It’s time to smash some myths. Accountants are not number crunchers who hide behind spreadsheets. The truth is accountants are multi-skilled strategic business advisors who work across organisations.
A Bachelor of Business (Major in Accounting) will give you a broad understanding of business and how accountancy fits into the larger picture.
It’ll equip you with the skills you need to work in a broad range of financial roles, anywhere in the world. It’s the perfect introduction to entrepreneurship.
DURATION
3 years (6 trimesters) full-time or equivalent part-timeINTAKES
March, July, NovemberVTAC CODE
9470194732 (DFP), 9470194733 (IFP)UAC CODE
570110LOCATION
Melbourne, SydneyAQF LEVEL
Level 7| DURATION 3 years (6 trimesters) full-time or equivalent part-time | |
| INTAKES March, July, November | |
| VTAC CODE 9470194732 (DFP), 9470194733 (IFP) | |
| UAC CODE 570110 | |
| LOCATION Melbourne, Sydney | |
| AQF LEVEL Level 7 |
GAIN FINANCIAL SKILLS SO YOU CAN LEAD
Learn to think differently. Stretch your mind and gain new skills.
Study a Bachelor of Business at MIT’s Sydney or Melbourne Campus next semester.
After one year of broad business education, students are given the option to select a major to study; Accounting, Management, Marketing or Digital Marketing. When you specialise in Accounting, you’ll learn how to use financial skills to lead high performing businesses.
THIS COURSE INCLUDES:
PRACTICAL EXPERIENCE
We put theory into action at every stage. This keeps things exciting and prepares you for the workplace.
DESIGN YOUR LEARNING
Choose electives from marketing, accounting, or entrepreneurship to create your dream career path.
SKILLS FOR TOMORROW
Get ready to lead in the rapidly changing world of business with the skills to adapt and respond quickly.
READY TO LEAD
Graduate with the analytical skills and knowledge to build processes that drive change in business.
PROBLEM SOLVING
Analyse, predict and respond to challenges with innovation and insight.
GLOBAL KNOWLEDGE
Be prepared for the challenges of working in an increasingly connected and global economy.
CAREER PATHS
A Bachelor of Business (Accounting) is a ticket to the industry of your choice. Graduates find employment in corporate accounting, financial accounting/reporting, managerial accounting, auditing and assurance, taxation, investments and across all areas of commerce, industry, and government.
Our graduates have found jobs at leading businesses including KPMG, NAB Banks and Commonwealth Banks. When you study accounting, you open up a range of opportunities at the heart of business.
Career roles include:
- Graduate Accountant
- Credit Controller
- Credit Analyst
- Auditor
- Financial Analyst or Consultant
- Finance Manager
- Investment Analyst/Consultant
- Investment Manager
- Business Analyst/Consultant
- Corporate Secretary
- Taxation Consultant
- Systems Accountant
- Forensic Accountant
STUDY ACCOUNTING AT MIT
The MIT Bachelor of Business prepares graduates for entry-level positions in accounting, management, marketing and digital marketing. In the first year students are introduced to core business knowledge with core units. After experiencing the different areas of business, students then specialise in the second and third year. This allows you to make a more informed choice.
Within an accounting major, you’ll be introduced to data analytics, cloud-based digital technologies, forensic accounting as well as various theories and models of accounting.
PROFESSIONAL RECOGNITION AND ACCREDITATION
The Bachelor of Business (Accounting) and Master of Professional Accounting courses are accredited by CPA Australia (CPAA) and Chartered Accountants Australia and New Zealand (CA ANZ).
After successfully completing the course, graduates will be eligible to apply for associate membership of CPAA and entry to the CPA Program of CPAA and CA ANZ.
MIT’s courses are accredited by the Tertiary Education Quality and Standards Agency (TEQSA). TEQSA is Australia’s independent national quality assurance and regulatory agency for higher education in Australia.
COURSE STRUCTURE
The Bachelor of Business (Accounting) course comprises 10 common core units, a major stream of accounting (10 units), and 4 elective units. To graduate from the degree, students must complete 360 credit points overall. Each unit is worth 15 credit points, and full-time students undertake four units per trimester.
All students complete general business education in their first year before choosing a specialism.
As you progress through your course, your knowledge will become more focussed on your chosen major field. This is put into action in your final year industry-based project.
A typical course outline:
Four units per trimester is a full time load. All units are the same weight.
