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Undergraduate Handbook 2009 - Faculty of Business and Economics

Business and Economics

 

Faculty information

Course information

Course-related policies and rules

Introduction to the faculty - Faculty of Business and Economics

The Faculty of Business and Economics offers its programs on the Berwick, Caulfield, Clayton, Gippsland and Peninsula campuses in Victoria, the Sunway campus near Kuala Lumpur in Malaysia, and the Monash South Africa campus near Johannesburg. The faculty has over 19,000 students enrolled in undergraduate degrees, masters degrees by both research and coursework and the doctor of philosophy degree.

The Faculty of Business and Economics is accredited by the Brussels-based European Federation of Management Development to European Quality Improvement System (EQUIS) standards and currently seeking accreditation to The Association to Advance Collegiate Schools of Business Standards. Accreditation establishes Monash's Faculty of Business and Economics as one of the world's leading higher education institutions in management and business administration. At a program level the Faculty’s MBA program is internationally accredited by the London-based Association of MBAs (AMBA).

 

Campuses, schools, departments and centres

Campuses

Berwick

Level 1, Building 901

Clyde Road

Berwick, Victoria 3806

Caulfield

Level 1, Building A

900 Dandenong Road

Caulfield East Victoria 3145

Clayton

Level 2, East Wing, Building 11

Wellington Road

Clayton, Victoria 3800

Gippsland

Building 5N

Northways Road

Churchill, Victoria 3842

Peninsula

Level 3, Building D

McMahons Road

Frankston, Victoria 3199

Schools

Sunway


Jalan Lagoon Selatan

46150, Bandar Sunway

Petaling Jaya, Selangor

Malaysia

South Africa

144 Peter Road

Ruimsig, Roodepoort 1725

South Africa

Departments

  • Accounting and Finance
  • Business Law and Taxation
  • Econometrics and Business Statistics
  • Economics
  • Management
  • Marketing

Faculty research centres and units

  • Asian Business and Economics Research Unit
  • Australian Centre for Research in Employment and Work
  • Australian Supply Chain Management Research Unit
  • Banking and Finance Unit (Sunway)
  • Business and Economic Forecasting Unit
  • Centre for Health Economics
  • Centre for Increasing Returns and Economic Organisation
  • Centre for Modelling of Stochastic Systems
  • Centre of Policy Studies
  • Consumers and Retail Research Unit
  • Economic and Business Modelling Unit (Sunway)
  • Family and Small Business Research Unit
  • Malaysian Business Unit (Sunway)
  • Monash Tourism Research Unit
  • Taxation Law and Policy Research Institute
  • Work and Employment Rights Research Centre

Further information on faculty and University research groups is published at http://www.buseco.monash.edu.au/research/centres/index.html.

Essential information for students

Regulations and policies

All faculty regulations and policies are published on the Faculty of Business and Economics website at http://www.buseco.monash.edu.au/secretariat/policies/

Course maps and choosing units

Detailed course maps for all undergraduate degrees are published at http://www.buseco.monash.edu.au/student/progression/index.html.

Staff from Student Services' are available to advise students on their unit choice and students are encouraged to use this service (see contact details at http://www.monash.edu.au/pubs/handbooks/undergrad/bus-01a.html).

It is each student's responsibility to ascertain, from the information provided in this handbook and the websites listed above, the units required for their degree. The approval of students' enrolment by the faculty does not relieve them of this responsibility.

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.

 

Unit codes - Faculty of Business and Economics

Units are listed in alphabetical and then numerical order. The first two alphabetical characters of the unit code indicate the departmental ownership of the unit:

  • AF - Accounting and Finance
  • BE - faculty-owned units (business and commerce honours units, study abroad units, cross institutional units, exchange units)
  • BT - Business Law and Taxation
  • ET - Econometrics and Business Statistics
  • EC - Economics
  • MG - Management
  • MK - Marketing

The third alphabetical character indicates degree family:

  • C - Bachelor of Commerce, Bachelor of Economics, Bachelor of Accounting degrees at Clayton
  • F - Bachelor of Business programs at Caulfield
  • W - Units offered within the Bachelor of Business and Commerce programs at Berwick, Gippsland, Peninsula, South Africa and Sunway
  • X - Multi-campus or multi-family

The first digit indicates the year level at which the unit is available and the remaining digits the unit number:

  • 1xxx - First-year undergraduate-level units
  • 2xxx - Second-year undergraduate-level units that normally assume prior knowledge of the discipline or areas of study at the preceding level
  • 3xxx - Third-year undergraduate-level units that normally assume prior knowledge of the discipline or areas of study at the preceding levels
  • 4xxx - Fourth-year-level units offered in honours and postgraduate degrees that assume prior knowledge of the discipline at the preceding levels and that build on knowledge gained in an undergraduate degree in a related discipline and relevant employment experience.

