MONASH UNIVERSITY FACULTY HANDBOOKS

Business & Economics Handbook 1996

Published by Monash University
Clayton, Victoria 3168, Australia

Caution Copyright © Monash University 1996
ISBN 1320-6222

Authorised by Academic Registrar, April 1996


OUTLINE OF UNDERGRADUATE STUDIES -Caulfield and PeninsulaPart 5

CONTENTS

  1. Bachelor of Business (Accounting)/Bachelor of Computing - BBus(Acc)/BComp
  2. Bachelor of Business (Banking and Finance)/Bachelor of Computing - BBus(Bkg&Fin)/BComp
  3. Bachelor of Business (Banking and Finance)/Bachelor of Laws - BBus(Bkg&Fin)/LLB
  4. Bachelor of Business (Management)/ Bachelor of Laws - BBus(Mgt)/LLB
  5. Choice of elective subjects for Bachelor of Business students - Caulfield and Peninsula campuses

Bachelor of Business (Accounting)/Bachelor of Computing - BBus(Acc)/BComp

Course codes: 0406, 1197, 1198

Course director: Mr John Rice (Caulfield), Mr Peter Krueger (Peninsula)

Adviser, computing subjects: Mrs Anne McMillan

The course

This course is a combination of two degree programs. It aims to provide a sound accounting and computing basis that will enable graduates to deal with any form of accounting and business activity, particularly the application of computerised business systems.

Candidates completing this program qualify for the degrees of Bachelor of Business (Accounting) and Bachelor of Computing.

Objectives

On completion of this course students should:

+ have the capacity to synthesise and apply knowledge from separate disciplines in problem analysis;

+ demonstrate independent learning, adaptability and continuity within a constantly changing business and computing environment;

+ be able to apply skills in communication and interpersonal behaviour in both the computing and business areas;

+ be able to apply theoretical business and computing concepts through analysis, application and evaluation, to practical situations;

+ be prepared for postgraduate study in the areas of accounting, computing or both.

Professional accreditation

On graduating, candidates will meet the academic requirements for entry to the professional year of the Australian Society of Certified Practising Accountants and the Institute of Chartered Accountants in Australia and satisfy the requirements of the Australian Computer Society in meeting the level 1 standard of knowledge for membership.

Venue

Day and evening classes are offered at Caulfield campus and day classes only are offered at the Peninsula campus.

Credit for work done elsewhere

The following credit transfers have been standardised for the Bachelor of Business (Accounting)/Bachelor of Computing. In all cases at least sixteen equivalent semester subjects must be completed at Monash University before a candidate is eligible for the award.

+ Members of the Institute of Chartered Secretaries and Administrators will be granted credit for three subjects. Holders of a recognised Certificate of Business Studies are eligible for credit for up to a maximum of four subjects in the course, to be determined by the course director.

+ Holders of an Associate Diploma in Accounting from a TAFE college are eligible for up to a maximum of six subjects on a subject-by-subject basis, depending on the specialisation undertaken in the Associate Diploma in Accounting. A maximum of eight subjects determined by the course director on a subject-by-subject basis is possible for an approved articulation program.

+ Candidates who are members of an approved professional accounting body will be admitted to the equivalent of year two of the course. A list of approved professional bodies is available from the Faculty of Business and Economics administration offices.

Reversion to a single degree

1. Where a candidate seeks to discontinue his or her enrolment in the degree or where a candidate, having completed all requirements for one of the degrees making up the double degree, seeks to continue in only one of either Bachelor of Business (Accounting) or Bachelor of Computing, that candidate shall make application to the relevant faculty in the manner prescribed for new students. Students seeking to graduate in the completed single degree should make application to the relevant faculty.

2. Such applications as may be made under section 1 above will be considered by the relevant faculty, together with all other applications and with regard to quotas applying to the particular course. Applications of this nature may only be made at the commencement of the academic year.

3. Candidates enrolled in the degree, who may be subsequently admitted to either the Bachelor of Business (Accounting) or the Bachelor of Computing under section 2 above, and will complete that single degree in accordance with the regulations pertaining to that award, shall undertake such additional work as may be prescribed by the admitting faculty in order to satisfy all course requirements.

