Accounting, finance or economics
At the University of Newcastle, we maintain strong relationships with employers and professional associations to ensure that the courses and majors offered maintain real-world relevance in a complex business environment.
The structure of the Bachelor of Commerce allows you to select a specialist area of study (a major) at the beginning of your second year, based on your interests and experiences in first year. Majors are an opportunity to gain detailed skills in a chosen discipline, along with a strong understanding of its core principles.
At our Newcastle (Callaghan) campus you can choose majors in accounting, economics and finance. An accounting major with or without accreditation is the only major in the Bachelor of Commerce degree offered at the Central Coast (Ourimbah) campus.
To broaden your appeal to prospective employers the degree also allows you to complete the requirements of two majors. A degree with a double major enables you to pursue multiple areas of interest plus provides a broader range of career options on graduation. This holistic understanding of commerce can help set you apart from your peers when competing in the job market.
The Bachelor of Commerce degree can also be studied concurrently with Business or Laws, enabling you to graduate with two degrees rather than one. Taking up this option provides you with a broad skill set that is highly sought after by employers.
Accountants measure and analyse not only what is happening within the organisation in which they work, but also the broader financial environment.
As an accountant, you are involved in assessing the financial validity and future of organisations, as well as its investments, acquisitions, taxation, opportunities and threats. Accountants provide the management of an organisation with the tools necessary to make sound financial decisions.
Our courses are designed to provide accreditation with the major professional bodies in accounting, including CPA Australia and the Institute of Chartered Accountants in Australia.
In first year, you will study the key concepts and principles of economics, accounting, management, decision making and law, and how this applies to commercial operations within the context of the current financial environment.
In second year, you will continue to study further accounting topics in areas including: company accounting; financial accounting and management accounting.
Third year will see you continue to study accounting theory but also allows you to focus on combinations that most suit your interests and career plans. Study areas include but are not limited to: financial and management accounting; taxation and auditing and assurance.
Economics graduates gain an understanding of how our economy is open to global forces and responds to government spending, interest rate changes and government regulations. This knowledge is highly valued in the financial services industry, large corporations and international firms, as well as government departments and the Reserve Bank.
This major builds advanced skills and focused knowledge essential for your employment success including the key principles of economic analysis and a range of sophisticated techniques of data and graphical analysis.
You will engage in exciting and creative analyses of real-world problems such as sustainable economic growth, economic management and climate change.
In first year, you will study the key concepts and principles of economics, accounting, management, business decision making and law, and how they apply to business operations within the context of the current financial environment.
Second year will see you continue to study topics including information and communication in business, marketing and business strategy, as well as studying topics in microeconomics and macroeconomics in greater depth.
Third year gives you the opportunity to select course combinations that most suit your interests and career plans. Study options include: economic development; global trade and finance; money and banking; labour economics; environmental economics and econometric modelling.
Understanding finance requires a detailed knowledge of both the business and financial environment. A Bachelor of Commerce with a major in Finance will teach you about money management, with a focus on investments, trading, financial law and risk.
The broad range of skills and knowledge and the international scope covered in this specialisation will leave you work-ready for employment in global markets.
A Finance major can lead to well-paid career opportunities. A talent shortage, combined with an aging workforce, is driving jobs growth across the industry.
Our courses are designed to provide recognition with the professional bodies in finance, including the Australian Securities and Investments Commission (ASIC).
In first year, you study key concepts and principles of economics, accounting, management, decision-making and law as well as how they apply to the financial operations and within the context of the current financial environment.
Second year will see you continue to study further business topics including communications, marketing, business strategy and politics, as well as beginning to focus on business and corporate finance.
As a third year student you will continue to study courses such as investments and international finance, but will also focus on selecting combinations that most suit your interests and career plans. Study options include: taxation; personal financial planning; financial institutions risk management; global trade and finance; money and banking and finance law.
There are a range of combined degree options if you're interested in a Bachelor of Business. The following combinations can be completed in four or five years, when you study full-time: