Master of Accounting and Law

COURSE (DOMESTIC STUDENTS)

Overview

The accounting profession has recently seen a fundamental shift from a role that was seen as providing financial information and number crunching towards a multi-disciplinary advisory role. Similarly, many law firms increasingly favour graduates who display accounting and financial acumen.

Deakin's Master of Accounting and Law (MAL) course provides an advanced, integrated, and coherent set of multidisciplinary studies in a range of business and law disciplines, encompassing areas such as accounting, finance, commercial law and business taxation. Graduates will possess a skill-set covering accounting and related business law subjects, including superannuation, business taxation and financial services regulation.

The course offers graduates a pathway to gain entry to professional accounting bodies such as the CPA Australia, the Institute of Public Accountants, Chartered Accountants Australia and New Zealand and exemptions from the Association of Chartered Certified Accountants (ACCA).

Graduates with a Master of Accounting and Law will have multi-disciplinary skills with the ability to solve complex business issues in multiple markets.

Read More VIEW INTERNATIONAL COURSE INFORMATION

Key facts

Duration

1.5 to 2 years full-time or part-time equivalent (please refer to Course pathways information below)

Campuses

Offered at Burwood (Melbourne) Cloud (online)

Trimester 1

  • Start date: March
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Trimester 2

  • Start date: July
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Trimester 3

  • Start date: November
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Key information

Award granted

Master of Accounting and Law

Year

2018 course information

Estimated tuition fee - full-fee paying place

$27,800 for 1 yr full-time - Full-fee paying place
Learn more about fees and your options for paying.

Estimated tuition fee - (CSP)

Not applicable

Deakin code

M749

CRICOS code

092027E

Level

Higher Degree Coursework (Masters and Doctorates)

Approval status

This course is approved by the University under the Higher Education Standards Framework.

Australian Quality Framework (AQF) recognition

The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 9.

Course Structure

To complete the Master of Accounting and Law, students must complete the three day Law Orientation Program and attain a total of 16 credit points.  The 16 credit points consists of 15 credit points of core units and a 1 credit point elective unit chosen from a list.  Most units (think of units as 'subjects') are equal to 1 credit point.

 

Students are introduced to research tools and techniques in core units of the course where they learn analytic skills and the practical application of those skills in professional contexts. They must also complete advanced level units and a capstone unit that require them to integrate the skills learnt over their course of study and produce applied pieces of research with reference to prevailing literature.

Core units

Three day Orientation Program (Australian Legal System and Methods) #

Plus

  • Accounting for Management MAA703 1, 2, 4
  • Corporate Auditing MAA705 2, 3, 4
  • Financial Accounting MAA716 1, 2
  • Advanced Accounting Principles and Practice MAA725 1, 2
  • Principles of Income Tax Law MLC703
  • Commercial and Corporations Law MLC707 1, 2, 4
  • Business Taxation Law and Policy MLC709
  • Financial Services Regulation MLM717
  • Venture Law Clinic MLM718
  • Superannuation Law and Policy MLM727
  • Accounting and Legal Research Methods MLM732 ^
  • Accounting MPA701 1,2
  • Economics for Managers MPE781 1,2
  • Finance MPF753 1,2,4
  • MPM701/MPM701ABusiness Process Management *1, 2
  • *MPM701A is a Start Anytime unit

    ^ Previously coded MAA730

    # Orientation program is compulsory for all students. The program will be recorded for Cloud students only. Campus-based students must attend.

    Notes:
    1 Required by CPA Australia for Associate (foundation level) Membership.
    2 Required by the Chartered Accountants Australia and New Zealand for entry to the CA Program.
    3 For candidates who have completed an accredited degree in Australia, this unit may be taken as part of the CPA program. Other students must complete the unit before becoming an Associate Member of CPA Australia.
    4 For candidates who would like to obtain exemptions to the ACCA program.

    Elective units

    Select a 1 credit point unit from the Accounting or Law elective list:

    Accounting electives:

  • Strategic Management Accounting MAA744
  • Governance and Fraud MAA763
  • Law electives:

  • Corporate Insolvency Law and Policy MLC713
  • Corporate Governance MLM706
  • Alternative Dispute Resolution: Principles and Practice MLM716
  • Corporations Law MLM731
  • International Financial Crime MLM788
  • Entry requirements

    Deakin University offers admission to postgraduate courses through a number of Admission categories.
    In all categories of admission, selection is based primarily on academic merit as indicated by an applicant's previous academic record.

    All applicants must meet the minimum English language requirements.

    Entry will be based on performance in:

    • a Bachelor degree, major or other qualification at a higher AQF level in any discipline

    For more information on the Admission Criteria and Selection (Higher Education Courses) Policy visit Deakin Policy Library.

    Professional Recognition

    Completion of the appropriate selection of units within the Master of Accounting and Law grants eligibility for entry as an associate member of CPA Australia, and meets the educational requirements for entry into the CA program of the Chartered Accountants Australia and New Zealand (CAANZ), the Institute of Public Accountants (IPA) and exemptions from the Association of Chartered Certified Accountants (ACCA) towards the ACCA qualification.

    Students should carefully note the trimesters when units are offered to ensure that all required units can be completed in the appropriate time frame.

    Students who wish to enter the CA, CPA and IPA programs or exemptions to the ACCA program are advised that it is their responsibility to ensure that they take the appropriate units required for entry.

