Monash University: University Handbooks: Undergraduate Handbook 2002: Units indexed by faculty
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Accounting and finance


Units taught by the department

First-year units

There is a quota on these units for students enrolled for degrees in other faculties. Students in 'Accounting principles' will be allocated to one of two sequences, either AFC1021 or AFC1022, depending on their prior knowledge of accounting. Although the unit content for both sequences is identical, the method and approach may vary significantly. All students will sit for a common final examination.

Second-year units

Note that students cannot obtain credit for both AFC1100 and AFC2100.
Where prerequisites exist, they are specified in the outline of the unit concerned. Prospective honours students in accounting and finance should include at least four units, except for students enrolled in BCom/LLB and BEc/LLB, who should consult the head of the department.

Third-year units

Where prerequisites exist, they are specified in the outline of the unit concerned. Prospective honours students in accounting and finance should include at least four units, except for students enrolled for BCom/LLB and BEc/LLB, who should consult the head of the department.

Fourth-year (honours) units

Professional accreditation

Accounting

Students who wish to obtain professional accounting qualifications should include the following units in their degree:

These are the units required to obtain maximum exemptions for admission to CPA Australia. The Institute of Chartered Accountants in Australia requires the same units, except that neither AFC3130 nor AFC3140 is required. Maximum exemptions can be achieved within the Bachelor of Commerce degrees. In the case of double degrees, overloads of one to two units may be necessary.
BCom/LLB and BEc/LLB students will normally take the law units LAW2100, LAW5106 and LAW5213 instead of BTC2110, BTC2210 and BTC3150 to obtain professional accreditation.

Banking and finance

Students who wish to obtain maximum exemptions for senior associate membership of the Australasian Institute of Banking and Finance should note that the institute now recognises several specialisations. Students should select their specialisation according to their interests, abilities and career prospects. The educational requirements of the two specialisations are as follows:

Corporate finance specialisation

Students must complete the following three units:

plus any three of the following units:

NOTE: STUDENTS WHO COMPLETED AFC2170 (CAPITAL MARKETS AND FINANCIAL INSTITUTIONS) IN 2000 OR EARLIER MAY SUBSTITUTE THIS UNIT FOR AFC1100/AFC2100.
However, although not strictly required for membership, students seeking professional accreditation through the corporate finance specialisation would be well-advised to also include AFC3170 (Management of financial intermediaries) in their degree.

Traditional mainstream banking specialisation

Note that AFF3841 is taught on the Caulfield campus and can be counted towards the degree.

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