University of Sydney Handbooks - 2017 Archive

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Accounting

The Accounting major provides capability and credibility across a broad spectrum of careers. It opens the door to many other markets and professions where the ability to understand and interpret financial information is the key capability. Students are provided with the opportunity to develop strong, technical, analytical and problem solving skills, whilst keeping abreast of contemporary issues in accounting practice. A feature of the Business School's program is that it takes an analytical perspective of how accounting is practised and how it should be practised. These and other questions are explored in an atmosphere that encourages a sense of enquiry.

Accounting is a Table A subject area - Major I subject area for the Bachelor of Commerce (Liberal Studies).

Requirements for a major in Accounting

For the award of a major in Accounting, students must complete:

(1)18 credit points in junior prerequisite units of study, as follows:

  • BUSS1020 Quantitative Business Analysis; (OR ECMT1010 Introduction to Economic Statistics) +
  • BUSS1030 Accounting, Business and Society
  • ACCT1006 Accounting and Financial Management.

+ Students enrolled in the Bachelor of Commerce and combined degrees (administered by the Business School) MUST complete BUSS1020 as it is a core unit for these programs.

(2) 36 credit points in senior units of study, comprising:

(i) 12 credit points in compulsory units of study, as follows:

  • ACCT2011 Financial Accounting A
  • ACCT2012 Management Accounting A.

(ii) 24 credit points in elective units of study selected from the following:

  • ACCT3011 Financial Accounting B
  • ACCT3012 Management Accounting B
  • ACCT3013 Financial Statement Analysis
  • ACCT3014 Auditing and Assurance
  • ACCT3031 International Corporate Governance
  • ACCT3032 Current Issues in Management Accounting *
  • CLAW2201 Corporations Law. +

* Not available for 2017.

+ CLAW2201 requires the completion of additional prerequisites not listed for this major.

Note: All units of study listed are six credit points unless otherwise indicated.

Unit of study prerequisites, corequisites and other requirements are outlined in Table A units of study: The University of Sydney Business School.

Professional accreditation in Accounting

Students enrolled in the Bachelor of Commerce, Bachelor of Commerce (Liberal Studies) or the combined Bachelor of Commerce degrees, may choose to pursue a program of study that would allow them to seek accreditation with CPA Australia and Chartered Accountants Australia and New Zealand (CAANZ).

Students who complete the Bachelor of Commerce (with a major in Accounting) may be eligible to receive four exam exemptions from the Association of Chartered Certified Accountants (ACCA). Students who complete other accredited units of study are also eligible for an additional ACCA exam exemptions.

Further information can be found in the 'Professional accreditation requirements' entry under the Bachelor of Commerce and Bachelor of Commerce and Bachelor of Laws sections.