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 1

CONTENTS

  1. Bachelor of Business (Accounting) - BBus(Acc)
  2. Bachelor of Business (Accounting) (Honours) - BBus(Acc)(Hons)
  3. Bachelor of Business (Agribusiness) - BBus(Agribus)
  4. Bachelor of Business (Banking and Finance) - BBus(Bkg&Fin)
  5. Bachelor of Business (Banking and Finance) by distance education - BBus(Bkg&Fin)

Responsibility for subject choice

Students are advised that, while the faculty will endeavour to give every possible assistance and advice concerning subject choice, the onus is on the student to ensure that the subjects selected meet the course regulations and requirements. This is not the faculty's responsibility and the faculty does not take any responsibility for error in subject selection.


Bachelor of Business (Accounting) - BBus(Acc)

Course code: 0315

Course director: Mr Denis Fettes

The course

The Bachelor of Business (Accounting) course is designed to provide graduates with high level skills in both the specialised field of accounting and the general field of business management. Graduates will be capable of pursuing careers in professional accounting and a wide range of business fields.

The course blends a conceptual theoretical framework with practical applications and covers basic discipline material through to more specialised accounting strand requirements. Graduates will be well equipped to seek employment in both private and public-sector enterprises.

Objectives

On completion of this course students should:

+ be able to apply rigorous theoretical and practical skills in accounting and corporate finance, as a basis for professional practice;

+ have developed skills in management, marketing, economic principles, quantitative methods and strategic thinking;

+ demonstrate the capacity to effectively synthesise and communicate knowledge when analysing and solving problems;

+ appreciate the need for independent learning, adaptability and continuing education to meet the demands of a constantly changing business environment;

+ have developed skills in interpersonal behaviour along with critical, analytical and technical skills within the accounting environment;

+ have satisfied the membership requirements of the Australian Society of Certified Practising Accountants, the Institute of Chartered Accountants in Australia and the Institute of Chartered Secretaries and Administrators;

+ be ready for the market place in terms of practical knowledge and technical competence.

Professional accreditation

The Bachelor of Business (Accounting) is recognised by both the Australian Society of Certified Practising Accountants and the Institute of Chartered Accountants in Australia as meeting academic requirements for membership. However, students are advised to note the specific requirements for each of these bodies.

Venue

Day and evening classes are offered at the Caulfield campus. At the Peninsula campus students may be able to timetable classes between 8 am and 6 pm. Part-time Peninsula students must be prepared to attend day classes as necessary.

Credit for work done elsewhere

In addition to part one, section four of the degree regulations, the following credit transfers have been standardised for the Bachelor of Business (Accounting):

+ 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 (prior to 1989 entry) 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.

+ Holders of an Associate Diploma in Accounting from a TAFE college (post-1989 entry) are eligible for up to eight subjects credit. A maximum of eight subjects on a subject-by-subject basis is possible for an approved articulation program.

+ Students who are members of an approved professional accounting body will be admitted to year two of the course. A list of approved professional bodies is available from the Syme Department of Accounting and the Peninsula campus administration offices.

Course structure

Candidates enrolled before 1988 will undertake the equivalent to the course set out in the Chisholm Institute of Technology handbook for the year in which they first enrolled, unless advised to the contrary. Where there has been a break in study other than by leave of absence, the candidates will undertake the equivalent to the course set out in the handbook for the year in which study is resumed.

Year one

First semester

+ ACC1110 Accounting and financial decision making

+ FIN1710 Macroeconomics

+ FIN1010 Commercial law

+ MKT1120 Marketing theory and practice

Second semester

+ ACC1121 Accounting systems and procedures

+ ECM1640 Business mathematics and statistics

+ MGM1230 Business communication

+ MGM1300 Introduction to management

Year two

First semester

+ ACC2391 Cost accounting

+ ACC2491 Company reporting

+ FIN1300 Money and capital markets

+ MKT2111 Buyer behaviour

Second semester

+ ACC2051 Financial modelling

+ ACC2431 Management accounting

+ ACC9011 Elective

+ FIN2710 Microeconomics

Year three

First semester

+ ACC2631 Financial management

+ ACC3491 Advanced financial accounting theory and practice

+ ACC9021 Elective

+ MGM3401 Strategic management

Second semester

+ ACC2681 Corporate takeovers and insolvency

+ ACC3791 International accounting

+ ACC9031 Elective

+ MKT3141 Issues in competitive advantage

Students studying their course part-time are advised that evening lectures may be offered only in one semester in a teaching year.

