Master of Professional Accounting

Course summary for current students

Year2016 course information
Award granted Master of Professional Accounting
CampusOffered at Burwood (Melbourne)
Cloud (online)Yes
Duration1.5 years full-time or part-time equivalent
CRICOS course code073435B
Deakin course codeM720

Students who commenced this course prior to 2012 should discuss unit selections with their enrolment officer.

Course sub-headings

Course overview

Deakin's Master of Professional Accounting covers engaging areas such as corporate and management accounting, commercial law, corporations law, accounting theory, economics, and finance.

Open to graduates from both accounting and non-accounting background, you’ll be given the opportunity to become associate members of CPA Australia or to enter the Chartered Accountants Australia and New Zealand to undertake the CA program.

The accounting profession has recently seen a fundamental shift from a role that was seen as providing financial information and number crunching towards a wide-ranging advisory role. Graduating with a Master of Professional Accounting from Deakin opens the door to a huge variety of business careers.

Today’s accountants are now seen as providers of business management information – a role perfectly suited to graduates of this professional accounting course.

 

Professional recognition

Completion of the appropriate selection of units within the Master of Professional Accounting 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), Professional Accounting Program (PEP). Upon completion of appropriate program units, it is also possible to receive 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 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.


Course Learning Outcomes

Graduate Learning Outcome Course Learning Outcome
Discipline specific knowledge and capabilities Demonstrate an advanced and integrated understanding of current and emerging accounting concepts and practices in contemporary business.
Communication Use advanced communication skills to justify and communicate complex accounting concepts and ideas to both accountants and non-accountants
Digital literacy Select and apply appropriate digital technologies to find, use, manage and disseminate complex accounting and business data, information and ideas.
Critical thinking Use a specialised set of high order cognitive and critical analysis skills expected of accounting professionals in contemporary business to evaluate, synthesise and justify complex ideas and recommendations.
Problem solving Develop solutions to real world and ill-defined problems faced by accounting professionals in business.
Self-management Use acquired skills to undertake own work and learning and conduct independent research.
Teamwork Collaborate and communicate in teams to interpret decision-relevant information and develop accounting and business advice and ideas.
Global citizenship Engage ethically, professionally and productively in a professional accounting and business context in light of changing global perspectives.
  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 Master of Professional Accounting, students must attain a total of 12 credit points, consisting of 8 credit points of core units and 4 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

MAA753Professional Research and Analysis

MAA763Governance and Fraud

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 4 credit points of units from:

MAA705Corporate Auditing 2, 3, 4

MAA744Strategic Management Accounting

MLC703Principles of Income Tax Law 2, 3

MPM701/MPM701ABusiness Process Management 1, 2*

MPT781/MPE781Economics for Managers 1, 2 #

or units from the 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.