The business of accounting reaches into every aspect of the world’s economies. It’s the oil that keeps the wheels of business turning. This means the opportunities available to you are almost endless. You might be interested in exploring the world’s best tourist destinations by working for a travel company. You might be interested in the new cryptocurrencies like Bitcoin and the impact digital currencies are having. Maybe you’re hoping to look after the books for a fashion design duo which grows into a fashion empire. Or maybe you’d love to be part of the team that launches a best selling app. Career opportunities in accounting are limited only by your imagination.
As the world of accounting continues to evolve at an ever accelerating rate, it creates more and more exciting opportunities for everyone involved in all areas of the financial services industry.
In response to this constantly evolving environment, our Bachelor of Business (Accounting) is designed to be industry focused and innovative. Real world projects, internships and industry engagement lie at the heart of the course. By giving you a solid foundation of knowledge and skills, the course will help set you up for a career in the accounting industry.
The course also involves active experiential learning which includes allowing you to work individually and in teams. They also encourage you to step out of your comfort zone and explore new ideas thereby helping you to develop resilience, adaptability and self confidence.
This qualification is
This qualification is accredited by CPA Australia and Chartered Accountants Australia and New Zealand (Chartered Accountants ANZ until December 2020.
This unit provides students with a broad overview of communication theory and the communication practices used in the business sector. It combines the knowledge and skills of business communication with a broad overview of business and the economy. Business communication skills encompasses the business context and looks at effective meeting management, presentation skills, job seeking and interview skills, and report writing. Students explore and practice the principles of good writing and effective communication as they relate to the business world and identify and critically assess the barriers to communication and how they might be overcome.
This unit introduces students to the world of business and contemporary business functions and operations. Students will learn about key business and management functions such as planning, organising, controlling, and leading, as well as the role of specific functional areas such as marketing, financial management IT, and people management. Students explore several different theoretical approaches to management and examine the role of culture and diversity in organisations, along with the importance and influence of ethics and good governance.
In this unit, students are introduced to the discipline of accounting. They consider its role and functions in business and society and learn about accounting frameworks and Australian accounting standards. Students learn about and practice key accounting functions and transactions including the use of debits and credits, adjusting to trial balance, completing the accounting cycle, and the importance of retail operations and accounting for inventory and receivables.
A key element of contemporary business management is an understanding of economics and economic forces and how these can influence business decision making. In this unit students explore key theories and principles of economic thinking including concepts such as competition, supply and demand, and elasticity. Students learn how markets operate and why they behave the way they do. They discuss how government economic policies (monetary and fiscal) effect national economies and individual businesses. Students explore the causes of inflation, international trade, the international monetary system, and production and growth. They also explore the causes and effects of the so-called ‘global financial crisis’ (GFC) in detail.
In this unit students are introduced to the use of accounting and management information. They will explore how accounting information is used, how information systems are designed including how processes are mapped and how they are documented. Students will also be given the opportunity to develop and interrogate their own small database system. The unit examines how accounting information systems are documented and identifies the internal controls of such systems. It explores various elements and stages of the transaction cycle and describes how accounting information is used, collected, maintained, and protected.
All Australian businesses operate within a legal framework. In this unit students are introduced to the Australian legal system and how laws are created, applied and interpreted. Through the extensive use of relevant case law students will learn about and discuss substantive business law topics including business crimes, the law of torts, contract law, consumer protection law and competition law. The unit also describes and explores the nature of business organisations.
In this unit students continue their introduction to the basic theories and functions of accounting practice. Students are introduced to the concepts of accountability and governance in the accounting profession and examine several key pieces of information used in business to aid decision making: the balance sheet, the income statement, and the cash flow statement.
Students learn how to prepare the statement of cash flows by both the direct and indirect methods. Students will also explore how to analyse financial statements and how they can contribute to effective business decision making. Finally, students will be introduced to accounting for partnerships and companies, as well as capital management and decisions relating to capital investments.
In this unit students explore the world of business finance. They begin with an introduction to finance and the operation of financial markets before examining the banking sector and banking regulations. Students then lean about the application of financial mathematics through and exploration of capital finance and budgeting in which they will learn how to calculate simple and compound interest, present and future values, and the value of inventory, lump sums, and annuities.
