UWA Handbook 2017

Major details

FURTHER INFORMATION

Timy Liu

I chose to study Accounting because of the endless opportunities for travel and work abroad upon the completion of my degree. Pairing my Accounting major with a second major in Japanese has given me the option to undertake internships internationally. I really enjoy applying what I learn in the classroom by getting involved in student clubs around UWA.

Accounting major

Accounting is essential for monitoring and guiding business operations so that managers can gain an accurate and up-to-date picture of the financial health of their organisation. The Accounting major focuses on the preparation, interpretation and communication of accounting information essential for effective decision making within and outside an organisation. You can choose to undertake focused study in either financial or management accounting, pursue professional membership, or complete a more generalised course of study covering a wide range of accounting subjects in greater depth.

This major is designed to meet the accreditation requirements of the main professional accounting bodies, preparing you for entry into the workforce.

Outcomes

Students are able to (1) understand the principles underlying the preparation of financial accounting reports; (2) analyse accounting information to evaluate business performance; (3) use accounting information for optimal resource allocation within the organisation; and (4) communicate effectively and succinctly the results of financial analysis.

Degree-specific major

Degree-specific major

Accounting can be taken as a degree-specific major in the following degree courses:

BP002 Bachelor of Commerce
BH005 Bachelor of Philosophy (Honours)

Overview of unit sequence

Accounting is a degree-specific single major comprising:

  • two Level 1 units
  • three Level 2 units
  • three Level 3 units
  • four Level 1 complementary units

or

  • two Level 1 units
  • two Level 2 units
  • four Level 3 units
  • four Level 1 complementary units
Key to availability of units:
S1 = Semester 1; S2 = Semester 2; N/A = not available in 2017

Note: Units that are indicated as N/A may be available in 2018 or 2019.

For students seeking professional accreditation: take LAWS1104 Introduction to Law or LAWS1120 Australian Legal Principles and Institutions at Level 1 and take LAWS2301 Company Law at Level 2. Students enrolled in courses other than the Bachelor of Commerce and intending to pursue professional accreditation should seek advice from the UWA Business School. Bachelor of Commerce students completing a second major in Engineering Science must complete CITS2401 Computer Analysis and Visualisation as the Level 2 option to meet the requirements of the major.

Level 1

Take all units (12 points):
Availability Unit code Unit name  Unit rules
S1, S2 ACCT1101 Financial Accounting None
S1, S2 FINA1221 Introduction to Finance Incompatibility: FINA2221 Introduction to Finance
Take all complementary units (24 points):
Availability Unit code Unit name  Unit rules
S1, S2 ECON1101 Microeconomics: Prices and Markets None
S1, S2 MGMT1135 Organisational Behaviour Incompatibility: MGMT2235 Organisational Behaviour
S1, S2 MKTG1203 Marketing Management Incompatibility: MKTG2203 Marketing Management
S1, S2 STAT1520 Economic and Business Statistics Prerequisites: Mathematics Methods ATAR or WACE Mathematics 3A/3B or MATH1720 Mathematics Fundamentals or ECON1111 Quantitative Methods for Business and Economics or MATH0038 Mathematical Analysis or equivalent or higher
Incompatibility: STAT1400 Statistics for Science; STAT1510 Statistics A; STAT1530 Statistics B; STAT2210 Biometrics 1; MATH1020 Calculus, Statistics and Probability; SCIE1104 Science, Society and Data Analysis

Level 2

Take all units (12 points):
Availability Unit code Unit name  Unit rules
S1, S2 ACCT2112 Management Accounting Prerequisites: ACCT1101 Financial Accounting
Incompatibility: ACCT1112 Management Accounting
S1, S2 ACCT2201 Corporate Accounting Prerequisites: ACCT1101 Financial Accounting
Take either unit(s) to the value of 6 points from this group and unit(s) to the value of 18 points at Level 3, or take unit(s) to the value of 24 points at Level 3:
Availability Unit code Unit name  Unit rules
S1 ACCT2331 Taxation Prerequisites: ACCT1101 Financial Accounting
Incompatibility: ACCT3331 Taxation

Level 3

Take unit(s) to the value of 18 points if the Level 2 option is taken, or take unit(s) to the value of 24 points if it was not. Units must include at least one of ACCT3321 or ACCT3323:
Availability Unit code Unit name  Unit rules
N/A ACCT3202 Advanced Corporate Accounting Prerequisites: ACCT2201 Corporate Accounting
Incompatibility: ACCT2202 Advanced Corporate Accounting
S2 ACCT3203 Contemporary Managerial Accounting Prerequisites: ACCT1112 Management Accounting; or ACCT2112 Management Accounting
Incompatibility: ACCT2203 Contemporary Managerial Accounting
S2 ACCT3206 Performance Measurement and Evaluation Prerequisites: ACCT1112 Management Accounting; and ACCT2112 Management Accounting
Incompatibility: ACCT2206 Performance Measurement and Evaluation
S2 ACCT3302 Financial Statement Analysis Prerequisites: ACCT2201 Corporate Accounting
Incompatibility: FINA2207 Business Analysis and Valuation
S1 ACCT3321 Financial Accounting: Theory and Practice Prerequisites: ACCT2201 Corporate Accounting
S2 ACCT3322 Auditing Prerequisites: ACCT2201 Corporate Accounting
S1 ACCT3323 Strategic Management Accounting Prerequisites: ACCT2112 Management Accounting; for pre-2012 courses: ACCT2203 Contemporary Managerial Accounting

Choosing your degree-specific major

You must satisfy the requirements of a degree-specific major before you complete your course. The flexible structure of an undergraduate course allows you to try out a number of different subjects to see what interests you before nominating your degree-specific major. You have the choice to either nominate your degree-specific major when you first enrol in the course or delay nominating it until your second year.

