Monash University: University handbooks: Undergraduate handbook: Units indexed by faculty
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Bachelor of Accounting

Course code: 0169 + Course abbreviation: BAcc + Total credit points required: 144 + 3 years full-time

Study mode and course location

On-campus (Clayton)

Course description

The Bachelor of Accounting is a specialist degree, based on a cooperative education scheme with scholarships sponsored by industry. The degree was introduced at the request of the professional accounting bodies in Australia, and with the support of the Office of Training and Tertiary Education. The course provides for accelerated learning, the integral components of which are the periods of structured industry-based learning.

Students selected to undertake the degree will be awarded a scholarship of $4400 (or the equivalent in paid work experience) per annum for each of the three years of the pass degree. The scholarships are provided by industry sponsors of the degree, who also play an important role in the industry-based learning sections of the course. During industry-based learning, students work in commercial settings and also complete specified projects determined jointly by academics and sponsors. Over the length of the course, students spend time with a range of business organisations that have agreed to participate in the course. Admission to this course is limited to school leavers who are citizens or permanent residents of Australia. A quota of 25 full-time places applies.

Course structure

Areas of study

Students must complete a major specialisation in accounting.

Other studies may be drawn from any of the disciplines taught on the Clayton campus by the Faculty of Business and Economics. Careful selection of elective units can allow a major in finance.

Up to four open electives may also be taken from other campuses or other Monash faculties.

Course requirements

First year

First semester

• AFC1021/AFC1022 Accounting principles
• ECC1000 Principles of microeconomics
• ETC1000 Business and economic statistics
• MGC1010 Managing people and organisations

Second semester

• AFC1030 Introduction to financial accounting
• AFC1100/AFC2100 Introduction to finance
• BTC1110 Business law
• ECC1100 Principles of macroeconomics

Summer semester

• AFC2050 Industry-based learning component 1 (12-week period of industry-based learning)

Second year

First semester

• AFC2120 Financial accounting
• AFC2131 Cost information for decision making
• AFC2140 Business finance
• Elective

Second semester

• AFC2051 Industry-based learning component 2 (14-week period of industry-based learning)

Summer semester

• AFC3051 Industry-based learning component 3 (12-week period of industry-based learning)

Third year

First semester

• AFC3120 Advanced financial accounting
• BTC3150 Taxation law
• Two electives

Second semester

• AFC3160 Auditing and assurance
• AFC3131 Performance measurement and control
• BTC2210 Australian company law
• Elective

The sponsoring organisations are responsible for students during the 10 months of industry-based learning. During this time, it is intended that sponsors will provide students with an integrated educational experience that illustrates and enhances their academic work.

A maximum of 10 first-year units may be undertaken.

A minimum of six third-year-level units must be undertaken.

Finance major

Students wishing to major in finance should complete:

(a) The following two units:

• MKC1200 Principles of marketing
• AFC3140 Advanced business finance

(b) Two units from the following list:

• AFC2240 Equities and investment analysis
• AFC2340 Debt markets and fixed income securities
• AFC3170 Management of Financial intermediaries
• AFC3230 Financial analysis and valuation
• AFC3240 International finance, or
  AFX3781 International study program in banking and finance
• AFC3340 Options, financial future and other derivatives
• AFC3440 Pension and financial planning
• AFC3540 Advanced modelling in finance

(c) In addition, either AFC2050 or AFC2051, plus AFC3051 are to be taken in a finance-related area and will be included in the finance major.

It is the student's responsibility to ensure that their enrolment complies with course requirements. Any student who has doubts on this matter should seek a meeting with a course adviser.

Professional recognition

This degree with relevant units is recognised by the following legal entities:

• Australian Securities and Investments Commission
• Banking, Finance and Securities Industries
• CPA Australia
• Financial Product Adviser
• The Institute of Chartered Accountants in Australia
• Tax Agents’ Board

It is important to note that professional recognition may be dependent upon the correct choice of units. For further details, refer to 'Professional recognition' in the 'Faculty information' section of the Faculty of Business and Economics entry.

Contact details

Inquiries: telephone +61 3 9905 2327, fax +61 3 9905 5499, email enquiries.clayton@buseco.monash.edu.au or visit www.buseco.monash.edu.au.

Course director

Ms Kerrie Woodhouse

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