Bachelor of Accounting/Bachelor of Economics
Course code/s: LZCE Melbourne
Admission requirements
Admission requirements are VCE units 3 and 4 a study score of at least 25 in English (ESL) or 20 in any other English and mathematics (any) with a study score of at least 20. 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 480 credit points must be accumulated from subjects offered in the Faculty of Business, Economics and Law, plus six elective subjects of which three must be at third year level. No more than 150 credit points may be from first year level subjects. 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 completing the course structure listed below graduate with majors in accounting and economics. The course is designed to allow for an optional third major. For more information on subjects that are part of business majors and minors link to Business Majors or Business Minors.
First year
| Teaching period | Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Macroeconomics | ECO1IMA |
| TE-SEM-1 | Accounting for Management Decisions | ACC1AMD |
| TE-SEM-1 | Elective from ECO, FIN or ACC | |
| TE-SEM-1 | Introductory Statistics for Business | ECO1ISB |
| TE-SEM-2 | Microeconomics | ECO1IMI |
| TE-SEM-2 | Introductory Financial Accounting | ACC1IFA |
| TE-SEM-2 | Foundations of Management | MGT1FOM |
| 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 | Introduction to Business Law | LST2BSL |
| TE-SEM-2 | Finance | FIN2FIN |
| TE-SEM-2 | Introduction to Econometrics | ECO2EME |
| TE-SEM-2 | Second or Third year elective |
Third year
| Teaching period | Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Law of Business Association | LST2LBA |
| TE-SEM-1 | Management Accounting and Control | ACC2MAC |
| TE-SEM-1 | Microeconomic Analysis | ECO3MIA |
| TE-SEM-1 | ECO or FIN coded second or third year level subject | |
| TE-SEM-2 | Macroeconomic Theory | ECO2MAT |
| TE-SEM-2 | Advanced Financial Accounting | ACC3AFA |
| TE-SEM-2 | ECO or FIN coded second or third year level subject | |
| TE-SEM-2 | One third year elective |
Fourth year
| Teaching period | Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | ECO or FIN coded second or third year level subject | |
| TE-SEM-1 | ECO or FIN coded second or third year level subject | |
| TE-SEM-1 | Second or third year subject | |
| TE-SEM-1 | Third year subject | |
| TE-SEM-2 | Macroeconomic Analysis | ECO3MAA |
| TE-SEM-2 | Third year Accounting elective subject* (ACC3AUD is recommended) | |
| TE-SEM-2 | One third year subject from the Department of Accounting | |
| TE-SEM-2 | One third year Economics subject |
Fifth year
| Teaching period | Subject title | Subject code |
|---|---|---|
| TE-SEM-1 | Third year Department of Accounting elective subject* (ACC3TAX is recommended) | |
| TE-SEM-1 | One third year Economics subject | |
| TE-SEM-1 | One third year Economics subject | |
| TE-SEM-1 | One third year Economics subject |
* Taxation ACC3TAX and Auditing ACC3AUD are highly recommended. These two subjects are required for membership of the Institute of Chartered Accountants in Australia (ICAA). Students who do not complete the Taxation and Auditing subjects as part of their degree will be eligible for membership in CPA Australia but will be required to complete studies in both areas as part of their ongoing CPA training.
Note: Economics subjects include any subjects required for the economics specialisations listed below.
Economics areas of specialisation
(See Student Services in the Faculty of Business, Economics and Law for details of subjects required for each specialisation.)
- Business Economics
- Business Models and Forecasting
- International Trade and Finance
- Macroeconomic Analysis and Policy
- Microeconomic Analysis and Policy
- Resource and Environmental Economics
Professional recognition
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).
By completing approved subjects, graduates may satisfy the educational requirements of the Financial Services Institute of Australasia (FINSIA). See Student Services in the Faculty of Business, Economics and Law for details.
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 economics or both, with two years of additional study. As a guide, the usual minimum requirement is a B (70%) average result in at least six second and third year accounting or economics subjects (at least 50% at 3rd year level), although a student’s entire academic record is taken into account. Students must complete all requirements of their undergraduate degree before taking up honours. For more information on either the Economics Honours or Accounting Honours programs see the entries under the single degrees.