COURSE UNITS
Bachelor of Business - Accounting
Common Core Units
- AIM100 Academic Integrity Module
- BB101 Business Communications
- BB103 Management Principles
- BB104 Introductory Accounting
- BB105 Marketing Principles
- BB313 Critical Thinking and Decision Making
Major Stream - Accounting
- BN110 Information Technology for Users in Organisations (CPA accredited unit)
- BB106 Economic Principles (CPA accredited unit)
- BB107 Commercial Law (CPA accredited unit)
- BB108 Business Statistics (CPA accredited unit)
- BB330 Industry Based Capstone Project
- BA204 BA204 Financial Accounting (CPA accredited unit) ((s) BB104 Introductory Accounting)
- BA206 Accounting Information Systems and Cloud Technologies (CPA accredited unit)* ((s) BB104 Introductory Accounting)
- BA217 Company Law (CPA accredited unit) ((s) BB107 Commercial Law)
- BA214 Corporate Accounting (CPA accredited unit) ((s) BA204 Financial Accounting)
- BA215 Taxation Law (CPA accredited unit) ((s) BB107 Commercial Law)
- BA216 Management Accounting for Planning and Control (CPA accredited unit)
- BA301 Introduction to Finance (CPA accredited unit) (Prerequisite(s) BB108 Business Statistics)
- BA302 Accounting Theory (CPA accredited unit) (Prerequisite(s) BA214 Corporate Accounting)
- BA303 Forensic Accounting and Fraud Detection [Co-requisite: BA302]
- BA313 Auditing (CPA accredited unit) (Prerequisite(s) BA214 Corporate Accounting)
Electives
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.
- BA218 Data Analytics and Business Intelligence [Prerequisite: BN110]
- BA219 Electronic Commerce and Enterprise Systems [Prerequisite: BN110]
- BB208 Business Ethics and Sustainability [Prerequisite: BB103]
- BB212 Human Resource Development [Prerequisite: BB103]
- BB329 Integrated Strategy [Prerequisites: BB103, BB104, BB105 & BN110]
- BK203 Business to Business Marketing [Prerequisite: BB105]
- BK208 Digital Marketing Foundations [s: BB105 & BN110]
- BK213 Services Marketing [Prerequisite: BB105]
- BK301 Brand Strategy [Prerequisite: BB105]
- BM202 Organisational Behaviour [Prerequisite: BB103]
- BM203 Project Management [Prerequisites: BB103 & BN110]
- BM214 International Business Management [Prerequisite: BB103]
- BM301 Startup Entrepreneurship [Prerequisites: BB105, BB103, BB104 & must have successfully completed a minimum of 16 units]
- BM311 Entrepreneurship in a Digital Age [Prerequisite : BB103]
Please note:
- BA206 Accounting Information Systems and Cloud Technology utilises cloud-based accounting software. When studying this unit, the student will incur a fee (currently $33) for access to the cloud-based accounting software. The student is responsible for payment of the fee.
- The third year Industry Project is mandatory. During the project, a personal development session will be offered to help you source and execute the project.
- If a third party is required to find a project, you will incur a fee. An indicative fee is $350 plus GST.
- The program is available for each intake; however, some units of study are subject to quotas and minimum enrolment requirements.
- Not all units of study are available every trimester, and changes in program structure occur from time to time.
- Program structures and units are subject to change through the process of regular course revision. There is no guarantee that every unit will be offered in any particular trimester.
COURSE LEARNING OUTCOMES
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;
- 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
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:
- Analyse and evaluate information to complete a range of activities [S1]
- Analyse, generate and transmit solutions to unpredictable and sometimes complex problems [S2]
- Transmit knowledge, skills and ideas to others [S3]
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:
- In contexts that require self-directed work and learning [A1]
- Within broad parameters to provide specialist advice and functions [A2]
ENTRY REQUIREMENTS
Applicants must meet the academic entry requirements including prerequisites for their chosen course, and;
Applicants must meet the minimum English language requirement for their chosen course, and;
Domestic Applicants must be 17 years of age as at the commencement date of their chosen course or unit.
Admission criteria for applicants with recent secondary education
Applicants with recent secondary education are those who completed Year 12 within the last two years. You’ll need to satisfy the following requirements:
- Successful completion of your Victorian Certificate of Education (VCE), HSC (Higher Secondary Certificate) or the equivalent in your state or territory, or
- Successful completion of the International Baccalaureate.
