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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/MProfAcc
CRICOS code065141E
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

Professor Gary Magee, 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.


The 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
  • Chartered Financial Analysts Institute
  • 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 seven compulsory units and nine electives.


Students must complete

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

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

  • MGX5020 Business ethics in a global environment
  • MGX5030 Corporate social responsibility
  • GSB9002 Personal development - managing self and relationships

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

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

  • AFF9020 Introduction to risk principles
  • AFF9250 Financial management theory
  • BTX5541 Advanced corporations law
  • BTX9020 Business law
  • ETX9000 Business and economic statistics
  • ETF9121 Data analysis in business
  • FIT5157 Services science
  • FIT9006 Information technology management
  • GSB9004 Accounting for business
  • MGX5000 Introductory management research methods
  • MGX5870 Organisational and business dynamics
  • MGX9600 Managing people and organisations
  • MGX9720 Managing organisational change
  • MKF5403 Advanced business research methods***
  • MKF5463 Advanced buyer behaviour* **
  • MKX5461 Contemporary issues in marketing***
  • MKX5641 Advanced marketing communication***
  • MKX9550 Marketing and the international consumer****
  • MKX5123 Marketing innovation and planning
  • MKX9610 Supply chain logistics

(iv.) a further two units (12 points) from the remaining units listed in (ii.) and (iii) 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.

*** These units are only available to students who have completed the specified unit prerequisite or can demonstrate to the satisfaction of the course director, the completion of an undergraduate major in marketing.

**** This unit should not be taken by students intending to complete the advanced marketing specialisation and cannot be counted towards the completion of this specialisation.

Not all units are available every year and a list of available units will be provided at the start of each year.

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

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