Master of Professional Accounting

Course summary for local students

Year2016 course information
Award granted Master of Professional Accounting
CampusOffered at Burwood (Melbourne)
Cloud (online)Yes
Length1.5 years full-time or part-time equivalent
Next available intake

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

CSP annual fee (indicative) - commencing 2016Not applicable
Full fee paying annual fee - commencing 2016$26,000 - Full-fee paying place
LevelHigher Degree Coursework (Masters and Doctorates)
Faculty contacts

Faculty of Business and Law - student advisers
Tel 03 9244 6555
Email buslaw@deakin.edu.au
Deakin Customer Service
Tel 1800 624 316

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 aims to provide graduates from an accounting or non-accounting background with the opportunity to undertake studies leading toward associate membership of CPA Australia or entry into the Institute of Chartered Accountants to undertake the CA program.

As part of the course you will study areas such as corporate and management accounting, commercial law, corporate auditing, corporations law, accounting theory, information systems for business, economics and finance.

Graduating with a Master of Professional Accounting 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.

Successful completion of the Graduate Certificate of Accounting or the Graduate Diploma of Accounting allows articulation into the Master of Professional Accounting.

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 Institute of Chartered Accountants in Australia (ICAA), 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.

Fees and charges

Equivalent Full Time Student Load (EFTSL)
EFTSL is the standard annual full time load. Eight credit points is considered a standard full time load for one year of study. Each unit you study has an EFTSL value. You can add these together to calculate your study load for each year.

Commonwealth supported place (CSP)
A Commonwealth supported place is one for which the University receives some Government funding. Students enrolled in these places are required to contribute only part of the cost of their course. To be eligible for a Commonwealth supported place you must be an Australian citizen, or a New Zealand citizen or holder of a permanent visa who will be residing in Australia for the duration of your unit/s of study.

* The indicative annual course fee shown has been provided as a guide only. It has been calculated on the basis of a typical enrolment of a student undertaking the course in 2016, and reflects the cost involved in undertaking a full-time quota of units within the specified discipline. The 2016 CSP course fees may change if the Commonwealth Government's proposed fee deregulation and reforms legislation is passed.

The actual fees charged by Deakin University will depend upon the discipline from which each individual unit is chosen, and may vary from the indicative course fee cited, particularly if units are chosen from a number of disciplines. The cost of each unit offered in 2016 can be viewed from the Unit Search.

The fees per unit/credit point may increase annually due to rises in the cost of course delivery and service.

Deakin assumes no responsibility for persons relying on "indicative course fees" to calculate the total future cost of their course.

Australian citizens or holders of a permanent humanitarian visa, enrolling in a CSP, may be eligible for HECS-HELP to assist in paying their tuition fees. For more information about HECS-HELP visit the Study Assist website.

Full-fee paying place - Domestic (DFP)
A full-fee paying place is one which the University does not receive any Government funding. Students enrolled in these places are required to contribute the full cost of their course.

Domestic full-fee paying places are available to Australian citizens, New Zealand citizens or holders of a permanent visa.

The annual course fee shown has been provided as a guide only. The actual fees charged by Deakin University, is based on the course a student enrols in and the study load (EFTSL) of the units undertaken. The EFSTL value of each unit offered in 2016 can be viewed from the Unit Search.

To calculate the cost of each unit you can multiply the course price by the EFTSL value of all units undertaken.

The course based fees may increase annually due to rises in the cost of course delivery and service.

Deakin assumes no responsibility for persons relying on these course fees to calculate the future cost of their course.

Domestic students may be eligible for FEE-HELP to assist in pay their tuition fees. For more information about FEE-HELP visit the Study Assist website.

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 rules

The Master of Professional Accounting requires completion of 12 credit points comprising 8 credit points of core units and 4 credit points of elective units.

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 for Accountants

MAA763Governance and Fraud

MLC707Commercial and Corporations Law 1, 2

MPA701Accounting 1, 2

MPT753/MPF753Finance 1, 2, 4 #

Elective units

Select 4 credit points of units from:

MAA705Corporate Auditing 2, 3, 4

MAA744Strategic Management Accounting

MLC703Principles of Income Tax Law 2, 3

MPM701Business 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.

Notes:
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.

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.

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

Standard Admission:
- 3 year bachelors degree or AQF equivalent

Completion of the Graduate Certificate or Graduate Diploma of Professional Accounting will also allow articulation into the Master of Professional Accounting.

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.

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.


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.