Bachelor of Commerce

Handbook

Bachelor of Commerce

Information correct as at

5th Dec 2016 1:17pm

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 (2016)

Cut-off Median
Callaghan Campus64.6579.25
Ourimbah62.3579.25

Assumed Knowledge

HSC Mathematics or equivalent From 2017 for the Actuarial Studies and Risk Management major: HSC Mathematics (Band 5 or above) or equivalent.

Recommended Studies

From 2017 for the Actuarial Students and Risk Management major: HSC Mathematics Extension 1 or equivalent. Note: Students will need to meet the existing course pre-requisites to gain entry into MATH1110.

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.


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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 here.

Assumed Knowledge

HSC Mathematics or equivalent From 2017 for the Actuarial Studies and Risk Management major: HSC Mathematics (Band 5 or above) 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'.


Professional Recognition

Association of Chartered Certified Accountants (ACCA)

Exemptions may apply for the Association of Chartered Certified Accountants (ACCA)  for students who complete the Bachelor of Commerce (Accounting major)

Association of International Accountants

The Association of International Accountants (AIA) is a global body for professional accountants. They aim to create world class accountants; through offering high-standard, relevant and innovative qualifications, and providing first-class, tailored and pertinent services for their members around the world. The AIA qualification is recognised in over 30 countries worldwide. Qualification of full-membership requires completion of the AIA examinations plus three years relevant work experience.

Exemptions from selected examinations may be awarded to University of Newcastle graduates who have completed the Bachelor of Commerce degree program with a focus on Accounting. For specific information regarding exemptions please refer to the AIA Database at: www.aiaworldwide.com

Australian Securities and Investment Commission

Students may also be able to gain accreditation with the Australian Securities and Investment Commission (ASIC) with regard to various education and knowledge requirements under RG146. The suite of courses meet the various RG146 knowledge requirements as they stood at 2012 and as the requirements continue to be under review by ASIC it is assumed that the courses continue to meet those knowledge area requirements. Consequently, students need to convey such information to prospective employers (and the employers then need to respond with acceptance or that they require further evidence). For more details see: http://www.asic.gov.au/online-services/search-asics-registers/asics-training-register/asics-training-register-search-results/training-registers/bachelor-of-commerce-finance-2/

Certified Practising Accountants Australia

Students must complete the units set out in the CPA and CA Australia and New Zealand accreditation requirements in order to meet the academic requirements for Associate membership of CPA Australia and enrolment in the CPA Program, and for enrolment in the Chartered Accountants Program of CA Australia and New Zealand. For further information see the document in the Additional Information section or go to CPA Australia at https://www.cpaaustralia.com.au/ or CA Australia and New Zealand at http://www.charteredaccountants.com.au/

Financial Services Institute of Australiasia

The Finance Major Sequence in the Bachelor of Commerce meets the requirements for the Financial Services Institute of Australasia (FINSIA).


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 information at: http://www.newcastle.edu.au/__data/assets/pdf_file/0003/298065/Bachelor-of-Commerce-Minor-areas-of-study.pdf ). When you have successfully completed your program, your transcript and testamur will specify completed major/s but will not specify completed minors.

 Students commencing in 2017 and wishing to study the Actuarial Studies and Risk Management major will be required to achieve a GPA of 5 or above in the courses below in order to gain entry into ACST2000 – Financial Mathematics.

  • MATH1110
  • MATH1120
  • ACFI1003
  • ECON1003 or STAT1070

 


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

Students are advised to read their program handbook information in conjunction with the program plans for course sequence/enrolment advice. Please refer to the Program Plan for the year that you commenced, or transitioned into, this program - Program Plans are available at the top of this page.

