Course outline

The Master of Professional Accountancy and Finance (MPAF) is the only master’s qualification in New Zealand endorsed by the CFA (Chartered Financial Analysts). Massey University is one of only 130 partner universities around the world to have a partnership agreement with the CFA.

Elevate your career

  • The Master of Professional Accountancy and Finance shows a commitment to gaining the business capabilities that are sought-after by potential employers. It will build on your previous study and/or practical work experience to help you develop an excellent understanding of accountancy and finance principles and practical applications. It is the only masters qualification where your study covers both these disciplines.
  • Whether or not you come from a background in accountancy and finance, the MPAF will help build on your skills to help you move into more senior roles.

Relevant to employers

  • Our partnership agreement with the CFA means that the MPAF programme covers 75% of the curriculum learning outcomes deemed essential by the organisation. These have been developed by the finance industry, meaning your learning is relevant and aligned with what the industry demands. An understanding of accountancy and finance is highly sought-after by potential employers and will help you step up in your career.

An internationally-ranked business school

  • The Massey Business School is one of the country’s leading and largest business schools - it is ranked among the top two per cent of business schools globally and is AACSB accredited.
  • Our School of Accountancy has accreditation from national and international professional institutions including the Chartered Institute of Management Accountants and the Association of Chartered Certified Accountants (UK).
  • Massey University’s accountancy and finance programme ranks in the 150 universities in the world by QS (Quacquareli Symonds) rankings and our business and management studies are ranked in the top 200. We are also ranked in the top 150 universities worldwide for business administration and finance programmes by the ShanghaiRanking's Global Ranking of Academic Subjects.
  • Our lecturers are actively researching, bringing the most relevant developments in accounting theory and practice to your study.

Study that fits around your life

  • Our uniquely broad range of study modes means you can fit your study around your life. You can study towards this qualification on our Auckland campus, via block courses. Or you can study via distance, from wherever you are, whenever it suits you. Massey has the largest and longest-running distance learning courses in New Zealand, giving you access to our expertise and world-leading tools.

Recognised as one of the best

  • As well as being recognised by the Chartered Financial Analysts organisation, MPAF is accredited and meets the academic requirements of the Chartered Accountants Australia New Zealand (CAANZ), CPA Australia and the ACCA.

Careers prospect

International trends are for employers to reward postgraduate study well,especially in larger enterprises.The skills you learn are increasingly recognised as setting you apart from other potential employees.

This course is suitable for you, if you:

  1. Have an undergraduate qualification in any subject
  2. Want to increase your in-depth knowledge of accountancy and finance
  3. Would like to take the next step in your career

Course structure

Candidates for the MPAF shall follow a fixed course of study, which shall consist of courses totalling at least 240 credits, comprising Part A and Part B, including all of the courses specified in the Schedule to the Qualification.

In order to progress from Part A to Part B, candidates must have achieved a minimum B- grade average in Part A of the qualification.

The Master of Professional Accountancy and Finance may be awarded with or without Honours.

The timeframes for completion as outlined in General Regulations for Postgraduate Degrees, Postgraduate Diplomas, and Postgraduate Certificates will apply.

Part A

  1. Accounting Systems
  2. Financial Accounting and Reporting
  3. Management Accounting and Decision Making
  4. Quantitative Methods for Accounting and Finance
  5. Financial Management
  6. Management in Organisations
  7. Law of Business
  8. Economics

Part B

  1. Advanced Financial Accounting and Reporting
  2. Advanced Strategic Management Accounting
  3. Auditing and Assurance
  4. Tax
  5. Corporate Finance
  6. Financial Asset Management
  7. International Finance
  8. Financial Risk Management

Faculty

  • Massey Business School

Entry requirements

Applicants for admission to the MPAF will meet the University admission requirements as specified, and have completed an undergraduate degree achieving at least a B grade average in the highest two levels of the majoring subject.

All applicants will need to submit:

  • Verified academic transcripts of all previous tertiary level studies.

Application to this university can be very strict therefore, it is advised to contact the school directly for assistance or visit the school offiicla website. Below is the complete general guideline for admission of any postgraduate programmes.

Admission

1. Admission to a Postgraduate certificate, Postgraduate diploma, 120-credit Bachelor (Honours) or a Master's degree requires that the student will:

(a) have made formal application for admission to postgraduate study for the specified programme; and

(b) (i) have qualified for the award of a relevant Bachelor's degree with a grade average that demonstrates an adequate level of preparation for the postgraduate programme; or

(ii) have an approved academic qualification of similar standing to the relevant Bachelor's degree; or

(iii) have been granted admission with equivalent status as entitled to proceed to the specified Postgraduate degree, diploma or certificate; and

where appropriate to a specific qualification:

(c) (i) provide evidence of practical/professional experience of an acceptable standard in an area(s) relevant to the qualification; or

(ii) on the request of the Academic Board, carry out such work and satisfy such assessments as the Board may determine to be necessary for admission.

Academic requirements

2. (a) A postgraduate qualification will consist of a number of credits accumulated from taught courses and/or research courses, at 700-level or above, as specified in the Qualification Regulations.

(b) For the award of the degree, diploma or certificate a pass is required in each course in the qualification. A student may re-enrol and be re-examined only once in a failed course.

Research reports and theses

3. (a) A research report will consist of a minimum of 30 credits; a thesis will consist of a minimum of 90 credits.

(b) The research component of postgraduate programmes will be 0, 30, 45, 60, 90 or 120 credits with the proviso that the Bachelor (Honours) degree will have a minimum research component of 30 credits and those Master's degrees that require a research component will have a minimum of 45 credits of research.

