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Monash University

Monash University Handbook 2010 Postgraduate - Course

NOTE: This course has been updated - please refer to the Postgraduate handbook change register for details.

This course entry should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics

Managing facultyBusiness and Economics
Abbreviated titleMBus/MProfAcc
CRICOS code065141E
Total credit points required96
Standard duration of study (years)2 years FT, 4 years PT
Study mode and locationOn-campus (Caulfield)
Contact details

Monash Graduate School of Business

Telephone: +61 3 9903 1400

Fax: +61 3 9903 1357


Course coordinator

Mr Wayne Gumley, Business; Dr Michaela Rankin, Professional Accounting


The double degree is intended to provide students the opportunity to gain knowledge and skills in accounting, to specialise in a second area of business of specific interest to them while also gaining an understanding of the broad range of contemporary business topics and their relevance to the business environment. Students also have the opportunity to participate in a unique suite of units that build skills and knowledge in personal development and corporate social responsibility, to increase their employment opportunities in public practice and industry.


Master of Business and Master of Professional Accounting 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 of the social context of business activities and to masters level in accounting.

Credit for prior studies

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.

Maximum credit allowed

48 credit points

Professional recognition

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


This course comprises eight compulsory units and eight electives.


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

  • 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 a further nine elective units (54 points) as follows:

(i.) one of the following units (6 points):

  • BTX5000 Corporate governance
  • MGX5020 Business ethics in a global environment
  • MGX5030 Corporate social responsibility

(ii.) one further unit (6 points) from (i.) above or from:

  • GSB9002 Personal development – managing self and relationships
  • GSB9003 Personal development – professional advancement

(iii.) two of the following units (12 points):

(iv.) three of the following units (18 points)

  • AFF9020 Introduction to risk principles
  • ETX9000 Business and economic statistics
  • ETF9121 Data analysis in business
  • FIT5157 Services science
  • FIT9006 Information technology management
  • MGX5000 Introductory management research methods
  • MGX5870 Organisational and business dynamics
  • MGX9600 Managing people and organisations
  • MGX9720 Managing organisational change
  • MKX9550 Marketing and the international consumer
  • MKX5123 Marketing innovation and planning
  • MKX9610 Supply chain logistics

(v.) a further two units (12 points) from the remaining units listed in (iii.) and (iv.) above or graduate-level units from any department in the Faculty of Business and Economics.

* Students seeking associate membership of CPA Australia must include these units.

** Students seeking admission to the Chartered Accountants Program of The Institute of Chartered Accountants in Australia must include these units.

Students seeking associate membership of or the National Institute of Accountants must include all units listed in (b.)(iii).

Alternative exit(s)

Students wishing to exit the Master of Business and 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 Business 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 Business

Master of Professional Accounting