The Master of Professional Accounting (MPAcc) Degree Programme is designed primarily to develop competent managers with sound theoretical and practical skills in accounting and related disciplines. It will also provide a foundation for those who wish to further their higher studies in the sphere of Accounting.
The postgraduate student who completes the degree will be able to;
- Demonstrate an advanced knowledge in contemporary developments and issues in accounting theory and practice
- Think analytically and critically in the realm of theory and practice in accounting;
- Understand and apply accounting theories, concepts, and techniques in practical and research contexts; and
- Develop an understanding of ethical requirements, issues and deal with them appropriately.
Professional and Employment Opportunities:
The study programme leads to a unique academic qualification with a strong professional flavor recognized in both the public and private sectors. In addition to enhancing performance of senior management and paving the way for career advancement, it serves as an entry qualification for advanced studies in accounting.
To be eligible for admission to this program an applicant must possess one of the following qualifications;
- A Bachelor’s Degree including 30 credits in Accounting, Commerce or Management
- Postgraduate Diploma in Accounting and Financial Management (Department of Accounting, University of Sri Jayewardenepura) or equivalent postgraduate qualification from a recognised university or a higher education institution
- Membership or Passed Finalist of one of the following accounting professional bodies:
a) Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka)
b) Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka)
c) Chartered Institute of Management Accountants (CIMA-UK)
d) Association of Chartered Certified Accountants (ACCA-UK)
- Completion of NVQ level 7 (B. Tech.) with a minimum of GPA of 3.0
Duration: One Year
Medium of Instruction: English
Lectures will be held only on Friday evenings & Saturdays.
Panel of Lecturers
The study program will be conducted mainly by the academic staff of Faculty of Management Studies and Commerce (FMSC) of USJ. The services of resource persons of other local state universities, foreign universities,and industry will also be obtained on a visiting basis. Further, leaders/ experts of industry also are invited for special occasions such as guest lectures and the residential workshop.
One-year MPAcc Study Program
|Year/ Semester||Course of study||No. of credits||Contact hours||Notional hours|
|MPACC 1301||Contemporary Issues in Financial Reporting||3||45||150|
|MPACC 1302||Strategic Management Accounting||3||45||150|
|MPACC 1303||Research Methods||3||45||150|
|MPACC 1304||Business Strategy||3||45||150|
|MPACC 1305||Contemporary Issues in Auditing and Assurance||3||45||150|
|MPACC 1306||Corporate Governance and Ethics||3||45||150|
|MPACC 1607||Research Report **||6||600|
*A student is required to select one elective in each semester from the following courses:
MPACC 1308: Project Management
MPACC 1309: Taxation Law and Practice
MPACC 1310: Enterprise Resource Planning Systems
MPACC 1311: Public Sector Accounting and Finance
MPACC 1312: Investment and Portfolio Management
MPACC 1313: Enterprise Risk Management
MPACC 1314: Business Valuation
MPACC 1315: Corporate Sustainability Accounting
MPACC 1316: Contemporary Issues in Management Accounting
MPACC 1317: Accounting Information System
MPACC 1318: Financial Statement Analysis
MPACC 1319: Forensic Accounting
** A student is given 2 months period to submit the Research Report after completing the course work.
For compulsory and elective courses, one credit equals to 15 hours while for the research project 1 credit equals to 100 hours.
Summary Table for the Distribution of Credits among Different Types of Study Courses
|Description||No. of Lecture/Student Contact Hours||No. of Credits|
|Core Courses (6)||270 hrs. (15 hours per 1 credit)||18|
|Elective Courses (2)||90 hrs. (15 hours per 1 credit)||6|
|Research Report (1)||600 hrs. (100 hours per 1 credit)||6|
Candidate’s performance at each course unit is assessed and graded by theory examinations and continuous assessments during and at the end of the semester. Continuous assessment may include individual assignments, group assignments, case analyses, critical incident analyses, term papers, midterm examinations, quizzes, practical and oral presentations. The continuous assessments will vary between 30-50% of the total marks when it is combined with written or other examinations.
The pass mark is 50% and candidate should pass all the course units and Project Report. A student shall be eligible to sit the semester-end examination only if he/she has maintained a minimum attendance level of 80% for the relevant lecture sessions. Eligibility requirements will be counted course-wise. A student who fails to fulfill the eligibility requirements for any course will be considered as ‘fail’ and could repeat the examination by fulfilling the eligibility requirements next time.
Assessment of students’ performance in each course shall be based on continuous assessment/s and a semester-end examination.
