Courses & Units

Master of Professional Accounting (Specialisation) C7D

Hobart

Introduction

The Master of Professional Accounting (Specialisation) provides specialised training in accounting and completion of this course will provide you with eligibility 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.

This is an 2 year full-time or 4 year part-time course of study offered by the Tasmanian School of Business and Economics.  It has 16 units of study: 12 core units and 4 units which make up a specialisation.

The course is full fee-paying, which means that you will be charged at the full fee-paying rate listed for each unit.

Summary

Course Name Master of Professional Accounting (Specialisation)
Course Abbreviation MPAS
Course Duration 2 Years
Maximum time to complete (Part-time) 5 Years
CRICOS code 048894E
Responsible Faculty Tasmanian School of Business & Economics (TSBE)

Intake

Locations

Location Semesters
Hobart Semester 1, Semester 2, Summer school, Winter school (early), 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

To become members of CPA Australia, the Institute of Chartered Accountants in Australia (ICAA) and the Institute of Public Accountants (IPA), students without an undergraduate or masters degree must complete a professionally accredited 16 unit masters level course. This course is accredited with the professional accounting bodies in Australia. Graduates of the MPAS will satisfy the educational requirements for associate membership of CPA Australia, the entry requirements at the ICAA and membership of the IPA.

Prerequisites

For admission to this course 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. a four unit Graduate Certificate in Accounting, or equivalent, from an approved tertiary institution, OR,
  3. approved relevant work experience or other special circumstances (e.g. post secondary qualifications) as approved by the Dean or delegated authority.

For entry into all postgraduate courses, international students must 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. Further information can be found under international admissions http://www.international.utas.edu.au/static/admissionRequirements.php

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

Graduate Diploma in Professional Accounting

Master in Professional Accounting (only for students with an undergraduate or Masters degree)

To qualify for the MPAS, the candidate must complete 16 units, including the 12 units taken from the existing Master of Professional Accounting as listed in the schedule, plus a 4 unit specialisation from the specialisation list, or, by approval, from other faculties to be chosen by the student in consultation with the course coordinator. The specialisations are as follows:

Business Fundamentals

Information Systems

Corporate Governance (these units are all offered by distance mode)

Marketing

Human Resource Management

International Business

These course rules and specifications apply to students who commenced the course in 2014. For students who commenced prior to 2014 the applicable course rules are those from the year of commencement: i.e. students who commenced in 2009 should refer to the 2009 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

    Availability

    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

    Availability

    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

    Availability

    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 gained in your previous core accounting unit will be extended…

    Credit Points: 12.5

    Availability

    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

    Availability

    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 the accountant and…

    Credit Points: 12.5

    Availability

    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

    Availability

    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

    Availability

    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

    Availability

    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

    Availability

    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

    Availability

    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

    Availability

    View all details for BFA726 Corporate Law and Regulation

Schedule B

Students may select one discipline specialisation comprising the units listed below:

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.

Scholarships

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

Course Rules


The term specialisation will be replaced on the testamur with the appropriate discipline specialisation and the abbreviation will be dependent on the specialisation chosen (see point 12 for further explanation)

Entry

1 Candidates for the Master of Professional Accounting (Specialisation) shall be qualified for entry if they have:
  - The equivalent of an undergraduate degree or a Masters degree in a non-accounting discipline (international applications are subject to assessment for equivalency);
  Or
  -- A 4 unit Graduate Certificate in Professional Accounting from the University of Tasmania or equivalent from a recognised tertiary institution.
  For entry into all 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.
2 Candidates for the MPAS shall complete the requirements, as hereinafter prescribed, in not less than four semesters of equivalent full time study and not more than eight semesters of equivalent full time study from the time of first enrolment.

Course structure

3 To qualify for the MPAS the candidate shall pass the 12 units contained in Schedule A
  plus
 

Four units from a selected area of specialisation, as outlined in Schedule B. 

4 The units that may be included in a course for the MPAS shall, unless otherwise approved by the Dean, be in accordance with Schedule A.
5 Units may be counted towards the MPAS only if they have been taken in accordance with prerequisites determined by the Faculty of Business and as summarised in Schedule A.
6 A candidate normally may not enrol in any semester in in units totalling more than 50% (four 12.5% units) weighting.  This applies to all candidates including those in full-time employment during any given year.
7 Where two or more units of the same name or content are offered within the University, only one may be counted towards the degree.
8 In 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

9 Passes 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 MPAS.

Miscellaneous

10 The Faculty may from time to time make amendments to the Schedules to these specifications.
11 These specifications shall take effect on 1 July 2014 and shall apply to all candidates for the degree, including those enrolling for the first time in that year and those enrolled subsequently and to any candidates who, having commenced their studies for the Master of Professional Accounting (Specialisation) prior to that date, have not passed in any units towards these degrees by that date.
12 Candidates who have passed in appropriate units towards the Master of Professional Accounting (Specialisation) under the specifications in force prior to 1 July 2014 will be entitled to transfer to the Master of Professional Accounting (Specialisation) with full equivalent credit, or to graduate in accordance with those degree specifications operating at the time of their admission to candidature.
13 Should any difficulty arise for a candidate previously enrolled because of any difference between course requirements (such as required majors) and units offered under these specifications and those previously in force, the Faculty shall ensure that the candidate is not materially disadvantaged by these specifications.
14 The approved abbreviation for the degree of Master of Professional Accounting (Specialisation) shall be MPAS.