Core Courses

Core Courses

Complete all core courses

ACFI1001Accounting for Decision Makers
  • Trimester 1 - 2017 (Singapore)
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Trimester 3 - 2017 (Singapore)
  • Semester 2 - 2017 (City Precinct)
10 units
ACFI1002Accounting Practice
  • Trimester 1 - 2017 (Singapore)
  • Trimester 2 - 2017 (Singapore)
  • Trimester 3 - 2017 (Singapore)
  • Semester 2 - 2017 (Central Coast)
  • Summer 2 - 2017 (Callaghan)
  • Semester 2 - 2017 (City Precinct)
10 units
ACFI1003Introduction to Finance
  • Trimester 1 - 2017 (Singapore)
  • Semester 1 - 2017 (Callaghan)
  • Trimester 2 - 2017 (Singapore)
  • Trimester 3 - 2017 (Singapore)
  • Semester 2 - 2017 (Central Coast)
  • Summer 2 - 2017 (Callaghan)
  • Semester 2 - 2017 (City Precinct)
10 units
ECON1001Microeconomics for Business Decisions
  • Trimester 1 - 2017 (Singapore)
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Trimester 3 - 2017 (Singapore)
  • Summer 2 - 2017 (Callaghan)
  • Semester 2 - 2017 (City Precinct)
10 units
ECON1002Macroeconomics in the Global Economy
  • Summer 2 - 2017 (Callaghan)
  • Semester 1 - 2017 (Callaghan)
  • Trimester 2 - 2017 (Singapore)
  • Semester 2 - 2017 (Central Coast)
  • Semester 2 - 2017 (City Precinct)
10 units
LEGL1001Foundations of Law
  • Summer 3 - 2017 (Callaghan)
  • Semester 1 - 2017 (Callaghan)
  • Trimester 2 - 2017 (Singapore)
  • Semester 2 - 2017 (Callaghan)
  • Semester 2 - 2017 (Central Coast)
10 units
MNGT1001Introduction to Management
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Trimester 2 - 2017 (Singapore)
  • Semester 2 - 2017 (City Precinct)
10 units

Core Courses

Directed Courses

Choose 10 units from the following directed courses. It is recommended that students studying the Economics major choose ECON1003 and students studying the Actuarial Studies and Risk Management major choose either ECON1003 or STAT1070.

ECON1003Basic Econometrics and Quantitative Modelling
  • Semester 1 - 2017 (Callaghan)
  • Semester 2 - 2017 (City Precinct)
10 units
STAT1060Business Decision Making
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Trimester 2 - 2017 (Singapore)
  • Trimester 3 - 2017 (Singapore)
  • Trimester 1 - 2017 (Singapore)
  • Semester 2 - 2017 (Callaghan)
10 units
STAT1070Statistics for the Sciences
  • Summer 2 - 2017 (Callaghan)
  • Semester 1 - 2017 (Callaghan)
  • Semester 2 - 2017 (Callaghan)
  • Semester 2 - 2017 (Central Coast)
10 units

Accounting Major

Compulsory Courses

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

ACFI2003Management Accounting
  • Trimester 1 - 2017 (Singapore)
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Trimester 2 - 2017 (Singapore)
10 units
ACFI2011Financial Accounting for Reporting Entities
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Trimester 2 - 2017 (Singapore)
  • Trimester 1 - 2017 (Singapore)
  • Semester 2 - 2017 (City Precinct)
  • Trimester 3 - 2017 (Singapore)
10 units
ACFI3000Contemporary Accounting Issues
  • Semester 1 - 2017 (Callaghan)
  • Trimester 2 - 2017 (Singapore)
  • Trimester 3 - 2017 (Singapore)
10 units
ACFI3001Accounting Theory
  • Trimester 1 - 2017 (Singapore)
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Trimester 2 - 2017 (Singapore)
  • Trimester 3 - 2017 (Singapore)
10 units
ACFI3004Taxation
  • Trimester 2 - 2017 (Singapore)
  • Semester 1 - 2017 (Callaghan)
  • Semester 1 - 2017 (Central Coast)
  • Summer 1 - 2016/2017 (Callaghan)
10 units
ACFI3005Auditing and Assurance
  • Trimester 2 - 2017 (Singapore)
  • Trimester 3 - 2017 (Singapore)
  • Semester 2 - 2017 (Central Coast)
  • Semester 2 - 2017 (City Precinct)
10 units

