Master of Professional Accounting

Postgraduate coursework

Work towards opening new doors in your career by expanding your skills and knowledge in business and finance with a Master of Professional Accounting. New structure for 2021, available online.

Key facts

English language requirements

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

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.

Current Deakin Students

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

Course information

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 complete the necessary studies to become associate members of CPA Australia, to enter the Chartered Accountants Australia and New Zealand to undertake the CA program or to enter the IPA professional program.

The accounting profession has recently seen a trend of shifting roles from predominantly providing financial information towards wide-ranging advisory services. Graduating with a Master of Professional Accounting from Deakin opens the door to a huge variety of business careers. Today’s accountants are regarded as providers of business management information – a role perfectly suited to graduates of this professional accounting course.

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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, plus 5 credit points of electives. In addition, complete 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
  • Finance 1, 2, 4
  • Economics for Managers 1,2
  • Business Law 1, 2, 4
  • Accounting for Management 1, 2, 4
  • Accounting Systems and Analytics
  • 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

    Plus five credit point of elective choices which may include:

    • A faculty-wide specialisations (excluding Accounting specialisation)
    • Postgraduate units offered by the University (subject to availability)
    • Postgraduate Work Integrated Learning units:
  • Consultancy Experience
  • Cultural Experience
  • Entrepreneurship Experience
  • Industry Based Learning
  • Internship

  • Specialisations

    Faculty-wide specialisations (details also found here.)

    Refer to the details of each specialisation for availability.

     

     

    Key information

    Award granted
    Master of Professional Accounting
    Year

    2021 course information

    Deakin code
    M742
    CRICOS code?
    102876K
    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:
      • Melbourne (Burwood)
      • Cloud Campus

    Trimester 2 - July

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

    Trimester 3 - November

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

    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

    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.

    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.

    Depending on your previous qualifications 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, with a minimum weighted average mark of 60, or
    • Bachelor degree or higher in a related discipline, with a minimum weighted average mark of 60, 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, with a minimum weighted average mark of 60, or
    • Bachelor degree in any discipline, with a minimum weighted average mark of 60, 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, with a minimum weighted average mark of 60, or
    • Successful completion of a masters qualifying program (MQP)with a minimum overall average of 60 in the discipline units
    • Evidence of academic capability judged to be equivalent

    *A 'related discpline' 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.

    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 '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 tuition fees.

    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.

    Why choose Deakin

    Career outcomes

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

    Professional recognition

    Deakin Business School is in the top 1% of business schools globally by holding 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), 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. Completion of this qualification will allow students to enter the Certified Management Accountants (CMA) study 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. 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.

    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 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.