Accounting Programs Faculty of Business and Economics

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1 Accounting Programs Faculty of Business and Economics

2 About the presenter DR CATRIONA LAVERMICOCCA DEPUTY HEAD OF DEPARTMENT OF ACCOUNTING AND CORPORATE GOVERNANCE Professional background working as a senior manager in the taxation section at EY and obtained qualifications as a Chartered Accountant before completing a Master of Law, specialising in taxation and commercial law. Program Director for undergraduate and postgraduate Accounting programs, responsible for the development and currency of accounting programs at Macquarie. Developed and teaches the capstone unit in the postgraduate accounting program. Completed PhD titled The impact of the identification and management of tax risk on the income tax compliance behaviour of large Australian corporations Areas of expertise include taxation law; tax compliance behaviour; ethics and program development. 2

3 Agenda ACCOUNTING PROGRAMS AT MACQUARIE 1. Overview of campus life and the Faculty of Business and Economics (FBE) 2. Overview of Accounting programs at Macquarie 3. Career prospects 4. Course structure, including entry requirements 5. Reputation of Macquarie s Accounting programs 6. Summary 3

4 Macquarie at a glance 4

5 5

6 Macquarie University Accoun3ng Programs 6

7 Macquarie University Accoun3ng Programs 7

8 Faculty of Business and Economics Macquarie University's largest faculty, with over 15,000 students from over 70 different countries Largest accounting department of any Australian university Faculty Focus: Research, working with industry, professional accreditation, responsive teaching, innovative thinking Highly regarded provider of accounting programs Programs designed to meet employer demand Recognition of prior studies reduce the length of programs (RPL) Programs focus on critical thinking and communication skills 8

9 Rankings Among the top 10 universities in Australia (ARWU, 2014) Among the top 40 universities in Asia-Pacific (ARWU, 2014) Among the top 100 universities worldwide in Accounting & Finance (QS, 2015) 5 QS stars in teaching, employability, research, internationalisation, facilities, innovation, access and specialist subjects (QS, 2014) > 50% of our subjects are ranked in the top 100 worldwide, with Earth and marine sciences, linguistics and psychology in the top 50 (QS World University Rankings by Subject) 9 th most international university in the world (Times Higher Education, 2014) MGSM MBA ranked #49 in the world and #1 in NSW, #3 in Australia and #5 in the Asia-Pacific (The Economist Which MBA?, 2014) 9

10 Global focus to help develop links with international business 10

11 Why study with Macquarie? We give students the skills employers value Students study applied course work Our courses are industry accredited Global network of Alumni contacts: network, job prospects 11

12 Student Support Mentoring programs PAL Peer Assisted Learning 12

13 Accredited Accounting Programs OVERVIEW Bachelor of Commerce Professional Accounting Master of Accounting (Professional) Master of Accounting (CPA Extension) Master of International Accounting NEW in

14 Career prospects BUILD A LONG TERM FOUNDATION FOR A CAREER IN BUSINESS Accounting skills support all kinds of careers, including: Chief Executive Officer Chief Financial Officer Entrepreneur Forensic Accountant Investment Analyst Strategic Advisor Strategic Change Manager International accounting specialist Accounting risk analyst Counter-terrorism financial investigator Environmental accountant Associate at a major accounting firm Strategic procurement manager 14

15 Bachelor of Commerce Professional Accounting 3 years IELTS of 6.5 overall with minimum 6.0 in each band, or equivalent Estimated annual fee AUD $33,390 p.a. Required to complete subjects that cover: o auditing and assurance o business and corporate law o economic policies and regulations o Finance o financial reporting o information systems o international accounting o management and control o professional issues o statistical analysis o sustainability issues o taxation Satisfies tertiary educational requirements for entry into CPA Australia s CPA program, the CAANZ S CA program, the ACCA S professional program and the IPA S PNA program 15

16 Master of Accounting PROFESSIONAL 2 years (Possible reduction after RPL) IELTS of 6.5 overall with minimum 6.0 in each band, or equivalent Australian level 7 bachelor's qualification or recognised equivalent GPA of 2.70 (out of 4.00) Estimated annual fee AUD $24,720 p.a. 13 compulsory subjects including subjects that cover: o Accounting systems and processes o Audit o Financial accounting o Management accounting o Taxation o o o o Contemporary Accounting Practice Law Finance Economics In addition students complete 3 elective units Pathway for university graduates in any discipline to acquire qualifications that are fully recognised as satisfying the tertiary educational requirements for entry into the CPA Australia s CPA program, the CAANZ S CA program, the ACCA S professional program and the IPA S PNA program 16

17 Master of Accounting CPA EXTENSION 2.5 years (Possible reduction after RPL) IELTS of 6.5 overall with minimum 6.0 in each band, or equivalent Australian level 7 bachelor's qualification or recognised equivalent GPA of 2.70 (out of 4.00) Estimated annual fee AUD $30,740 p.a. After completing the 13 compulsory subjects students complete 6 CPA Australia segments in conjunction with the Macquarie University CPA support subjects and 1 postgraduate elective unit. Students enrol in Macquarie University subjects as well as the corresponding CPA segments Assessment in the Macquarie University CPA support subjects is: o 70% determined by student s performance in the university assessment tasks and o 30% by the CPA Australia examination result Students are prepared for the CPA qualification and perform excellently 17

18 Master of International Accounting FACILITATES THE ACCA PROFESSIONAL QUALIFICATION 2.5 years (Possible reduction after RPL) IELTS of 6.5 overall with minimum 6.0 in each band, or equivalent Australian level 7 bachelor's qualification or recognised equivalent GPA of 2.70 (out of 4.00) Estimated annual fee AUD $30,740 p.a. After completing the 13 compulsory subjects students complete 6 Macquarie University ACCA support subjects and one postgraduate elective unit. Students enrol in Macquarie University subjects and can choose to enrol in the corresponding ACCA segment simultaneously or at a later date Assessment in the Macquarie University ACCA support subjects is determined entirely by student s performance in the university assessment tasks and Students are well prepared for the ACCA exams and expected to perform excellently 18

19 Excellent Performance of Macquarie Students in the CPA Program Macquarie Master of Accounting students achieve excellent results in the CPA program with many students in the top 10% Australia wide Macquarie Master of Accounting students have been awarded the CPA Australia High Achievers Award and CPA Excellence Awards 19

20 Summary WHY STUDENTS SHOULD STUDY ACCOUNTING AT MACQUARIE Macquarie University is among top 2 per cent of best universities in the world Highly regarded provider of accounting programs in Australia High industry demand and salaries for accounting professionals Specialised program designed to meet employer demands Build industry contacts through internships and business engagement With the right background students can fast track the postgraduate accounting programs with credit for studies at undergraduate level Competitive tuition fee 20

21 Thank you! YOUR QUESTIONS ARE WELCOME

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