    Students who have completed prior undergraduate or graduate units in accounting, law or other core knowledge areas are advised to have their qualifications assessed by their preferred professional organization to ensure they complete the correct units.

    Please note: The eligibility of students for membership of any of the accounting accrediting bodies is subject to meeting the requirements of that body.

    Career outcomes

    Graduates of this course would typically seek employment in areas of accounting such as financial accounting, auditing, taxation, management accounting, public sector accounting, forensic accounting or commercial law. However accountants can choose to work in a range of different environments depending on their own skills and preferences. They can choose to work in large firms, small public practices, industry, government, law firms, management consultancies, banking and financial services, not-for-profit organisations (NPOs) or educational organisations. Many also set up their own businesses.

    Given the fundamental shift of accountants towards a wide-ranging advisory role, career opportunities are also becoming available in other vocations including working as financial planners, investment advisers, market analysts, tax consultants, advisers in mergers and acquisitions, in corporate recovery and insolvency, treasury banking, e-commerce or information technology.

    Course learning outcomes

    Graduate Learning Outcome Course Learning Outcome
    Discipline specific knowledge and capabilities Demonstrate an integrated understanding of current and emerging accounting and related legal concepts and practices
    Communication Demonstrate skills to justify and analyse complex accounting and legal problems and present to both accountants and lawyers
    Digital literacy Apply appropriate software and internet technologies to analyse financial and regulatory information
    Critical thinking Apply in-depth analytical skills to evaluate financial and regulatory information expected of business professionals within a legal framework
    Problem solving Develop solutions to real world problems faced by accounting and legal professionals in business environment
    Self-management Use acquired skills to organise own learning including the conduct of independent research and justification of decision choices
    Teamwork Collaborate and communicate in groups to interpret decision-relevant information and develop suitable business recommendations
    Global citizenship Engage ethically, professionally and productively in a professional accounting and business context in light of changing global perspectives.
       

     

    How to apply

    Apply direct to Deakin

    Applications must be made directly to the University through the Applicant Portal. For information on the application process and closing dates, see the how to apply web page. Please note that closing dates may vary for individual courses.

    Apply through Deakin

    Need more information on how to apply?

    For more information on the application process and closing dates, see the How to apply webpage. If you're still having problems, please contact us for assistance.

    Register your interest to study at Deakin

    Please complete the Register your interest form to receive further information about our direct application opportunities.

    Course pathways

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    Tap the infographic to explore your options

    *A shorter course duration is available to students entering from a same discipline background.  A ‘same discipline’ award for this course is a Bachelor degree in Accounting or Finance or a Bachelor degree in Commerce or Business with a major sequence in Accounting and/or Finance.

    ^ Relevant work experience is business experience either in an accounting and/or finance role or in a managerial position with business oversight responsibilities in an accounting and/or finance related field, such as financial accounting, management accounting and controllership, tax advisory, financial consulting and financial analysis.

    # Students from a common law background may receive additional exemptions if they have completed areas in the program.

    Alternative exits

    Credit for Prior Learning

    Am I eligible to receive credit for prior learning?

    The University aims to provide students with as much credit as possible for approved prior study or informal learning which exceeds the normal entrance requirements for the course and is within the constraints of the course regulations. Students are required to complete a minimum of one-third of the course at Deakin University, or four credit points, whichever is the greater. In the case of certificates, including graduate certificates, a minimum of two credit points within the course must be completed at Deakin.

    You can also refer to the Credit for Prior Learning System which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.

    Faculty contact information

    Faculty of Business and Law - student advisers
    Tel 03 9244 6555
    Email buslaw@deakin.edu.au

    Workload

    As a student in the Faculty of Business and Law, you can expect to participate in a range of teaching activities each week. This could include classes, seminars, practicals and online interaction. You can refer to the individual unit details in the course structure for more information. You will also need to study and complete assessment tasks in your own time.

    Fee information

    The tuition fees you pay will depend on the type of fee place you hold. 

    • If you are enrolled in a Commonwealth supported place, your tuition fees are calculated depending on the units you choose.
    • If you are enrolled in a full fee paying place, your tuition fees are calculated depending on the course you choose.

    In both cases, the ‘Estimated tuition fee’ is provided as a guide only based on a typical enrolment of students completing the first year of this course. The cost will vary depending on the units you choose, your study load, the length of your course and any approved Credit for Prior Learning you have.

    Each unit you enrol in has a credit point value. The ‘Estimated tuition fee’ is calculated by adding together 8 credit points of a typical combination of units for that course. Eight credit points is used as it represents a typical full-time enrolment load for a year.

    You can find the credit point value of each unit under the Unit Description by searching for the unit in the Handbook.

    Learn more about fees and available payment options.

    Scholarship options

    A Deakin scholarship could help you pay for your course fees, living costs and study materials. If you've got something special to offer Deakin - or maybe you just need a bit of extra support - we've got a scholarship opportunity for you. Search or browse through our scholarships

    Additional course information

    Domestic students enrolled in certain postgraduate coursework programs may be eligible for student income support through Youth Allowance and Austudy.

    Further information can be found at Deakin University's Fees website.

    Offered campuses

    Burwood

    Just 30 minutes from the city centre, the Melbourne Burwood Campus is Deakin's thriving metropolitan campus.


    Study online at Cloud Campus

    Students are able to study all or part of this course online. You can study anywhere, anytime through Deakin's Cloud Campus.

    Learn more about studying online and the Cloud Campus

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