Professional Accounting

Table of postgraduate units of study: Professional Accounting

The information below details the unit of study descriptions for the units listed in the Table of postgraduate units of study: Professional Accounting.

Unit outlines will be available through Find a unit outline two weeks before the first day of teaching for 1000-level and 5000-level units, or one week before the first day of teaching for all other units.
 

Professional Accounting

Master of Professional Accounting

Students must complete 96 credit points in units of study, comprising:
(i) 84 credit points in core units in study, which includes:
(a) 42 credit points in foundation core units of study
(b) 36 credit points in advanced core units of study
(c) a 6 credit point capstone unit of study; and
(ii) 12 credit points in elective units of study.

Units of study for the degree

Core units of study
(a) Foundation
BUSS5080 and ACCT5001 must be completed in the first semester of study.
ACCT5001 Foundation in Accounting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
As the 'language of business', accounting provides decision makers with relevant and reliable financial information. Accounting information helps investors to decide whether to buy, hold or sell shares in a company. Financial institutions like banks rely upon accounting information to make lending decisions. Business analysts use accounting information to assess whether a company is outperforming its competitors. This unit provides students with the skills and knowledge required to analyse and record business transactions, to prepare financial statements, to communicate financial information to decision makers, and to evaluate the financial performance and financial position of business organisations to make relevant decisions. The unit enables students to develop the core analytical, communication, collaboration, and management skills needed to succeed in an increasingly digital and data driven society. It also develops awareness of broader business, social, and ethical issues through tutorial problem-solving exercises and small group discussions, interactive case assignments, and additional online learning materials. The accounting knowledge and the interpersonal skills gained from this unit play an important role in students’ future careers in accounting, finance, data analytics, management, and beyond.
BUSS5080 Succeeding in the Accounting Profession

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This compulsory foundation unit is designed to help students develop personal and interpersonal skills. These fundamental professional skills will allow students to effectively work with and through others and are important for career success. Through a series of readings, lectures, assessments, and experiential exercises, this unit provides students with useful frameworks and research-based insights on effective organisational behaviours. Topics such as effective communication, self-management, working with others, leadership, influence, decision making, and more are discussed. Upon completion of this unit, students will have gained valuable knowledge and practical skills that will aid their professional development.
BUSS5001 Firms, Markets and Business Management

Credit points: 6 Session: Intensive February,Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prohibitions: ECON5001 or ECON5002 or ECON5003 or ECOF5010 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides students with the tools to understand the impact of economic, socio-cultural, institutional, and technological factors on businesses' operations. Such considerations are crucial for understanding how businesses make decisions and interact in the marketplace. The first part of the unit provides an introduction to macroeconomic and microeconomic analysis and applications. In macroeconomics, we consider determination of the aggregate level of economic activity (GDP and inflation), the economic effects of government policies, and the link between interest rates and exchange rates and the level of economic activity. In microeconomics, we look at economic decision-making by individuals and firms and the determination of prices in different kinds of markets. The next part of the unit investigates wages, as well as the social, cultural, political, and technological environments in which firms operate. It examines theories, models and conceptual tools that help us understand and make decisions in relation to these factors. The unit is complemented by developing an understanding of the complexity of professional behaviour and ethical decision making.
CLAW5001 Legal Environment of Business

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
All business conduct is regulated by the law. Every transaction and every relationship is governed by an increasingly complex mix of statutory and judge-made laws. The ability to identify and manage legal risks, and knowledge of compliance and dispute resolution strategies, are essential business management skills. This unit examines the legal framework and regulatory regime within which all businesses operate in Australia and in a global economy. It introduces students to the legal implications of commercial conduct and provides an overview of the Australian legal system and threshold legal concepts of agreement, ownership, and civil and criminal liability. Key areas of substantive business law are examined including contracts, torts (in particular negligence and the economic torts), property and securities, and crime. The unit also provides students with an overview of areas of legal regulation with an increasingly significant impact on business operations including: privacy, intellectual property rights, competition law, consumer law (in particular advertising regulation, product liability and unfair contracts), misleading conduct and unconscionable conduct.
FINC5001 Foundation in Finance

Credit points: 6 Session: Intensive February,Intensive July,Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit introduces foundational concepts in capital markets and corporate finance, equipping students for further studies in the discipline. The firm and the role of financial institutions are explored before developing important skills in financial mathematics. The unit then moves to the valuation of tradable securities and their pricing in the capital markets. The decisions firms make around capital structure and payout policy are studied. The unit concludes with an exploration of information and market efficiency. The tools of finance allow decision makers to navigate risk and uncertainty.
INFS5000 Accounting Information Systems

