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) demonstrate an understanding of 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.

Broadening guidelines

All students studying towards a Bachelor's Degree at UWA are required to Broaden their studies by completing a minimum of four units (24 points) of study outside their degree specific major. Broadening is your opportunity to explore other areas of interest, investigate new disciplines and knowledge paradigms and to shape your degree to suit your own aspirations and interests. Many of you will be able to undertake more than this minimum amount of broadening study and we encourage you to do so if this suits your aspirations. Over the next few months you will find here some broadening suggestions related to your degree-specific major. While we know that many students value guidance of this sort, these are only suggestions and students should not lose sight of the opportunity to explore that is afforded by your Broadening Choices. Advice can also be sought from your Allocated Student Advising Office.

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

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 2021

Note: Units that are indicated as N/A may be available in 2022 or 2023.

Students seeking professional accreditation should complete all of the following units: ACCT1101 Financial Accounting FINA1221 Introduction to Finance ECON1101 Microeconomics: Prices and Markets ECON1102 Macroeconomics: Money and Finance STAT1520 Economics and Business Statistics LAWS1104 Introduction to Law (required as the pre-requisite for LAWS2301) LAWS2301 Company Law ACCT2112 Management Accounting ACCT2201 Corporate Accounting ACCT2331 Taxation ACCT3322 Auditing ACCT3302 Financial Statement Analysis ACCT3321 Financial Accounting: Theory and Practice Bachelor of Commerce students completing a second major in Engineering Science are not required to complete STAT1520 to complete the BCom (as MATH1011 and MATH1022 meet this requirement), however all students who intend to pursue professional accounting accreditation need to take STAT1520. In addition, students should substitute CITS2401 Computer Analysis and Visualisation as the Level 2 option to meet the requirements of the commerce major.

Level 1

Degree-specific major units
Take all units (12 points):
Availability Unit code Unit name unit requirements
S1, S2 ACCT1101 Financial Accounting
Incompatibility:
ACCT5432 Introductory Financial Accounting
S1, S2 FINA1221 Introduction to Finance
Incompatibility:
FINA2221 Introduction to Finance

Level 2

Degree-specific major units
Take all units (12 points):
Availability Unit code Unit name unit requirements
S1, S2 ACCT2112 Management Accounting
Prerequisites:
ACCT1101 Financial Accounting
Incompatibility:
ACCT1112 Management Accounting
S1, S2 ACCT2201 Corporate Accounting
Prerequisites:
ACCT1101 Financial Accounting
Degree-specific major units
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 requirements
S1 ACCT2331 Taxation
Prerequisites:
ACCT1101 Financial Accounting

Level 3

Degree-specific major units
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 requirements
S2 ACCT3203 Contemporary Managerial Accounting
Prerequisites:
ACCT1112 Management Accounting
or
ACCT2112 Management Accounting
Incompatibility:
ACCT2203 Contemporary Managerial Accounting
N/A ACCT3206 Performance Measurement and Evaluation
Prerequisites:
ACCT1112 Management Accounting
or
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

Specialised degrees – Bachelor of Advanced Computer Science (Honours), Bachelor of Automation and Robotics, Bachelor of Environmental Design, Bachelor of Music

You must satisfy the requirements of the degree-specific major in your degree before you complete your course.

Bachelor of Philosophy, Politics and Economics

This comprehensive degree does not require you to choose a degree-specific major.

General degrees

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
Example 2:
Course Study Plan: CSP002-ACCTG-2

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 Biomedical Science, Bachelor of Commerce, Bachelor of Design Only available to re-enrolling students. and Bachelor of Science courses, 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:
Course Study Plan: CSP002-ACCTG-Generic-1
Example 2:
Course Study Plan: CSP002-ACCTG-Generic-2

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