What is a Master of Professional Accounting?
The Master of Professional Accounting is a high-level degree covering accounting, auditing, finance, economics, quantitative methods, information systems, and tax law. CPA Australia and CAANZ accredited, this course prepares you for a career in global accounting and financial organisations.Learning outcomes
- Apply ethical, legal, social and environmental responsibilities in both local and global contexts.
- Interpret and apply rules, regulations and theories to an array of complex accounting-related situations.
- Communicate accounting advice and knowledge to a range of stakeholders.
- Stay at the forefront of accounting research, laws and software for best practice.
Industry software certified
This course is designed in collaboration with SAP, giving you the opportunity to become SAP-certified.
Industry software certified
This course is designed in collaboration with Xero, giving you the opportunity to become Xero-certified.
This is an AQF Level 9 course delivered by Torrens University Australia Ltd.
* For more details on international student study options.
Career opportunities
Career paths
- Auditor
- Tax Accountant
- Financial Analyst
- Business Consultant
- Finance Manager
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Future career
- Auditor
- Tax Accountant
- Financial Analyst
- Business Consultant
- Finance Manager
Subjects and units
International students must not enrol in more than one-third (33%) of online subjects over their course, and must study at least one face-to-face subject each study period. Please note that due to COVID-19, authorities have provided exceptions to the usual face-to-face learning requirements. For more information, visit Study in Australia.
International students on a student visa are required to study full time (i.e. must complete a minimum of 1.0 EFTSL of study per year). For the latest information on study locations, please check the entry requirements flyer.
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Year 1
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Year 2
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Accounting Information Systems | ACCT6001This subject covers the nature, role and benefits of information systems in business and how it can assist in management decision-making. Focus is given in the Accounting Information Systems. The business processes, internal controls, and auditing of accounting information systems, ethics and cybercrime are also explored.
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Accounting Fundamentals | ACCT6002This subject introduces students to accounting systems and processes, leading to an understanding of how financial transactions are recorded and reported. The subject involves the preparation of different forms of financial statements and the interpretation of financial statements.
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Managing Finance | FINA6000This subject introduces students to a range of financial decisions that management make and various types of information required for internal decision making and for evaluating outcomes of decisions. Students will learn how to apply finance theory and techniques to solve major financial problems. The subject covers topics on goals and governance of the firm, time value of money and its application in valuation, risk and return, capital budgeting, capital structure and cost of capital, working capital management and payout policy.
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Financial Accounting Processes | ACCT6003This subject expands on the financial accounting concepts and practices introduced in Accounting Fundamentals and develops skills in computerised accounting. It also introduces the regulatory environment for financial reporting in Australia, the purpose and interpretation of accounting standards, and application to non-current assets, liabilities, revenue the issue of shares and debentures and cash flow statements.
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Statistics for Financial Decisions | STAT6003
This subject covers the role of statistical analysis in decision making for accounting and finance professionals. It is divided into descriptive and inferential statistics. Students will learn about statistical techniques for the quantitative evaluation of data in decision making for accounting, finance and business applications. Students will develop analytical and statistical skills through Excel data analysis to manipulate data into meaningful information for the purpose of decision making. Students will also learn to interpret statistical results and communicate their statistical analysis in business reports.
Topics covered include: Qualitative techniques for data collection and investigation, Descriptive statistics including graphical and numerical presentation of data, Inferential statistics including probability theory, probability distributions, sampling distributions and parameter estimation; hypotheses testing; simple and multiple linear regression and correlation; time-series analysis and forecasting for cross section and longitudinal data; index numbers.
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Business and Corporate Law | LAW6000This subject provides an introduction to the Australian legal system and general legal knowledge with respect to the creation, operation and discharge of contracts. The methods by which a business may be carried on are examined including companies. The role and application of the Corporations Act 2001 (Cwlth), the regulatory environment for companies in Australia, the procedures for starting, operating and winding up a company are also covered.
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Financial Accounting Theory and Practice | ACCT6007This subject involves the critical evaluation and application of accounting standards and covers the theoretical principles and concepts underlying accounting practice. The focus is on the conceptual framework of accounting and its application to contemporary accounting practice. It includes a critical review of current national and international developments in accounting and financial reporting. It also provides the opportunity for students to apply research skills to this cohesive body of knowledge.
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Economic Principles | ECON6001Business leaders are expected to make considered and rational decisions that take cognisance of the complex competitive and often volatile environment in which they operate. This course explains the micro and macroeconomic context needed for making these decisions. It also outlines how institutions, particularly the government and regulatory authorities, shape and constrain that environment. By the end of the course, students will be able to use economic theories to help them make decisions about the optimal allocation of business resources and to understand the potential impact of regulatory and economy-wide changes to their business environments.
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Management Accounting | ACCT6004This subject covers the application of numerical and analytical skills to budgeting and forecasting, product and service costing, planning and control, performance evaluation, and the management of working capital. It also introduces the role and purpose of strategic management accounting and will include a discussion of accounting systems and their application in preparing internal financial reports.
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Company Accounting | ACCT6005This subject will expand on financial accounting concepts and focus on accounting and reporting issues for corporate entities operating within Australian, using the Australian Accounting Standards. This will include the accounting for a group of companies operating under common control including the tax effects required on consolidation. This subject also examines joint venture accounting and segment reporting by diversified entities.
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Taxation Law | LAW6001
This subject provides an overview of the fundamental rules and principles of the Australian taxation law and its application to individuals and businesses operating within Australia. Students will learn about the principals underlying taxation of individuals including assessable income concept, the role of deductions and tax offsets when determining tax, taxation of capital gains, tax impact of salary packaging and termination payments. The taxation of entities, partnerships, companies and trusts introduces students to the key features of each structure and to the tax treatment of each entity and their associated entities. The subject will also address other taxes impacting financial advice such as fridge benefits tax, goods and services tax and taxation aspects of superannuation law.
