Monash University Handbook 2011 Postgraduate - Course

This course enables students to gain knowledge and skills which are essential attributes for accounting graduates and finance professionals. The course aims to provide graduates with theoretical constructs and their applications for their work as finance and accounting professionals.

The Master of Applied Finance and Master of Business (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 advanced knowledge to masters level in applied finance and accounting.

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

Upon successful completion of the course graduates will satisfy the educational requirements for senior associate membership of the Financial Services Institute of Australasia and membership of The Finance and Treasury Association Limited at the Certified Finance and Treasury Professional (CFTP) level.

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 eight compulsory units and eight electives.

Students must complete:

(a.) eight compulsory units (48 points):

• AFF5100 Advanced strategic management accounting
• AFF5130 Financial statement analysis and business valuation
• AFF5150 Financial reporting issues
• AFF5230 Financial markets and long-term funding
• AFF5250 Corporate treasury management
• AFF5270 Funds management
• AFX5120 Assurance, governance and fraud
• AFX5330 Integrated systems for business enterprises

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

• AFF5040 Advanced security analysis
• AFF5050 Global banking institutions and issues
• AFF5260 Money market dealing
• AFF5280 Institutional asset and liability management
• AFF5380 Credit risk modelling
• AFF5390 Advanced financial planning
• AFX5860 International studies in banking and finance

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

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships

(d.) a further four graduate-level units (24 points) offered by any department in the Faculty of Business and Economics.

Students wishing to exit the Master of Applied Finance and Master of Business (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 (Accounting)

Master of Applied Finance