Use this skills list to help demonstrate your experience. The skills list provides an explanation of the skill, and provides examples of how you may demonstrate your competence in that skill.

The examples are intended to give you a better understanding of the types of tasks you may perform in order to demonstrate that you are competent in the skill. The example you use may vary depending on your role and workplace. You may use an example provided or you may submit a relevant example of your own to demonstrate your competence.   

The skill areas do not refer to the specific legislation of any country and have been designed to be as relevant to your work, wherever that may be. 

Over the course of your experience, you must demonstrate a minimum of 10 skills, across four categories: Technical, Personal effectiveness, Business and Leadership. You do not need to satisfy all 10 skills in any one role you’ve held.

To help you claim your experience, we’ve showcased some examples that will demonstrate how you can match your skills to the skills list and get your experience signed-off.

Technical

You will need to demonstrate a minimum of four skills in this category. If you have gained a technical skill that is not included in the skills list, you may claim other technical skills, and provide information on the skill you have gained for CPA Australia verification. The skill should be at an equivalent level to other skills in the list, and you may describe a maximum of three additional skills out of the four technical skills.

Personal effectiveness

You will need to demonstrate a minimum of two skills in this category, and both must be selected from the skills list.

Business

You will need to demonstrate a minimum of two skills in this category, and both must be selected from the skills list.

Leadership

You will need to demonstrate a minimum of two skills in this category, and both must be selected from the skills list.

Personal effectiveness skills 

Develop your communication, interpersonal and self-management skills so that you can improve your personal and professional performance.

You must demonstrate: Two skills from the list below

Demonstrating professional self awareness

Code: PER1

Competence is demonstrated when you show you are aware of the qualities required of a professional in the workplace. You should be confident in your professional ability, accept responsibility for your work and complete all the tasks required to finish work.

Demonstrate your competence by:

  • successfully managing a change in the workplace
  • representing the organisation’s core values
  • managing your emotions in order to maintain your professionalism
  • taking initiative by identifying and solving a problem
  • completing training and reviewing your training needs
  • requesting assistance when necessary in order to complete a task
  • improving your performance by asking your colleagues to evaluate and review your work
  • participating in opportunities to update professional and personal skills in order to better meet the requirements of your role

Building relationships and interpersonal skills

Code: PER2

Competence is demonstrated when you build relationships and communicate with others. You should be able to modify your behaviour when necessary to work with others to meet shared goals and operate effectively in a team environment.

Demonstrate your competence by:

  • meeting individual and team goals, tasks, responsibilities and schedules
  • modifying your behaviour to work better with others
  • establishing business contacts by interacting with others
  • working effectively as part of a team
  • assisting a colleague achieve their objective or finish a task
  • using key contacts and networks to benefit the organisation
  • exchanging information with colleagues to support organisational objectives

Communicating effectively in the workplace

Code: PER3

Competence is demonstrated when you use verbal, written and interpersonal communication skills effectively in the workplace. This means that you can communicate appropriately with colleagues, clients and other key parties. You should be able to adjust your communication style to suit the audience and situation, listen effectively and give and receive advice.

Demonstrate your competence by:

  • chairing a meeting or discussion group
  • presenting on a topic relevant to your role
  • making a significant written or verbal contribution to a meeting
  • using appropriate communication styles with people from a different culture
  • effectively resolving a conflict or disagreement with a colleague or client
  • using your negotiation skills to resolve an issue or problem
  • drafting letters, project plans or other documents related to your work

Applying critical analysis and professional judgement

Code: PER4

Competence is demonstrated when you understand and evaluate issues and make decisions based on your analysis and professional judgement.

Demonstrate your competence by:

  • checking that information gathered for analysis is accurate and comprehensive
  • evaluating information against set criteria
  • interpreting trends, developing options and identifying key issues relating to facts
  • making a decision based on the information gathered, ideas generated and evaluation performed
  • contributing to written or verbal communication on decisions or proposals
  • contributing to business improvements or new processes

Leadership skills

Develop your awareness of ethics and governance in the workplace while enhancing your planning and decision making skills, helping you realise your potential as a strategic business leader.

