Monash University

Postgraduate - Course

Students who commenced study in 2014 should refer to this course entry for direction on the requirements; to check which units are currently available for enrolment, refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course.

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This course entry applies to students commencing this course in 2014 and 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

Caulfield Student Services

Telephone: +61 3 9903 1400

Fax: +61 3 9903 1357


Course coordinator

Dr Nell Kimberley, Business; Dr Stephen Smith, Professional Accounting


  • Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.


The double degree is intended to provide students with 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

Refer to the faculty's Professional recognition of coursesProfessional recognition of courses ( page in this Handbook.


This course consists of seven compulsory units and nine electives.


Students must complete

(a.) seven units (42 points) as follows:

  • ACF5950 Introductory accounting
  • ACF5953 Financial accounting
  • ACF5955 Management accounting
  • ACF5956 Advanced financial accounting
  • BFF5954 Business finance
  • BTF5950 Business and corporations law
  • MGX5991 Personal development - critical thinking and communication

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

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

  • MGF5020 Business ethics in a global environment
  • MGF5030 Corporate social responsibility

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

  • AFF5957 Auditing and assurance
  • ACF5958 Accounting information and systems modelling***
  • BTF5965 Taxation law
  • ECF5953 Economics***

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

  • BFF5902 Introduction to risk principles
  • ETX5900 Business and economic statistics
  • FIT9006 Information technology management
  • MGX5962 Foundations of management
  • MKF5461 Contemporary issues in marketing***
  • MKX5955 Marketing and the international consumer****
  • MGX5961 Supply chain management

(iv.) a further three units (18 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.

These units can be identified using the browse units toolbrowse units tool ( in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; postgraduate units are those that commence with the number 5.

*** Note: 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.

**** Note: 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.

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:

  • 1679 Graduate Certificate in Business after successful completion of 24 points of study
  • 3848 Graduate Diploma in Business after successful completion of 48 points of study
  • either of the single master's degrees ( 3844 Master of Business or 0790 Master of Professional Accounting) subject to satisfying the requirements of the single degree.


Master of Business
Master of Professional Accounting