The University of Newcastle, Australia

Why study accounting and finance

Studying at our in-house Greater Bank Finance Lab, you'll be ready to tackle global financial challenges and make a difference in communities here and across the globe. See yourself here in 2020.

About accounting and finance

With a degree in the area of accounting and finance, you’ll develop a dynamic understanding of the world’s fiscal systems and complex economic landscape. Stretch your skill set, so your strategic problem-solving skills can be applied in a variety of roles such as an accountant, financial analyst, investment banker, stockbroker, and more.

Your studies might lead you to work for a global consultancy – assessing the financial validity of future corporations – or to work with the Reserve Bank, providing economic forecasts to drive official interest rates. You’ll gain insight into the global interplay between the financial, legal, political, and economic systems, looking at how these factors influence the contemporary business environment in Australia and across the globe.

  • Get hands-on accountancy skills - our programs are shaped around global learning, work placements, internships and entrepreneurial approaches to study.
  • Build overseas financial experience with a range of international immersion activities like exchange, placements, study tours and short courses.
  • Study in NeW Space - NeW Space, in Newcastle’s CBD, provides the optimum environment for you to excel in your studies. Experience new-age learning, collaboration and idea sharing.
  • Our graduates get jobs with 93.8% of Bachelor of Commerce graduates employed within four months (Overall employment rate – 2018 Graduate Outcomes Survey).
  • Greater Bank Finance Lab - Located on level one of the University’s state of the art CBD vertical campus, NeW Space, 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.
  • Be recognised - enjoy professional accreditation with numerous major bodies and professional organisations including CPA Australia, CA Australia and New Zealand, the Association of Chartered Certified Accountants (ACCA) and the Association of International Accountants (AIA).

Undergraduate accounting and finance degrees

We understand that sometimes you don't know exactly which degree you'd like to pursue, but you know which field or major excites you. Use these areas of interest to narrow down your study options based on your interests and career goals.

All degrees

Degree name Selection rank
Bachelor of Business
Bachelor of Business / Bachelor of Commerce
Bachelor of Commerce
Bachelor of Commerce (Honours)
Bachelor of Commerce / Bachelor of Innovation and Entrepreneurship
Bachelor of Commerce / Bachelor of Laws (Honours)

Accounting

Studying accounting as part of your degree will teach you the systematic and comprehensive recording of financial transactions. Within an Accounting major, you’ll learn to measure and analyse not only what is happening in organisations, 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.

Career examples

  • Accountant
  • Business Analyst
  • Forensic Accountant
  • Payroll Supervisor

Degrees

  1. Bachelor of Commerce (major in Accounting)
  2. Bachelor of Commerce / Bachelor of Innovation and Entrepreneurship

Economics

In an Economics major you study the production, consumption and transfer of wealth. This area focuses on things like global economies, government spending, interest rates and government regulations. Economists analyse real-world problems such as sustainable economic growth, economic management and climate change and build models for planning and prediction of future events.

This specialisation is highly valued across industries and opens up doors all over the world.

Career examples

  • Economic Analyst
  • Social Statistician
  • Economist
  • Risk Analyst

Degrees

  1. Bachelor of Commerce (major in Economics)
  2. Bachelor of Commerce / Bachelor of Innovation and Entrepreneurship
  3. Bachelor of Development Studies (major in Globalisation and Economic Development)

Finance

A Finance major is concerned with the study of managing money efficiently. It focuses on cash flow; asset and risk management; capital markets; portfolio theory; international finance; and forecasting and budgeting. It looks at pricing assets based on their risk level and expected rate of return.

Finance professionals can be involved in a range of industries including the stock market, banking or financial planning.

Career examples

  • Financial Analyst
  • Fund Manager
  • Investment Banker
  • Stockbroker

Degrees

  1. Bachelor of Commerce (major in Finance)
  2. Bachelor of Commerce / Bachelor of Innovation and Entrepreneurship

Combined degrees

Studying a combined degree gives you two qualifications at once. The advantage is that you graduate with two degrees in less time than doing them separately. You may also gain a competitive edge in the employment market as employers are increasingly looking for staff with diverse skill-sets.

Degrees

  1. Bachelor of Business / Bachelor of Commerce
  2. Bachelor of Business / Bachelor of Innovation and Entrepreneurship
  3. Bachelor of Commerce / Bachelor of Innovation and Entrepreneurship
  4. Bachelor of Commerce / Bachelor of Laws (Honours)
  5. Bachelor of Development Studies / Bachelor of Business
  6. Bachelor of Development Studies / Bachelor of Social Science

What's
your
2020
vision?

Watch Julia's story

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Are you interested in helping fuel the financial future of communities? Look no further for inspiration than Bachelor of Commerce (Accounting) and Bachelor of Business (Leadership and Management) student Julia Weber. She’s pursuing a path that will allow her to practice social entrepreneurship.

“Social entrepreneurship is different to business in that a business is for creating profit, we want to make money,” explains Julia.

“But social entrepreneurship is about creating social impact. So you want to go into communities and solve a problem.”

And as a recipient of the University of Newcastle’s iLead global leadership development scholarship, that’s exactly what Julia was able to do. She travelled to Bandung, Indonesia, where she partnered with local community members to help them find and sustain economic opportunities.

“What that involved was going into villages and looking at how we could empower local people to start their own businesses. What skillsets do they need? What confidence do they need?” says Julia.

Eventually, they found a project where they could make a significant impact on behalf of the citizens there.

“We were able to create project plan and go into a village and assist women in that village to create their own business out of something they were already doing day to day. Producing a food product, and they were able to monetise that through the skills that we taught them,” says Julia.

“Through the skills I acquired through my commerce degree, I was in charge of educating local Indonesians about accounting…the basics of debits and credits, the importance of keeping good records, looking at business performance and where the key areas were that they could improve.”

Julia says that being in Indonesia and seeing firsthand how her work helped to change lives for the better was incredible.

“The profits from that were put towards a library for the local kids in the community. And I can honestly say that was one of the most rewarding emotional experiences of my life, when we opened those library doors, the kids ran in, and held brand new books for the first time.”

She built skills she believes will stay with her for a lifetime.

“Being in Indonesia was one of the most transformative experiences that I’ve had, because it forced me out of my comfort zone. I now know that I can walk into any room with any number of strangers, and be able to hold a conversation and find common ground with anyone.”

Today, Julia works as a Trainee Private Business and Family Advisory at Pitcher Partners. She gets excited about teaching her clients the skills to create more stable financial opportunities for themselves.

“I am extremely passionate about financial literacy. In particular, educating young people about money matters so that they can avoid debt and have a prosperous financial future.”

Why study at Newcastle?

Greater Bank Finance Lab

Located at New Space, 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.

Meet Daisy

Daisy is finding new opportunities in accounting and finance.

Student life

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Scholarships

With more than 100 Scholarships to choose from, get access to the financial support you need to succeed at uni.

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Assocation to Advance Collegiate Schools of Business

The Newcastle Business School is accredited with the Association to Advance Collegiate Schools of Business (AACSB), earned by fewer than 5% of the world's business programs. AACSB is the premier, and longest-standing, international accrediting body for business programs and is the international benchmark for excellence in business education.