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Master of Professional Accounting/Master of Commerce

Course summary for local students

Award granted

Master of Professional Accounting / Master of Commerce

CampusOffered at Burwood (Melbourne)
Cloud (online)Yes
Length2 years full-time or part-time equivalent
Next available intake

March (Trimester 1), July (Trimester 2), November (Trimester 3)

Indicative annual fee 2015$23,700 - Full-fee paying place
Faculty contacts

Postgraduate Student Administration
Faculty of Business and Law
Tel 03 5227 3447 Waterfront (Geelong)
Tel 03 9244 5043 Burwood (Melbourne)
Tel 1800 624 316 Customer Service

CRICOS course code054579K
Deakin course code D706

Course sub-headings

Course overview

The Master of Professional Accounting/Master of Commerce aims to provide graduates from an accounting or non-accounting background with the opportunity to undertake graduate studies leading to two Masters degrees – the Master of Professional Accounting and the Master of Commerce. By choosing appropriate units, you can complete the educational requirements for associate membership status with CPA Australia or the Institute of Chartered Accountants in Australia CA Program.


Graduating with a Master of Professional Accounting/Master of Commerce from Deakin will open the door to many employment opportunities and a huge variety of business careers. Recently the accounting profession has seen a fundamental shift from a role that was seen as providing financial information and number crunching towards a wide-ranging advisory role. Today's accountants are now seen as providers of business management information.

Professional recognition

Completion of the appropriate sequence of units within the Master of Professional Accounting/Master of Commerce grants eligibility for CPA status of CPA Australia, subject to work experience requirements. Alternatively by choosing appropriate units you will have the opportunity to undertake studies leading towards entry into the Institute of Chartered Accountants in Australia’s CA Program, the Institute of Public Accountants and exemptions in the ACCA (Association of Chartered Certified Accountants).

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Fees and charges

Equivalent Full Time Student Load (EFTSL)
EFTSL is the standard annual full time load. Eight credit points is the standard full time load for one year of study.

Fee paying place - Domestic (DFP)
A fee paying place is one for which the university does not receive any government funding. As such, students enrolled in these places are required to contribute the full cost of their course.
Fee paying places are available to domestic students. Domestic students are those who are Australian citizens, New Zealand citizens or holders of a permanent visa.

*Indicative course fees should be used as a guide only. Deakin University assumes no responsibility for persons relying on indicative course fees to calculate the total future cost of their course. The indicative course fee is an estimate based on a typical enrolment a student may have for their first year of study in 2015 for their course. The indicative course fee is based on historical first year enrolments within the course, reflecting the discipline cluster of the units which may be studied within the course. The actual fees charged will depend on the individual units chosen. The cost of each unit can be viewed from the Unit Search. Please note that the fees per unit/credit point may increase annually due to rises in the cost of course delivery and services.

Career opportunities

As an accountant you can choose to work in a range of different environments depending on your own skills and preferences. You can choose to work in large firms, small public practices, industry, government or education. You may also set up your own businesses.

Examples of the accounting environments available for employment include: chartered accounting firms, smaller accountancy practices, government organisations, business and commercial enterprises, not-for-profit organisations (NPOs), banking and financial services, management consultancies, educational organisations and law firms.

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 and commercial law.

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.

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Course rules

The Master of Professional Accounting/Master of Commerce requires completion of 16 credit points comprising 7 credit points of core units and 9 credit points of elective units (selection of elective units must form a Master of Commerce specialisation; see below for details of the Master of Commerce specialisations offered under this course).

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Refer to the details of each specialisation for availability.


Arts and Entertainment Management

Business Analytics

eBusiness and Supply Chain Management

Financial Planning
Insurance and Risk Management
International Trade and Business

Project Management

Public Sector Studies

Retail Management

Social Media and Mobile Strategies

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Course structure

Core units

MAA703 Accounting for Management  1, 2, 4

MAA716 Financial Accounting  1, 2

MAA725 Advanced Accounting Principles and Practice  1, 2, 4

MPA701 Accounting  1, 2

MPE781 Economics for Managers  1, 2


MPT781 Economics for Managers (Tour)  #

MPF753/MPT753 Finance  1, 2 #

MPM701 Business Process Management  1, 2, 4


Elective units

Select 9 credit points of units from:

MAA705 Corporate Auditing  2, 3, 4

MLC703 Principles of Income Tax Law  2, 3, 4

MLC707 Commercial and Corporations Law  1, 2


Note: Selection of elective units must form a specialisation from

M705 Master of Commerce 


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.


1 Required by CPA Australia for Associate (foundation level) Membership.
2 Required by the Institute of Chartered Accountants in Australia 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.

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.

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Entry requirements - general

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.
For more information on the Deakin Admissions Policy visit The Guide.

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Entry requirements - specific

Completion of a tertiary program equivalent to not less than 3 years of full-time study at a university or other approved educational institution.

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Credit for prior learning - general

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.

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How to apply

Applications must be made directly to the University through the Applicant Portal.  Details of available courses and application closing dates can be found on the Apply webpage. Please note that closing dates may vary for individual courses.

Your course may require further information in support of your application. Please refer to the faculty information website for further details.

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Income support

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.


Deakin University acknowledges the traditional land owners of present campus sites.

8th June 2007