Qualification for this Major requires the successful completion of 80 credit points including all of the core Units listed below.
Students seeking accreditation with CPA Australia (CPA), The Institute of Chartered Accountants in Australia (ICAA) and the Institute of Public Accountants (IPA) should complete the following three units in addition to the Core Units specified for this Major.
This unit version replaces 200187.1 Taxation Law from Autumn 2011. Topics in this unit include: constitutional basis of taxation; income tax assessment; concept of income tax; allowable deductions; other federal and state taxes; taxation of business associations (partnerships, companies, trusts and primary producers); taxation accounting, administration and practice; taxation planning and avoidance.
This unit version replaces 200183 Law of Business Organisations from Autumn 2011. This unit deals with legal issues concerning the creation and control of companies and compares this structure with other forms of business organisations, such as partnership, trusts and sole traders. This unit will provide students with an appreciation of the law of partnership, and companies and, for the sake of completeness and comparison, a brief examination of the law regarding unincorporated and incorporated non-profit associations.
Corporate Financial Management
This unit introduces the fundamental concepts of finance theory and the tools of financial decision making in the context of the Australian institutional environment. These concepts relate primarily to the time value of money, risk and return, capital budgeting and capital structure. The unit's purpose is to develop an understanding of the basic practices of financial management from the perspective of a firm (both large and small). Students examine the investment, financing and dividend decisions of corporations.
Financial Accounting Applications
This unit gives students the practical skills necessary to analyse the accounting transactions of an entity and then be able to measure and record these transactions in a systematic manner for the preparation of accounting reports to external users.
Management Accounting Fundamentals
This unit provides an introduction to management accounting in an e-commerce environment. The interrelations of management accounting to other functional areas, to suppliers, to customers, and to other sources of external information relevant to planning and control are examined. Topics include the development and logic of routine and non routine analysis performed to support management decision making.
Intermediate Financial Accounting
This unit extends the knowledge and understanding of financial accounting through the application of problem solving to selected entities drawing upon accounting theory and critical analysis.
Contemporary Management Accounting
This unit views contemporary areas of management accounting from a strategic perspective, and critically examines some of the traditional concepts and techniques discussed in Management Accounting Fundamentals.
Accounting Information Systems
This unit considers the design and implementation of accounting information systems as a data model for resource allocation and management of an organisation. It includes consideration of current trends in information management and the changing regulatory requirements.
This unit builds on the fundamental knowledge of accounting procedures gained in Intermediate Financial Accounting. It involves the comprehensive study of aspects of corporate accounting and reporting which are regulated by legislation, accounting standards, Australian Securities and Investment Commission and Stock Exchange requirements. This unit is designed to provide students with grounding in the regulation and practice of corporate reporting in Australia. The major orientation is towards the theoretical and practical aspects or corporate reporting, whilst at the same time exploring the reasons for regulatory disclosures.
Auditing and Assurance Services
This unit studies the roles and responsibilities of the auditor, auditing principles and standards and the application of those standards, particularly in an electronic environment.
This unit addresses the advanced aspects of accounting with particular emphasis on accounting theories and how they assist us in understanding current accounting practice and accounting standards. This unit focuses on the relationship between the theoretical concepts and current news and events.
Qualification for the award of Bachelor of Business and Commerce with a major in Accounting requires the successful completion of 240 credit points as per the recommended sequence below.
This unit is a survey of the marketing process, introducing students to the marketing concept, strategic and marketing planning, marketing research, consumer and customer behaviour, issues of market segmentation, targeting and positioning as well as all the elements of the marketing mix (product/service, pricing, distribution and marketing communication strategies).
Accounting Information for Managers
This unit provides exposure to financial and management accounting information from a user of accounting information viewpoint. The unit aims to provide breadth of awareness and knowledge in relevant fields of accounting essential to decision making for managers.
This is a foundation unit that addresses academic essay writing skills relevant to business and economic issues. The unit is designed to develop basic student proficiencies such as information collection, analysis and evaluation, and logical reasoning skills. Through the analysis of ethical issues, this unit teaches students to research; reference using the College of Business and Law's Harvard style; analyse data; develop an argument; and write an academic essay.
This unit is an introduction to economic concepts and contemporary economic issues. It introduces students to basic concepts such as markets and their operation, the behaviour of firms, the efficiency and potential failings of free markets, the role of government, key macroeconomic variables and problems such as unemployment. It illuminates these concepts via application to contemporary economic issues and debates over different theoretical perspectives. This unit also exposes students to recent developments in economics via presentations by specialist guest lecturers.
This is an introductory law unit designed to introduce the fundamentals of law in a commercial context. The unit introduces students to the basic principles of law and the legal system as well as examining some of the major areas of law that impact on commercial dealings. This unit examines the structure of the legal system, the way law is made and the main areas of law relevant to starting and running a business including contracts, torts and consumer protection.
