Hi everyone!
I know the basics – how I can be either is of course through thenormal channels. One obtains qualifications from a recognised educational institution. However, I am interested in doing it by correspondence, and would like to know if anyone reading this has already done so, and if so, what is the most effective method, best education instiution, etc. Any feed back would be greatly appreciated. I am motivated to do this souly by the fact that so many people have been ripped off, and it breaks my heart that my resources and knowledge are limited.
Peter Knight
Peter
You can become a financial planner by getting a diploma in Financial Planning (this can take as little as 8 days).
Accounting is usally a 3 year course (eg. TAFE), followed by working under someone for another 12 months or so. This is to become a registered tax agent. You can also do a conversion course if you are a uni graduate and get accounting qualifications in 18 months.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Originally posted by Terryw:You can become a financial planner by getting a diploma in Financial Planning (this can take as little as 8 days).
Accounting is usally a 3 year course (eg. TAFE), followed by working under someone for another 12 months or so.
It really does make me wonder why the government allows financial planner to provide certain advice that accountants aren’t legally allow to provide
8 days to become a financial planner versus 4+ years to become chartered accountants…
hmmm
Which would you trust to provide your parents with financial advice?
Cheers,
Aceyducey
Aceyducey
I agree!
I am a bit confused by the whole financial planner issue. It appears there are financial planner (who have done a course) and then there are certified financial planners (CFP). These CFPs have to do the diploma and then another post grad course and get some work experience as well before they can use the label ‘CFP’.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hi Peter,
just a thought. Perhaps you could get in contact with the peak body for both accounting and financial planning and ask their advice for suitable training programmes. They should be able to steer you in the right direction to ensure you pursue recognised qualifications, suited to your needs.
Regards,
HelenHi everyone, and thnaks for your responses!
A financial planner in 8 days!?! Well, I thought that was a typo at first, but obviously it’s not!
Anyway, I will look into it further.
Once again,
many thanks!
Peter Knight
Have you had any success in loking this up, Peter? I would be interested too. My sister just started her studies to become an accountant and she thinks it’s extremely difficult.
You can do a diploma in financial planning by correspondence – but I can’t for the life of me remember who offers it. If you contact the financial planning assoc as Stu suggested, they’d probably be able to tell you.
To actually ‘qualify’ I think you only need to have done modules 1 and 2 of the 8 part course…..
Cheers
MelThere are a number of private providers who can deliver the DFP course and some that are only accredited to deliver selected modules (eg 1, 3. 4. 5 etc). Get in touch with the FPA and they can supply you with a list of organisations who can deliver which subjects. I have worked in the industry and have used FPA (through Deakin Uni) and Integratec now known as Tribecca. It is really a mix and match job as for who you use for different modules. Some let you fast track, others will deliver the each module over 6 months.
To be complient in the financial planning industry now you must be PS146 complient or something like that. Basically this means you need to have done modules 1 – 5 to work as a planner, but to work as an adviser i think it is only the first 2…not sure on this.
I used to work as a planner for one of the big 4 banks but got out as the job was selling products and not providing unbiased advice. As for becoming a planner in 8 days – what a load of hogwash. You may be able to sit through a theory lecture in 8 full days but you will still need to study it know it, do assignments and exams etc. My advice to you would be – if you can sell then join a big 4 because that is what you will do..if you want to give advice go to a specialist accounting/planning practice.
I’ve got a business degree major in IT. I graduated about 3 years ago. I just looked into accounting recently (actually I am still researching/thinking about if I want to do it).
Anyway, if you have done the basic business degree then you should be able to get credit for all of the base business degree subjects. The reason for this is because accounting is simply a business degree with an accounting major.
So if you are in this position then all you need to do is 8 major subjects (1 year fulltime or what ever partime). You can also get HECS by enrolling in a new degree altogether and then applying for credit. This way you avoid paying upfront uni fees.
Hope that helps,
MarkyMark
For those interested, here is the link to the 8 day course (cost $3800).
http://www.ps146.com.auTerryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
And another one via correspondence at Tribeca:
http://www.tribeca.com.au/content.asp?Document_ID=286Cost is $545 per course or about $2180 all up.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
all universities offer their courses through distant education. its done thru open learning and you can get more information by calling any business school of any university or by visiting the website: http://www.ola.com.au
good luck
ps. accounting is very difficult (for me anyway)[cap]
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