Master of Commerce - 12 unit program (MCom)

Course CodeFC066
Course TypePostgraduate
Credit Points Required 72
CRICOS code019181A

Description

The 12 unit Master of Commerce is only available for continuing students. Students commencing study from Semester 2, 2013 (July) enrol in the16 unit program.

The Commerce programs draw on the breadth of research and teaching expertise in the University of Sydney Business School to assist students to develop the advanced skills and knowledge required for a high-level position in industry, commerce, and government. These programs offer specialised education in the following areas: accounting, banking, business information systems, business law, economics, econometrics, finance, international business, logistics and supply chain management, people, management and organisations, marketing, quantitative business analysis, quantitative finance, strategy, innovation and entrepreneurship and project management.

Minimum duration of degree

Full-time Part-time
1.5 years 3 years

Please Note: Students who commenced their degree prior to 2012 should refer to the handbook for the year they commenced. Archived downloadable handbooks can be accessed on the Handbooks website.


Degree structure

To be awarded the Master of Commerce, students must successfully complete a total of 12 units of study (72 credit points), comprising:

  • two core units of study (12 credit points)
  • two to five foundational units of study (12 to 30 credit points)
  • a specialisation selected from one of the Commerce areas of specialisation
  • an optional second specialisation (different to that chosen as a first specialisation); OR elective units of study selected from the areas of specialisation.

Please Note: The information set out here is for students commencing their Master of Commerce degree in 2012 and Semester 1, 2013. Continuing students should follow the degree structure outline in the Handbook for the year they commenced their degree

Core units of study

Master of Commerce students complete two units of study:

Foundational units of study

Master of Commerce students complete two to five foundational units of study. The available foundational units are as follows:

(i) Foundational units from the University of Sydney Business School:

(ii) Foundational units from the School of Economics(Faculty of Arts and Social Sciences):

* IBUS6002 and IBUS6003 units replace IBUS5001 from 2013.

# ITLS5000 replaces TPTM5001 from 2014.

Specialisations and electives

Students complete at least one specialisation as a requirement for the Master's degree. For a specialisation, students complete at least one foundational unit of study (six credit points) and four advanced units of study (24 credit points). The foundational unit for a specialisation is completed within a student's first semester of study. Students select their specialisation and/or electives from the following areas:

(i) Specialisations from the University of Sydney Business School:

(ii) Specialisations from the School of Economics in the Faculty of Arts and Social Sciences:

Industry placement

Students who achieve a WAM of 65%+ in a minimum of the eight units in the Master of Commerce (48 credit points) have the possibility of undertaking an assessable work integrated learning unit, BUSS6500 Industry Placement,(six credit points). Access to this unit will be subject to the availability of suitable placements, with available placements offered on a competitive basis and subject to WAM performance and interview by the Program Director.

Please note: This unit cannot be counted towards a specialisation.

Commerce dissertation

Students in the 12 unit (72 credit point) Master of Commerce program must achieve a WAM of 80%+ in a minimum of eight units of study (48 credit points) in the Master of Commerce may apply to complete a research dissertation (24 credit points) comprising: BUSS7002 Business Dissertation (full-time students), OR BUSS7000 Business Dissertation A and BUSS7001 Business Dissertation B (part-time students). Access to these units will be subject to the availability of suitable supervisors, WAM performance and interview by the Program Director.

Please note: This unit cannot be counted towards a specialisation.

Accreditation program requirements

Australian Computer Society (ACS) accreditation program

The Business School is currently seeking re-accreditation for the ACS, further information will be available in late 2014.

Students planning to satisfy the accreditation requirements of the ACS should include in their degree a prescribed set of units of study, including a specialisation in Business Information Systems. The required units of study are listed below:

  • The foundation unit of study INFS5001 Project Management from 'Foundational units of study'
  • At least five advanced Business Information Systems (INFS 6000-level) elective units of study (30 credit points).

For further information, click on the following link: ACS accreditation.

This major has been accredited until September 2014.

Professional Accreditation in Accounting

Students seeking associate membership of CPA Australia and/or the Institute of Chartered Accountants Australia (ICAA) should complete the Master of Professional Accounting which is accredited by both CPA Australia and the ICAA. Depending on their choice of units of study, however, students enrolled in the Masters of Commerce may also be able to cover the core knowledge areas required for associate membership of CPA Australia or the ICAA.

2013 Accreditation requirements

The Masters of Commerce and Masters of Professional Accounting programs are undergoing a five year re-accreditation review by the two major professional accounting bodies (CPA Australia and ICAA) at the end of 2012. As the last enrolment in this 12 unit Master of Commerce program will be semester 1 2013, with a new 16 unit Master of Commerce degree commencing in semester 2 3013, the ICAA has indicated that, subject to a successful re-accreditation of this program at the end of 2012 student enrolling in this 12 unit program in semester 1, 2013 will not be subject to the new expanded 2013 joint accreditation requirements (as a transition arrangement).

