Master of Professional Accounting - 2019

Postgraduate - Course

Commencement year

This course entry applies to students commencing this course in 2019 and should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics.

Other commencement years for this course: 2018, 2017 and 2016

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

B6011 (pdf)

Course type

Master by coursework

Standard duration

2 years FT, 4 years PT

You have a maximum of 6 years to complete this course including any periods of intermission and suspension, and must be continuously enrolled throughout.

Mode and location

On-campus (Caulfield)


Graduate Diploma of Business

Master of Professional Accounting

Alternative exits

Graduate Certificate of Business

Graduate Diploma of Business

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


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. If you are in this course you have the opportunity to develop your practical and theoretical knowledge and skills in accounting and related business areas to a master's level.

Double degrees

The Master of Professional Accounting can be taken in combination with the following course:

  • Master of Business Law


These course outcomes are aligned the Australian Qualifications Framework level 9 and Monash Graduate AttributesAustralian Qualifications Framework level 9 and Monash Graduate Attributes (

Upon successful completion of this course it is expected that you 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.

Professional recognition

This degree is accredited by relevant Australian professional bodies. Refer to the Monash Business School professional recognitionprofessional recognition ( page.


The course is structured in three parts: Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies. All students complete Parts A, B and C.

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).

The course progression mapcourse progression map ( provides guidance on unit enrolment for each semester of study.

Units are 6 points unless otherwise indicated.

Part A. Advanced preparatory studies (24 points)

You must complete:

Part B. Mastery knowledge (60 points)

You must complete:

a. Nine units (54 points):

b. A capstone experience, being one unit (6 point minimum) from the following:

  • ACF5510 Integrated accounting
  • ACX5951 International study program in accounting
  • BEX5001 Industry placement
  • BEX5012 Industry placement (12 points)*

* As this is a 12-point unit, if you complete this unit as your capstone experience you will only need to complete one unit (6 points) for Part C.

Part C. Application studies (12 points)

You must complete two units (12 points) of electives from the following list providing you have met the pre-requisites:**

  • ACF5080 Management control systems
  • 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
  • ACF5510 Integrated accounting
  • ACX5951 International study program in accounting
  • BEX5001 Industry placement
  • BEX5012 Industry placement (12 points)
  • BFF5021 Case studies in risk management
  • BFF5230 Global financial markets
  • BFF5250 Corporate treasury management
  • BFF5902 Introduction to risk management
  • BFF5915 Options, futures and risk management

** If you wish to enrol in electives from outside this list you need to obtain approval from the Course Director.

Alternative exits

You may exit this course early and apply to graduate with one of the following awards, provided you have satisfied the requirements for that award during your enrolment in the master's course:

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