Master of Professional Accounting - 16 unit program (MPAcc)
|Credit Points Required||96|
The 16 unit Master of Professional Accounting is available for students commencing study from Semester 2, 2013 (July).
Students who commenced study prior to Semester 2, 2013 are enrolled in the 12 unit Master of Professional Accounting program.
The Master of Professional Accounting (16 unit program) is a two-year program of full time study (or four years part-time) designed to enable graduates with a recognised bachelor's qualification, graduate certificate or graduate diploma in any field, and at a standard acceptable to the University of Sydney Business School, the opportunity to develop the knowledge and skills required for Associate Membership of professional accountancy bodies and as a foundation for a successful and rewarding career in professional accountancy. The foundation of the program exposes students to the broad organisational, regulatory and market context in which accountants operate. Building upon these foundations, students pursue advanced learning in accounting within the contexts of both professional practice and the theoretical paradigms that underpin such practice. The program reinforces technical excellence in these fields within a framework that emphases core professional competencies in critical thinking, problem-solving and strategic decision-making, professional communication and persuasion, information systems applications and management and ethical awareness and reasoning. While designed specifically for those from a non-business degree background, the program is also open to those with a prior bachelor's qualification or higher in a business-related field.
Students who have completed a Business School Master’s degree are eligible to pursue the Master of Commerce at a reduced duration of one year (normally two years full-time). See Master of Commerce for further information.
Minimum duration of degree
|2 years||4 years|
To be awarded the Master of Professional Accounting, students will successfully complete a total of 16 units of study (96 credit points), consisting of the following:
- 14 core units of study (84 credit points),* comprising seven foundational units (42 credit points), six advanced units (36 credit points) and a six credit point capstone unit.
- two elective units of study (12 credit points)*
* Please Note: Students who commenced study in this degree before 2014 can choose to follow the requirements of the year they commenced study and complete 13 core units and three elective units (the capstone unit is not required to be completed).
(i) Foundation units
- ACCT5001 Accounting Principles (must be completed in the first semester)
- BUSS5000 Critical Thinking in Business (must be completed in the first semester)
- BUSS5001 Firms, Markets and Business Management
- CLAW5001 Legal Environment of Business
- FINC5001 Capital Markets and Corporate Finance
- INFS5000 Accounting Information Systems
- QBUS5002 Quantitative Methods for Accounting
(ii) Advanced units
- ACCT5002 Managerial Accounting and Decision Making
- ACCT6001 Intermediate Financial Reporting
- ACCT6007 Contemporary Issues in Auditing
- ACCT6010 Advanced Financial Reporting
- CLAW6002 Corporate Structures in Practice
- CLAW6026 Taxation Law and Practice
(iii) Capstone unit *
* All students commencing study in this program from 2014, including transfer students, must complete the capstone unit. Students who commenced study prior to 2014 are not required to complete the capstone unit and complete an additional elective unit (three elective units in total).
- ACCT6002 International Accounting
- ACCT6003 Financial Statement Analysis
- ACCT6005 Management Control Systems
- ACCT6006 Advanced Managerial Accounting
- ACCT6014 Designing Accounting Systems **
- ACCT6015 Extended Performance Reporting
- ACCT6116 Corporate Collapse*
- ACCT6118 Public Sector Accounting*
- BUSS6500 Industry Placement ^
- BUSS6505 NEXT Innovation Program +
- BUSS6506 China Industry Placement ^
- CLAW6005 Regulation of Capital Markets *
- CLAW6030 China's Legal Environment for Business
- CLAW6031 International Financial Crime
- FINC6001 Intermediate Corporate Finance
- FINC6013 International Business Finance
- FINC6016 Financial Instruments and Markets
- IBUS5003 Global Business
- INFS6012 Enterprise Systems Management
- INFS6031 Project Management and Accounting *
- ITLS6001 Value Chain Costing *
- ITLS6501 Infrastructure Financing
- QBUS6310 Business Operations Analysis
- WORK5003 Management and Organisations
- WORK6030 Performance and Rewards
* Not offered for 2016.
** This unit is not available for students commencing study from 2016.
^ Students who achieve a WAM of 65%+ in a minimum of eight units of study (48 credit points) in their Master's degree may apply for an assessable work integrated learning unit.
+ Students who achieve a WAM of 65%+ in a minimum of four units of study (24 credit points) may apply for the NEXT Innovation Program.