Students will also explore the accounting and internal rate of return and payback periods, and discuss the strengths and weaknesses of decision making tools.
In a world where organisations are confronted with vast amounts of information, there is an ever-increasing demand for people who are able to demonstrate that they can make effective use of data. This unit will help students to become more competent organisers of data and users of information and to develop their understanding of decision making processes. Students will attain an introductory level of statistical literacy by helping them to apply statistical concepts to critical business problems and major social issues as well as competency in the use of Microsoft Excel in a business and statistical environment
This unit introduces students to the concepts and theories of management accounting and the factors that influence costs in business operations. It describes how this knowledge enables business managers to make effective decisions and how they are communicated in order improve business efficiency. It examines cost allocations and evaluations and how to apply business overheads. It also instructs students how to calculate cost-volume-profit (CVP) analysis, break even points, and target net profit, as well as exploring methods for measuring performance such as return on investment. The unit explores how to manage customers and suppliers and looks at strategic operational planning and transfer pricing decision making.
In this unit we introduce students to concepts of business ethics and the elements of good corporate governance. The unit discusses the role of corporate officers and associated obligations, expectations, and responsibilities. It identifies and discusses the instruments and institutions responsible for maintaining good governance such as the ASX, ACC, ASIC, and APRA. Students also explore and discuss the difference between ethics, morals, and values and actively consider a range of moral and ethical dilemmas.
In this unit students are introduced to the Australian accounting regulatory environment and the different models and theories of financial accounting. It revisits the concept of assets and examines the depreciation of property, plant, and equipment. It then considers accounting for intangibles, leases, employee benefits, financial instruments, income and revenue, and taxes. The unit introduces accounting issues for several specific industries such as the insurance and superannuation industries, before concluding with an examination of corporate social responsibility accounting.
Building on their learning and understanding developed in the unit Business Law, students in this unit focus on the Corporations Act 2001 in detail. They examine different types of companies, company constitutions, rules, and external party relationships. The unit explores and examines legal issues surrounding the raising of finances and considers director’s duties and remedies for members. The unit also explores the legal requirements of financial reporting and considers issues around company mergers, takeovers and external administration.
In this unit students explore and consider the role of business valuations and the detailed analysis of financial information through key organisational financial statements. The unit explains and discusses the role of strategic analysis before considering a range of different methods and approaches to business valuation. It examines how we assess the profitability of businesses and how we make judgements and assessments regarding growth and sustainability. The unit also introduces a number of different methods for forecasting business performance together with methods for preparing valuations. The unit concludes with a discussion of the nature and limitations of organisational financial information.
Understanding and managing costs is a key element of business management. Increasingly, businesses are also recognising that managing performance is likewise a key function in improving business efficiency and profitability. This unit builds upon the unit Management Accounting by focusing on those key functions that help increase value and manger performance. Students explore the theory of strategic accounting management and investigate the factors that contribute to organisational performance. They examine various different control systems, the role of planning and budgeting, value chain analysis, and what is known as the balanced scorecard.
Students also examine approaches to pricing and customer management, benchmarking, and strategic investment strategies. The unit concludes with a discussion of business innovation and the emerging accounting challenges to management control and performance.
In this unit students examine the Australian taxation system. They explore concepts and theories associated with assessable income and allowable deductions, before examining key topics such as Goods and Services Tax (GST), Capital Gains, and Fringe Benefits Tax (FBT). The unit considers capital allowances, taxation for partnerships, trusts, and companies, and also dividend imputation. The unit concludes with an examination of the administration of the taxation systems as well as consideration of the international taxation environment and relevant issues that might impact the operation of international businesses.
This unit examines the essential role of audit and the professional auditor in modern business enterprises. It examines the legal obligations and responsibilities of companies, before explaining the audit process and describing the audit environment, including responsible agencies, legislation, and auditing standards and practice. The unit considers the concepts of operational risk assessment and materiality as well as the nature of audit evidence. The unit concludes with an examination of the ethics of audit practice.
