Master of Professional Accounting and Finance

Postgraduate coursework

Extend your qualification through postgraduate study and apply for a Master of Professional Accounting and Finance at Deakin.

Key facts

English language requirements

IELTS overall score of 6.5 (with no band score less than 6) or equivalent

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.

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

    Entry requirements

    Entry information

    Deakin University offers admission to postgraduate courses through a number of Admission categories. To be eligible for admission to this program, applicants must meet the course 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

    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, or
    • Successful completion of Master Qualifying Program (MQP) (with a minimum overall average of 60 in the discipline units)

    IELTS / English language requirements

    Please note that English language requirements exist for entry to this course and you will be required to meet the English language level requirement that is applicable in the year of your commencement of studies.

    It is the students’ responsibility to ensure that she/he has the required IELTS score to register with any external accredited courses. (more details)

    Recognition of prior learning

    If you have completed previous studies which you believe may reduce the number of units you have to complete at Deakin, indicate in the appropriate section on your application that you wish to be considered for Recognition of Prior Learning. You will need to provide a certified copy of your previous course details so your credit can be determined. If you are eligible, your offer letter will then contain information about your Recognition of Prior Learning.
    Your Recognition of Prior Learning is formally approved prior to your enrolment at Deakin during the Enrolment and Orientation Program. You must bring original documents relating to your previous study so that this approval can occur.

    You can also refer to the Recognition of Prior Learning System which outlines the credit that may be granted towards a Deakin University degree.

    Fees and scholarships

    Fee information

    Estimated tuition fee - full-fee paying place

    The tuition fees you pay are calculated depending on the course you choose.

    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 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.

    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 through Deakin

    Applications can be made directly to the University through StudyLink Connect - Deakin University's International Student Application Service. 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.


    Deakin International office or Deakin representative

    Fill out the application form and submit to a Deakin International office or take your application form to a Deakin representative for assistance


    Need more information on how to apply?

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


    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

    Frequently asked questions

    What are the key study start dates?

    Browse all start and finish dates for Deakin’s main study periods. You’ll also find dates relating to applications and prospective student events, plus a list of all public holidays and study breaks.

    How much does it cost to study at Deakin?

    Your tuition fees will depend on the type of student you are, the course you study and the year you start. Fees are based on an annual amount; they don't cover the entire duration of the course.

    Use our fee estimator to gauge what your fees could be per year.

    Can I speak to someone in person about my study options?

    Yes! We regularly host a range of events including 1:1 consultations and information sessions, to assist you with your study options and career planning. Check out our upcoming events or contact our Prospective Student Enquiry Centre on 1800 693 888 for more information.

    Am I eligible for a scholarship with this course?

    Scholarships are available for domestic and international students at all study levels. Find a scholarship that works for you.

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

    In some courses, you can reduce your overall study time and tuition cost by getting your work and previous study experience recognised as recognition of prior learning (RPL).

    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.

     

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