Prerequisites for students from Victoria:
Units 3 and 4: a study score of at least 20 in any English in VCE or equivalent;
Prerequisites for students from New South Wales:
Band 2 or higher in any English in HSC;
Admission Criteria for Non-year 12 Applicants
Non-year 12 Prerequisite
Compulsory: As for Year 12 or equivalent.
Applicants with higher education study
Applicants are eligible for admission if they’ve completed full-time equivalent higher education study (the number of units or courses will vary depending on your previous institution; however, this is equivalent to 4 units at MIT).
If you don't meet this requirement, we'll assess your admission on the basis of your previous academic history, which may include your higher education study results, Year 12 or equivalent study scores, and your personal statement.
Applicants with vocational education and training (VET) study
You must have completed an AQF Certificate IV or above from a Registered Training Organisation (RTO). You must also meet any pre-requisites prescribed for the course.
Applications with Work and Life Experience
1. Requirements for applicants who did not complete Year 12:
Applicants under this category will be assessed on a case-by-case basis on one or more of the following
- Substantial relevant work experience that demonstrates that you’ve satisfied the entry requirements for the course, or
- Completion of any relevant non-formal courses, and
- A personal statement outlining your motivation to study the course and details of personal circumstances, including your life and work experience. You should provide any aspect of your personal history that may support your application, including community service, work experience, and achievements.
2. Requirements for applicants who completed Year 12 more than two years ago:
Applicants who completed their Year 12 studies more than two years ago but have not completed any VET or higher education studies are assessed according to their Year 12 results.
Applicants with Bridging and enabling course
You're eligible to apply if you've completed a Foundation Studies or Tertiary Preparatory program at a university, TAFE or Registered Training Organisation (RTO).
Additional Information
Aboriginal and Torres Strait Islander people
Aboriginal and Torres Strait Islander applicants are assessed in the same way as applicants under the above categories.
Domestic applicants with overseas qualifications
Applicants with overseas qualifications need to establish whether their qualifications are equivalent to Australian qualifications. VTAC will advise MIT of the level of course in terms of the Australian Qualifications Framework according to NOOSR (the National Office for Overseas Skills Recognition) guidelines.
The Admissions Officer at MIT will then assess whether the qualification is suitable for entry into that course according to the course entry requirements.
English Language Requirements
Applicants with overseas qualifications must satisfy English language requirements in addition to meeting the academic requirements for the course.
Applicants with the following qualifications/English Language Tests may satisfy English requirements.
First Language English
If you completed Senior Secondary or Tertiary studies from a country where English is the first language.
Independent English Language Test Score
You need to achieve the minimum scores, as shown below.
IELTS Academic
Overall score 6.0
(no band less than 5.5)
TOFEL ibt
Overall score 60-78 with minimum scores: Reading 12, Listening 11, Speaking 17, Writing 20
PTE Academic
Overall score 50 with (no score less than 46)
Cambridge CAE
CAE score of 169 ( no band less than 162)
Pathways
TAFE/VET Diploma and Advanced Diploma graduates may be eligible to apply for Credit Transfer. You can get up to one year credit transfer for a relevant Diploma and up to 1.5 years for a relevant Advanced Diploma.
Credit Transfer
Credit transfer provides students with credit for learning already achieved. Applicants are assessed on a case-by-case basis. Learn more about credit transfer.
Applications for credit transfer must be made before or during orientation and enrolment week.
Recognition of Prior LearningRecognition of prior learning (RPL) allows students to gain credit towards their course based on their prior learning (including formal, informal and non‐formal learning). Applicants are assessed on a case-by-case basis. Learn more about credit transfer.
Applications for Recognition of Prior Learning must be made before or during orientation and enrolment week.
For further information, see the links below:
BACHELOR OF BUSINESS STUDENT PROFILE
The table below gives an indication of the peer cohort for new students at Melbourne Institute of Technology. It provides data on students who commenced Bachelor of Business in the academic year 2020. This includes those admitted through all offer rounds, across both Melbourne and Sydney Campus, and international students studying Bachelor of Business at Melbourne Institute of Technology.