Course structure

Caulfield campus

Year 1

First semester

+ ACC1110 Accounting for financial decision making

+ ECM1640 Business mathematics and statistics

+ SYS1001 Information systems

+ SFT1101 Introduction to software development

+ COT1130 Computer equipment and data communications

Second semester

+ ACC1121 Accounting systems and procedures

+ FIN2161 Statistics for accounting, auditing and finance

+ SYS1252 Systems Analysis

+ SFT1102 Program design and data structures

+ COT1140 Operating systems and database

Year 2

First semester

+ ACC2391 Cost accounting

+ FIN1010 Commercial law

+ MKT1120 Marketing theory and practice

+ Computing major/core

+ Computing elective

Second semester

+ ACC2491 Company reporting

+ FIN1151 Corporations law and trusts

+ Computing corequisite

+ Computing corequisite

Year 3

First semester

+ ACC2431 Management accounting

+ FIN1710 Macroeconomics

+ Computing elective

+ Computing elective

+ Computing elective

Second semester

+ ACC2631 Financial management

+ FIN2710 Microeconomics

+ MGM1300 Introduction to management

+ Computing elective

+ Computing elective

Year 4

First semester

+ ACC3491 Advanced financial accounting theory and practice

+ FIN3931 Taxation law

+ MGM2691 Management of organisational performance

+ Computing project (.5 unit)

Second semester

+ ACC3631 Auditing

+ ACC9011 Elective

+ MGM3511 Strategic management accounting

+ Computing project (.5 unit)

Peninsula campus

Year 1

First semester

+ ACC1110 Accounting for financial decision making

+ ECM1640 Business mathematics and statistics

+ CFR1120 Applications development I

+ CFR1121 Computer programming I

+ CFR1129 Business process analysis

Second semester

+ ACC1121 Accounting systems and procedures

+ FIN2161 Statistics for accounting, auditing and finance

+ CFR1123 Applications development II

+ CFR1124 Computer programming II

+ CFR1125 Computer systems

Year 2

First semester

+ ACC2391 Cost accounting

+ FIN1010 Commercial law

+ CFR2201 Relational database

+ CFR2126 Applications development III

Second semester

+ ACC2491 Company reporting

+ FIN1151 Corporation law and trusts

+ CFR2128 Software engineering

+ CFR2306 Project management for information systems

+ CFR2307 Systems prototyping

Year 3

First semester

+ ACC2431 Management accounting

+ FIN1710 Macroeconomics

+ CFRxxxx Computing elective

+ MKT1120 Marketing theory and practice

Second semester

+ ACC2631 Financial management

+ FIN2710 Microeconomics

+ CFRxxxx Computing elective

+ MGM1300 Introduction to management

Year 4

First semester

+ ACC3491 Advanced financial accounting theory and practice

+ FIN3931 Taxation law

+ CFR3500 Industrial project (.5 unit)

+ MGM2691 Management of organisational performance

Second semester

+ ACC3631 Auditing

+ ACC9011 Elective

+ CFR3500 Industrial project (.5 unit)

+ MGM3511 Strategic management accounting

For 1995 students must accumulate thirty-six credit points of computing electives.

Part-time students

The course will normally take eight to ten years to complete on a part-time basis with the usual load being two or three subjects per semester. Evening classes are available only at the Caulfield campus between the hours of 6 pm and 10 pm with students attending two or three evenings per week. The evening classes are available to Caulfield enrolled students only


Bachelor of Business (Banking and Finance)/Bachelor of Computing - BBus(Bkg&Fin)/BComp

Course code: 1339

Course director: Ms Gerrie Roberts - Banking and Finance

Ms Anne McMillan - Computing

The course

This course aims to produce graduates who are confidently able to evaluate and implement new computer-based information technology in the banking and finance industry.

This course is offered either on a full-time basis of four years duration or on a part-time basis of eight years duration.

Candidates completing this program qualify for the degrees of Bachelor of Business (Banking and Finance) and Bachelor of Computing.

Objectives

The course is designed to produce multi-skilled graduates able to manage both the financial and information technology dimensions of the firm in the banking and finance industry by:

+ developing a thorough understanding of the core business issues in accounting, management, marketing, law, economics and mathematics;

+ developing core information technology competencies in analysis, design, development and deployment of computer-based information systems;

+ providing thorough exposure to a wide range of disciplines to ensure that the graduate achieves a comprehensive business training and develops a broad perspective on business and computing and their role beyond his or her specialised area of interest;

+ developing skills in both the management of interpersonal relationships and communication;

+ developing the historical and theoretical frame of reference needed to evaluate, implement and operate advanced computer technology, particularly in finance related applications;

+ establishing a suitable base for postgraduate study.

