Please note: Information on this page relates to the 2015 academic year unless otherwise specified.
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This subject is taught by the School of Accounting and Commercial Law.
Accounting is often referred to as the language of business, and is a vital aspect of business throughout the world—from securing finance for a new business, helping the business prepare fair and accurate reports of profit and business activity and advising on how best to manage revenues and costs, to listing on the share market. As firms and financial markets become global, accounting and accounting qualifications have become even more international. Accounting is also a fundamental element in helping government and not-for-profit sectors deliver their goods and services.
At Victoria, you will not be exposed to endless repetitive calculations or bookkeeping exercises. We teach in a manner that focuses on the ideas behind accounting which will help you develop valuable skills. To succeed in accounting you need to be comfortable with numbers, but you also need to be able to communicate—written and interpersonal skills are just as important as numeracy.
No previous study of accounting is expected, however preparing for any profession, including accounting, is never going to be without challenge. The hard work will be well rewarded, financially and otherwise, as you progress in your career.
Studying accounting at Victoria will enable you to understand the language of business and turn it to your advantage anywhere in the world and in any career you choose.
The Bachelor of Commerce (BCom) requires:
- A total of 360 points to complete the degree (3 years full-time study).
- The completion of seven compulsory core 100-level courses.
- The completion of at least one major.
First-year core courses in the BCom
In your first-year you have the choice between two accounting courses:
ACCY 111 (Accounting) covers the preparation, use and analysis of internal and external accounting information and is required if you intend to major in accounting and/or taxation.
ACCY 130 (Accounting for Decision Making), provides an introduction to accounting for students not intending to continue with an accounting or taxation major. This course covers the use and social impact of accounting information, both within organisations and in external reporting.
Students who have passed ACCY 130 with a B+ grade or better are permitted to enrol in 200-level ACCY courses without passing ACCY 111. Such enrolment will be subject to the student revising material covered in ACCY 111 but not ACCY 130 at the start of their 200-level courses. This material will be provided to the students and they will be expected, but not required, to attend a revision class that will be held in the second week of the trimester.
Essential to the accounting major are the key knowledge areas required by accountants in today's business environment: financial and management accounting, auditing, taxation, commercial law, corporate finance and accounting information systems.
The current Accounting major consists of the following courses:
- FINA 101 (or 201 or 211)
- ACCY 223, 225, 231, COML 203, 204, TAXN 201
- ACCY 302, 308, 330
Other areas of advanced study in accounting include financial statement analysis, fraud auditing, public sector accounting and critical perspectives in accounting.
ACCY 001 Bookkeeping—As well as completing the courses in the accounting major, students are required to demonstrate an understanding of the principles and practices of bookkeeping. This understanding is tested through the completion of the compulsory ACCY 001 Bookkeeping course. ACCY 001 should be taken in your first year of study as it is a pre-requisite to the 200-level ACCY courses and, therefore, needs to have been passed prior to enrolling in these courses.
If you started your degree prior to 2009 please contact your Student Administration Adviser in the Faculty of Commerce (Victoria Business School) to confirm your major requirements.
These are the attributes that we expect our ACCY majors to have by the time they graduate. They will be:
- Competent to engage in conceptual debates in accounting and business issues within the accounting profession and in wider society. This includes the ability to:
(b) analyse issues from various perspectives
- Technically competent to enter the accounting workforce in the major areas of accounting:
(e) accounting information systems (this includes both the ability to undertake
appropriate tasks and to understand their theoretical foundations)
- Able to evaluate and communicate ethical issues in accounting and the accounting profession
It is possible to complete an accounting minor. This consists of 60 points from ACCY at 200-level or above, including at least 15 points at 300-level.
Employment prospects for graduates in Accounting are wide ranging. All organisations of moderate and larger size require the services of an accountant or chartered accountant.
In addition, for those students wanting to become professional accountants, Victoria’s BCom degree in accounting is currently accredited by four professional accounting bodies:
- Chartered Accountants Australia and New Zealand (Formerly New Zealand Institute of Chartered Accountants (NZICA))
- CPA Australia
- Association of Certified Chartered Accountants (ACCA)
- Chartered Institute of Management Accountants (CIMA), UK.
Further information on qualifying as a professional accountant, can be found in the Accounting Profession and Careers section.
You can order more information on accounting subjects using our Request for Study Material form.
Victoria's Student Recruitment, Admission and Orientation Office offers advice on courses and help with planning your degree.
Contact the Faculty of Commerce Student and Academic Services Office (Victoria Business School) for information on admission, qualifications and courses, course advice and selection criteria, exemptions and prerequisites and your Application to Study.
Accounting courses are taught within the School of Accounting and Commercial Law, Rutherford House.
School of Accounting and Commercial Law
Levels 6 and 7 Rutherford House
23 Lambton Quay
Phone: +64-4-463 5775 or 5383 or 7465
Fax: +64-4-463 5076
Each course has specific learning objectives that we expect students to have attained by the time they have successfully completed the course.
Download the course learning objectives below:
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Please note: the list below shows undergraduate-level courses only. For a complete course listing, see the list of all Accounting courses.