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 GRADUATE STUDIES -ClaytonPart 1
CONTENTS
- Graduate Diploma in Accounting - GradDipAcc
- Graduate Diploma in Advanced Accounting - GradDipAdvAcc
- Graduate Diploma in Business Administration - GradDipBusAdmin
- Graduate Diploma in Business Administration (External) - GradDipBusAdmin(Ext)
- Graduate Diploma in Commerce - GradDipCom
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 not the faculty's responsibility and the faculty does not
take any responsibility for error in subject selection.
Course code: 0110
General
At the request of the Institute of Chartered Accountants in Australia, the
Department of Accounting and Finance developed a fee-paying graduate diploma
which serves as a conversion course for those without tertiary qualifications
in accounting. Students enrolling in the course are not required to be employed
by a firm of chartered accountants.
Course objectives
On completion of the course students should:
+ have developed a core of knowledge in the area of accounting and
finance;
+ have completed a conversion course which enables them to satisfy
membership requirements of the Australian Society of Certified Practising
Accountants and the Institute of Chartered Accountants in Australia;
+ have developed analytical and technical skills to assist them in their
future career;
+ be able to communicate effectively both orally and in writing.
Entrance requirements
Applicants for the course must have qualified for a pass degree or an
equivalent qualification from a recognised tertiary institution.
Course structure
The structure of the course is based largely on subjects taught by the
Department of Accounting and Finance. It is designed for graduates who have
completed no accounting subjects in their undergraduate or postgraduate
degrees.
First year
Semester 1
+ AAF4300 Introductory accounting
+ AAF4310 Computing and information systems for accounting
+ ECM4320 Principles of quantitative analysis
+ ECO4630 Principles of economics
Semester 2
+ AAF4330 Corporate finance
+ AAF4340 Accounting for company groups
+ AAF4350 Accounting for planning and control
Second year
Semester 1
+ AAF5220 Business law
+ AAF5230 Issues in financial reporting
+ AAF5240 Income tax law
Semester 2
+ AAF5210 Company law
+ AAF5200 Auditing and accountability
Duration
The course is designed to be taken over two years full-time or three years
part-time.
Credit for work previously undertaken
Students who have completed relevant subjects in previous studies may be
granted a maximum of six exemptions, approved by the head of the Department of
Accounting and Finance, for equivalent studies completed elsewhere. Any subject
for which exemption is sought must have been completed within the past five
years.
Professional accreditation
This course enables graduates, who have completed degrees in disciplines other
than accounting, to become academically qualified to enter the professional
year program of the Institute of Chartered Accountants in Australia and the CPA
program of the Australian Society of Certified Practising Accountants.
Course code:1307
Course directors: Mr Lawrence Webb and Associate Professor Nethercott
The course
The Graduate Diploma in Advanced Accounting is a one-year full-time or two-year
part-time fee-paying course which is designed specifically for those students
who wish to meet the professional educational needs to complete the CPA program
of the Australian Society of Certified Practising Accountants (ASCPA).
Objectives
The Graduate Diploma in Advanced Accounting requires the completion of eight
subjects. It includes up to five subjects taken from the CPA program (required
for the purposes of ASCPA qualification for full membership). Each subject is
designed to provide educational support and extend the student's knowledge and
skills in accounting. It also provides an opportunity to increase an
understanding of managerial skills, particularly as they apply to accounting
professionals and broaden the skills of accountants in business-related
areas.
Candidates enrolling in the Graduate Diploma in Advanced Accounting may on
completion transfer to other masters-level courses.
Entrance requirements
Applicants require a pass degree with a major in accounting from a recognised
tertiary institution; or a recognised professional accounting qualification; or
an equivalent qualification.
Venue
Teaching will be offered at either the Clayton or Caulfield campuses of Monash
University, depending on the particular subject.
Credit for work done elsewhere
Full credit is granted for CPA subjects completed in the past five years. For
further details relating to credit transfer, please refer to the course
directorfor the Graduate Diploma in Advanced Accounting.
