CourseMaster's Degree (Coursework)MProfAcc

B6011 Master of Professional Accounting

Faculty of Business and Economics

Master of Professional Accounting (B6011) is a 2 years full-time, 96-credit-point, master's degree (coursework) course from the Faculty of Business and Economics, taught at Caulfield. Map your units semester by semester with the MonMap planner.

Credit points
96
Duration
2 years full time
4 years part time
Campus
Caulfield
On campus

This is the 2024 handbook entry. See the 2027 entry.

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Requisite map

Overview

If you want to meet the academic requirements for admission as an associate member of both CPA Australia and the Institute of Public Accountants in Australia, or entry into the Chartered Accountants' Program of The Institute of Chartered Accountants Australia this is the course for you. This course will provide you with the opportunity to develop your practical and theoretical knowledge and skills in accounting and related business areas to a master's level.

Course structure

Part A. Mastery knowledge72 credit points
Part B. Electives24 credit points
You must complete 24 credit points from one of the following specialisations or from across the four specialisations, or 24 credit points at Level 5 from the Faculty of Business and Economics, which could include study tours, consulting projects or industry placements.

In addition, units may be selected from across the University as long as you have met the prerequisites and there are no restrictions on enrolling in the units.

You are recommended to complete four units from one of the following themes below (24 credit points).
The handbook's description of this structure

The course is structured in two parts: Part A. Mastery knowledge and Part B. Electives

Part A. Mastery knowledge

These units will equip you with business foundation skills and knowledge, examining accounting, law, economics and statistics and will develop your capacity as a critical accounting professional. You will be able to apply your knowledge of a specialist study to provide discipline-based solutions to professional accounting environments.

Part B. Electives

The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development and give you the skills to practice effectively as an accountant.

Master's entry points

Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:

  • If you are admitted at entry level 1 you complete 96 credit points, comprising Part A and Part B.
  • If you are admitted at entry level 2 you complete 72 credit points, comprising Part A.

Note: Students eligible for credit for prior studies may elect not to receive the credit and complete the higher point option.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

The course comprises 96 credit points structured into two parts: Part A. Mastery knowledge (72 credit points) and Part B. Electives (24 credit points).

Part A. Mastery knowledge (72 credit points)

a. You must complete the following eleven units (66 credit points)

  • ACF5950 Introduction to financial accounting
  • ECX5953 Economics
  • ETX5900 Business statistics
  • ACF5904 Accounting information systems
  • ACF5953 Financial accounting
  • ACF5955 Management accounting
  • ACF5956 Advanced financial accounting
  • ACF5957 Auditing and assurance
  • BFF5954 Business finance
  • BTF5955 Business and company law
  • BTF5965 Taxation law

b. You must complete the following capstone unit (6 credit points)

  • ACF5510 Integrated accounting

Part B. Electives (24 credit points)

You must complete four units (24 credit points) at level 5 from the Faculty of Business and Economics, which could include study tours, consulting projects or industry placements. In addition, units may be selected from across the University as long as you have met the prerequisites and there are no restrictions on enrolling in the units. 

You are recommended to complete four units from one of the following themes below:

Data Analytics

ETC5512 Wild-caught data
ETC5513 Collaborative & Reproducible Practices
ETC5242 Statistical thinking
ETC5550 Applied forecasting

Sustainability

ACX5800 Accounting for climate change
ACX5900 Accounting for sustainability
BEX5200 Climate change & carbon management strategies
BTF5910 Corporate sustainability regulation

Governance and Risk Management

BTF5111 Technology risk and regulations in the digital era
MGF5020 Business ethics in a global environment
BTF5000 Corporate governance, risk and social responsibility
BTX5914 Scandal: Risk, Ethics and the Law

Forensic Accounting

ACF5120 Forensic Accounting and Fraud Examination
ACF5080 Management Control Systems
ACF5320 Business Analytics
BTF5000 Corporate governance, risk and social responsibility

Valuation

ACF5130 Financial Statement Analysis and Valuation
BFF5525 Quantitative and data analysis in Python 
BFF5580 Mergers and Acquisitions
BFF5520 Financial theory

Learning outcomes

These course outcomes are aligned with the Australian Qualifications Framework and Monash Graduate Attributes.

Upon successful completion of this course it is expected that you will be able to:

  1. 1

    be critical and creative scholars who:

    • produce innovative solutions to problems
    • apply research skills to business challenges
    • communicate effectively and perceptively
  2. 2

    be responsible and effective global citizens who:

    • engage in an internationalised world
    • exhibit cross-cultural competence
    • demonstrate ethical values
  3. 3

    have a comprehensive understanding of their discipline and be able to provide discipline-based solutions relevant to the business, professional and public policy communities we serve

  4. 4

    demonstrate a mastery of professional accounting and be able to apply both theoretical and practical knowledge and skills in applied accounting situations.

Entry requirements

English language

Monash Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test

More information

Professional accreditation

This degree is accredited by relevant Australian professional bodies. Refer to the professional recogition webpage.

Other information

If you want to meet the academic requirements for admission as an associate member of both CPA Australia and the Institute of Public Accountants in Australia, or entry into the Chartered Accountants' Program of The Institute of Chartered Accountants Australia this is the course for you. This course will provide you with the opportunity to develop your practical and theoretical knowledge and skills in accounting and related business areas to a master's level.

Common questions

How long is Master of Professional Accounting?

2 years full time, 96 credit points. At 24 credit points a semester, that is 4 semesters of full-time study.

Where can I study Master of Professional Accounting?

At Caulfield.

How do I plan my Master of Professional Accounting units?

Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.

Course details

Qualification
Master's Degree (Coursework)
AQF level
Level 9
Credit points
96
Full time
2 Years
Part time
4 Years
Maximum time
6 years
Faculty
Faculty of Business and Economics
CRICOS code
082336G
Abbreviation
MProfAcc
Award title
Master of Professional Accounting