Courses & Units

Master of Professional Accounting C7B



This course provides training in accounting for those who do not have an accounting background. Successful completion of this course means that you will be eligible for professional accounting body membership.  All units are subject to formal assessment including the completion of continuous assessment such as assignments, and a final examination.  The course is full fee-paying, which means that you will be charged at the full fee-paying rate listed for each unit.

This is an 18 month (12 unit) full-time or 3 year part-time course of study offered by the Tasmanian School of Business and Economics.


Course Name Master of Professional Accounting
Course Abbreviation MPA
Course Duration 1.5 Years
Maximum time to complete (Part-time) 4 Years
CRICOS code 048893F
Responsible Faculty Tasmanian School of Business & Economics (TSBE)



Location Study periods
Hobart Semester 1, Semester 2, Spring school

Career Outcomes

This course offers participants from different academic and experiential backgrounds the opportunity to specialise in accounting for professional recognition purposes. Accounting is often cited as the language of business. People with accounting skills are in high demand in the business and corporate world embracing areas such as finance, marketing, entrepreneurship, banking and information systems, and such skills are increasingly important to groups performing an overview function such as directors.

Professional Recognition

Students with a recognised undergraduate or masters degree or approved graduate certificate who complete this course are eligible for membership of CPA Australia, the Institute of Chartered Accountants in Australia (ICAA) and the Institute of Public Accountants (IPA). This course is accredited with the professional accounting bodies in Australia.


For admission to this degree, you need to have

  1. The equivalent of an undergraduate or masters degree in a non-accounting degree (international applications are subject to assessment for equivalency), OR
  2. In very specific circumstances, and as approved by the Dean, or delegated authority, a 4-unit graduate certificate which does not include units equivalent to those listed in the Schedule, or an equivalent qualification from an approved tertiary institution.

For entry into all postgraduate courses, international students must also provide an IELTS test score of at least Band 6 with a minimum of 6.0 on all bands or a TOEFL score of 575 with a Test of Written English score of no less than 4.5. This test must not be more than 24 months old.

If you've previously undertaken study overseas, please review our list of equivalent qualifications.

Please note: international students should refer to the General Admission Requirements page for information regarding entry requirements.

Credit Transfer and Articulation

Graduate Certificate in Professional Accounting (only for students who hold an undergraduate or masters degree)

Graduate Diploma in Professional Accounting (only for students who hold an undergraduate or masters degree)

Master of Professional Accounting Specialisation

The Master of Professional Accounting consists of 12 core units, as outlined in Schedule A.

These course rules and specifications apply to students who commenced the course in the current year. For students who commenced prior to this year, the applicable course rules are those from the year of commencement: i.e. students who commenced in 2014 should refer to the 2014 Handbook.

Course Structure

Schedule A

  • BFA503Introduction to Financial ManagementDetails

    This unit introduces students to the major concepts and analytical tools used in the theory and practice of financial management within an Australian context. It is designed to provide you with with an understanding of:- the scope and nature of…

    Credit Points: 12.5


    View all details for BFA503 Introduction to Financial Management

  • BFA506Business LawDetails

    Provides an introduction to the Australian legal system, sources of law such as Parliament and the courts, the Federal system, the legislative process, precedent, alternative dispute resolution, the law of torts, the law of contract, consumer protection law, consumer law,…

    Credit Points: 12.5


    View all details for BFA506 Business Law

  • BFA507The Accounting FrameworkDetails

    Provides a foundation for students intending to study units towards the Masters of Professional Accounting. The institutional framework and the fundamental principles underpinning accrual accounting and financial reporting are examined. The elements of the accounting cycle, and techniques of measurement,…

    Credit Points: 12.5


    View all details for BFA507 The Accounting Framework

  • BFA605Financial and Corporate AccountingDetails

    This unit has been planned and guided by ideas about what a future accountant or manager would need to know in order to perform effectively in the workplace. The understanding that you gained while studying BFA507 The Accounting Framework will…

    Credit Points: 12.5


    View all details for BFA605 Financial and Corporate Accounting

  • BFA612Management and Cost AccountingDetails

    In this unit we explore the key functions fulfilled by managerial and cost accounting. The primary purpose of managerial and cost accounting is to provide relevant information to managers within an organisation. Managerial accounting can be thought of as the…

    Credit Points: 12.5


    View all details for BFA612 Management and Cost Accounting

  • BFA636Organisational Risk, Technology and AISDetails

    This graduate unit provides students with an appreciation of the purpose, nature and operation of the accounting information system. The focus of the unit is on technology and the information system, and the implications of both for accountants and organisations.…

