Master of Professional accounting (MPA) SOP

Statement of purpose

Introduction

I am applicant’s name, a permanent resident of Permanent Address, Nepal bearing Passport No. number. I was born on Date of birth as an elder son of my parents. We are altogether four members in my family: father, mother, younger brother and me. My father is a job position and my mother is a job position in company name, address. My brother is engaged as a job position in a construction company named company name, located at address, Nepal. Besides all these, my family is also engaged in agricultural activities where we grow cash crops and seasonal vegetables.

Academic Background

I have completed my School Leaving Certificate (SLC) board of Nepal from School name in first division with score% as the remarkable attainment of my first academic degree in the year.  Then after I determine to study science on completion my SLC, so I enrolled intermediate level in stream at School name. I passed Intermediate level-Higher Secondary Education Board of Nepal securing score% in the year.

After Intermediate level, I foresaw the opportunities of enhancing and enriching careers in the field of Business & Management. This ultimately led me to end up with the decision of starting an undergraduate course in management faculty. Hence, I joined Bachelor of Business Administration (BBA) program of University name in College name, address, Nepal. With four years hard work and dedication on my studies, I completed my bachelor degree with academic excellence securing score CGPA in the year.

The BBA program has provided me plenty of opportunities to gain both practical and theoretical insights related to business practices principles, and various approaches. I got to know about the different fields and scopes of business management and administration like Principles of Management, Business Research Methodology, Business Statistics, Micro & Macro Economics, Business Laws, International Business and different field of business.

Work Experience

As a part of curriculum of BBA, in 7th semester, we had to work on apprenticeship in business organization, companies or financial institutions. For this I chose banking sector to enhance my skill and knowledge in banking field and joined company name, address for three month internship. I got opportunity to learn organization culture and information of banking policies and procedures and NRB (Central Bank of Nepal) guidelines in that apprenticeship. Also, it was my great experience where I learn to apply my theoretical knowledge into practical field.

After Graduation degree, I joined company name. I was appointed as a job position, a corporate level position in start date. There I got good opportunity to enhance my knowledge and able to build excellent communication skills and the ability to work closely with clients in a friendly and professional manner. I got outstanding organization skills and multitasking abilities. I became a highly motivated self-starter, communicator, innovative problem solver and learn to work in diversified work environment. Moreover, the work experience has enriched my skills and knowledge.

The main duties and tasks performed by me in company name are as follows:

  • Handle customer queries and provide personalized service to valued customer.
  • Verify and forward customer request for banking service to concerned department.
  • Verify all documents related to account opening and operations in line with the internal procedure and AML/CFT guidelines. Escalate issues or suspicious elements (if any) to immediate supervisor or branch manager, as applicable.
  • Prepare necessary reports as per the need of the department
  • Carryout the task assigned by the supervisor.

Gap Clarification

As soon as I completed my graduation degree, I joined company name, Nepal. Since start date, I have been working in this bank in the capacity of job position. I am working in group of people of different diversities and got good chance to be friendly and cooperative with them and also to motivate and encourage them in a work station.

After having almost one year of banking experience, I decided to continue my further study in foreign country. I began to make an intense research on subject of my field and came to know about the professional Accountancy in Australia. This was completely on line of my interest related to my study and the current work. Hence, I started to prepare for IELTS at my free time. After being prepared for IELTS examination, I took IELTS test on date and got the score of 6.0 overall.

Why Australia?

I have chosen Australia for my post graduate study after I have done plenty of research about pros and cons of studying in Australia. Australia is young and vibrant country with strong international reputation and it is also known as one of the best places to study and live. Australian education has great value here in Nepal. In order to pursue my post graduate study of MPA, Australia is one and only the best option for me. I found Australia to be suitable and comfortable for me from different ways. The diverse culture and students from different parts of world allows me to be sociable and friendly with them very soon. The climate condition of Australia compared to other countries is more or less similar to my country Nepal and therefore it will be easy for me to adapt there.

Australia is regarded as one of the best destinations for international students. Compared to the most fascinating study- destinations like UK & US, Australia is more likely to be affordable, the tuition fee and the living expenses here are more reasonable than other countries. The education system based on practical knowledge, multi-cultural background of students, well equipped and high-tech libraries, job placements, plenty of opportunities, experienced faculty members and most importantly globally recognized degree along with some top university of world attracted me towards Australia for my post- graduate study.