Actuarial Studies and Risk Management Major

Compulsory Courses

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

MATH1110Mathematics for Engineering, Science and Technology 1
  • Semester 1 - 2017 (Callaghan)
  • Trimester 3 - 2017 (Singapore)
  • Semester 2 - 2017 (Callaghan)
10 units
MATH1120Mathematics for Engineering, Science and Technology 2
  • Summer 2 - 2017 (Callaghan)
  • Trimester 1 - 2017 (Singapore)
  • Semester 1 - 2017 (Callaghan)
  • Trimester 3 - 2017 (Singapore)
  • Semester 2 - 2017 (Callaghan)
10 units
ACFI2070Business Finance
  • Semester 1 - 2017 (Callaghan)
  • Trimester 2 - 2017 (Singapore)
  • Semester 2 - 2017 (City Precinct)
10 units
ACFI2080Corporate Finance
  • Semester 1 - 2017 (Callaghan)
  • Semester 2 - 2017 (Central Coast)
  • Semester 2 - 2017 (City Precinct)
10 units
ACST2000Financial Mathematics
  • Semester 1 - 2017 (Callaghan)
10 units
STAT2010Fundamentals of Statistics
  • Semester 1 - 2017 (Callaghan)
10 units
STAT2100Modelling (Actuarial)
  • Semester 2 - 2017 (Callaghan)
10 units
ACST3000ContingenciesNot currently offered10 units
ACST3001Financial EconomicsNot currently offered10 units
ACST3002Statistical MethodsNot currently offered10 units
STAT3010Statistical Inference
  • Semester 1 - 2017 (Callaghan)
10 units

Economics Major

Compulsory Courses

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

ECON2001Intermediate Microeconomics
  • Semester 1 - 2017 (Callaghan)
10 units
ECON2002Intermediate Macroeconomics
  • Semester 2 - 2017 (City Precinct)
10 units
ECON3008International Macroeconomics
  • Semester 1 - 2017 (Callaghan)
10 units
Directed Courses

Complete 30 units from the directed courses

BUSN3001Project in Business
  • Semester 1 - 2017 (Callaghan)
  • Semester 2 - 2017 (Central Coast)
10 units
ECON3002Economic Development
  • Semester 1 - 2017 (Callaghan)
10 units
ECON3003Global Trade and Finance
  • Semester 1 - 2017 (Callaghan)
10 units
ECON3004Money and Banking
  • Semester 2 - 2017 (City Precinct)
10 units
ECON3005Economics of Entrepreneurship and Innovation
  • Semester 2 - 2017 (City Precinct)
10 units
ECON3006Environmental Economics
  • Semester 2 - 2017 (City Precinct)
10 units
ECON3007Intermediate Econometrics
  • Semester 1 - 2017 (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 - 2017 (City Precinct)
10 units

Finance Major

Compulsory Courses

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

ACFI2070Business Finance
  • Semester 1 - 2017 (Callaghan)
  • Trimester 2 - 2017 (Singapore)
  • Semester 2 - 2017 (City Precinct)
10 units
ACFI2080Corporate Finance
  • Semester 1 - 2017 (Callaghan)
  • Semester 2 - 2017 (Central Coast)
  • Semester 2 - 2017 (City Precinct)
10 units
ACFI3018Portfolio Management
  • Semester 1 - 2017 (Callaghan)
  • Semester 2 - 2017 (City Precinct)
10 units
ACFI3130Derivative Securities
  • Semester 1 - 2017 (Callaghan)
10 units
ACFI3140International Finance
  • Semester 1 - 2017 (Callaghan)
10 units
ACFI3190Financial Institutions Risk Management
  • Semester 2 - 2017 (City Precinct)
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.

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