Accounting. Faculty of Business and Economics. Postgraduate Courses in Accounting 2014

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1 Faculty of Business and Economics Postgraduate Courses in Accounting 2014 Accounting Graduate Diploma in Accounting Master of Professional Accounting Master of Professional Accounting (Advanced) Master of Business (Accounting) AUSTRALIA CHINA INDIA ITALY MALAYSIA SOUTH AFRICA

2 Monash is ranked in the top 1% of world universities*, and is ranked 18th in the world for Accounting and Finance.** * The Times Higher Education, World University Rankings, ** QS World University Rankings by Subject, 2013

3 Faculty of Business and Economics > Accounting 03 A world-class reputation Monash University has an enviable reputation for teaching and research excellence across business disciplines. This reputation is built on our innovative and progressive approach to course delivery, and the strong links we have forged with commerce and industry both in Australia and overseas making Monash degrees truly international. Monash creates leaders who adapt and thrive in a rapidly changing business world. We are consistently ranked among the leading universities in the world, and our degrees are globally recognised, giving our graduates an extra edge to help them succeed in the international job market. A degree that will take you places The Faculty of Business and Economics offers an extensive choice of graduate business programs for students of varying backgrounds and aspirations. Whether you want to get ahead in your career, develop your expertise, or move into research and gain a PhD, Monash s business programs can give you a distinct advantage. What s more, the range of full-time and part-time options means that it s easy to structure your study around your lifestyle. An internationally-recognised business education The Faculty of Business and Economics has been awarded international business school accreditation by the Association to Advance Collegiate Schools of Business (AACSB), the Brussels based European Quality Improvement System (EQUIS), and the Association of MBAs. Monash University is the first Group of Eight university to have achieved the esteemed triple crown business school accreditations by AACSB, EQUIS and AMBA. These globally-recognised accreditations place the university in the elite ranks of less than one per cent of business schools worldwide with triple crown accreditation. These accreditations establish the faculty as one of the world s leading higher education institutions in business education. Further details on our accreditations can be found at: The rapid pace of change in today s business environment requires constant professional growth. Our business programs are designed to ensure that you are at the leading edge of your chosen field of endeavour. Professor Colm Kearney Dean, Faculty of Business and Economics The vision of the Faculty of Business and Economics is to be recognised as one of the world s leading academies of scholarship in business, economics, and related disciplines, with the standing of our flagship activities verified by the most esteemed international arbiters of quality.

4 04 The difference between our postgraduate accounting degrees Accounting skills are in great demand across a variety of industries. At Monash, we are committed to ensuring that your postgraduate education in accounting provides not only professional competence, but also a portfolio of intellectual skills and attributes that will enhance your career long after graduation. Our professional accounting degrees are designed to equip students from non-accounting backgrounds with knowledge and skills in accounting and related fields. We offer three postgraduate qualifications for early career professionals looking to gain accounting expertise: the Graduate Diploma in Accounting, the Master of Professional Accounting and the Master of Professional Accounting (Advanced). These courses will equip you with the skills you need to pursue a career in accounting, and give you the qualifications to gain employment in a variety of organisations in public practice, the public sector, and the private sector. The Master of Business (Accounting) is designed specifically for accounting graduates to expand on your existing knowledge and skill set. This course provides you with advanced education in the fields of financial accounting, management accounting, accounting information systems and forensic accounting. The elective units enable you to tailor the course to your needs, with an option of specialising in areas that are of importance to industry.

