Master of Professional Accounting (Advanced)

Pursue a career in the demand-driven industries of finance, accounting and commerce.

The Master of Professional Accounting (Advanced) course is designed to meet the global demand for high-quality graduates in accounting. Graduate with a robust body of accounting and professional business knowledge.

Pursue a wide variety of career options; such as an auditor, tax accountant, business consultant, financial analyst or finance manager. Learn from our industry-experienced academics through practical and work integrated learning and gain knowledge in the fundamental areas of accounting, finance, economics, quantitative analysis, information systems, and business and taxation law.

Choose to study full-time or part-time. Our small class sizes are capped at 25 to allow you to receive individual attention from our lecturers and learning facilitators.

The course allows you to pathway into other study opportunities for further career enhancement, including the MBA and Master of Global Project Management.

This course is fully accredited by CPA Australia and Chartered Accountants Australia and New Zealand.

Please note – some subjects may be run online, however we do not provide online enrollments for students as majority of the subjects need to be completed on campus. 

CRICOS CODE
090254K

Key Study Outcomes:

About the School

This course is delivered by Torrens University Australia Ltd, ABN 99 154 937 005, RTO 41343, CRICOS 03389E.

Read more about Torrens University Australia

Torrens University Australia

Course Delivery

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Workload and Assessment

No. of timetabled hours per week:

Torrens University Australia operates on a trimester system comprising of 3 study periods per year.

The standard academic study pattern for courses is 12 teaching weeks plus an exams week per trimester for three trimesters per year, and 13 weeks of vacation per year. It is expected that students will spend approximately 10 hours of study time per week for each 4 units of coursework (130 hours per subject). These 10 hours include a minimum of 3 hours of structured learning in addition to independent study and assessment tasks.

Typical assessment includes:

Subjects have a range of assessment options to suit the students requirements and circumstance. Methods of assessment may include time constrained, written examinations, individual assignments based on live briefs, group assignments, project reports, presentations, research reports, work integrated learning, scenarios and case studies, and reflexive logs.

Subject Information

To qualify for the Master of Professional Accounting, the student must complete satisfactorily a course of study consisting 16 core subjects (64 units). As well as the 12 core subjects below, you will also be required to complete 4 subjects from the Master of Business Administration or Master of Global Project Management courses.

This subject provides an overview of the Australian taxation system with a special focus on the concepts of income tax law. Topics include taxation design principles, the nature of taxation, the role of residency and source rules in determining the jurisdiction to tax, assessable and non-assessable income, capital gains tax and fringe benefits tax, general and specific deductions, the basic tax equation and the determination of taxable income. Application of the tax system to tax entities such as sole traders, partnerships, trusts and companies will be covered along with general and specific integrity and anti-avoidance provisions and tax administration.

This subject covers the role of statistical analysis in decision making for finance professionals. It is divided into descriptive and inferential statistics. Descriptive statistics cover presentation of data using tables, charts and graphs, and measures of central tendency. Inferential statistics include probability distributions, sampling, hypothesis testing, simple and multiple regression for use with time series, cross section and longitudinal data, and forecasting.

This Subject is focused on how to utilise financial information for internal decision-making purposes. It is designed for the leader who will be using, rather than producing financial information. This Subject also addresses the various types of financial decisions that leaders must make, and the strategies necessary to anticipate the alternatives, evaluate the advantages and disadvantages of each and recognise the trade-offs inherent in each alternative. The objective of this Subject is for students to learn how to apply finance theory and principles to the analysis of important business problems. Specific topics will include goals and governance of the firm, financial analysis, 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, and some contemporary issues in finance.

This subject covers the more advanced financial accounting issues of company taxation, reconstruction, inter-corporate investments and consolidated accounts, and joint ventures.

This subject covers general legal knowledge relating to the business environment, providing an understanding of the legal responsibilities and risks of doing business in Australia. It introduces the Australian legal system and discusses the legal regulation of companies and the features and purpose of contract law.

This 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.

This 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. Audit plans, tests, review and communication are explored both in theory and in practice.

This 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. and 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.

This subject covers the design and development of business information systems and internal controls and the role of information systems in management decision making and business operations. This subject also covers the use of electronic spreadsheets and database management software in business

This 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.

This subject introduces students to accounting systems and processes, leading to an understanding of how financial transactions are recorded and reported. It includes the preparation of different forms of financial statements and the interpretation of financial statements.

Business 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 subject 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 subject, 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 on their business environments.

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