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Requisite map

Overview

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.

Course structure

Course rules

In choosing your units, you must ensure that you complete no more than 10 units (60 credit points) at level 1 and at least six units (36 credit points) at level 3, including four units (24 credit points) at level 3 offered by the Faculty of Business and Economics.

Part A. Foundation business knowledge18 credit points

You must complete 18 credit points from the following units. You must complete ACF1100 or ACX1100. You must complete ETF1100 or ETX1100.

Part B. Specialist discipline knowledge and Part C. Capstone experience78 credit points

Core units

72 credit points

You must complete 72 credit points from the following units. You may only complete one of ACF2100 or ACX2100. You may only complete one of ACF2200 or ACX2200. You may only complete one of ACF2400 or ACX2400. You may only complete one of BTF1010 or BTX1010. You may only complete one of BTF2000 or BTX2000. You may only complete one of ECF1200 or ECX1200. ACX3900 is a Capstone unit.

Consulting project, international or internship experience unit

6 credit points

You must complete one unit (6 credit points) from the following.

Note 1: If you complete a 12 credit point unit in this section you can only complete 42 credit points in Part D, which may impact on the ability to complete a major using free electives.

Note 2: If you complete a 24 credit point unit in this section you can only complete 30 credit points in Part D, which may impact on the ability to complete a major using free electives.

Consulting project

International experience

ACX3500International study program in accountingNo reviews yet6 cp

Internships

Part D. Free elective study48 credit points

You must complete 48 credit points of free elective study. Note: Electives can also be chosen from across the University, including to complete a major or minor from another course if you have met the required prerequisites and there are no restrictions on enrolling in the units. Enrolment in Faculty of Business and Economics units at campuses other than the campus of enrolment is subject to there being capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations. No more than two units can contribute towards two majors, or a major and a minor, in the same course (including a double degree course). The same unit is not credited towards two minors. If you are in a double degree course, some units required for the other degree are credited as electives towards this Accounting degree. You can enrich your degree to hone your academic and professional skills with a range of flagship rich experiences, including the Monash Immersion Guarantee and Global Immersion Guarantee - Study Abroad (monash.edu). These flagship rich experience units may be credited in place of your free electives if approved by the faculty. There are both 6 and 12 credit point unit options available.

The handbook's description of this structure

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. Free 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.

You can enrich your degree to hone your academic and professional skills with a range of flagship rich experiences, including the Monash Immersion Guarantee and Global Immersion Guarantee - Study Abroad (monash.edu). These flagship rich experience units may be credited in place of your free electives if approved by the faculty. There are both 6 and 12 credit point unit options available.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

You must complete units as specified in Parts A, B, C and D (144 points): including 96 points of study in Parts A, B and C, and 48 points of free electives in Part D.

In choosing your units, you must ensure that they complete no more than 10 units (60 points) at level 1 and at least six units (36 points) at level 3, including four units (24 points) at level 3 offered by the Faculty of Business and Economics.

Units are 6 points unless otherwise stated.

Part A. Foundation business knowledge (18 points)

You must complete:

ACF1100/ACX1100 Introduction to financial accounting
ECF1100 Microeconomics
ETF1100/ETX1100 Business statistics

Part B. Specialist discipline knowledge and Part C. Capstone experience (78 points)

You must complete:

a. The following 12 units (72 credit points):

ACF2100/ACX2100 Financial accounting
ACF2200/ACX2200 Introduction to management accounting
ACF2400/ACX2400 Accounting information systems
ACF3100 Advanced financial accounting
ACF3200 Management accounting
ACF3600 Auditing and assurance
ACX3900 Global issues in accounting*
BFF1001 Foundations of finance
BTF1010/BTX1010 Business law
BTF2000/BTX2000 Australian corporations law
BTF3931 Taxation law
ECF1200/ECX1200 Macroeconomics

*Capstone unit

b. One unit (6 credit points) from the following:

ACX2900 Accounting for sustainability
ACX3150 Financial analysis and valuation
ACX3250 Advanced management accounting
ACX3300 Predictive analytics in accounting
BTX3350 Business taxation
BTX3699 Insolvency
ETF2121 Data analysis in business

Consulting project:

BEX3350 Consulting project
BEX3450 Consulting project (12 credit points)*

International experience:

ACX3500 International study program in accounting

Internships:

BEX3006 Industry placement
BEX3012 Industry placement (12 credit points)*
BEX3024 Industry placement (24 credit points)**

*If you complete this 12 credit point unit you can only complete 42 credit points in Part D, which may impact on the ability to complete a major using free electives.

