Monash University Handbook 2010 Postgraduate - Course

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.

The Master of Professional Accounting and Master of Business Law course aims to produce graduates who will:

(a.) be critical and creative scholars who:

• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively

(b.) be responsible and effective global citizens who:

• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values

(c.) have a comprehensive understanding of their discipline and be able to provide discipline based solutions relevant to the business, professional and public policy communities we serve

(d.) have knowledge to masters level in accounting and business law.

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.

48 credit points

This degree is recognised by the following professional bodies for admission to:

• Associate membership of CPA Australia
• Associate membership of the National Institute of Accountants
• the Chartered Accountants Program of The Institute of Chartered Accountants in Australia.

Professional recognition may be dependent upon the correct choice of units.

Details of educational requirements for professional recognition can be found at http://www.buseco.monash.edu.au/asg/cds/publications/pg-professional-recognition.html.

This course comprises nine compulsory units and seven electives.

(a.) Students must complete nine compulsory units (54 points):

• AFX9500 Introductory accounting
• AFX9530 Financial accounting
• AFX9540 Business finance
• AFX9550 Management accounting
• AFX9560 Advanced financial accounting
• BTX9500 Business and corporations law
• BTX5140 Law and business decisions*
• BTX5801 Final research project**
• GSB9001 Personal development - critical thinking and communication

* This unit will normally be undertaken in the first semester of study.

** This unit will normally be undertaken in the last semester of study.

(b.) students must complete two units (12 points) from the following:

• AFX9570 Auditing and assurance
• AFX9580 Accounting information and systems modelling
• BTX9651 Taxation law
• ECF9530 Economics

(c.) students must complete three units (18 points) from the units listed in the streams below.

Students are encouraged to select at least three units from one of the specified streams.

Specified streams

Corporate law

• BTX5000 Corporate governance
• BTX5040 Legal aspects of corporate social responsibility
• BTX5090 Good governance and accountability in non-profit and social enterprises
• BTX5100 Corporate environmental responsibility
• BTX5150 Law of marketing
• BTX5180 Financial services regulation
• BTX5541 Corporations law

Workplace law

• BTF5240 Workplace taxation
• BTX5060 The law of employment
• BTX5070 Labour relations law
• BTX5080 Workplace negotiations
• BTX5841 Human resources management law

Taxation

• BTF5230 Investment taxation
• BTF5240 Workplace taxation
• BTF5250 Business tax planning
• BTF5290 Business transactions taxes
• BTX9651 Taxation law***

*** This unit is a prerequisite for taxation units.

General business law

• BTX5020 Intellectual property laws
• BTX5031 Insurance law
• BTX5050 Asian business law
• BTX5110 Water resource management law
• BTX5121 Information technology law
• BTX5130 International law and policy
• BTX5131 Advanced banking law
• BTX5190 International trade law

Research

Enrolment in the research units listed below must first be approved by the Master of Business Law degree course director. In order to enrol in these research units, students must show evidence of prior research writing experience and capability to conduct legal research of a high standard. This specialisation provides a pathway to higher research degrees.

• BTX5900 Research project (12 points)
• plus two BTX units, or BTX5490 Minor thesis (24 points)

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

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 or Graduate Diploma in Accounting after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Professional Accounting

Master of Business Law