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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 :
- Demonstrate a broad, critical and practical understanding of contemporary issues and practices in business.
- 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.
- 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.
- Critically apply theoretical and technical accounting knowledge and skills to solve routine and complex accounting problems in a number of diverse contexts.
- Justify and communicate accounting advice and ideas in a number of diverse collaborative contexts involving both accountants and non-accountants.
- Seek constructive feedback and reflect on performance to identify and action learning opportunities and self-improvements and initiate this process for others.
- Apply and integrate professional theory with practice in authentic Work Integrated Learning (WIL) contexts, professional contexts and industry settings.
- Apply research principles and methods to design innovative options and solutions for, and make reasoned judgements about, problems and issues in contemporary business practice.
This program is accredited by the professional bodies listed in the table below. Specified credit/exemptions towards professional qualifications offered as part of the accreditation is subject to the applicant meeting set criteria defined by each professional body. Any application for credit/exemption should be made directly to the professional body and is the graduate's responsibility.
The information below lists the professional bodies who may offer membership to students and/or graduates as a career enabler which could include opportunities for networking and access to discipline specific resources. Application for membership is the student/graduate's responsibility.
Program satisfies the academic requirements for direct entry into the CPA Australia program.
- Students and graduates eligible to join CPA Australia Network
- Graduates eligible to enrol in CPA Australia program
- Graduates eligible for membership category: Associate
Chartered Accountants Australia and New Zealand [CAANZ]
Program satisfies the academic requirements for entry into the CA program.
- Graduates eligible to enrol in CA program
- Graduates eligible for membership category: Student Affiliate
Association of Chartered Certified Accountants [ACCA]
Program satisfies the academic requirements for entry into the ACCA Qualification program.
- Graduates eligible for specified credit in the ACCA Qualification program of up to 9 papers
Chartered Institute of Management Accountants [CIMA]
Program satisfies the academic requirements to be streamed into the Advance Route 2 pathway for the CIMA qualification.
- Students can enrol in the CIMA program with specified credit for all papers except the Management Case Study Exam (MCSE) which can be taken in the last semester of the Master's program. The CIMA qualification will be awarded on confirmation of the awarding of the degree.
- Graduates can enrol in the CIMA program and are eligible for specified credit for all papers except for the MCSE
The Association of International Accountants [AIA]
Program satisfies the academic requirements for entry into the AIA professional qualification programs.
- Graduates eligible for specified credit of up to 12 papers
Institute of Public Accountants [IPA]
- Graduates eligible to apply for IPA program
- Graduates eligible for membership category: Associate or Graduate Associate
Business practitioners, lecturers from industry, guest speakers and industry-relevant projects underpin the work integrated learning components of this program. An industry advisory board ensures current standards and practice are reflected in this program.
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.
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 via RMIT Connect
RMIT_Credit_RPL_Application_Form.pdf (661 KB)
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
- Permanent humanitarian visa holders who will be resident in Australia for the duration of their unit
- Permanent visa holders who are undertaking bridging study for overseas-trained professionals, and will be resident in Australia for the duration of their study
- Credit card (Visa and MasterCard)
- Money order
You should make cheques and money orders payable to 'Open Universities Australia' and send them to:
Open Universities Australia
GPO Box 5387
Please Note: The following transition arrangements only apply to students in the Master of Professional Accounting and does not affect students in the Graduate Certificate.
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.
Transition rules for students who commenced prior to 2016:
A student who has still to complete both, MPAC60 - Economic Analysis for Business and MPAC80 - Quantitative Methods for Accounting must enrol in ECON1315 - Quantitative Methods for Economic Analysis.
A student who has completed one of, MPAC60 - Economic Analysis for Business and MPAC80 - Quantitative Methods for Accounting cannot enrol in ECON1315 - Quantitative Methods for Economic Analysis.
A student who has completed both, MPAC60 - Economic Analysis for Business and MPAC80 - Quantitative Methods for Accounting must enrol in an elective.
A student who has not completed MPAC40 - Strategic Information Systems and Accounting must enrol in BUSM4449 - Business Research Design.
2016 Replacement Units:
MPAC100 - Strategic Accounting for Management & MPAC40 - Strategic Information Systems and Accounting have both been replaced by ACCT2280 - Strategic Management Control Systems.
MPAC60 Economic Analysis for Business has been replaced by ECON1315 Quantitative Methods for Economic Analysis
MPAC80 Quantitative Methods for Accounting has been replaced by ECON1315 Quantitative Methods for Economic Analysis
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