The MIT Bachelor of Business, major in Accounting, provides worldwide career portability due to the rigor and contemporary nature of the course which is valued internationally. This is particularly important as uniform accounting standards are now being adopted globally. The MIT Bachelor of Business major in Accounting is accredited by industry peak bodies such as: CPA Australia (CPAA) and Chartered Accountants Australia and New Zealand (CA ANZ) and the Institute of Public Accountants (IPA) which provides graduates with an opportunity to apply their skills around the world.
The Bachelor of Business, major in Accounting, provides a detailed study of the accounting discipline which includes various theories and models of accounting, the roles and traditions of accounting, internal and external financial reporting, management and financial accounting, auditing, taxation, regulatory compliance, international accounting standards and an awareness of ethical issues.
|CRICOS Course Code||
|Duration||3 Years (6 Trimesters) Full-Time or Equivalent Part-Time|
|Intake||March, July, November|
|Study mode||On Campus|
Average Weekly Pay*
* Based on Accountants job outlook published at joboutlook.gov.au
The Bachelor of Business major in Accounting aims to provide graduates who will:
The Bachelor of Business major in Accounting course comprises: common core units, a major strem of accounting and elective units. In order to graduate from the degree students must complete 360 credit points overall. Each unit is worth 15 credit points.
|Summary:||Graduates at this level will have broad knowledge and skills for professional work and/or further learning.|
|Knowledge:||Graduates at this level will have broad and coherent theoretical and technical knowledge with depth in one or more disciplines or areas of practice [K1]|
Graduates at this level will have well-developed cognitive, technical and communication skills to select and apply methods and technologies to:
|Application of knowledge and skills:||
Graduates at this level will apply knowledge and skills to demonstrate autonomy, judgement and defined responsibility: Graduates at this level will apply knowledge and skills to demonstrate autonomy, well-developed judgement and responsibility:
Students are to select from the list of Business Electives. Students must complete the pre-requisite/s (if any) prior to undertaking a unit.
Any Bachelor of Business unit from another specialisation stream may be taken as an elective, subject to meeting pre- and co-requisites. The following units are recommended, however, not all electives may be available in all semesters.
Accounting is the “language of business”; a system that collects, measures, and communicates all relevant financial information that an entity or a business requires for managing, reporting, resource allocation, and decision making purposes. Accounting is how business records, verifies, and reports values of assets, liabilities, income and expenses.
Being an Accountant is much more than just crunching numbers. Accountants are strategic business advisers and valued member of management teams, and increasingly progress to senior management or board positions. Besides recording business transactions, bookkeeping and preparing financial statements, accountants also: provide advice on interpretation and application of financial data, participate with senior management in strategies for mergers, acquisitions and future direction of the organisation, compute cost and efficiency gains from new technologies, analyse the growth opportunities for new products, develop management information system to facilitate organisational control, decision making and reporting on organisational financial performance.
The Accounting major, which can be undertaken as part of the Bachelor of Business, will prepare you for one of the most sought after business professions. Accounting major units focus on financial and management accounting, specialised accounting applications, audit and assurance, and corporate and taxation law.
The final year capstone industry based project will be based on a real application in industry or in an organisation. This project will allow you to bring together and strengthen the knowledge and skills you have gained during the program.
Bachelor of Business (Majors in: Accounting, Marketing, and Management)
As a graduate of the Bachelor of Business Accounting major, students may find employment in areas of corporate accounting, financial accounting/reporting, managerial accounting, auditing and assurance, taxation, and investments, within all areas of commerce, industry, and government.
Career roles and options include: Graduate Accountant, Certified Practicing Accountant on completion of the CPA program, Chartered Accountant on completion of the CA program, Credit Controller, Credit Analyst, Auditor, Financial Analyst or Consultant, Financial Planner on completion of further financial planning qualifications, Finance Manager, Investment Analyst/Consultant, Investment Manager, Business Analyst/Consultant, Corporate Secretary, Taxation Consultant, Taxation Agent on completion of Tax Agent qualification, Systems Accountant and Forensic Accountant.
The Bachelor of Business (Accounting major) and Master of Professional Accounting courses are accredited by CPA Australia (CPAA) (see www.cpacareers.com.au), Chartered Accountants Australia and New Zealand (CA ANZ)(see www.charteredaccountants.com.au), and IPA - Institute of Public Accountants (see www.publicaccountants.org.au). Upon successful completion of the course graduates will be eligible to apply for associate membership of both CPAA and IPA; and entry to both the CPA Program of CPAA and the CA Program of CA ANZ.
|Minimum requirements:||Successful completion of Year 12 or equivalent|
|English language Proficiency tests||Results Required|
|IELTS (Academic)||Overall score 6.0 (no band less than 5.5) or equivalent|
Mature-age applicants without formal qualifications and have been out of school for more than 2 years may be admitted if they are able to demonstrate a range of attributes such as personal motivation, maturity and work experience or previous study. This is assessed on a case by case basis. Applicants may be required to provide a personal statement outlining their interest, motivation and reasons for selecting the course including details of educational and any employment background
For further information, see the links below:
Find out more about MIT's Admission Criteria and application information here.
You must apply through VTAC if you are a current Year 12 student (Australian Year 12, the IB in Australia or New Zealand) Intending to apply to multiple institutions.Apply Through VTAC
You can apply directly to MIT if you are: A non-current Year 12 student or Intending to apply only to MIT, Applying for November intake, A Post Graduate student, or Too late to apply through VTACApply Direct Now
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