Bachelor of Commerce

Handbook

Bachelor of Commerce

Information correct as at

12th Feb 2016 6:41am

Program Code

40029

AQF Level

Level 7 Bachelor Degree

Mode of Delivery

  • Face to Face

Duration

Domestic - 3 years full time or part time equivalent.

International - 3 years full time.

ATAR (2015)

Cut-off Median
Callaghan Campus64.5079.63
Ourimbah64.4079.63

Assumed Knowledge

HSC Mathematics or equivalent

Term Type

Semesters and Trimesters

Relevant University rules and policies

CRICOS Code

Description

The Bachelor of Commerce is your first step to becoming a fully qualified accountant or undertaking careers in finance and economics. You'll be exposed to industry-relevant areas of study including the opportunity to specialise in one of four major sequences: Accounting; Actuarial Studies and Risk Management; Economics; Finance. As accountancy and financial management are at the very heart of all organisations, you will find commerce is a field offering enormous scope and opportunity.


Click on the headings to show/hide sections of content. Hidden information will not be printed. Hide all sections

Admission Information

Admission Requirements

Admission to this program is available to Australian students, residents and international students.  Admission information for Australian students and residents is available from http://www.newcastle.edu.au/future-students .  Admission information for international students can be found at http://www.newcastle.edu.au/international/study-with-us/how-to-apply .

You may also be eligible to receive bonus points if you will be receiving an Australian Tertiary Admission Rank (ATAR).  Please visit http://www.newcastle.edu.au/what-can-i-study/undergraduate-programs/how-to-get-in/domestic-students/options-for-entry/bonus-points.html to see if you are eligible.

 

Minimum English Language Proficiency Requirements

Applicants who do not speak English as a first language must demonstrate that they meet the University's English proficiency requirement. Further information regarding English language proficiency requirements can be found at the English Language Proficiency for Admission Policy at http://www.newcastle.edu.au/about-uon/governance-and-leadership/policy-library/document?RecordNumber=D15/15438

Assumed Knowledge

HSC Mathematics or equivalent


Credit Transfer

If you wish to apply for credit for studies completed at another institution, or if you are changing programs within the University and wish to transfer your credit to the new program, go to http://www.newcastle.edu.au/service/credit-transfer/ and click on 'How to Apply for Credit'.


Academic Requirements for Program Completion

Total Units required

240 units

Program Duration

3 years full time or part time equivalent up to 8 years maximum.

International student visa holders who are studying the program on campus are required to enrol full time as per student visa requirements.

Program Requirements

To complete the program, students must pass courses totalling 240 units (generally made up of 24 courses worth 10 units each). The academic program has three distinct components: core courses, a major sequence and elective courses.

To satisfy the requirements for the Bachelor of Commerce program you must complete:

  • A total of, but no more than, 240 units (generally made up of 24 courses worth 10 units each)
  • No more than 100 units at the 1000 (first year) level
  • Between 40 and 100 units at the 2000 (second year) level and 3000 (third year) level
  • The Core Bachelor of Commerce courses must be completed by all students and consists of seventy (70) units of prescribed courses and ten (10) units of directed courses. All core courses are at the first year (1000) level.
  • The Compulsory and Directed courses for at least one major sequence.
  • The remaining units (electives) can be chosen from any discipline area within the University. You may utilise your electives to undertake a double major. You must ensure that each major has 60 units of unique courses.
  • Students who are interested in undertaking Honours and/or thosing wishing to enhance their quantitative/econometric skills may choose ECON2003 Introductory Econometrics as an elective.

Some core courses count towards specific majors as listed below.

ACFI1001 - Accounting, Actuarial Studies and Risk Management, Finance majors

ACFI1002 - Accounting, Finance majors

ECON1001 & ECON1002 - Economics major

Please note that some courses within the major sequences may require additional assumed knowledge other than the compulsory courses in the major.

Not all major sequences are located at each location.