5 Faculty of Business and Economics > Accounting 05 Graduate Diploma in Accounting The Graduate Diploma in Accounting provides a sound introduction to accounting concepts, including financial accounting, management accounting, economics, auditing, business law and accounting information systems. This course is designed for professionals who have a bachelor s degree in another field of study and are wishing to complement it with a professional accounting qualification. The graduate diploma gives you a strong understanding of basic accounting concepts and may qualify you for associate membership to CPA Australia and the Institute of Public Accountants (IPA). Course code 0748 CRICOS code Duration Units You must undertake eight units to complete the diploma. You can choose these eight units from the following: > Introductory accounting > Financial accounting > Business finance > Management accounting > Advanced financial accounting > Auditing and assurance > Accounting information and systems modelling > Business and corporations law > Taxation law > Economics D > Personal development - critical thinking and communication 1 year full time, 2 years part time Intake Semester 1 and Semester 2 Campus Exit points On campus (Caulfield) Graduate Certificate in Business (24 points) 2014 fee (A$) Domestic: $24,700 International: $34,100 Credit points 48 Number of units Entry requirements 8 units from a prescribed list An Australian bachelor degree or an equivalent qualification in a non-accounting discipline, and achieved a Weighted Average Mark (WAM) of 55% or an equivalent GPA as determined by the Faculty. Applicants will be ranked and selected based on their entire academic record. Course benefits > You will develop a sound understanding of contemporary accounting principles, concepts and procedures, and be eligible to work within the accounting profession. > The graduate diploma provides a pathway for students wishing to apply for admission into the Master of Business (Accounting). > The course is taught by qualified academic staff with high level accounting experience in organisations across Australia and the globe. Qualify for membership to CPA Australia and IPA Designed for students who don t have a background in accounting Pathway to further postgraduate studies in accounting

6 06 Master of Professional Accounting The Master of Professional Accounting delivers a contemporary education in accounting, which focuses on introductory and advanced accounting principles and procedures. The course explores all aspects of financial, business and management accounting, providing you with the practical and relevant skills you need to work within the accounting profession. This course is designed for professionals who have a bachelor degree in another field of study, and are wishing to complement it with a professional accounting qualification. The Master of Professional Accounting may qualify you for associate membership to CPA Australia and the Institute of Public Accountants (IPA), or provide entry to the Chartered Accountants Program of the Institute of Chartered Accountants Australia (ICAA). Qualify for membership to CPA Australia, IPA and ICAA Designed for students who don t have a background in accounting Extend your knowledge and expertise Course code 0790 CRICOS code Duration B 1.5 years full time, 3 years part time Intake Semester 1 and Semester 2 Campus Exit points On campus (Caulfield) Graduate Certificate in Business (24 points) Graduate Diploma in Accounting (48 points) 2014 fee (A$) Domestic: $24,700 International: $35,200 Credit points 72 Number of units 12 (7 core units, two units from a prescribed list, 3 elective units) Entry requirements Core units > Introductory accounting > Financial accounting > Business finance > Management accounting > Advanced financial accounting > Business and corporations law > Personal development - critical thinking and communication Plus two units from the following list: > Auditing and assurance > Accounting information and systems modelling > Taxation law > Economics An Australian bachelor degree or an equivalent qualification in a non-accounting discipline, and achieved a Weighted Average Mark (WAM) of 55% or an equivalent GPA as determined by the Faculty. Applicants will be ranked and selected based on their entire academic record. Electives The remaining three elective units can be selected from a broad list of subjects offered by the Faculty of Business and Economics. For more information on electives go to: Course features > This degree offers additional units to the Graduate Diploma of Accounting, giving you extended knowledge of accounting practices and procedures and providing you with a wider skill set. > The course may qualify you for associate membership for CPA Australia and the Institute of Public Accountants, or provide entry to the Chartered Accountants Program of the Institute of Chartered Accountants Australia. > The course is taught by qualified academic staff with high level accounting experience in organisations across Australia and the globe. > This degree can be combined with other master s degrees, enabling you to graduate with two master s degrees. Double degrees available include the Master of Professional Accounting and Master of Business Law as well as the Master of Business and Master of Professional Accounting.

7 Faculty of Business and Economics > Accounting 07 Studying a Master of Professional Accounting has given me a stronger skill set in the field, and promoted my independent thinking and learning capabilities. It allows me to be more workforce ready and gives me confidence in my accountancy skills. The teaching staff were fantastic, supportive and approachable. The mix of classes, including night classes, helped me to find the balance between study and work. Hope Tan Financial Accountant Department of Treasury and Finance Career outcomes The Master of Professional Accounting is designed to equip students from non-accounting backgrounds with solid knowledge and skills in accounting. Our graduates have gone on to pursue careers in public practice, the public sector and the private sector.

