Master of Professional Accounting
14 Feb 2022
30 May 2022
12 Sep 2022
This course is delivered by Torrens University Australia Ltd, ABN 99 154 937 005, RTO 41343, CRICOS 03389E.
What is a Master of Professional Accounting?
Accredited by industry peak bodies
This course is endorsed by the Chartered Accountants (CA Australia and New Zealand) and the Certified Practicing Accountants (CPA) Australia.
Tap into the best business minds
Their insights will help shape you into the next generation of business leaders.
Future-proof your career
Our diverse academics and industry partners will help you gain new perspectives and a wide-reaching business network.
Course overview
During the Master of Professional Accounting you will learn from our industry-experienced academics through practical and work integrated learning. You will gain knowledge in the fundamental areas of accounting, finance, economics, quantitative analysis, information systems and business and taxation law. To qualify for the Master of Professional Accounting, you must complete satisfactorily a course of study consisting 12 core subjects (120 units).
Industry is embedded in our curriculum. Students get hands-on experience with industry-leading software used in the industry, including Xero.
Students also have the opportunity to become Xero-certified.
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. Most face-to-face courses are also available online. Please note that due to COVID-19 pandemic, authorities have provided exceptions to the usual face-to-face learning requirements.
International students on a student visa are required to study full time, i.e. the student must complete a minimum of 1.0 EFTSL of study per year.
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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
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
Why study with us?
Choose your student type for entry requirements, fees and scholarships
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Domestic
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International
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.Fees: Domestic students
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Domestic fees
Check the Domestic Course Fee Schedule for the cost of your course.
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FEE-HELPEligible Australian students may choose to defer some, or all, of their tuition fees through FEE-HELP, a loan scheme repaid through the tax system based on income.
Scholarships: Domestic 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.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 in 3 instalments, each instalment to be paid before the beginning of the academic stage census date.
Scholarships: International students
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Scholarship types
How to Apply: International students
Key intake dates
31 May 2021 | 13 September 2021 | 14 February 2022
Frequently asked questions
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What does admissions criteria mean?
Admissions criteria is a set of criteria that must be met to be eligible to apply for a chosen course.
To gain entry to an accredited undergraduate course at Torrens University Australia, applicants must both satisfy general admissions criteria and meet any additional course requirements where specified.
All admissions criteria and course-specific requirements apply consistently across campus locations and study modes. To find out more, visit admissions criteria.
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What if I don’t meet the entry criteria for a degree?
Torrens University Australia has recognised pathways to help you gain entry into our bachelor degrees based on different criteria.
To find out more, visit Study pathways or contact one of our knowledgeable Course and Careers Advisors.
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Can I get course credit for previous experience?
Yes, course credit is available upon application and academic approval.
If you have already completed a qualification or have relevant work experience, you may be able to receive credits towards your degree. This credit can take the form of credit transfer, block credit or Recognition of Prior Learning (RPL).
Our Program Directors will carefully review the learning gained from your previous qualification and/or experience to ensure we provide you with credit towards our degrees whenever appropriate. Review our course credits page or chat to one of Course and Careers Advisors.
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What are course credits?
Course credits are credits that can be applied to your course based on your prior experience or qualifications. To find out more, visit course credits
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What are Torrens University Australia’s courses’ ATAR requirements?Torrens University Australia no longer considers ATAR (Australian Tertiary Admission Rank) as our primary entry requirement. We have removed ATAR as the key admissions criteria for applicants aiming to study at Torrens University Australia. We strongly believed an alternative to the ATAR system should be found, which more broadly assesses students, especially when soft skills are emerging as important employability attributes. So, students with a recent secondary school education are now considered for admission if they have a Year 12 (Australian secondary school) certificate.
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Am I a domestic or an international student?
Domestic students are Australian and Permanent Residents. International students are those who hold citizenship or Permanent Resident status of all other countries.
International students from countries whose first official language is one other than English need to provide evidence of English Language Proficiency.
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How do Torrens University Australia fees charge?
Torrens University Australia is a full-fee paying institution. To find out more, visit Tuition Fees.
Domestic students may be eligible for FEE-HELP. For more information on FEE-HELP, please visit: https://www.studyassist.gov.au/.
Please note we do not currently offer any full fee waivers for international students. We do not offer stipends or living allowances.
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How much are Torrens University Australia courses?
For a full list of tuition fees, visit Tuition Fees.
Remember, if you're an Australian citizen or permanent resident, your fees can be covered by FEE-HELP. You can find out more information on FEE-HELP on the StudyAssist website at https://www.studyassist.gov.au/fee-help or contact us and we can guide you through the process.
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Am I eligible for FEE-HELP?
To get a FEE-HELP loan, you must:
- be an Australian citizen and study at least part of your course in Australia, or
- be a New Zealand Special Category visa (SCV) holder or permanent humanitarian visa holder and meet the residency requirements.
- be enrolled in a fee-paying place at a provider that offers FEE-HELP loans
- be enrolled in an eligible course at your provider by the census date (your provider can tell you if your course is eligible)
- submit the Request for FEE-HELP form to your provider by the census date
- not have already borrowed up to your HELP loan limit.
