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Monash University

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Professional recognition - Faculty of Business and Economics

The Faculty of Business and Economics offers both specialist and generalist degrees that enable graduates to satisfy educational requirements for professional registration or membership. During the course of their studies, students should be careful to ensure that the units in which they enrol are those required for their profession of choice. The following tables and notes provide details of the units required for selected professional registration or membership.

Accounting: associate membership of and entry to CPA Program of CPA Australia

The following tables show the core units and two elective units accredited by CPA Australia. While CPA Australia does not require the elective units for admission as an associate member, students are advised to include the elective units in their course. CPA status and full membership of CPA Australia requires completion of a three-year practical experience mentor program and the CPA Program, which comprises three core and three elective segments.

Caulfield

Core units
  • AFF1000 Principles of accounting and finance
  • AFF1121 Introduction to financial accounting
  • AFF2391 Cost information for decision making
  • AFF2491 Company reporting
  • AFF2631 Financial management
  • AFF2851 Accounting information systems and financial modelling
  • AFF3431 Performance measurement and control
  • AFF3491 Advanced financial accounting theory and practice
  • BTF1010 Commercial law
  • BTF2220 Corporations law and trusts
  • ECF1100 Microeconomics
  • ECF1200 Macroeconomics
  • ETX1100 Business statistics
  • MGF1010 Introduction to management
Elective units

Clayton

Core units
  • AFC1000 Principles of accounting and finance
  • AFC1030 Introduction to financial accounting
  • AFC2120 Financial accounting
  • AFC2131 Cost information for decision making
  • AFC2140 Business finance
  • AFC3120 Advanced financial accounting
  • AFC3131 Performance measurement and control
  • BTC1110 Business law **
  • BTC2210 Australian company law**
  • ECC1000 Principles of microeconomics
  • ECC1100 Principles of macroeconomics
  • ETC1000 Business and economic statistics
  • MGC1010 Introduction to management
Elective units

* Law students must substitute the units in the table above with the following units: LAW2101 (Contract A), LAW2102 (Contract B), LAW4171 (Corporations law 406), LAW5152 (Taxation law 506).

Berwick, Gippsland, Peninsula and Sunway

Core units
  • AFW1000 Principles of accounting and finance
  • AFW1002 Introduction to financial accounting
  • AFW2851 Accounting information systems and financial modelling
  • AFW2020 Cost information for decision making
  • AFW2491 Company reporting
  • AFW2631 Financial management
  • AFW3021 Performance measurement and control
  • AFW3040 Accounting theory
  • AFW3050 Financial accounting issues
  • BTW1200 Business law
  • BTW2220 Corporations law and trusts *
  • ECW1101 Introductory microeconomics
  • ECW1102 Introductory macroeconomics
  • ETW1102 Business statistics *
  • MGW1010 Introduction to management
Elective units

* Students enrolled in the Bachelor of Business and Commerce at Sunway must substitute the units in the table above with the following units: BTW2213 (Malaysian company law), ETW1000 (Business and economic statistics), BTW3153 (Malaysian income tax law).

Accounting: entry to the Chartered Accountants Program of The Institute of Chartered Accountants in Australia

The following lists show the units accredited by the ICAA and which satisfy the educational requirements for admission to the Chartered Accountants Program. Full membership of the ICAA requires completion of mentored work experience and the Chartered Accountants Program, which comprises four technical modules and one final integrative module.

Caulfield

  • AFF1000 Principles of accounting and finance
  • AFF1121 Introduction to financial accounting
  • AFF2391 Cost information for decision making
  • AFF2491 Company reporting
  • AFF2631 Financial management
  • AFF3431 Performance measurement and control
  • AFF3491 Advanced financial accounting theory and practice
  • AFF3631 Auditing and assurance
  • BTF1010 Commercial law
  • BTF2220 Corporations law and trusts
  • BTF3931 Taxation law

Clayton

    *Law students must substitute the following set of units for those mentioned in the above table: LAW1101 Introduction to legal reasoning, LAW2101 Contract A, LAW2102 Contract B, LAW4171 Corporations law 406, LAW5152 Taxation law 506

Berwick, Gippsland, Peninsula and Sunway

Auditor: registration with Australian Securities and Investments Commission (ASIC)

Students who intend to satisfy the educational requirements for registration as an auditor with ASIC must complete a degree program that includes three years of accounting - including the unit AFC3160/AFF3631/AFW3041 (Auditing and assurance) - and two years of commercial law - including the units BTF2220/BTW2220 (Corporations law and trusts) or BTC2210 (Australian company law). In addition, applicants for registration as an auditor must also have a level of practical experience prescribed in the Corporations Regulations 2001 [regulation 9.2.01] and have completed a specialist auditing course such as those run by the ICAA or CPA Australia [regulation 9.2.03].

Financial Services Institute of Australasia (FINSIA)

A number of bachelor degree programs offered by the faculty satisfy the educational requirements of this institute.

Computing: provisional membership of the Australian Computer Society (ACS)

Faculty of Information Technology undergraduate degrees (Bachelor of Information Technology and Systems) are accredited by the ACS as meeting the standard of knowledge for professional-level membership. Contact the Faculty of Information Technology for further information. Graduates of degrees accredited at the professional level by ACS satisfy the educational requirements for admission as a provisional member; advancement to member requires four years of relevant IT experience.

Financial product adviser

A number of units offered by the Department of Accounting and Finance meet the training standards set down by the Australian Securities and Investment Commission's Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146: formerly PS146). Students who are contemplating a career in financial planning are advised to consult the Training Register at http://www.asic.gov.au/asic/asic.nsf/byheadline/ASIC+Training+Register?openDocument or a course adviser prior to enrolment.

Management: affiliate status with the Australian Institute of Management (AIM)

The degrees in accounting, business, commerce, economics and tourism offered by the faculty are approved educational qualifications for affiliate status. Affiliates can advance to member within five years or less if they can meet AIM's requirement of proven management achievement.

Marketing: associate membership of the Australian Marketing Institute (AMI)

Graduates who major in marketing satisfy the educational requirements for admission as an associate member. Membership of AMI is graded into categories which reflect members' practical experience, professional achievements and formal education. Associate members are encouraged to upgrade their status as their career progresses.

Psychology: conditional affiliate status with the Australian Psychology Accreditation Council (APAC)

The Bachelor of Psychology and Management/Marketing at Caulfield has a conditional APAC accredited three year sequence of study in psychology.