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

Course code: 0179 + Course abbreviation: BCom + Total credit points required: 144 + 3 years full-time, 6 years part-time

Study mode and course location

On-campus (Clayton)

Course description

The generalist Bachelor of Commerce provides a professional education in a range of units related to commerce disciplines, with a strong emphasis on developing the analytical skills and professional competence required for careers in the business or public sector.

Course structure

Areas of study

Students must complete a major specialisation in one of the following disciplines taught by the Faculty of Business and Economics: accounting, finance, economics, business law and taxation, econometrics and business statistics, management, marketing, Asian development and transition, international commerce, competition regulation and public policy, information strategy and decision making, labour and employment, and human resource management. All units taken as part of a major specialisation are limited to units taught by departments of the faculty on the Clayton campus.

Other studies may be drawn from any of the disciplines taught on the Clayton campus by the Faculty of Business and Economics. These other studies can, in some cases, form a second major specialisation in a commerce discipline.

Course requirements

The degree requirements are:

(a) completion of six compulsory common core units (36 points):

(b) completion of at least two units (12 points) from the following list:

  • AFC1100/AFC2100 Introduction to finance, or
  • AFC1030 Introduction to financial accounting
  • ECC1100 Principles of macroeconomics
  • ETC1010 Data modelling and computing
  • MGC1020 Organisations: contexts and strategies

First-year students normally may not take a second-year unit until at least four first-year units have been completed successfully.

(c) completion of a major specialisation of at least eight units (48 points) in a discipline or field of study of the faculty with at least two units (12 points) at each of second and third-year level.

(d) a total of 24 units (144 points) over a maximum of 10 years of study.

(e) a maximum of 10 first-year-level units (60 points).

(f) a minimum of six third-year-level units (36 points), of which at least four (24 points) must be from those offered by the faculty on the campus delivering this program.

(g) at least four non-compulsory units (24 points) must be taken outside the main field of study.

(h) an option to include a maximum of six units (36 points) from disciplines taught by other faculties or from an approved list of faculty units offered on campuses other than Clayton.

Major specialisations

Students must complete a major specialisation in one of the following disciplines or fields of study. With careful unit selection, students may take out two major specialisations. To enable this, up to two units may be considered as part of both majors. Two majors may therefore be completed by completing a minimum of 14 units (84 points).

Accounting*

Students need to complete eight units (48 points) from the following, including at least two units (12 points) at second-year level and two units (12 points) at third-year level:

(i) the following five units (30 points):

  • AFC1021/1022 Accounting principles
  • AFC1030 Introduction to financial accounting
  • AFC2120 Financial accounting
  • AFC2131 Cost information for decision making
  • AFC3120 Advanced financial accounting

(ii) plus three of the following units:

  • AFC2851Accounting information systems and financial modelling
  • AFC3131 Performance measurement and control
  • AFC3141 Strategic management accounting
  • AFC3160 Auditing and assurance
  • AFC3220 Comparative international financial reporting
  • AFC3230 Financial analysis and valuation
  • BTC2210 Australian company law
  • BTC3150 Taxation law

* Students should refer to the relevant page of the handbook for professional accreditation requirements.

Asian development and transition

Students need to complete eight units (48 points) from the following, including at least two units (12 points) at second-year level and two units (12 points) at third-year level:

(i) four units (24 points) from the following:

  • BTC2250 Comparative Asian taxation
  • BTC3190 Asian business law
  • ECC2550/ECC3550 Business in Asia
  • ECC2890 Economic development of East Asia
  • MGC2130 Asian management

(ii) four units (24 points) from the following list or units from (i) not previously completed:

  • AFC3220 Comparative international financial reporting
  • AFC3240 International finance, or
  • AFX3871 International study program in banking and finance
  • BTC2190 International trade law
  • ECC2810 Globalisation and economic systems
  • ECC3570 The international economy since 1945
  • ECC3670 Economics of developing countries
  • MGC2120 Managing international business
  • MGC3120 International management
  • MKC3220 International marketing
  • MGC3430 International human resource management
Finance*

Students need to complete eight units (48 points) from the following, including at least two units (12 points) at second-year level and two units (12 points) at third-year level:

(i) the following three units (18 points):

(ii) plus two of the following:

  • 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
  • AFX3871 International study program in banking and finance
  • AFC3340 Options, financial future and other derivatives
  • AFC3440 Pension and financial planning
  • AFC3540 Advanced modelling in finance
  • AFX3355 Property investment

(iii) plus three units (18 points) from the following list or from units from (ii) not previously completed:

  • BTC3130 Stock exchange and derivatives law
  • BTC3200 Finance law
  • ECC3750 Evolution of the Australian financial system
  • ETC2410/ETC3440 Introductory econometrics
  • ETC2430 Actuarial statistics
  • ETC3460 Financial econometrics
  • ECC3660 Monetary economics

* Students should refer to the relevant page of the handbook for professional accreditation requirements.

