Master of Professional Accounting - 2016

Please note: This course has recently undergone a major change. Please refer to Transition Arrangements for more information.

The 2017 course information for this course is now available. View 2017 course details.

Course summary

Course summary - 2016

Level: Postgraduate
Qualification: Masters Degree
Number of units: 12 units to complete
Provider:

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Restrictions apply. See Eligibility.

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Operating Hours

Standard hours

Mon - Fri: 8am - late

Sat & Sun: 9am - 5pm

All times in Australian Eastern
Standard Time (AEST) or Australian Eastern Daylight Time (AEDT)

The Master of Professional Accounting provides you with practical and theoretical knowledge, skills and expertise to become a literate and analytical practitioner in accounting. This course is designed for graduates of non-accounting disciplines who wish to broaden their career prospects.  The Master of Professional Accounting aims to develop essential knowledge and skills in core areas of accounting and business with an appreciation of the social, environmental, cultural and ethical issues impacting on contemporary business environments.

You will experience a variety of learning experiences which may include: lectures and tutorials, assignments, presentations and collaborative projects.  Assessment includes formal examinations, written assignments, both on an individual, and group basis, in-class tests evaluations of case studies and completion of projects.

The capstone units ACCT2280 Strategic Management Control Systems and MPAC50 Accounting Thought and Ethics will give you the opportunity to critically reflect on this course’s curriculum. These units will promote the integration and synthesis of a range of knowledge and skills gained in the course and the application of these in discipline related real-world scenarios leading to work readiness or entry to graduate studies.

Graduates may gain employment in various sectors including public accounting practice, commercial and government organisations and in a wide range of roles.

On completion of this course you will have developed the capabilities to work as an accountant is a range of diverse organisations. You will further develop the skills and knowledge from your undergraduate studies throughout this course.

Your knowledge and skills to apply technical accounting and theories to accounting problems and make logical judgements will be developed through the study of a broad range of business disciplines and a specialised accounting major. You will develop your knowledge, application, judgment and communication in the accounting discipline within a broad business context.

Upon successful completion of this course you will be able to :

  1. Demonstrate a broad, critical and practical understanding of contemporary issues and practices in business.
  2. Integrate theoretical and technical accounting knowledge which includes a selection of auditing and assurance, finance, economics, quantitative methods, information systems, commercial law, corporation law and taxation law.
  3. Exercise judgement under supervision to solve routine and complex accounting problems in a number of diverse contexts using social, ethical, economic, regulatory and global perspectives.
  4. Critically apply theoretical and technical accounting knowledge and skills to solve routine and complex accounting problems in a number of diverse contexts.
  5. Justify and communicate accounting advice and ideas in a number of diverse collaborative contexts involving both accountants and non-accountants.
  6. Seek constructive feedback and reflect on performance to identify and action learning opportunities and self-improvements and initiate this process for others.
  7. Apply and integrate professional theory with practice in authentic Work Integrated Learning (WIL) contexts, professional contexts and industry settings.
  8. Apply research principles and methods to design innovative options and solutions for, and make reasoned judgements about, problems and issues in contemporary business practice.

The Master of Professional Accounting is accredited by CPA Australia and Chartered Accountants Australia and New Zealand, and recognised by the Institute of Public Accountants (IPA).

Students and graduates are eligible to apply for membership of CPA Australia, Chartered Accountants and the IPA. The CPA and Chartered Accountants require graduates to complete professional qualification programs to gain full membership.

Graduates are also eligible to apply for entry and receive exemptions into the Association of Chartered Certified Accountants (ACCA) qualification program.

http://www.cpaaustralia.com.au
http://www.charteredaccountants.com.au

http://www.publicaccountants.org.au

http://www.accaglobal.com

Academic Entrance requirements

Australian Bachelor degree or equivalent in Business (or a related discipline) except Accounting; or

Successful completion of the RMIT Graduate Certificate in Professional Accounting; or

Australian Graduate Certificate, Graduate Diploma or Masters degree or equivalent in Business (or a related discipline) except Accounting.


Entrance requirements for international onshore applicants
All non-Australian residents and overseas full-fee paying students are required to meet RMIT English language requirements. For more information on these requirements and acceptable English Language tests please see www.rmit.edu.au/international/english-equivalent

To qualify for the RMIT Master of Professional Accounting students must:

Successfully complete 10 compulsory units and 2 postgraduate elective units for a total of 12 units.

The Master of Professional Accounting has two early exit points.

Students may exit with a Graduate Certificate in Professional Accounting after the successful completion of the first four (4) units in the course.
 