Students may study 40 units of courses which comprise a minor (see additional program information below). When you have successfully completed your program, your transcript and testamur will specify completed major/s but will not specify completed minors. Details of minors are listed below.

Accounting

ACFI1002 Accounting Practice

ACFI2003 Management Accounting

ACFI2011 Financial Accounting

ACFI3001 Accounting Theory

Business Information Systems

EBUS2000 Information and Communication in Business

EBUS3050 The Digital Economy

INFT3100 Project Management

INFT3150 Business Analysis

 

Chinese

CHIN1110 Elementary Chinese I

CHIN1120 Elementary Chinese II

CHIN2301 Intermediate Comprehensive Chinese I

CHIN2302 Intermediate Comprehensive Chinese II

Communication

CMNS1230 Foundations of Media Production

CMNS1000 Introduction to Digital Communication

CMNS2800 Creative Industries Entrepreneurship

CMNS3310 Communication, Creativity and Cultural Production

Economics

ECON1001 Microeconomics for Business Decisions

ECON1002 Macroeconomics in the Global Economy

Plus one of the two options: Option A

ECON2001 Intermediate Microeconomics

ECON3005 Economics of Entrepreneurship & Innovation

OR Option B

ECON2002 Intermediate Macroeconomics

ECON3008 International Macroeconomics

Entrepreneurship

MNGT1002 Introduction to Entrepreneurship and Innovation

MNGT2002 Business Venturing

MNGT2003 Entrepreneurial and Innovation Diversity

MNGT3007 Social Entrepreneurship

Finance

ACFI1002 Accounting Practice

ACFI2070 Business Finance

ACFI2080 Corporate Finance

ACFI3130 Derivatives Securities

HRM

IRHR1002 Dynamics of People and Work in Organisations

IRHR2270 Introduction to Human Resource Management

IRHR2010 Introduction to Industrial Relations

IRHR3000 Applied Human Resource Management and Employment Relations

Innovation

MNGT1002 Introduction to Entrepreneurship and Innovation

MNGT2003 Entrepreneurial and Innovation Diversity

MNGT2004 Managing Innovation

MNGT3008 Advanced Innovation Management

International Business

IBUS1000 Managing International Business Risk

IBUS2001 Cross Cultural Management and Negotiations

IBUS2003 International Trade Logistics

Plus one from the following:

ACFI3140 International Finance

ECON3003 Global Trade and Finance

IRHR3540 International Human Resource Management

MKTG3060 International Marketing

Japanese

JAPN1110 Elementary Japanese 1

JAPN1120 Elementary Japanese 2

JAPN2111 Intermediate Japanese 1

JAPN2112 Intermediate Japanese 2

Leadership

MNGT1001 Introduction to Management

MNGT2005 Leadership & Ethics

MNGT2006 Decision Making Under Uncertainty

MNGT3011 Leading Organisational Change

Marketing

MKTG1001 Foundations of Marketing

MKTG2101 Consumer Behaviour

MKTG2010 Marketing Research

MTKG3002 Digital and Social Media Marketing

Governance, Policy and Political Economy

POLI1010 Australian Politics and Government

POLI2203 International Political Economy and Global Development

POLI2180 Politics, Policy and Government

POLI3130 Principles of Public Policy

Psychology

PSYC1010 Psychology Introduction 1

PSYC1020 Psychology Introduction 2

PSYC2600 Personality and Social Psychology

PSYC3600 Advanced Social and Organisational Psychology

Sports Management

LEIS1000 Leisure Behaviour and Organisation

LEIS2000 Sports Operations Management

TOUR2002 Visitor Management

LEIS3000 Managing Events

Tourism Management

LEIS1000 Leisure Behaviour and Organisation

TOUR2001 Tourism and Cultural Heritage

TOUR2003 Global Tourism

TOUR3000 Tourism and Environmental Management


Transition Arrangements

Students wishing to transfer from the pre-2016 Bachelor of Commerce (Program No 10446) to the revised Bachelor of Commerce (Program No 40029) should contact the Bachelor of Commerce Program Advisor at commerce-bl@newcastle.edu.au for the transition arrangements.

