University Handbook 2018

Bachelor of Accounting/Master of Financial Analysis

Course code/s: LZCFA

Course Details
Location Melbourne
Course Coordinator

Bachelor of Accounting: Judy Louie
Master of Financial Analysis: Michael Li

Course Code LZCFA
Available to International students Yes
CRICOS 092918C
Course Duration

LBC: 3 years full-time, or part-time equivalent
LMFAN: 1.5 years full-time, or part-time equivalent

Exchange Opportunity Yes
Leave of Absence Available Yes
Course Queries Current students: ASK La Trobe
Prospective students: Future Students

Current commencements from 2018

NOTE: This course is pending revison and is subject to change.

Course Description

This course offers the opportunity to complete an undergraduate accounting degree, and a masters degree in finance with the option of completing, as electives, the six professional modules required for accreditation by CPA Australia. 

Your Master of Financial Analysis is based on a defined body of knowledge of proven relevance to the finance industry and is designed as a pathway to the Chartered Financial Analyst (CFA) charter, which has become known as the designation of professional excellence within the global investment industry.  Within this course you have the option either of choosing to take, as electives, all six subjects required for the CPA professional exam program, or finance electives which will prepare you to sit the CFA Program exams.

This course provides an entry into a wide range of challenging and rewarding careers in the accounting, corporate, financial and investment sectors.

Admission Requirements

Admission requirements are English Units 3 and 4 with a study score of at least 25 in English (EAL) or 20 in English other than EAL. Applicants with comparable qualifications may be considered. A limited number of students may also be considered under Special Entry Schemes.

La Trobe Essentials

The three Essentials - Global Citizenship, Innovation and Entrepreneurship and Sustainability Thinking - are specialist areas designed to give you an edge with employers. They will enable you to adapt your knowledge and skills to new contexts in a rapidly changing world. Subjects addressing the Essentials are part of all undergraduate La Trobe degrees and can be identified in the subject database by distinct icons.  The list of approved subjects is also on the Essentials webpage.

Course Intended Learning Outcomes

Bachelor of Accounting:

On successful completion of this course you will be able to

  •    Two not-for-credit online modules: one will provide you with an introduction to concepts of academic integrity and the other an introduction to local indigenous culture
  •  A common core of six subjects is designed to: enhance your understanding of business principles and develop your business skills; and develop and assess your communication, research, thinking, problem-solving and teamwork skills through all three levels of the course.
  • An eight-subject disciplinary core provides the disciplinary depth required to practice accounting.
  • Eight elective subjects provide you with the opportunity to extend the breadth of your course by choosing subjects from any discipline offered at La Trobe.
  • Students may also choose to use these eight elective subjects to complete a second eight-subject major or one or two minors.
  • This degree is designed to be completed with three years of full-time study, although part-time study is possible. The maximum time allowed for a student to complete this degree is seven years.
  • Students must complete the course set out below, comprising 360 credit points (24 subjects).
  • No more than 150 credit points (10 subjects) may be at first-year levell
  • At least 120 credit points (8 subjects) must be at third-year level.
  • Students must complete all prerequisite subjects prior to enrolling in a core or elective subject.

Master of Financial Analysis:

On successful completion of this course you will be able to:

  • Develop an understanding of the theory and operation of financial markets.
  • Develop an understanding of the financial, economic, statistical and accounting theory on which the practice of finance, investment and portfolio management is founded.
  • Conduct a financial study using econometric methods.
  • Value a range of financial securities, including fixed income and equities securities, as well as hybrid, structured, derivative and alternative securities.
  • Construct an investment portfolio, comprising equities or fixed income securities, within client-defined risk-return parameters.
  • Develop an aptitude for analytical thinking and problem solving through the application of financial theory and skills to actual financial, investment valuation and portfolio management problems.
  • Develop an aptitude for analyzing ethical issues arising from the practice of investment research, advice and management.

With the option of completing the six CPA Professional Accreditation subjects.