Electives

Electives can be chosen from those offered by the Syme Department of Accounting or any department within the university, providing that they are at the appropriate level, and prerequisites are met. Students who wish to meet the educational requirements for membership of the Australian Society of Certified Practising Accountants (ASCPA), and the Institute of Chartered Accountants in Australia (ICAA), will need to choose their elective subjects carefully. Electives must be approved by the course director.


Bachelor of Business (Accounting) (Honours) - BBus(Acc)(Hons)

Course code: 0510

Course director: Associate Professor Stewart Jones

The course

The honours degree in accounting provides students with the opportunity to undertake a further one year's education in accounting and finance and to provide a framework for more in-depth study of areas covered in the ordinary three-year Bachelor of Business degree. The fourth year comprises eight semester units which include the completion of a research project. The extra material covered in fourth year allows honours students to tackle practical problems from a broader intellectual perspective. The honours degree allows students to complete a research essay, a major piece of investigation and writing which has no counterpart in the pass degrees. Increasingly, major employers of accounting graduates are supporting honours programs and encouraging eligible students to tackle the fourth year.

Venue

Classes will be offered at the Caulfield campus.

Credit for work done elsewhere

Please refer to the course regulations for the Bachelor of Business (Accounting)(Honours) for details relating to credit transfers.

Course structure

To qualify for the honours degree, a candidate shall complete eight subjects, including:

(1) ACC4050 (Research project) and SYM4060 (Research methods), both of which are compulsory and equivalent to two subjects each;

(2) two subjects chosen from ACC4010 (Advanced financial accounting), ACC4020 (Advanced management accounting), ACC4030 (Advanced finance), ACC4040 (Advanced investments) and ACC7210 (Advanced treasury management);

(3) two subjects chosen from those listed in (2) above (and not previously selected) or from subjects offered by the Syme Department of Accounting with a subject code with a numeric prefix of `7'.


Bachelor of Business (Agribusiness) - BBus(Agribus)

Course code: 0477

Course director: Dr Bill Schroder

Intake into this course ceased after 1993. For details of this course refer to the 1994 faculty handbook.


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

Course code: 0312

Course director: Ms Katherine Avram

The course

This course is principally designed for students seeking a career in the banking and finance industry or who are already employed in the banking and finance industry and are seeking a relevant tertiary qualification on a part-time basis. In addition to a core of business foundation subjects, the course provides specialist study in a number of key functional areas of relevance to financial institutions management. Three elective subjects may be taken during the second half of the course. For electives, see under `Choice of elective subjects for Bachelor of Business students' at the end of this section.

Objectives

The objectives of this course are:

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

+ to provide 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 its role beyond his/her specialised area of interest;

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

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

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

+ to establish a suitable basis for postgraduate study.

On completion of this course a student should be able to:

+ explain the main features of the Australian financial system, and of the international financial system, including institutional arrangements, financial instruments and the relevant legal framework;

+ use mathematical and computing aids in financial applications such as interest calculations, pricing financial instruments and measurement of financial risk;

+ analyse the different risks and returns faced by financial institutions and other participants in financial markets; and assess the effectiveness of alternative management systems;

+ satisfy the educational requirements of the Australian Institute of Bankers;

+ access research materials from various sources, identify relevant financial areas which would justify further research and plan appropriate research strategies.

Professional accreditation

The degree satisfies the educational requirements for senior associate membership of the Australian Institute of Bankers.

Venue

Day and evening classes are offered at the Caulfield campus.

Credit for work done elsewhere

In addition to part one, section four of the degree regulations, the following credit transfers have been standardised for the Bachelor of Business (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 credits up to a maximum of eight subjects.

