Postgraduate - Course

Students who commenced study in 2015 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 2015 and should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics.

Course code0503
Managing facultyBusiness and Economics
Abbreviated titleMAcc
CRICOS code082328G
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


Course coordinator

Dr Janto Haman


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


This course is designed for graduates seeking advanced knowledge and skills in accounting. It aims to provide graduates with the skill set required to successfully operate as a specialist in the accounting profession.


Upon successful completion of this course it is expected that graduates 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.) demonstrate judgement, integrity and creativity in the application of advanced knowledge and skills in accounting to existing and emerging events.

Credit for prior studies

Students may be eligible for up to 48 credit points for previous graduate level studies in accounting, completion of the CPA Program or the Chartered Accountants Program, or an honours degree in accounting. Credits or exemptions up to 24 credit points may be granted for previous undergraduate studies in accounting.

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:

  • four accounting refresher units
  • eight specialisation mastery units
  • four elective units


(a.) Students have the option to undertake four out of six refresher accounting units with the objective of acquiring a basic body of accounting knowledge in the Australian context:

Students may choose four from the following six units (24 points):

All students must complete:

(b.) the following eight units (48 points):

  • ACF5956 Advanced financial accounting*
  • ACF5957 Auditing and assurance*
  • ACF5100 Advanced strategic management accounting
  • ACF5120 Forensic accounting and fraud examination
  • ACF5130 Financial statement analysis and business valuation
  • ACF5150 Financial reporting issues
  • ACF5330 Integrated systems for business enterprises
  • ACF5350 Applied contemporary accounting**

* Students who have completed the equivalent of these units will be given a preclusion, requiring alternative units to be completed. Units to be determined in consultation with the course coordinator and research director.

** This capstone unit and other designated specialisation mastery units incorporate the application of research principles including research methods applicable to the accounting field of work.

(c.) one of the following options (24 points):

(i.) four graduate-level accounting electives, or other related units as approved by the course coordinator

(ii.) an advanced research option incorporating:

plus one of the following units (to be chosen in consultation with the course coordinator and research director):

  • ACX4040 Issues in accounting information systems
  • ACX4050 Issues in auditing and assurance
  • ACX4070 Issues in financial accounting
  • ACX4090 Issues in management accounting

Alternative exit(s)

Students wishing to exit the Master of 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.


Master of Accounting
Master of Business (Accounting)