| Applicant background | Full year intake [2022] | |
| Number of students | Percentage of all students | |
| (A) Past higher education study (includes a bridging or enabling course) |
15 | 4.93% |
| (B) Past vocational education and training (VET) study | L/N | L/N |
(C) Recent secondary education
|
- | - |
|
- | - |
|
288 | 94.74% |
| (D) Work and life experience (Admitted on the basis of previous achievement other than the above) | L/N | L/N |
| International Students | 278 | 91.45% |
| All Students | 304 | 100.0% |
Applicant background - Full year intake [2022]
[Number of students | Percentage of all students]
(A) Past higher education study (includes a bridging or enabling course)
15
4.93%
(B) Past vocational education and training (VET) study
L/N
L/N
(C) Recent secondary education
Admitted solely on the basis of ATAR (regardless of whether this includes the impact of adjustment factors such as equity or subject bonus points)
-
-
Admitted where both ATAR and additional criteria were considered (e.g. portfolio, audition, extra test, early offer conditional on minimum ATAR)
-
-
Admitted on the basis of other criteria only and ATAR was not a factor (e.g. special consideration, audition alone, schools recommendation scheme with no minimum ATAR requirement)
288
94.74%
(D) Work and life experience (Admitted on the basis of previous achievement other than the above)
L/N
L/N
International Students
278
91.45%
All Students
304
100.0%
Notes:
- L/N - Low numbers: the number of students is less than 5.
- N/A - Data not available for this item.
- N/P - Data not published for this item.
Read our institute-wide student profile
FEE INFORMATION
Study now and pay later with FEE-HELP.Students studying at MIT may be eligible for FEE-HELP. FEE-HELP is a loan scheme that assists eligible fee-paying students to pay their tuition fees. An eligible person may borrow up to the FEE-HELP limit to pay tuition fees over their lifetime.
Read more about FEE-HELP or visit Study Assist.
Tuition FeesFor 2022-23 fee information visit the tuition fee page.
Financial Assistance
Youth and student allowances
For details on Youth Allowance, Austudy and ABSTUDY, visit Human Services.
FREQUENTLY ASKED QUESTIONS
What is Accounting?
Accounting is the language of business. It’s 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 crunching numbers. Accountants are strategic business advisers and valued members of management teams. They often progress to senior management or board positions.
As well as recording business transactions, bookkeeping and preparing financial statements, accountants also;
- provide advice on the interpretation and application of financial data
- participate with senior management in strategies for mergers, acquisitions and the future direction of the organisation
- compute cost and efficiency gains from new technologies
- analyse the growth opportunities for new products
- develop management information systems to facilitate organisational control and decision making
- report on organisational financial performance
What will I study for a Bachelor of Business (Major in Accounting)?
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.
What are courses similar to Business and Accounting?
- At MIT a Bachelor of Business is offered with four majors, Accounting, Marketing, Digital Marketing and Management
- Graduate Diploma of Accounting
- Master of Professional Accounting
HOW TO APPLY
Step 1: Check the course entry requirements.
- Make sure you meet the entry requirements for your chosen course.
Step 2: What to include with your application?
- Evidence of completion of your previous studies that is award certificates or transcript with completion confirmed.
- Proof of identity—for example, your passport or birth certificate or citizenship.
- Evidence of English language skills (if you completed studies from a non-English speaking country).
- Proof of your permanent residency or citizenship if you were born overseas.
Certifying your academic documents
You should provide certified copies of your academic and other essential documents at the time of application.
Step 3: Apply
Apply direct to MIT using our direct Application Portal. The following applicants should apply directly:
- Postgraduate applicants
- Non-current Year 12 applicants
Current Year 12 students (VIC)
If you are a Year 12 student from VIC, you should apply through VTAC. VTAC applications are made online through the VTAC website. To learn more about the application process, visit VTAC.
Apply via VTACCurrent Year 12 students (NSW)
If you are a Year 12 student from NSW, you should apply through UAC. UAC applications are made online through the UAC website. To learn more about the application process, visit the UAC website
Apply via UACWHAT TO DO AFTER YOU HAVE APPLIED
The application processing time for direct applications is five working days after receiving the application at MIT. It may take longer during peak periods.
If you applied through VTAC, offers are released at different times. For more information on VTAC offer rounds and important dates, please visit the VTAC page.
Depending on your application method, if your application is successful, you will receive:
- Offer through your VTAC account if you applied through VTAC
- Offer by email if you applied directly to MIT.
How to accept your offer
Deferment of offer
STUDY ACCOUNTING AT MIT
The MIT Bachelor of Business prepares graduates for entry-level positions in accounting, management, marketing and digital marketing. In the first year students are introduced to core business knowledge with core units. After experiencing the different areas of business, students then specialise in the second and third year. This allows you to make a more informed choice.
