A masters in accounting is usually completed over either 2 years of full-time study or 4 years of part-time study. The qualification will provide you with an advanced understanding of both the theory and and practice of professional accounting. It will teach you the skills to be able to solve more complex accounting and business problems. After completing this study it will enable you to be able to pursue higher level accounting and finance roles.
Once you've graduated from a masters in accounting there are many roles that you can apply for requiring a more specialised skill-set and knowledge of accounting and finance, such as chief financial officer, accounting manager, chartered management accountant, business adviser and forensic accountant.
There are scholarships available for a masters in accounting if you fulfil the eligibility criteria. You can review hundreds of accounting scholarships here. Austudy is typically not offered for masters of accounting degrees, but some universities may be an exception to this.
To be able to enrol for a masters in accounting you will have to have successfully completed an undergraduate degree in this field or a related field. Selection for a masters is based on academic performance and being approved for your thesis research topic (if taking a research masters).