Accounting (Master of Commerce)
The Accounting specialisation equips students with an in-depth understanding of the current techniques and practices in accounting for use in an executive or managerial position and encourages a sense of enquiring mind. The course examines key issues relating to financial accounting, management accounting, decision making, audit and assurance, financial statement analysis, accounting systems, corporate governance, sustainability reporting, management control systems and international accounting. With its emphasis on understanding, analysing and interpreting financial and non-financial information for decision making, this specialisation qualifies students in the evaluation of the financial position and performance of companies and their accounting systems, governance and management controls. In addition to giving an important start to professional accreditation, this specialisation prepares students to work either locally or overseas, within an accounting practice or other public and private sector organisations. This specialisation provides students with strong technical, analytical and problem solving skills, while keeping abreast of contemporary accounting practice.
Requirements for the specialisation
The following information is for students who commenced study or transferred into the Master of Commerce from 2012 or students who commenced study in 2011 and wish to follow these requirements for a specialisation. All other students should refer to the information set out below under 'Information for pre-2012 continuing students'.
To be awarded a specialisation in Accounting students complete five units of study (30 credit points), comprising:
(i) one foundational unit of study (six credit points), as follows:
(ii) four elective units of study (24 credit points), selected from the following unit options:
- ACCT5002 Managerial Accounting and Decision Making
- ACCT6001 Intermediate Financial Reporting
- ACCT6002 International Accounting
- ACCT6003 Financial Statement Analysis
- ACCT6005 Management Control Systems *
- ACCT6006 Advanced Managerial Accounting
- ACCT6007 Contemporary Issues in Auditing
- ACCT6010 Advanced Financial Reporting
- ACCT6014 Designing Accounting Systems
- ACCT6015 Extended Performance Reporting
- ACCT6116 Corporate Collapse *
- ACCT6118 Public Sector Accounting*
* Not offered in 2015.
Note: Non-foundational (advanced) units of study can be used to count to one specialisation only. For example, ACCT6003 cannot be used to count towards both an Accounting and a Banking specialisation.
Information for pre-2012 continuing students
Students who commenced study in the Master of Commerce in 2011 may choose to complete their specialisation according to the information set out above or can choose to complete according to the information set out in the following downloadable PDF which lists the 2011 structure. Students should also refer to the handbook of the year they commenced study for exact details of their specialisation requirements.
- Requirements for the Accounting specialisation for students who commenced study in the Master of Commerce in 2011
Students who commenced their degree before 2011 (in Master of Commerce), should follow the requirements for the 'Major in Accounting' as set out in the handbook of the year they commenced study.
Availability of this specialisation
This version of this specialisation is available under the following degrees:
- Master of Commerce (12 unit program)
- Master of Commerce (16 unit program)
- Master of Commerce and Master of Logistics Management
- Master of International Business and Master of Commerce
Students enrolled in the Graduate Diploma in Commerce or the Graduate Certificate in Commerce may choose units from this specialisation subject area as electives in their course.