B6002 - Master of Accounting - 2017

Postgraduate - Course

Commencement year

This course entry applies to students commencing this course in 2017 and should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Business and Economics.

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

Course code


Credit points


Abbreviated title




Managing faculty

Business and Economics

Admission and fees


Course progression map

B6002 (pdf)

Course type

Master by coursework

Standard duration

1.5 years FT, 3 years PT

Students have a maximum of 5 years to complete this course including any periods of intermission and suspension, and must be continuously enrolled throughout.

Mode and location

On-campus (Caulfield)


Master of Accounting

Alternative exits

Graduate Certificate in Business

Graduate Diploma in Business

Refer to 'Alternative exits' entry below for further requirements and details.


This course is designed for applicants seeking advanced knowledge and expertise in accounting. It aims to provide graduates with the skill set required to successfully operate as a specialist in the accounting profession. This course is suitable for accounting graduates and accountants who wish to extend their knowledge and develop high level expertise across key fields of accounting.


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

Upon successful completion of this course it is expected that you will be able to:

  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 judgement, integrity and creativity in the application of advanced knowledge and skills in accounting to existing and emerging events.


The course is structured in two parts. Part A. Mastery knowledge and Part B. Application studies. All students complete Part A. Depending upon prior qualifications, you may receive credit for part B.

Part A. Mastery knowledge

These studies draw on best and current accounting practice to develop your capacity as a critical professional who is able to apply your knowledge of a specialisation to provide discipline-based solutions in complex commerce environments.

Part B. Application studies

The focus of these studies is professional or scholarly work that can contribute to your professional development. You will develop the knowledge and expertise required to successfully operate as a specialist in the accounting profession.


The course comprises 72 points structured into two parts: Part A. Mastery knowledge (48 points) and Part B. Application studies (24 points).

  • Students admitted at entry level 1 complete 72 points, comprising Part A and Part B.
  • Students admitted at entry level 2 complete 48 points, comprising Part A.

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

The course progression mapcourse progression map (http://www.monash.edu.au/pubs/2017handbooks/maps/map-b6002.pdf) will assist you to plan to meet the course requirements, and guidance on unit enrolment for each semester of study.

Part A. Mastery knowledge (48 points)

Students complete:

a. Five units (30 points):

  • ACF5100 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

b. Two units (12 points) from the following:

  • ACF5080 Management control systems
  • ACF5956 Advanced financial accounting
  • ACF5957 Auditing and assurance
  • BFF5021 Case studies in risk management
  • BFF5902 Introduction to risk principles

c. A capstone experience, being one unit (6 points) from the following:

  • ACF5350 Applied contemporary accounting
  • ACX5951 International study program in accounting
  • BEX5001 Industry and community project
  • BEX5012 Industry based learning project (12 points)*

* As this is a 12-point unit, students who choose it for their capstone experience will only need to complete 18 points for Part B; this will mean they cannot complete the research pathway in Part B.

Part B. Application studies (24 points)

Students complete either a. or b. below:

a. Up to four units (up to 24 points) from the following list providing students have met the prerequisites: **

  • ACF5080 Management control systems
  • ACF5320 Business analytics
  • ACF5350 Applied contemporary accounting
  • ACX5951 International study program in accounting
  • BEX5001 Industry and community project
  • BEX5012 Industry based learning project
  • BEX5200 Climate change and carbon management
  • BEX5832 European business and society
  • BFF5021 Case studies in risk management
  • BFF5040 Advanced security analysis
  • BFF5230 Global financial markets
  • BFF5250 Corporate treasury management
  • BFF5270 Funds management
  • BFF5902 Introduction to risk principles
  • BFF5915 Options, futures and risk management
  • BFF5916 International banking
  • BFF5925 Financial management theory
  • BFF5935 Portfolio management theory
  • BFF5977 Risk financing and treasury management
  • BTF5501 Corporations law
  • BTF5965 Taxation law
  • FIT5057 Project management
  • FIT5203 Community informatics
  • MGF5020 Business ethics in a global environment
  • MGF5030 Corporate social responsibility
  • MGF5310 International management
  • MGF5921 Foundations in human resource management
  • MGF5961 Supply chain management
  • MGF5962 Principles of management
  • MKX5955 Marketing and the international consumer

** Students wishing to enrol in electives from outside this list need to obtain approval from the course coordinator.

b. Two research pathway units (24 points):***

  • ACX4000 Research methods
  • ACF5001 Research project in accounting (12 points)

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

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

Note: Because of when units and their prerequisites are offered, the research pathway is not available to full-time students commencing in semester one. Full-time students commencing in semester two who wish to undertake the research pathway are advised this option requires careful planning ad are encouraged to discuss their case with student services.

*** Students wishing to undertake the research option must complete ACF5100, ACF5120, ACF5130 and ACF5150 prior to their enrolment in the research pathway and obtain a WAM of at least 70 per cent in these four units. In addition to meeting the academic pre-requisites, selection into the research pathway is based on the outcome of a formal interview with a panel constituted by the course coordinator.

Alternative exits

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 this master's 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.

Progression to further studies

Students entering at entry level 1 can choose to complete a research pathway (24 points) that will provide a pathway to a higher degree by research. Students entering at entry level 2 will normally already have an honours degree, however, students in this group who wish to complete a research thesis in accounting should discuss the option with the course coordinator.