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Master of Professional Accounting

Postgraduate coursework

Open new doors in your career by expanding your skills and knowledge in business and finance. Apply to study Master of Professional Accounting.

Key facts

Duration

The time and cost can be reduced based on your previous qualifications and professional experience. This means you can fast track the masters degree from 2 years down to 1.5 years, or even 1 year duration. See entry requirements below for more information.

Key dates

Direct applications to Deakin for Trimester 1 2023 close 19 February 2023

Current Deakin Students

To access your official course details for the year you started your degree, please visit the handbook

Course overview

Expand your depth of knowledge and career opportunities by studying the Master of Professional Accounting. You'll graduate with the specialised skills and knowledge to practise as an accountant, specialising in your chosen field of business.

Are you ready to make your mark on the finance sector?

Whether you're looking to upgrade your existing qualifications or move into a new professional field altogether, Deakin’s Master of Professional Accounting enables you to make either possibility a reality.

Open to students from both accounting and non-accounting backgrounds, you’ll have the opportunity to complete the necessary studies to become an associate member of CPA Australia, to enter the Chartered Accountants Australia and New Zealand to undertake the CA program, or to enter the IPA professional program.

Now is the perfect time to draw on your prior career experience and add layers of new knowledge to become a sought-after expert in your field. Some of the key areas you'll study include:

  • Auditing
  • Financial accounting
  • Management accounting
  • Accounting systems and analytics
  • Economics
  • Finance
  • Law.

 

Influenced by our advisory board, made up of members of peak professional bodies and active accounting professionals, the course content you’ll study is updated and maintained through extensive industry research, including the research developed by our IPA-Deakin SME research centre, which is dedicated to driving key insights for small-to-medium enterprises.

Learn from academics who leverage their specific expertise and up-to-date research to embed progressive learning throughout your course journey, giving you the ability to work on contemporary case studies with a real-world application.

As a graduate, you'll have the option to complement your primary studies in professional accounting with a specialisation in a wide range of business-related fields. Designed to meet industry demand for skilled professionals with a breadth of transferrable skills, a specialisation can help deepen your knowledge in a particular business field and benefit your future career.

Modern-day employers are seeking professionals with not only strong theoretical knowledge and expertise, but also a breadth of transferrable skills. So, whether you're wanting to build your finance skills or focus on IT, real estate or the arts, we offer the right specialisation to broaden your skill set. Some of your options include:

  • Artificial Intelligence for Business
  • Arts and Cultural Industries
  • Cyberlaw
  • Finance
  • Financial Planning
  • Human Resource Management
  • International Trade and Business
  • Management Consulting
  • Marketing
  • Project Management
  • Property and Real Estate
  • Supply Chain Management.

Not sure which specialisation to pursue? You won't have to decide until you've commenced the course, giving you the chance to explore the many options that may benefit your future career.

Read More

Course information

Award granted
Master of Professional Accounting
Year

2023 course information

Deakin code
M742
CRICOS code?
102876K Burwood (Melbourne)
Level
Higher Degree Coursework (Masters and Doctorates)
Approval status

This course is approved by the University under the Higher Education Standards Framework.

Australian Qualifications Framework (AQF) recognition

The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 9.

Course structure

The Master of Professional Accounting is typically 8, 12 or 16 credit points. The exact number of credit points you study depends on how much credit you receive as recognition of prior learning (RPL) –your professional experience and previous qualifications –which can save you time and money.

To complete the Master of Professional Accounting, students must attain a total of 16 credit points, consisting of 11 credit points of core units and 5 credit points of electives, plus completion of the compulsory 0-credit point module, MAI010 Academic Integrity Module. Most units (think of units as 'subjects') are equal to 1 credit point.

11

Core units

5

Elective units

16

Total units

Core units

  • Accounting 1, 2
  • Principles of Finance 1, 2, 4
  • Economics for Managers 1,2
  • Business Law 1, 2, 4
  • Accounting for Management 1, 2, 4
  • Accounting Systems and Analytics 1,2
  • Principles of Income Tax Law 2,3,4
  • Corporate Auditing 2,3,4
  • Financial Accounting 1, 2
  • Professional Research and Analysis
  • Advanced Accounting Principles and Practice 1, 2
  • 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.

    3For 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 Association of Chartered Certified Accountants (ACCA) program.

    Compulsory 0-credit point module

    To be completed in the first trimester of study:-

  • Academic Integrity Module
  • Elective Units

    The remaining 5 credit points may be selected from:

        • A faculty-wide specialisation (excluding Accounting specialisation)
        • postgraduate units offered by the University (subject to availability)

    Recommended electives:

  • Analytical Methods
  • Consultancy Experience
  • Business for Social Impact
  • Entrepreneurship Experience
  • Internship
  • International Consultancy Experience
  • Specialisations

    Refer to the details of each specialisation for availability.

