Bachelor of Commerce

Handbook

Bachelor of Commerce

Information correct as at

26th Apr 2015 12:57pm

Program Code

10446

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)

  • Callaghan Campus - 60.55
  • Ourimbah - 61.80

Assumed Knowledge

HSC Mathematics or equivalent.

Term Type

Semesters

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 three major sequences: Accounting, Economics, Finance. As accountancy and financial management are at the very heart of all organisations, you'll 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 Proficiency Policy at http://www.newcastle.edu.au/policy/000104.html

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'.


Professional Recognition

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. For more details see: http://www.asic.gov.au/eTraining/eTrain.nsf

Certified Practising Accountants Australia

Students must complete the units set out at http://www.newcastle.edu.au/Resources/Schools/Newcastle%20Business%20School/Accounting%20and%20Finance/CPA-course-list-jun09.pdf 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 the Institute of Chartered Accountants in Australia. This linked information must be read in conjunction with the approved program documentation detailed below.

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).

Institute of Chartered Accountants Australia

Students must complete the units set out at http://www.newcastle.edu.au/Resources/Schools/Newcastle%20Business%20School/Accounting%20and%20Finance/CPA-course-list-jun09.pdf 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 the Institute of Chartered Accountants in Australia. This linked information must be read in conjunction with the approved program documentation detailed below.


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 degree, students must pass courses totalling 240 units (generally made up of 24 courses worth 10 units each). The 240 units required to complete the degree must include:

  • No more than 100 units at the 1000 (first year) level
  • At least 60 units at the 3000 (third year) level
  • The core courses at all levels
  • The compulsory and directed courses for at least one major sequence
  • The remaining units can be selected from any other discipline area within the University.

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

Where two approved Major Sequences are completed within the single degree, an overlap of not more than 20 units is permitted between major Sequence courses at 3000 level.

Not all major sequences are located at each location.


Program Structure

Core Courses

Complete the following core courses to fulfil the requirements of this program

ACFI1001Accounting for Decision Makers
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
10 units
ECON1001Microeconomics for Business Decisions
  • Trimester 1 - 2015 (Singapore)
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
10 units
ECON1002Macroeconomics in the Global Economy
  • Semester 1 - 2015 (Callaghan)
  • Trimester 2 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
IRHR1001Managing the Organisation
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Semester 2 - 2015 (Callaghan)
10 units
LEGL1001Foundations of Law
  • Semester 1 - 2015 (Callaghan)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
ACFI2005Finance
  • Semester 1 - 2015 (Callaghan)
  • Trimester 2 - 2015 (Singapore)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
EBUS2000Information and Communication in Business
  • Trimester 1 - 2015 (Singapore)
  • Semester 1 - 2015 (Callaghan)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
MKTG2100Principles of Marketing
  • Trimester 1 - 2015 (Singapore)
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Semester 2 - 2015 (Callaghan)
10 units
MNGT2001Business Strategy
  • Semester 1 - 2015 (Callaghan)
  • Trimester 2 - 2015 (Singapore)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
POLI3001Organisations, Politics and Society
  • Trimester 1 - 2015 (Singapore)
  • Semester 1 - 2015 (Callaghan)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units

Directed Courses

Students undertaking an Economics major must study ECON1003. Other students may study either STAT1060 or ECON1003.

ECON1003Basic Econometrics and Quantitative Modelling
  • Semester 1 - 2015 (Callaghan)
  • Semester 2 - 2015 (Callaghan)
10 units
STAT1060Business Decision Making
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
10 units

Accounting major

Compulsory Courses

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

ACFI1002Accounting Practice
  • Trimester 1 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
ACFI3001Accounting Theory
  • Trimester 1 - 2015 (Singapore)
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 3 - 2015 (Singapore)
10 units

2000 level ACFI option

Choose 20 units from either ACFI2001 and ACFI2002 or ACFI2003 and ACFI2004.

Bachelor of Commerce ACFI2001 AND ACFI2002

Choose 20 units from either ACFI2001 and ACFI2002 or ACFI2003 and ACFI2004.

ACFI2001Company Accounting
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 2 - 2015 (Singapore)
10 units
ACFI2002Financial Accounting
  • Trimester 2 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
Bachelor of Commerce ACFI2003 AND ACFI2004

Choose 20 units from either ACFI2001 and ACFI2002 or ACFI2003 and ACFI2004.

