3843 - Master of Professional Accounting and Master of Business Law

This course entry should be read in conjunction with information provided in the Faculty information section of this Handbook by the managing faculty for this course

Abbreviated title	MProfAcc/MBusLaw
CRICOS Code	061235J
Managing faculty	Business and Economics
Study location and mode	On-campus (Caulfield)
Total credit points required	96
Duration (years)	2 years FT, 4 years PT
Maximum credit allowed	48 credit points
Recognition of prior learning	Students may be eligible for credit to a maximum of 50 per cent of course requirements for previous graduate level studies. Credits or exemptions will not be granted for undergraduate qualifications.
Contact details	Monash Graduate School of Business, telephone +61 3 9903 1400, fax +61 3 9903 2890, email gsb@buseco.monash.edu.au
Course coordinator	Mr Phillip Lipton, Business Law Dr Michaela Rankin, Professional Accounting

Description

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 course is also designed to provide rigorous theoretical and practical knowledge in business law and to develop an understanding of and an ability to analyse a wide range of legal problems arising in the practice of business law.

Objectives

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 simulated 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 make 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 provide service to local, national and international communities
take a structured approach to business data analysis, problem solving and decision-making
apply relevant theory, tools and techniques to solve complex problems in a dynamic business environment
develop and recommend organisation specific responses to issues and opportunities that may impact on an organisations performance
operate effectively in a multidisciplinary environment while providing specialist input from a business law and taxation perspective.

Structure

This course comprises seven compulsory units and nine electives.

Requirements

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

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 four elective units (24 points) from the following:

BTX5000 Corporate governance
BTX5020 Intellectual property laws
BTX5030 Comparative corporate law
BTX5031 Insurance law
BTX5040 Legal aspects of corporate social responsibility
BTX5050 Asian business law
BTX5060 The law of employment
BTX5070 Labour relations law
BTX5080 Workplace negotiations
BTX5100 Corporate environmental responsibility
BTX5121 Information technology law
BTX5130 International law and policy
BTX5131 Advanced banking law
BTX5150 Competition and marketing law
BTX5180 Financial services regulation
BTX5190 International trade law
BTX5841 Human resources management law

(c.) 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

(d.) Students must complete a further two graduate units (12 points) offered by any department in the Faculty of Business and Economics.

Professional recognition

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 program graduates will have satisfied the educational requirements for admission:

as an associate member of both CPA Australia and the National Institute of Accountants
entry to both 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

Alternative exit(s)

Students wishing to exit the Master of Professional Accounting and Master of Business Law 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 Business after successful completion of 48 points of study
either of the single masters degrees subject to satisfying the requirements of the single degree.

Award(s) received on completion

Master of Professional Accounting

Master of Business Law

13 October 2017 23 July 2024