Monash University Handbook 2011 Undergraduate - Course

The Bachelor of Accounting is a specialist degree, based on an industry-based learning scheme with scholarships sponsored by industry. The outstanding feature of the course is two periods of structured industry-based learning. Students selected to undertake the degree are awarded a scholarship of $8000 per annum in their second and third years of study. The scholarships are provided by industry sponsors, who play an important role in the industry-based learning periods. During the industry-based learning periods, students will work in corporate settings and complete specified projects determined jointly by academics and sponsors.

The Bachelor of Accounting aims to produce graduate 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 with relevant units is recognised by the following legal entities:

• Australian Securities and Investments Commission
• Chartered Financial Analysts Institute
• CPA Australia
• Financial Services Institute of Australasia
• 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 14 compulsory units which provide an introduction to the key areas of commerce and satisfy the educational requirements of the three professional accounting bodies in Australia
• two industry-based learning units
• six open electives which if taken in the finance field can form a finance major.

The degree requires completion of 22 units (144 points) over a maximum of 8 years as follows:

(a.) 14 compulsory units (84 points):

• 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
• BTC1110 Business law
• BTC2210 Australian company law
• BTC3150 Taxation law
• ECC1000 Principles of microeconomics
• ETC1000 Business and economic statistics
• MGC1010 Introduction to management

(b.) two industry-based learning units (24 points):

• AFC2888 Industry-based learning period A
• AFC3888 Industry-based learning period B

(c.) six electives (36 points) subject to the following conditions:

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

*Note: Enrolment in units at another campus is subject to there being capacity after students from that campus have enrolled.

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, 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.

Bachelor of Accounting