NEXT Innovation program
Students who achieve a WAM of 65%+ in a minimum of eight units of study (48 credit points) may apply for the NEXT Innovation program, (BUSS6505 - six credit points). A globally recognised innovation program, the NEXT Innovation program is designed to give outstanding students practical experience in business innovation. For further information, see: NEXT Innovation Program
The Business School recognises the importance of prior learning and industry experience. If you hold a prior qualification or have industry experience of at least 3 years in duration, you could be eligible for recognition of prior learning in your Master of Professional Accounting degree.
For more information, please visit the recognition of prior learning information page.
The following table illustrates full-time learning sequence for the 16 unit Master of Professional Accounting program. This is the most appropriate sequence in which to enrol in units of study for this degree. Failure to follow this sequence, particularly in regards to ACCT coded units, could result in issues with your progression in this degree.
|YEAR||SESSION||UNITS OF STUDY||CREDIT POINTS|
|Semester 2||ACCT6007||CLAW6026||ACCT6120 (capstone)||elective||24|
Please Note: The information listed in these programs of study examples are meant as a guide only. Students should always check the requirements for individual units of study. Students are advised to plan their degree based upon their individual needs and to contact Staff and Student Services if they need any assistance in planning their progression in their degree.
Progression guides for students who have received recognition of prior learning (RPL)
1. 12 credit points recognition of prior learning (RPL)
The following table illustrates a suggested full-time learning sequence for the 16 unit Master of Professional Accounting program and have received 12 credit points of Recognition of prior learning. Please note that in their final semester student will be studying part-time, this will be approved for students who are on student VISAs.
|YEAR||SESSION||UNITS OF STUDY||CREDIT POINTS|
|Semester 2||CLAW6026||ACCT6120 (capstone)||RPLN7012 Recognition of prior learning||24|
2. Six credit points recognition of prior learning (RPL)
The following table illustrates a suggested full-time learning sequence for the 16 unit Master of Professional Accounting program and have received 6 credit points of Recognition of prior learning. Please note that in their final semester student will only be taking 3 units of study, this will be approved for students who are on student VISAs.
|YEAR||SESSION||UNITS OF STUDY||CREDIT POINTS|
|Semester 2||ACCT6007||CLAW6026||ACCT6120 (capstone)||RPLN7006 Recognition of prior learning||24|
(1) CPA Australia and Chartered Accountants Australia and New Zealand (CAANZ)
Completion of the core units for the Master of Professional Accounting satisfies the requirements of both Chartered Accountants Australia and New Zealand (CAANZ) and CPA Australia for accreditation under the direct program pathway. The foundation competency areas that are required by the two main professional accounting bodies in Australia are as follows:
|Competency areas||Required unit/s of study|
Accounting systems and processes
|ACCT5001 Accounting Principles|
Audit and assurance
|ACCT6007 Contemporary Issues in Auditing|
|Business law||CLAW5001 Legal Environment of Business AND CLAW6002 Corporate Structures in Practice|
|Economics||BUSS5001 Firms, Markets and Business Management|
|Finance and financial management||FINC5001 Capital Markets and Corporate Finance|
|Financial accounting and reporting||ACCT6001 Intermediate Financial Reporting AND ACCT6010 Advanced Financial Reporting|
|Information technology||INFS5000 Accounting Information Systems|
|Management accounting||ACCT5002 Management Accounting and Decision Making
|Quantitative methods||QBUS5002 Quantitative Methods for Accounting|
|Taxation||CLAW6026 Taxation Law and Practice|
A further competency area is Ethics which is covered across the curriculum of the program.
For further information regarding accreditation with these professional accounting bodies, please refer to the accredited course information on their respective websites:
(2) Association of Chartered Certified Accountants (ACCA)
The ACCA will allow four foundation unit exam exemptions for students who have completed the Master of Professional Accounting. In addition, students who complete certain accredited units of study may be eligible for up to a further five specific exam exemptions. As of 2017, the ACCA Accelerate Program provides the opportunity for high achieving students from the University of Sydney Business School Masters in Professional Accounting program to commence the professional level papers as early as the end of the first year of postgraduate studies with the exam fees waived providing they take their first exam within 12 months of graduating.
For further information regarding ACCA's exam exemptions, please visit the ACCA's website.