Master of Professional Accounting

Course summary for local students

Year2017 course information
Award granted Master of Professional Accounting
CampusOffered at Burwood (Melbourne)
Cloud CampusYes
Length1.5 years full-time or part-time equivalent
Next available intake

2016: November (Trimester 3)

2017: March (Trimester 1), July (Trimester 2), November (Trimester 3)

CSP annual fee (indicative) - commencing 2017Not applicable
Full fee paying annual fee - commencing 2017$27,000 for 1 yr full-time - Full-fee paying place
Faculty contacts

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

LevelHigher Degree Coursework (Masters and Doctorates)
CRICOS course code073435B
Deakin course code M720

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.

Fees and charges

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.

Career opportunities

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 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

 

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

MPF753Finance 1, 2, 4

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*

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.

*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.

 


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.

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 Admission Criteria and Selection Policy visit The Guide.

Entry requirements - specific

Minimum entry requirements:

 - Bachelor degree in any discipline with a minimum weighted average mark (WAM) of 60% and 3 years relevant work experience

or

 - Bachelor degree in a relevant discipline with a minimum WAM of 60%

or

 - Graduate Certificate in a related discipline

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 and how to apply for credit.

How to apply

Applications for this course can be made directly through our Applicant Portal.

For more information on the application process, visit our Apply webpage. Please note that closing dates may vary for individual courses.


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.

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.