Major Overview

Description

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.

Courses

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

No study plans found for this major. See study plans for more information.

Units

Key to availability of units:
S1 = Semester 1; S2 = Semester 2; N/A = not available in 2022

Note:Units that are indicated as N/A may be available in 2023 or 2024.

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
Prerequisites:
Nil.
Co-requisites:
Nil.
Incompatibility:
ACCT5432 Introductory Financial Accounting
S1, S2 FINA1221 Introduction to Finance
Prerequisites:
Nil
Co-requisites:
Nil
Incompatibility:
Nil

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
Co-requisites:
Nil.
Incompatibility:
ACCT1112 Management Accounting
S1, S2 ACCT2201 Corporate Accounting
Prerequisites:
ACCT1101 Financial Accounting
Co-requisites:
Nil.
Incompatibility:
Nil.
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
Co-requisites:
Nil.
Incompatibility:
Nil.

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
Co-requisites:
Nil.
Incompatibility:
ACCT2203 Contemporary Managerial Accounting
N/A ACCT3206 Performance Measurement and Evaluation
Prerequisites:
ACCT1112 Management Accounting
or
ACCT2112 Management Accounting
Co-requisites:
Nil.
Incompatibility:
ACCT2206 Performance Measurement and Evaluation
S2 ACCT3302 Financial Statement Analysis
Prerequisites:
ACCT2201 Corporate Accounting
Co-requisites:
Nil.
Incompatibility:
FINA2207 Business Analysis and Valuation
S1 ACCT3321 Financial Accounting: Theory and Practice
Prerequisites:
ACCT2201 Corporate Accounting
Co-requisites:
Nil.
Incompatibility:
Nil.
S2 ACCT3322 Auditing
Prerequisites:
ACCT2201 Corporate Accounting
Co-requisites:
Nil.
Incompatibility:
Nil.
S1 ACCT3323 Strategic Management Accounting
Prerequisites:
ACCT2112 Management Accounting;
for pre-2012 courses: ACCT2203 Contemporary Managerial Accounting
Co-requisites:
Nil.
Incompatibility:
Nil.