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Course
code: 0179 · Note that the structure of the Bachelor of Commerce degree
has been reviewed. Students first enrolled prior to 2000 will have the option
of completing their degree under the structure in force when they first
enrolled, or under the new structure
The Bachelor of Commerce degree provides coherent sequences of subjects in the
areas of accounting, finance, business statistics or econometrics, management
and economics. An introduction to all of these areas is compulsory in the first
year of the degree. For details of the subjects available in each area, see the
relevant section of the handbook headed 'Specialisation in ...'. There are also
opportunities for combinations with economic history, marketing, business law
and taxation and with subjects offered outside the faculty, including
languages, psychology, mathematics, computing, and any of the sciences, social
sciences or humanities.
This degree is recognised by both the Australian Society of Certified Practising Accountants and The Institute of Chartered Accountants in Australia as meeting academic requirements for membership. This is also true for senior associate membership of the Australian Institute of Banking and Finance. Graduates of this course are recognised for membership of the Australian Institute of Management (AIM), the Institute of Corporate Managers, Secretaries and Administrators and the Australian Human Resource Institute (AHRI). For all professional bodies, membership is dependent upon the correct choice of subjects by students.
The pass degree requires the satisfactory completion of 24 subjects, or subjects to the value of a total of 144 credit points, over a minimum of three full-time years or a maximum of 10 years of study. Students may include in their degree subjects to the value of 36 credit points from disciplines outside the faculty, normally on the basis of 12 credit points at each year level. All first, second and third-year subjects offered by the Faculty of Business and Economics (Clayton) have a credit value of six points. Full-time students are expected to progress at the rate of eight subjects or 48 credit points per year. First-year students normally may not take a second-year subject until at least four first-year subjects have been completed successfully. Note that subjects in the later years of the course have prerequisites and co-requisites. In addition, students are expected to take subjects in a yearly sequence even if there are no prerequisite subjects specified. The course structure is shown in chart 2 in the section 'Charts of degree structures'. Specialisations are available in accounting, finance, economics, business statistics and econometrics, marketing and management. All category A and category B subjects are limited to those taught on the Clayton campus.
The first year of the degree will comprise eight semester subjects totalling 48 credit points, of which the following shall be compulsory:
Students wishing to take first-year subjects from another faculty or first-year economic history subjects can defer one pair of the above subjects until second year where they will count as second-year category B subjects. This allows students to complete substantial work in related fields such as languages, computing, psychology, or mathematics.
The
structure of the second and third years of the degree is identical. Each year
comprises eight semester-length subjects, or the equivalent of 48 credit
points.
To maintain a coherent course structure, subjects may be selected from three
categories: major specialisation (category A), supporting studies
(category B) and electives (category C). Category A subjects
represent a specialised sequence of study; students must select a
specialisation from the subjects taught on the Clayton campus by one of the
departments of Accounting and Finance (AFC prefix), Econometrics and Business
Statistics (ETC prefix), Economics (ECC prefix), or Management (MGC prefix) for
this category. This specialisation will then be followed throughout the second
and third years of the course. For the area of specialisation
(category A), students are required to choose between three and five
second-year subjects, or subjects with a total credit value between 18 and 30
points.
Supporting studies (category B) subjects must be from a different
department to those taken in category A. They can comprise subjects
offered on the Clayton campus by any department of the faculty. Depending on
the selection of the specialisation, supporting studies subjects might be
accounting, business law, economics, finance, management, marketing,
quantitative studies, or taxation. Between two and four second-year subjects,
or subjects with a credit value of between 12 and 24 points, must be selected
from this category, any two of which may be from first-year subjects.
Elective subjects (category C) comprise subjects from other faculties or
from a limited list of faculty subjects from other campuses. Students may
include up to two subjects, or subjects with a credit value of a maximum of 12
points, in this category. (While each subject offered by the Faculty of
Business and Economics has a points value of six, the points value of subjects
taken from other faculties may vary, and where this occurs, students must
complete the minimum number of points rather than the number of subjects
recommended). If desired, it is possible to substitute up to two first-year
subjects for second-year subjects in this category, although students may only
include a total of two first-year subjects to the value of 12 points in the
second-year program overall.
In summary form, the structure of second year is:
In the case
of supporting studies or electives, either category B or C, two
first-year subjects to the value of 12 credit points can be substituted for two
second-year subjects.
At any year level of the course, an absolute limit equal to the maximum number
of category A subjects allowable at that year level is placed upon
subjects selected from the following groupings of subjects within the
faculty:
Students must have their program of study approved by the course director or the course director's nominee.
The
same structure as in second year will apply in third year. For the major
specialisation subjects, students will select third-year subjects valued
between 18 and 30 points (normally three to five subjects) from the area of
specialisation chosen in second year. Supporting studies subjects are to be
chosen from third-year subjects offered on the Clayton campus by any department
of the faculty, excluding the area of specialisation. Students may select for
their electives third-year subjects up to the value of 12 points from subjects
offered by other faculties or from a limited list of faculty subjects offered
on other campuses. Students should refer to the summary structure for second
year for further detail.
In the case of supporting studies or electives, either category B
or C, a total of two second-year subjects to the value of 12 credit points
can be substituted for two third-year subjects.
The same absolute limit of subjects from the subject groupings listed for
second year also applies to third year.
As in first and second year, students must have their program of study approved
by the course director or the course director's nominee prior to commencement
of the relevant year.
wwwdev@monash.edu.au
Thu May 25 16:42:33 EST 2000