Master of Accounting
The Master of Accounting program at Monash University offers a compreh...
Master of Professional Accounting and Business Law
Melbourne
INTAKE: Jul & Feb
Program Overview
The Master of Professional Accounting and Business Law program combines the disciplines of accounting and business law to equip students with a unique skill set that is highly sought after in the corporate world. This program is ideal for individuals who are interested in pursuing careers in accounting, taxation, financial management, or corporate law. The program integrates theoretical knowledge with practical skills and real-world application to prepare graduates for the complexities of the modern business environment.
Accounting Principles and Practices: The program covers core accounting principles and practices, providing students with a strong foundation in financial accounting, management accounting, and financial reporting. Students learn how to prepare financial statements, analyze financial data, and interpret accounting information for decision-making purposes. They also gain an understanding of international accounting standards and regulatory frameworks.
Auditing and Assurance: The curriculum includes modules on auditing and assurance, focusing on the principles and procedures involved in examining financial records and statements. Students learn about auditing standards, risk assessment, internal control evaluation, and the ethical responsibilities of auditors. They develop skills in conducting audits, identifying control weaknesses, and making recommendations for improvement.
Taxation Law and Practice: The program delves into the principles and regulations of taxation law, both at the national and international levels. Students gain knowledge of tax legislation, tax planning strategies, and the taxation of individuals and businesses. They learn how to navigate the complex tax environment and apply tax laws to various scenarios, considering tax implications in business decision-making.
Corporate Law and Governance: An understanding of corporate law and governance is essential for professionals working in accounting and business. The curriculum covers topics such as company law, corporate governance, business ethics, and legal frameworks for business operations. Students learn about legal compliance, shareholder rights, directors' duties, and the legal implications of corporate transactions.
Financial Management: The program includes modules on financial management, equipping students with the skills to make informed financial decisions and manage organizational resources effectively. Students learn about financial analysis, budgeting, capital budgeting, risk management, and working capital management. They develop skills in financial planning, investment analysis, and evaluating financial performance.
Business Strategy and Ethics: Understanding business strategy and ethical considerations is crucial for accounting and business professionals. The curriculum covers strategic management principles, business planning, and ethical decision-making frameworks. Students gain insights into strategic analysis, competitive advantage, and the integration of ethical practices into business operations.
Professional Skills and Professional Ethics: The program emphasizes the development of professional skills and ethical conduct. Students enhance their communication, critical thinking, and problem-solving skills. They also gain an understanding of the ethical responsibilities and professional codes of conduct relevant to the accounting and legal professions.
Practical Experience and Industry Engagement: Monash University places great importance on practical experience and industry engagement. The program offers opportunities for students to engage with industry professionals through guest lectures, networking events, and industry placements. Students can apply their knowledge and skills in real-world scenarios, gaining valuable industry insights and enhancing their employability.
Location
Melbourne
Score
IELTS 6.5
Tuition Fee
AUD 50000
Postgraduate Entry Requirements:
Academic Qualifications: To be eligible for postgraduate programs, international students should hold a bachelor's degree or equivalent qualification from a recognized institution. Minimum 65% in your previous academic qualifications.
English Language Proficiency:
- IELTS: Overall 6.5 or 7.0, depending on the program, with no band less than 6.0.
- TOEFL: Overall 79, with minimum subsection scores of Listening 12, Reading 13, Writing 21, and Speaking 18.
- PTE: Overall 58, with a minimum of 50 in each section.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
Monash University offers a range of scholarships to both domestic and international students to help cover the cost of tuition fees, living expenses, and other study-related costs. These scholarships are awarded based on academic excellence, financial need, leadership potential, and other criteria.
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Monash International Merit Scholarship: This scholarship is offered to international students who have demonstrated academic excellence in their previous studies. The scholarship provides up to $10,000 per annum for the duration of the student's course.
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Monash Graduate Scholarship: This scholarship is available to high-achieving domestic and international students who are undertaking a graduate research degree at Monash University. The scholarship provides a living allowance of $29,500 per annum, as well as a range of other benefits.