To plan the first year of your study without nominating a degree-specific major, you are advised to choose units that will pave the way to two or more degree-specific majors that are of interest to you. For examples of the choice of units available in first year, search the first-year study plans .

To fully understand the structure of an undergraduate course, read the course structure information and the Undergraduate Degree Course Rules.

The following example illustrates how the Accounting degree-specific major can be included in the Bachelor of Commerce course.

Example 1:
Course Study Plan: CSP002-ACCTG-1 (opens in a new window)
Example 2:
Course Study Plan: CSP002-ACCTG-2 (opens in a new window)

There are more choices open to you. For more examples, search the study plans .

Choosing a second major

You also have the option to choose a second major from those available in the Bachelor of Arts, Bachelor of Commerce, Bachelor of Design or Bachelor of Science course, giving you the opportunity to pursue your interests no matter how different they are.

The following example illustrates how the Accounting degree-specific major can be combined with a second major in the Bachelor of Commerce course.

Example 1:
Example 2:

For more examples of combinations of majors, search the study plans .

Accounting can also be taken as a second major.

Second major

Second major

Accounting can be taken as a second major in the following degree courses:

BP001 Bachelor of Arts
BP002 Bachelor of Commerce
BP003 Bachelor of Design
BP004 Bachelor of Science
BH005 Bachelor of Philosophy (Honours)

Overview of unit sequence

The Accounting second major is a single major comprising:

  • two Level 1 units
  • three Level 2 units
  • three Level 3 units

or

  • two Level 1 units
  • two Level 2 units
  • four Level 3 units
Key to availability of units:
S1 = Semester 1; S2 = Semester 2; N/A = not available in 2017

Note: Units that are indicated as N/A may be available in 2018 or 2019.

For students seeking professional accreditation: take LAWS1104 Introduction to Law or LAWS1120 Australian Legal Principles and Institutions at Level 1 and take LAWS2301 Company Law at Level 2. Students enrolled in courses other than the Bachelor of Commerce and intending to pursue professional accreditation should seek advice from the UWA Business School. Bachelor of Commerce students completing a second major in Engineering Science must complete CITS2401 Computer Analysis and Visualisation as the Level 2 option to meet the requirements of the major.

Level 1

Take all units (12 points):
Availability Unit code Unit name  Unit rules
S1, S2 ACCT1101 Financial Accounting None
S1, S2 FINA1221 Introduction to Finance Incompatibility: FINA2221 Introduction to Finance

Level 2

Take all units (12 points):
Availability Unit code Unit name  Unit rules
S1, S2 ACCT2112 Management Accounting Prerequisites: ACCT1101 Financial Accounting
Incompatibility: ACCT1112 Management Accounting
S1, S2 ACCT2201 Corporate Accounting Prerequisites: ACCT1101 Financial Accounting
Take either unit(s) to the value of 6 points from this group and unit(s) to the value of 18 points at Level 3, or take unit(s) to the value of 24 points at Level 3:
Availability Unit code Unit name  Unit rules
S1 ACCT2331 Taxation Prerequisites: ACCT1101 Financial Accounting
Incompatibility: ACCT3331 Taxation

Level 3

Take unit(s) to the value of 18 points if the Level 2 option is taken, or take unit(s) to the value of 24 points if it was not. Units must include at least one of ACCT3321 or ACCT3323:
Availability Unit code Unit name  Unit rules
N/A ACCT3202 Advanced Corporate Accounting Prerequisites: ACCT2201 Corporate Accounting
Incompatibility: ACCT2202 Advanced Corporate Accounting
S2 ACCT3203 Contemporary Managerial Accounting Prerequisites: ACCT1112 Management Accounting; or ACCT2112 Management Accounting
Incompatibility: ACCT2203 Contemporary Managerial Accounting
S2 ACCT3206 Performance Measurement and Evaluation Prerequisites: ACCT1112 Management Accounting; and ACCT2112 Management Accounting
Incompatibility: ACCT2206 Performance Measurement and Evaluation
S2 ACCT3302 Financial Statement Analysis Prerequisites: ACCT2201 Corporate Accounting
Incompatibility: FINA2207 Business Analysis and Valuation
S1 ACCT3321 Financial Accounting: Theory and Practice Prerequisites: ACCT2201 Corporate Accounting
S2 ACCT3322 Auditing Prerequisites: ACCT2201 Corporate Accounting
S1 ACCT3323 Strategic Management Accounting Prerequisites: ACCT2112 Management Accounting; for pre-2012 courses: ACCT2203 Contemporary Managerial Accounting

Choosing a second major

The flexible structure of an undergraduate course allows you the option of including a second major. You have the choice to either nominate your second major when you first enrol in the course or delay it until your second year. For a major to be recorded on your academic record it must be nominated before the requirements of the course are completed.

To fully understand the structure of an undergraduate course, read the course structure information and the Undergraduate Degree Course Rules.

The following example illustrates how Accounting can be included as a second major in an undergraduate degree course.

Example 1:
Example 2:

For more examples of combinations of majors, search the study plans .

Accounting can also be taken as a degree-specific major.