8 08 Master of Professional Accounting (Advanced) The Master of Professional Accounting (Advanced) is an expanded degree, offering four additional units to the Master of Professional Accounting. The degree focuses on developing your numerical and analytical skills, by giving you the option to support your studies with subjects in corporate finance, business law, economics, management and leadership. This course is also designed for professionals who have a bachelor s degree in another field of study, and are wishing to complement it with a professional accounting qualification, and may qualify you for associate membership of CPA Australia and the Institute of Public Accountants (IPA), or provide entry to the Chartered Accountants Program of the Institute of Chartered Accountants Australia (ICAA). Qualify for membership to CPA Australia, IPA and ICAA Designed for students who don t have a background in accounting Extend your accounting and management skills Course code 0826 CRICOS code Duration M 2 years full time, 4 years part time Intake Semester 1 and Semester 2 Campus Exit points On campus (Caulfield) Graduate Certificate in Business (24 points) Graduate Diploma in Accounting (48 points) Master of Professional Accounting (72 points) 2014 fee (A$) Domestic: $24,700 International: $35,200 Credit points 96 Number of units 16 (7 core units, 2 units from a prescribed list, 7 elective units) Entry requirements An Australian bachelor degree or an equivalent qualification in a non-accounting discipline, and achieved a Weighted Average Mark (WAM) of 55% or an equivalent GPA as determined by the Faculty. Applicants will be ranked and selected based on their entire academic record. Core units > Introductory accounting > Financial accounting > Business finance > Management accounting > Advanced financial accounting > Business and corporations law > Personal development - critical thinking and communication Plus two units from the following list: > Auditing and assurance > Accounting information and systems modelling > Taxation law > Economics Electives The remaining seven elective units can be selected from a broad list of subjects offered by the Faculty of Business and Economics. For more information on electives go to: Course benefits > The Master of Professional Accounting (Advanced) offers additional units across our accounting subjects, enabling you to acquire a deeper knowledge of accounting practices and systems, and giving you a wider range of skills. > This extended course offering ensures you have a high level of professional competence, as well as developing further intellectual skills and attributes that will enhance your career opportunities. > The course is taught by qualified academic staff with high level accounting experience in organisations across Australia and the globe. > The course may qualify you for associate membership to CPA Australia and the Institute of Public Accountants, or provide entry to the Chartered Accountants Program of the Institute of Chartered Accountants Australia.

9 Faculty of Business and Economics > Accounting 09 In addition to satisfying the accreditation requirements of both CPA Australia and the Institute of Chartered Accountants Australia, the Master of Professional Accounting (Advanced) provides students with the flexibility to specialise in a particular area of interest through the choice of elective units in later semesters, which advance their skills and expertise in their chosen field. Dr Dean Hanlon, Course coordinator Master of Professional Accounting (Advanced) Career outcomes Career opportunities for graduates of the Master of Professional Accounting (Advanced) are extensive. Many of our graduates work in public practise or across the public and private sector in areas including management accounting, business and corporations law, auditing, taxation and finance.