The Code of Ethics and professional responsibilities placed on tax agents and financial advisers providing taxation advice in Australia are also discussed. Students will learn how to distinguish between tax planning, tax evasion and tax avoidance. Students will collaborate with their peers on researching and interpreting more complex taxation topics, tax planning and developing comprehensive client solutions.
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Auditing Theory and Practice | ACCT6006This subject introduces students to auditing and assurance concepts and practice. Ethical pronouncements and Auditing Standards that apply to Australian auditors are studied and applied to authentic scenarios. The entire audit process from gathering an understanding of the client's operations and risks, planning and then executing an audit and reporting on the findings are covered both in theory and practice.
Industry partners
Why study with us?
Are you a Domestic or International student?
Choose your student type for fees, scholarships & entry requirements
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Domestic
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International
Fees: Domestic students
Scholarships: Domestic students
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Scholarship types
Admissions criteria and pathways: Domestic students
Guaranteed pathway and Recognition of Prior Learning
If you have already completed a qualification you may be able to credit this against your degree with us, even if it’s from another institution. This is called Recognition of Prior Learning. We also offer pathway opportunities to further your learning.How to apply: Domestic students
Get started
Read through the admissions criteria and ensure you meet the entry requirements.
Apply
It’s easy! Apply online below or contact us and we can help on 1300 575 803.
Offer
We’ll contact you shortly after to confirm your details and help you through the rest of the process.
Fees: International students
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International fees
Check the International Course Fee Schedule for the cost of your course. Onshore international students requiring a student visa should choose campus-based / blended options.
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Fee payment
Course fees can be paid across three study periods. Each instalment to be paid before the beginning of the academic stage census date.
Scholarships: International students
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Scholarship types
Admissions criteria and pathways: International students
Guaranteed pathway and Recognition of Prior Learning
If you have already completed a qualification you may be able to credit this against your degree with us, even if it’s from another institution. This is called Recognition of Prior Learning. We also offer pathway opportunities to further your learning.Learn more about study pathways.How to Apply: International students
Get started
Read through the admissions criteria and ensure you meet the entry requirements.
Apply
It’s easy! You can apply online below or contact our International team on 1300 575 803.
Offer
We’ll contact you shortly after to confirm your details and help you through the rest of the process.
Frequently asked questions
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How do I apply for a course?Domestic students:
Check the entry requirements for the course you’re interested in and submit your initial application form online to begin your journey at Torrens University Australia.
If you have any difficulty, please contact our Course and Careers Advisors, who can talk you through the process.
ALL SA/SACE and Victorian high school students must apply through SATAC and/or VTAC. Search for Torrens University Australia, Billy Blue College of Design or Blue Mountains International Hotel Management School.
International students:If you are an international student hoping to begin your studies in Australia, study online, or transfer from another university, you may choose to do so through our Education Agents. Our agents are located throughout the world and will make sure the enrolment process runs smoothly. View the full list of International Education Agents. You can also apply online. For anything else, please contact our International team.
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Can I get course credit for previous experience?
Yes, course credit is available for most courses upon application and academic approval (excluding Higher Degree by Research programs).
If you have already completed a qualification or have relevant work experience, you may be eligible for credit towards your course. This credit can take the form of credit transfer, block credit or Recognition of Prior Learning (RPL). Review our Course Credits page or chat to our Course and Careers Advisors.
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What if I don’t meet the entry criteria for a degree?
Torrens University Australia has a range of application pathways to help you gain entry into our degrees based on different criteria.
To find out more, visit Study Pathways or contact our Course and Careers Advisors.
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What are Recognition of Prior Learning (RPL) and Credit Transfer (CT)? How do I apply?
Recognition of Prior Learning is an assessment process that recognises experience, previous study and qualifications, and other forms of informal and non-formal learning, to determine if you meet course requirements.
If you have relevant qualifications or experience, you may be eligible for credit towards your course and a reduction in tuition costs.
Please speak to our Course and Careers Advisors to discuss your prior learning experiences.
For more information, please visit Course credits.
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Am I eligible for FEE-HELP?
If you are a domestic student attending university or an approved higher education provider, you can get a FEE-HELP loan to pay all or part of your tuition fees.
You are eligible for FEE-HELP assistance for a unit of study (i.e. subject) if you:
- Undertake study with an approved provider.
- Meet the citizenship and residency requirements:
- An Australian citizen or a New Zealand Special Category Visa holder who meets the long-term residency criteria and who will undertake, in Australia, at least one unit of study contributing to your course; OR
- A permanent humanitarian visa holder who will be a resident in Australia for the duration of your unit; OR
- Are a permanent visa holder who is undertaking bridging study for overseas-trained professionals, and will be a resident in Australia for the duration of the study.
- Enrolled in an eligible unit of study by the census date for the unit.
- Have not exceeded the FEE-HELP limit.
For full details, visit the Australian Government website Study Assist.
If you are still unsure, please contact our Course and Career Advisors who can talk you through the information.
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How do I apply for a scholarship?
Torrens University has a wide range of scholarship options to support new, returning, international and Australian students. They all include a reduction in tuition fees, and some scholarships include a mentoring component with our industry partners.
Domestic students
When you speak to our Course and Careers Advisors, let them know you wish to be considered for a scholarship in your application form. They will show you how to apply for a scholarship.
International students
Please contact your Education Agent for further information. Alternatively, you can call us on 1300 575 803 or by email.
For more details, explore our range of scholarships.
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