Master of Professional Accounting

2 Years On Campus Masters Program

University of Tasmania

Program Overview

The Master of Professional Accounting at the University of Tasmania is designed for individuals looking to advance their careers in accounting and finance. This program is ideal for those who may not have a background in accounting but are eager to develop the skills necessary for a successful career in this dynamic field.

Curriculum Structure:

In the first year, students will dive into foundational concepts with courses such as "Financial Accounting" and "Management Accounting." These units provide a solid grounding in the principles of accounting, enabling students to understand financial statements and managerial decision-making processes.

The second year builds on this foundation with advanced topics, including "Corporate Finance" and "Auditing." Here, students will explore the complexities of financial management and the critical role of auditing in ensuring the integrity of financial reporting, equipping them with the analytical skills needed in the professional world.

Focus Areas: Financial Accounting, Management Accounting, Corporate Finance, Auditing, Taxation Law, Accounting Information Systems

Learning Outcomes: Develop critical thinking and analytical skills, gain proficiency in financial reporting and compliance, and understand the ethical implications of accounting practices.

Professional Alignment (Accreditation): The program is accredited by CPA Australia and Chartered Accountants Australia and New Zealand (CA ANZ), ensuring that graduates meet the professional standards required for a successful career in accounting.

Reputation (Employability Rankings): The University of Tasmania consistently ranks highly in employability, with QS World University Rankings placing it among the top institutions for graduate employment outcomes.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Tasmania, the Master of Professional Accounting program is designed to equip students with not just theoretical knowledge, but also practical skills that are essential in the accounting profession. The program emphasizes experiential learning, allowing students to engage in real-world scenarios and develop competencies that are highly valued by employers. With access to state-of-the-art facilities and resources, students can immerse themselves in a learning environment that fosters collaboration and innovation.

Here are some key aspects of the experiential learning opportunities available in the Master of Professional Accounting program:

- Practical Projects: Engage in group projects that simulate real-world accounting challenges, allowing you to apply your knowledge in a collaborative setting.
- Internship Opportunities: Gain hands-on experience through internships with local businesses and organizations, providing you with valuable insights into the accounting industry.
- Access to Software: Utilize industry-standard accounting software such as MYOB and Xero, which are integrated into the curriculum to ensure you are job-ready upon graduation.
- Field Trips: Participate in field trips to local businesses and accounting firms, giving you a firsthand look at the day-to-day operations and challenges faced by professionals in the field.
- Research Facilities: Take advantage of dedicated research laboratories and study spaces that support collaborative learning and innovation in accounting practices.
- Library Resources: Benefit from extensive library resources, including access to accounting journals, databases, and other academic materials that support your studies.
- Professional Development: Attend workshops and seminars led by industry experts, enhancing your understanding of current trends and practices in accounting.

Progression & Future Opportunities

The Master of Professional Accounting at the University of Tasmania equips graduates with the skills and knowledge needed to excel in the accounting profession. With a strong focus on practical experience and industry relevance, graduates can pursue various roles such as Financial Accountant, Management Accountant, and Auditor. The program not only prepares you for immediate employment but also sets a solid foundation for long-term career growth:

- University Services: The University of Tasmania offers dedicated career support services, including resume workshops, interview preparation, and networking events with industry professionals. The Tasmanian School of Business and Economics also provides access to industry placements and internships, enhancing your employability.

- Employment Stats and Salary Figures: Graduates from the Master of Professional Accounting program have a high employment rate, with many securing positions within six months of graduation. The average salary for accounting professionals in Australia is around AUD 70,000, with potential for growth as you gain experience.

- University–Industry Partnerships: The University has established strong partnerships with leading firms such as Deloitte and PwC, providing students with opportunities for internships, guest lectures, and real-world projects that enhance learning and employability.

- Long-term Accreditation Value: The program is accredited by CPA Australia and CA ANZ, ensuring that your qualification is recognized and respected in the industry, which can significantly enhance your career prospects.

- Graduation Outcomes: Graduates of the program have gone on to work in diverse sectors, including finance, government, and non-profit organizations, often advancing to senior roles within a few years.

Further Academic Progression: After completing the Master of Professional Accounting, you may choose to further your studies by pursuing a PhD in Accounting or a related field, which can open doors to academic positions or advanced research roles. Additionally, you can consider obtaining professional certifications such as CPA or CA, which can further enhance your qualifications and career trajectory.