Course Requirements

Bachelor of Accounting:

  • Two not-for-credit online modules: one will provide you with an introduction to concepts of academic integrity and the other an introduction to local indigenous culture.
  • A common core of seven subjects is designed to: enhance your understanding of business principles and develop your business skills; and develop and assess your communication, research, thinking, problem-solving and teamwork skills through all three levels of the course.
  • An eight-subject disciplinary core provides the disciplinary depth required to practice accounting.
  • Nine elective subjects provide you with the opportunity to extend the breadth of your course by choosing subjects from any discipline offered at La Trobe.  Students wanting to graduate with an accredited accounting degree must complete both Law of Business Associations (LST2LBA) and Taxation (ACC3TAX) as two of their nine elective subjects.
  • Students may also choose to use these nine elective subjects to complete a second eight-subject major or one or two minors.
  • Students seeking to complete a double major within this degree are not required to complete Sustainability (BUS2SUS), unless it can be taken as a substitute for a subject repeated in both the primary accounting major and the chosen second major.
  • This degree is designed to be completed with three years of full-time study, although part-time study is possible. The maximum time allowed for a student to complete this degree is seven years.
  • Students must complete the course set out below, comprising 360 credit points (24 subjects).
  • No more than 150 credit points (10 subjects) may be at first-year level.
  • At least 120 credit points (8 subjects) must be at third-year level.
  • Students must complete all prerequisite subjects prior to enrolling in a core or elective subject.

Master of Financial Analysis:

  • You will be granted advanced standing for four non-cognate subjects, having completed the Bachelor of Accounting, leaving you twelve 15-credit point subjects to complete the degree.
  • You will complete five core finance subjects, three finance elective subjects, and four elective subjects.
  • You may elect to complete the six CPA professional accreditation subjects in place of four elective subjects and two finance elective subjects.

Note: LTU0AIM is a not-for-credit subject that students are required to complete at the commencement of their first semester. The subject is designed to enhance students' knowledge and awareness of issues concerning academic integrity

ABS0WOM is a not-for-credit subject that students are required to complete at the commencement of their first semester. The subject is designed to introduce students to Indigenous Australian perspectives, experiences, history, culture and customs.

Variations to this structure are subject to approval by an LBS Course Coordinator.

Option to accelerate the completion of this combined degree:

Students not having advanced standing in the Bachelor of Accounting and wishing to accelerate may choose to take four summer and winter subjects through the degree, in particular to take the minor in International Commerce.

Course structure

First year

Semester 1 BUS1BUF BUS1AFB BUS1BAN BUS1BUE
Business Foundations Accounting and Finance for Business Business Analytics Business Economics
Semester 2 FIN1FOF ACC1AMD LST2BSL OPTION
Fundamentals of Finance Accounting for Management Decisions Introduction to Business Law and Ethics Elective subject (15 cps)

Second year

Semester 1 ACC1AIS OPTION OPTION OPTION
Accounting and Information Systems Elective subject (15 cps)* Elective subject (15 cps)* Elective subject (15 cps)*
Semester 2 ACC2CRE BUS2SUS ACC2CAD OPTION
Corporate Reporting Sustainability Cost Accounting and Decision Making Elective subject (15 cps)*

* Law of Business Associations (LST2LBA) is a subject required for accreditation by both CPA Australia and CAANZ and must be taken as an elective subject in second year in order for the student to graduate with an accounting degree accredited by both CPA Australia and CAANZ.

Third year

Semester 1 ACC3MAC ACC3AFA OPTION OPTION
Management Accounting and Control Advanced Financial Accounting Elective subject (15 cps)* Elective subject (15 cps)*
Semester 2 ACC3AUD BUS3ENT OPTION OPTION
Auditing and Assurance Entrepreneurship Elective subject (15 cps)* Elective subject (15 cps)*

*Taxation ACC3TAX is no longer part of the membership requirements for CPA Australia, although it is required for membership of CAANZ, hence students are advised to choose to complete Taxation as one of their third year electives. Students who do not complete the taxation subject as part of their degree will be admitted to membership of CPA Australia, but will be required to complete studies in taxation as part of their CPA program.

Fourth year

Semester 1 FIN5DBS FIN5EQS FIN5DER FIN5FMA
Debt Securities Equity Securities* Derivatives Securities Financial Management
Semester 2 OPTION OPTION OPTION OPTION
Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps)

*Students may take a Finance elective as an alternative to FIN5EQS

Fifth year

Semester 1 FIN5EME FIN5PMT OPTION OPTION
Econometric Methods Portfolio Management Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps)

Teaching periods are provided as a guide only and subject to change. Please refer to Subject Search guide for further details.

Majors and minors

You may also choose to complete a minor within the Bachelor of Accounting degree. The minor may be chosen from any on offer in the university, subject to their being no more than eight subjects for a major and four subjects for a minor, and subject to having completed any prerequisite subjects required. 