Before choosing Australia I have done research on many international destinations like UK, USA, Canada and some European countries for my post graduate study. I didn’t find these alternatives as suitable, compelling as Australia from various points of views. It is found that cost of living expenses come to be actually high in other countries compared to Australia.

As I researched the universities providing the accounting course in USA, I found some universities like university name with an annual fee USD amount, University name with USD amount per year, University name with an annual USD amount, which I found to be much expensive as compared to the chosen university name. Talking about Canada, it has extreme weather and climate condition which will be more difficult to cope up for the student like me. I could have chosen Japan, but it is a non-English speaking country and does not offer as competent Universities of Professional Accounting as Australia does. Similarly European countries like Denmark, Germany and France have their own language setting, which would be difficult for me to withstand there.

After analysing all the aspects including quality education, sound environment, climate state, cultural diversity, cost and proper safety level, I came to the conclusion of choosing Australia among the entire alternative for my post graduate study of Professional Accounting.

The other major attractions of Australia which led me to dream my further academic career in Australian University are mentioned below:

  • Quality of education, research and technology in world top universities.
  • Globally Recognized Degree of Australian University.
  • Best student life with modern means of transportation facilities.
  • Quality of life and friendly people from different cultural background.
  • A lot of exciting events and seminars happening inside and outside of college/university.
  • Diversity of Education- Australian University offers wide variety of Courses and degree for all the students.
  • Quality of Education – Australian government regulates every university in the country each year to ensure that they are maintaining high standard education.
  • Plenty of job opportunities with globally recognized Australian degree
  • Research Opportunities

 

Reason for not choosing home country (Nepal)

I have done some research on universities of my own country such as 1st University, 2nd University, 3rd University, 4th University but unfortunately, I become unable to find the course which I am intend to do regarding the specialization in accounting. The Universities of Nepal are offering post graduate programs like Masters of Business Administration (MBA), Masters in Business Studies (MBS), Masters in Finance and Control (MFC) and likewise the others.  All the courses don’t focus on the core Accounting. And more typically, no universities in Nepal offer Master of Professional Accounting which is my desired course.

Additionally, the courses here are not much more updated and are taught with traditional method and theoretical approach. Though Nepal has been trying to upgrade and update the education system, it still practices the traditional techniques and methods of teaching and learning. Due to  unavailability of the core accounting degree like professional accounting, less experienced teaching material, traditional method & theoretical approach of teaching, irregular classes, limited seats, unmanaged infrastructure in my country, it makes me to dream my academic career towards Australia instead of my home country.

Having a closure look in many aspects including quality education, sound environment, teaching approaches, infrastructures, cost and proper safety level, I found Australia more delightful with compared to Nepal. Similarly, well equipped and sufficient library, affordable fee structure and living expenses, physical ambience of university and study centres, latest technology and practical approaches of study and multicultural society, found in Australia are some other reasons why I choose Australia and not home country.

Why selected University name?

After I concluded to study in Australia, I made an intense study and research on college and universities offering Masters of Professional Accounting there. After having research, analysing all the pros and cons, I came to decide Australia as the best destination. I got to know about the universities from the various sources like social media, friends and the educational fairs and seminars organized by consultancies on behalf of Australian Universities. Australia offers a diverse range of study option for international students with more than 1200 institutions and over 22000 courses to choose from. So, it was really tough for me to choose the best one.

I have researched some of the Universities over there like 1st University name, 2nd University name, 3rd University name, 4th University, 5th University. All these Universities are equally competitive in terms of their delivery of quality education. But the fee structures of some of these universities are higher and some of them are in off location. I had a choice of university name having somehow an affordable fee structure, but the university is off location for me. Then I begin to accumulate information about the university from various sources and found University name as the best matched university from the various aspects like location, tuition fees, quality education, previous academic history and other important aspects like few numbers of students in a class, well-furnished and well-equipped libraries. The Australian universities are undoubtedly the best in providing the quality of education but after analysing the various factors, University name has become my perfect fit to complete my Master’s degree.

I have also compared the fee structure of some universities like 1st University with annual tuition fee AUD amount, 2nd University with AUD amount, 3rd University with AUD amount, 4th University with AUD amount, 5th University with AUD amount, 6th University with AUD amount including chosen University with AUD amount.

