Master of Professional Accounting
Degree structure
To be awarded the Master of Professional Accounting, students complete 16 units of study (96 credit points), comprising:
- 14 core units of study (84 credit points) – seven foundational units of study (42 credit points), six advanced units of study (36 credit points), and a capstone unit of study (six credit points)
- two elective units of study (12 credit points).
Core units of study
(i) Foundation
Students must complete the following seven foundation units of study (42 credit points).
- ACCT5001 Accounting Principles (must be completed in first semester)
- BUSS5000 Critical Thinking in Business (must be completed in 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
Students must complete all six advanced units of study (36 credit points).
- 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
Students must complete the following six credit point capstone unit of study in their final semester of study:
- ACCT6120 Corporate Governance and Accountability.
Elective units of study
Students select two elective units of study (12 credit points) from the following options:
- 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 ^
- 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.
^ High-performing students who have completed at least 48 credit points of study in the program may be eligible to replace an elective with BUSS6500 Industry Placement, if selected for work placement on competitive merit.
* Not offered for 2014.
Professional accounting accreditation
Completion of the core units of the Master of Professional Accounting satisfies the requirements of both ICAA and CPA Australia for accreditation under the direct program pathway. The foundation core knowledge areas that are required by the two main professional accounting bodies in Australia are as follows:
| Core Knowledge Area | Required Unit of Study |
|---|---|
| Accounting information systems | INFS5000 Accounting Information Systems |
| Accounting systems and processes | ACCT5001 Accounting Principles |
| Accounting theory | ACCT6001 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 | ACCT6010 Advanced Financial Reporting |
| Management accounting | ACCT5002 Management Accounting and Decision Making |
| Quantitative methods | QBUS5002 Quantitative Methods for Accounting |
| Taxation | CLAW6026 Taxation Law and Practice |
Progression guide
The following table illustrates a suggested full-time learning sequence for the 16 unit Master of Professional Accounting program.
| YEAR | SESSION |
UNITS OF STUDY |
CREDIT POINTS | |||
|---|---|---|---|---|---|---|
|
Year 1 |
Semester 1 |
BUSS5000 Critical Thinking in Business |
ACCT5001 Accounting Principles |
QBUS5002 Quantitative Methods for Accounting |
CLAW5001 Legal Environment of Business |
24 |
| Semester 2 |
ACCT6001 Intermediate Financial Reporting |
ACCT5002 Managerial Accounting & Decision Making |
INFS5000 Accounting Information Systems |
BUSS5001 Firms, Markets & Business Management |
24 |
|
| Year 2 | Semester 1 |
ACCT6010 Advanced Financial Reporting |
CLAW6002 Corporate Structures in Practice |
FINC5001 Capital Markets & Corporate Finance |
elective unit |
24 |
| Semester 2 |
ACCT6007 Contemporary Issues in Auditing |
CLAW6026 Taxation Law & Practice |
ACCT6120 Corporate Governance & Accountability (capstone) |
elective unit |
24 |
|
|
96 |
||||||
Please note: The information listed in this example is based on the unit of study offerings for 2014 and is intended as a guide only. Students are usually able to complete the units of study for their course in different sequences to that which is listed (including enrolling in units in Summer or Winter School sessions when available). Students are advised to plan their course based upon their individual needs and to contact the Student Information Office if they need any assistance in planning their progression in their degree.