International commerce

Students need to complete eight units (48 points) from the following, including at least two units (12 points) at second-year level and two units (12 points) at third-year level:

  • AFC3160 Auditing and assurance
  • AFC3220 Comparative international financial reporting
  • AFC3240 International finance, or
  • AFX3871 International study program in banking and finance
  • BTC3450 International taxation
  • ECC2810 Globalisation and economic systems
  • ECC3570 The international economy since 1945
  • ECC3690 International economics
  • ETC2410/ETC3440 Introductory econometrics
  • MGC2120 Managing international business
  • MGC3120 International management
  • MGC3310 Governments, markets and globalisation
  • MGC3430 International human resource management
  • MKC3220 International marketing
Competition, regulation and public policy

Students need to complete eight units (48 points) from the following, including at least two units (12 points) at second-year level and two units (12 points) at third-year level:

  • BTC2210 Australian company law
  • BTC3130 Stock exchange and derivatives law
  • BTC3300/MKC3300 Marketing law
  • ECC2360 Environmental economics
  • ECC2450 Sports economics
  • ECC2830 Economics of industry and competition
  • ECC2840 Australian economic institutions and policy
  • ECC3810 Public finance
  • ECC3830 Competition and regulation
  • ECC2700 Economic issues in health and health care
  • MGC2320 Business and government
  • MGC3100 Management ethics and corporate governance
  • MGC3310 Governments, markets and globalisation
Information, strategy and decision making

Students need to complete eight units (48 points) from the following, including at least two units (12 points) at second-year level and two units (12 points) at third-year level:

(i) the following six units (36 points)

  • AFC3131 Performance measurement and control
  • BTC3150 Taxation law
  • ECC2400 Current issues in applied microeconomics
  • ETC2480 Business modelling methods
  • MGC3110 Strategic management
  • MKC2130 Marketing decision systems

(ii) plus two units (12 points) from the following:

  • AFC2131 Cost information for decision making
  • AFC2851Accounting information systems and financial modelling
  • AFC3140 Advanced business finance
  • AFC3340 Options, financial futures and other derivatives
  • ECC2830 Economics of industry and competition
  • ETC2450 Applied business and economic forecasting
  • ETC4390 Business simulation
  • ETC2470 Applied business modelling
  • ETC3490 Business simulation
  • MGC2110 Principles of strategic management
  • MKC3120 Marketing implementation
  • MKC3130 Strategic issues in marketing
Labour and employment

Students need to complete eight units (48 points) from the following, including at least two units (12 points) at second-year level and two units (12 points) at third-year level:

(i) the following two units (12 points):

(ii) plus six units (36 points) from the following:

Human resource management

Students need to complete eight units (48 points) from the following list including two units (12 points) at second-year level and two units (12 points) at third-year level.

(i) six of the following units (36 points):

  • MGC1010 Managing people and organisations
  • MGC1020 Organisations: contexts and strategies
  • MGC2230 Organisational behaviour
  • MGC2410 Industrial relations, or
  • MGC2420 Employee relations
  • MGC2430 Human resource management
  • MGC3420 Human resource development, or
  • MGC3430 International human resource management

(ii) plus two unit (12 points) from the following list or units from (i) not previously completed:

  • One or more units listed in (i) above
  • BTC2720 Workplace law
  • ECC3710 Labour economics
  • MGC3130 Management of change
  • MGC3250 Management in small firms
  • MGC3320 Services management
  • MGC3450 Managing conflict
  • MGC3510 Management of technology
  • MKC3120 Marketing implementation
Accounting and finance

Students need to complete a minimum of eight units* offered by the Department of Accounting and Finance, Clayton campus (AFC or Clayton-based AFX units). These must include a minimum of two units at second-year level and two units at third-year level. Separate specialisations may also be obtained in the accounting and finance fields of study (see above).

*Note that students enrolled in the Bachelor of Commerce (Accounting and Finance) (course code 2015) must complete 10 Clayton-based AFC or AFX units, with a minimum of two units at second-year level and three units at third-year level.

Business law and taxation

Students need to complete a minimum of eight units offered by the Department of Business Law and Taxation, Clayton campus (BTC or Clayton-based BTX units). These must include a minimum of two units at second-year level and two units at third-year level.

Economics

Students need to complete a minimum of eight units offered by the Department of Economics, Clayton campus. These must include a minimum of two ECC units at second-year level and two ECC units at third-year level.

Econometrics and business statistics

Students need to complete a minimum of eight units* offered by the Department of Econometrics and Business Statistics, Clayton campus (ETC units). These must include a minimum of two ETC units at second-year level and two ETC units at third-year level.

*Note that students enrolled in the Bachelor of Commerce (Business Statistics) (course code 2016) must complete 10 ETC units, with a minimum of two units at second-year level and three units at third-year level.

Management

Students need to complete a minimum of eight units* offered by the Department of Management, Clayton campus (MGC or Clayton-based MGX units). These must include a minimum of two units at second-year level and two units at third-year level.

*Note that students enrolled in the Bachelor of Commerce (Management) (course code 2017) must complete 10 MGC or Clayton-based MGX units, with a minimum of two units at second-year level and three units at third-year level.

Marketing

Students need to complete a minimum of eight units* offered by the Department of Marketing, Clayton campus (MKC or Clayton-based MKX units). These must include a minimum of two units at second-year level and two units at third-year level.

*Note that students enrolled in the Bachelor of Commerce (Marketing) (course code 3805) must complete 10 MKC or Clayton-based MKX units, with a minimum of two units at second-year level and three units at third-year level.

Professional recognition

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

  • Australian Computer Society
  • Australian Institute of Management
  • Australian Marketing Institute
  • Australian Securities and Investments Commission
  • The Institute of Securities Finance and Banking
  • CPA Australia
  • Tax Agents’ Board
  • The Institute of Chartered Accountants in Australia

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

Dr Ross Booth

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