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Monash University

Bachelor of Accounting

Course code: 0169 ~ Course abbreviation: BAcc ~ Total points required: 144 ~ 3 years full-time ~ Managing faculty: Business and Economics

Study mode and course location

On-campus (Clayton)

Course description

The Bachelor of Accounting is a specialist degree, based on a co-operative 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 objectives

The learning goals of the course are to: experience an academically challenging and accelerated program combined with an industry-based learning process that reinforces theoretical concepts in a practical work environment; develop interpersonal skills and group problem-solving techniques in a practical work environment; develop effective communication skills through the preparation of projects and industry-based learning reports; develop personal attributes and skills at the workplace that are consistent with sponsor (employer) expectations as a consequence of the industry-based assessment; develop a capacity for independent critical analysis and a desire for future learning through examination of the latest ideas and research in accounting from Australia and overseas.

Course structure

The course structure has four main components:

  • a set of core units which provide an introduction to the key areas of commerce;
  • a major in accounting;
  • three industry-based learning units. 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.
  • four open electives which if taken in the finance field can form a finance major.

Course requirements

First year

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

Additional degree requirements:

  • a maximum of 10 first-year level units (60 points)
  • a minimum of six third-year level units (36 points)
  • in addition to specific unit prerequisites, third-year level units require the successful completion of two second-year level units and second-year level units require the successful completion of four first-year level units

Units required for specified majors

Finance

(a) the following two units:

(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 futures and other derivatives
  • AFC3440 Pension and financial planning
  • AFC3540 Modelling in finance

(c) AFC3051 and either AFC2050 or AFC2051*

    * To complete a finance major, two of the industry-based learning components must be taken in a finance-related area.

Professional recognition

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

  • Australian Securities and Investments Commission
  • Financial Services Institute of Australasia
  • CPA Australia
  • The Institute of Chartered Accountants in Australia
  • Tax Agents' Board.

Professional recognition may be dependent upon work experience requirements and the correct choice of units.

Contact details

Telephone +61 3 9905 8130; Email: BAcc.Officer@buseco.monash.edu.au

Course coordinator

Mr Kim Wyatt