Within an accounting major, you’ll be introduced to data analytics, cloud-based digital technologies, forensic accounting as well as various theories and models of accounting.
PROFESSIONAL RECOGNITION AND ACCREDITATION
The Bachelor of Business (Accounting) and Master of Professional Accounting courses are accredited by CPA Australia (CPAA) and Chartered Accountants Australia and New Zealand (CA ANZ).
After successfully completing the course, graduates will be eligible to apply for associate membership of CPAA and entry to the CPA Program of CPAA and CA ANZ.
MIT’s courses are accredited by the Tertiary Education Quality and Standards Agency (TEQSA). TEQSA is Australia’s independent national quality assurance and regulatory agency for higher education in Australia.
COURSE STRUCTURE
The Bachelor of Business (Accounting) course comprises 10 common core units, a major stream of accounting (10 units), and 4 elective units. To graduate from the degree, students must complete 360 credit points overall. Each unit is worth 15 credit points, and full-time students undertake four units per trimester.
All students complete general business education in their first year before choosing a specialism.
As you progress through your course, your knowledge will become more focussed on your chosen major field. This is put into action in your final year industry-based project.
A typical course outline:
Four units per trimester is a full time load. All units are the same weight.
COURSE UNITS
Bachelor of Business - Accounting
Common Core Units
- AIM100 Academic Integrity Module
- BB101 Business Communications
- BB103 Management Principles
- BB104 Introductory Accounting
- BB105 Marketing Principles
- BB313 Critical Thinking and Decision Making
Major Stream - Accounting
- BN110 Information Technology for Users in Organisations (CPA accredited unit)
- BB106 Economic Principles (CPA accredited unit)
- BB107 Commercial Law (CPA accredited unit)
- BB108 Business Statistics (CPA accredited unit)
- BB330 Industry Based Capstone Project
- BA204 BA204 Financial Accounting (CPA accredited unit) ((s) BB104 Introductory Accounting)
- BA206 Accounting Information Systems and Cloud Technologies (CPA accredited unit)* ((s) BB104 Introductory Accounting)
- BA217 Company Law (CPA accredited unit) ((s) BB107 Commercial Law)
- BA214 Corporate Accounting (CPA accredited unit) ((s) BA204 Financial Accounting)
- BA215 Taxation Law (CPA accredited unit) ((s) BB107 Commercial Law)
- BA216 Management Accounting for Planning and Control (CPA accredited unit)
- BA301 Introduction to Finance (CPA accredited unit) (Prerequisite(s) BB108 Business Statistics)
- BA302 Accounting Theory (CPA accredited unit) (Prerequisite(s) BA214 Corporate Accounting)
- BA303 Forensic Accounting and Fraud Detection [Co-requisite: BA302]
- BA313 Auditing (CPA accredited unit) (Prerequisite(s) BA214 Corporate Accounting)
Electives
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.
- BA218 Data Analytics and Business Intelligence [Prerequisite: BN110]
- BA219 Electronic Commerce and Enterprise Systems [Prerequisite: BN110]
- BB208 Business Ethics and Sustainability [Prerequisite: BB103]
- BB212 Human Resource Development [Prerequisite: BB103]
- BB329 Integrated Strategy [Prerequisites: BB103, BB104, BB105 & BN110]
- BK203 Business to Business Marketing [Prerequisite: BB105]
- BK208 Digital Marketing Foundations [s: BB105 & BN110]
- BK213 Services Marketing [Prerequisite: BB105]
- BK301 Brand Strategy [Prerequisite: BB105]
- BM202 Organisational Behaviour [Prerequisite: BB103]
- BM203 Project Management [Prerequisites: BB103 & BN110]
- BM214 International Business Management [Prerequisite: BB103]
- BM301 Startup Entrepreneurship [Prerequisites: BB105, BB103, BB104 & must have successfully completed a minimum of 16 units]
- BM311 Entrepreneurship in a Digital Age [Prerequisite : BB103]
Please note:
- BA206 Accounting Information Systems and Cloud Technology utilises cloud-based accounting software. When studying this unit, the student will incur a fee (currently $33) for access to the cloud-based accounting software. The student is responsible for payment of the fee.
- The third year Industry Project is mandatory. During the project, a personal development session will be offered to help you source and execute the project.
- If a third party is required to find a project, you will incur a fee. An indicative fee is $350 plus GST.
- The program is available for each intake; however, some units of study are subject to quotas and minimum enrolment requirements.
