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Monash University

Bachelor of Commerce (Accounting and Finance)

Course code: 2015 ~ Course abbreviation: BCom(Acc&Fin) ~ Total points required:144 ~ 3 years full-time, 6 years part-time ~ Managing faculty: Business and Economics

Study mode and course location

On-campus (Clayton)

Course description

This course provides professional education for those wishing to become accounting and/or finance professionals. It has a strong emphasis on developing analytical skills and offers a solid grounding and professional competence in all aspects of commerce required for careers in the business or public sector.

Course objectives

The learning goals of the course are for students to: develop an understanding of the key issues facing the Australian and international economy, and the role of business and government in improving the welfare of our societies; develop general analytical and technical skills in the faculty disciplines of economic analysis, quantitative and computer methods, accounting and finance, management, marketing, and business law; develop specialised analytical and technical skills in accounting and/or finance to assist with problem solving in their future careers in business, the public sector and the professions; develop effective oral, written and interpersonal communication skills; develop a capacity for independent critical analysis and a desire for future learning through examination of the latest ideas and research from Australia and overseas.

Course structure

The course structure has three main components:

  • a set of core units which provide an introduction to the key areas of commerce;
  • a major in either accounting or finance. All units taken as part of this major must be from your campus of enrolment;
  • eight open electives which may be taken from any Faculty of Business and Economics programs and campuses, or from disciplines offered by another faculty. These open electives can, in some cases, form a second major.

Course requirements

The degree requires completion of 24 units (144 points) over a maximum of 10 years as follows:

(a) 16 units (96 points) from the faculty in the Bachelor of Commerce at the Clayton campus as follows:

(i) six compulsory common core units (36 points)

(ii) a major of 10 units (60 points) in accounting or finance

  • the major must come from the approved list of majors below
  • at least two units (12 points) must be completed at second-year level and three units (18 points) at third-year level

(iii) additional units from the faculty in the Bachelor of Commerce at the Clayton campus to reach the required minimum of 16 units

(b) eight open electives (48 points)

  • may be taken from disciplines offered by another faculty
  • may be taken from any Faculty of Business and Economics programs and campuses

Additional degree requirements:

  • a maximum of 10 first-year level units (60 points)
  • a minimum of six third-year level units (36 points), of which at least four units (24 points) must be from those offered by the faculty at the Clayton campus
  • 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

Specified Majors
Accounting

(a) the following five units

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

(b) five units from the following list:

  • AFC2851 Accounting 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
Finance

(a) the following three 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 AFX3871 International study program in banking and finance
  • AFC3340 Options, financial futures and other derivatives
  • AFC3440 Pension and financial planning
  • AFC3540 Modelling in finance
  • AFX3355 Property investment

(c) five units from the following list or units from (b) not previously completed:

Generic Majors
Accounting and finance

Students need to complete a minimum of ten units offered by the Department of Accounting and Finance, Clayton campus (AFC or Clayton-based AFX units).

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
  • Tax Agents' Board
  • The Institute of Chartered Accountants in Australia.

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

Contact details

Telephone +61 3 9905 2327; Email enquiries.clayton@buseco.monash.edu.au

Course coordinator

Dr Ross Booth