Course structure

Year one

First semester

+ ACC1110 Accounting and financial decision making

+ ECM1640 Business mathematics and statistics

+ FIN1710 Macroeconomics

+ MGM1300 Introduction to management

Second semester

+ FIN1010 Commercial law

+ FIN1300 Money and capital markets

+ MGM1230 Business communication

+ MKT1120 Marketing theory and practice

Year two

First semester

+ ACC2051 Financial modelling

+ FIN2401 Commercial banking and finance

+ FIN2601 Banking law

+ FIN2710 Microeconomics

Second semester

+ ACC2631 Financial management

+ FIN2801 Lending law

+ MKT2111 Buyer behaviour

+ FIN9011 Elective

Year three

First semester

+ FIN3651 Treasury management

+ FIN3931 Taxation law

+ MGM3401 Strategic management

+ FIN9021 Elective

Second semester

+ FIN3331 International banking and finance

+ FIN3841 Lending decisions

+ MKT3141 Issues in competitive advantage

+ FIN9031 Elective

See the section headed `Choice of elective subjects for Bachelor of Business students - Caulfield and Peninsula campuses'.


Bachelor of Business (Banking and Finance) by distance education - BBus(Bkg&Fin)

Course code: 0391

Course director: Mr Michael Vincent

The course

This course is generally open only to candidates who have reached the age of twenty-three years and over.

The course is offered on a part-time basis only and is of six years duration. A part-time candidate is expected to undertake two subjects per semester.

Objectives

+ The objectives for the Bachelor of Business (Banking and Finance) are as follows:

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

+ to provide 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 its role beyond his/her specialised area of interest;

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

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

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

+ to establish a suitable basis for postgraduate study.

On completion of this course a student should be able to:

+ explain the main features of the Australian financial system, and of the international financial system, including institutional arrangements, financial instruments and the relevant legal framework;

+ use mathematical and computing aids in financial applications such as interest calculations, pricing financial instruments and measurement of financial risk;

+ analyse the different risks and returns faced by financial institutions and other participants in financial markets; and assess the effectiveness of alternative management systems;

+ satisfy the educational requirements of the Australian Institute of Bankers;

+ access research materials from various sources, identify relevant financial areas which would justify further research and plan appropriate research strategies.

Professional accreditation

The degree satisfies the educational requirements for senior associate membership of the Australian Institute of Bankers.

Venue

The course is taught off-campus. Saturday study days are held at Caulfield campus, three times throughout each semester. Attendance at these study days is not compulsory. Course administration is the responsibility of the Department of Banking and Finance, Caulfield campus.

Credit for work done elsewhere

In addition to part one, section four of the degree regulations, the following credit transfers have been standardised for the Bachelor of Business (Banking and Finance) by distance education:

+ 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 DEA1110, DEB1300, DEB1710, DEB1010)

+ 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 credits up to a maximum of eight subjects.

Electives

Candidates can select electives from a wide range of business related subjects offered through the Faculty of Business and Economics and the Distance Education Centre (Gippsland campus) upon approval from the course director.

Application procedures

All applicants should contact the off-campus programs administrator, Syme Department of Banking and Finance, Monash University, Caulfield campus, PO Box 197, Caulfield East, Victoria 3145 for application forms and instructions. Telephone (03) 9903 2359 Fax (03) 9903 2838.

Note: Applicants should clearly state the full name of the course to ensure that the correct material is sent, namely Bachelor of Business (Banking and Finance) by distance education.

Course structure

Year one

First semester

+ DEA1110 Accounting and financial decision making

+ DEM1300 Introduction to management

Second semester

+ DEB1710 Macroeconomics

+ DEB1300 Money and capital markets

Year two

First semester

+ DEB1010 Commercial law

+ DEM1230 Business communication

Second semester

+ DEK1120 Marketing theory and practice

+ DEE1640 Business mathematics and statistics

Year three

First semester

+ DEB2401 Commercial banking and finance

+ DEA2051 Financial modelling

Second semester

+ DEB2601 Banking law

+ DEA2631 Financial management

Year four

First semester

+ DEB2710 Microeconomics

+ DEB2801 Lending law

Second semester

+ DEK2111 Buyer behaviour

+ DEB9011 Elective

Year five

First semester

+ DES3141 Issues in competitive advantage

+ DEB3841 Lending decisions

Second semester

+ DEB3931 Taxation law

+ DEB9021 Elective

Year six

First semester

+ DEB3651 Treasury management

+ DEB3331 International banking and finance

Second semester

+ DEM3401 Strategic management

+ DEB9031 Elective


| Business & Economics Handbook contents | Monash handbooks | Monash University