ACFI2003Management Accounting
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 2 - 2015 (Singapore)
10 units
ACFI2004Advanced Management Accounting
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
Directed Courses

Choose 30 units from the following directed courses

ACFI3002Issues in Financial Accounting
  • Trimester 2 - 2015 (Singapore)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
ACFI3003Issues in Management Accounting
  • Semester 2 - 2015 (Callaghan)
10 units
ACFI3004Taxation
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 2 - 2015 (Singapore)
10 units
ACFI3005Auditing and Assurance
  • Trimester 2 - 2015 (Singapore)
  • Trimester 3 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
ACFI3007Accounting and the Sustainability Ethos
  • Semester 1 - 2015 (Callaghan)
10 units
BUSN3001Project in Business
  • Semester 1 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
PHIL3930Human Values and Commercial Practice
  • Semester 2 - 2015 (Callaghan)
10 units
Electives

Complete 60 units of electives to fulfil the requirements of the program. Electives can be used to extend and complement your core studies with more courses in the same field of study, or from areas that might be of interest to you. Electives can be chosen from all courses available at the University that do not have any other conditions (such as a course requisite) applied to them.

60 units

Finance major

Compulsory Courses

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

ACFI1002Accounting Practice
  • Trimester 1 - 2015 (Singapore)
  • Semester 2 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
ACFI2070Business Finance
  • Semester 1 - 2015 (Callaghan)
10 units
ACFI2080Corporate Finance
  • Semester 2 - 2015 (Callaghan)
10 units
ACFI3130Derivative Securities
  • Semester 1 - 2015 (Callaghan)
10 units
ACFI3140International Finance
  • Semester 2 - 2015 (Callaghan)
10 units
Directed Courses

Choose 20 units from the following directed courses

ACFI3004Taxation
  • Semester 1 - 2015 (Callaghan)
  • Semester 1 - 2015 (Central Coast)
  • Trimester 2 - 2015 (Singapore)
10 units
ACFI3006Personal Financial Planning
  • Semester 2 - 2015 (Callaghan)
10 units
ACFI3018Portfolio Management
  • Semester 1 - 2015 (Callaghan)
10 units
ACFI3190Financial Institutions Risk Management
  • Semester 2 - 2015 (Callaghan)
10 units
BUSN3001Project in Business
  • Semester 1 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
ECON3003Global Trade and Finance
  • Semester 1 - 2015 (Callaghan)
10 units
ECON3004Money and Banking
  • Semester 2 - 2015 (Callaghan)
10 units
LEGL3001Finance LawNot currently offered10 units
PHIL3930Human Values and Commercial Practice
  • Semester 2 - 2015 (Callaghan)
10 units
Electives

Complete 60 units of electives to fulfil the requirements of the program. Electives can be used to extend and complement your core studies with more courses in the same field of study, or from areas that might be of interest to you. Electives can be chosen from all courses available at the University that do not have any other conditions (such as a course requisite) applied to them.

60 units

Economics major

Compulsory Courses

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

ECON2001Intermediate Microeconomics
  • Semester 1 - 2015 (Callaghan)
10 units
ECON2002Intermediate Macroeconomics
  • Semester 2 - 2015 (Callaghan)
10 units
ECON3008International Macroeconomics
  • Semester 1 - 2015 (Callaghan)
10 units
Directed Courses

Choose 30 units from the following directed courses

BUSN3001Project in Business
  • Semester 1 - 2015 (Callaghan)
  • Semester 2 - 2015 (Central Coast)
10 units
ECON3002Economic Development
  • Semester 2 - 2015 (Callaghan)
10 units
ECON3003Global Trade and Finance
  • Semester 1 - 2015 (Callaghan)
10 units
ECON3004Money and Banking
  • Semester 2 - 2015 (Callaghan)
10 units
ECON3005Economics of Wealth Creation
  • Semester 2 - 2015 (Callaghan)
10 units
ECON3006Environmental Economics
  • Semester 2 - 2015 (Callaghan)
10 units
ECON3007Intermediate Econometrics
  • Semester 1 - 2015 (Callaghan)
10 units
Electives

Complete 70 units of electives to fulfil the requirements of the program. Electives can be used to extend and complement your core studies with more courses in the same field of study, or from areas that might be of interest to you. Electives can be chosen from all courses available at the University that do not have any other conditions (such as a course requisite) applied to them.

70 units

Honours

Available as an additional year to students who have achieved at least a credit grade point average.


Program Learning Outcomes

  • Communicate effectively orally.
  • Communicate effectively in writing.
  • Work effectively independently.
  • Work effectively in teams.
  • Engage in critical thinking and analytical problem-solving.
  • Demonstrate knowledge of theory, models and concepts relevant to Accounting or Finance or Economics.
  • 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.

Students wishing to follow a double major need to undertake 60 or 70 units of study unique to the second major in place of electives.


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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