Course
code: 2015 · Note that the structure of the Bachelor of Commerce
(Accounting and Finance) 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 (Accounting and Finance) degree provides a substantive
sequence of subjects in accounting and/or finance together with coherent
sequences of subjects in the areas of business statistics and econometrics,
management, marketing, business law and taxation, and economics. For details of
the subjects available in this specialisation, see 'Specialisations in
accounting and finance'.
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. For all professional bodies, membership is dependent upon the correct choice of subjects by students. However, an exceptional feature of this degree is that students can meet the membership requirements of all three bodies simultaneously in a single three-year degree.
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 3 in the section 'Charts of degree structures'. 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:
The remaining two semester subjects may be selected from other first-year subjects taught on the Clayton campus by the departments of the faculty or from another faculty. This enables students to complete substantial work in a related field such as management, economic history, marketing, or in another field such as a language or computing.
The
structure of the second and third years of the degree is similar. 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 of subjects taught by the Department
of Accounting and Finance. 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 four and six
second-year subjects, or subjects with a total credit value between 24 and 36
points.
Supporting studies (category B) subjects comprise subjects offered by the
faculty's departments on the Clayton campus from areas other than
category A. Supporting studies subjects might be management, marketing,
economics, business law, taxation, or quantitative studies, any two of which
may be from first-year subjects. 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.
Elective subjects (category C) comprise subjects from other faculties or
from a limited list of faculty subjects from other campuses and 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 (Clayton) 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.
For
the area of specialisation (category A), students are required to choose
between four and seven third-year subjects, or subjects with a total credit
value between 24 and 42 points.
Supporting studies (category B) 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. Between one and four third-year subjects,
or subjects with a credit value of between six and 24 points, must be selected
from this category.
Elective subjects (category C) comprise subjects from other faculties or
from a limited list of faculty subjects from other campuses and students may
include up to two subjects, or subjects with a credit value of a maximum of 12
points, in this category. If desired, it is possible to substitute up to two
second-year subjects for third-year subjects in this category, although
students may only include a total of two second-year subjects to the value of
12 points in the third-year program overall.
In summary form, the structure of third year is:
In the case of supporting studies or electives,
either category B or C, 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.