You must demonstrate: Two skills from the list below

Embracing ethics and good governance

Code: LEA1

Competence is demonstrated when you behave ethically and with personal integrity. You should respect confidentiality, compliance and the ethical obligations of your chosen profession. You should be able to identify the need for good governance and how it can be effectively implemented into an organisation.

Demonstrate your competence by:

  • complying with the organisation’s policies and procedures
  • applying the code of conduct of an organisation and profession in relevant situations
  • making ethical decisions based on honesty, integrity, objectivity and confidentiality
  • evaluating whether the resources available for helping you make ethical decisions about corporate governance are appropriate
  • contributing to a presentation, meeting or communication on ethical standards

Embracing diversity

Code: LEA2

Competence is demonstrated when you recognise and readily adapt your behaviour in respect of diversity. Workplace diversity includes the diversity of background, culture, gender, ability, religious beliefs, lifestyle preferences and generational differences.

Demonstrate your competence by:

  • adjusting your behaviour to recognise difference
  • applying your understanding of differences in communication material
  • researching workplace diversity and applying knowledge to appropriate situations
  • adjusting your personal behaviour and where appropriate
  • encouraging others to adjust their behaviour, in order for the group to succeed
  • attending training or events that broaden your experience and knowledge of diversity

Planning and innovative thinking

Code: LEA3

Competence is demonstrated when you understand the importance of planning and contributing to improving business plans and processes. You should be able to set challenging goals and objectives and understand how organisational goals relate to personal and team goals.

Demonstrate your competence by:

  • contributing to or supporting a new idea, strategy or process
  • participating in trend analysis to inform business plans and improvements
  • contributing to your performance development plan, outlining goals, objectives and performance measures
  • planning and adapting work to achieve personal, team or organisational goals and objectives
  • participating in the business planning process
  • identifying how a new strategy or process will affect everyday tasks

Problem solving and decision making

Code: LEA4

Competence is demonstrated when you can contribute to problem solving and decision making by using relevant information and available resources. You should be able to identify issues and recommend potential solutions based on your research.

Demonstrate your competence by:
  • identifying problems and issues
  • contributing to the resolution of an issue in your organisation
  • contributing to written or verbal communication on issues or problems to be solved and the decisions taken to achieve a resolution
  • analysing how decisions will affect your work

Business skills

Understanding the regulatory environment

Code: BUS1

Competence is demonstrated when you interpret and apply relevant legislation and standards to your work. You should have an understanding of the regulatory environment that affects how the organisation operates.

Demonstrate your competence by:

  • applying regulations or professional standards to your work
  • contributing to a presentation, meeting or communication about the regulatory standards that apply to professional activities explaining how regulations impact the organisation
  • applying regulations to complete a task

Using technology for business

Code: BUS2

Competence is demonstrated when you can use information technology and systems to effectively perform in the workplace. You should be able to use software and technology to manage your work and understand the importance of information technology and information systems controls.

Demonstrate your competence by:

  • contributing to managing information technology in an organisation. This may include participating in, organising or conducting induction training, ongoing training, document control, security of information and data or privacy protection
  • working with information technology professionals to design a solution to a reporting, recording or financial investigation issue
  • using software and applications for communication and collaboration
  • contributing to the assessment of associated risks of information technology and systems in the workplace
  • contributing to strategies to control risks faced by the organisation because of the use of information technology and systems
  • effectively dealing with business and accounting issues by using information technology systems and tools

Understanding the business environment

Code: BUS3

Competence is demonstrated when you show your understanding of how the domestic and global environment influences the organisation or client’s business. You should be able to understand how local and global market trends affect business and continually expand your knowledge to gain a better understanding of the business environment.