The four-subject minors available within the Business School are listed below:

  • Corporate Finance
  • Economics
  • Environmental Management
  • Forensic Accounting
  • Human Resources Management
  • International Commerce
  • International Management
  • Management
  • Marketing
  • Sport Management
  • Event Management
  • Tourism and Hospitality

For more information on business majors and minors and the subjects on offer within them, please see Business Majors or Business Minors

Internationalise Your Course

You may internationalise your course by completing:

  • The International Business major as a second major to complement your disciplinary major; or
  • Either or both the International Commerce and/or the International Management minors; or
  • International elective subjects such as:  International Accounting (ACC3IAC); International Financial Management (FIN3IFM); International Management (MGT2IMG); International Marketing (MKT3IMK); International Trade (ECO3ITR).
  • A language as a second major; or
  • A semester of study, on exchange, at an approved international university; or
  • International Study Tour subjects such as International Accounting Study Program (ACC3IAS), or Business Study Tour BUS3BST.

Pre 2018 commencements

Course Description

This course offers the opportunity to complete an undergraduate accounting degree, and a masters degree in finance with the option of completing, as electives, the six professional modules required for accreditation by CPA Australia. 

Your Master of Financial Analysis is based on a defined body of knowledge of proven relevance to the finance industry and is designed as a pathway to the Chartered Financial Analyst (CFA) charter, which has become known as the designation of professional excellence within the global investment industry.  Within this course you have the option either of choosing to take, as electives, all six subjects required for the CPA professional exam program, or finance electives which will prepare you to sit the CFA Program exams.

This course provides an entry into a wide range of challenging and rewarding careers in the accounting, corporate, financial and investment sectors.

Admission Requirements

Admission requirements are English Units 3 and 4 with a study score of at least 25 in English (EAL) or 20 in English other than EAL. Applicants with comparable qualifications may be considered. A limited number of students may also be considered under Special Entry Schemes.

La Trobe Essentials

The three Essentials - Global Citizenship, Innovation and Entrepreneurship and Sustainability Thinking - are specialist areas designed to give you an edge with employers. They will enable you to adapt your knowledge and skills to new contexts in a rapidly changing world. Subjects addressing the Essentials are part of all undergraduate La Trobe degrees and can be identified in the subject database by distinct icons.  The list of approved subjects is also on the Essentials webpage.

Course Intended Learning Outcomes

Bachelor of Accounting:

On successful completion of this course you will be able to:

  • Demonstrate a sound knowledge and understanding of accounting principles required to practice in a dynamic and competitive business environment.
  • Demonstrate and critically justify the use of specific accounting information in effective decision-making in a range of organisational contexts.
  • Select and apply appropriate financial (accounting) and non-financial tools to a variety of problems relating to sustainability, environmental, social and business settings.
  • Draw upon relevant accounting principles, perspectives and theories to inform professional values and practices and ethics.
  • Communicate professionally and effectively with a range of audiences, for a variety of purposes, using appropriate accounting tools.

Master of Financial Analysis:

On successful completion of this course you will be able to:

  • Develop an understanding of the theory and operation of financial markets.
  • Develop an understanding of the financial, economic, statistical and accounting theory on which the practice of finance, investment and portfolio management is founded.
  • Conduct a financial study using econometric methods.
  • Value a range of financial securities, including fixed income and equities securities, as well as hybrid, structured, derivative and alternative securities.
  • Construct an investment portfolio, comprising equities or fixed income securities, within client-defined risk-return parameters.
  • Develop an aptitude for analytical thinking and problem solving through the application of financial theory and skills to actual financial, investment valuation and portfolio management problems.
  • Develop an aptitude for analyzing ethical issues arising from the practice of investment research, advice and management.

With the option of completing the six CPA Professional Accreditation subjects.

Course Requirements

Bachelor of Accounting:

  • Two not-for-credit online modules: one will provide you with an introduction to concepts of academic integrity and the other an introduction to local indigenous culture.
  • A common core of seven subjects is designed to: enhance your understanding of business principles and develop your business skills; and develop and assess your communication, research, thinking, problem-solving and teamwork skills through all three levels of the course.
  • An eight-subject disciplinary core provides the disciplinary depth required to practice accounting.
  • Nine elective subjects provide you with the opportunity to extend the breadth of your course by choosing subjects from any discipline offered at La Trobe.  Students wanting to graduate with an accredited accounting degree must complete both Law of Business Associations (LST2LBA) and Taxation (ACC3TAX) as two of their nine elective subjects.
  • Students may also choose to use these nine elective subjects to complete a second eight-subject major or one or two minors.
  • Students seeking to complete a double major within this degree are not required to complete Sustainability (BUS2SUS), unless it can be taken as a substitute for a subject repeated in both the primary accounting major and the chosen second major.
  • This degree is designed to be completed with three years of full-time study, although part-time study is possible. The maximum time allowed for a student to complete this degree is seven years.
  • Students must complete the course set out below, comprising 360 credit points (24 subjects).
  • No more than 150 credit points (10 subjects) may be at first-year level.
  • At least 120 credit points (8 subjects) must be at third-year level.
  • Students must complete all prerequisite subjects prior to enrolling in a core or elective subject.