Professional accreditation

On graduating, candidates will satisfy the academic requirements of senior associate membership of the Australian Institute of Bankers and also satisfy the highest level of knowledge for full membership of the Australian Computer Society (Level 1).

Venue

Day and evening classes are offered at Caulfield campus.

Credit for work done elsewhere

The following credit transfers have been standardised for the Bachelor of Business (Banking and Finance)/Bachelor of Computing. In all cases at least ninety-six credit points (this equates to eight business subjects and forty-eight credit points for computing subjects) must be completed at Monash University before a candidate is eligible for the award.

Banking and Finance

+ Holders of the AAIB award from the Australian Institute of Bankers are eligible for credit for up to six subjects to be determined by the course director (these will usually include ACC1110, FIN1300, FIN1710, FIN1010).

+ Members of the Institute of Chartered Secretaries and Administrators will be granted credit for three subjects. Holders of a recognised Certificate of Business Studies are eligible for credit for up to a maximum of four subjects in the course, to be determined by the course director.

+ Holders of a relevant associate diploma (with Year-12 entry) from a TAFE college may be eligible for credit up to a maximum of eight subjects.

Computing

The Faculty of Computing and Information Technology has a credit transfer policy which is published in the faculty handbook. In addition to the general credit principles listed there, the faculty credit transfer committee has established articulation arrangements with several TAFE courses, into the Bachelor of Computing with majors in computer technology, information systems and software development. Students with the following completed TAFE associate diplomas are given thirty-six points of first year computing credit.

+ TAFE Associate Diploma of Business (Micro Computing)

+ TAFE Associate Diploma of Business (Computer Programming).

The faculty also has in place several arrangements for advanced standing to applicants with completed international higher diplomas in computer studies from polytechnics and universities in Singapore, Hong Kong and Malaysia.

For more detailed information or advice regarding credit for computing subjects students should contact the FCIT credit and qualifications officer at the faculty office, Caulfield Campus on 9903 2698.

Course structure

Year one

First semester

+ ECM1640 Business mathematics and statistics

+ COT1130 Computer equipment

+ FIN1710 Macroeconomics

+ SYS1001 Information systems

+ MGM1230 Business communication

Second semester

+ SYS1252 Systems analysis

+ ACC1110 Accounting and financial decision making

+ FIN1300 Money and capital markets

+ FIN1010 Commercial law

+ FIN2710 Microeconomics

Year two

First semester

+ FIN2401 Commercial banking and finance*

+ SFT1101 Introduction to software development

+ MKT1120 Marketing theory and practice*

+ MGM1300 Introduction to management

Second semester

+ FIN2601 Banking law*

+ COT1140 Operating systems

+ SFT1102 Program design and data structures

+ SYS2168 Systems design and implementation#

Year three

First semester

+ COT2200 Systems security and privacy**

+ SFT2201 Software engineering practice#

+ COT2138 Relational database#

+ MKT2111 Buyer behaviour

Second semester

+ ACC2051 Financial modelling

+ FIN3931 Taxation law

+ FIN2801 Lending law

+ FIN3651 Treasury management

+ COT2004 Data communications and networks**

Year four

First semester

+ ACC2631 Financial management*

+ FIN3841 Lending decisions*

+ FIN3331 International banking and finance

+ COT3500 Industrial project (part 1)##

+ MGM3401 Strategic management

Second semester

+ MKT3141 Issues in competitive advantage

+ COT3030 Graphical user interface technology

+ COT3500 Industrial project (part 2)##

One computing elective to be selected from:

+ COT3020 Network technology

+ COT3000 Physical database design and implementation

The above description shows the course structure with a major in computer technology. Other majors from the computing area may become available in the future.

* Subjects with asterisks are required to satisfy the educational requirements
for senior associate membership of the Australian Institute of Bankers.

# Eight credit points.

** Four credit points.

## COT3500 Part 1 and Part 2 is a full-year subject.

Notes

1. The progression above meets the requirements for the Bachelor of Computing with a major in computer technology.

2. Subjects with an asterisk or left blank attract six credit points.


Bachelor of Business (Banking and Finance)/Bachelor of Laws* - BBus(Bkg&Fin)/LLB

* This course is under review and, in order to satisfy degree requirements
will incorporate changes made to the Bachelor of Business core and the 
Bachelor of Laws core. Students are advised to contact the 
Department of Banking and Finance for the revised structure.
Course code: 0816

Course director: Ms Yve Yamouni

The course

This combined course is designed for students seeking either a career in law or in the banking and finance industry. Some students may already be involved in the banking and finance industry and seeking to gain relevant tertiary qualifications on a full-time or part-time basis. In addition to providing a core of law and business foundation subjects the course provides specialist study in key areas.