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Accountants are extensive users of business information systems (BIS). They also play a critical advisory and managerial role in relation to the design, adoption, evaluation and assurance of BIS to ensure that information and systems are properly governed, used ethically and contribute to business value. This unit provides an introduction to current and emerging information technologies (IT) that support and enable business processes, information management, decision-making and reporting of critical business information in accounting. In addition, associated governance, risk and compliance challenges are explored. Relationships between business processes and accounting information systems are examined to develop an understanding of the complex and changing business information environment from the perspective of different stakeholders. Students also learn how to use tools, frameworks and models that assist in identifying opportunities for business value creation through innovative applications of various BIS and managing business information, processes and systems to ensure that strategies and service providers meet business needs.
QBUS5002 Quantitative Methods for Accounting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prohibitions: ECMT5001 or QBUS5001 Assumed knowledge: Students should be capable of reading data in tabulated form, working with Microsoft EXCEL, and doing High School level of mathematics Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Accountants in the workplace need to be familiar with effective techniques for dealing with business data. This unit uses spreadsheet tools and accounting examples to introduce the most important data analysis methods. The unit helps students understand variability and detect when a variation is random and when something significant is going on. This unit also enables students to uncover the relationships between variables that can be hidden in business data. Students learn how to look at accounting data and use it to forecast business performance. Students are also given examples of the misuse of statistics in an accounting context. The unit is taught through data-driven examples, exercises and business case studies.
(b) Advanced
ACCT6001 Intermediate Financial Reporting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides an understanding of the contemporary Australian financial reporting environment. Particular attention is paid to accounting theory and concepts, mandatory reporting practices and reporting policies that reflect either a choice from among several mandated alternatives, or those areas where regulation has not occurred. The unit is intended for those who will be involved in the preparation or use of company financial statements. The unit provides an understanding of accounting techniques, both in terms of technical method and their relative impact on a corporation's financial statements. The emphasis throughout is on both the 'techniques' and the related explanations for their use.
ACCT6007 Contemporary Issues in Auditing

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT6001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
The focus of this unit is the development of knowledge and understanding of the key elements of the 'corporate financial report' audit process with particular reference to Australian Auditing Standards. Auditor's duties and responsibilities are considered before moving to planning the audit, performing the audit and arriving at an audit opinion. Students are exposed to the techniques used by auditors in carrying out audit procedures and evaluating audit evidence. Students are expected to further develop their critical thinking skills through applying technical audit principles to real-world auditing problems and corporate case studies. Students develop an appreciation for the essential role the auditor and the audit function play in enhancing the quality of financial statements and corporate governance. In this context, the unit critically examines contemporary audit issues, recent audit headlines and challenges faced by the audit profession in the Australian and global environment.
ACCT6008 Managerial Accounting and Decision Making

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT5001 Prohibitions: ACCT5002 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit introduces the context and processes of managerial accounting, with financial and non-financial information literacy to inform both understanding and application of key managerial accounting techniques. Critical business career skills of ethical behaviour in difficult situations, collaboration, problem solving, time management, persuasive communication and following instructions are fostered across the areas of cost accounting, business performance, and strategic value creation in management accounting. Through weekly 'business practicals', students get real-world like experience in addressing practical managerial accounting issues in organisational contexts. Students become familiar with the many kinds of managerial accounting decisions concerning the techniques, benefits and risks of accounting frameworks chosen. The unit is completed with a capstone case study which consolidates learning and allows students to use their new knowledge and skills gained in identifying and addressing operational and strategic issues facing organisations concerning competition, innovation and government regulation.
ACCT6010 Advanced Financial Reporting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT6001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides students with a detailed understanding of more complex financial reporting issues. Topics examined include: group accounting issues such as the practical application of the control test; multiple subsidiaries; non-controlling interest; foreign currency translation; consolidated cash flow reporting; segment reporting; accounting for joint arrangements and associates; and related party disclosures. The unit builds on the knowledge base acquired from earlier accounting units with a strong emphasis on the application of technical skills. The unit has a substantial case component, using current examples to illustrate both appropriate technical solutions in accordance with accounting standards and guidelines, as well as the forces which determine the choice of methods. The unit also provides students with an awareness of relevant research to assist in an understanding of both current debates and accounting choices. This unit helps develop students' ability to read and analyse financial reports and to understand the financial reporting implications of management decisions relating to internal reporting and organisational structure.
CLAW6002 Corporate Structures in Practice