(c) Postgraduate diplomas and certificates may have a research component of zero credits and consist entirely of taught courses.

(d) For thesis courses that are offered for enrolment as Part One and Part Two, candidates are required to precede their enrolment in Part Two with enrolment in Part One.

Student progression

4. (a) Students will have completed their 700-level course requirements prior to enrolling in the thesis course.

(b) (i) 120-credit Bachelor (Honours) degrees will be awarded as First Class Honours, Second Class Honours Division I, Second Class Honours Division II or Third Class Honours. Bachelor (Honours) degrees must be completed within one year of first enrolling in full-time study or within three years of first enrolling in part-time study.

(ii) Postgraduate diplomas and 120-credit Master's degrees will carry the award of Distinction if completed at a superior standard (equivalent to First Class Honours), or Merit (equivalent to Second Class Honours, Division One) within one year of first enrolling in full-time study or within three years of first enrolling in part-time study.

(iii) 180-credit Master's degrees will carry the award of Distinction if completed at a superior standard (equivalent to First Class Honours), or Merit (equivalent to Second Class Honours, Division One) within eighteen months of first enrolling in full-time study or within four years of first enrolling in part-time study.

(iv) 240-credit Master's degrees will be awarded with First Class Honours, Second Class Honours Division I, Second Class Honours Division II or a pass. To qualify for the award of honours, 240-credit Master's degrees must be completed within two years of first enrolling for full-time study or within five years of first enrolling for part-time study.

(v) These periods may, in special circumstances, be amended/extended by the Academic Board. The Academic Board may also in special circumstances permit students to suspend their programme of studies for an approved period.

Specialisations

5. Qualifications for which specialisations, such as endorsements or subjects, are listed may have these specified as specialisations at the time of programme approval. The degree, diploma, or certificate completed by the student will state the specialisation.

Maximum time to completion 

6. Unless otherwise specified in the Qualification Regulations there will be time limits for completion as follows:

(a) 60-credit Postgraduate Certificates must be completed within a maximum of two years.

(b) 120-credit Postgraduate Diplomas must be completed within a maximum of four years.

(c) 120-credit Masterates must be completed within a maximum of four years.

(d) 180-credit Masterates must be completed within a maximum of five years.

(e) 240-credit Masterates must be completed within a maximum of six years.

(f) 120-credit Bachelor (Honours) must be completed within one year of first enrolling for full-time study or within three years of first enrolling for part-time study.

Where credit has been transferred in accordance with Recognition of Prior Learning Regulation 2(c), the above time limits may be pro-rated when calculating maximum time limits for completion.

Time limits may be waived, at the discretion of the University, where a student exits with a qualification of lesser credit.

7. Students who have been inactive for a period of three consecutive years will be deemed to have abandoned their qualification. Abandonment releases the University from its obligation to ensure a qualification can be completed. Students may be permitted to re-enrol in a subsequent current qualification should they meet the entry requirements; credits previously achieved will be assessed and applied in accordance with current regulations.

Variations and personal programme approvals 

8. The Academic Board may, in such cases as it thinks fit, approve a personal programme of study which does not conform with the General Regulations or the Regulations for that degree, diploma or certificate while still conforming to the academic standards of the qualification.

The following rules will apply:

(a) There must be a compelling academic case to merit the variation, or;

(b) There must be evidence of exceptional circumstances and/or hardship to the student.

(c) Variations will receive appropriate academic authorisation under delegation from Academic Board and be formally documented.

(d) The variation will be recorded on the student's academic record.

(e) Personal programme approvals will not permit a reduction in the total amount of credit required to complete a qualification.

(f) The extent of variation cannot jeopardise the integrity of the qualification. To this end there will be a limit on the extent to which a qualification can be varied. The maximum amount of credit variation is as follows:

120 credit qualification 30 credits

180 credit qualification 30 credits

240 credit qualification 30 credits

(g) Variations will not be permitted in 60-credit qualifications.

(h) Except where the special circumstances apply to a cohort of students (for example when transitioning students as a result of programme closure or course unavailability) variations will only be considered on a case-by-case basis and will not set a precedent.

Transitional provisions 

9. The University reserves the right to introduce such changes as it may judge to be necessary or desirable, including the addition, restructuring or withdrawal of qualifications, regulations and/or courses. Reasonable provisions will be made to enable students to complete any qualification which is discontinued or has its structure substantially altered, but such provision will not extend beyond the permitted time for completion.

English language requirements

  • IELTS - 6.5 (no band less than 6.0)
  • TOEFL iBT - 90 overall (min 20 in Writing)
  • PTE Academic - 58 Overall (min 50 in communicative skills)
  • Cambridge English - 180

Additional notes

  1. Fees are subjected to change, for international student may have to refer to latest exchange rates.
  2. Additional cost my incurred depending on situation (Accommodation, laboratories equipment/materials, etc.)
  3. Encourage to study and research laws in New Zealand, it is advisable for international students to understand the country's strict rules and culture. 
  4. English is used as a teaching medium and a widely spoken language in Malaysia, if the requirements are not stated in the university webpage, advisable to contact the university's authority for further information about English requirements or English Entry Requirements.
  5. For scholarship opportunities, please browse through our webpage postgradasia.com to find out local and international opportunities. 
  6. Encourage to visit http://www.massey.ac.nz/ for deeper and more information.

Contact

  • Telephone: 0800 MASSEY (0800 627 739) 
  • Telephone (from outside NZ): +64 6 350 5701 
  • Facsimile: +64 6 350 5618 
  • Text: 5222

 

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