Only students who transfer to the revised Bachelor of Commerce (Program No 40029) may undertake the new major Actuarial Studies and Risk Management within the revised program.


Program Structure

Core Courses

Core Courses

Complete all core courses

ACFI1001Accounting for Decision Makers
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
  • Semester 2 - 2016 (Callaghan)
10 units
ACFI1002Accounting Practice
  • Trimester 1 - 2016 (Singapore)
  • Trimester 3 - 2016 (Singapore)
  • Semester 2 - 2016 (Callaghan)
  • Semester 2 - 2016 (Central Coast)
10 units
ACFI1003Introduction to Finance
  • Semester 1 - 2016 (Callaghan)
  • Trimester 2 - 2016 (Singapore)
  • Trimester 3 - 2016 (Singapore)
  • Semester 2 - 2016 (Callaghan)
  • Semester 2 - 2016 (Central Coast)
10 units
ECON1001Microeconomics for Business Decisions
  • Trimester 1 - 2016 (Singapore)
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
  • Semester 2 - 2016 (Callaghan)
10 units
ECON1002Macroeconomics in the Global Economy
  • Semester 1 - 2016 (Callaghan)
  • Semester 2 - 2016 (Callaghan)
  • Semester 2 - 2016 (Central Coast)
10 units
LEGL1001Foundations of Law
  • Semester 1 - 2016 (Callaghan)
  • Trimester 3 - 2016 (Singapore)
  • Semester 2 - 2016 (Callaghan)
  • Semester 2 - 2016 (Central Coast)
10 units
MNGT1001Introduction to Management
  • Semester 1 - 2016 (Callaghan)
  • Semester 2 - 2016 (Callaghan)
  • Semester 2 - 2016 (Central Coast)
10 units

Core Courses

Directed Courses

Choose 10 units from the following directed courses Note: Students studying the Economics and/or Finance major must choose ECON1003. Students who completed STAT1060 prior to 2016 and who wish to undertake the Finance major will not be required to complete ECON1003.

ECON1003Basic Econometrics and Quantitative Modelling
  • Semester 1 - 2016 (Callaghan)
  • Semester 2 - 2016 (Callaghan)
10 units
STAT1060Business Decision Making
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
  • Trimester 3 - 2016 (Singapore)
  • Semester 2 - 2016 (Callaghan)
10 units

Accounting Major

Compulsory Courses

Complete the following compulsory courses to fulfill the requirements of this major

ACFI2003Management Accounting
  • Trimester 1 - 2016 (Singapore)
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
  • Trimester 2 - 2016 (Singapore)
10 units
ACFI2011Financial Accounting for Reporting Entities
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
10 units
ACFI3000Contemporary Accounting IssuesNot currently offered10 units
ACFI3001Accounting Theory
  • Trimester 1 - 2016 (Singapore)
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
  • Trimester 2 - 2016 (Singapore)
10 units
ACFI3004Taxation
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
  • Trimester 2 - 2016 (Singapore)
10 units
ACFI3005Auditing and Assurance
  • Trimester 1 - 2016 (Singapore)
  • Trimester 3 - 2016 (Singapore)
  • Semester 2 - 2016 (Callaghan)
  • Semester 2 - 2016 (Central Coast)
10 units

Actuarial Studies and Risk Management Major

Compulsory Courses

Complete the following compulsory courses to fulfill the requirements of this major

ACST2000Financial MathematicsNot currently offered10 units
STAT2100Modelling (Actuarial)Not currently offered10 units
ACFI3130Derivative Securities
  • Semester 1 - 2016 (Callaghan)
10 units
ACST3000ContingenciesNot currently offered10 units
ACST3001Financial EconomicsNot currently offered10 units
ACST3002Statistical MethodsNot currently offered10 units
STAT3010Statistical Inference
  • Semester 1 - 2016 (Callaghan)
10 units

