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Master of Professional Accounting

The Master of Professional Accounting (MPA) consists of 12 prescribed units of study (without any electives) and includes a final ‘capstone’ subject Management and Leadership. The course prepares graduates for a professional accounting career. The carefully sequenced program of study provides an advanced body of knowledge, practical skills and real-world application to a range of contexts for the professional accountant.

The TIIS MPA meets the accreditation requirements for entry into one of the two major professional accounting bodies in Australia: CPA Australia and Chartered Accountants Australia and New Zealand (CAANZ).

MPA501: ACCOUNTING PRINCIPLES

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Reflect on 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. Examine accounting concepts and statutory requirements (including the Australian Accounting Standard Board’s Conceptual Framework for Financial Reporting and Australian and international accounting standards) that underpin accounting and reporting in the Australian environment.
4. Examine and evaluate different accounting methods, and explain possible motivations for the selection of method.
5. Employ financial ratios and comparative techniques to evaluate financial statements, to analyse firm performance, financial position and cash flow.
6. Articulate effectively and professionally the findings of an analysis of financial statements of a given organisation 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. Demonstrate a broad knowledge of the legal system and independently source relevant legal information to develop an understanding of key principles of Australian business and corporate law.
2. Identify legal issues and apply relevant laws to examine problems pertaining to businesses in an Australian setting.
3. Demonstrate knowledge of regulatory laws that apply to different types of companies; and explain how laws impact on factors such as the internal regulation of a company, directors' responsibilities and members' statutory remedies.
4. Apply knowledge of Australian business and corporate law to scenarios in order to reason and debate the key principles and reach a conclusion that can be defended under scrutiny of professionals and academics.
5. Articulate the identification, analysis and solutions to business legal problems in a professional manner, providing reasoned argument and justification for conclusions.

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 mathematics techniques such as capital budgeting to evaluate projects and make reasoned investment decisions.
4. Critically examine theories and models used in the consideration of leverage, cost of capital and capital structures and formulate and articulate logical arguments based on their application.
5. Explore and evaluate the concept of market efficiency and the different categories of market efficiency.

MPA505: CORPORATE ACCOUNTING

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe the nature of the corporate entity and critically examine the role of Australian Corporations Law in influencing the operation of companies and dictating their accounting disclosures.
2. Examine the concepts and statutory requirements including Australian and International Accounting Standards that underpin accounting and reporting in the Australian environment and apply them to prepare financial accounting reports for various forms of company structures.
3. Demonstrate knowledge of current international trends in key accounting areas and explain how these link to the technical framework applied to Australian reporting entities.
4. Employ technical skills and underlying accounting concepts to solve accounting problems when accounting for the commencement, acquisition and liquidation of companies.
5. Apply an advanced understanding of the conceptual framework and the complexities of factors such as shareholder equity, controlled entities, wholly owned subsidiaries and intra-group transactions to prepare consolidated financial statements.
6. Articulate to both accountants and non-accountants an explanation of the impact of ethical and cultural issues on the preparation and reporting of financial statements for corporate structures.

MPA506: ACCOUNTING INFORMATION SYSTEMS

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe the role of Information Technology in contemporary business organisations; and demonstrate knowledge of the applications of computer-based accounting finance systems.
2. Identify different approaches to the development and implementation of Accounting Information Systems and explain how they aid managerial decision making processes and the efficiency and effectiveness of business processes.
3. Employ relevant software for accounting and financial analysis and reporting.
4. Critically examine issues of security, privacy and ethics associated with the use of Information Systems and clearly communicate an analysis and evaluation of the level of risk facing business organisations.
5. Explore the risk of fraud and examine the techniques used to mitigate fraud; and explain how internal controls and risk management are used to maintain the security and integrity of information and processing.
6. Evaluate Accounting Information System tools in terms of adding value and supporting decision-making and apply the basic steps in system development to design and improve on a system.