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: CLAW5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
The corporation is the dominant structure adopted for business undertakings globally. This unit aims to demystify corporate regulation and its impact in the contemporary commercial context with a view to introducing students to the types of issues they will encounter in the real world of corporations. The unit reviews business structures (joint ventures, partnerships, trusts and companies) from a business perspective with a focus on the corporate form. The unit also examines the different options available for the conduct of businesses and the different stages of the corporate life cycle, including: how corporations are brought into existence and the characteristics attained upon incorporation; how corporations undertake certain activities (including entry into contracts, fundraising, issuing shares, paying dividends); how corporations are managed and power is distributed between participants, how the law places certain duties and obligations upon those who manage corporations; the consequences which may result from any breach of those duties and obligations; and managing corporations in financial distress, liquidation and de-registration. It takes an application-based approach which gives the unit a practical as opposed to theoretical orientation. Current issues in corporate regulation in Australia and internationally are discussed to provide students with an understanding of the types of issues which confront different types of corporations, and how these issues impact upon their management and the discharge of corporate responsibility.
CLAW6026 Taxation Law and Practice

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: CLAW5001 Prohibitions: CLAW5002 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Taxation is an inevitable reality for all individuals and businesses. The impact of taxation on business structures, transactions and decisions is both real and significant. An understanding of how taxation law works is not only vitally important for professional accountants but is also an essential management skill in an increasingly complex business environment. This unit introduces students to the principal forms of taxation within the Australian taxation system with a focus on concepts and principles of income tax law. Students also learn how tax law is applied in practice. This unit covers key concepts of taxation in Australia (including the concepts of income, capital gains tax, deductions, and the residence and source principles) and examines the taxation of different entities (including partnerships, trusts and companies). The taxation of international business transactions is also considered.
(c) Capstone
The capstone unit must be completed in the final semester of study.
ACCT6120 Corporate Governance and Accountability

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT6010 Assumed knowledge: CLAW5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Corporate governance has been defined as "the system by which companies are directed and controlled" (Cadbury 1992). As the capstone unit for the MPACC, this unit assures the learning from prior management accounting, audit, financial reporting and analysis units by exploring how accounting information is used (and at times abused) in enabling corporate governance and accountability. The unit introduces students to key theories which are drawn upon to understand corporate governance: agency, stakeholder and stewardship theories. It then explores the central relationships and practices upon which effective governance depends; relationships between a CEO and directors, the board and its risk, audit, remuneration and nominations sub-committees, board members and their external auditors and other advisers, and relationships between the board, financial analysts, investors and shareholders. While these issues are generally explored in the context of the Anglo-American system of corporate governance which privileges the interests of shareholders, the unit also explores alternative systems of corporate governance in a transitional economy, principally that of China. Wider issues of corporate social responsibility in relation to the globalisation of product and capital markets, as well as climate change, are also examined. As an integral part of their learning experience and assessment, students are required to present an internationally focussed case study that is updated as they progress through the range of topics explored in the unit.
Elective units of study
ACCT6002 International Accounting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/unit Prerequisites: ACCT5001 Assumed knowledge: Accounting standards and their application Assessment: Refer to the unit of study outline https://www.sydney.edu.au/unit
Many of the topics in an international accounting unit have a domestic counterpart. However, new factors and complications arise in the international arena. Some of these are (1) diversity of laws, practices, customs, cultures, and competitive circumstances; and (2) risks associated with fluctuating exchange rates, differential rates of inflation, and unstable property rights. International accounting discusses issues from the perspective of companies that have internationalised their finance and/or their operations. It has a comparative aspect, comparing accounting across countries. It deals with corporate reporting and disclosure across national boundaries. It also deals with the harmonisation of the worldwide diversity in financial reporting, in particular, convergence around International Financial Reporting Standards. It discusses consolidation issues that arise from multinational operations.
ACCT6003 Fundamental Analysis for Equity Investment

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT5001 and FINC5001 Assumed knowledge: QBUS5001 or QBUS5002 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit develops a framework of fundamental analysis for equity investment in publicly traded companies. The first part of the unit deals with the analysis of financial statement information, complemented with other sources of information such as business strategy, industry prospects and key macroeconomic effects. Emphasis is on the analysis of earnings quality and accounting-based valuation methods. The second part of the unit applies fundamental analysis in the appraisal of equity investment, and the effect of credit evaluation and risk analysis, as well as the valuation for takeovers. The unit also covers the impact on equity valuation from inherent behavioural patterns in informing investment decisions.
ACCT6006 Advanced Managerial Accounting

This unit of study is not available in 2022

Credit points: 6 Session: Semester 1 Classes: 1 x 3hr class per week Prerequisites: ACCT5002 Assessment: seminar assignments (10%), assignments (25%), seminar contribution (15%), final examination (50%)
This unit examines a number of advanced topics in managerial accounting as they relate to the use of key analytic and calculative techniques for decision making and value creation. Topics are biased towards those that are relevant and even contentious to contemporary practice and include: the potential inconsistencies between management accounting and strategic decision making and control; executive compensation and reward systems; ethical issues in budget setting and performance management; the theory of the firm and outsourcing; issues in managing joint ventures and strategic alliances; performance measurement systems; decentralisation and transfer pricing, and innovation and change in management accounting practice. An overview of each topic area is provided before exploring the topics more deeply by examining current research and/or working through case studies to provide insights into contemporary business practice.
ACCT6015 Extended Performance Reporting

