Accounting is the language of business. Organisations use accounting to demonstrate performance to external parties, and managers use accounting to understand the workings within an organisation. The ability to understand and interpret information is crucial, because numerous stakeholders and users need to know how organisations operate and perform.
Professional accountants are valued in every industry, especially as the accounting field becomes exceptionally sophisticated. Because accountants act as strategic advisers and business partners, they must understand business issues and processes and have the skills necessary for sound decision making.
Accounting studies will help you understand the financial structure of organisations and teach you to produce and analyse financial information. Accounting leads to a career path with countless possibilities – you can work in any role, in any sector, in countries around the world. Accountants work in every area of business and are in demand in many
Learn more about the Department of Accounting.
Coming out of Year 12, the flexibility in the degree was extremely attractive. Having the option to choose from the disciplines on offer allowed me to explore areas that I found intellectually stimulating and enjoyable. The academic staff and my peers are extraordinary – learning from and working alongside them really does differentiate you as a Melbourne graduate. The friends I have made, the skills I have gained and the opportunities I now enjoy have made my experience unbelievable.
Bachelor of Commerce (Honours) student, Graduated in 2011
Manager, Business & Private Strategy at National Australia Bank
To practise as a professional accountant in Australia, graduates are required to become a member of one of the three professional accounting bodies:
Membership requirements vary, but usually require students to have completed certain subjects in the Bachelor of Commerce. The University of Melbourne and the Department of Accounting do not recommend one professional body over another. Instead, we encourage you to explore your career options, research prospective employers and compare their preferences with the stated aims of the professional bodies. Full membership requirements may include relevant work experience and/or further study.
I have had an interest in accounting since high school. It was one of my favourite subjects, hence my choice to continue further studies in this field. The University of Melbourne was my first choice because of its reputation. The surroundings encourage me to study and I have no regrets about coming here – it is the best thing that has ever happened to me! My course is quite interesting, and there are many subjects offered which will assist me in my career.
Stephanie Leung Cheong
Bachelor of Commerce student. Graduated in 2013
Intermediate Accountant at Moore Stephens, Australia
This sample course plan names compulsory subjects in the BCom and all subjects required for accounting accreditation. In total, these comprise 17 of 24 subjects in the degree. If you intend to pursue Honours in Accounting, you will also need to do either Basic Econometrics or Econometrics in your final year.
|Year 1||Semester 1||Introductory Microeconomics||Quantitative Methods 1||Accounting Reports and Analysis||Principles of Business Law2|
|Semester 2||Introductory Macroeconomics||Principles of Finance||Introductory Financial Accounting||Breadth or Commerce Elective|
|Year 2||Semester 1||Organisational Behaviour||Quantitative Methods 2||Cost Management|
|Semester 2||Accounting Information: Risks and Controls||Intermediate Financial Accounting||Breadth or Commerce Elective||Breadth|
|Year 3||Semester 1||Financial Accounting Theory||Enterprise Performance Management||Commerce Elective||Commerce Elective|
|Semester 2||Auditing and Assurance Services||Commerce Elective||Commerce Elective||Taxation Law 12|
|Commerce Electives||Breadth or Commerce Electives|
1This is a sample course plan only. Subjects offered may change from year to year. You will be advised of current subject offerings prior to subject selection and enrolment.
2These subjects are required for accounting accreditation.