- Not all units of study are available every trimester, and changes in program structure occur from time to time.
- Program structures and units are subject to change through the process of regular course revision. There is no guarantee that every unit will be offered in any particular trimester.
COURSE LEARNING OUTCOMES
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;
- 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
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:
- Analyse and evaluate information to complete a range of activities [S1]
- Analyse, generate and transmit solutions to unpredictable and sometimes complex problems [S2]
- Transmit knowledge, skills and ideas to others [S3]
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:
- In contexts that require self-directed work and learning [A1]
- Within broad parameters to provide specialist advice and functions [A2]
ENTRY REQUIREMENTS
Applicants must meet the academic entry requirements including prerequisites for their chosen course, and;
Applicants must meet the minimum English language requirement for their chosen course, and;
Domestic Applicants must be 17 years of age as at the commencement date of their chosen course or unit.
Admission criteria for applicants with recent secondary education
Applicants with recent secondary education are those who completed Year 12 within the last two years. You’ll need to satisfy the following requirements:
- Successful completion of your Victorian Certificate of Education (VCE), HSC (Higher Secondary Certificate) or the equivalent in your state or territory, or
- Successful completion of the International Baccalaureate.
Prerequisites for students from Victoria:
Units 3 and 4: a study score of at least 20 in any English in VCE or equivalent;
Prerequisites for students from New South Wales:
Band 2 or higher in any English in HSC;
Admission Criteria for Non-year 12 Applicants
Non-year 12 Prerequisite
Compulsory: As for Year 12 or equivalent.
Applicants with higher education study
Applicants are eligible for admission if they’ve completed full-time equivalent higher education study (the number of units or courses will vary depending on your previous institution; however, this is equivalent to 4 units at MIT).
If you don't meet this requirement, we'll assess your admission on the basis of your previous academic history, which may include your higher education study results, Year 12 or equivalent study scores, and your personal statement.
Applicants with vocational education and training (VET) study
You must have completed an AQF Certificate IV or above from a Registered Training Organisation (RTO). You must also meet any pre-requisites prescribed for the course.
Applications with Work and Life Experience
1. Requirements for applicants who did not complete Year 12:
Applicants under this category will be assessed on a case-by-case basis on one or more of the following
- Substantial relevant work experience that demonstrates that you’ve satisfied the entry requirements for the course, or
- Completion of any relevant non-formal courses, and
- A personal statement outlining your motivation to study the course and details of personal circumstances, including your life and work experience. You should provide any aspect of your personal history that may support your application, including community service, work experience, and achievements.
2. Requirements for applicants who completed Year 12 more than two years ago:
Applicants who completed their Year 12 studies more than two years ago but have not completed any VET or higher education studies are assessed according to their Year 12 results.
Applicants with Bridging and enabling course
You're eligible to apply if you've completed a Foundation Studies or Tertiary Preparatory program at a university, TAFE or Registered Training Organisation (RTO).
Additional Information
Aboriginal and Torres Strait Islander people
Aboriginal and Torres Strait Islander applicants are assessed in the same way as applicants under the above categories.
Domestic applicants with overseas qualifications
Applicants with overseas qualifications need to establish whether their qualifications are equivalent to Australian qualifications. VTAC will advise MIT of the level of course in terms of the Australian Qualifications Framework according to NOOSR (the National Office for Overseas Skills Recognition) guidelines.
The Admissions Officer at MIT will then assess whether the qualification is suitable for entry into that course according to the course entry requirements.
English Language Requirements
Applicants with overseas qualifications must satisfy English language requirements in addition to meeting the academic requirements for the course.
Applicants with the following qualifications/English Language Tests may satisfy English requirements.
First Language English
If you completed Senior Secondary or Tertiary studies from a country where English is the first language.
Independent English Language Test Score
You need to achieve the minimum scores, as shown below.
IELTS Academic
Overall score 6.0
(no band less than 5.5)
TOFEL ibt
Overall score 60-78 with minimum scores: Reading 12, Listening 11, Speaking 17, Writing 20
PTE Academic
Overall score 50 with (no score less than 46)
Cambridge CAE
CAE score of 169 ( no band less than 162)
Pathways
TAFE/VET Diploma and Advanced Diploma graduates may be eligible to apply for Credit Transfer. You can get up to one year credit transfer for a relevant Diploma and up to 1.5 years for a relevant Advanced Diploma.