Credit points: 6 Session: Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit reviews issues associated with sustainability reporting models which have been practised in the last decade and highlights current and possible future issues. These new reporting models claim to enhance understanding of organisational performance to a variety of stakeholders and are based on new performance measurement technologies that arguably improve decision making. This unit of study is designed to provide a critical analysis of the issues surrounding organisation performance and explores the key underlying issues associated with the emergence of these new reporting models. The unit looks at how the reporting of economic and non-economic performance enables private, public and third sector organisations to provide an account of their value creation and sustainability performance. The unit also explores the perspectives of significant bodies of research on reporting value-creating activities and non-economic performance.
ACCT6019 Analytics for Accounting

Credit points: 6 Session: Semester 1 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: (ACCT5002 or ACCT6008) and ACCT6001 and QBUS5002 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides an overview of data analytics for accounting. This unit considers how the mega-trend of Big Data, artificial intelligence and deep learning is impacting and shaping current accounting based data for business analysis and decision support, financial reporting, and auditing practices and their likely impact on future practices. This UoS also explores how data analytic applications and techniques are currently used in accounting practice; and the potential of these techniques to shape future practices in specific areas such as accounting measurement and forecasting, audit sampling the timing and frequency of reporting (as examples) and even the substitution of accounting information for decision support purposes.
BUSS6104 Business Practicum

Credit points: 6 Session: Intensive July,Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assumed knowledge: A sound understanding of business and strong written and oral communication skills Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
The Business Practicum offers students an opportunity to interact with a sponsor organisation (e.g., corporate, SME, NFP, government) while working on a project provided by it that requires a specific outcome by the end of the semester. The project examines the sponsor's current activities, challenges and future aspirations. While undertaking the unit, participants research the issues presented by the project and determine its scope and key deliverables in consultation with the sponsor. This process enables students to apply theoretical knowledge learned in class, where it is useful, and critically analyse data found during research to provide possible solutions to the problems identified. The final stage is communicating the key outcomes via a written report to the sponsor at the end of the project. Additionally, for the duration of the project, students are expected to reflect on how they have developed as an individual and as part of a team as a means of developing a professional identity that highlights their distinctive self and to consider their own personal employment strategies while building professional networks.
BUSS6105 Leading in a Post-Crisis World

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prohibitions: BUSS6103 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit focuses on developing and applying leadership skills in a post-crisis world. Students utilise a transdisciplinary portfolio approach instead of a week to week delivery model. Each sequence of four weeks focuses on key transdisciplinary skills sets explored through the frames of recovering, rebuilding and reimagining industries, sectors, companies and innovation. These are delivered by a series of micro-lessons and interactive discussions between academics and practitioners each week.
BUSS6500 Industry Placement

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: Completion of at least 24 credit points with a minimum average of 60% (WAM) Prohibitions: ECOF6500 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Note: Department permission required for enrolment
Note: Permission is required to enrol in this unit. Further information and application process is outlined at https://sydney.edu.au/students/placement-internship-opportunities.html or contact the WIL Hub Placement team: business.placements@sydney.edu.au.
This unit is available to outstanding students completing the Master of Commerce, Master of Human Resource Management and Industrial Relations, Master of Logistics and Supply Chain Management, and Master of Professional Accounting programs. It involves a professional placement with a business, government, or non-government organisation. It includes preparatory coursework in reflective, professional practice and report writing. Assessment includes a reflective journal and professional report and presentation based on the internship placement. Permission is required to enrol in this unit. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/industry_placement_program.
BUSS6506 China Industry Placement

Credit points: 6 Session: Intensive July Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: Completion of at least 24 credit points with a minimum average of 60% (WAM) Assumed knowledge: To enrol in this unit students must be Mandarin speakers and have the right to work in China Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Note: Department permission required for enrolment
Note: Permission is required to enrol in this unit. Further information and application process is outlined at https://sydney.edu.au/students/placement-internship-opportunities.html or contact the WIL Hub Placement team: business.placements@sydney.edu.au.
This unit is available to students accepted into the China Industry Placement Program while they undertake a professional placement with a business or a government organisation that has a particular focus on business interests. It includes preparatory coursework in reflective learning and professional practice. Assessments focus on reflective learning, employability skill development, professional practice and research. Permission is required to enrol in this unit. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/industry_placement_program
BUSS6514 Industry Self-Sourced Placement

