Master of Professional Accounting and Finance

Postgraduate coursework

If your passion lies with financial studies, extend your qualification by applying to study a Master of Professional Accounting and Finance. Learn more.

Key facts

Duration

Depending on your professional experience and previous qualifications, the Master Professional Accounting and Finance is typically 1, 1.5 or 2 years duration.

  • 1 year full time (2 years part time) – 8 credit points
  • 1.5 years full time (3 years part time) – 12 credit points
  • 2 years full time (4 years part time) – 16 credit points

Deakin courses can also be studied part time over a longer period.

Key dates

Direct applications to Deakin for Trimester 3 2019 close 3 November 2019
Direct applications to Deakin for Trimester 1 2020 close 23 February 2020

Current Deakin Students

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

Course information

This Masters program is a combined course which allows you to exit with the accounting units necessary to take the next step in relation to the professional accounting bodies and to have a strong knowledge in finance. Specialising in Accounting and Finance, this course meets the needs of employers and professional bodies operating in these discipline areas.

You cover a range of relevant areas including portfolio management and international finance, financial and management accounting, ,income tax law, auditing, fraud and governance and more.

Studying appropriate units within this course will also help make you eligible for entry as an associate member of CPA Australia among other professional recognition.

Read More

Course structure

The Master of Professional Accounting and Finance 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.

For students undertaking 16 credit points, you study 15 credit points of core units and a 1 credit point elective unit, plus completion of MAI010 Academic Integrity (0 -credit point compulsory unit). Most units (think of units as ‘subjects’) are equal to 1 credit point.

Students are introduced to research tools and techniques in core units of the course where they learn analytic skills and the practical application of those skills in professional contexts. They must also complete advanced level units and a capstone unit that require them to integrate the skills learnt over their course of study and produce applied pieces of research with reference to prevailing literature.

15

Core units

1

Elective units

16

Total units

Core units

  • Academic Integrity MAI010 (0 credit points)
  • Accounting MPA701 1, 2
  • Accounting for Management MAA703 1, 2, 4
  • Corporate Auditing MAA705 2,3,4
  • Financial Accounting MAA716 1, 2
  • Advanced Accounting Principles and Practice MAA725 1, 2, 4
  • Governance and Fraud MAA763
  • Financial Markets MAF702
  • Applied Corporate Finance MAF703
  • Investments and Portfolio Management MAF707
  • Analytical Methods MAF759
  • Principles of Income Tax Law MLC703 1,2,3,4
  • Business Law MLC707 1, 2, 4
  • Finance MPF753 1, 2, 4
  • MPT781/MPE781Economics for Managers 1, 2,
  • Accounting Systems and Analytics MAA789
  • 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 Candidates have the option of either completing MAA705 and/or MLC703 in the CPA Program. All other core curriculum areas must be completed for admission as an Associate member of CPA Australia.

    4 For candidates who would like to obtain exemptions to the Association of Chartered Certified Accountants (ACCA) foundation level 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 or CPA programs or apply for 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 the accrediting body is subject to meeting the requirements of that body. Deakin makes no representations that individuals will meet those requirements.

    Students should consult with a course adviser to identify any additional requirements for membership for each professional body, and also consult with the professional body.

    Elective units

    Restricted elective (one of):

  • Professional Research and Analysis MAA753
  • Modelling Techniques for Finance MAF711
  • International Finance MAF760
  • International Banking and Finance MPE707
  • Consultancy Experience MWL716
  • Cultural Experience MWL705
  • Entrepreneurship Experience MWL717
  • Internship MWL718
  • Key information

    Award granted
    Master of Professional Accounting and Finance
    Year

    2020 course information

    Deakin code
    M794
    CRICOS code?
    096841J
    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.

    Campuses by intake

    Campus availability varies per trimester. This means that a course offered in Trimester 1 may not be offered in the same location for Trimester 2 or 3. Read more to learn where this course will be offered throughout the year.

    Trimester 1 - March

    • Start date: March
    • Available at:
      • Burwood (Melbourne)
      • Cloud Campus

    Trimester 2 - July

    • Start date: July
    • Available at:
      • Burwood (Melbourne)
      • Cloud Campus

    Trimester 3 - November

    • Start date: November
    • Available at:
      • Burwood (Melbourne)
      • Cloud Campus

    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 provides students the opportunity to complete one or more elective work integrated learning units.

    More information: WIL Programs

    Need help?

    Ask a question about studying a at Deakin

    Entry requirements

    Entry information

    Deakin University offers admission to postgraduate courses through a number of Admission categories.

    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

    Admission to study postgraduate coursework at Deakin is based on recognition of your professional experience and previous qualifications. 

