Service Oriented Architecture (SOA) is emerging as a popular approach and paradigm for organizations to gain competitive advantage via managing their software applications and IT infrastructure as a set of interacting services. As the SOA market value is posed to increase to 10.3USD billion (WinterGreen-Research, 2009) by 2015, it is crucial that IS schools in Australia are providing the relevant industries with competent IS professionals that possess the necessary skills and are capable of understanding the impacts/implications of SOA deployments in order for them to design and create services of value. This paper examines the organizational and technological impacts/implications on organizations and discusses the skills and knowledge required by SOA-IS professionals and compares these with the requirements with the Australian Computer Society’s (ACS) common body of knowledge created for accreditation of Australia university curricula.