With reference to the various sources, I found that the chosen University is an Australia’s one of the largest universities and enjoys the highest graduate employment rates of any Australian university. It is dedicated to excellence in the delivery of higher education with quality degree and also has a well-earned reputation for providing quality education delivered by professionals with practical and relevant industry experience. Academics of University name are supported by well researched curriculum and teaching methods that maintain high levels of satisfaction to the students. It focuses on learning and innovation around students and their career. It is committed in flexible delivery of learning and teaching to allow flexibility and responsiveness to student needs.  Moreover, it has the major attractions like university name study centres are located in the heart of Sydney, Melbourne, Brisbane, allowing students to experience city living with excess of transport, shops, restaurants, entertainment venues which all these beautiful city offers. Hence, I found university name a perfect match for me from various aspects like location, quality education, Tuition fees, well equipped libraries and teaching methodologies.

Major attractions of university name Australia:

  • The study centres of university name are located in very convenient and vibrant cities of Sydney, Melbourne, and Brisbane.
  • As the class sizes in university name are smaller, it is easier to the students to get direct and personalized access with the lecturer and facilitators.
  • university name is the largest university and enjoys the highest graduate employment rates of any Australian university.
  • A reflexive, globally focused curriculum and learning flexibility of university name helps the students to enhance and enrich their level of understanding and knowledge.

Finally, with all these positive factors of University name Australia, in comparison with the other universities, I concluded to go with it for my Master degree of Professional Accounting.

Why Master of Professional Accounting?

Master of Professional Accounting (12 Subjects), the course that I am intended to study at university name consists of 12 Subjects with 96 points where students have to study three subjects per session, across two years. It is designed for students who want to build upon their existing undergraduate degree from a recognised Australian university or undergraduate accounting degree from an overseas university. This course is accredited by the Institute of Chartered Accountants in Australia (ICAA) and CPA Australia.

On completion, graduates will satisfy the entry requirements for admission to membership of the professional accounting bodies, including associate membership of CPA Australia. The Master of Professional Accounting opens up a wide range of career opportunities within a range of organisations – across the commerce, industry, government and semi-government sectors.

I have completed Bachelor in Business Administration under the faculty of Management where I studied Financial and Management Accounting. This made me grow more interest to continue accounting to know the wide range of business disciplines including economics and accounting principles. This course provides an opportunity for graduates to obtain a qualification that is recognized by professional accounting bodies and the wider business community.  MPA is a course which equips graduates with the knowledge and skills to succeed in accounting and finance organizations. Moreover, this course is specially designed to enhance the student’s ability to manage complex accounting and business issues and provides expertise in Management Accounting, Taxation, Auditing, Investment and Financial Accounting. Hence, I decided to pursue Masters in Professional Accounting in order to fulfil my quest to master the accountancy and learn more.

A career in business management and accounting provides rewarding, challenging and versatile opportunities in the global business environment. Globally competitive businesses are looking for people with superior analytical skills. Concerning developing countries like Nepal which is gradually growing in commerce, industries and business. I feel that I am highly secured with job of professional accountant here. Similarly, I can transfer my accounting skill across other areas which can help me in sound decision making.

Understanding of the course

The modern and contemporary business fascinating course design of MPA (12 subjects) is another reason why I decided to postgraduate in it. Two years full time MPA carries 12 units with total credit points of 96.  The core units comprised under the MPA (12 Subjects) are as follows:

  • Accounting Systems & Processes
  • Management Accounting for Costs & Control
  • Accounting Information Systems
  • Financial Accounting
  • Accounting & Finance
  • Decision Support Tools
  • Financial Accounting 2
  • Auditing
  • Current Developments in Accounting Thought
  • Economics for Business
  • Business and Corporations Law
  • Taxation 1

Professional Recognition

The accredited Master of Professional Accounting (12 subjects) from university name, is designed to meet the academic requirements of both CPA Australia and the Chartered Accountants Australia and New Zealand.

Career Opportunities with MPA

From the Graduate Certificate in Professional Accounting through to the master’s program, University name, students can get the platform for an exciting and meaningful business career. Globally recognized degree MPA has high employment demand, offering graduates the opportunity to seek employment in global business world.

A graduates could provide auditing, advisory, taxation, insolvency and recovery services to clients, or put his/her budget planning, management accounting, internal auditing, strategic planning and policy formation skills to work in any sized organisation. This course takes a graduate to wherever he/she would like to work.

