Courses and programs offered
Bachelor of Accounting/Bachelor of Finance (LZCF)
Admission requirements
Admission requirements are VCE Units 3 and 4: a study score of at least 20 in English and in mathematics (any). Applicants with comparable qualifications will be considered. A limited number of students may also be considered under Special Entry Schemes.
Degree requirements
Students must complete subjects having a minimum value of 540 credit points. A minimum of 450 credit points must be accumulated from subjects offered in the Faculty of Law and Management, plus six electives, three of which must be at third year level. Students are restricted to a maximum of 150 credit points at first year level. The course is designed to be completed in four years of full-time study, although part-time study is possible. Maximum course duration is 10 years.
Course structure
Students must pass the compulsory and elective subjects listed below.
First year
| Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 or TE-SEM-2 |
Accounting for Management Decisions | ACC1AMD |
| TE-SEM-1 or TE-SEM-2 |
Macroeconomics | ECO1IMA |
| TE-SEM-1 or TE-SEM-2 |
Microeconomics | ECO1IMI |
| TE-SEM-1 or TE-SEM-2 |
Foundations of Management | MGT1FOM |
| TE-SEM-1 or TE-SEM-2 |
Introductory Financial Accounting | ACC1IFA |
| TE-SEM-1 or TE-SEM-2 |
Introductory Statistics for Business | ECO1ISB |
| TE-SEM-1 or TE-SEM-2 |
Management Information Systems | BUS1MIS |
| TE-SEM-1 or TE-SEM-2 |
Business Law | LST2BSL |
| plus one of: | ||
| TE-SEM-2 | Introduction to Quantitative Analysis* | ECO2IQA |
| TE-SEM-1 | Calculus and Functions for Economics* | MAT1CFE |
Key: * Students with a strong background in mathematics, including VCE Mathematical Methods or Specialist Mathematics, are urged to consider taking MAT1CFE instead of ECO2IQA and to take MAT1CLA as a first year elective.
Second year
| Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 or TE-SEM-2 |
Corporate Reporting | ACC2CRE |
| TE-SEM-1 or TE-SEM-2 |
Cost Accounting and Decision Making | ACC2IMA |
| TE-SEM-1 or TE-SEM-2 |
Management Accounting and Control | ACC2IMB |
| TE-SEM-1 or TE-SEM-2 |
Finance | FIN2FIN |
| TE-SEM-1 | Intermediate Statistics for Business | ECO2ISB |
| TE-SEM-2 | Financial Instruments | FIN2FII |
| TE-SEM-2 | Law of Business Association | LST2LBA |
| TE-SEM-1 or TE-SEM-2 |
One first or second year level elective subject | |
| TE-SEM-1 or TE-SEM-2 |
One second year level elective subject |
Third year
| Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Microeconomic Theory | ECO2MIT |
| TE-SEM-2 | Macroeconomic Theory | ECO2MAT |
| TE-SEM-1 | Corporate Finance | FIN3CFI |
| TE-SEM-1 or TE-SEM-2 |
Advanced Financial Accounting | ACC3AFA |
| TE-SEM-2 | Banking and Finance Law* | LAW2BFL |
| TE-SEM-1 or TE-SEM-2 |
One second year Faculty of Law and Management elective subject | |
| TE-SEM-1 or TE-SEM-2 |
Two second year level and one third year level elective subjects |
Fourth year
| Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | International Financial Management | FIN3IFM |
| TE-SEM-2 | Investment and Portfolio Management | FIN3IPM |
| TE-SEM-2 | Financial Risk Management | FIN3FRM |
| TE-SEM-1 or TE-SEM-2 |
Three third year accounting subjects* | |
| TE-SEM-1 or TE-SEM-2 |
One third year Faculty of Law and Management elective subject | |
| TE-SEM-1 or TE-SEM-2 |
Two third year Finance subjects |
Key: * Taxation ACC3TAX and Auditing ACC3AUD are highly recommended. These two subjects are no longer part of the accreditation requirements for CPA Australia although both are required for membership of ICAA.
Professional recognition
In order to satisfy the educational requirements of Financial Services Institute of Australasia (FINSIA), Foundations of Management MGT1FOM and Foundations of Marketing MKT1FMK must be taken as elective subjects.
Students seeking employment in the finance industry or in a position which requires you to provide advice to retail clients about financial planning or financial products must complete an Australian Securities and Investment Commission (ASIC PS146) compliant course of study. This includes: ECO1IMA, FIN2FII, FIN2FPL, and FIN3CFP.
NB: FIN3REP is a co-requisite for FIN3CFP
Taxation and Auditing are no longer part of the accreditation requirements for CPA Australia although both are required for membership of the Institute of Chartered Accountants (ICAA). Students who do not complete the Taxation and Auditing subjects as part of their degree will be admitted to membership of CPA Australia, but will be required to complete studies in both areas as part of their ongoing CPA training.
Honours
The honours program requires a further year of full-time study or two years part-time study. Honours may be undertaken in either accounting or finance, or both with two years of additional study. See single course descriptions for honours year details.