Weight for the Components
Continuous assessments will carry 30-50% of the total marks while the semester-end examination will carry 50%-70%. Further, a student should obtain at least 50% of the marks allocated for continuous assessment in order to be eligible to sit the semester-end examination.
Students shall be assessed during a course through assessment methods such as quizzes, mid-term tests, individual/ group activities, individual/ group assignments, class room attendance and participation.
This will take the form of a written examination, where its duration will depend on the requirements of each course. However, this will be usually of three hours.
Carrying Forward the Continuous Assessment Marks
In the case of a repeat candidate or an absentee at the semester-end examination, marks obtained for the continuous assessments shall be carried forward for the next semester-end examination unless the candidate opts to redo the continuous assessments.
Valid Reasons for Absence from an Examination
Students shall be excused from taking an examination only for reasons viz. serious ill health, death of an immediate family member, or any other cause acceptable to the Board of Study to be ratified by the Senate. A student absent due to medical reasons shall submit a medical certificate from a registered medical officer within 14 days of the examination of the relevant course to be subsequently approved by the Medical Officer of the University of Sri Jayewardenepura.
Eligibility Requirements to sit the semester-end examination
A student shall be eligible to sit the semester-end examination only if he/she has maintained a minimum attendance level of 80% for the relevant lecture sessions. Eligibility requirements will be counted course-wise. A student who fails to fulfill the eligibility requirements for any course will be considered as ‘fail’ and could repeat the examination by fulfilling the eligibility requirements next time.
If a student fails in a subject, a supplementary examination may be held at the end of the following semester without having to wait for the next academic year.
Evaluation of the Research Report
Evaluation of the research report is based on the assessment of the written report (75% of the total marks) and the performance at the viva voce examination (25% of the total marks). Further, the viva voce examination will be called only if the candidate has secured a minimum of 50% of the marks allocated for the written report.
A supervisor will be appointed with respect to each student who will be guiding the student with in relation to all aspects of the research study. On submission of the completed research report (duly recommended by the supervisor) it will be examined by two independent examiners. The viva-voce examination will be held after fulfillment of the aforesaid requirements.
The comments of the viva voce examination shall be as follows:
- No corrections Pass
- Minor Corrections (Resubmit within 01 months) Pass
- Major Corrections (Resubmit within 03 months) Pass
- Reject Fail
Completion of a Course
Pass mark for each course shall be a minimum of 50% (i.e. a C+). Thus, a candidate who does not secure a ‘C+’ grade in the course shall repeat the final examination, and the maximum mark awarded in such an attempt will be limited to a maximum of 50 marks.
Completion of the Programme
A candidate is deemed to have passed the study programme only if he or she secures Cumulative Grade Point Average (CGPA) of not less than 2.30 in the entire programme.
Those who secure an overall CGPA of not less than 3.70 in the entire programme shall be considered for a Merit Pass.
Repeating a Course
A candidate who is unable to sit for course unit examination or fail a course unit can repeat the examination. Except for medical reasons the maximum mark that can be obtained is 50%. In the case of a repeat student or an absentee at the semester-end examination, marks obtained for the continuous assessments shall be carried forward for the next semester-end examination unless the candidate opts to redo the continuous assessments. A supplementary examination may be held at the end of the semester without having to wait for the next academic year.
Release of Results of the Examination
Candidates shall be informed of the GPA secured in each course as per the grading system given in Table 1. An Examination Results Sheet for a given term will be issued to each candidate after the release of results.
Effective Date of the Certificate
The effective date of the MPAcc programme is the date on which the candidate submits the Research Report for examination provided that there are only minor corrections to the Report. In the case of a Research Report with major corrections, the effective date shall be the date of submission of the revised report subject to the acceptance of a panel of examiners.
A candidate who takes a repeat examination subsequent to submitting of the research report, the effective date of the certificate shall be the first day of the month following the final repeat examination.
Awarding the Degree:
Candidate should pass all the courses (50%) and should possess a minimum GPA of 2.7 for a total of at least 30.0 credits worth courses including the Project Report. A merit pass will be given if the overall average exceeds 70%.
60% of the total payment to be made at the time of registration and the balance within 6 months.
Coordinator: Dr. Dileepa Samudrage
Deputy Coordinator: Dr. Roshan Ajward
Tele: +94 112803456
Department of Accounting
Faculty of Management Studies & Commerce
University of Sri Jayewardenepura
Nugegoda, Sri Lanka.