    Minimum admission criteria:

    1 year full time (2 years part time) – 8 credit points

    Admission is based on:

    • Bachelor honours (AQF8) degree in a related discipline, with a minimum WAM of 60, or 
    • Bachelor degree in a related discipline, with a minimum WAM of 60, plus two years relevant work experience, or
    • Graduate certificate or graduate diploma in a related discipline, with a minimum WAM of 60, and two years relevant work experience

    1.5 years full time (3 years part time) – 12 credit points

    Admission is based on:

    • Bachelor degree in a related discipline, with a minimum WAM of 60, or
    •  Bachelor degree in any discipline, with a minimum WAM of 60, plus two years relevant work experience

    2 years 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, with a minimum WAM of 60
     

    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
    $28,600 for 1 yr full-time* - Full-fee paying place
    Learn more about fees and your options for paying.
    Estimated tuition fee - (CSP)?
    Not applicable

    The available fee places for this course are detailed above.

    Tuition fees are determined by your enrolment:

    • If you are offered a full fee paying place, your tuition fees are calculated based on your course.
    • If you are offered a Commonwealth supported place, your tuition fees are calculated depending on the units you choose. 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 8 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 $45,881.

    Please note: fees shown by the calculator are indicative only and based on 2020 rates. Actual fees may vary. We advise confirming fees with Prospective Student Enquiries prior to enrolment.

    Estimate your FEE-HELP repayments

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    Your estimated FEE-HELP repayments

    • $* is the 2020 estimated tuition fee for a Master of Professional Accounting and Finance (16 credit points) at Deakin
    • 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 15% Deakin Alumni Postgraduate Course Fee Bursary);
    • 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 15% reduction per unit on your enrolment fees. Your Immediate Family Members may also be eligible to apply for this bursary.

    Learn more about Deakin’s 15% postgraduate bursary

    Apply now

    How to apply

    Apply direct to Deakin

    Applications can be made directly to the University through the Course and Scholarship Applicant 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.


    Register your interest to study at Deakin

    Please complete the Register your interest form to receive further information about our direct application opportunities.


    Entry pathways

    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.

    If you have a Bachelor degree in the same discipline*, you may be eligible for credit for 4 credit points (units) which means you need to complete 1.5 years full-time, or part-time equivalent (12 credit points). If you have a Bachelor degree in any discipline AND 5 years of relevant work experience^, you may be eligible for 4 credit points (units) which means you need to complete 1.5 years full-time or part-time equivalent (12 credit points). *A shorter course duration is available to students entering from a same discipline background.  A same discipline award for this course is a Bachelor degree in Finance, or a Bachelor degree in Commerce or Management or Business with a major sequence in Finance. ^ Relevant work experience is business experience either in a finance role or in a managerial position with business oversight responsibilities in a finance related field, such as financial consulting, financial analysis, treasury management, corporate finance, fund management and banking.

    Tap image to expand

    *A shorter course duration is available to students entering from a same discipline background. A same discipline award for this course is a Bachelor degree in Finance, or a Bachelor degree in Commerce or Management or Business with a major sequence in Finance.
    ^ Relevant work experience is business experience either in a finance role or in a managerial position with business oversight responsibilities in a finance related field, such as financial consulting, financial analysis, treasury management, corporate finance, fund management and banking.

    Alternative exits

    Contact information

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

    Frequently asked questions

    Deakin runs on trimesters, what dates do they each start?

    Find out more about our key dates

    Am I eligible for a scholarship with this course?

    Find our more about scholarships at Deakin

    Can I claim recognition of prior learning (RPL) for this course?

    Find out more about RPL

    Where can I study with Deakin?

    Find out more about campus locations

    Professional recognition

    Completion of the appropriate selection of units within the Master of Professional Accounting and Finance can:

    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 Demonstrate an advanced and integrated understanding of current and emerging accounting and finance concepts and practices in contemporary business.
    Communication Use advanced communication skills to justify and communicate complex accounting and finance  concepts and ideas to accountants,  finance professionals and other business related occupations
    Digital literacy Be able to apply appropriate digital technologies to find, use, manage and disseminate complex financial and accounting data, information and ideas.
    Critical thinking Use a specialised set of high order cognitive and critical analysis skills expected of accounting and finance 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 and finance professionals in business.
    Self-management Use acquired skills to undertake own work and learning and conduct independent research.
    Teamwork Develop teamwork skills and facilitate a positive team environment by working with and learning from others on accounting and international finance issues.
    Global citizenship Engage ethically, professionally and productively in a professional accounting, international finance and business context in light of changing global perspectives.

     


    *Mid-year intake is not available for all courses and some courses have limited places, apply early to avoid missing out.

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