Bachelor of Accounting/Bachelor of Finance
Course code/s: LZCF Melbourne
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 length is four and one half years full time, although part-time study is possible. Maximum course duration is 10 years. Note: Students who are qualified to overload can complete this course in four years.
Course structure
Students must pass the compulsory and elective subjects listed below.
First year
|
Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Macroeconomics | ECO1IMA |
| TE-SEM-1 | Accounting for Management Decisions | ACC1AMD |
| TE-SEM-1 | Foundations of Management | MGT1FOM |
| TE-SEM-1 | Introductory Statistics for Business | ECO1ISB |
| TE-SEM-2 | Microeconomics | ECO1IMI |
| TE-SEM-2 | Introductory Financial Accounting | ACC1IFA |
| TE-SEM-2 | Introduction to Business Law | LST2BSL |
| TE-SEM-2 | Introduction to Quantitative Analysis | ECO2IQA |
Second year
|
Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Management Information Systems | BUS1MIS |
| TE-SEM-1 | Cost Accounting and Decision Making | ACC2CAD |
| TE-SEM-1 | Microeconomic Theory | ECO2MIT |
| TE-SEM-1 | Corporate Reporting | ACC2CRE |
| TE-SEM-2 | Finance | FIN2FIN |
| TE-SEM-2 | One first or second year level elective subject | |
| TE-SEM-2 | Introduction to Econometrics | ECO2EME |
| TE-SEM-2 | One second year level elective subject |
Third year
|
Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Corporate Finance | FIN3CFI |
| TE-SEM-1 | Management Accounting and Control | ACC2MAC |
| TE-SEM-1 | Financial Instruments | FIN2FII |
| TE-SEM-1 | One second or third year level elective subject | |
| TE-SEM-2 | Law of Business Association | LST2LBA |
| TE-SEM-2 | One second year Faculty of Law and Management elective subject | |
| TE-SEM-2 | One third year subject | |
| TE-SEM-2 | Macroeconomic Theory | ECO2MAT |
Fourth year
|
Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | International Financial Management | FIN3IFM |
| TE-SEM-1 | One third year School of Accounting elective subject* (ACC3AUD is recommended) | |
| TE-SEM-1 | One third year subject from the School of Accounting | |
| TE-SEM-1 | One third year finance elective | |
| TE-SEM-2 | Investment and Portfolio Management | FIN3IPM |
| TE-SEM-2 | Finance Law | LST2FLA |
| TE-SEM-2 | One third year subject | |
| TE-SEM-2 | Financial Risk Management | FIN3FRM |
Fifth year
|
Teaching period |
Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Advanced Financial Accounting | ACC3AFA |
| TE-SEM-1 | One second or third year subject | |
| TE-SEM-1 | One third year School of Accounting elective subject* (ACC3TAX is recommended)* | |
| TE-SEM-1 | One third year finance elective |
Key: * Taxation ACC3AUD are highly recommended. 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.
Professional recognition
In order to satisfy the educational requirements of Financial Services Institute of Australasia (FINSIA), Foundations of Management MKT1MDP 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: FIN3CFP.
NB: FIN3CFP
Successful completion of the appropriate choice of subjects qualifies graduates for membership of the following professional accounting bodies: CPA Australia, Institute of Chartered Accountants in Australia (ICAA), National Institute of Public Accountants (IPA), and the Association of Chartered Certified Accountants (ACCA).
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.
As a guide, the entry requirements are successful completion of a bachelor degree with a major in accounting or finance and a B (70%) or better average result in at least six second and third year core subjects in accounting or finance (at least 50% at 3rd year level). Students must complete all requirements of their undergraduate degree before taking up honours. See single course descriptions for honours year details.