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This specialisation has been specially developed to enable students to achieve recognition from the Chartered Institute of Management Accountants (CIMA). In the Master of Commerce students can cover the Operational level and the Management level of CIMA's syllabus. In the Master of Commerce (Extension) an additional level (the Strategic) can be covered

The Management Accounting specialisaton in the Master of Commerce will provide you with a solid education in relevant core and specialised areas of knowledge and practice. You will develop a core set of high-level skills and satisfy the first two levels of CIMA's syllabus covering 6 examination papers (Enterprise Operations E1, Performance Operations P1, Financial Operations F1, Enterprise Management E2, Performance Management P2, and Financial Management F2).

The longer version of the Management Accounting specialisation in the Master of Commerce (Extension) allows you to go further and satisfy the requirements for the third level (E3 Strategic Management, P3 Risk Management and F3 Financial Strategy). Upon the successful completion of all subject areas and with relevant work experience, you can become a CIMA Member and Chartered Global Management Accountant (CGMA).

Career opportunities are in accounting and financial management in the private and public sectors; working for organisations or government departments. Career progression after the appropriate experience would be: Management Accountant, Finance Manager, Chief Financial Officer (CFO), Financial Director, Chief Executive Officer (CEO) or Management Consultant.

This specialisation is for business and non-business graduates who wish to pursue a career in the exciting area of management accounting and be professionally recognised by the Chartered Institute of Management Accountants (CIMA). If you have prior business studies, you may be eligible for transfer credit.
Study Level


Minimum Units of Credit


Specialisation Type


Specialisation Structure

Students must complete 36 UOC.

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CIMA Accreditation - Operational & Management

Students who are enrolled in 8404 Master of Commerce or 8417 Master of Commerce (Extension) who wish to complete the Operational and Management Levels of the syllabus of the Chartered Institute of Management Accountants must take the following courses as an accreditation requirement.

Students must complete ACCT5931 as a capstone to meet Operation and Management Levels of CIMA accrediation. Students which complete an alternative capstone to ACCT5931 will not be eligible for this level of accreditation.

Gateway courses
- ECON5103 Business Economics (6 UOC)
- FINS5511 Corporate Finance (6 UOC) - students substitute this for their third Gateway course.

Additional course required for CIMA accreditation
- INFS5848 - Project, Portfolio and Program Management (6 UOC)

Capstone course
- ACCT5931 Strategic Management Accounting

CIMA Accreditation - Strategic

Students who are enrolled in 8417 Master of Commerce (Extension) who wish to complete CIMA Strategic Level Accreditation must complete this stream and also select the following three courses as part of their MCom (Extn) elective requirement.

- ACCT 5914 Enterprise Strategy for Management Accountants OR ACCT5949 Managing Agile Organisations (6 UOC)
- ACCT5919 Business Risk Management (6 UOC)
- FINS5514 Capital Budgeting & Financial Decisions (6 UOC)

Additional Information

Professional Accreditation

The program is recognised by the Chartered Institute of Management Accountants (CIMA). Please refer to the Professional Recognition of Programs in the Online Handbook for further information

Further Information

Please note that these requirements may be subject to change.
Students are advised to follow requirements according to the year they commenced. Please refer to previous editions of the Online Handbook for your program requirements.

Contact the UNSW Business School Student Centre for advice.
tel: + 61 2 9385 3189
location: Level 1, room 1028, Quadrangle Building
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Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

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