School Leavers and Non-School Leavers can apply direct for this degree.
For more information about studying the Bachelor of Commerce
- Description
- Program learning outcomes
- Details
- Admission information
- Credit transfer
- Professional recognition
- Academic requirements for program completion
- Program plans
- Additional documents
- Transition arrangements
- Program structure
- Suggested electives
- Honours
- Additional information
- International students
- Additional support
Program handbook
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; or 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.
Program learning outcomes
On successful completion of the program students will have:
- Effective oral and written communication skills.
- Effective skills to work independently and in teams.
- Critical thinking and analytical problem-solving skills.
- Knowledge of theory, models and concepts relevant to Accounting or Finance or Economics.
- Proficiency in the utilisation of information and technology in business.
- Business skills that incorporate understanding of ethical, economic, regulatory and global perspectives.
Details
| Information correct as at | Apr 18, 2024 6:47 pm | |||||
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| Program code | 40029 | |||||
| AQF level | Level 7 Bachelor Degree | |||||
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| Assumed knowledge | Mathematics (any level) | |||||
| Term type | Semesters and Trimesters | |||||
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| CRICOS Code | 001603J |
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Admission information
Admission requirements
Eligibility for admission to this program is based on applicants meeting the minimum selection rank, or satisfying the requirements for an approved admission scheme.
The University of Newcastle accepts a range of qualifications to determine eligibility for admission. These include, but are not limited to, Australian or overseas senior secondary qualifications (such as the HSC), prior tertiary studies, prior TAFE/VET studies, and completed enabling programs.
For further information on the pathways that are available to you, please refer to:
English Language Requirements
All Applicants 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.
- IELTS Overall Minimum: 6
- IELTS Sub Test Minimum: 6
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, visit the University's credit website for more information on applying 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).Please visit: http://www.accaglobal.com/an/en.html
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: http://www.aiaworldwide.com
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 https://www.charteredaccountantsanz.com/Students can find lists of Accredited courses at:https://apps.cpaaustralia.com.au/search-accredited-search/
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 students studying this program on campus are required to enrol full time to comply with their student visa requirements and complete their study in the standard minimum program duration. International students requiring enrolment advice should review the program plan corresponding to the semester and year of commencement and can contact their Program Advisor at ProgramAdvice@newcastle.edu.au
Program requirements
The Bachelor of Commerce requires students to successfully complete 240 units, which is comprised of:
- 80 units of core courses;
- One 60 unit major (20 units of Core courses also count towards the major for a total of 80 units);
- 10 units from the Career-ready placement Course list;
- 90 units of electives; and
- PSB Singapore students will take 100 units of electives.
Students must complete a minimum of 40 units at each level (1000, 2000, 3000).
Students must not exceed 100 units at 1000 level.
Students must only complete courses that form part of the program and must not complete more than 240 units.
Majors
Students must complete at least one major sequence to fulfil the requirements of their program. Some core courses also count towards specific majors as listed below.
Students may utilise their elective courses to undertake a double major. Students must ensure that each major has 60 units of unique courses.
Accounting
Core courses ACFI1001 and ACFI1002 count towards this major. To fulfil the requirements of this major, students must complete 60 units of compulsory course.
Economics
Core courses ECON1001 and ECON1002 count towards this major. To fulfil the requirements of this major, students must complete 30 units of compulsory courses and 30 units of courses from the course list.
Finance
Core courses ACFI1001 and ACFI1002 count towards this major. To fulfil the requirements of this major, students must complete 30 units of compulsory courses and 30 units of courses from the course list (students must complete 20 units of courses from Group A course list and 10 units of courses from Group B course list).
Not all major sequences are located at each location.
Greater Bank Finance Lab - Located on level one of the University’s new state of the art CBD vertical campus, NUspace, the Greater Bank Finance Lab is a hands-on learning environment, enabling University of Newcastle Business School students to build their skills in financial decision making, risk management and economic systems, before they graduate.
Program planner
Current students program planner
Current students can plan their program using Program Planner.
Prospective student degree planner
If you're a prospective student considering studying this degree take a look at My Degree Planner to see what your study journey will look like.
Additional documents
- 2023 Transition Arrangements 122.4 KB
- Bachelor of Commerce 40029 Minor areas of Study 85.2 KB
- Bachelor of Commerce CPA and CA Approved Accreditation Requirements 2024 122.9 KB
Transition arrangements
Program Revisions 2023
From Semester 1, 2023 the Bachelor of Commerce program has been revised to remove 10 units of electives, which has been replaced by a 10 unit Career-ready placement course.
Students who commenced prior to 2023 will not be required to undertake 10 units from the Career-ready placement Course list and will retain 10 units of electives. Continuing students may choose to take a course from the Career-ready placement Course list as an elective.
Any further questions should be directed to your program advisor.
Program Revisions 2021
Prior to 2021 students were required to complete 70 units of Core courses and 10 units of Core Directed courses toward the Bachelor of Commerce. From Semester 1, 2021 onward, students are required to complete 80 units of Core courses toward the Bachelor of Commerce (STAT1060 Business Decision Making added to Core course list). The Core Directed course requirement has been removed. Transition arrangements are as follows:
- Students who have completed ECON1003 Basic Econometrics and Quantitative Modelling or STAT1070 Statistics for the Sciences as a Core Directed course prior to 2021 will continue to count ECON1003 or STAT1070 toward their program and are not required to complete STAT1060.
