Master of Professional Accounting

The information on this page applies to future students. Current students should refer to their faculty handbooks for course information.

The Master of Professional Accounting offers you the opportunity to develop the knowledge and expertise you need for a rewarding career in accounting – starting with associate membership of professional accountancy bodies. You will undertake advanced learning in both theory and professional practice and learn to solve accounting and business problems in innovative ways.

The degree meets the requirements for professional accounting accreditation with the Chartered Accountants Australia and New Zealand (CAANZ) and CPA Australia. The program offers graduates with a recognised bachelor’s qualification in any field the opportunity to develop knowledge, understanding and expertise in the field of professional accountancy.

The program’s foundation exposes students to the broad organisational, regulatory and market context in which accountants operate. Students then pursue advanced learning in accounting within the contexts of both professional practice and the theoretical paradigms that underpin such practice.

Professional accountancy requires strong technical, analytical and practical problem-solving skills built upon comprehensive theoretical foundations, and this program will equip you with the knowledge and professional competencies you need. Innovation is a key component of the program, allowing you to develop a critical perspective on current practice and learn to solve problems in accounting and business reporting in fresh and innovative ways.

For upcoming events and information sessions relating to this degree and the University of Sydney Business School visit: sydney.edu.au/business/events.

Course outline

OUTLINE OF DEGREE STRUCTURE

The Master of Professional Accounting requires the completion of 96 credit points comprising:

  • 84 credit points in core units of study, and
  • 12 credit points in elective units of study.

Core units of study

(i) Foundational units:

  • ACCT5001 Accounting Principles,
  • BUSS5000 Critical Thinking in Business,
  • BUSS5001 Firms, Markets and Business Management,
  • CLAW5001 Legal Environment of Business,
  • FINC5001 Capital Markets and Corporate Finance,
  • INFS5000 Accounting Information Systems, and
  • 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, and
  • CLAW6026 Taxation Law and Practice.

(iii) Capstone Unit:  

  • ACCT6120 Corporate Governance and Accountability.

Elective units of study

Completion of two electives is also a requirement of the degree. Electives are selected from a wide range of Business School units of study, set out in the University of Sydney Business School (Postgraduate) Handbook, including:

  • ACCT6002 International Accounting
  • ACCT6003 Financial Statement Analysis
  • ACCT6005 Management Control Systems
  • ACCT6006 Advanced Managerial Accounting
  • ACCT6014 Designing Accounting Systems
  • ACCT6015 Extended Performance Reporting
  • BUSS6500 Industry Placement
  • BUSS6505 NEXT Innovation Program (formerly Deloitte FASTRACK Innovation Challenge)
  • 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
  • ITLS6501 Infrastructure Financing
  • QBUS6310 Business Operations Analysis
  • WORK5003 Management and Organisations
  • WORK6030 Performance and Rewards.

PROGRESSION GUIDE

YEAR ONE

Semester 1 Semester 2
BUSS5000
Critical Thinking in Business 
ACCT6001
Intermediate Financial Reporting 
ACCT5001
Accounting Principles 
ACCT5002
Managerial Accounting & Decision Making 
QBUS5002
Quantitative Methods for Accounting 
INFS5000
Accounting Information Systems 
CLAW5001
Legal Environment of Business 
BUSS5001
Firms, Marketing & Business   Management 
24 credit points 24 credit points

YEAR TWO

Semester 1 Semester 2
ACC6010
Advanced Financial Reporting 
ACCT6007
Contemporary Issues in Auditing 
CLAW6002
Corporate Structures in Practice 
CLAW6026
Taxation Law & Practice 
FINC5001
Capital Markets & Corporate Finance 
ACCT6120
Corporate Governance & Accountability 
Elective unit Elective unit
24 credit points 24 credit points

 For progression examples for students who have received Recognition of Prior Learning (RPL), please refer to the Business School website.

Embedded courses

Further course information

Progression rules

A candidate for the Master of Professional Accounting completes their core units ACCT5001 Accounting Principles and BUSS5000 Critical Thinking in Business in the first semester of enrolment. The capstone core unit, ACCT6120 Corporate Governance and Accountability, is completed in the final semester of enrolment. The remaining units are completed in any order depending on prerequisite/corequisite requirements. Students should refer to the Business School(Postgraduate) Handbook for this degree for the recommended sequence of progression.

Course outcomes and further study

Graduate opportunities

Sydney Master of Professional Accounting graduates look forward to employment in (and eventually, formation of their own) accounting practices; also to roles as chief financial officers, chief information officers, financial controllers, company secretaries, financial analysts and planners, tax and estate advisers, financial and management accountants, auditors, system designers, investment advisors and managers.

