Degree structure

Degree details

Higher Education

  • Australian Bachelor degree or equivalent in Business (or a related discipline); or
  • Australian Bachelor degree or equivalent in any discipline; 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).

Work and Life

Required: Minimum 3 years Full Time Equivalent (FTE) management experience. Applicants will be required to submit a CV

English Proficiency Requirements

All non-Australian residents and overseas full-fee paying students are required to satisfy RMIT English language requirements. For more information on these requirements and acceptable English Language tests please see:

www.rmit.edu.au/international/english-equivalent

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 degree 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 subjects ACCT2280 Strategic Management Control Systems and MPAC50 Accounting Thought and Ethics will give you the opportunity to critically reflect on this degree’s curriculum. These subjects will promote the integration and synthesis of a range of knowledge and skills gained in the degree 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.

Upon successful completion of this degree 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 comprised of 16 subjects, however, students who have been admitted into the Master of Professional Accounting will be exempted from the four (4) Business Enabling subjects and will be required to complete twelve (12) subjects in order to qualify for the degree.

Students who successfully complete the RMIT Graduate Certificate in Professional Accounting will be exempted from completing the four (4) Business Enabling degrees and the four (4) discipline degrees completed in the Graduate Certificate in Professional Accounting, and will be required to complete the eight (8) degrees (96 credit points) in order to qualify for the degree.

Credit will be assessed consistently with the RMIT University credit policy and procedures.

If you have already submitted your degree application, please send your RPL/Credit application directly to RMIT via RMIT Connect

RMIT_Credit_RPL_Application_Form.pdf (661 KB)

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

Recommended Study Pattern

The Master of Professional Accounting is comprised of sixteen subjects, however, students who have been admitted into the Master of Professional Accounting will be exempted from the four (4) Business Enabling subjects and should therefore follow the recommended  structure below:

Stage A:

  1. MPAC10 Accounting, Accountability and Society
  2. MPAC20 Business and Corporations Law
  3. MPAC70 Financial Decision Making
  4. MPAC30 Contemporary Financial and Integrated Reporting

Stage B:

  1. ACCT2280 Strategic Management Control Systems
  2. ECON1315 Quantitative Methods for Economic Analysis
  3. ACCT2270 CPA Ethics and Governance
  4. MPAC110 Assurance and Forensic Accounting

Stage C:

  1. MPAC50 Accounting Thought and Ethics
  2. BUSM4449 Business Research Design
  3. ACCT2230 Accounting for Sustainable Management  
  4. MPAC120 Forensic Accounting   

Award Requirements

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

Successfully complete 10 core discipline subjects and 2 postgraduate elective subjects for a total of 12 subjects.

Exit Points

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) discipline subjects in the degree:

  1. MPAC10 Accounting, Accountability and Society
  2. MPAC20 Business and Corporations Law
  3. MPAC30 Contemporary Financial and Integrated Reporting
  4. MPAC70 Financial Decision Making

Students may exit with a Graduate Diploma in Professional Accounting after the successful completion of the following eight (8) discipline subjects:

  1. MPAC10 Accounting, Accountability and Society
  2. MPAC20 Business and Corporations Law
  3. MPAC30 Contemporary Financial and Integrated Reporting
  4. MPAC70 Financial Decision Making
  5. ACCT2280 Strategic Management Control Systems
  6. ECON1315 Quantitative Methods for Economic Analysis
  7. MPAC90 Taxation Law & Practice
  8. MPAC110 Assurance and Forensic Accounting

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