Permanent residents can only get FEE-HELP for approved bridging studies.
If you are studying at a non-university, you will also need to meet the ‘pass rate’ requirements.
You can find out more information on the StudyAssist website at https://www.studyassist.gov.au/fee-help or speak to a Course and Careers Advisor and we can guide you through the process.
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Can I apply for FEE-HELP?
To be eligible for FEE-HELP you need to be an Australian citizen , and have a tax file number. You must also be studying at an approved higher education provider, such as Torrens University Australia.
You can find out more information on the StudyAssist website at https://www.studyassist.gov.au/fee-help or contact us and we can guide you through the process.
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How do I apply for FEE-HELP?
If you receive an offer from Torrens University Australia, and you meet the eligibility requirements, you may be eligible for FEE-HELP. You will need to complete a Commonwealth Assistance Form if you want to defer payment of some, or all, of your tuition fees. You will need to quote your tax file number or provide a Certificate of Application for a Tax File Number. The form must be completed before the due date.
You can find out more information on the StudyAssist website at https://www.studyassist.gov.au/fee-help or speak to our Course and Careers Advisors and we can guide you through the process.
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Is there a FEE-HELP limit?
For 2020, the HELP loan limit is $106,319 for most students. The Australian Government publishes the HELP Loan limit on their website.
FEE-HELP is a loan scheme that assists eligible fee-paying students to pay their tuition costs. Eligible students can borrow up to the FEE-HELP limit to pay their tuition fees. Note: Any loan fees that were applied to study prior to January 1, 2019 will not count towards your FEE-HELP limit.
Students repay the loan to the Australian Government through the tax system once a student reaches the minimum income threshold level for repayment, which for 2019-20 is $45,881.
You can find out more information on the StudyAssist website at https://www.studyassist.gov.au/fee-help or Contact Us and we can guide you through the process.
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What courses are available for FEE-HELP?To find out more, visit How to Apply.
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What is FEE-HELP?
FEE-HELP is a loan scheme that assists eligible full-fee-paying students pay their tuition costs.
You must be studying at an approved FEE-HELP provider in order to access a FEE-HELP loan, such as Torrens University Australia.
A FEE-HELP loan does not cover costs like accommodation, laptops or textbooks, and must be repaid once you start earning above a certain income threshold.
To find out more, visit the Study Assist website: https://www.studyassist.gov.au/help-loans/fee-help.
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Is there anything I can do to prepare for Torrens University Australia?
There are lots of resources to help you prepare for university life. Attend one of our workshops or events and get some tips firsthand from our industry-focused lecturers and current students.
The events programs range in topic and delivery mode, so there should always be one to suit your needs. At any time you can contact one of our Course and Careers Advisors to talk through your career goals. They can guide you on what to expect and how you can get prepared earlier. If you know exactly which course you want to enrol in, you could take advantage of the early entry program.
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What is the Early Entry Program?
The Torrens University Australia Early Entry Program has been created to allow you to apply and secure your place for your chosen course before you finish your Year 12 exams.
To find out more, visit Early Entry Program or email enquiries@tua.edu.au or phone 1300 575 803.
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How do I apply?
Applying is easy and can be done online by filling out the apply form. If you have any difficulty, please contact a Course and Careers Advisor, 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 applicants may also need to demonstrate compliance with relevant legislative requirements, for example, requirements for student visas (this does not apply for online study outside of Australia).
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How will I know if my application has been processed?Our Course and Careers Advisors will help you through every step of the application process and provide you with updates. If your application is successful, you will receive an offer letter via email.
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I am having trouble with my application. Who can help?Our friendly Course and Careers Advisors are available to answer all your questions and guide you through the application process. Fill out the contact us form and one of them will reach out to you.
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What are pathways?
All Torrens University Australia courses have specific entry requirements, but we also offer multiple pathways into courses when you don’t meet those entry requirements.
There are different pathways for different courses. For example, we offer a range of diploma courses which pathway into bachelor degrees in Business, Design and Creative Technology, Health and Hospitality. We also have graduate certificate and graduate diploma courses which pathway into masters courses in Business, Global Project Management, Sports Management, Health, Education, Design and Hospitality.
For more information on different types of pathways available, visit study pathways.
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How can I pay for my course?
Payment information will be outlined in your offer letter but there are a couple of different options:
- Upfront payment via credit card, BPAY, cheque or overseas bank account transfer
- Full or partial payment via FEE-HELP Government Assistance (domestic students only)
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What are the key dates for 2021?To find out more, visit Key Dates.
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What are the semester and term dates?
Torrens University Australia has three main intakes each year, usually during February, June and September. There are also a range of accelerated intake dates available, meaning if you just miss the start date, you don’t have to wait until the next intake.
You can apply any time throughout the year for the next intake start date – or a future start date if you are planning ahead. Different semester dates apply for Blue Mountains International Hotel Management School as well as some of our other courses.
To find out more, visit key dates.
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