The Accountant Training
To be an authorized accountant, you must complete a theoretical and practical training for a total of eight years and then have passed an exam for the auditor’s degree.
The theoretical education must be at Swedish university or college and mean that you have at least a bachelor’s degree in the subject of business administration or equivalent. The practical training must be under the supervision of an authorized or approved auditor and shall last for at least three years.
In total, your education will comprise of eight years, of which three years are theoretical and three years are practical. The remaining two years you can divide the way you want between theory and practice. 60 credits (hp) should correspond to one year of practical training.
Theoretical education in Sweden
In its regulations the Audit Board has set requirements for the subjects to be included in the theoretical studies and the extent to which the studies in the subjects should have.
The studies are to be distributed as follows:
In the subject of business administration, you will be reading 90 credits where it includes accounting (including consolidated accounts), auditing, finance, financial management and organizational learning. If you write your master’s thesis in Business Economics, it is calculated as 90 ECTS credits.
Tax Law 15 credits. The subject of taxation shall include income taxation of companies. The subject will also cover other taxes related to companies, primarily VAT and employer fees.
Commercial Law 30 credits. Commercial law usually refers to courses such as legal overview course, legal introductory course or commercial law course or similar. In addition to this, you should usually have read a course that contains association law as well as legislation on bankruptcy and insolvency as well as capital gains. The latter course must have a pre-requisite that you have previously studied law.
Other compulsory subjects. The regulations state that you will also study information technology and computer systems, economics, mathematics and statistics. These subjects can be studied individually or integrated into other subjects. For example, we usually say that the subject of mathematics is integrated into the subject of economics since it is considered sufficiently mathematical. The subject information technology and computer systems can be considered as integrated in statistics if there is any computer exercise there. It should always be stated in the course syllabus or other course documentation that a computer exercise has been included in the course.
If you have studied abroad, your studies will be credited by a Swedish university or college, or the studies may be assessed by the University and Higher Education Council (UHR). As a rule, you must complete your foreign studies with tax credits 15 credits and commercial law 30 credits, as described above.
The practical training must last for at least three years and correspond to three years of full-time work and be supervised by an authorized or approved auditor. Education will follow an education program that is made up between you and your supervisor. According to the regulations, the education must include “planning, execution and reporting of audit assignments. Some of the education should refer to qualified investigations. These can be completed within an audit assignment or as part of another assignment. Special emphasis should be placed on an auditor’s assessments and conclusions as well as the ethical rules that an auditor must observe in the audit work. ”
If you have worked with auditing or accounting without having an authorized or accredited accountant as supervisor, it is not considered practical training.