Financial Accounting Applications
This unit gives students the practical skills necessary to analyse the accounting transactions of an entity and then be able to measure and record these transactions in a systematic manner for the preparation of accounting reports to external users.
This unit provides an opportunity for students to engage with the dynamics of the management of organisations. Students will be introduced to the connection between the way work and systems are organised and managed and their impact on individuals and societies. This is achieved by using case based opportunities to examine real life contexts. This is an essential unit for business students that can be taken by any student needing a broad initial understanding of management.
Choose one of
Statistics for Business introduces the basic concepts and techniques of statistics that are particularly relevant to problem solving in business. It also provides a sound base for more advanced study in statistics and forecasting in subsequent sessions. Topics include: presentation of data; descriptive statistics; the role of uncertainty in business decision making; hypothesis testing; and basic forecasting.
Introduction to Economic Methods
Introduction to Economic Methods will cover basic concepts in Mathematics and Statistics to help their understanding of subjects like accounting, management, marketing, finance, and economics. In addition, the analytical techniques, concepts and models that will be discussed in this unit will play a foundation role in a Business degree. Topics include: Differential calculus and its application in business and economics; collection, analysis and interpretation of data using simple descriptive and inferential statistical methods; probability distributions, point and interval estimation, hypothesis testing, and an introduction to regression analysis.
Management Accounting Fundamentals
This unit provides an introduction to management accounting in an e-commerce environment. The interrelations of management accounting to other functional areas, to suppliers, to customers, and to other sources of external information relevant to planning and control are examined. Topics include the development and logic of routine and non routine analysis performed to support management decision making.
Intermediate Financial Accounting
This unit extends the knowledge and understanding of financial accounting through the application of problem solving to selected entities drawing upon accounting theory and critical analysis.
Choose one of
Corporate Financial Management
This unit introduces the fundamental concepts of finance theory and the tools of financial decision making in the context of the Australian institutional environment. These concepts relate primarily to the time value of money, risk and return, capital budgeting and capital structure. The unit's purpose is to develop an understanding of the basic practices of financial management from the perspective of a firm (both large and small). Students examine the investment, financing and dividend decisions of corporations.
Or one elective
Choose one of
This unit version replaces 200183 Law of Business Organisations from Autumn 2011. This unit deals with legal issues concerning the creation and control of companies and compares this structure with other forms of business organisations, such as partnership, trusts and sole traders. This unit will provide students with an appreciation of the law of partnership, and companies and, for the sake of completeness and comparison, a brief examination of the law regarding unincorporated and incorporated non-profit associations.
Or one elective
Contemporary Management Accounting
This unit views contemporary areas of management accounting from a strategic perspective, and critically examines some of the traditional concepts and techniques discussed in Management Accounting Fundamentals.
Accounting Information Systems
This unit considers the design and implementation of accounting information systems as a data model for resource allocation and management of an organisation. It includes consideration of current trends in information management and the changing regulatory requirements.
This unit builds on the fundamental knowledge of accounting procedures gained in Intermediate Financial Accounting. It involves the comprehensive study of aspects of corporate accounting and reporting which are regulated by legislation, accounting standards, Australian Securities and Investment Commission and Stock Exchange requirements. This unit is designed to provide students with grounding in the regulation and practice of corporate reporting in Australia. The major orientation is towards the theoretical and practical aspects or corporate reporting, whilst at the same time exploring the reasons for regulatory disclosures.
And one elective
Auditing and Assurance Services
This unit studies the roles and responsibilities of the auditor, auditing principles and standards and the application of those standards, particularly in an electronic environment.
And two electives
Choose one of
This unit version replaces 200187.1 Taxation Law from Autumn 2011. Topics in this unit include: constitutional basis of taxation; income tax assessment; concept of income tax; allowable deductions; other federal and state taxes; taxation of business associations (partnerships, companies, trusts and primary producers); taxation accounting, administration and practice; taxation planning and avoidance.
Or one elective
This unit addresses the advanced aspects of accounting with particular emphasis on accounting theories and how they assist us in understanding current accounting practice and accounting standards. This unit focuses on the relationship between the theoretical concepts and current news and events.
Engaged Learning Unit
The Accountant as a Consultant
This unit focuses on the role that accountants play in the effective management of businesses, using case studies covering a range of accounting areas.
And two electives
Elective units may be used toward obtaining an additional approved major (80 credit points) or sub-major (40 credit points). UWS offers majors and sub-majors in a range of areas including Sustainability and Indigenous Studies. Refer to the Unit Set Index.
Students can apply for these unit sets using the Course Variation Form, which is listed under Enrolment Forms on the Student forms web page.
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