Credit Transfer
Credit transfer provides students with credit for learning already achieved. Applicants are assessed on a case-by-case basis. Learn more about credit transfer.
Applications for credit transfer must be made before or during orientation and enrolment week.
Recognition of Prior LearningRecognition of prior learning (RPL) allows students to gain credit towards their course based on their prior learning (including formal, informal and non‐formal learning). Applicants are assessed on a case-by-case basis. Learn more about credit transfer.
Applications for Recognition of Prior Learning must be made before or during orientation and enrolment week.
For further information, see the links below:
BACHELOR OF BUSINESS STUDENT PROFILE
The table below gives an indication of the peer cohort for new students at Melbourne Institute of Technology. It provides data on students who commenced Bachelor of Business in the academic year 2020. This includes those admitted through all offer rounds, across both Melbourne and Sydney Campus, and international students studying Bachelor of Business at Melbourne Institute of Technology.
| Applicant background | Full year intake [2022] | |
| Number of students | Percentage of all students | |
| (A) Past higher education study (includes a bridging or enabling course) |
15 | 4.93% |
| (B) Past vocational education and training (VET) study | L/N | L/N |
(C) Recent secondary education
|
- | - |
|
- | - |
|
288 | 94.74% |
| (D) Work and life experience (Admitted on the basis of previous achievement other than the above) | L/N | L/N |
| International Students | 278 | 91.45% |
| All Students | 304 | 100.0% |
Applicant background - Full year intake [2022]
[Number of students | Percentage of all students]
(A) Past higher education study (includes a bridging or enabling course)
15
4.93%
(B) Past vocational education and training (VET) study
L/N
L/N
(C) Recent secondary education
Admitted solely on the basis of ATAR (regardless of whether this includes the impact of adjustment factors such as equity or subject bonus points)
-
-
Admitted where both ATAR and additional criteria were considered (e.g. portfolio, audition, extra test, early offer conditional on minimum ATAR)
-
-
Admitted on the basis of other criteria only and ATAR was not a factor (e.g. special consideration, audition alone, schools recommendation scheme with no minimum ATAR requirement)
288
94.74%
(D) Work and life experience (Admitted on the basis of previous achievement other than the above)
L/N
L/N
International Students
278
91.45%
All Students
304
100.0%
Notes:
- L/N - Low numbers: the number of students is less than 5.
- N/A - Data not available for this item.
- N/P - Data not published for this item.
Read our institute-wide student profile
FEE INFORMATION
Study now and pay later with FEE-HELP.Students studying at MIT may be eligible for FEE-HELP. FEE-HELP is a loan scheme that assists eligible fee-paying students to pay their tuition fees. An eligible person may borrow up to the FEE-HELP limit to pay tuition fees over their lifetime.
Read more about FEE-HELP or visit Study Assist.
Tuition FeesFor 2022-23 fee information visit the tuition fee page.
Financial Assistance
Youth and student allowances
For details on Youth Allowance, Austudy and ABSTUDY, visit Human Services.
FREQUENTLY ASKED QUESTIONS
What is Accounting?
Accounting is the language of business. It’s 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 crunching numbers. Accountants are strategic business advisers and valued members of management teams. They often progress to senior management or board positions.
As well as recording business transactions, bookkeeping and preparing financial statements, accountants also;
- provide advice on the interpretation and application of financial data
- participate with senior management in strategies for mergers, acquisitions and the future direction of the organisation
- compute cost and efficiency gains from new technologies
- analyse the growth opportunities for new products
- develop management information systems to facilitate organisational control and decision making
- report on organisational financial performance
What will I study for a Bachelor of Business (Major in Accounting)?
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.
What are courses similar to Business and Accounting?
- At MIT a Bachelor of Business is offered with four majors, Accounting, Marketing, Digital Marketing and Management
- Graduate Diploma of Accounting
- Master of Professional Accounting
HOW TO APPLY
Step 1: Check the course entry requirements.
- Make sure you meet the entry requirements for your chosen course.
Step 2: What to include with your application?
- Evidence of completion of your previous studies that is award certificates or transcript with completion confirmed.
- Proof of identity—for example, your passport or birth certificate or citizenship.
- Evidence of English language skills (if you completed studies from a non-English speaking country).
- Proof of your permanent residency or citizenship if you were born overseas.
Certifying your academic documents
You should provide certified copies of your academic and other essential documents at the time of application.