10 10 Master of Business (Accounting) The Master of Business (Accounting) is designed for accountants who want to enhance their knowledge and expertise in the accounting disciplines. This advanced course for accounting graduates who are working, or aspire to work, in public practice, government or private sectors, builds on the knowledge developed in your undergraduate degree. It provides you with highly-developed skills in the areas of financial accounting, management accounting, accounting information systems and forensic accounting. Learn from industry experts Opportunity for specialised elective options Choose a degree that enables you to fast track your professional recognition by CIMA, the Chartered Institute of Management Accountants You may be eligible for up to four units of credit if you are CPA or CA qualified Course code 0503 CRICOS code Duration J 1.5 years full time, 3 years part time Intake Semester 1 and Semester 2 Campus Exit points On-campus (Caulfield), Graduate Certificate in Business (24 points) Graduate Diploma in Business (48 points) 2014 fee (A$) Domestic: $24,700 International: $34,100 Credit points 72 Number of units 12 (5 core units, 1 unit from a prescribed list, 6 elective units) Entry requirements Core units > Advanced strategic management accounting > Financial statement analysis and business valuation > Financial reporting issues > Forensic accounting and fraud examination > Integrated systems for business enterprises Plus one unit from the following list: > Personal development critical thinking and communication > Personal development managing self and relationships An Australian bachelor degree or an equivalent qualification with a major in accounting, and a Weighted Average Mark (WAM) of 60% or an equivalent Grade Point Average (GPA) as determined by the faculty. Applicants will be ranked and selected based on their entire academic record. Electives You must undertake six electives to complete this degree. Two units must be selected from the units offered by the Department of Accounting and Finance. The remaining four units can be selected from those offered by any department or faculty, subject to the approval of the course coordinator. For more information on electives go to: Course benefits > The Master of Business (Accounting) is an industryfocused degree that offers flexible learning options such as day and evening classes, to help you balance work and study commitments. > The course has a flexible structure with specialised elective options so you can construct a program that best suits your career goals. Elective units include areas such as accounting information systems and forensic accounting. > This course provides eligible students with a fast track route to complete the Chartered Institute of Management Accountants professional qualification. > This degree can be combined with other master s degrees, enabling you to graduate with two master s degrees. Double degrees available include the Master of Applied Finance and Master of Business (Accounting) as well as the Master of Business (Accounting) and Master of Business Law.

11 Faculty of Business and Economics > Accounting 11 The Master of Business (Accounting) degree provides early and mid-career accounting professionals an opportunity to take their next steps through a contemporary and research-based program designed to deliver advanced knowledge and mastery in accounting. Advanced knowledge is obtained through the completion of six core units covering disciplines related to management, financial and forensic accounting. Specialist knowledge is achieved through elective units, which are offered in areas that will help you further develop and show-case your expertise. In addition to your professional recognition from industry bodies and associations, this degree will make you stand out from the crowd. Dr Michael De Martinis Course coordinator Master of Business (Accounting) Career outcomes Career opportunities for graduates of the Master of Business (Accounting) are extensive. Graduates of the course have found work within the areas of public accounting practice, including auditing, taxation, management consulting and receivership. Our graduates also work in commercial and government organisations in roles such as treasury, internal auditing, strategic business planning, financial reporting and management accounting.

12 12 Postgraduate study options The Faculty of Business and Economics has one of the most extensive postgraduate offerings in the country, giving you more degree choices, and the opportunity to tailor your studies to your specific career goals. Certificate and diploma Graduate Certificate in Business is a four-unit course that may be undertaken as a stand-alone award or as a pathway to a graduate diploma or master s degree. It is designed to give you an introduction to a variety of business disciplines, however you can tailor the unit selection to your specific area of interest. Students who successfully complete the certificate may be eligible for admission into a master s degree. Graduate Diploma in Business is an eight-unit course, designed for students who wish to extend their knowledge in general business principles. This is a flexible program that allows you to take a number of broad business units, or a sequence of units relating to a specific discipline. Coursework programs Most of our coursework degrees comprise 12 units. Full-time students normally undertake four units per semester and part-time students normally undertake two units per semester. In some courses, you are able to exit your master s degree early with a graduate certificate (four units) or a graduate diploma (eights units). In some disciplines, you are eligible to enrol in a graduate or postgraduate diploma and, after completion of eight units, articulate into a relevant master s degree. Many of our coursework programs also offer a research stream, which serves as a prerequisite for undertaking a PhD. For more information on our postgraduate programs go to Research degrees (Master s Research and PhD) The Faculty of Business and Economics has developed a strong reputation for excellence in research across a diverse range of business interests. Our research has the scale, capability and business links to influence national agendas and shape business and professional practice. We strive to provide an excellent environment for the personal and intellectual development of our postgraduate research students, who make a significant contribution to the research effort of the faculty. Our research degrees include a Master of Philosophy and Doctor of Philosophy. We also offer: > A Postgraduate Diploma in Economics and Commerce, which provides a fourth year of study, equivalent to an honours year, for students wishing to undertake a higher degree by research but do not have the research background required to meet the admission criteria. > A Master of Business (Honours), which provides a pathway for high achieving accounting, banking and finance coursework masters students to articulate into the university s higher degrees by research program. If you are considering undertaking a research degree, please contact our Faculty Research Office on (613) or You can also find more information on research in the faculty and how to apply to undertake a research degree at: The Faculty of Business and Economics offers a variety of pathway programs to assist students who don t meet course entry requirements. For more information on course eligibility and entry requirements, please contact our student services team on (613) or (613) , or