Demonstrate your competence by:

  • researching to enhance your understanding of the business environment
  • researching factors that influence the business environment
  • presenting to or briefing key parties about the business environment
  • contributing to strategies and processes for an organisation
  • contributing to planning in an organisation

Applying business analysis and risk management

Code: BUS4

Competence is demonstrated when you understand and apply business analysis tools and skills for risk management. You should be able to identify the level of risk, the different types of risk, how future risk will affect the business and contribute to planning how business can deal with the identified risk.

Demonstrate your competence by:

  • researching the factors that influence business and the business environment and how these will affect the business strategy
  • contributing to planning how the organisation will respond to risk
  • communicating results of business analysis and risk management strategies to key parties
  • contributing to a presentation, meeting or communication to inform key parties on business risks

Technical skills

Develop your practical proficiency and expertise in accounting and finance.

You must demonstrate: Four technical skills, selected from any of the below sub-sections of Auditing, Financial accounting, Financial planning, Financial risk management, Insolvency, Management accounting and Taxation.

Auditing 

Planning an audit

Code: AUD1

Competence is demonstrated when you contribute to the various stages of audit planning. You should be able to identify key parties, research and contribute to the preparation of audit proposals, engagement letters and budgets.

Demonstrate your competence by:

  • contributing to the preparation of an audit proposal, audit engagement letter and audit budget
  • identifying and researching the audit client’s industry and business environment
  • contributing to meetings or discussions about the audit plan
  • contributing to the briefing of an audit team on audit issues

Performing an audit

Code: AUD2

Competence is demonstrated when you participate in performing an audit.

Demonstrate your competence by:

  • following an audit plan under supervision
  • participating in selecting appropriate audit methodology
  • identifying areas of risk in relation to audit objectives
  • contributing to the preparation of a draft audit report
  • monitoring and evaluating an audit against objectives
  • analysing business and financial risks

Promoting audit awareness

Code: AUD3

Competence is demonstrated when you promote audit awareness within the organisation or with clients. You should have current knowledge of audit standards.

Demonstrate your competence by:

  • informing key parties of a technical update by contributing to internal or external communications
  • contributing to a presentation on audit issues
  • assisting an organisation or client understand audit issues
  • applying regulatory changes and audit methodologies to your work
  • contributing to a presentation, meeting or communication promoting audit awareness

Participating in audit control and improvement

Code: AUD4

Competence is demonstrated when you participate in the development and maintenance of audit controls and improvements in the audit process.

Demonstrate your competence by:

  • contributing to improving the audit process
  • contributing to the development of audit controls
  • contributing to the maintenance of audit controls

Financial accounting 

Determining financial reporting requirements

Code: FAC1

Competence is demonstrated when you contribute to determining the financial reporting requirements of an organisation. You should be able to identify the information requirements of a report user and identify, apply and monitor changes to financial reporting requirements.

Demonstrate your competence by:

  • determining the financial statements that are required by an organisation or a client
  • applying regulatory requirements when preparing statements
  • researching changes to regulations that affect the organisation or client
  • researching the financial reporting regulatory environment in the organisation’s or client’s industry
  • contributing to a presentation, meeting or communication about reporting requirements

Processing recorded financial information

Code: FAC2

Competence is demonstrated when you process an organisation’s financial information for financial statements.

Demonstrate your competence by:

  • processing financial information required for periodic financial statements
  • recording and measuring financial information according to accounting standards and regulatory requirements
  • contributing to a presentation, meeting or communication that explains how financial information is processed
  • operating the relevant computer software the organisation uses to process financial information
  • applying the organisation’s policy on expense recognition, asset recognition and depreciation in your work

Preparing financial statements

Code: FAC3

Competence is demonstrated when you prepare an organisation’s draft and final financial statements. Your preparation of financial statements should meet objectives and all regulatory requirements. You should be able to recognise when an expert opinion is required.

