Monash University Handbook 2010 Undergraduate - Course

This course provides professional education for those wishing to become accounting and 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.

The Bachelor of Commerce (Accounting and Finance) aims to produce graduates who will:

(a.) be critical and creative scholars who:

• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively

(b.) be responsible and effective global citizens who:

• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values

(c.) have a comprehensive understanding of their discipline and be able to provide discipline based solutions relevant to the business, professional and public policy communities that we serve

(d.) be able to construct conceptual frameworks and use these to analyse complex issues in the corporate sector, government and the professions.

This degree 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.

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

For further details visit http://www.buseco.monash.edu.au/asg/cds/publications/professional-recognition.html.

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 accounting and finance
• five open electives which may be taken from any Faculty of Business and Economics programs and campuses, or from disciplines offered by another faculty.

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

(a.) 19 units (114 points) from the faculty in the Bachelor of Commerce at the Clayton campus as follows:

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

• AFC1000 Principles of accounting and finance
• BTC1110 Business law
• ECC1000 Principles of microeconomics
• ETC1000 Business and economic statistics
• MGC1010 Introduction to management
• MKC1200 Principles of marketing

(ii.) a major of eight units (48 points) in accounting

(iii.) a major of eight units (48 points) in finance:

• at least two units (12 points) must be completed at second-year level and two units (12 points) at third-year level

(b.) five open electives (30 points):

• may be taken from disciplines offered by another faculty
• may be taken from any Faculty of Business and Economics programs and campuses
• may be used to complete the requirements for membership by CPA Australia, The Institute of Chartered Accountants in Australia and National Institutute of Accountants. Details of the units required for membership can be found at http://www.buseco.monash.edu.au/asg/cds/publications/professional-recognition.html

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, second-year level units require the successful completion of three first-year level units and third-year level units require the successful completion of two second-year level units.

Units required for specified majors

Accounting

(a.) The following eight units:

• AFC1000 Principles of accounting and finance
• AFC1030 Introduction to financial accounting
• AFC2120 Financial accounting
• AFC2131 Cost information for decision making
• AFC2140 Corporate finance
• AFC3120 Advanced financial accounting
• AFC3131 Performance measurement and control
• AFC3160 Auditing and assurance

Finance

(a.) The following three units:

• AFC1000 Principles of accounting and finance
• AFC2140 Corporate finance
• AFC3140 Advanced corporate finance

(b.) two units from the following list:

• AFC2000 Financial institutions and markets
• 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
• AFC3340 Options, financial futures and other derivatives
• AFC3440 Pension and financial planning
• AFC3540 Modelling in finance
• AFX3355 Property investment
• AFX3871 International study program in banking and finance

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

• BTC3130 Stock exchange and derivatives law
• BTC3200 Finance law
• ECC3660 Monetary economics
• ETC2430 Actuarial statistics
• ETC3460 Financial econometrics
• ETC3440 Introductory econometrics

Bachelor of Commerce (Accounting and Finance)