Everything about Master of Professional Accounting in Australia



If you want to know everything about the Master of Professional Accounting Course, then you have landed on the right article. 

Basically, the Master of Professional Accounting (MPA) is a professional degree that accords students with the necessary skills and knowledge to become Australian auditors and accountants. The program covers professional accounting areas of discipline such as management accounting, audit practice, financial accounting, and taxation. Other courses include ethics, corporate governance, and an international course module. 

What is Professional Accounting?

Going by definition, professional accounting is the practice of helping organizations to manage their affairs by providing timely and accurate financial information. The entire process covers aspects of accounting from preparing financial statements, audits, and conducting financial analysis for businesses. 

Not only that, it is required that professional accountants adhere to some set of ethical principles and regulations guiding their profession. They are also required to have a good knowledge of business management as well as taxation.  

Benefits of Acquiring a Master of Professional Accounting

There are so many benefits attached to being a professional accountant. Some of the benefits are discussed in the nest subheadings. 

Increased Job Prospects

Acquiring a Master of Professional Accounting makes you to get increase job prospects irrespective of your current level in your accounting career. As with any other professional certification, employers tend to value accountants that are certified as Master of Professional Accounting. 

Greater Expertise

As a Master of Professional Accounting fellow, your expertise in the field is significantly increased. This is because MPA is the highest level of accounting certification. With this, you will be able to better advise your clients on financial matters as a professional not just a mere accountant. 

Improved Productivity

With an MPA, your productivity as an accountant is greatly improved. You will be able to get new insights on new accounting methods and techniques for conducting accounting analysis with this degree. In the end, you can be able to streamline your work process easily. 

Increased Knowledge Base

When you go for a professional certification course, high chances are that your knowledge base increases. The MPA curriculum gives you an opportunity to understand accounting theory and practice in-depth. Hence, you will be able to offer more thoughtful and professional advice to clients, thereby broadening your professional development opportunities. 

Eligible Criteria to Study Master of Professional Accounting in Australia

Let us examine the eligibility criteria for Master of Professional Accounting course in Australia. The following are the eligibility criteria: 

  • A bachelor’s degree in accounting or business administration from a recognized institution of learning.
  • At least three years full-time working experience as an accountant 
  • Possession of a valid CA or CPA license. 
  • Obtain a pass grade for the Master of Professional Accounting (MPA) examination. The exam is offered by the Australian Institute of Chartered Accountants (AICPA)

Courses Offered in Master of Professional Accounting in Australia

The MPA program in Australia is accredited by the American Accounting Association (AAA). Programs run by this body provide students with the knowledge and skill required by the accounting profession. 

Below are the list of courses offered in the MPA program: 

  • Financial Accounting
  • Taxation
  • Auditing and Assurance Services
  • Management Accounting
  • Business Analytics
  • Contemporary Issues in Business
  • Research Methodologies for Accounting Professionals
  • Management Information Systems

Top Universities Offering Master of Professional Accounting

A number of Universities in Australia offer the MPA program. Some of the top notable Universities include the following: 

University of Melbourne

The University of Melbourne is an age-long Australian University and has a long history of graduating highly skilled professionals. It offers the Master of Professional Accounting Program. The program meets he standard requirement, as evidenced by its accreditation by AACSB. 

University of Queensland

Another notable Australia university that offers the MPA program is the University of Queensland. The University has built a strong reputation for quality teaching. 

The accounting program is accredited by AACSB. University of Queensland allows students the flexibility of choosing either to attend the program online or using face-to-face modules. It is all up to the student to choose what format is best suitable.  

Monash University

With over 50,000 students enrolled in different campuses, Monash University is sure one of Australia’s largest universities. It is known for offering the Master of Professional Accounting program which is accredited by AACSB. The program is run both online and face-to-face. 

Western Sydney University

This is a relatively new university that has quickly gotten reputation and is now becoming one of Australia’s leading universities. It is another institution that offers the MPA program. Through the program, students are equipped with the skills necessary to become certified financial analysts. 

Also, with Western Sydney University’s MPA program, students are garnered with opportunities to acquire valuable experience in the accounting industry.  

Australian National University

The Australian National University (ANU) offers MA in Professional accounting which equips students with an overview of what professional accounting theory and practice is all about. The program consists of several unique features, in addition to the professional program.  

Average Tuition Fee for MPA Program 

The fees for the Master of Professional Accounting (MPA) program varies by location and the type of the program offered. Some locations charge low, while other fees are significantly higher. For instance, Melbourne tuition fee for the MPA in program is AU$45,000 annually while in Sydney, the fee is AU$67,500 per year. 

The fees for the MPA program in other cities are also different. The range of the fees in other cities is around AU$60,000 per year. 

Some Notable MPA Alumni in Australia

It is not ok to end the discussion on the Master of Professional Accounting program without considering some of the notable alumni of the program. So let’s take a look at some of them with their brief profiles. 

Tony Bartlett

Dr. Bartlett is a renowned accountant and business executive and has held various positions as a senior executive in some of Australia’s largest companies.  Currently, he is the Chairman and Chief Executive Officer (CEO) of Treasury Corporation Ltd., a large government-owned corporation in Australia. 

Michael Chaney

Another prominent alumnus of the MPA program Australia is Mr. Michael Chaney. He is a well renowned investor, business mogul, and philanthropist. He has been a major steering gear and pivotal to the development of many businesses in Australia. 

Michael is the founder of Westfield Group, a large Australian property development firm.

David Gonski

Dr. David Gonski is the chairperson emeritus at Sydney University. Formerly, he was a cabinet minister in the Australian government. He is also a well-known educator.