Master of Financial Analysis:

  • You will be granted advanced standing for four non-cognate subjects, having completed the Bachelor of Accounting, leaving you twelve 15-credit point subjects to complete the degree.
  • You will complete five core finance subjects, three finance elective subjects, and four elective subjects.
  • You may elect to complete the six CPA professional accreditation subjects in place of four elective subjects and two finance elective subjects.

Note: LTU0AIM is a not-for-credit subject that students are required to complete at the commencement of their first semester. The subject is designed to enhance students' knowledge and awareness of issues concerning academic integrity

ABS0WOM is a not-for-credit subject that students are required to complete at the commencement of their first semester. The subject is designed to introduce students to Indigenous Australian perspectives, experiences, history, culture and customs.

Variations to this structure are subject to approval by an LBS Course Coordinator.

Option to accelerate the completion of this combined degree:

Students not having advanced standing in the Bachelor of Accounting and wishing to accelerate may choose to take four summer and winter subjects through the degree, in particular to take the minor in International Commerce.

Course structure

First year

Semester 1 BUS1BUF BUS1AFB BUS1BAN BUS1BUE
Business Foundations Accounting and Finance for Business Business Analytics Business Economics
Semester 2 FIN1FOF ACC1AMD LST2BSL OPTION
Fundamentals of Finance Accounting for Management Decisions Introduction to Business Law and Ethics Elective subject (15 cps)

Second year

Semester 1 ACC1AIS OPTION OPTION OPTION
Accounting and Information Systems Elective subject (15 cps)* Elective subject (15 cps)* Elective subject (15 cps)*
Semester 2 ACC2CRE BUS2SUS ACC2CAD OPTION
Corporate Reporting Sustainability Cost Accounting and Decision Making Elective subject (15 cps)*

* Law of Business Associations (LST2LBA) is a subject required for accreditation by both CPA Australia and CAANZ and must be taken as an elective subject in second year in order for the student to graduate with an accounting degree accredited by both CPA Australia and CAANZ.

Third year

Semester 1 ACC3MAC ACC3AFA OPTION OPTION
Management Accounting and Control Advanced Financial Accounting Elective subject (15 cps)* Elective subject (15 cps)*
Semester 2 ACC3AUD BUS3ENT OPTION OPTION
Auditing and Assurance Entrepreneurship Elective subject (15 cps)* Elective subject (15 cps)*

*Taxation ACC3TAX is no longer part of the membership requirements for CPA Australia, although it is required for membership of CAANZ, hence students are advised to choose to complete Taxation as one of their third year electives. Students who do not complete the taxation subject as part of their degree will be admitted to membership of CPA Australia, but will be required to complete studies in taxation as part of their CPA program.

Fourth year

Semester 1 FIN5DBS FIN5EQS FIN5DER FIN5FMA
Debt Securities Equity Securities* Derivatives Securities Financial Management
Semester 2 OPTION OPTION OPTION OPTION
Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps)

*Students may take a Finance elective as an alternative to FIN5EQS

Fifth year

Semester 1 FIN5EME FIN5PMT OPTION OPTION
Econometric Methods Portfolio Management Elective subject or CPA Professional Subject (15 cps) Elective subject or CPA Professional Subject (15 cps)

 

Majors and minors

You may also choose to complete a minor within the Bachelor of Accounting degree. The minor may be chosen from any on offer in the university, subject to their being no more than eight subjects for a major and four subjects for a minor, and subject to having completed any prerequisite subjects required. 

The four-subject minors available within the Business School are listed below:

  • Corporate Finance
  • Economics
  • Environmental Management
  • Forensic Accounting
  • Human Resources Management
  • International Commerce
  • International Management
  • Management
  • Marketing
  • Sport Management
  • Event Management
  • Tourism and Hospitality

For more information on business majors and minors and the subjects on offer within them, please see Business Majors or Business Minors

Internationalise Your Course

You may internationalise your course by completing:

  • The International Business major as a second major to complement your disciplinary major; or
  • Either or both the International Commerce and/or the International Management minors; or
  • International elective subjects such as:  International Accounting (ACC3IAC); International Financial Management (FIN3IFM); International Management (MGT2IMG); International Marketing (MKT3IMK); International Trade (ECO3ITR).
  • A language as a second major; or
  • A semester of study, on exchange, at an approved international university; or
  • International Study Tour subjects such as International Accounting Study Program (ACC3IAS), or Business Study Tour BUS3BST.
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