Demonstrate your competence by:

  • preparing or contributing to the preparation of financial statements
  • preparing or contributing to the preparation of consolidated financial statements and disclosure notes
  • identifying the impact of the financial statements on stakeholders
  • analysing and interpreting financial statements for key parties
  • gathering information required to prepare a financial statement
  • consolidating financial statements into a formal document for distribution by management
  • preparing financial statements in compliance with accounting standards and regulatory requirements
  • researching changes to regulations that affect how financial statements are prepared

Ensuring financial information is reliable

Code: FAC4

Competence is demonstrated when you establish the financial information of an organisation is reliable. You should be able to understand systems and assurance processes and assess their effectiveness.

Demonstrate your competence by:

  • contributing to a process improvement that makes financial information more reliable
  • applying the systems and assurance processes used in an organisation
  • testing and monitoring relevant information systems for their effectiveness, including whether they are cost effective, meet reporting needs, are easy to use and are accessible
  • preparing reports or other documents that summarise how information systems were tested or monitored for their effectiveness
  • analysing the key financial reporting risks of an organisation
  • contributing to a presentation, meeting or communication about the effectiveness of systems and assurance processes

Financial planning 

Determining the financial expectations and goals of a client

Code: FPL1

Competence is demonstrated when you contribute to establishing and defining a client’s financial situation. You should be able to generate and explain strategic options to a client.

Demonstrate your competence by:

  • assessing a client’s risk profile
  • researching a client’s situation
  • contributing to establishing the client’s needs or objectives
  • contributing to a presentation, meeting or communication about the client’s situation
  • contributing to a meeting with the client about their needs or objectives
  • maintaining the client relationship through consistent interaction

Developing a financial plan

Code: FPL2

Competence is demonstrated when you participate in developing a financial plan.

Demonstrate your competence by:

  • contributing to developing a financial plan
  • contributing to establishing the scope of potential services to provide to the client
  • discussing recommendations on how to implement strategies
  • developing a schedule for a financial plan
  • researching issues relevant to the development of a financial plan
  • contributing to evaluating and presenting a range of options to the client

Implementing a financial plan

Code: FPL3

Competence is demonstrated when you participate in implementing a financial plan. You should be able to define key assumptions, establish actions, follow client instructions and provide services to a defined standard.

Demonstrate your competence by:

  • applying the relevant policy and procedures for implementing financial plans
  • conducting analysis and modelling exercises
  • developing a schedule that outlines the stages of the implementation of the financial plan
  • assisting the client with implementing the recommendations in the financial plan, including preparing a budget, investing in a share portfolio or consolidating superannuation accounts
  • corresponding with clients about future action and timeframes
  • discussing key strategic assumptions with clients

Reviewing a financial plan

Code: FPL4

Competence is demonstrated when you participate in reviewing a financial plan. You should be able to monitor performance, propose or implement changes and recognise factors that might affect a financial plan.

Demonstrate your competence by:

  • contributing to monitoring and measuring the service
  • performance of a financial plan
  • contributing to the implementation of revisions to a financial plan
  • monitoring the performance of a financial plan
  • corresponding with clients about revisions to the financial plan

Financial risk management 

Establishing financial objectives

Code: FRM1

Competence is demonstrated when you participate in establishing the financial objectives and risk strategies for an organisation. You should be able to understand the organisation’s financial situation and how the objectives, strategies and business plan will impact the present and projected financial position.

Demonstrate your competence by:

  • contributing to establishing financial objectives
  • identifying the effects of financial strategies on key parties
  • identifying the types of financial risk the organisation is exposed to
  • determining the organisation’s attitude to risk
  • assessing the effect of external factors on the financial strategies of an organisation
  • applying financial models, cash flow and profitability patterns in analysis of financial risk
  • contributing to written or verbal communication on financial strategies including critical assumptions
  • contributing to risk profiles or financial risk strategies for an organisation
  • contributing to a presentation, meeting or communication about financial objectives and risk strategies

Monitoring the financing operations

Code: FRM2

Competence is demonstrated when you participate in the monitoring and managing of an organisation’s financing operations. You should be able to evaluate investment sources and methods, monitor cash flow, contribute to managing surplus funds and assist with determining potential investment options.