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: Completion of at least 24 credit points Assumed knowledge: A sound understanding of business and strong written and oral communication skills Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Note: Further information and application process is outlined at https://sydney.edu.au/students/placement-internship-opportunities.html or contact the WIL Hub Placement team: business.placements@sydney.edu.au.
This unit is available to outstanding students and involves a self-sourced professional placement with a business, government, or non-government organisation. It includes preparatory coursework in reflection learning, professional practice and report writing.
BWIL6573 Job Smart Edge

Credit points: 6 Session: Intensive April,Intensive October Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prohibitions: BUSS6102 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Note: Department permission required for enrolmentin the following sessions:Intensive October
Note: Students need to be simultaneously enrolled in the Job Smart Edge co-curricular program.
The Job Smart Edge unit is designed to provide students with the employability skills and tools to work effectively in an organisation. The unit features a client project bootcamp jointly delivered by careers and employability practitioners and educators. The focus is on preparing students to successfully undertake industry-focused problem-solving work in diverse teams. The learning journey includes an intensive 2-week virtual Digital Industry Project with a real client, with pre- and post-project employability workshops to provide students with the skills, models and tools to allow them to navigate and secure further employability opportunities. Workshops cover learning how to plan a project, launch a project, ensure project engagement, wrap up a project and communicate about a project. The assessments are designed to assist students with setting personal, team and project goals, with working on a project challenge and preparing a report for a client, and with developing and reflecting on individual employability capabilities developed through the program (including innovative problem solving and interpersonal leadership skills). By the end of the unit it is expected that students will be more equipped and prepared to face the world of employment.
CLAW6031 International Financial Crime

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
International financial crime occupies a leading place on the international governance agenda. It has a devastating impact on national economies, international security and human development. This unit examines key international financial crimes such as investment fraud, corruption, tax evasion, money laundering and terrorist financing. Students gain an understanding of how these crimes are committed, detected and prosecuted. They analyse the changing regulatory environment and the new risks facing businesses and the professions. The role of bank secrecy and tax havens in facilitating financial crime is also studied. There is a special focus on the prevention of financial crime, and the regime for tracing, freezing and recovery of illicit assets. The unit draws on case studies from Australia, the United States, Europe and Asia so as to gain a better appreciation of the national and international responses to international financial crime.
FINC6001 Finance: Theory to Applications

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: FINC5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Note: Master of Commerce / Master of Commerce (Extension) students must complete this unit before the Capstone subject for this specialisation.
This unit builds on the fundamental concepts introduced in FINC5001 Foundation in Finance. The central theme in this unit is the allocation problem. Corporate investment, funds management, asset allocation and risk management all require machinery for making an allocation decision - and these decisions are often made by teams or committees. The unit begins with more advanced aspects of corporate finance leading to Excel-based applications. After considering some interesting issues in social finance and corporate governance, students study advanced bond and stock pricing models. With these techniques in hand, securities trading is then considered, and the challenges around selecting active fund managers. The unit then moves to asset management, where large pools of capital are deployed across a range of asset classes, from equity and fixed interest to private markets and commodities. After considering risk pooling and risk management, the unit finishes with a discussion of group decision making and negotiation.
FINC6013 International Business Finance

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: FINC5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
In our highly globalised and integrated world economy, understanding international dimensions of financial management is essential for businesses. This unit provides a greater understanding of the fundamental concepts and the tools necessary for effective financial decision making by business enterprises, within a global setting.
IBUS5003 Global Business

Credit points: 6 Session: Intensive February,Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prohibitions: IBUS5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides a foundation of the key concepts and practices of international business. Students gain knowledge on the factors that impact international managerial strategy. Through discussions of authoritative literature, case studies, and current issues, students learn to assess the opportunities and challenges of operating in a global environment. The unit emphasizes the development of analytical skills and competency of working in diverse teams and the global context.
IBUS6110 Managerial Cognition and Int'l Business

Credit points: 6 Session: Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit of study is structured to equip students with the concepts, tools and techniques to understand managerial cognition and how that can be leveraged to achieve competitive advantage in international business. The unit of study covers attention, heuristic and managerial capital to elaborate the role of managerial cognition in achieving competitive advantage in international business. The unit builds on understanding the concepts of global strategy taught in global business units and provides students an opportunity to advance their knowledge in application of strategic management in international business. The unit uses a variety of learning methods such as case discussion, role play and real life analysis.
INFS6012 Digital Information Infrastructures

