Master of Professional Accounting
CRICOS Course Code: 057028F (VIC), 072673G (NSW)
About the course
Accounting is an international profession practised in all national settings across the globe. It is the language of business, and involves reporting financial information about the organisation to both internal management for operational decision making and resource management, and, external groups for various purposes including, evaluating the company’s performance, profitability and sustainability, decisions about the allocation of capital resources, and, for legal, taxation and statutory requirements. The importance of accounting is growing in the competitive global economy as companies deal with international accounting standards and global competition which requires maintaining cost control and increasing profit.
The MIT Master of Professional Accounting (MPA) provides international career portability based on the rigour of the course, up-to-date knowledge and skills which are valued across the globe. This is particularly true now as international accounting standards are being adopted internationally. The rigour of the MPA course is the determinant of its value and international portability not the country from which it is obtained. Graduates are able to add value in the complex global environment. This degree is accredited by CPA Australia, ICAA and IPA providing an internationally recognised qualification for graduates.
Accounting is practised in a variety of national and international settings and this course provides depth in the accounting discipline covering theoretical and technical knowledge including management accounting, external reporting, international accounting standards, auditing, taxation, corporate regulation and law, auditing and compliance. In addition the course includes study in the disciplines of Ethics, Economics, Business Computing, Law, Management, Marketing and Communication are included. MPA graduates well rounded professionals who meet the entry requirements of professional accounting organizations in Australia, who possess professional skills and ethical awareness with a professional accounting credential valued globally.
Aim and Objectives
The Master of Professional Accounting aims to provide graduates who will:
- Possess a body of knowledge in accounting that demonstrates a thorough understanding of the discipline and its application
- Possess the technical knowledge, competency and skills required to become members of the relevant professional bodies
- Be capable of independent and life-long learning
- Exercise critical thinking and problem solving skills
- 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
- Demonstrate initiative and professional responsibility
Small classes provide an interactive learning climate where students are able to interact with Lecturers in lectures, seminars, workshops and tutorials. Further, graduates will demonstrate superior business communication skills by completion of a unit in professional Communication in Trimester 1 followed by a further Unit in Professional Communication in Trimester 3. The full-time student workload per unit is 12 hours made up of both teacher-directed learning in lectures, tutorials, workshops or laboratory sessions, and, student-directed learning of private study and assignment work.
Applicants must have successfully completed the equivalent of a 3 year Australian Bachelor degree and have a demonstrated language competence with an IELTS of 6.5 overall with no individual band below 6.0
Mature age applicants can be considered for admission on a case-by-case basis having regard to prior study, employment and professional experience.
Graduates of the Graduate Diploma of Accounting can be admitted into second year of the program with 120 Credit Points.
In order to graduate from the Master of Professional Accounting students must complete 16 units (240 credit points). Each unit is worth 15 credit points and full-time students undertake 4 units per semester.
Graduates of the Graduate Diploma of Accounting can be admitted into the second year of the program with 120 Credit Points.
MPA students are required to complete the following study program.
Graduates will be able to be employed in the following fields of professional accounting:
Auditing, internal and exteranl
Professional Accreditation and Memberships
Upon completion of the Master of Professional Accounting, graduates are eligible for membership of: CPA Australia (CPA), the Institute of Chartered Accountants in Australia (ICAA), and the Institute of Public Accountants (IPA). Each of the above professional accounting bodies is a member of IFAC, the international professional accounting organization.