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Graduate Certificate in Professional Accounting

The Graduate Certificate in Professional Accounting (GCPA) is a four subject, one trimester award, nested within the MPA. The GCPA can be used as an entry and/or exit qualification. Conceptually, the GCPA has been developed to provide graduates with the capacity to operate in a narrower range of business environments. The degree of independence will be more limited and the scope of activity constrained. GCPA graduates will manage business problems and provide advice in more restricted professional contexts. Typically they work under the supervision of a CPA.

For local students, the GCPA provides the opportunity for experienced paraprofessionals with further education (or similar) qualifications in accounting or a closely allied area, to enter into higher education at the graduate level. In this context the GCPA is deemed a TIIS pathway program.

For international students, the GCPA also provides a short-term professional development opportunity and a graduate award exit point. However, it may also afford entry for those students whose undergraduate degrees do not meet the required standards for automatic entry. This entry point will be determined on a case-by-case basis.

For students who are enrolled in the MPA and choose to exit, or fail to satisfy course requirements, the satisfactory completion of the four subject GCPA provides those students with the option of receiving a formal graduate level qualification.

All students who satisfactorily complete the academic requirements for the GCPA will be granted automatic entry into the MPA.

The four subjects comprising the GCPA are outlined below:

MPA501: ACCOUNTING PRINCIPLES

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Establish the purpose and importance of accounting; identify key users and uses of accounting information; and explain why accounting has a significant impact on business, social and ethical decisions.
2. Identify, record, and process business transactions in the accounting system, and prepare financial statements to reflect financial performance, financial position and cash flows.
3. Apply accounting principles, concepts and relevant accounting standards to prepare financial statements and reports.
4. Examine and evaluate different accounting methods and explain possible motivations for the selection of an appropriate method.
5. Employ financial ratios to evaluate a firm’s performance, financial position, and cash flow situation.
6. Articulate effectively and professionally the findings of an analysis of ratios in a group report.

MPA502: BUSINESS AND COMPANY LAW

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Critically examine the foundations of Australian company law.
2. Critically discuss and apply contract and tort law in business circumstances.
3. Critically analyse the concept of corporate internal rules and management.
4. Critically discuss and apply the legal framework that regulates a company’s dealings with outsiders.
5. Analyse the interaction between members’ rights, directors’ duties and corporate governance.
6. Analyse the procedures regarding external administration and winding up.

MPA503: ECONOMICS FOR BUSINESS

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe key microeconomic and macroeconomic concepts and theories.
2. Apply knowledge of microeconomic models and examine how the interplay between cost and demand fundamentals determines profit-maximising decisions in the commercial world.
3. Explain the manner in which macroeconomic concepts such as fiscal and monetary policy, business cycles, international trade and balance of payments determine overall levels of production and employment in the economy.
4. Analyse real world examples such as the Global Financial Crisis to evaluate the effect of government interventions in shaping market structures and distribution of value in the international sphere.
5. Explore current global and ethical issues and events through critical reading of economic literature, including media articles; and apply economic models and theories to review and formulate arguments concerning these issues.

MPA504: BUSINESS FINANCE

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Explain the fundamentals of financial objectives and decision-making in the contemporary business environment.
2. Apply knowledge of the principles of financial markets, capital management and time value of money.
3. Employ financial mathematical techniques (e.g. capital budgeting) to evaluate projects and make well-reasoned investment decisions.
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5. Explore the concept of market efficiency and the different types and implications of efficient market theory (EMF).