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Monash University

Monash University Handbook 2011 Postgraduate - Course

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(Acc)/MBusLaw
CRICOS code065001F
Total credit points required96
Standard duration of study (years)2 years FT, 4 years PT
Study mode and locationOn-campus (Caulfield)
Admission, fee and application details
Contact details

Graduate Student Office

Telephone: +61 3 9903 1400

Fax: +61 3 9903 1357


Course coordinator

Dr Stephen Smith ,accounting; Mr Philip Lipton ,business law


The course is designed to extend graduates knowledge and analytical skills in the areas of accounting and business law as well as to develop independence and life-long learning skills related to interpersonal behaviour, written and oral communication, capacity for inquiry and research, critical thought and analysis, problem solving, teamwork, literacy and numeracy, and effective use of technology.


The Master of Business (Accounting) and Master of Business Law 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 accounting and law.

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


This course comprises seven compulsory units and nine electives.


Students must complete:

(a.) seven compulsory units (42 points):

  • AFF5100 Advanced strategic management accounting
  • AFF5130 Financial statement analysis and business valuation
  • AFF5150 Financial reporting issues
  • AFX5120 Assurance, governance and fraud
  • AFX5330 Integrated systems for business enterprises
  • BTX5140 Law and business decisions*
  • BTX5801 Final research project**

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

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

(b.) one unit (6 points) from the following list:

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

(c.) four units (24 points) from those listed in the streams below.

Students are encouraged to select units from one of the specified listed under 'Areas of study'.

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

Additional degree requirements:

  • students can study a maximum of two 9000-level units (12 points).


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 further BTX units, or BTX5490 Minor thesis (24 points)

Areas of Study

Alternative exit(s)

Students wishing to exit the Master of Business (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.


Master of Business (Accounting)

Master of Business Law