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.
- VTAC Code
- UAC Code
- CRICOS Course Code
- 067439D (VIC)
- 072668D (NSW)
Duration: 3 years [6 Trimesters]
Intake: March, July, November
The Bachelor of Business major in Accounting aims to provide graduates who will:
- Demonstrate a broad and coherent knowledge of the accountancy discipline in the global context;
- Possess an up-to-date body of specialist accounting knowledge both theoretical and technical;
- Be able to apply International Accounting Standards, Australian Accounting Standards and Conceptual Framework and have the ability to remain up-to-date with changes in regulations and reporting requirements;
- Be able to analyse and evaluate the financial position and performance of an organisation through the examination of financial and non-financial data;
- Be able to evaluate the financial position of an organisation through the examination of financial accounts or financial statements and non-financial data
- Possess the technical and theoretical knowledge, competency and skills required to become a member of the Australian accounting professional bodies, CPA Australia (CPAA), Chartered Accountants Australia and New Zealand (CAANZ) and Institute of Public Accountants (IPA)
- Be able to work effectively in a team environment and communicate knowledge, skills and ideas to others in different contexts: organisational, industry and globally;
- Be able to apply knowledge and skills to demonstrate autonomy, well-developed judgement and responsibility;
- Be ethically aware and possess appropriate professional skills for a career in accountancy;
- Exhibit the MIT Graduate attributes
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.
- BB101 Business Communications
- BB103 Management Principles
- BB104 Introductory Accounting
- BB105 Marketing Principles
- BN105 Information Technology for Users in Organisations
- BB106 Economic Principles
- BB107 Commercial Law
- BB108 Business Statistics
- BA204 Financial Accounting (Pre-requisite(s) BB104 Introductory Accounting)
- BA205 Accounting Systems and Applications (Pre-requisite(s) BB104 Introductory Accounting)
- BB210 Introductory Management Accounting (Pre-requisite(s) BB104 Introductory Accounting)
- Elective 1
- BA214 Corporate Accounting (Pre-requisite(s) BA204 Financial Accounting)
- BA217 Company Law (Pre-requisite(s) BB107 Commercial Law)
- BA230 Advanced Management Accounting (Pre-requisite(s) BB210 Introductory Management Accounting)
- Elective 2
- BA301 Introduction to Finance (Pre-requisite(s) BB108 Business Statistics)
- BA302 Accounting Theory (Pre-requisite(s) BA214 Corporate Accounting)
- BB313 Critical Thinking and Decision Making
- Elective 3
- BA313 Auditing (Pre-requisite(s) BA214 Corporate Accounting)
- BA317 Taxation Law (Pre-requisite(s) BB107 Commercial Law)
BB320 Integrated Strategy Capstone (Pre-requisite(s) BB103 Management Principles, BB104 Introductory Accounting, BB105 Marketing Principles, BN105 Information Technology for Users in Organisations, &
BB313 Critical Thinking and Decision Making)
- Elective 4
AQF Level 7
|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]|
Skills: 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.
- BB208 Business Ethics and Sustainability (Pre-requisite(s) BB103 Management Principles)
- BB212 Human Resource Development (Pre-requisite(s) BB103 Management Principles)
- BB311 Applied Business Project (Pre-requisite(s) Must have completed a minimum of 12 units)
- BK203 Business to Business Marketing (Pre-requisite(s) BB105 Marketing Principles)
- BK213 Services Marketing (Pre-requisite(s) BB105 Marketing Principles)
- BK214 Integrated Marketing Communications (Pre-requisite(s) BK202 Consumer Behaviour)
- BK216 Digital Marketing (Pre-requisite(s) BB105 Marketing Principles & BN105 Information Technology for Users in Organisations)
- BK301 Brand Strategy (Pre-requisite(s) BB105 Marketing Principles)
- BM202 Organisational Behaviour (Pre-requisite(s) BB103 Management Principles)
- BM203 Project Management (Pre-requisite(s) BB103 Management Principles & BN105 Information Technology for Users in Organisations)
- BM214 International Business Management (Pre-requisite(s) BB103 Management Principles)
- BM301 Startup Entrepreneurship (BB103 Management Principles & BB104 Introductory Accounting & BB105 Marketing Principles & Must have completed a minimum of 16 units)
- BM312 Entrepreneurship (Pre-requisite(s) BB103 Management Principles)
What is Accounting?
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.
What do Accountants do?
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.
What do I study?
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 projects 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)
What are the career opportunities?
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.
Professional accreditation and memberships
The Bachelor of Business (Accounting major) and Master of Professional Accounting courses are accredited by CPA Australia (see http://www.cpaaustralia.com.au), ICAA – Institute of Chartered Accountants in Australia (see http://www.charteredaccountants.com.au), and IPA - Institute of Public Accountants (see http://www.publicaccountants.org.au/). Upon successful completion of these courses 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 ICAA.
Minimum requirements: Successful completion of Year 12 or equivalent
English Language Requirements - International Students
|English language Proficiency tests||Results Required|
|TOEFL (Test of English as a Foreign Language)||
Mature age entry
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
Even though MIT endeavours to provide correct information, this information may change throughout the year. You are strongly advised to verify the accuracy of this information with the relevant schools before making a decision.