Economics Major

Compulsory Courses

Complete the following compulsory courses to fulfill the requirements of this major

ECON2001Intermediate Microeconomics
  • Semester 1 - 2016 (Callaghan)
10 units
ECON2002Intermediate Macroeconomics
  • Semester 2 - 2016 (Callaghan)
10 units
ECON3008International Macroeconomics
  • Semester 1 - 2016 (Callaghan)
10 units
Directed Courses

Complete 30 units from the directed courses

ECON3002Economic Development
  • Semester 1 - 2016 (Callaghan)
10 units
ECON3003Global Trade and Finance
  • Semester 2 - 2016 (Callaghan)
10 units
ECON3004Money and Banking
  • Semester 2 - 2016 (Callaghan)
10 units
ECON3005Economics of Entrepreneurship and Innovation
  • Semester 2 - 2016 (Callaghan)
10 units
ECON3006Environmental Economics
  • Semester 2 - 2016 (Callaghan)
10 units
ECON3007Intermediate Econometrics
  • Semester 1 - 2016 (Callaghan)
10 units
Elective Courses

Students interested in pursuing an econometric career may wish to choose the course below as an elective.

ECON2003Introductory Econometrics
  • Semester 2 - 2016 (Callaghan)
10 units

Finance Major

Compulsory Courses

Complete the following compulsory courses to fulfill the requirements of this major

ACFI2070Business Finance
  • Semester 1 - 2016 (Callaghan)
  • Semester 1 - 2016 (Central Coast)
10 units
ACFI2080Corporate Finance
  • Semester 2 - 2016 (Callaghan)
10 units
ACFI3018Portfolio Management
  • Semester 1 - 2016 (Callaghan)
10 units
ACFI3130Derivative Securities
  • Semester 1 - 2016 (Callaghan)
10 units
ACFI3140International Finance
  • Semester 2 - 2016 (Callaghan)
10 units
ACFI3190Financial Institutions Risk Management
  • Semester 2 - 2016 (Callaghan)
10 units

Honours

Honours is available to students as a separate program with a durationof one year full-time (or part-time equivalent) to those who meet the entry requirements. For more information about Honours please follow the link below:

http://www.newcastle.edu.au/degrees/bachelor-of-commerce-honours/handbook

 


Program Learning Outcomes

  • Communicate effectively, (a) orally and/or (b) in writing
  • Work effectively (a) independently and in (b) teams
  • Engage in critical thinking and analytical problem-solving
  • Demonstrate knowledge of theory, models and concepts relevant to Accounting or Finance or Economics or Actuarial Studies and Risk Management
  • Display proficiency in the utilization of information and technology in business
  • Apply broadly business skills that incorporate understanding of ethical, economic, regulatory and global perspectives.

Additional Information

All students can access additional learning development mechanisms provided by the Centre for Teaching and Learning at http://www.newcastle.edu.au/current-staff/teaching-and-research/teaching-resources/supporting-students

Aboriginal and Torres Strait Islander students can draw on the assistance and support provided by the Indigenous Student Support and Development service through The Wollotuka Institute.


International Students

All International Students enrolled in the program will be provided with an orientation to familiarise them with the rules, expectations, facilities and services offered by the University. Please visit http://www.newcastle.edu.au/international/while-you-are-here/orientation to find out more about the support services available to international students.


Special Needs

Students with a disability who require reasonable adjustments to undertake their program should contact the Disability Support Service before semester or early in the semester. Some adjustments need up to 4 weeks lead time to organise, so it is imperative that early contact is made. The Disability Support Service and relevant Faculty and School officers will work together to ensure reasonable adjustments are provided in a timely manner.

Please note: All students must fulfil the inherent requirements of the programs and courses they are undertaking. While reasonable adjustments can be made, these adjustments cannot compromise academic integrity. It is the student's responsibility to check all the requirements of courses, and consider the effects of any medical condition or disability on their ability to complete course requirements. Please visit http://www.newcastle.edu.au/service/disability/ for more information.

Back to topClose