 

Courses offered in 2009 - Faculty of Business and Economics

Berwick

Single degrees

  • 2224 Bachelor of Business and Commerce

Double degrees

  • 1941 Bachelor of Business and Commerce and Bachelor of Communication
  • 3831 Bachelor of Business and Commerce and Bachelor of Information Technology and Systems

Honours degrees

  • 3169 Honours degree of Bachelor of Business and Commerce

Caulfield

Single degrees

  • 3806 Bachelor of Business
  • 0315 Bachelor of Business (Accounting)
  • 0312 Bachelor of Business (Banking and Finance)
  • 3154 Bachelor of Business (Law)
  • 0316 Bachelor of Business (Management)
  • 0314 Bachelor of Business (Marketing)
  • 2601 Bachelor of Psychology and Management/Marketing

Double degrees

  • 0550 Bachelor of Arts and Bachelor of Business (Accounting)
  • 0553 Bachelor of Arts and Bachelor of Business (Banking and Finance)
  • 0555 Bachelor of Arts and Bachelor of Business (Management)
  • 0556 Bachelor of Arts and Bachelor of Business (Marketing)
  • 1333 Bachelor of Business (Accounting) and Bachelor of Business (Banking and Finance)
  • 1334 Bachelor of Business (Accounting) and Bachelor of Business (Management)
  • 0816 Bachelor of Business (Banking and Finance) and Bachelor of Laws
  • 1337 Bachelor of Business (Management) and Bachelor of Business (Marketing)
  • 3819 Bachelor of Business and Bachelor of Visual Arts

Honours degrees

  • 0508 Honours degree of Bachelor of Business

Clayton

Single degrees

  • 0169 Bachelor of Accounting
  • 0179 Bachelor of Commerce
  • 2015 Bachelor of Commerce (Accounting and Finance)
  • 0023 Bachelor of Economics

Double degrees

  • 0542 Bachelor of Arts and Bachelor of Commerce
  • 0170 Bachelor of Arts and Bachelor of Economics
  • 4403 Bachelor of Arts (Global) and Bachelor of Commerce
  • 3804 Bachelor of Biomedical Science and Bachelor of Economics
  • 3823 Bachelor of Commerce and Bachelor of Aerospace Engineering
  • 3830 Bachelor of Commerce and Bachelor of Business Information Systems
  • 1319 Bachelor of Commerce and Bachelor of Economics
  • 2026 Bachelor of Commerce and Bachelor of Education
  • 0548 Bachelor of Commerce and Bachelor of Engineering
  • 0546 Bachelor of Commerce and Bachelor of Laws
  • 3834 Bachelor of Commerce and Bachelor of Mechatronics Engineering
  • 1469 Bachelor of Commerce and Bachelor of Science
  • 1185 Bachelor of Music and Bachelor of Commerce
  • 2630 Bachelor of Pharmacy and Bachelor of Commerce

Honours degrees

  • 0181 Honours degree of Bachelor of Commerce
  • 0024 Honours degree of Bachelor of Economics

Gippsland

Single degrees

  • 3813 Associate Degree in Business and Commerce
  • 2224 Bachelor of Business and Commerce
  • 1718 Bachelor of Business Studies
  • 1834 Diploma of Business

Double degrees

  • 1807 Bachelor of Arts and Bachelor of Business and Commerce
  • 3727 Bachelor of Business and Commerce and Bachelor of Education (Primary)
  • 3831 Bachelor of Business and Commerce and Bachelor of Information Technology and Systems
  • 3832 Bachelor of Business and Commerce and Bachelor of Visual Arts
  • 3820 Bachelor of Civil and Environmental Engineering and Bachelor of Business and Commerce
  • 3511 Bachelor of Science and Bachelor of Business and Commerce

Honours degrees

  • 3169 Honours degree of Bachelor of Business and Commerce

Peninsula

Single degrees

  • 2224 Bachelor of Business and Commerce

Double degrees

  • 3202 Bachelor of Business and Commerce and Bachelor of Sport and Outdoor Recreation

Honours degrees

  • 3169 Honours degree of Bachelor of Business and Commerce

South Africa

Single degrees

  • 2224 Bachelor of Business and Commerce

Sunway

Single degrees

  • 2224 Bachelor of Business and Commerce

Double degrees

  • 1941 Bachelor of Business and Commerce and Bachelor of Communication

Honours degrees

  • 3169 Honours degree of Bachelor of Business and Commerce

Courses with no intake

Current students enrolled in the following degrees should refer to the handbook entry for the year in which they commenced their course:

  • 1807 Bachelor of Arts / Bachelor of Business and Commerce (Peninsula)
  • 2902 Bachelor of Business (Human Resource Management)
  • 3829 Bachelor of Business / Bachelor of Information Technology and Systems
  • 3826 Bachelor of Innovation and Enterprise

13 October 2017 04 May 2024

 
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