    Intakes by location

    The availability of a course varies across locations and intakes. This means that a course offered in Trimester 1 may not be offered in the same location for Trimester 2 or 3. Check each intake for up-to-date information on when and where you can commence your studies.

    Trimester 1 - March

    • Start date: March
    • Available at:
      • Burwood (Melbourne)
      • Online

    Trimester 2 - July

    • Start date: July
    • Available at:
      • Burwood (Melbourne)
      • Online

    Trimester 3 - November

    • Start date: November
    • Available at:
      • Burwood (Melbourne)
      • Online

    Students who have commenced before T1 2021 (course M720 Master of Professional Accounting), please refer to the 2020 handbook, or the handbook archives, for the relevant course structure.

    Additional course information


    Course duration - additional information
    Course duration may be affected by delays in completing course requirements, such as accessing or completing work placements.

    Mandatory student checks

    Units which contain work integrated learning, a community placement or interaction with the community may require a police check, working with children check or other check. These requirements will be detailed in unit guides upon enrolment.

    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.

    Participation requirements

    Units in this course may have participation requirements that include compulsory placements, work-based training, community-based learning or collaborative research training arrangements.

    Placement can occur at any time, including during the standard holiday breaks listed here: https://www.deakin.edu.au/courses/key-dates.

    Reasonable adjustments to participation and other course requirements will be made for students with a disability. Click here for more information.

    Work experience

    This course does not require students to complete compulsory work integrated learning units.

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    Entry requirements

    Entry information

    Depending on your previous qualifications and professional experience, your course will be 1, 1.5 or 2 years duration.

    1 year full time (2 years part time) – 8 credit points
    Admission is based on:

    • Bachelor Honours (AQF8) degree in a related discipline*, or
    • Bachelor degree or higher in a related discipline*, plus two years relevant work experience, or
    • Graduate Certificate, graduate diploma or higher in a related discipline*, or
    • Evidence of academic capability judged to be equivalent

    1.5 years full time (3 years part time) – 12 credit points
    Admission is based on:

    • Bachelor degree in a related discipline*, or
    • Bachelor degree in any discipline plus two years relevant work experience, or
    • Evidence of academic capability judged to be equivalent

    2 year full time (4 years part time) – 16 credit points
    Admission is based on:

    • Bachelor degree or other qualification at a higher AQF level in any discipline, or
    • Evidence of academic capability judged to be equivalent

    *A 'related discipline' award for this course is a Bachelor degree in Commerce or Management or Business with a major sequence in Accounting.

    ^Relevant work experience is experience gain in accounting/finance, management and business roles

    Please note: Examples evidence of academic capability: CPA Australia or other professional qualifications gained in accounting/finance, management and business disciplines. All applicants must meet the minimum English Language requirements.

    All applicants must meet the minimum English language requirements.

    Please note that meeting the minimum admission requirements does not guarantee selection, which is based on merit, likelihood of success and availability of places in the course.

    For more information on the Admission Criteria and Selection (Higher Education Courses) Policy visit the Deakin Policy Library.

    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.

    Recognition of prior learning

    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 Recognition of Prior Learning System which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.

    Fees and scholarships

    Fee information

    Estimated tuition fee - full-fee paying place
    $30,600 for 1 yr full-time - Full-fee paying place
    Learn more about fees and your options for paying.

    The available fee places for this course are detailed above. Not all courses at Deakin have Commonwealth supported places available.

    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 Recognition of Prior Learning.

    One year full-time study load is typically represented by eight credit points of study. Each unit you enrol in has a credit point value. The 'Estimated tuition fee' is calculated by adding together eight credit points of a typical combination of units for your course.

    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.

    FEE-HELP calculator

    What is FEE-HELP?

    FEE-HELP loans cover up to 100% of tuition fees for eligible students. By taking out a FEE-HELP loan, the government pays your tuition fees directly to Deakin, and the balance is repaid from your employment income - but only once you're earning over $48,361.

    Please note: fees shown by the calculator are indicative only and based on 2023 rates. Actual fees may vary. We advise confirming fees with Prospective Student Enquiries prior to enrolment.

