Public accountants seek better understanding of SMEs

The Institute of Public Accounts (IPA) is seeking to boost the understanding of accountant members on issues facing SMEs by changing its professional program to a Master of Business Administration (MBA).

The new MBA will replace the existing Master of Commerce (Public Accounting).

According to IPA’s CEO, Andrew Conway, the change will further enable public accountants to be trusted advisers for their business clients.

“This innovative pathway provides due recognition of the quality and standing of Members (MIPA) and Fellows (FIPA) of the IPA, by providing advanced standing based on verified professional experience,” he said.

“Such recognition provides IPA members with a streamlined system to achieve one of the most sought-after MBA degrees in the southern hemisphere.

“Further, new or associate members who have studied the six units required to complete the IPA Professional Program will be eligible to commence the Deakin MBA as the second stage of the IPA Program.”

The course will be provided by Deakin University.

Public accountants undertaking the course will be required to complete six core units, comprising business process management, strategy capstone, people management, marketing management, principles of leadership, and a dedicated small business advisory unit.

“Lifting the bar will ensure our members are best placed to serve and advise their small business clients while providing an enhanced opportunity to diversify and grow their business and professional opportunities,” said Mr Conway.

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