MPA507: MANAGEMENT ACCOUNTING

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe the nature of management accounting and explain its role in the planning, control and decision making activities of contemporary organisations.
2. Prepare, analyse and critically evaluate information needed to assist management decision-making in areas of costing and cost management, budgeting and performance evaluation.
3. Explain the manner in which management accounting decisions impact upon both internal and external stakeholders and shape an organisation over time.
4. Assess an organisation's management accounting information system relative to its goals, strategies, operations and business environment.
5. Employ critical thinking skills and apply knowledge of management accounting concepts to evaluate the consequences of alternative management accounting practices for costing, planning and control on an organisation's business performance.

MPA508: BUSINESS STATISTICS AND RESEARCH

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Explain the principles and methods used for extracting key information from data and examine the value of statistical analysis in business decision-making settings.
2. Design a statistical analysis by applying the principles of hypothesis testing and employing a range of quantitative techniques.
3. Apply knowledge of analytical strategies including: graphical depictions of data; numerical descriptive measures; concept of probability; inferences drawn from sample data; and the interpretation of linear relationships.
4. Employ the tools of Microsoft Excel for statistical data analysis.
5. Identify appropriate research methodologies (both qualitative and quantitative) to solve given problems encountered in business settings and effectively communicate the results of the analysis.

MPA509: CONTEMPORARY ACCOUNTING THEORY RESEARCH AND PRACTICE

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe the theoretical framework of financial reporting and its regulation and review alternative models of financial reporting.
2. Critically examine accounting theories and analyse their impact on public policy.
3. Critically analyse relevant and contemporary scholarly accounting research papers.
4. Engage in individual and team activities to examine corporate social responsibilities and review social and environmental reporting.
5. Employ effective communication skills to discuss, debate and express opinions on current global academic and professional controversies and issues such as the politicization of accounting.
6. Explain the importance of effective corporate governance to organisations and identify, research and analyse issues relating to the convergence of accounting and corporate governance.
7. Apply their knowledge of research methods to undertake an in-depth investigation of a contemporary accounting or business issue.
8. Apply an integration of professional accounting technical skills and theoretical knowledge to demonstrate the capacity to exercise judgment in decision-making.

MPA510: AUDITING AND ASSURANCE SERVICES

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe the key concepts of auditing and identify the practical elements involved in the audit process.
2. Critically examine the ethical and legal responsibilities of the auditor and establish the professional obligations integral to performing an audit and arriving at an audit opinion, with particular reference to the Australian context.
3. Apply techniques used by an auditor including: risk analysis, evidence collection, use of information technology, evaluation of evidence and audit reporting.
4. Employ critical thinking skills and apply knowledge of theory and technical principles to identify problems, analyse processes and justify evaluations of audit situations and case studies.
5. Apply Australian Auditing and Assurance Standards and Professional and Ethical Standards to perform the audit and assurance function in an Australian context.
6. Examine the importance of the audit process to the quality of financial statements and identify the integral role played by the auditor in corporate governance.
7. Critically examine and discuss contemporary audit issues and challenges; review the impact of these on aspects of auditing such as internal controls, inherent risks and audit evidence.

MPA511: TAXATION LAW

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Describe the nature of the Australian taxation system from a broad public policy perspective.
2. Demonstrate the ability to apply relevant elements of Australian taxation law for both individuals and business.
3. Interpret the provisions of the Income Tax Assessment Act, determine their impact on particular financial transactions, and prepare a written statement of advice to a taxpayer.
4. Calculate the tax liability for individuals, partnerships, trusts and companies, having identified and evaluated the different tax treatment relevant to particular entities under taxation law.
5. Research and analyse relevant material from tax legislation case law, and Australian Taxation Office rulings to critically discuss contemporary tax issues.

MPA512: MANAGEMENT AND LEADERSHIP

Learning outcomes for subject:
On successful completion of this subject students will be able to:
1. Analyse the conditions and forces in contemporary society that impact on leaders and managers.
2. Critique selected frameworks, theories and concepts relevant to leadership and management in contemporary organisations.
3. Consider personal strategies and practices in the light of these contemporary critiques.
4. Develop a coherent and integrated framework for the management and implementation of change that incorporates the specific needs and requirements of an organisation.
5. Select appropriate leadership and management strategies and practices for the development of a learning organisation.
6. Analyse leadership and management problems from corporate, social, cultural and ethical perspectives.
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