Objectives

The objectives for the Bachelor of Business (Banking and Finance)/Bachelor of Laws double degree are to:

+ provide a course of direct relevance to careers in the legal profession and in business specifically in the banking and finance industry, which should allow the graduate to make an early contribution;

+ provide thorough exposure to a wide range of disciplines to ensure that the graduate achieves a comprehensive legal and business training and develops a broad perspective on business and law and their roles beyond his or her specialised area of interest;

+ provide an education that emphasises the changing nature of the theory and practice of business and law, thereby encouraging the student to become an independent learner cognisant of his or her needs for continuing education;

+ develop skills in communication and interpersonal behaviour, allowing students to work effectively both in a team and independently;

+ develop the capacity to synthesise and apply knowledge from a number of separate disciplines when analysing specific problems;

+ establish a suitable basis for postgraduate study.

Venue

The first three years of the course will be combined studies in business and law and require students to study at the Caulfield and Clayton campuses. The remaining two years will be undertaken at the Faculty of Law, Clayton campus.

Credit for work done elsewhere

Information on credit for work done elsewhere will be available from the relevant faculty administration offices.

Entry requirements

Candidates for this double degree are required to meet the individual entry requirements of both the Bachelor of Laws and the Bachelor of Business (Banking and Finance).

Course structure

Subjects offered at Caulfield campus are taught by the Faculty of Business and Economics. Subjects taught by the Faculty of Law at Clayton campus are marked with an asterisk (*).

Year One

First semester

+ FIN1710 Macroeconomics

+ ECM1640 Business mathematics and statistics

+ ACC1110 Accounting and financial decision making

+ LAW1100 Legal process (equivalent of 2 units)* full-year subject

Second semester

+ FIN1300 Money and capital markets

+ MGM1300 Introduction to management

+ FIN2710 Microeconomics

Year two

First semester

+ FIN2331 Monetary theory and policy

+ FIN2401 Commercial banking and finance

+ MKT1120 Marketing theory and practice

+ LAW2100 Contract (equivalent of 2 units)* full-year subject

Second semester

+ FIN2171 Business statistics and forecasting

+ FIN3841 Lending decisions

+ ACC2631 Financial management

Year three

First semester

+ FIN3651 Treasury management

+ MGM3231 Strategic planning for financial institutions

+ LAW2200 Torts (equivalent of 2 units)* full-year subject

+ LAW3400 Property (equivalent of 2 units)* full-year subject

Second semester

+ FIN3331 International banking and finance

+ MKT3141 Issues in competitive advantage

Year 4

+ LAW3100 Administrative law* full-year subject

+ LAW3200 Constitutional law* full-year subject

+ LAW3300 Criminal law and procedure* full-year subject

+ and optional law subjects totalling 45 value points*

Year 5

+ LAW5500 Moot court* full-year subject

+ and optional law subjects totalling 135 value points*

It is recommended that double degree Bachelor of Business (Banking and Finance)/Bachelor of Laws students study LAW4104 (Australian banking law) and LAW5105 (Credit and security law) as electives in year 4 or year 5 in order to fulfil the educational requirements for senior associate membership of the Australian Institute of Bankers. Electives should be planned carefully as those electives are not usually offered every semester.

Full details of each subject are available in the handbooks of the Faculty of Business and Economics and the Faculty of Law.


Bachelor of Business (Management)/ Bachelor of Laws - BBus(Mgt)/LLB

Course code: 0817

Management adviser: Ms Mary Anderson

The course

The combined course is designed for full-time students seeking either a career in law or in management. In addition to providing a core of law and business foundation subjects the course provides specialist study in key areas.

Venue

The first three years of the course will be combined studies in business and law and require students to study at the Caulfield and Clayton campuses. The remaining two years will be undertaken at the Faculty of Law, Clayton campus.

Credit for work done elsewhere

Information on credit for work done elsewhere will be available from the relevant faculty administration office.

Entry requirements

Candidates for this combined degree are required to meet the individual entry requirements of both the Bachelor of Laws and the Bachelor of Business (Management).


