Graduate Diploma of Professional Accounting

Course summary for current students

Year2016 course information
Award granted Graduate Diploma of Professional Accounting
CampusOffered at Burwood (Melbourne)
Cloud (online)Yes
Duration1 year full-time or part-time equivalent
Deakin course codeM696

M696 was previously titled Graduate Diploma of Accounting.

 

Course sub-headings

Course overview

Accountants are finance and information specialists, and the major decision-makers in a wide range of organisations. This course offers the opportunity to complement your overall management knowledge and expertise, or to establish a pathway to further studies towards membership of CPA Australia or entry into the CA Program.

Complex global markets and reporting requirements mean that never before has accounting been a more dynamic and exciting profession. Accountants are finance and information specialists who inform business decision making within a wide range of organisations.

This course provides pathways to professional accounting qualifications for graduates of any discipline. You’ll get the skills, technical knowledge and understanding required in accounting and finance, and their application within the broader world of business.

Among the areas covered are topics such as cost concepts and cost-volume-profit relationships, financial performance analysis, and contemporary approaches to measuring performance. You’ll gain an understanding of the regulatory and conceptual frameworks that underpin accounting for corporate entities and of the logic behind existing accounting rules.

You’ll explore complex areas of financial accounting, including accounting for income tax, impairments of assets, various assets and expenses, and foreign currency issues. In addition to the more technical areas of accounting, the fundamentals of accounting theory and of accounting for corporate social responsibility are introduced.

Deakin Business School's Work Integrated Learning program gives you the opportunity to enhance your job prospects with real world experience. In the finance unit you’ll have the opportunity to engage with business within the workplace and in doing so develop practical and analytical finance skills by participating in real-world projects.

You’ll develop analytical skills for making key financial management decisions, including time-value-of money and risk-return analytics. The unit will offer useful 'take-home' skills and knowledge relevant both if you are running (or are planning to run) your own business or for roles in managerial positions within large companies.

As an accounting graduate you may find employment in major international accounting firms, investment banks and virtually every area of business and government.

 

Professional recognition

The Graduate Diploma of Professional Accounting may provide eligibility to join in the programs of CPA Australia, the Institute of Chartered Accountants in Australia, the Institute of Public Accountants and the Association of Chartered Certified Accountants (ACCA).

Completion of the Graduate Diploma of Professional Accounting and selecting the correct combination of units in one of our professionally accredited courses, provides the opportunity for students to be eligible to apply for admission to the:

CA Program of the Chartered Accountants Australia and New Zealand (CAANZ)
Associate membership for the CPA Program, CPA Australia
IPA Program for the Institute of Public Accountants (IPA) and
Exemptions may apply for the Association of Chartered Certified Accountants (ACCA).

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 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 or other core knowledge areas are advised to have their qualifications assessed by their preferred professional organisation 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 and that Deakin makes no representations that individuals will meet those requirements.

Pathways

Upon completing the Graduate Diploma of Professional Accounting you can progress to the Master of Professional Accounting, Master of Commerce, or Master of Professional Accounting/Master of Commerce.


Course Learning Outcomes

Graduate Learning Outcome Course Learning Outcome
Discipline specific knowledge and capabilities Demonstrate conceptual knowledge of advanced accounting and techniques in auditing and financial management including applications to complex real-world problems.
Communication Draft and present user- friendly reports that clarifies the merits and weaknesses of alternate solutions and makes defensible recommendations.
Digital literacy Not explicitly addressed as a learning outcome in this award.
Critical thinking Identify potential alternative accounting and financial solutions and evaluate both financial and non-financial costs and benefits of such solutions.
Problem solving Determine ways to resolve a firm’s financial and non-financial constraints through appropriate match with the theoretical solutions and develop a structured implementation plan.
Self-management Not explicitly addressed as a learning outcome in this award.
Teamwork Not explicitly addressed as a learning outcome in this award.
Global citizenship Not explicitly addressed as a learning outcome in this award.
  Approved by Faculty Board October 2014

 

Fees and charges

All Commonwealth Supported Place (CSP), fee paying undergraduate and pre-2016 commencing students

Your course tuition fees are calculated based on the units you study. Please refer to the Pre 2016 Unit Fee Cost in the Unit Search.

2016 commencing International and full fee paying postgraduate domestic students

Your course tuition fees are calculated based on the course you study. The following rates apply:

Commonwealth Supported Place (indicative)*Domestic Fee PayingInternational Fee Paying
Not applicable$26,000$33,000

The rates shown are based on 1 Equivalent Full Time Study Load (EFTSL) or 8 credit points. If your study load for the year is less than or more than 1 EFTSL your fees will be adjusted accordingly. Each unit you study has an EFTSL value. You can multiple the course price by the EFSTL value of all units you are enrolled in to determine the unit price.

* The Commonwealth Supported Place (CSP) course rates shown are indicative course fees. CSP fees are indicative because they are calculated based on your unit selection. They should be used as a guide only. The 2016 CSP course fees may change if the Commonwealth Government's proposed fee deregulation and reforms legislation is passed.

Course rules

To complete the Graduate Diploma of Professional Accounting, students must attain a total of 8 credit points, consisting of 6 credit points of core units and 2 credit points of elective units. Most units (think of units as 'subjects') are equal to 1 credit point.

Course structure

Core units

MAA703Accounting for Management 1, 2, 4

MAA716Financial Accounting 1, 2

MAA725Advanced Accounting Principles and Practice 1, 2

MLC707Commercial and Corporations Law 1, 2

MPA701Accounting 1, 2

MPT753/MPF753Finance 1, 2, 4 #

# MPT code denotes study tour version of the unit.

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 2 credit points of units from:

MAA705Corporate Auditing 2, 3, 4

MLC703Principles of Income Tax Law 2, 3, 4

MPT781/MPE781Economics for Managers 1, 2 #

MPM701/MPM701ABusiness Process Management 1, 2*

or units from the Master of Professional Accounting, Master of International Finance and the Master of Financial Planning. Other postgraduate units may be taken subject to the approval of the Course Team Chair.

# MPT code denotes study tour version of the unit.

*MPM701A is a Start Anytime unit.

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.


Credit for Prior Learning

Credit for prior learning into the Graduate Diploma of Professional Accounting may be granted to students who have successfully completed appropriate postgraduate studies.  There are negotiated credit for prior learning arrangements in place for CPA members.