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Monash Asylum Seekers Scholarship: This scholarship is designed to provide financial assistance to asylum seekers who are undertaking undergraduate or postgraduate study at Monash University. The scholarship covers the cost of tuition fees, as well as a range of other study-related expenses.
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Monash Equity Scholarship: This scholarship is offered to students who have experienced financial hardship or other forms of disadvantage that have impacted their ability to succeed academically. The scholarship provides up to $6,000 per annum to assist with living expenses and other costs.
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Monash Indigenous Scholarship: This scholarship is available to Indigenous students who are undertaking undergraduate or postgraduate study at Monash University. The scholarship provides a range of benefits, including financial assistance, mentoring, and academic support.
The Master of Professional Accounting and Business Law program at Monash University in Melbourne provides graduates with a strong foundation in accounting principles and practices, as well as a deep understanding of business law. With a duration of 29 months, this program prepares students for a wide range of career opportunities in accounting, taxation, financial management, and corporate law.
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Professional Accountant: Graduates can pursue careers as professional accountants in public accounting firms, corporate organizations, government agencies, or non-profit organizations. They can work as financial accountants, management accountants, tax accountants, or auditors. Professional accountants are responsible for financial reporting, budgeting, tax compliance, and providing financial insights for decision-making.
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Tax Consultant: With their expertise in taxation laws and practices, graduates can work as tax consultants or tax advisors. They assist individuals and organizations in managing their tax obligations, ensuring compliance with tax laws, and optimizing tax positions. Tax consultants provide advice on tax planning, structuring transactions, and identifying tax-saving opportunities.
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Financial Analyst: Graduates can pursue careers as financial analysts, analyzing financial data, and providing insights to support investment decisions. They can work in financial institutions, investment firms, or corporate finance departments. Financial analysts assess the financial performance of companies, conduct financial modeling, evaluate investment opportunities, and prepare financial forecasts.
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Compliance Officer: As compliance regulations become increasingly important in business operations, graduates can work as compliance officers or compliance analysts. They ensure that organizations adhere to legal and regulatory requirements, industry standards, and ethical guidelines. Compliance officers develop and implement compliance programs, conduct risk assessments, and monitor organizational practices.
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Corporate Legal Advisor: With their understanding of business law and governance, graduates can work as corporate legal advisors, providing legal guidance to organizations. They can assist with contract negotiations, intellectual property issues, corporate transactions, and regulatory compliance. Corporate legal advisors ensure that business operations align with legal obligations and mitigate legal risks.
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Financial Manager: Graduates can pursue careers as financial managers, overseeing the financial operations of organizations. They are responsible for financial planning, budgeting, cash flow management, and financial analysis. Financial managers provide strategic financial advice, assess investment opportunities, and make recommendations to optimize financial performance.
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Business Consultant: With their combined knowledge of accounting and business law, graduates can work as business consultants, providing expert advice to organizations. They assist with business planning, financial management, risk assessment, and legal compliance. Business consultants offer insights into improving operational efficiency, enhancing profitability, and managing legal risks.
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Risk Manager: Graduates can work as risk managers, helping organizations identify and manage potential risks that could impact their financial performance and reputation. They assess risks related to financial transactions, legal compliance, and market volatility. Risk managers develop risk mitigation strategies and implement risk management frameworks.
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Government and Regulatory Agencies: Graduates can pursue opportunities in government agencies or regulatory bodies involved in accounting, taxation, or corporate law. They can work in roles related to policy development, regulatory compliance, or enforcement. Graduates contribute to the development and implementation of regulatory frameworks that govern financial reporting, taxation, and corporate governance.
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Entrepreneurship and Business Ownership: With their combined expertise in accounting and business law, graduates have the skills and knowledge to start their own businesses or ventures. They can apply their understanding of financial management, taxation, and legal frameworks to establish and manage successful enterprises.
