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:

  • 78 credit points in core units of study, and
  • 18 credit points in elective units of study.
Core units of study(i) Foundational units:
  • ACCT5001 Accounting Principles,
  • 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:

Embedded courses

Further course information

Progression rules

A candidate for the Master of Professional Accounting completes the core unit ACCT5001 Accounting Principles 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.

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.

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).

Important Fee Information

Domestic students

Indicative Postgraduate Student Contribution Amount

The student contribution amount for a Commonwealth Supported Place is an indication only of the 2017 amount payable in Year 1 for a standard full time load of 48 credit points (1.0 EFTSL). The exact student contribution that you pay will depend on the calendar year in which you undertake your study, and the specific units of study in which you ultimately enrol.

For further information about how to calculate your specific total student contribution, please refer to the University's Tuition Fees website.

Annual review and fee increases

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

Indicative Postgraduate Domestic Tuition Fee

The tuition fee for a domestic postgraduate student is an indication only of the 2017 fees payable in Year 1 for a standard full time load of 48 credit points (1.0 EFTSL). Depending on the calendar year in which you undertake your study, and if your study load is more or less than the 1.0 EFTSL, your tuition fee will differ from the indicative amount.

Annual review and fee increases

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

Additional incidental costs

For some courses there are incidental costs additional to the student contribution and/or course fee. Some of these incidental costs are significant, for example, faculty-specific materials, tools, protected clothing and equipment. Further information about these costs is available from your faculty.

Credit card surcharge

Please note that a surcharge of 0.8% will apply for payments made by Visa or MasterCard. The surcharge is subject to review and may change. Information about payment methods and the surcharge is set out at: http://sydney.edu.au/study/finances-fees-costs/fees-and-loans/paying-your-fees.html.

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 so that they can provide you with specific and up to date information about fees.

International students

Indicative International Tuition Fees for Postgraduate Students

The tuition fee for international postgraduate students is an indication only of the 2017 fees payable in Year 1 for a standard full time load of 48 credit points (1.0 EFTSL). Depending on the calendar year in which you undertake your study, and if your study load is more or less than the 1.0 EFTSL, your tuition fee will differ from the indicative amount.

Annual review and fee increases

Importantly, tuition fees are subject to annual review, and will 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 costs additional to the tuition fees. Some of these incidental costs are significant, for example, faculty-specific materials, tools, protected clothing, and equipment. Further information about these costs is available from your faculty.

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.

Credit card surcharge

Please note that a surcharge of 0.8% will apply for payments made by Visa or MasterCard. The surcharge is subject to review and may change. Information about payment methods and the surcharge is set out at: http://sydney.edu.au/study/finances-fees-costs/fees-and-loans/paying-your-fees.html.

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 so that they can provide you with specific and up to date information about fees.

Student profiles