Monash University Handbook 2011 Undergraduate - Course

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

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
• eight open electives which may be taken from any Faculty of Business and Economics programs and campuses, or from disciplines offered by another faculty. These open electives can, in some cases, form a second major.

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

(a.) 16 units (96 points) from the Faculty of Business and Economics in the Bachelor of Commerce (Accounting) at the student's campus of enrolment as follows:

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

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

(ii.) the following two units (12 points):

• AFC1030 Introduction to financial accounting*
• ECC1100 Principles of macroeconomics

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

• the major must come from the approved majors listed under 'Areas of study'
• at least two units (12 points) must be completed at each of second and third-year levels

* These two units in the major will have already been studied as part of the group of common core units. Students must therefore complete additional unit/s as detailed below.

(iv.) the following two units from the faculty in the Bachelor of Commerce at the student's home campus to reach the required minimum of 16 units:

• AFC2000 Financial institutions and markets
• MGX3100 Management ethics and corporate governance

Additional Bachelor of Commerce (Accounting) degree requirements:

• a maximum of ten first-year level units (60 points)
• a minimum of four third-year level units (24 points) from those offered by the faculty at the student's campus of enrolment
• in addition to specific unit prerequisites, third-year level units require the successful completion of two second-year level units and second-year level units require the successful completion of four first-year level units.

Areas of Study

• Accounting (BCom)

The faculty is currently seeking professional recognition for this course. If granted, this degree with relevant units will be recognised by the following legal entities:

• CPA Australia
• The Institute of Chartered Accountants in Australia
• National Institute of Accountants.

Professional recognition may be dependent upon work experience requirements and the correct choice of units. For further details see http://www.buseco.monash.edu.au/asg/cds/publications/professional-recognition.html.

Bachelor of Commerce (Accounting)