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 - F/T only)

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.

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.

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’ earlier in this section of the handbook.

Contact details

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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