Master of Accounting

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Delivered by the Victoria Graduate School of Business (VGSB), VU's Master of Accounting offers a choice of three streams of study:  

  • Professional Qualification: for those who do not hold an accounting degree. Qualifies you as an accountant and satisfies the educational requirements for Associate Membership of The Professional Accounting Bodies
  • Professional Accounting Education: for those with an undergraduate or postgraduate degree in accounting who want choice of subjects for their continuing professional education
  • Certified Practicing Accountant (CPA): for those with a professionally recognised accounting qualification who wish to complete their educational requirement for CPA status within a Masters program.

The Master of Accounting is professionally recognised with accreditation from CPA Australia and the Institute of Chartered Accountants in Australia.

Exemptions are available for completed units in the CPA Foundation and Professional Programs and The ICAA Chartered Accountants Progam. Please contact the course co ordinator for further details.

Course essentials


This course equips you for a career in accounting and/or finance.

Study pathways

Transferring to VU

You can get credit in the Master of Accounting (BMAC) for study you have done at other universities. We have formal credit transfer arrangements for this course with the following universities

Asia Pacific International College

  • If you studied the Master of Business Management you may get up to half a year of credit.

To find out more about the pathways available for this course, please contact the College of Business.

Advanced Standing (previously known as Recognition of Prior Learning)

Get credit for your work, study and life experience through our Advanced Standing process.

Find out more about Advanced Standing.

Course objectives

On successful completion of this course, working independently or in collaborative groups, graduates will be able to:

  1. Critically reflect upon theoretical approaches and analyse their application to achieve effective accounting practice.
  2. Justify and interpret theoretical propositions and related bodies of knowledge to critically evaluate the resolution of business problems and make recommendations/recommend actions in authentic/contemporary business settings
  3. Critically apply cross disciplinary knowledge in decision making with creativity for emerging professional accounting contexts.
  4. Demonstrate accountability in autonomous and collaborative judgements and innovative strategic thinking in response to contemporary and future business/ accounting/ professional challenges
  5. Work as a reflective practitioner to formulate, implement and evaluate industry- specific investigations to resolve complex professional problems and inform management decision making
  6. Communicate effectively to specialist and non- specialist audiences including multi-disciplinary teams, diverse cultural communities and business and other professional organisations
  7. Exemplify initiative and inspirational leadership in a dynamic 21st century work environment, acting consistently, ethically and socially responsibly
  8. Plan and execute a substantial research based project or evidence-based capstone activity - informing effective accounting practice to generate and evaluate complex ideas and concepts at abstract and practical levels.

Units and electives

To attain the award of Master of Accounting, students must successfully complete the following:

  • 24 credit points (equivalent to 2 units) foundation units
  • 84 credit points (equivalent to 7 units) specialisation units

Plus either / or


  • 12 credit points (equivalent to 1 unit) minor thesis unit; and,
  • 24 credit points (equivalent to 2 units) thesis unit.


  • 12 credit points (equivalent to 1 unit) capstone unit; and,
  • 24 credit points (equivalent to 2 units) elective units. Students to select from any postgraduate units from the list below (subject to availability). Please check any pre-requisite requirements prior to enrolling.

Year 1, Semester 1

Year 1, Semester 2





12 credit points (equivalent to 1 unit) elective unit. Students to select from any postgraduate units from the list below (subject to availability). Please check any pre-requisite requirements prior to enrolling.

Year 2, Semester 1






12 credit points (equivalent to 1 unit) elective unit. Students to select from any postgraduate units from the list below (subject to availability). Please check any pre-requisite requirements prior to enrolling.

Elective units

Subject to availability. Please check any pre-requisite requirements prior to enrolling.

Admission information

  • International: In addition to the requirements for mature age admissions listed below, international applicants must have a minimum proficiency in the English language as demonstrated by: International English Language Testing System overall score of 6.5 and no individual band score less than 6 or equivalent.
  • Mature: To qualify for admission to the course an applicant must have completed an accounting AFQ7 degree

How to apply for this course

Apply direct to VU

Direct applications close on 28 November 2014.

Before applying:

Note that campus locations may offer different options (e.g. study mode, fee type). You may wish to review:

  • The course index to confirm the study options available at each location.
  • Advice to applicants which provides information about how to apply for your course and what happens when you submit your application.

Also consider whether you wish to apply for:

  • Special consideration: For people with specific life circumstances, you can request these be taken into consideration when assessing your course application.
  • Extra credit for past skills and study (this is known as 'Advanced standing').

When you're ready:

Apply direct to VU

You will need to create an account (or use your existing VU one).

You'll be able to submit applications for one or more courses and track the progress of these whenever you like.

After you apply:

It is important that you check emails from us (remember to also look in the Spam folder) and complete any requests for information by the given dates, otherwise your application may not be considered.

Transferring between VU courses

Want to swap into this course from another VU course? You can apply online at the Admissions centre .

Remember it’s best to be accepted into your new course before withdrawing from your current course.

You can also contact us directly:

  • Ring us on +61 3 9919 6100
  • Find answers and ask questions at GOTOVU

Enquire now

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At Victoria University, we make every reasonable effort to make sure the information displayed online about our courses is accurate and complete. We continually look to provide innovative courses. Those courses are shaped by a number of things including your feedback and changes in Government funding arrangements. As a result there may be changes to the courses we deliver and fees charged. We will update the website regularly to reflect any changes.

Information about course fees, articulation and credit transfer, recognition of prior learning, admission and enrolment procedures, examinations, and services available to students can be accessed on the University’s website or by contacting the University directly on +61 3 9919 6100.