Articulation
On completion of the Graduate Diploma in Advanced Accounting, candidates may
elect to transfer to the MBA program or on approval to a masters-level program
in the faculty.
The Graduate Diploma in Advanced Accounting course provides an opportunity for
candidates to acquire a master's degree while completing the further study
requirements leading to registration as a CPA.
Professional recognition
Graduates will meet the academic requirements for admission as a member of the
Australian Society of Certified Practising Accountants.
Course structure
A total of eight subjects is required:
(a) Five subjects chosen from
+ GDA 6001 CPA - Core I
+ GDA 6002 CPA - Core II
+ GDA 6003 CPA - Taxation
+ GDA 6004 CPA - Treasury
+ GDA 6005 CPA - Management accounting
+ GDA 6006 CPA - Auditing
(b) Minimum two subjects from
+ GDA 6007 Business accounting I: aoncepts and techniques
+ GDA 6008 Strategic policy and entrepreneurship
+ GDA 6009 Financial reporting and statement analysis
+ GDA 6010 Business accounting II: strategic issues
(c) Maximum 1 subject from
Faculty subjects in business and economics or approved business and
economics subjects from external institutions.
Course code: 0168
General
The Graduate Diploma in Business Administration essentially covers the set of
core subjects in the Master of Business Administration (MBA) and is designed
for students not wishing to undertake the full MBA degree. The general purpose
of the program is to provide quality education for those wishing to move into
positions of general management or be managers of one of the specialist
functions of management.
Course objectives
On completion of the course students should have:
+ the necessary analytical skills concerning both the foundation as well
as the functional areas of management;
+ developed an understanding of the social, economic and political
environment of business.
Entrance requirements
The Faculty of Business and Economics will not be admitting candidates to this
program from 1995 onwards. Intending diploma candidates should contact the
Monash Mt Eliza Business School on telehone 9215 1100 or fax 9787 5139 to
discuss the relevant course structure and content and to obtain details
regarding proposed entrance requirements for 1996.
Course structure
Students must pass eight first-year MBA subjects, or the equivalent, eg where
substitutions have been granted for some 5000-level MBA subjects, 6000-level
subjects would be permitted. The structure for part one of the MBA is
appropriate although diploma candidates should note that they are required to
complete three (rather than four) subjects from the functional subject
requirement.
Assessment standards
Assessment standards are similar to those for the MBA. A pass in every subject
is required. One conceded pass is permitted for a result between 45 per cent
and 49 per cent (designated PIIE for assessment purposes). Failure in two
subjects will warrant exclusion. Failed subjects need to be repeated.
Duration
Students normally take one year of full-time study or two years part-time. The
period may be shortened if students take summer-semester subjects. The approval
of the director is required in such cases.
Progression to the Monash MBA
This will depend on the successful completion at an appropriate standard of the
eight subjects required for the diploma. Conceded passes will not be
acceptable. Progression will not be possible before the completion of eight
subjects. Exemptions will be granted for appropriate subjects successfully
completed.
Course code: 0149
General
Monash University has established a twinning arrangement with the Chinese
University of Hong Kong. Under the arrangements the School of Continuing
Studies at the Chinese University of Hong Kong is responsible for teaching the
first half of the MBA as the Graduate Diploma in Business Administration
(External). Successful students then have the option of graduating with the
diploma or coming to Monash on a full-fee-paying basis for one academic year to
complete the second half of the MBA degree. The course is available to
international students only.
The Graduate Diploma in Business Administration (External) essentially covers
the set of core subjects in the MBA. The general purpose of the program is to
provide quality education for those wishing to move into positions of general
management or be managers of one of the specialist functions of management.
Course objectives
On completion of the course students should have:
+ the necessary analytical skills concerning both the foundation as well
as the functional areas of management;
+ developed an understanding of the social, economic and political
environment of business.
Entrance requirements
The Faculty of Business and Economics will not be admitting candidates to this
program from 1995 onwards. Intending diploma candidates should contact the
Monash Mt Eliza Business School on telephone 9215 1100 or fax 97875139 to
discuss the relevant course structure and content and to obtain details
regarding proposed entrance requirements for 1996.
