Monash University Handbook 2011 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
• Chartered Financial Analysts Institute
• 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
• four 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.) 20 units (120 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.*

• the requirements of the majors are listed under 'Areas of study'

* Note: One or more of the units in the major may have already been studied as part of the group of common core units.

(b.) four open electives (24 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

** 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), 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.

Areas of Study

• Accounting (BCom)
• Finance (BCom)

Bachelor of Commerce (Accounting and Finance)