Appendix 3: Professional competency areas and learning outcomes (detailed)

PCA01: Intellectual skills

Intellectual skills enable a professional accountant to evaluate data and information, apply critical thinking to solve problems, make decisions and exercise good judgment in complex organisational situations.

Learning outcomes

At a minimum, graduates are expected to be able to:

LO1 Evaluate data and information from a variety of sources and perspectives through research, integration, and analysis
LO2 Apply critical thinking skills to identify and solve problems, inform judgments, make decisions, reach well-reasoned conclusions and make recommendations where applicable

PCA02: Interpersonal and communication skills

Interpersonal and communication skills enable a professional accountant to work with others for the common good of the organisation, receive and transmit information, form reasoned judgments and make decisions effectively.

Learning outcomes

At a minimum, graduates are expected to be able to:

LO1 Demonstrate an understanding of collaboration, cooperation, and teamwork when working towards organisational goals
LO2 Communicate clearly and concisely when presenting, discussing and reporting knowledge and ideas in formal and informal situations
LO3 Demonstrate an awareness of cultural and language differences in all communication
LO4 Apply active listening and effective interviewing techniques
LO5 Apply negotiation skills to reach solutions and agreements

PCA03: Personal skills

Personal skills relate to the attitudes and behaviour of professional accountants. Developing these skills helps individual learning and personal improvement.

Learning outcomes

At a minimum, graduates are expected to be able to:

LO1 Set high personal standards of performance and monitor through reflective activity and feedback from others
LO2 Manage time and resources to achieve academic, personal and/or professional commitments
LO3 Anticipate challenges and plan potential solutions
LO4 Apply an open mind to new opportunities
LO5 Identify the potential impact of personal and organisational bias
LO6 Identify the implications of professional values, ethics and attitudes in decision making

PCA04: Ethical principles, professional values and integrity

An understanding of ethical and professional values and attitudes is an important element in the development of accounting professionals. It's expected that higher education providers' programs will pay attention to the fundamental ethical values of integrity, objectivity and confidentiality, as well as professional competence and due care.

Learning outcomes

At a minimum, graduates are expected to be able to:

LO1 Explain the nature of ethics
LO2 Explain the advantages and disadvantages of rules-based and principles-based approaches to ethics
LO3 Identify threats to compliance with the fundamental principles of ethics
LO4 Explain the role and importance of ethics within the profession and in relation to the concept of social responsibility
LO5 Explain the role and importance of ethics in relation to business and good governance
LO6 Explain the interrelationship of ethics and law, including the relationship between laws, regulations and the public interest