Course accreditation

CPA Australia and CAANZ accreditation


The Master of Professional Accounting satisfies the requirements of professional accreditation with CPA Australia (cpaaustralia.com.au) and with Chartered Accountants Australia and New Zealand (charteredaccountants.com.au).


Association of Chartered Certified Accountants (ACCA) accreditation


Students completing the Master of Professional Accounting are eligible to receive four exam exemptions from the Association of Chartered Certified Accountants (ACCA). In addition, students who complete certain accredited units are also eligible for a further five ACCA exam exemptions. For details, refer to the ACCA website.

Further study

Coursework study

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.  

Research study

The University of Sydney Business School has an outstanding reputation for the quality of its research across a wide range of academic disciplines. The Master of Professional Accounting is an entry pathway to our higher degree by research programs, the Doctor of Philosophy (PhD) and Master of Philosophy (MPhil).

The postgraduate research programs offered by the Business School attract a large number of domestic and international students each year. With more than 180 research students currently enrolled, we have one of the largest and most diverse higher degree by research programs in the Asia-Pacific region. Read more information about Sydney research at sydney.edu.au/business/research.

Admission

Admission requirements

A successful applicant for admission to the Master of Professional Accounting will hold the equivalent of an Australian bachelor's degree, graduate diploma/certificate from a recognised tertiary institution with a minimum credit (65 per cent) average. Qualifications awarded outside Australia can also be used for admission but equivalencies and entry requirements are determined based on the country, institution and qualification. You can find guidelines of the most common international entry requirements at http://sydney.edu.au/business/study/courses/admission_requirements.

How to apply

Domestic students

How to apply

Applications are made directly to the University and assessed by the Business School.

For students commencing in Semester 2, 2016, limited Commonwealth Supported Places (CSP) are available. To be eligible for consideration for a CSP, you must submit your application by the 8th of July, 2016.

Please note that CSP places in PG coursework will only be available to students newly commencing in their program of choice who are directly admitted to the Masters level.

International students

How to apply

Overseas applicants may apply:
(i) directly to the University, or
(ii) through a University overseas representative (education agent).

Fee disclaimer

Domestic students

Annual review for postgraduate student contribution amount

Importantly, student contribution amounts are subject to annual review by the University, and are likely to increase each year of your period of study (subject to a Commonwealth specified cap), effective at the start of each calendar year.

Postgraduate Domestic Tuition Fee

This 2016, tuition fee for a domestic postgraduate student represents the fee that is payable by you in the calendar year you commence your course, commencing in 2015 for a standard annual full time load of 48 credit points (1.0 EFTSL). If your study load is more or less than the 1.0 EFTSL your fee will differ.

Annual review for postgraduate domestic tuition fee

Importantly, tuition fees are subject to annual review by the University, and are likely to increase each year of your period of study, effective at the start of each calendar year.

Additional incidental fees

For some courses there are incidental fees additional to the student contribution and/or course fee. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing and equipment. For further information about these additional incidental fees, please visit the University's Future Students' website.

Potential for inaccuracy

Whilst every reasonable effort has been made to include correct and up to date information in this prospectus, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.

The academic requirements that are displayed are applicable to currently available courses only, and are updated annually in October and may be changed without notice. The Faculty Handbook and the University of Sydney Calendar are the official legal source of information relating to study at the University of Sydney, and you are referred to those documents

Please note that if you are classified by the University as a Research Training Scheme student in accordance with the Other Grants Guidelines (Research) 2010, you will be exempt from the payment of any SCA or tuition fees for courses undertaken as part of a Research Masters degree and Research Doctoral degree. More information about your eligibility for this Scheme is available here.

International students

International tuition fees for postgraduate students

This 2016, tuition fee for international postgraduate students represents the fees that are payable by you in the calendar year you commence your course, commencing in 2016, for a standard annual full time load of 48 credit points (1.0 EFTSL). If your study load is more or less than the 1.0 EFTSL your fee will differ.

Annual review

Importantly, tuition fees are subject to annual review, and are likely to increase each year of your period of study, effective at the start of each calendar year.

Additional incidental fees and health insurance

For some courses there are incidental fees additional to the tuition fees. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing, and equipment. The University's Future Students' webpage has further information about these additional incidental fees for postgraduate coursework students and postgraduate research students.

In addition to the fees indicated here for the course of study, International Students studying on an Australian Student Visa must have appropriate health insurance for the duration of their studies on a Student Visa through an approved provider of the Overseas Student Health Cover (OSHC) scheme. This is a requirement of the Australian Government, unless otherwise exempted by the Government.

Potential for inaccuracy

Whilst every reasonable effort has been made to include correct and up to date information here, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.

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