Demonstrate your competence by:

  • contributing to managing the capital structure of an organisation
  • assessing and comparing possible funding options, including debt and equity
  • contributing to choosing different funding sources and options
  • contributing to monitoring an organisation’s cash flow and
  • suggesting how surplus funds can be managed
  • contributing to cash flow budgets
  • observing investment policy guidelines

Managing financial risk

Code: FRM3

Competence is demonstrated when you participate in managing the financial risk of an organisation. You should be able to evaluate the effectiveness of the financial risk management process and contribute to an organisation’s response to risk and the external environment. You should know how the various elements of risk can impact the organisation.

Demonstrate your competence by:

  • identifying and measuring current and potential financial exposure
  • contributing to the design or evaluation of effective systems or procedures for internal control
  • analysing exposures and making recommendations to decrease financial risk
  • contributing to a presentation, meeting or communication about managing financial risk
  • assisting to ensure investment decisions align with the organisation’s risk attitude and meet required returns and payback

Developing financial risk control systems

Code: FRM4

Competence is demonstrated when you participate in developing performance related information systems and establishing financial risk control systems. You should be able to contribute to policies and procedures for managing financial exposure and designing or evaluating effective systems.

Demonstrate your competence by:

  • assessing key risks
  • contributing to written or verbal communication about internal control systems
  • identifying and developing policy and procedures for managing exposure
  • explaining how internal control systems contribute to effective risk management

Insolvency 

Assessing a financial position

Code: INS1

Competence is demonstrated when you contribute to assessing the financial position of an organisation or individual.

Demonstrate your competence by:

  • identifying and analysing risk factors
  • identifying critical risks, options, advantages, conducting sensitivity analysis and test conclusions
  • contributing to written or verbal communication on the financial position based on research and testing contributing to commercial viability reports

Identifying options for those facing insolvency

Code: INS2

Competence is demonstrated when you participate in evaluating, identifying and recommending strategic options for underperforming, possibly insolvent or insolvent organisations.

Demonstrate your competence by:

  • collecting and analysing relevant data
  • identifying, evaluating or recommending strategic options
  • contributing to recommendations of the strategic options available
  • conducting comparative analysis and establishing criteria for making appraisals

Managing a reconstruction

Code: INS3

Competence is demonstrated when you participate in managing a reconstruction. You should be able to monitor, review and assess the progress of a reconstruction plan.

Demonstrate your competence by:

  • contributing to developing a plan
  • contributing to implementing the reconstruction plan, including organising extension of funding and agreeing interim terms of operation with key parties
  • contributing to a report on a reconstruction, including actual performance against objectives
  • contributing to a plan with established timeframes

Liquidating a company

Code: INS4

Competence is demonstrated when you participate in the liquidation of an organisation. You should be able to identify how a debtor becomes bankrupt and determine the appropriate form of administration.

Demonstrate your competence by:

  • preparing a reconciliation of expected and actual results
  • evaluating options and contributing to the recommendation of a form of administration
  • performing daily tasks in liquidating the company, including organising sale of assets
  • contributing to a presentation, meeting or communication about managing aspects of the liquidation
  • setting valuation parameters and identifying best options when realising assets

Management accounting 

Contributing to the operational strategy

Code: MAN1

Competence is demonstrated when you contribute to the operational strategy of an organisation. You should be able to contribute to forming strategy, business plans, budgets and financial decision making.