As a result, and subject to a successful review, choice of the following units of study are suggested to maximise the coverage of the foundation core knowledge areas required:

Required knowledge area Subject code Subject's name

Accounting information systems

ACCT6014

Designing Accounting Systems

Accounting systems and processes

ACCT5001

Accounting Principles

Accounting theory

ACCT6001

Intermediate Financial Reporting

Audit and assurance

ACCT6007 *

Contemporary Issues in Auditing

Commercial law CLAW5001 Legal Environment of Business
Corporations law CLAW6002 Corporate Structures in Practice
Economics BUSS5001 Firms, Markets and Business Management (new unit for 2013)
Finance FINC5001 Capital Markets and Corporate Finance
Financial accounting ACCT6010 Advanced Financial Reporting
Management accounting ACCT5002
Management Accounting and Decision Making
Quantitative methods QBUS5001 OR
ECMT5001
Quantitative Methods for Business OR
Principles of Econometrics
Taxation CLAW6026* Taxation Law and Practice

* Note: CPA Australia allows graduates to cover auditing and taxation core knowledge areas within the elective component of their professional level CPA Program, if not part of the units of study that they have completed in their university degree.

Choice of units in the accounting major may depend on whether CA accreditation for ICAA or CPA accreditation for CPA Australia is preferred

Students should check each of the ICAA and CPA Australia websites for the accredited units required for the program under the year of their enrolment, (see further information below) . If required, , they can seek advice from the CPA/ICAA accreditation liaison officer in the Discipline of Accounting.

Requirements for accreditation for students who commenced study prior to 2013

Students who commenced study prior to 2013 should follow the accreditation requirements for the year they commenced their study. Pre-2013 students should refer to the accreditation requirements in the handbook of the year they commenced study and the website the professional accounting body (see Further information below) for exact unit requirements.

Further information

For further information regarding accreditation with these professional accounting bodies, please refer to the accredited course information on their respective websites:

Preparation for Certified Financial Advisor (CFA) Exams

The learning content offered in the Finance specialisation has considerable overlap with Levels I, II and III of the CFA and assists with preparation for the external CFA exams. The following units of study are especially relevant to students wishing to take the CFA exams:

  • FINC5001 Capital Markets and Corporate Finance
  • FINC6001 Intermediate Corporate Finance
  • FINC6009 Portfolio Theory and its Applications
  • FINC6010 Derivative Securities
  • FINC6014 Fixed Income Securities
  • FINC6017 Mergers and Acquisitions
  • FINC6021 Corporate Valuation
  • FINC6022 Behavioural Finance
  • FINC6023 Risk Management

Progression guides

1. The following table shows an example degree progression for a student who wishes to attain one specialisation in the Master of Commerce on a full-time basis undertaking four units of study per semester.

Year / Semester Unit of study 1 Unit of study 2 Unit of study 3 Unit of study 4 Total credit points

Year 1
Semester 1

foundational (articulates to specialisation)

foundational

foundational

BUSS5000

24

Year 1
Semester 2

specialisation

specialisation

foundational or elective

foundational or elective

24

Year 2
Semester 1

specialisation

specialisation

elective

BUSS6000

24

2. The following table shows an example degree progression for a student who wishes to attain two specialisations in the Master of Commerce on a full-time basis undertaking four units of study per semester.

Year / Semester Unit of study 1 Unit of study 2 Unit of study 3 Unit of study 4 Total credit points

Year 1
Semester 1

foundational (articulates to specialisation A)

foundational (articulates to specialisation B)

specialisation B

BUSS5000

24

Year 1
Semester 2

specialisation A

specialisation A

specialisation B

specialisation B

24

Year 2
Semester 1

specialisation A

specialisation A

specialisation B

BUSS6000

24

Students who intend to meet specific professional body accreditation requirements should check the information listed under the heading Accreditation program requirements as this may impact on the choice of specialisation/s and electives.

Please Note: The information listed in these program of study examples is meant as a guide only. Students should always check the requirements for individual units of study. Students are usually able to complete the units of study for their degree in different sequences to those listed above. You are advised to plan their degree based upon your individual needs and to contact the Student Information Office if you need any assistance in planning your progression in your degree.

Degree progression examples - specialisations and specialisation combinations

The following downloadable degree progression examples illustrate all single specialisations and some specialisation combinations which can be undertaken in the Master of Commerce. Students should note that many other combinations of specialisations can be completed other than those illustrated in the examples below.

Entry requirements

For entry into this degree, students must have completed a bachelor's degree, graduate diploma/certificate or equivalent from a recognised tertiary institution with a minimum credit (65 per cent) average.

For details of the English language requirements for entry into this course, please refer to the webpage titled English Language Requirements for International Students under the Admissions information on the University's website.

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