In this unit students undertake an industry placement in which they are expected to draw upon the skills and knowledge they have acquired throughout the program and apply them in a practical business environment. Throughout their placement students will also be expected to attend five placement workshops in which they discuss and explore the progress of their placement.
This unit examines many of the theories and concepts that underpin contemporary accounting practice and explores the individual elements of the accounting framework, such as regulation, reporting, accounting practice, governance, risk mitigation, and ethics. It explores topics such as measurement, accounting theory, and the role of research in the accounting profession.
The unit also explores a range of contemporary and emerging issues in modern accounting including sustainability and environmental accounting, developments in international accounting, and corporate failure.
This unit provides students with a broad understanding of where digital marketing strategy lives within the broader marketing environment. The term ‘digital’ is increasingly over-used, and, as a result, has come to be increasingly misunderstood. This difficulty is leading many marketing companies to cease using the term in their business language and their job titles. Students deconstruct business needs and develop a clearer understanding of how, where, and when digital theory and practice fits into the integrated marketing communications strategic planning process, particularly with reference to the Australian context.
This unit provides students with the knowledge and skills necessary to develop a strategic marketing plan for a product, service, or organisation. Students will learn how to define measurable objectives, analyse the current market through a marketing audit; define key strategies; determine steps to achieve objectives; and plan budgets. Students also learn how to write an advertising brief for the execution of a marketing plan for a creative advertising agency. Students will examine a specific case or company in order to provide a practical framework for the exploration of the subject.
This subject explores the exciting and evolving world of digital communications including the key tactics and tools used for arising business opportunities. It covers the frameworks that underpin digital communications and includes learning about what drives increased use of social networks for business marketing success. You’ll learn about the functionality of websites and how this meets the needs of an organisation and delivers information to end users.
This subject focuses on the role of creativity and innovation within the business environment. Theoretical frameworks which underpin the creative process are examined along with various approaches to innovation of products, distribution (online), pricing and promotional strategies. Creative and innovative solutions to marketing problems are examined using case studies.
In this unit students explore the nature of strategic management: its scope and how it is defined. It considers the role and importance of strategic management and considers how it contributes to organisational competitive advantage. Students will learn about processes for strategic analysis and strategic direction setting. They examine so-called corporate level, strategic level, and international strategies and look at the role corporate governance and ethics play in strategic management. The unit allows students to explore a range of contemporary and current issues relevant to most modern businesses.
This unit introduces students to the theory and practice of project management, an increasingly important skill in almost all modern business enterprises. The unit begins with an explanation and definition of what project management is, and what it isn’t. It explores the development of modern project management theory and practice, and introduces students to the skills and tools used in project management including the use of PERT and GANTT charts. Students will learn about the stages in the project management life cycle, the role of the project manager, and how to schedule monitor, manage, and evaluate projects. They will also explore the concept of risk and quality management.
The dynamics of contemporary global social change and its cultural, political, and economic impacts are a big part of modern business. In this unit students will gain the skills and knowledge essential for working in international business. In particular, they will understand Australia’s place in the international marketplace and develop an understanding of strategic approaches to entering the international business arena.
This unit introduces students to the quantifiable measures used to track, monitor, and assess the success or failure of business performance and various business processes. The main goal of measuring business metrics is to track cost management or to maximise revenue opportunities. The overall goal of employing them is to communicate a company’s progression toward certain long and short-term strategic objectives. Business metrics is also the study of qualitative measures used to provide leading indicators for an organisation. These involve metrics pertaining to customer satisfaction, quality of customer service, the success of marketing campaigns, and brand loyalty. The combination of quantitative and qualitative metrics provides a clearer picture of an organisation’s performance and future potential.
In this unit students are introduced to two essentials aspects of modern business environments: change and the role of organisational leadership. The unit begins with an examination of the role and importance of change and a discussion of the principal theories of change. It then explores different theories of leadership before examining the traits and characteristics of effective leaders. Students learn about the factors that drive and influence change together with the stages of the organisational change cycle. They also explore some of the barriers to change and how these might be overcome.