- Students who have not completed a Core Directed course prior to 2021 will complete STAT1060 Business Decision Making as a Core course toward their program and are not required to complete ECON1003 or STAT1070.
Program structure
Students can plan their program using Program Planner. It is recommended students review the program handbook in conjunction with using Program Planner.
Advanced course filters
Courses that are currently unavailable are hidden by default. You can show them by adjusting the advanced course filters above, or clicking the 'show all' links below each section.
Core Courses
Complete the following core courses to fulfil the requirements of this program. | |||
|---|---|---|---|
| Code | Title | Term / Location | Units |
| ACFI1001 | Accounting for Decision Makers |
| 10 units |
| ACFI1002 | Accounting Practice |
| 10 units |
| ACFI1003 | Introduction to Finance |
| 10 units |
| ECON1001 | Microeconomics for Business Decisions |
| 10 units |
| ECON1002 | Macroeconomics in the Global Economy |
| 10 units |
| LEGL1001 | Foundations of Law |
| 10 units |
| MNGT1001 | Introduction to Management |
| 10 units |
| STAT1060 | Business Decision Making |
| 10 units |
Career-ready placement Course List
| Code | Title | Term / Location | Units |
|---|---|---|---|
| BUSN3002 | Industry Placement |
| 10 units |
| BUSN3500 | International Work Placement in Business |
| 10 units |
Majors
Students may utilise their elective courses to undertake a double major. Students must ensure that each major has 60 units of unique courses.
Accounting
| Compulsory | |||
|---|---|---|---|
| Code | Title | Term / Location | Units |
| ACFI1001 | Accounting for Decision Makers |
| 10 units |
| ACFI1002 | Accounting Practice |
| 10 units |
| ACFI2003 | Management Accounting |
| 10 units |
| ACFI2011 | Financial Accounting for Reporting Entities |
| 10 units |
| ACFI3001 | Accounting Theory |
| 10 units |
| ACFI3004 | Taxation |
| 10 units |
| ACFI3005 | Auditing and Assurance |
| 10 units |
| ACFI3009 | Contemporary Accounting Issues |
| 10 units |
Economics
| Compulsory | |||
|---|---|---|---|
| Code | Title | Term / Location | Units |
| ECON1001 | Microeconomics for Business Decisions |
| 10 units |
| ECON1002 | Macroeconomics in the Global Economy |
| 10 units |
| ECON2001 | Intermediate Microeconomics |
| 10 units |
| ECON2002 | Intermediate Macroeconomics |
| 10 units |
| ECON3008 | International Macroeconomics |
| 10 units |
| Course List | |||
|---|---|---|---|
Complete 30 units from the following course list. | |||
| Code | Title | Term / Location | Units |
| BUSN3001 | Project in Business | Not currently offered | 10 units |
| ECON3003 | Global Trade and Finance |
| 10 units |
| ECON3006 | Environmental Economics |
| 10 units |
| ECON3009 | Urban Property Economics |
| 10 units |
| ECON3011 | Introduction to Health Economics and Finance |
| 10 units |
Finance
| Compulsory | |||
|---|---|---|---|
| Code | Title | Term / Location | Units |
| ACFI1001 | Accounting for Decision Makers |
| 10 units |
| ACFI1002 | Accounting Practice |
| 10 units |
| ACFI2070 | Business Finance |
| 10 units |
| ACFI2080 | Corporate Finance |
| 10 units |
| ACFI3130 | Derivative Securities |
| 10 units |
| Course List | |||
|---|---|---|---|
Students must complete 30 units from the following course list. | |||
| Code | Title | Term / Location | Units |
| ACFI3006 | Personal Financial Planning |
| 10 units |
| ACFI3008 | Financial Analysis and Valuation |
| 10 units |
| ACFI3018 | Portfolio Management |
| 10 units |
| ACFI3019 | Funds Management | Not currently offered | 10 units |
| ACFI3140 | International Finance |
| 10 units |
| ACFI3190 | Financial Institutions Risk Management |
| 10 units |
Electives
| Electives 90 unit requirement | |
|---|---|
Complete 90 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. | 90 units |
Suggested electives
A full list of courses that are available to study as an elective can be found in the course handbook.
| Code | Title | Units |
|---|---|---|
| BUSN3002 | Industry Placement | 10 units |
| ESLA2000 | Academic English for International Students | 10 units |
| INFO1010 | Introduction to Information Systems | 10 units |
| INFT2150 | Business Analysis | 10 units |
Honours
Honours is available to students as a separate program with a duration of one year full-time (or part-time equivalent) to those who meet the entry requirements. Further information regarding the Bachelor of Commerce (Honours) program.
Additional information
Through the Pathways and Academic Learning Support Centre, students can access a free suite of NUPrep preparation courses as well as Academic Learning Support.
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 our International Students website to find out more about the support services available to international students.
Additional support
AccessAbility provides advice and reasonable adjustments to Students with a medical or health condition or disability. If you require adjustments to undertake your program, contact the Student Support Advisors - AccessAbility before semester or early in the semester. They will work with the College or School to ensure that this happens 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. More information is available online.
Bachelor of Commerce
UAC Code , Program Code 40029
CRICOS Code , Program Code 40029
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This criteria is based on a full-time international student attending Callaghan campus. Please select your criteria to personalise your study options and your circumstances.
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