Students may exit with a Graduate Diploma in Professional Accounting after the successful completion of eight (8) units. 
Total number of units to complete: 10 units Required Elective Optional
Unit name Code Provider Availability
Accounting, Accountability and Society
MPAC10 RMIT Sess 1 Sess 2 Sess 3
Business & Corporations Law
MPAC20 RMIT Sess 1 - -
Contemporary Financial and Integrated Reporting
MPAC30 RMIT - Sess 2 -
Accounting Thought and Ethics
MPAC50 RMIT - - Sess 3
Financial Decision Making
MPAC70 RMIT Sess 1 - -
Taxation Law and Practice
MPAC90 RMIT - Sess 2 Sess 3
Assurance and Forensic Accounting
MPAC110 RMIT - Sess 2 -
Strategic Management Control Systems
ACCT2280 RMIT - Sess 2 -
Business Research Design
BUSM4449 RMIT Sess 1 Sess 2 -
Quantitative Methods for Economic Analysis
ECON1315 RMIT Coming in 2017
  Required Elective Optional
Unit name Code Provider Availability
Strategic Information Systems & Accounting
MPAC40 RMIT Sess 1 - -
Economic Analysis for Business
MPAC60 RMIT - Sess 2 -
Quantitative Methods for Accounting
MPAC80 RMIT - Sess 2 -

These 3 units were core units in the Master of Professional Accounting prior to 2016. These units are still available for students who are completing the Pre2016 course. Please refer to the Transition Arrangements.

  Required Elective Optional
Unit name Code Provider Availability
Forensic Accounting
MPAC120 RMIT Coming in 2018
Accounting for Sustainable Management
ACCT2230 RMIT - Sess 2 -

Only students who commenced the Master of Professional Accounting prior to 2015 will be required to complete one elective. Students can select one of the units above as their elective choice or any RMIT Postgraduate unit.

The Master of Professional Accounting is comprised of 16 units, however, students who have been admitted into the Master of Professional Accounting will receive advanced standing from the following units:

  • Management 1 - Managing People
  • Business and Government in the Global Context
  • Global Business and Social Technology: A Case Study Approach
  • Accounting for Management Decisions
Students who successfully complete the Graduate Certificate in Professional Accounting will articulate to the Master of Professional Accounting with advanced standing, and will be required to complete eight (8) units in order to qualify for the degree.


Credits will be assessed consistent with the principles of the RMIT University's Credit Policy.

If you wish to apply for RPL or Credit, please complete the below PDF form and attach it to your course application.

If you have already submitted your course application, please send your RPL/Credit application directly to RMIT at business-student@rmit.edu.au

RMIT_Credit_RPL_Application_Form.pdf (661 KB)

You can pay fees in one of two main ways:

Eligible OUA students can access the government loan scheme known as FEE-HELP. You pay back the loan through your taxes once your income reaches a minimum threshold.

Who can access it?

  • Australian citizens who will undertake, in Australia, at least one unit of study contributing to their course
    OR
  • Permanent humanitarian visa holders who will be resident in Australia for the duration of their unit
    OR
  • Permanent visa holders who are undertaking bridging study for overseas-trained professionals, and will be resident in Australia for the duration of their study

Find out more about FEE-HELP

You can pay your fees upfront - in full at the beginning of a unit - using:
  • Credit card (Visa and MasterCard)
  • Cheque
  • Money order

You should make cheques and money orders payable to 'Open Universities Australia' and send them to:
Open Universities Australia
GPO Box 5387
Melbourne 3001
Australia

The Master of Professional Accounting has undergone a major change. All students beginning their studies from 2016 will need to study the new course structure.

Students who commenced the MPA course prior to 2016 must follow the basic transition rules below:

1. A student who has still to complete both, Economic Analysis for Business and Quantitative Methods for Accounting must enrol in Quantitative Methods for Economic Analysis.

2. A student who has completed one of, Economic Analysis for Business and Quantitative Methods for Accounting cannot enrol in Quantitative Methods for Economic Analysis.

3. A student who has completed both, Economic Analysis for Business and Quantitative Methods for Accounting must enrol in an elective.

4. A student who has not completed Strategic Information Systems and Accounting must enrol in Business Research Design.

EQUIVALENT UNITS:

Prior to 2016

Replacement Unit from Session 1, 2016

MPAC100 Strategic Accounting for Management

ACCT2280 Strategic Management Control Systems

MPAC40 Strategic Information Systems and Accounting

ACCT2280 Strategic Management Control Systems

MPAC60 Economic Analysis for Business

ECON1315 Quantitative Methods for Economic Analysis

MPAC80 Quantitative Methods for Accounting

ECON1315 Quantitative Methods for Economic Analysis

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