Course content
The subjects to be taken are:
+ MBA521H Organisational behaviour
+ MBA546H Principles of quantitative analysis
+ MBA588H Microeconomics for managers
+ MBA518H Accounting
+ MBA519H Corporate finance
+ MBA531H Marketing
+ MBA556H Management information systems
+ MBA587H Macroeconomics for managers
Each subject is taught for the same number of hours as at Monash. The medium of
instruction is English. The program commences in October each year.
Progression to the Monash MBA
Progression from the Graduate Diploma in Business Administration (External) to
the Monash MBA is automatic for candidates who commenced the program pre-1995
provided the graduate diploma has been passed successfully. The standard of
passing the Graduate Diploma of Business Administration (External) is the same
as that for passing the first year of the MBA.
Application procedures
Intending applicants, who must be international students, should contact:
Professor S W Tam
School of Continuing Studies
Chinese University of Hong Kong
67 Chatham Road South
Kowloon
Hong Kong
Course code: 0828
General
The Graduate Diploma in Commerce provides a fourth year of study for those
wishing to extend their knowledge of the areas of accounting and finance or
management.
Course objectives
On completion of the course students should:
+ be familiar with current developments in accounting and finance or
management at an advanced level;
+ have the knowledge to undertake graduate study in accounting and finance
or management;
+ have developed their analytical and technical skills which will assist
in problem solving;
+ have sufficient knowledge to undertake further research in accounting
and finance or management.
Entrance requirements
Entry to the course is open to applicants who have qualified for a pass degree
with a major in commerce, with an average grade of credit or above from a
recognised tertiary institution.
Course structure
The course entails the satisfactory completion of six level-four subjects and a
research seminar.
Accounting and finance specialisation
1 Three subjects selected from:
+ AAF4100 Research methods in accounting and finance
+ AAF4120 Financial accounting theory
+ AAF4130 Management accounting
+ AAF4140 Corporate financial theory
+ AAF4150 Advanced taxation
+ AAF4160 Issues in auditing
+ AAF4170 Analysis of financial statements
+ AAF4180 Securities regulation
2 Three subjects chosen from:
+ other level-four subjects offered by the Department of Accounting and
Finance;
+ other level-four subjects offered by the departments of Economics or
Econometrics (Clayton) subject to the approval of the head of the departments
from which the subjects are taken.
In special circumstances, the head of the Department of Accounting and Finance
may approve as one of the three core subjects a special subject which is based
on a level-three undergraduate subject taught by the Department of Accounting
and Finance. Students may be allowed to take up to two subjects from another
faculty where they are complementary to the Graduate Diploma in Commerce
program. Enrolment in such courses must be approved by the head of the
Department of Accounting and Finance.
3 Policy seminar:
+ AAF4860 Economics and commerce issues seminar
Management specialisation
1 Three level-four subjects offered by the Department of Business Management
(Clayton).
2 Three subjects chosen from:
+ other level-four subjects offered by the Department of Business
Management (Clayton);
+ other level-four subjects offered by the departments of Accounting and
Finance, Econometrics (Clayton campus) or Economics subject to the approval of
the heads of the departments from which the subjects are taken.
In special circumstances, the head of the Department of Business Management may
approve as one or more of the three core subjects special subjects based upon
graduate, or level-three undergraduate, subjects taught in the Department of
Business Management (Clayton). Students may not take more than one level-three
subject in this way. Students may be allowed to take up to two subjects from
another faculty, or other campuses at the Department of Business Management,
where they are complementary subjects. Approval for all subject combinations
must be approved by the head of the Department of Business Management.
3. Policy seminar:
+ MGC4860 Economics and commerce issues seminar
Progression to the Master of Commerce
After completion of the course, students whose performance is at a high credit
average (70 marks) will be invited to proceed to the Master of Commerce.
Duration
Normally one year of full-time or two years part-time study.
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