13 Faculty of Business and Economics > Accounting 13 Courses offered by the Faculty Accounting Graduate Diploma in Accounting Master of Professional Accounting Master of Professional Accounting (Advanced) Master of Business (Accounting) Business Graduate Certificate in Business Graduate Diploma in Business Master of Business Master of Business Law Master of Business (Science and Technology) Banking and Finance Master of Applied Finance Master of Banking and Finance Economics and Econometrics Graduate Diploma in Applied Econometrics Master of Applied Econometrics Graduate Diploma in Economic Studies Master of Economics Master of Business Economics Graduate Certificate in Pharmacoeconomics Graduate Diploma in Health Economics and Policy Marketing Master of Advanced Marketing Master of Marketing Management Graduate Diploma in Human Resource Management Master of Human Resource Management Master of Management Policy and Trade Master of Public Policy and Management Master of Diplomacy and Trade International Business Master of International Business Business Administration Monash MBA Monash Executive MBA Double master s degrees Master of Applied Finance/ Master of Applied Econometrics Master of Applied Finance/ Master of Business (Accounting) Master of Business/ Master of Professional Accounting Master of International Business/Master of European and International Studies Master of Journalism/ Master of Business Master of Professional Accounting/ Master of Business Law Master of Business (Accounting)/Master of Business Law

