You can tailor the Master of Commerce program to achieve the level of study required for a particular professional accreditation. The following accreditation options are available:
Australian Computer Society (ACS) accreditation program
Students planning to satisfy the accreditation requirements of the ACS should include in their degree a prescribed set of units of study, including a specialisation in Business Information Systems. The required units of study are listed below:
- The foundation unit of study INFS5001 Project Management from 'Foundational units of study'
- At least five advanced Business Information Systems (INFS 6000-level) elective units of study (30 credit points).
For further information, click on the following link: ACS accreditation.
Professional accreditation in accounting
Students seeking associate membership of CPA Australia or the Institute of Chartered Accountants Australia (ICAA) should complete the Master of Professional Accounting which is accredited by both CPA Australia and the ICAA. Depending on their choice of units of study, however, students enrolled in the Masters of Commerce program may also be able to cover the core knowledge foundation areas required for associate membership of CPA Australia or the ICAA.
Subject to a successful accreditation of this new program commencing in Semester 2, 2013, choice of the following units of study are suggested to maximise the coverage of the foundation core knowledge areas that are required by the two main professional accounting bodies in Australia:
|Required knowledge area||Subject code||Subject's name|
Accounting information systems
Designing Accounting Systems OR
Accounting systems and processes
Intermediate Financial Reporting
Audit and assurance
|ACCT6007 #|| |
Contemporary Issues in Auditing
|Commercial law||CLAW5001||Legal Environment of Business|
|Corporations law||CLAW6002||Corporate Structures in Practice|
|Economics||BUSS5001||Firms, Markets and Business Management|
|Finance||FINC5001||Capital Markets and Corporate Finance|
|Financial accounting||ACCT6001 AND
|Intermediate Financial Reporting AND |
Advanced Financial Reporting
|Management accounting||ACCT5002||Management Accounting and Decision Making|
|Quantitative methods||QBUS5001 OR
|Quantitative Methods for Business OR|
Principles of Econometrics
|Taxation||CLAW6026#||Taxation Law and Practice|
# Note: CPA Australia allows graduates the option of completing auditing and taxation units as part of their degree at university,or as electives in their professional level studies within the CPA program.
Note: Students enrolled in the 16 unit Master of Commerce, commencing Semester 2 2013, can complete all the required units of study covering the core knowledge areas to meet the joint accreditation requirements for CPA Australia and the ICAA, depending on the area(s) of specialisation, and electives units of study, they select.
As recent changes have occurred in the foundation core knowledge area requirements of both professional bodies, students should check each of the ICAA and CPA Australia websites for current requirements for associate membership and further professional program requirements to achieve CA or CPA status. In addition, they can seek advice from the CPA/ICAA accreditation liaison officer in the Discipline of Accounting. For further information regarding accreditation with these professional accounting bodies, please refer to the accredited course information on their respective websites:
Preparation for Certified Financial Advisor (CFA) Exams
The learning content offered in the Finance specialisation has considerable overlap with Levels I, II and III of the CFA and assists with preparation for the external CFA exams. The following units of study are especially relevant to students wishing to take the CFA exams:
- FINC5001 Capital Markets and Corporate Finance
- FINC6001 Intermediate Corporate Finance
- FINC6009 Portfolio Theory and its Applications
- FINC6010 Derivative Securities
- FINC6014 Fixed Income Securities
- FINC6017 Mergers and Acquisitions
- FINC6021 Corporate Valuation
- FINC6022 Behavioural Finance
- FINC6023 Risk Management