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UNSW Sydney – Master of Commerce (Management Accounting)

***UPDATE*** New exemption policy change as of 1st October 2020! 

This Master of Commerce (Management Accounting) will change effective October 1, 2020. Students graduated with this degree will be eligible to get exemptions up to the Strategic level and they have to sit 4 CIMA exams (Strategic Objective tests E3, F3, P3 and Strategic Case Study) instead of 1 Strategic Case Study exam before.

UNSW Sydney postgraduate students undertaking the Master of Commerce (Management Accounting) degree can now use a fast-track route to complete the CIMA professional qualification. The programme prepares students for an exciting career with the opportunity to become a CIMA member and Chartered Global Management Accountant (CGMA®).

This agreement is a first for CIMA in NSW and we are proud to collaborate with a prestige university such as UNSW Sydney, which is ranked in the top 50 of the world’s universities.


This opportunity is available for UNSW students enrolled in the Master of Commerce (Management Accounting) (8404) degree and Master of Commerce (Management Accounting) (Extension) (8417) degree commencing from the 2014 intake.

CIMA exemptions

For UNSW Sydney Master of Commerce (Management Accounting) students, CIMA will grant 12 paper exemptions up to the strategic level.

The requirements are:

  1. Successful completion of the Master of Commerce (Management Accounting) degree
  2. Successful completion of the relevant subjects – see below
  3. Payment of the required CIMA fees

Degree compulsory and elective requirements

You can gain exemptions from either:

  • Operational and management level
  • Operational, management and strategic level


One additional course
INFS5848 Managing Complex Projects*

*This course must be selected if students wish to be exempted from all CIMA operational and management level exams.

One Capstone course
ACCT5931 Strategic Management Accounting    

Note: If a course has been completed in prior study, students may be granted transfer credit for introductory level courses or permission to substitute other courses.


Courses required

Operational and management level only

Two compulsory core courses 
MGMT5050 Professional Skills and Ethics
COMM5005 Quantitative Methods for Business 

Three gateway core courses
ACCT5930 Financial Accounting 
ECON5103 Business Economics
FINS5511 Corporate Finance (students substitute this for their third Gateway course)

Five required specialisation courses
ACCT5910 Business Analysis and Valuation 
ACCT5942 Corporate Accounting and Regulation 
ACCT5943 Advanced Financial Reporting 

ACCT5955 Management Control Systems in Contemporary Contexts
ACCT5996 Management Accounting and Business Analysis 

Operational, management and strategic level 

To assist students to obtain strategic level accreditation, the Master of Commerce (Extension) (8417) allows students to take three additional courses:

Three courses relevant to the strategic level:

ACCT5914 Enterprise Strategy for Management Accountants or ACCT5949 Managing Agile Organisations
ACCT5919 Business Risk Management
FINS5514 Capital Budgeting and Financial Decisions 

 CIMA fees

CIMA is currently offering a special rate for students undertaking this course. For more information on the fee structure for CIMA contact our Sydney office on +61 2 9376 9900 or email


To register with CIMA, students of this program will need to contact the CIMA office in Sydney on +61 2 9376 9900 or email to obtain the appropriate registration code.

See more information on the UNSW degree.

Contact us

CIMA Australasia
Nicole Hartas, Business Development Manager 
Telephone: +61 (0)2 9376 9900

UNSW Sydney contact
For application and enrolment advice 
The student recruitment team
Telephone: +61 (0)2 9385 3507

Academic advice
Associate Professor Lili Dai, MCom Coordinator for the School of Accounting, Auditing & Taxation
Telephone: +61 (0)2 9065 1612

CIMA Australasia
Level 7, Suite 702
5 Hunter St
NSW 2000

T. +61 (0)2 9376 9900

New Zealand
T. +64 (0) 800 246269 (NZ freephone)