14 14 Information for prospective students Student development The Faculty of Business and Economics offers a range of student development activities to enhance your academic studies, develop your skills and transform your career path. These include: > Orientation for postgraduate students > Academic Development and Enhancement Program for Tertiary Studies (ADEPT) workshops > Personal and professional development programs > Postgraduate PAL (Peers, Ambassadors and Leaders) program > Mentoring programs > Career readiness programs For more information on our extracurricular programs and to get involved, visit: Off campus programs Off campus learning is a flexible mode of study based on independent learning materials and learning support systems that allow students to study with little or minimum attendance at a university campus. Some of our postgraduate courses are offered in off-campus mode to help you balance your study goals with other commitments. To find out more about our off-campus courses and application procedures please Postgraduate scholarships and awards Monash University offers a wide range of postgraduate scholarships to help you pursue postgraduate study. Scholarships are available for coursework and research degrees. For more information visit: International Student Visas International students should visit: which contains important information regarding how to apply as an international student, Australian Government requirements and conditions for study in Australia, living costs, course fees, health insurance, working while you study, work rights for your husband or wife and schooling for your children. Further information about visa applications can be obtained from: and Higher Education Loan Program (HELP) Loans have been introduced under the Higher Education Loan Program (HELP), which incorporate previous loan schemes including the Higher Education Contribution Scheme (HECS), the Postgraduate Education Loan Scheme (PELS) and the Bridging for Overseas Trained Professionals Loan Scheme (BOTPLS). The HELP scheme provides an interest-free, income contingent loan facility for eligible students enrolled in: accredited undergraduate and postgraduate award programs including higher degrees by research; bridging courses for overseas trained professionals to enable them to meet the entry requirements for their profession in Australia; and courses to enable students to meet the requirements for entry into an awards program. For further information visit: Fees To study at Monash University you must pay tuition fees to the university. Tuition fees vary for different courses. Indication tuition fees are detailed in the course tables of this guide. However, please check Monash course finder and Postgraduate coursework programs are full-fee places. The tuition fees quoted are for 48 credit points unless otherwise stated in the course tables and only applicable to a course commencing in the year stated in the table. Tuition fees for course commencement in coming years will be different. Monash University reserves the right to adjust annual tuition fees for future years of your course. However, Monash University undertakes that any adjustment factor for those continuing students will not exceed six per cent per annum. Any adjustment will be applied on the first day of January each year for teaching periods within the census date thereafter. Credit (advanced standing) for previous study Credits/exemptions may be considered for previous tertiary-level study or postsecondary study (including TAFE and Open Universities Australia) in Australia or overseas. Applications for credits/ exemptions must clearly indicate units for which advanced standing is requested and must be accompanied by a legally certified copy of your academic transcript and unit syllabus, usually from the course handbook. Each application is assessed on a case-by-case basis. It is essential that units submitted for credit/ exemption fit the philosophy and principles of this course of study. Units studied more than 10 years ago will not be considered for credit/exemption. For more information on credit and exemptions for previous postgraduate study, please or phone (613) English language proficiency Monash University has minimum English entry requirements for all students, to ensure that all applicants for degrees have the English skills to perform well in their studies. Applicants can meet the English language proficiency requirements if > You have achieved a satisfactory level of performance in an English subject at Year 12 or equivalent level. This means a study score of at least 25 in units 3 and 4 in any VCE English subject. All other students should visit: for entry requirements details. > You have studied in an institution where English is the language of instruction and assessment for the entire institution and have satisfactorily completed the equivalent of one and a half years full-time (three standard full-time semesters) of either a university undergraduate award program, or a program that has been assessed as being taught at an equivalent level to Monash University undergraduate study Alternatively, you have studied in an institution where English is the language of instruction and assessment for the entire institution and have satisfactorily completed the equivalent of one full-time year (two standard full-time semesters) of postgraduate study. Documentary evidence in the form of a letter or transcript is required from the institution at which the study was undertaken. > You have undertaken an English language proficiency test within two years prior to your study commencement date and have achieved the following results: IELTS minimum test score of 6.5 with no individual band score less than 6.0. TOEFL minimum test score of 550 with a Test of Written English score of at least 4.5. Internet based TOEFL overall 79, Writing: 21, Listening: 12, Reading: 13, Speaking 18. Cambridge English Certificate in Advanced English (CAE) Minimum test score required: A grade of A Cambridge Certificate of Proficiency in EnglishMinimum test score required: A grade of C You have successfully completed the Monash University English Language Bridging Program, or equivalent programs, at the appropriate level. For further information about English language requirements at Monash University visit: postgrad/pg-english-requirements.html

15 Faculty of Business and Economics > Accounting 15 Apply Now Application closing dates Entry in Semester 1 31 January 2014 Entry in Semester 2 30 June 2014 Semester Dates 2014 Semester 1 3 March - 30 May Semester 2 28 July - 24 October To apply go to:

16 Further information Postgraduate Student Services Office Faculty of Business and Economics Monash University Building N, Level 4 27 Sir John Monash Drive Caulfield East, Victoria 3145, Australia Telephone: or Contacts for international students International Recruitment Services Monash University 871 Dandenong Road Caulfield East 3145, Australia Telephone: Special note about the Gippsland campus Monash University and the University of Ballarat are exploring a proposition to create an expanded, regionally-focused university. Should the proposition be approved, the campus is expected to offer a range of courses that bring together the strengths of both Monash University and the University of Ballarat from 1 January If the proposition is approved, new students will be admitted into a full range of expanded courses of the proposed new university and Monash University will not be admitting new students (except from agreed pathways) into courses at the Gippsland campus. As course offerings may change, please visit to ensure you have the latest information on what courses will be available. Australian Qualifications Framework (AQF) From 2015, Monash University postgraduate courses will align with the AQF, an initiative that ensures Australian qualifications are nationally consistent and internationally comparable. This may result in some changes to course structure. facebook.com/monash.university twitter.com/monashuni youtube.com/monashuni CRICOS provider: Monash University 00008C Monash University reserves the right to alter information, procedures, fees and regulations contained in this document. Please check the Monash University website for updates (www.monash.edu.au). All information reflects prescriptions, policy and practice in force at time of publication. Published July 2013.

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