Demonstrate your competence by:

  • contributing to the creation of management accounting strategies and processes
  • contributing to the preparation of a developmental, operational or capital budget
  • evaluating a business plan
  • evaluating projects against their objectives, including key assumptions, project life analysis, target costing and conducting risk, sensitivity or probability analysis
  • contributing to a presentation, meeting or communication that evaluates a project
  • contributing to written or verbal communication about an operational strategy

Contributing to the design of organisational processes

Code: MAN2

Competence is demonstrated when you actively participate in the design of organisational processes. You should be able to monitor financial aspects of organisational change and evaluate, design, redesign or processes.

Demonstrate your competence by:

  • preparing a financial assessment of an organisational design or redesign
  • monitoring financial aspects of an organisational design
  • evaluating the effectiveness of an organisational design
  • contributing to monitoring financial aspects of organisational change, for example modelling changes in economic assumptions
  • initiating or supporting change to improve the management accounting function

Developing performance measurement systems

Code: MAN3

Competence is demonstrated when you contribute to developing performance measurement systems. You should be able to contribute to business planning, cost control, budgeting and organisational design and development.

Demonstrate your competence by:

  • developing improvements to performance measurement systems
  • participating in the development of performance measurement, for example key performance indicators or scorecards
  • evaluating the effect of external and internal organisational relationships on measuring performance
  • evaluating how performance measurement can be used to achieve objectives
  • using calculations to measure performance
  • contributing to written or verbal communication about performance measures

Establishing financial control systems

Code: MAN4

Competence is demonstrated when you develop performance related information systems and establish financial control systems. You should be able to contribute to the design, implementation and review of an information technology control system.

Demonstrate your competence by:

  • contributing to the design, implementation or review of an organisation’s information technology control system
  • using information technology to develop controls
  • contributing to written or verbal communication about how information systems were tested or monitored for their effectiveness

Taxation 

Demonstrating effective taxation planning

Code: TAX1

Competence is demonstrated when you participate in taxation planning activities for an organisation or individual. You should be able to establish and evaluate an organisation’s or individual’s taxation strategy.

Demonstrate your competence by:

  • preparing an assessment of an existing taxation strategy
  • advising on a taxation strategy
  • preparing research used for establishing or assessing the taxation strategy of a client
  • contributing to a meeting during which a client’s taxation strategy is discussed
  • contributing to a plan for the timing of taxation liabilities and taxation planning for the future

Determining the taxation position

Code: TAX2

Competence is demonstrated when you participate in determining the taxation position and liability of an organisation or individual. You should be able to provide advice on the taxation effects of transactions and events while meeting the reporting, payment and compliance obligations of an organisation or individual.

Demonstrate your competence by:

  • calculating taxation liability
  • contributing to ensure that taxation reporting and compliance obligations are met
  • corresponding with clients regarding taxation reporting and compliance obligations
  • distinguishing between legitimate taxation planning, taxation avoidance and taxation evasion
  • contributing to a meeting where taxation advice is given

Promoting the awareness of taxation matters

Code: TAX3

Competence is demonstrated when you promote taxation awareness within the organisation or with clients. You should be able to explain the organisation’s response to taxation developments and have current knowledge of changes in taxation legislation, regulation and case law.

Demonstrate your competence by:

  • informing key parties of a technical update by contributing to external or internal communication
  • contributing to a presentation, meeting or communication on taxation issues
  • contributing to an organisation’s response to taxation issues
  • promoting an organisation’s or client’s understanding of taxation issues
  • contributing to taxation training discussing changes in taxation legislation, regulation or case law

Acting as a representative for taxation matters

Code: TAX4

Competence is demonstrated when you can participate in the representation, negotiation and litigation of taxation matters in an organisation or on behalf a client.

Demonstrate your competence by:

  • representing an organisation or client on taxation matters
  • contributing to negotiation on taxation matters
  • corresponding with taxation authorities to negotiate on behalf the organisation or client
  • contributing to written or verbal communication required by internal or external parties for the negotiation of taxation matters