- 2019

Undergraduate

Major / Minor

Commencement year

This area of study entry applies to students commencing this course in 2019 and should be read in conjunction with the relevant course entry in the Handbook.

Any units listed for this area of study relate only to the 'Requirements' outlined in the component of any bachelors double degrees.

Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.

Managing faculty

Faculty of Business and Economics

Location

Malaysia Peninsula

Accountancy is the systematic recording, reporting and analysis of financial transactions. It can be done on a large scale for international corporations, or for individuals, or for any sized business in-between. Accountancy allows a company to analyse its financial performance and report important statistics such as profit and loss to managers and shareholders.

The major includes units that concentrate attention on the preparation and audit of financial reports for managers, owners and other interested parties. Validated and effective financial reports enable performance measurement and control of individuals, teams, corporations, non-government organisations, governments and other entities.

Refer to the Faculty Professional recognition page (http://www.buseco.monash.edu.au/about/professional-recognition.html) for more information about professional recognition.

Outcomes

In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:

  • integrate and critically apply, theoretical and technical accounting knowledge and skills to solve routine accounting problems.

Availability

Accountancy is listed in B2007 Bachelor of Business Administration at Peninsula as a major and minor, and B2026 Bachelor of Business and Commerce at Malaysia as a major and minor.

Units

Major requirements (48 points)

No more than 12 points at level 1 may be credited to a major and at least 18 points must be credited to the major at level 3.

Students complete:

  1. The following eight units (48 points):
    • ACB2020 Cost information for decision making or ACW2391 Introduction to management accounting
    • ACB2491 Company reporting or ACW2491 Financial accounting
    • ACB2851/ACW2851 Accounting information systems and financial management
    • ACB3021 Performance measurement and control* or ACW3431 Management accounting
    • ACB3041/ACW3041 Auditing and assurance**
    • ACB3050 Advanced financial accounting theory and issues* or ACW3491 Advanced financial accounting
    • BTB2220 Corporations law or BTW2213 Malaysian company law
    • BTB3221 Taxation law and practices or BTW3153 Malaysian income tax law

    * ACB3021 Performance measurement and control and ACB3050 Advanced financial accounting replace Part A, section b of B2007 Bachelor of Business Administration.

    **ACW3431 Management accounting and ACW3491 Advanced financial accounting replace BEX3555Not offered in 2019 Integrative business practices of Part A, section a. of B2026 Bachelor of Business and Commerce.

Minor requirements (24 points)

Peninsula campus only

Students complete:

  1. The following two units (12 points):
    • ACB1100 Introduction to financial accounting
    • ACB2020 Cost information for decision making
  2. Two units (12 points) from the following:
    • ACB2491 Company reporting
    • ACB2851 Accounting information systems and financial modelling
    • ACB3021 Performance measurement and control
    • ACB3041 Auditing and assurance
    • ACB3050 Advanced financial accounting theory and issues

Malaysia campus

Students complete:

  1. The following three units (18 points):
    • ACW1100 Introduction to financial accounting
    • ACW2391 Introduction to management accounting
    • ACW2851 Accounting information systems and financial modelling
  2. One unit from the following (6 points):

Relevant courses

Bachelors

Single degrees

Successful completion of the major can be counted towards meeting the requirements for the following single degrees:

  • B2007 Bachelor of Business Administration
  • B2026 Bachelor of Business and Commerce

Students in other single bachelor's degrees may be eligible to complete the major or minor by using 24 or 48 points of their free electives.

Double degrees

Successful completion of the major can be counted towards meeting the requirements for the Bachelor of Business Administration or Bachelor of Business and Commerce component in the following double degree:

  • B2027 Bachelor of Business and Commerce and Bachelor of Communication and Media Studies
  • B2045 Bachelor of Business Administration and Bachelor of Media Communication
  • B2046 Bachelor of Business Administration and Bachelor of Arts