0790 - Master of Professional Accounting

The course is designed to provide both practical and theoretical knowledge and skills in accounting. It enables students who hold a previous qualification in a non-accounting discipline that is comparable to an Australian bachelor degree to satisfy the educational requirements of the accounting professional bodies in Australia.

The learning goals associated with this course are to:

• develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues, and to work out solutions to real world business cases and problems
• develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations
• develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds
• develop knowledge of the accounting profession and the need to pursue life-long learning to be an effective leader and to provide service to local, national and international communities.

This course comprises seven compulsory units and five electives.

(a.) Students must complete the following seven units (42points):

• AFX9500 Introductory accounting
• AFX9530 Financial accounting
• AFX9540 Business finance
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• BTX9500 Business and corporations law
• GSB9001 Personal development-critical thinking and communication

(b.) students must complete three units (18 points) from the following list:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• AFX9570 Auditing and assurance
• BTX9651 Taxation law
• ECF9530 Economics

(c.) students must complete a further two graduate units (12 points) from the remaining units listed in (b) or from any department in the Faculty of Business and Economics.

Students who successfully complete the Master of Professional Accounting, with at least a credit average, may be eligible for admission to the Master of Business (Accounting).

Students seeking associate membership of CPA Australia upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9510 Quantitative methods
• AFX9520 Accounting information systems and financial modelling
• ECF9530 Economics

Students seeking admission to the Chartered Accountants Program upon graduation must include the following units under requirement (b) in the course requirements section:

• AFX9570 Auditing and assurance
• BTX9651 Taxation law

Upon successful completion of the course graduates who possess an Australian bachelor degree or an overseas qualification deemed by the Australian Education International National Office of Overseas Skills Recognition (AEI-NOOSR) as being equivalent to an Australian bachelor degree will satisfy the educational requirements for admission:

• as an associate member of CPA Australia and the National Institute of Accountants
• entry to the CPA Program of CPA Australia and the Chartered Accountants Program of The Institute of Chartered Accountants in Australia.

Further details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Professional Accounting early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Accounting after successful completion of 48 points of study.

Master of Professional Accounting