Master of Professional Accounting
About the course
Propel your career towards becoming a professional accountant with the MIT Master of Professional Accounting (MPA). This course is designed to produce accountants who are work ready and able to add value in the complex global business environment. Learn how to apply accounting theory to real-world cases.
Explore the profession’s latest thinking, techniques and practices. This course also develops the “soft skills” employers are looking for, such as great communication, decision making, collaboration, problem solving, self-direction and leadership.
Change your world and transform the industry Capstone Project
As part of Master of Professional Accounting degree, you will have access to MIT's industry based Capstone Project:
MIT’s School of Business have designed this unit to provide you with 'Work-Ready' skills through 150 hours of project work. You will be working with Industry client and solving the real-world challenges faced by clients in the Accounting field. You will research, develop, test and present your solution in an industry accepted format through the use of Project Management tools.
Our past students have worked on capstone project such as:
- Rental Industry - Development of forecasting budget plan to track PnL for a real-estate agency
- HR management - Development of financial modelling and Excel Spreadsheet mitigation and migration to Xero for an Member management Event Web Portal
- Online Marketplace - Development of Three-way forecast with competitor analysis for an Online Marketplace Application
- Farming - Development of Sustainability analysis with financial forecast for Farming Machinery Maintenance Industry
- Health Services - Audit of Income sources and strategy development for revenue autonomy for a Health and Safety App
As an MIT student, you will have access to the state-of-the-art labs and facilities. All MIT’s labs are equipped with the latest software to hone your skill. You will also get access to MIT’s Library of the latest books/ eBooks and hundreds of online Academic publications that will keep you knowledgeable of the latest and greatest. With 24 hour digital access, you are never too far away from the latest news and journals in the academic/research space.
Learn from experts
Our school attracts some of the best minds in the accounting field, like Auditing (Production and Performance) and Public Sector Accountability expert Associate Professor Michael De Martinis, and Financial Reporting / Corporate Governace expert Dr. Jayasinghe Hewa Dulige (PhD).
| Level | Higher Degree Course (Masters) |
| Approval Status | This course is approved by TEQSA under the Higher Education Standards Framework. |
| Australian Quality Framework (AQF) recognition | The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 9 |
Overview
| CRICOS Course Code | 057028F (VIC) 072673G (NSW) |
| Duration | 2 Years (4 Trimesters) Full-Time or Equivalent Part-Time (Domestic Students only) |
| Intake | March, July, November |
| Campus | Melbourne (City) Sydney (City) |
| Study mode | On Campus |
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
Teaching Methodology
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.
Course Structure
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.
Year 1
Semester 1
AIM100 Academic Integrity Module
MA501 Foundations of Accounting *
MA503 Economics
MA508 Business Statistics
MA509 Accounting Information Systems *
Semester 2
MA506 Business & Company Law
MA511 Financial Accounting & Reporting (pre-requisite MA501)
MA514 Business Finance (pre-requisiteMA508)
MA515 Managerial Accounting (pre-requisite MA501)
Year 2
Semester 3
MA601 Theory & Current Issues in Accounting (pre-requisite MA511)
MA611 Auditing (pre-requisite MA506 & MA511)
MA613 Taxation Law (pre-requisite MA506)
MA609 Business Analytics and Data Intelligence (pre-requisite MA508)
Semester 4
MA618 Industry Based Capstone Project* (pre-requisite: Must have successfully completed a minimum of 10 units.)
MA619 Accounting Research (pre-requisite MA601 & MA515)
Elective 1
Elective 2
Program structures and units are subject to change through the process of regular course revision. There is no guarantee that every unit will be offered in any particular trimester.
*Additional Fees
MA501 Foundations of Accounting and MA509 Accounting Information Systems utilise cloud-based accounting software. When studying these units, the student will incur a fee per unit (currently $33) for access to the cloud-based accounting software. The student is responsible for payment of the fee.
*Industry Experience
It is mandatory for awarding of the Master of Professional Accounting degree that the student undertake the final trimester MA618 Industry Based Capstone Project unit. If a third party is required to find a project for the student, the student will incur a fee (currently $330). The industry based project is designed to provide students with real world experience, working for an industry client on a project focussed within their discipline of study.
Career Opportunities
Graduates will be able to be employed in the following fields of professional accounting:
- Public accounting
- Auditing, internal and external
- Management Consulting
- Taxation
- Teaching
- Business Administration
- Management Accounting
- Financial Accounting
- Forensic Accounting
Accreditation and Recognition
The Master of Professional Accounting is accredited by the Tertiary Education Quality and Standards Agency (TEQSA) - www.teqsa.gov.au.
Professional accreditation and memberships
The Master of Professional Accounting course is accredited by CPA Australia (CPAA) (see www.cpacareers.com.au), Chartered Accountants Australia and New Zealand (CA ANZ)(see www.charteredaccountants.com.au), and IPA - Institute of Public Accountants (see www.publicaccountants.org.au). Upon successful completion of the course graduates will be eligible to apply for associate membership of both CPAA and IPA; and entry to both the CPA Program of CPAA and the CA Program of CA ANZ.
Entry Requirement
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.
International Students - English Language Requirement
| English language Proficiency tests | Results Required |
|---|---|
| IELTS (Academic) | Overall score 6.5 (no band less than 6.0) or equivalent |
For further information, see the links below:
Industry Experience
It is mandatory for awarding of the Master of Professional Accounting degree that the student undertake the final trimester MA618 Industry Based Capstone Project unit. If a third party is required to find a project for the student, the student will incur a fee (currently $330). The industry based project is designed to provide students with real world experience, working for an industry client on a project focussed within their discipline of study.
How to Apply?
Learn more about whole of institution set here.
Current Year 12 Students
If you are a current year 12 student, you must apply through VTAC.
Apply Through VTACNon-current Year 12 Students
If you are a non-current year 12 student, you may apply directly to MIT.
Apply Direct Now
Student Stories
Abhishek Negi
Master of Professional Accounting
Despite not being from an accounting background, I’ve managed to excel in my course due to the support I’ve received from my professors...
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Disclaimer
Even though MIT endeavours to provide correct information, this information may change throughout the year. You are strongly advised to verify the accuracy of this information with the relevant schools before making a decision.