Master of Professional Accounting

This course is designed for students who wish to meet the academic requirements for admission as an associate member of both CPA Australia and the Institute of Public Accountants in Australia, or entry into the Chartered Accountants' Program of The Institute of Chartered Accountants Australia. Students in this course have the opportunity to develop their practical and theoretical knowledge and skills in accounting and related business areas to a master's level.

These course outcomes are aligned the Australian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate AttributesAustralian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate Attributes (http://www.monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).

Upon successful completion of this course it is expected that graduates will:

1. be critical and creative scholars who:
• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively
2. be responsible and effective global citizens who:
• engage in an internationalised world
• exhibit cross-cultural competence
• demonstrate ethical values
3. 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
4. demonstrate a mastery of professional accounting and be able to apply both theoretical and practical knowledge and skills in applied accounting situations.

The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies. All students complete Part B. Depending upon prior qualifications you may receive credit for part A or part C or a combination of the two.

Part A. Advanced preparatory studies

These units will equip you with business foundation skills and knowledge, examining accounting, law, economics and statistics. These units allow you to consolidate foundation knowledge for further professional accounting studies.

Part B. Mastery knowledge

These units will develop your capacity as a critical accounting professional able to apply your knowledge of a specialisation to provide discipline-based solutions to professional accounting environments.

Part C. Application studies

The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development and give you the skills to practice effectively as an accountant.

The course comprises 96 points structured into three parts: Part A. Advanced preparatory studies (24 points), Part B. Mastery knowledge (60 points) and Part C. Application studies (12 points).

• Students admitted at Entry level 1 complete 96 points, comprising Part A, Part B and Part C.
• Students admitted at Entry level 2 complete 72 points, comprising Part B and Part C.
• Students admitted at Entry level 3 complete 60 points, comprising Part B.

Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.

The course progression mapcourse progression map (http://www.monash.edu.au/pubs/2016handbooks/maps/map-b6011.pdf) will assist you to plan to meet the course requirements, and guidance on unit enrolment for each semester of study.

Part A. Advanced preparatory studies (24 points)

Students complete:

• ACF5950 Introductory accounting
• BTF5903 Law and business decisions
• ECF5953 Economics
• ETF5900 Business statistics

Part B. Mastery knowledge (60 points)

Students complete:

• ACF5100 Advanced strategic management accounting
• ACF5510 Integrated accounting
• ACF5904 Accounting information systems
• ACF5953 Financial accounting
• ACF5955 Management accounting
• ACF5956 Advanced financial accounting
• ACF5957 Auditing and assurance
• BFF5954 Business finance
• BTF5501 Corporations law
• BTF5965 Taxation law

Part C. Application studies (12 points)

Students complete two units (12 points) of elective units at either Level 4 or 5 from the Faculty of Business and Economics or across the University so long as you have the pre-requisites and there are no restrictions on admission to the units

Students are recommended to complete electives from the following list:

• ACF5080 Business accounting: strategic issues
• ACF5120 Forensic accounting and fraud examination
• ACF5130 Financial statement analysis and business valuation
• ACF5150 Financial reporting issues
• ACF5330 Integrated systems for business enterprises
• ACX5951 International study program in accounting

Students may exit this course early and apply to graduate with one of the following awards, provided they have satisfied the requirements for that award during their enrolment in the Masters course:

• Graduate Certificate in Business after successful completion of 24 credit points of study with a minimum of 18 credit points at level 4 or above.
• Graduate Diploma in Business after successful completion of 48 credit points of study with a minimum of 36 credit points at level 4 or above.