Master of Professional Accounting
- Local students
- International students
- Program code: MC194
GD153, Graduate Diploma in Professional Accounting
- Campus: City campus or online via OUA
A professionally accredited accounting program aimed at graduates of non-accounting disciplines who want to broaden their career prospects.
In order to meet accreditation requirements, you'll need to complete compulsory curriculum areas designated by CPA Australia and the Institute of Chartered Accountants in Australia.
Our program offers studies in the core areas of accounting and business and social, environmental, cultural and ethical issues that affect contemporary business environments.
1.5 to 2 years full-time or part-time equivalent depending on the program entry pathway.
Program structure and features
Learning and teaching
Your classes will mostly be held at the Swanston Academic Building where innovative learning spaces are interspersed with retail and social spaces resulting in a stimulating environment for business students.
College of Business educational software, the Learning Hub, other online and digital resources and printers are accessible on campus via the RMIT wireless network using your own laptop, tablet or smart phone or via computer facilities on-campus. You will be able to access the same software from home using myDesktop.
Find out more about student computing at RMIT.
RMIT offers a variety of learning and teaching approaches including lectures, seminars, studios, workshops, presentations, group discussions and syndicate work. You will have access to online resources through the myRMIT student portal.
Ongoing assessment throughout the semester includes examinations, essays, reports, presentations, group projects, research projects, quizzes and tests, blog journals and practical assignments.
This program is also offered through Open Universities Australia (OUA). To study in online mode, please apply through OUA.
The Masters program comprises core and elective courses.
There are two entry points:
- Master of Professional Accounting
- Graduate Certificate in Professional Accounting
The Graduate Certificate comprises four courses; upon successful completion, it provides a pathway to the Masters program. Please refer to the Pathways section for specific details.
The program is structured to enable you to:
- undertake specialised courses in accounting
- combine core discipline knowledge with electives
- cover compulsory curriculum areas designated by CPA Australia and the Institute of Chartered Accountants in Australia to meet accreditation requirements
- develop more general professional capabilities so you can apply your knowledge in a work context
- complete the compulsory course Business Research Design.
A feature of the program is the course Business Research Design. In this course, you will explore complex and ambiguous problems, and test and evaluate potential solutions. Your proposals presented in the form of a design map, will demonstrate your understanding of relevant research methodology and the knowledge and skills you have developed about your discipline. They will be assessed in a real or simulated workplace context, with feedback from industry and/or the community.
Please refer to the following program guides for further detail:
- Master of Professional Accounting (with advanced standing)
- Master of Professional Accounting (without advanced standing).
Handbook (program guide)
To see what students are currently studying and to access additional program and course information, visit the program handbook (program guide).
This program has been developed in consultation with stakeholders including: employers, professional bodies, alumni and students, the International Federation of Accountants (IFAC), CPA Australia and the Institute of Chartered Accountants in Australia.
Guiding the development of the College of Business, both nationally and internationally, is an Industry Advisory Board of high-profile executives chaired by Gerhard Vorster, Chief Strategy Officer, Deloitte. The Board creates a strategic bridge between the latest in technology and design thinking and business.
RMIT University is committed to providing you with an education that strongly links formal learning with professional or vocational practice.
Graduates work in the following sectors:
- Public accounting practice - supporting staff teams in areas such as auditing, taxation, management consulting, business services and receivership.
- Commercial and government organisations - in roles such as treasury, internal audit, strategic business planning, financial reporting and management accounting.
Graduate roles may include:
- reporting to senior management on the resources of the organisation
- monitoring the cash flow and financial resources of the organisation
- advising business on strategies for increased profits - providing financial advice
- preparing financial reports, reconciling accounts and maintaining registers and records
- evaluating business plans
- refining financial systems
- providing taxation advice
- running a small business.
Professional recognition and accreditation
The Master of Professional Accounting (MPA) is specifically designed to comply with the accreditation requirements of the professional accounting bodies in Australia: CPA Australia and the Institute of Chartered Accountants in Australia.
Successful completion of specific courses within the MPA entitles you to apply for associate membership of CPA Australia, the Institute of Chartered Accountants in Australia and the Institute of Public Accountants.
You must then undertake the chosen professional body's qualification program and gain 3 years' relevant practical experience to gain full membership.
You must meet the University entry requirements for this type of program.
If you satisfy the following requirements you will be eligible for selection; however, there is no guarantee that you will be selected as demand for the program varies each intake.
Upon admission you will be granted exemption from completing the four business enabling courses and will be required to complete the remaining 12 courses in order to be eligible to graduate with the masters degree.
Program entry requirements
- An Australian bachelor degree or equivalent, or higher level qualification, in a business (or related) discipline except accounting from a recognised tertiary institution with a minimum grade point average (GPA) of 1.0 (out of 4.0)/50%/Pass; or
- RMIT Graduate Certificate in Professional Accounting.
Applicants with a degree in a non-business or related discipline need to apply for the Graduate Certificate/Masters pathway if they wish to complete the masters program in 1.5 years (full-time). Alternatively applicants with a non-business or related discipline may be admitted to the masters program without exemptions and will be required to complete the 16 course program in order to be eligible to graduate with the masters degree.
How to apply
- Check the application dates to see when to apply
- Ensure you meet all of the entry requirements (see above section)
- Choose your application method and apply
- If applicable, complete the selection tasks for your program (see above section)
- For the best chance of success, submit your application by the deadline for timely applications.
Tuition fees vary according to each program and are adjusted annually.
There are 2 tuition fee types:
- full fees where you will be responsible for the full cost
- Commonwealth supported place (CSP) fees where your tuition fee is shared between you and the Commonwealth Government if you meet the eligibility criteria. There are only a small number of CSPs available.
As a full fee-paying student, you may be eligible to apply for the optional FEE-HELP to assist you to pay all or part of your tuition fees.
As a Commonwealth supported student, you may be able to either:
- pay all or part of your student contribution up front and receive a 10% discount, or
- defer payment through the HECS-HELP loan scheme.
RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds. Learn more about RMIT Scholarships.
Some courses attract additional expenses. These can include textbooks, stationery, printer paper, internet access fees outside RMIT campuses, and other relevant costs.
Upon successful completion of the Graduate Certificate in Professional Accounting you will be admitted to the Master of Professional Accounting which requires the successful completion of a further eight courses.
If you have completed an Australian bachelor degree or equivalent, or higher level qualification, in a business (or related) discipline from a recognised tertiary institution, you will receive exemptions from the four business enabling courses. Please refer to the Entry Requirements section for specific details.
Credit and exemptions
Applicants who have successfully completed postgraduate studies in a business (or related) discipline at another institution can have these assessed for credit or exemptions from this program consistent with the principles of the RMIT Credit Policy.
Business research programs are offered at Master and Doctoral level.
Information for prospective students
Information sessions are run throughout the year. For details visit the College of Business Postgraduate studies page.
Although RMIT endeavours to ensure the accuracy of this information, there is no guarantee it will remain accurate all year. Applicants are advised to confirm program details with the appropriate school before making an application.