Credit points: 6 Session: Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Corequisites: INFS5002 or COMP5206 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
The unit provides an overall introduction to the different components of digital information infrastructures in organisational contexts. This includes organisational enterprise systems architecture, legacy systems, enterprise systems, cloud infrastructure and enabling technologies such as blockchain, internet of things, or web services. Strategic managerial issues that arise from the implementation, use, and security management of information infrastructures and enterprise systems are also covered. The unit utilises a combination of practical sessions with Enterprise Systems, such as SAP, and case study analyses to build a deep understanding of relevant topics.
ITLS6501 Infrastructure Financing

Credit points: 6 Session: Intensive July Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Infrastructure is the backbone of every economy. Investment in infrastructure has the capacity to enhance productivity and generate growth, and has multiplier effects that are not only economic but also social and environmental. The cost of infrastructure projects, however, can be substantial and funding these projects represents a significant challenge. In this unit, students explore the distinction between infrastructure financing and funding and the challenges in raising private finance. Students are provided with an understanding of the principles of infrastructure finance and the use of special purpose vehicles and how to structure alternative financing plans. Students learn how to develop approaches to procurement and tendering and understand issues associated with the commercial and financial structuring of Public-Private Partnerships.
QBUS6310 Business Operations Analysis

Credit points: 6 Session: Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ECMT5001 or QBUS5001 or QBUS5002 Prohibitions: ECMT6008 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Business operations are the activities that businesses carry out to create value. This unit provides the models needed to analyse business operations of a company or organisation and make management decisions on operational issues. It covers business operations in both manufacturing and service industries, looking at processes, supply chains and quality issues. Topics covered may include the modelling of manufacturing operations and related group technologies, the modelling of financial service operations (e.g. brokerage operations), and the operations implications of internet technologies.
QBUS6860 Visual Data Analytics

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: QBUS5001 or QBUS5002 Assumed knowledge: The unit assumes knowledge of statistics and confidence in working with data Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Accurate and effective analysis of data is a crucial skill in today's data-rich business environment. Visual Data Analytics (VDA) is an indispensable scientific tool for analysing all sorts of business-related data and, in particular, complex high-dimensional data. Applications include the visualisation of financial statements, capital market data, marketing data, supply chain data and many others. VDA has the ability to encode vast amounts of information into a small space that can be then intuitively interpreted for decision-making. This unit draws upon statistics, computer science, behavioural psychology and information design for visualising numerical and text data. It presents statistical and data analysis methods that are necessary for description, exploration, inference and diagnosis using data reduction, visual mining, smoothing, clustering and validation techniques. Upon completion of the unit, students should be proficient in producing high integrity visuals that enable fast and precise business decision-making. Students will also learn about the limitations of visual perception and how to design powerful visuals that can tap into our natural cognitive predisposition in favouring visual types of information.
WORK5003 Management and Organisations

Credit points: 6 Session: Semester 1 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit aims to introduce students to the nature and context of management. It explores the functions and processes of management and encourages students to critically reflect on management theory and practice. It can be taken as a standalone unit for students enrolled in various specialist masters programs and also prepares students for further study in strategic management, organisational analysis and strategy and human resource management.
WORK6030 Performance and Rewards

Credit points: 6 Session: Semester 1 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit examines the processes and practices associated with contemporary performance and reward management. Results-based, behaviourally-based and competency-based methods of performance management are examined, along with processes of performance review, planning and developing. Coverage of reward management issues includes: job- and person-based approaches to building base pay structures; methods for rewarding individual performance; work group incentives such as gainsharing, goal-sharing and team pay; methods of rewarding employees for organisational performance, including employee share ownership; and performance-related rewards for executives. The unit also examines approaches to developing strategically integrated performance and reward management systems.

Graduate Diploma in Professional Accounting

Students must complete 48 credit points in units of study comprising:
(i) 30 credit points in core units in study, which includes:
(a) 18 credit points in foundation units of study
(b) 12 credit points in advanced units of study
(ii) 18 credit points in elective units of study

Units of study for the course

Core units of study
(a) Foundation
ACCT5001 must be completed in the first semester of study
ACCT5001 Foundation in Accounting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
As the 'language of business', accounting provides decision makers with relevant and reliable financial information. Accounting information helps investors to decide whether to buy, hold or sell shares in a company. Financial institutions like banks rely upon accounting information to make lending decisions. Business analysts use accounting information to assess whether a company is outperforming its competitors. This unit provides students with the skills and knowledge required to analyse and record business transactions, to prepare financial statements, to communicate financial information to decision makers, and to evaluate the financial performance and financial position of business organisations to make relevant decisions. The unit enables students to develop the core analytical, communication, collaboration, and management skills needed to succeed in an increasingly digital and data driven society. It also develops awareness of broader business, social, and ethical issues through tutorial problem-solving exercises and small group discussions, interactive case assignments, and additional online learning materials. The accounting knowledge and the interpersonal skills gained from this unit play an important role in students’ future careers in accounting, finance, data analytics, management, and beyond.
CLAW5001 Legal Environment of Business

