The focus of this course is accounting practice. It is designed to provide graduates with high-level skills in the field of accounting. As a graduate you will be qualified to pursue a career in a wide variety of occupations.
The course allows you to focus your studies from the start, blending a conceptual theoretical framework with practical 'real-world' application. The course covers basic discipline material through to more specialised and advanced discipline applications.
Accounting involves classifying, verifying, recording, analysing, interpreting, and applying professional judgment to make strategic decisions about an organisation's financial and non-financial situation. It informs and drives the budgetary process and ensures quality reporting through audit and assurance. As accounting requires the application of ethical reasoning, professional judgment and good governance principles, it plays a crucial role in business accountability.
The Bachelor of Accounting will equip you with the required skills and attributes needed for an engaging and successful career in accounting or related fields in the private, public and not-for-profit sectors. The course will assist you in developing excellent conceptual knowledge and technical skills in financial accounting, management accounting, corporate finance, taxation, auditing, and financial analysis, as well as the required attributes to excel in the modern global business environment.
Refer to the faculty professional recognitionprofessional recognition (https://www.monash.edu/business/future-students/undergraduate-study-options/after-you-graduate/professional-recognition) page for more information regarding professional accreditation requirements.
The Bachelor of Accounting at the Caulfield campus can be taken in combination with the following course:
Completing a double degree course will allow you to graduate with two degrees, Bachelor of Accounting and the degree awarded by the partner faculty. The requirements for the award of the each of the degrees is the same whether the award is earned through a single or double degree course. You should refer to the relevant double degree handbook entry for the specific requirements.
These course outcomes are aligned with the Australian Qualifications Framework level 7 and Monash Graduate AttributesAustralian Qualifications Framework level 7 and Monash Graduate Attributes (http://www.monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).
Upon successful completion of this course it is expected that you will:
- be critical and creative scholars who produce:
- innovative solutions to problems
- apply research skills to business challenges
- communicate effectively and perceptively
- be responsible and effective global citizens who:
- engage in an internationalised world
- exhibit cross cultural competence
- demonstrate ethical values
- demonstrate broad knowledge and technical skills in accounting and provide discipline based solutions relevant to the business, professional and public policy communities that we serve. In particular:
- exercise judgment under supervision to solve routine accounting problems in straightforward contexts using social, ethical, economic, regulatory and global perspectives
- integrate theoretical and technical accounting knowledge which includes a selection of auditing, finance, economics, quantitative methods, and information systems
- critically apply theoretical and technical accounting knowledge and skills to solve routine accounting problems;
- justify and communicate accounting advice and ideas in straightforward collaborative contexts involving both accountants and non-accountants
- reflect on performance feedback to identify and action learning opportunities and self- improvements
- demonstrate a well-developed understanding of multidisciplinary decision making in organisations via application of knowledge from core business discipline areas.
Subject to unit choice, this degree is accredited by relevant Australian professional bodies. Refer to the Monash Business School's professional recognitionMonash Business School's professional recognition (http://business.monash.edu/the-school/partnerships-and-advisory-boards/professional-recognition) web page.
The course develops through the themes of foundation business knowledge, specialist discipline knowledge, capstone experience, and in addition includes elective study.
Part A. Foundation business knowledge
This will provide you with a study of accounting, economics and econometrics disciplines and the impact they have on decision making in organisations.
Part B. Specialist discipline knowledge
These studies will develop your capacity as a critical and creative professional who is able to apply your knowledge of your specialisation to provide discipline-based solutions for business. Units contained within the discipline may meet the requirements for professional accreditation bodies.
Part C. Capstone experience
The capstone unit will consolidate your knowledge and skills acquired through the study of your discipline and provide experience in multi-disciplinary processes and decision making.
Part D. Elective study
These are free electives which will enable you to further your knowledge of accounting, or business more broadly, or to select units from across the University in which you are eligible to enrol. If you are in a double degree course, some units required for the other degree can also be credited as electives towards the accounting degree.
The course comprises 144 points, of which 96 points must be focused on business study and 48 points are used to provide additional depth or breadth.
The course develops through three themes: Part A. Foundation business knowledge (18 points), Part B. Specialist discipline knowledge and Part C. Capstone experience (78 points), and Part D. Elective study (48 points).
Elective study may be at any level. In choosing your units you must ensure that you complete no more than 10 level 1 units (60 points) and at least 4 units (24 points) at level 3 or higher. Units must be from those offered by the Faculty of Business and Economics at the Caulfield campus.
The course progression mapcourse progression map (http://www.monash.edu.au/pubs/2019handbooks/maps/map-b2029.pdf) provides guidance on unit enrolment for each semester of study.
Units are 6 points unless otherwise stated.
Part A. Foundation business knowledge (18 points)
You must complete:
Part B. Specialist discipline knowledge and Part C. Capstone experience (78 points)
You must complete:
a. The following 11 units (66 points):
b. One capstone, project, international or internship experience unit (minimum 6 points) chosen from the following:
- ACF3900 Global issues in accounting
- ACX3500 International study program in accounting
- BEX3006 Industry placement
- BEX3012 Industry placement (12 points)*
- BEX3024 Industry placement (24 points)**
c. One unit (6 points) from the following:
Part D. Elective study (48 points)
These are free elective units and may be used to develop further depth and breadth in accounting or could be units chosen from other business areas or study from across the University (including to complete a major or minor from another course), as long as you have the prerequisites and there are no restrictions on admission to the units. The units may be at any level, however, no more than 10 units (60 points) are to be completed at level 1 in the course.
Enrolment in Faculty of Business and Economics units at campuses other than the campus of enrolment is subject to there being spare capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations.
Progression to further studies
Successful completion of this course may provide a pathway to the one year honours program B3701 Bachelor of Commerce (Honours). To be eligible to apply for entry into the Bachelor of Commerce (Honours), you must have achieved a distinction grade average (70%) or above in 24 points at level 3. In addition, some particular level 3 units may need to be completed for admission to honours.