered Account you need to complete a Professional Year (known as PY) which is a number of subjects accounting related, that are offered in a course run by the Chartered Accountant Institute. The course is much longer than year and involve lectures and exams. I think you can fail each exam only once and if you don't pass you cannot continue. Most of the big firms, KPMG would be included in that, run course and seminars to assist there graduates to pass PY. Usually on the successful completion of the subject the costs are reimbursed, by the firm, to the student. Many firms have an expectation with graduates that the PY will be undertaken and completed, it is a condition of employment. Bearing this in mind, if GBC could not complete the PY requirement KPMG may well have shown him the door.
There are also certified accountants, but I don't know very much about their process.
Certified Practicing Accountants or CPA's are the largest Accounting Body in Australia. Graduates undergo a PY programme in much the same way as the Chartered Accountants do. Both are rigorous in nature and quite unforgiving. I have checked and GBC does not hold the office of ICA or CPA or IPA which is the Institute of Professional Accountants. Having a degree would have allowed him to continue at KPMG but he would not have been elevated to the position of Team Manager without the post graduate qualifications and so would have had little client contact and would have been a basic bookkeeper.
You are correct in that many of the Universities in Australia offer quite generic Business Degrees but you can only call yourself an Accountant if you are a full member of one of the above institutes and continue with their ongoing professional development programmes. You can only be a "student" member of ICA,CPA & IPA (even if you hold a degree), until such time as you have completed all the requirements of membership which include the post graduate study.
I hope this helps.