Melbourne Institute Of Technology

About the course

The Graduate Diploma of Accounting presents selected elements of the Master of Professional Accounting program including specialized accounting units together with studies in related business disciplines. The course provides foundation studies in accounting together with elective studies chosen from related business disciplines. In addition to the body of theory and technical knowledge, the course emphasises development of the MIT Graduate Attributes including critical employability skills in communication and analysis, cultural awareness and a commitment to ethical standards in the global context, which contribute to “well-rounded” graduates who are work ready and able to immediately add value to employers in any location world-wide.

Accounting is practised in a wide variety of business, cultural and national settings. The growth in international business and organisations which traverse national borders has been accompanied by the development of new business activities, new technologies, international outsourcing, trade agreements and the imposition of international standards. Business professionals must have knowledge and competency in a specialist field to be effective both locally and in the global context where individuals are located.

Aim and Objectives

The Graduate Diploma of Accounting aims to provide graduates who will:

• Demonstrate coherent knowledge of the accounting discipline
• Possess an up-to-date body of specialist knowledge in their specialisation of Accounting
• Possess the technical knowledge, competency and skills required to continue studies and become members of the relevant professional body
• Exhibit the MIT Graduate Attributes
• Be capable of independent learning
• Exercise critical thinking and problem solving
• Be able to analyse and adapt knowledge to different contexts
• be ethically aware and possess appropriate professional skills
• Be culturally aware and able to adapt to diverse environments: organisational, national, global and cultural
• Be able to communicate accounting and other financial information orally and in writing to a variety of information recipients.

Key features

Upon completion students can be admitted into the degree, Master of Professional Accounting OR gain employment in accounting and accounting related fields. Small classes provide an interactive learning environment where students are able to interact with Lecturers in lectures, seminars, workshops, tutorials and laboratories.

On completion of this course students can be admitted to the degree, Master of Professional Accounting with advanced standing of 120 Points.

Conditions of entry

Applicants must have successfully completed the equivalent of a 3 year Australian bachelor degree and have demonstrated language competence with an IELTS of 6.5 overall with no individual band below 6.0

Course structure

The Graduate Diploma of Accounting comprises 8 Units as following:

1. Core Units
MIT565702 Foundations of Accounting
MIT565707 IT and Accounting Systems
MIT634602 Communication
MIT665707 Financial Accounting and Reporting
MIT665702 Management Accounting

2. Electives
MIT565814 Marketing and Management
MIT551904 Quantitative Methods
MIT534604 Business and Company Law
MIT533804 Economics

Workload

The Graduate Diploma of Accounting full-time student work load is 4 units (60 credit points) per academic trimester (60 credit points). The student workload per unit is 10 hours consisting of both teacher-directed learning in lectures, tutorials, workshops or laboratory sessions, and, student-directed learning as private study, reading and assignment work.

Career opportunities

Graduates will be able to be employed in the following fields:

• Public accounting
• Auditing
• Management accounting
• Payroll/Accounts Payable/Accounts Receivable
• Business administration