    Credit Points: 12.5


    View all details for BFA636 Organisational Risk, Technology and AIS

  • BEA674Data and Business Decision MakingDetails

    This unit introduces students to statistical methods which are useful in the decision making process. It seeks to provide basic statistical knowledge for analysing data, and aims to develop skills in using appropriate statistical methods to make and carry out…

    Credit Points: 12.5


    View all details for BEA674 Data and Business Decision Making

  • BEA683Economics for ManagersDetails

    The unit aims to develop a general overview and understanding of economics. It does this by identifying significant economic issues and problems facing Australia and an investigation of possible courses of action for businesses and other organisations. It examines the…

    Credit Points: 12.5


    View all details for BEA683 Economics for Managers

  • BFA713Audit and AssuranceDetails

    This unit examines the role of auditing, focusing particularly on the role of the external auditor in the assessment of the validity and reliability of financial information of publicly listed companies. It highlights the audit function and the important role…

    Credit Points: 12.5


    View all details for BFA713 Audit and Assurance

  • BFA714Australian Tax LawDetails

    This unit introduces students to the core concepts in Australian taxation and identifies the framework (both legal and administrative) behind such concepts. The knowledge gained through this exploration enables the application of the framework to current issues faced by individuals…

    Credit Points: 12.5


    View all details for BFA714 Australian Tax Law

  • BFA715Accounting TheoryDetails

    Accounting Theory is an advanced unit that seeks to provide students with an understanding of historical and contemporary issues that have influenced and continue to influence the development of accounting thought and underlie practice that has developed. Accounting theory has…

    Credit Points: 12.5


    View all details for BFA715 Accounting Theory

  • BFA726Corporate Law and RegulationDetails

    The focus of this unit is the Corporations Act 2001, how it regulates the business activities of corporations and the role and powers of bodies such as the Australian Securities and Investments Commission. Topics covered in the unit include: the…

    Credit Points: 12.5


    View all details for BFA726 Corporate Law and Regulation

Annual Course Cost

Fees for domestic students are based on individual unit selections. Please refer to the fees section of each unit description to work out an indicative annual cost.

International students should refer to the International Students course fees page to get an indicative course cost.


For information on general scholarships available at the University of Tasmania, please visit the scholarships website.

Course Rules


1Candidates for the Master of Professional Accounting shall be qualified for entry if they have:
 -- The equivalent of an Undergraduate Degree or a Masters Degree1 in a non-accounting discipline;
 -- A 4 unit Graduate Certificate2 or equivalent from a recognised tertiary institution
 -- Approved relevant work experience or other special circumstances as approved by the Dean or delegated authority.
 For entry into all courses, international students must provide:
 -- Evidence of proficiency in the English language. An overall band score of 6+ in the IELTS test or a TOEFL score of 550 or more with a written English score of 5+ is the normal method of demonstrating English language proficiency.
 At the discretion of the Faculty, admission may also include an interview with the applicant.
2Candidates for the MPA shall complete the requirements, as hereinafter prescribed, in not less than three semesters of equivalent full time study and not more than six semesters of equivalent full time study from the time of first enrolment.

Course structure

3To qualify for the MPA the candidate shall pass the 12 units contained in Schedule A.
4The units that may be included in a course for the MPA shall, unless otherwise approved by the Dean, be in accordance with Schedule A.
5Units may be counted towards the MPA only if they have been taken in accordance with prerequisites determined by the Faculty of Commerce and as summarised in Schedule A.
6A candidate normally may not enrol in any year in units totalling more than 100% weighting or if the candidate is in full-time employment during any given Semester, more than 50% weighting.
7Where two or more units of the same name or content are offered within the University, only one may be counted towards the MPA.
8In every case the candidate's choice of units and the order in which they are taken shall be subject to approval by the Dean in accordance with the requirements of paragraph 3.

Credit for previous studies

9Passes in completed subjects or units in other courses in this University or another approved tertiary institution (or other approved professional examining body) may be credited towards the degree, provided that the Faculty may specify what more a candidate so credited shall be required to do to qualify for the MPA.


10The Faculty may from time to time make amendments to the Schedules to these specifications.
11These specifications shall take effect on 1 January 2004 and shall apply to all candidates for the MPA, including those enrolling for the first time in that year and those enrolled subsequently.
12The approved abbreviation for the award of Master of Professional Accounting shall be MPA.