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    • $* is the estimated full cost for a Master of Professional Accounting (16 credit points), based on the 2023 fees.
    • is the annual FEE-HELP payment, based on your current salary
    • of your current salary be spent on FEE-HELP

    *Disclaimer

    Deakin University (Deakin):

    • gives no warranty and accepts no responsibility for the currency, accuracy or the completeness of the information provided;
    • advises users that no reliance should be placed upon on the information provided, and;
    • instructs users that they should confirm the actual course fee with Prospective Student Enquiries prior to enrolment.

    This tool provides indicative information about the fees that will be payable in respect of courses and subjects offered to prospective students domiciled in Australia during the periods indicated.

    Please note that the fees shown by the calculator are indicative only and actual fees may vary. Users are advised to confirm the actual course fee with Prospective Student Enquiries prior to enrolment.

    The estimated course fee is based on the tuition fee costs applicable to a domestic full time student commencing the course in Trimester 1 and studying full time for the duration of the course but:

    • does not include non-tuition costs that may apply, such as Student Services and Amenities Fees (SSAF);
    • does not take into account any scholarships or bursaries awarded to the student (including the 10% Deakin alumni discount);
    • assumes the maximum number of units that need to be successfully completed actual number completed may be reduced if recognition of prior learning is granted;
    • assumes that no exceptional, or non-typical, circumstances apply to the proposed course of study;
    • assumes that the options that the user selects are appropriate for the course of study that they intend to undertake;
    • where fees are estimated for future years those fee will be subject to annual increases in accordance with increases in the cost of course delivery.

    Scholarship options

    A Deakin scholarship might change your life. If you've got something special to offer Deakin – or you just need the financial help to get you here – we may have a scholarship opportunity for you.

    Search or browse through our scholarships

    Postgraduate bursary

    If you’re a Deakin alumnus commencing a postgraduate award course, you may be eligible to receive a 10% reduction per unit on your enrolment fees.

    Learn more about the 10% Deakin alumni discount

    Apply now

    Apply direct to Deakin

    Applications can be made directly to the University through the Deakin Application Portal. For information on the application process and closing dates, see the how to apply web page. Please note that closing dates may vary for individual courses.

    Need more information on how to apply?

    For more information on the application process and closing dates, see the How to apply webpage. If you're still having problems, please contact us for assistance.

    Contact information

    Our friendly advisers are available to speak to you one-on-one about your study options, support services and how we can help you further your career.

    Call us 1800 693 888 (Mon–Fri, 9am–5pm)
    Live Chat Mon–Thurs, 8am–7pm, Fri 8am–5pm

    Careers

    Career outcomes

    The Master of Professional Accounting is constantly reviewed, and where necessary revised, to ensure it meets the most up-to-date standards and expectations of professional accounting bodies.

    With real-world skills and awareness of current trends, you’ll be ready to hit the ground running in your chosen field.

    As a graduate of this course, you can seek employment in areas of accounting such as:

    • financial accounting
    • auditing
    • taxation
    • management accounting
    • public sector accounting
    • forensic accounting.

    As a qualified accountant, you can choose to work in a range of different settings depending on your skills and preferences, such as:

    • large firms
    • small public practices
    • all levels of government
    • law firms
    • banking and financial services
    • not-for-profit organisations
    • educational organisations
    • self-employment.

    Given the fundamental shift of accountants moving towards wide-ranging advisory roles, career opportunities are also becoming available in other vocations, including roles as:

    • investment advisers
    • market analysts
    • tax consultants
    • advisers in mergers and acquisitions
    • corporate recovery and insolvency
    • treasury banking
    • e-commerce or information technology.

    Professional recognition

    The course team and teaching staff have well-established links with relevant professional bodies both in Australia and overseas. Continuous effort is made to ensure the Master of Professional Accounting curriculum design and delivery keep abreast of industry needs and developments in the profession.

    Deakin Business School is in the top 1% of business schools globally and holds both AACSB and EQUIS accreditations. These prestigious accreditations are awarded to business schools that meet strict standards of quality, academic and professional excellence, and demonstrate a commitment to ongoing improvement and innovation in their courses, ensuring our graduates are employable worldwide.

    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 (CA ANZ)
    • 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. Completion of this qualification will allow you to enter the Certified Management Accountants (CMA) study program.

    Course learning outcomes

    Deakin's graduate learning outcomes describe the knowledge and capabilities graduates can demonstrate at the completion of their course. These outcomes mean that regardless of the Deakin course you undertake, you can rest assured your degree will teach you the skills and professional attributes that employers value. They'll set you up to learn and work effectively in the future.

    Graduate Learning Outcome Course Learning Outcome
    Discipline specific knowledge and capabilities Integrate advanced theoretical and technical knowledge of current and emerging accounting concepts and practices in contemporary business contexts
    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