**If you complete this 24 credit point unit you can only complete 30 credit points in Part D, which may impact on the ability to complete a major using free electives.

Part D. Free elective study (48 credit points)

Electives can also be chosen from across the University, including to complete a major or minor from another course if you have met the required prerequisites and there are no restrictions on enrolling in the units. Enrolment in Faculty of Business and Economics units at campuses other than the campus of enrolment is subject to there being capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations.

No more than two units can contribute towards two majors, or a major and a minor, in the same course (including a double degree course). The same unit is not credited towards two minors.

For students in a double degree course, some units required for the other degree are credited as electives towards this Accounting degree.

You can enrich your degree to hone your academic and professional skills with a range of flagship rich experiences, including the Monash Immersion Guarantee and Global Immersion Guarantee - Study Abroad (monash.edu). These flagship rich experience units may be credited in place of your free electives if approved by the faculty. There are both 6 and 12 credit point unit options available.

Learning outcomes

These course outcomes are aligned with the Australian Qualifications Framework and Monash Graduate Attributes.

Upon successful completion of this course it is expected that you will be able to:

1
be critical and creative scholars who produce:
- innovative solutions to problems
- apply research skills to business challenges
- communicate effectively and perceptively
2
be responsible and effective global citizens who:
- engage in an internationalised world
- exhibit cross cultural competence
- demonstrate ethical values
3
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
4
demonstrate a well-developed understanding of multidisciplinary decision making in organisations via application of knowledge from core business discipline areas.

Entry requirements

Guaranteed ATAR and selection rank

75; International: UERT Year 12/Foundation Band 3+ (82.5-84.99); UERT Post-Secondary Band 2 (Credit)

Other applicants

All applicants must satisfy the equivalence of the VCE subject pre-requisites.

VET Certificate IV, Diploma or Advanced Diploma graduates:

Applicants will require a minimum 60% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. Programs that involve competency-based assessment without grades or marks will not be sufficient to meet admission requirements.

Monash College entry requirements:

Diploma of Business (Business stream) Part 2 average: 62%
Monash University Foundation Year average: 70%

Higher education studies:

Applicants will require a minimum 60% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. A minimum of two single units must be completed in order to meet minimum admission requirements.

English language

Monash Minimum: Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test

Pathways

Monash College - Diploma of Business
Monash Transition Program

Articulation agreements:

Shanghai University (2+2) Exp: 10-Dec-22
Sichuan University (1+2) Exp: 5-Apr-21
Dongbei University of Finance and Economics (2+2) Exp: 11-Nov-24
Guangdong University of Finance (2+2) Exp: 12-Dec-24
Beijing Foreign Studies University (2+2) Exp: 19-May-24
Beijing Institute of Technology (2+2) Exp: 19-May-24
Henan University (2+2) Exp: 17-Apr-24
Central South University (2+2) Exp: 5-Aug-23
Beijing Normal University (2+2) Exp: 10-May-23
Beijing Jiaotong University (2+2) Exp: 23-Jan-22
Beijin Institute of Technology (2+2) Exp: 7-Sep-21
Hunan University (2+2) Exp: 4-Jul-21
China South Agricultural University (SCAU) (2+2) Exp: 31-May-21
Shanghai University of Finance and Economics (2+2) Exp: 30-Jun-21
Shanghai International Studies University (2+2) Exp: 9-May-21

More information

Progression to further studies

Successful completion of this course may provide a pathway to the one year honours program 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 credit points at level 3. In addition, some particular level 3 units may need to be completed for admission to honours.

Professional accreditation

Subject to unit choice, this degree is accredited by relevant Australian professional bodies. Refer to the professional recognition webpage.

Other information

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.

Common questions

How long is Bachelor of Accounting?

3 years full time, 144 credit points. At 24 credit points a semester, that is 6 semesters of full-time study.

What ATAR do I need for Bachelor of Accounting?

The guaranteed ATAR listed for 2022 entry is 75.

Where can I study Bachelor of Accounting?

At Caulfield.

How do I plan my Bachelor of Accounting units?

Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.

Course details

Qualification: Bachelor Degree
AQF level: Level 7
Credit points: 144
Full time: 3 Years
Part time: 6 Years
Maximum time: 8 years

Faculty: Faculty of Business and Economics
CRICOS code: 097256G
Abbreviation: BAcc
Award title: Bachelor of Accounting
Handbook years: 2020 202120222023 2024 2025 2026 2027