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
All business conduct is regulated by the law. Every transaction and every relationship is governed by an increasingly complex mix of statutory and judge-made laws. The ability to identify and manage legal risks, and knowledge of compliance and dispute resolution strategies, are essential business management skills. This unit examines the legal framework and regulatory regime within which all businesses operate in Australia and in a global economy. It introduces students to the legal implications of commercial conduct and provides an overview of the Australian legal system and threshold legal concepts of agreement, ownership, and civil and criminal liability. Key areas of substantive business law are examined including contracts, torts (in particular negligence and the economic torts), property and securities, and crime. The unit also provides students with an overview of areas of legal regulation with an increasingly significant impact on business operations including: privacy, intellectual property rights, competition law, consumer law (in particular advertising regulation, product liability and unfair contracts), misleading conduct and unconscionable conduct.
FINC5001 Foundation in Finance

Credit points: 6 Session: Intensive February,Intensive July,Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit introduces foundational concepts in capital markets and corporate finance, equipping students for further studies in the discipline. The firm and the role of financial institutions are explored before developing important skills in financial mathematics. The unit then moves to the valuation of tradable securities and their pricing in the capital markets. The decisions firms make around capital structure and payout policy are studied. The unit concludes with an exploration of information and market efficiency. The tools of finance allow decision makers to navigate risk and uncertainty.
(b) Advanced
ACCT6001 Intermediate Financial Reporting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides an understanding of the contemporary Australian financial reporting environment. Particular attention is paid to accounting theory and concepts, mandatory reporting practices and reporting policies that reflect either a choice from among several mandated alternatives, or those areas where regulation has not occurred. The unit is intended for those who will be involved in the preparation or use of company financial statements. The unit provides an understanding of accounting techniques, both in terms of technical method and their relative impact on a corporation's financial statements. The emphasis throughout is on both the 'techniques' and the related explanations for their use.
ACCT6008 Managerial Accounting and Decision Making

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT5001 Prohibitions: ACCT5002 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit introduces the context and processes of managerial accounting, with financial and non-financial information literacy to inform both understanding and application of key managerial accounting techniques. Critical business career skills of ethical behaviour in difficult situations, collaboration, problem solving, time management, persuasive communication and following instructions are fostered across the areas of cost accounting, business performance, and strategic value creation in management accounting. Through weekly 'business practicals', students get real-world like experience in addressing practical managerial accounting issues in organisational contexts. Students become familiar with the many kinds of managerial accounting decisions concerning the techniques, benefits and risks of accounting frameworks chosen. The unit is completed with a capstone case study which consolidates learning and allows students to use their new knowledge and skills gained in identifying and addressing operational and strategic issues facing organisations concerning competition, innovation and government regulation.
Elective units of study
ACCT6007 Contemporary Issues in Auditing

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT6001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
The focus of this unit is the development of knowledge and understanding of the key elements of the 'corporate financial report' audit process with particular reference to Australian Auditing Standards. Auditor's duties and responsibilities are considered before moving to planning the audit, performing the audit and arriving at an audit opinion. Students are exposed to the techniques used by auditors in carrying out audit procedures and evaluating audit evidence. Students are expected to further develop their critical thinking skills through applying technical audit principles to real-world auditing problems and corporate case studies. Students develop an appreciation for the essential role the auditor and the audit function play in enhancing the quality of financial statements and corporate governance. In this context, the unit critically examines contemporary audit issues, recent audit headlines and challenges faced by the audit profession in the Australian and global environment.
ACCT6010 Advanced Financial Reporting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: ACCT6001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides students with a detailed understanding of more complex financial reporting issues. Topics examined include: group accounting issues such as the practical application of the control test; multiple subsidiaries; non-controlling interest; foreign currency translation; consolidated cash flow reporting; segment reporting; accounting for joint arrangements and associates; and related party disclosures. The unit builds on the knowledge base acquired from earlier accounting units with a strong emphasis on the application of technical skills. The unit has a substantial case component, using current examples to illustrate both appropriate technical solutions in accordance with accounting standards and guidelines, as well as the forces which determine the choice of methods. The unit also provides students with an awareness of relevant research to assist in an understanding of both current debates and accounting choices. This unit helps develop students' ability to read and analyse financial reports and to understand the financial reporting implications of management decisions relating to internal reporting and organisational structure.
BUSS5001 Firms, Markets and Business Management