Proposed living arrangements in Australia

The estimated accommodation cost for one year is $amount AUD and the travelling cost is $amount AUD. Apart from this, I also need to pay $amount for the course of MPA. And also I need to bear around $amount per week for my travelling and living expenses. The study centre is located at address, and I am planning to stay around the study centre area and contact with my friend named friend name in Sydney. He will help me to get a flat.

Financial Arrangement

Financially I am well prepared to study in Australia. My parents have always been very supportive towards me and my education career. They are positive with my decision to study in Australia and are ready to sponsor my study and stay at Australia. I have managed the financial arrangement for the entire expenses of my study and stay at Australia with my parent’s bank balance and their regular annual income.

My father, Mr. ….. is a job position at company name and has annual income of NRP amount.

My mother, Mrs. …… is a job position at company name having annual income of NRP amount.

My Brother, Mr. ….  is engaged as a job position at company name and has annual income of NRP. amount.

We also have annual incomes from agriculture of NRP. amount.

Hence the total income of my family is NRP. amount which is equivalent to AUD amount as per the exchange rate of date. Similarly, we have bank balance with education loan of NRP. amount in Bank name which is equivalent to AUD amount as per the foreign exchange rate of date. Besides, we also have sufficient property fixed assets. Hence, I could easily afford the cost of living and study at Australia.

Career Plan

Accounting is the most integral and inseparable part of modern business and management. In this globally competitive environment, without the proper and systematically installation of accounting, business organization cannot be run efficiently and effectively. Hence, I can foresee the plenty of opportunities in the career option and paths of Accountancy field. The accounting field ranges from bookkeeping to the verification of auditing, preparing taxes and policy making from a general accountant to the financial director and chief accountant.  The post of accountant increases with the increment in their work experience and academic qualifications and leads them to become a financial officer, financial risk manager, financial analyst or head of finance department in private or public sector business organizations. Such positions of accounting need the accomplishment of sound accountancy degree like Master in Professional Accounting along with good academic score.

After MPA degree from university name, I will have good opportunities in my own country, Nepal. Nepal has been progressing rapidly in economic and financial sector after being politically reformed. This has created plenty of job opportunities with increment of business activities inside the country. The business markets of Nepal are in a dire need of professional accountants at current situation, this has ultimately created a platform to seek the professional accountants in a great number. After Nepal has gained a membership of World Trade Organization (WTO) and other regional trade agreements like BIMSTEC, SAFTA and like others, many multinational and international companies have entered and some are in the process of entering Nepal. So, I can have good future with job of professional Accountant in my own country.

The major job title that can be gained after the completion of MPA degree from university name and having relevant experience are job positions. In future, I want to see myself a job position of a reputed Commercial Bank of Nepal. Once I return to the home country, I can start working in a mid-level designation like job position and can earn in the range of NPR amount to amount per month as initial salary which will increase in terms of gaining work experience and the level of performance. And after gaining almost 2-3 years of experience in junior officer level in any commercial banks, I will be promoted in senior officer level with the salary range of NPR amount to amount per month. After working for more than 10 years, I have a dream to see myself in position of job position of commercial bank of Nepal and can earn above NPR amount which is enough for a person to run a successful and enjoyable lifestyle for a whole life here in Nepal. So, I can have good future here in Nepal, with the globally recognized MPA degree of university name.

Conclusion

I am really glad and honoured to apply for Masters of Professional Accounting in university name. This is the most important decision of my life which I believe will be the turning point in my career. I am confident that the quality and excellent education of the university along with my academic background, self-motivation and my dedication towards the study will lead me toward the achievement of my dream. I am vigorously waiting to get enrolment in university name.

I am well known and well aware of all the rules and obligations that need to be followed during my stay in Australia. I hereby, commit to abide all those obligations and act accordingly. I have a strong determination and an honest intension to study and learn in Australia to groom my career and give the final shapes to my dream. I would like to assure you that any of my activities will not be against Australian laws that will harm the peace and harmony of the society. All the particulars that I have mentioned above are true and are furnished at my own knowledge and understandings.

I will work hard to do the best in my academic performances both theoretically and practically, and promise to became best of my knowledge, understanding and experience that will earn in Australia when I return back to my homeland Nepal for the betterment of the society.

I am looking forward to hearing a positive response from you.

Thank You!

Sincerely Yours

Applicant name

Passport No. ……..

Email: ……..