Choice of elective subjects for Bachelor of Business students - Caulfield and Peninsula campuses

Candidates enrolled in any of the disciplines of the Bachelor of Business should discuss their choices of electives with their course director before entering the second year of the degree, so that a cohesive program can be planned.

Candidates enrolled in distance education courses in any of the disciplines of the Bachelor of Business should discuss their choices of electives with their course director and will select from a number of business-related subjects offered through the Distance Education Centre.

Candidates may take as electives in their own course any of the compulsory subjects offered in another Bachelor of Business discipline provided that the subjects chosen do not duplicate the content of any compulsory subject in their own course. In addition, a number of non-compulsory subjects may be taken, provided always that the necessary prerequisites are met. They are:

+ ACC2681 Corporate takeovers and insolvency

+ ACC2800 Financial controls in management

+ ACC3001/3011 Special studies subject

+ ACC3051 Advanced financial modelling

+ ACC3331 Multinational financial management

+ ACC3621 Advanced financial management

+ ACC3641 EDP auditing and controls

+ ACC3681 Behavioural aspects of accounting

+ ACC3691 Accounting theory

+ ACC3711 Public sector financial management

+ COT1720 Business information technology

+ COT3180 Principles of data base systems

+ FIN1151 Corporations law and trusts

+ FIN1210 Business Japanese 1

+ FIN1240 Business Chinese 1

+ FIN1311 Business Japanese 2

+ FIN1341 Business Chinese 2

+ FIN2161 Statistics for accounting auditing and finance

+ FIN2171 Business statistics and forecasting

+ FIN2181 Marketing law

+ FIN2301 Money market operations

+ FIN2751 Futures and options markets

+ FIN2841 Business decision methods

+ FIN2991 Law and managerial responsibility

+ FIN3001/3011 Special studies subject

+ FIN3091 Regulation of the securities industry

+ FIN3101 Financial regulation: theory and practice

+ FIN3111 Personal financial planning

+ FIN3121 Investments and portfolio management

+ FIN3131 Capital gains tax

+ FIN3141 Indirect and other taxes

+ FIN3151 Japanese banking and finance

+ FIN3201 International law

+ FIN3291 Multinational trade and investment

+ FIN3301 Case studies in international trade

+ FIN3321 Financial instruments in foreign capital markets

+ FIN3351 Investment banking

+ FIN3441 Taxation administration

+ FIN3451 Tax of companies, trusts and partnerships

+ FIN3461 Remuneration and retirement packages

+ FIN3491 International taxation

+ FIN3731 Managerial economics

+ FIN3951 Tax planning

+ MGM2300 Meeting procedures and decision making

+ MGM2641 Managerial communication

+ MGM2681 International management

+ MGM2821 HRM information systems

+ MGM3021 Issues in administration

+ MGM3361 Performance management

+ MGM3381 Information management

+ MGM3441 Human resource management strategy and planning

+ MGM3860 International manufacturing project 1

+ MGM3870 International manufacturing project 2

+ MGM3881 Current issues in human resource management

+ MGM3901 New enterprise management

+ MKT2501 Retail management principles

+ MKT2761 Agribusiness marketing management

+ MKT2800 Logistics elements

+ MKT3001/3011 Special studies subjects

+ MKT3201 Business marketing

+ MKT3301 Services marketing

+ MKT3401 Promotion: direct and public relations/publicity

+ MKT3421 Advanced marketing research

+ MKT3501 Retail buying and merchandising

+ MKT3531 International marketing

+ MKT3610/3611 Retail internship

+ MKT3621 Advertising management

+ MKT3631 Marketing internship

+ MKT3641 Sales management

+ MKT3651 Manufacturing processes

+ MKT3701 Advanced international marketing

+ MKT3711 Financial services marketing

+ MKT3741 Advanced marketing research - quantitative techniques

+ MKT3751 Advanced marketing research - qualitative techniques

+ MKT3761 International agribusiness

+ MKT3771 Sales promotion and public relations

+ MKT3781 Direct marketing

+ MKT3791 Marketing high technology products

+ MKT3801 Logistics systems and strategy

Candidates should be aware that not all electives are offered in each semester. The faculty administration offices will have information on the availability of specific subjects before each enrolment period.

It is also possible to study as an elective any other business undergraduate subject provided that the necessary prerequisites have been met. In addition business students are permitted to study as an elective a degree subject offered by another faculty or department at Monash University, provided that this is approved by the appropriate course director and the faculty or department teaching the subject. Forms for this purpose are obtainable from Syme Business administration offices.


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