Credit points: 6 Session: Intensive February,Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prohibitions: ECON5001 or ECON5002 or ECON5003 or ECOF5010 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This unit provides students with the tools to understand the impact of economic, socio-cultural, institutional, and technological factors on businesses' operations. Such considerations are crucial for understanding how businesses make decisions and interact in the marketplace. The first part of the unit provides an introduction to macroeconomic and microeconomic analysis and applications. In macroeconomics, we consider determination of the aggregate level of economic activity (GDP and inflation), the economic effects of government policies, and the link between interest rates and exchange rates and the level of economic activity. In microeconomics, we look at economic decision-making by individuals and firms and the determination of prices in different kinds of markets. The next part of the unit investigates wages, as well as the social, cultural, political, and technological environments in which firms operate. It examines theories, models and conceptual tools that help us understand and make decisions in relation to these factors. The unit is complemented by developing an understanding of the complexity of professional behaviour and ethical decision making.
BUSS5080 Succeeding in the Accounting Profession

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
This compulsory foundation unit is designed to help students develop personal and interpersonal skills. These fundamental professional skills will allow students to effectively work with and through others and are important for career success. Through a series of readings, lectures, assessments, and experiential exercises, this unit provides students with useful frameworks and research-based insights on effective organisational behaviours. Topics such as effective communication, self-management, working with others, leadership, influence, decision making, and more are discussed. Upon completion of this unit, students will have gained valuable knowledge and practical skills that will aid their professional development.
CLAW6002 Corporate Structures in Practice

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: CLAW5001 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
The corporation is the dominant structure adopted for business undertakings globally. This unit aims to demystify corporate regulation and its impact in the contemporary commercial context with a view to introducing students to the types of issues they will encounter in the real world of corporations. The unit reviews business structures (joint ventures, partnerships, trusts and companies) from a business perspective with a focus on the corporate form. The unit also examines the different options available for the conduct of businesses and the different stages of the corporate life cycle, including: how corporations are brought into existence and the characteristics attained upon incorporation; how corporations undertake certain activities (including entry into contracts, fundraising, issuing shares, paying dividends); how corporations are managed and power is distributed between participants, how the law places certain duties and obligations upon those who manage corporations; the consequences which may result from any breach of those duties and obligations; and managing corporations in financial distress, liquidation and de-registration. It takes an application-based approach which gives the unit a practical as opposed to theoretical orientation. Current issues in corporate regulation in Australia and internationally are discussed to provide students with an understanding of the types of issues which confront different types of corporations, and how these issues impact upon their management and the discharge of corporate responsibility.
CLAW6026 Taxation Law and Practice

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prerequisites: CLAW5001 Prohibitions: CLAW5002 Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Taxation is an inevitable reality for all individuals and businesses. The impact of taxation on business structures, transactions and decisions is both real and significant. An understanding of how taxation law works is not only vitally important for professional accountants but is also an essential management skill in an increasingly complex business environment. This unit introduces students to the principal forms of taxation within the Australian taxation system with a focus on concepts and principles of income tax law. Students also learn how tax law is applied in practice. This unit covers key concepts of taxation in Australia (including the concepts of income, capital gains tax, deductions, and the residence and source principles) and examines the taxation of different entities (including partnerships, trusts and companies). The taxation of international business transactions is also considered.
INFS5000 Accounting Information Systems

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Accountants are extensive users of business information systems (BIS). They also play a critical advisory and managerial role in relation to the design, adoption, evaluation and assurance of BIS to ensure that information and systems are properly governed, used ethically and contribute to business value. This unit provides an introduction to current and emerging information technologies (IT) that support and enable business processes, information management, decision-making and reporting of critical business information in accounting. In addition, associated governance, risk and compliance challenges are explored. Relationships between business processes and accounting information systems are examined to develop an understanding of the complex and changing business information environment from the perspective of different stakeholders. Students also learn how to use tools, frameworks and models that assist in identifying opportunities for business value creation through innovative applications of various BIS and managing business information, processes and systems to ensure that strategies and service providers meet business needs.
QBUS5002 Quantitative Methods for Accounting

Credit points: 6 Session: Semester 1,Semester 2 Classes: Refer to the unit of study outline https://www.sydney.edu.au/units Prohibitions: ECMT5001 or QBUS5001 Assumed knowledge: Students should be capable of reading data in tabulated form, working with Microsoft EXCEL, and doing High School level of mathematics Assessment: Refer to the unit of study outline https://www.sydney.edu.au/units
Accountants in the workplace need to be familiar with effective techniques for dealing with business data. This unit uses spreadsheet tools and accounting examples to introduce the most important data analysis methods. The unit helps students understand variability and detect when a variation is random and when something significant is going on. This unit also enables students to uncover the relationships between variables that can be hidden in business data. Students learn how to look at accounting data and use it to forecast business performance. Students are also given examples of the misuse of statistics in an accounting context. The unit is taught through data-driven examples, exercises and business case studies.