Master of Professional Accounting and Master of Business Law

The course is designed to provide both practical and theoretical knowledge and skills in accounting. It enables students who hold a previous qualification in a non-accounting discipline that is comparable to an Australian bachelor degree to satisfy the educational requirements of the accounting professional bodies in Australia. The course is also designed to provide rigorous theoretical and practical knowledge in business law and to develop an understanding of and an ability to analyse a wide range of legal problems arising in the practice of business law.

Refer to the outcomes for the single degrees B6011 Master of Professional Accounting and B6013 Master of Business Law.

Students may be eligible for credit to a maximum of 50 per cent of course requirements for previous graduate level studies. Credits or exemptions up to 24 credit points may be granted for previous undergraduate studies in a related field.

Maximum credit allowed 60 points

Refer to the Faculty of Business and Economics Professional recognition of coursesProfessional recognition of courses (http://www.buseco.monash.edu.au/professional-recognition/) page in this Handbook.

This course consists of four foundation units, twelve compulsory units and four law units.

Graduates with a non-business undergraduate degree must complete:

(a.) four business foundation units (24 points):

• ACF5950 Introductory accounting
• ECF5953 Economics
• ETF5900 Business statistics
• MGF5962 Principles of management

All students must complete:

(b.) twelve specialisation mastery units (72 points):

• ACF5953 Financial accounting
• BFF5954 Business finance
• ACF5955 Management accounting
• ACF5956 Advanced financial accounting
• ACF5957 Auditing and assurance
• ACF5904 Accounting information systems
• ACF5100 Advanced strategic management accounting
• BTF5501 Corporations law
• BTF5965 Taxation law
• ACF5510 Integrated accounting
• BTF5903 Law and business decisions
• BTF5801 Final research project

(c.) 24 points of graduate-level units offered by the Department of Business Law and TaxationDepartment of Business Law and Taxation (http://www.monash.edu.au/pubs/handbooks/units/index-byou-department-of-business-law-and-taxation.html) or Faculty of LawFaculty of Law (http://www.monash.edu.au/pubs/handbooks/units/index-byfaculty-law.html).

Suitable units can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) 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. Students must be able to meet any unit prerequisites.

Students wishing to exit the Master of Professional 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:

• 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 (B6011 Master of Professional Accounting or B6013 Master of Business Law) subject to satisfying the requirements of the single degree.