Step 3: Apply
Apply direct to MIT using our direct Application Portal. The following applicants should apply directly:
- Postgraduate applicants
- Non-current Year 12 applicants
Current Year 12 students (VIC)
If you are a Year 12 student from VIC, you should apply through VTAC. VTAC applications are made online through the VTAC website. To learn more about the application process, visit VTAC.
Apply via VTACCurrent Year 12 students (NSW)
If you are a Year 12 student from NSW, you should apply through UAC. UAC applications are made online through the UAC website. To learn more about the application process, visit the UAC website
Apply via UACWHAT TO DO AFTER YOU HAVE APPLIED
The application processing time for direct applications is five working days after receiving the application at MIT. It may take longer during peak periods.
If you applied through VTAC, offers are released at different times. For more information on VTAC offer rounds and important dates, please visit the VTAC page.
Depending on your application method, if your application is successful, you will receive:
- Offer through your VTAC account if you applied through VTAC
- Offer by email if you applied directly to MIT.
How to accept your offer
Deferment of offer
INDUSTRY PROJECTS
Test yourself like never before
In the final year, students consolidate their learning through a capstone project (BB330).
This industry-based project is designed to provide students with real-world experience. The Industry Experience unit will require you to undertake project work for 150 hours in the trimester.
You’ll work with an actual business client and use what you’ve learned. Apply accounting principles to analysis, design, development and implementation and project management. Tackle and solve problems with technical and creative skills.
Our past students have worked on projects, such as these:
- HEALTH AND SAFETY : Development of Market Segmentation and Analysis for an OH&S App to send warnings if tradies are taking undue risks.
- RIDE-SHARE FINANCIAL MODELING : Developing a three financial statements forecast financial model for a ride-share company.
- ENVIRONMENTAL PRICING MODEL : Analysing pricing models and researching an HR payroll system for an environmentally-driven project.
- SANITATION : Developing a marketing plan and digital marketing strategy for an environmentally sustainable Sanitation Project.
- UNDERWATER TECHNOLOGY : Using the Internet of Things to alert authorities if a surfer or diver is attacked by a shark. Considering the financial implication of different designs.
- TRAVEL : Research and integration of a customer relationship management system for the travel industry.
OUR STAFF ARE LEADING INDUSTRY EXPERTS
Jay Hays
Deputy Head of School - School of Business & Course Coordinator Undergraduate Programs
Creator of numerous innovations and recipient of international awards, Professor Jay Hays brings a lifetime of international and cross-cultural experience to MIT, having lived and worked outside of Australia in Germany, Italy, Malaysia, New Zealand, the United Arab Emirates, and the United States of America.
Jay has held senior positions in academia, private industry, and the public sector running programs and projects across the globe. Trusted consultant and advisor to executives and management teams, Jay has a broad portfolio of strategic, operational, and interpersonal skills and knowledge, with particular strengths in planning, business process re-engineering, and professional development. Jay’s areas in research, teaching, and consulting span leadership and leadership development; organisational effectiveness and change; teamwork and collaboration; and sustainability. He is a recognised authority in professional and practice-based learning / Work-Integrated Learning.
Author of two books, two research monographs, and 60+ peer-reviewed journal articles, book chapters, and conference papers, Jay remains research-active and is a keen supervisor of Higher Degree by Research students. His current research and curricular activities focus on the development of higher-order thinking capabilities and dispositions, disruptive development, and sustainable learning and education.
SIVA K. K. MUTHALY
Coordinator – Master of Business Research & Discipline Leader Marketing and Digital Marketing
Siva is a passionate educator with more than thirty years in academia, specialising in marketing, research and innovation.
He has published widely on social media, digital marketing, international entry mode strategies and their ramifications for developing economies of the ASEAN region.
He has a passion for qualitative and quantitative research as the beating heart of the marketing discipline.
At MIT, he is the Coordinator – Master of Business Research & Discipline Leader Marketing and Digital Marketing and has been instrumental in leading the faculty to offer new market-driven courses.
Before teaching at MIT, Siva held senior academic positions at RMIT, Swinburne, Monash and the University of Newcastle. He was Dean of Business in a leading private university in Malaysia. Outside of academia, he has consulted to companies including Mercedes Benz.
OUR STAFF ARE LEADING INDUSTRY EXPERTS
Jay Hays
Deputy Head of School - School of Business & Course Coordinator Undergraduate Programs
Jay Hays
Deputy Head of School - School of Business & Course Coordinator Undergraduate Programs
Creator of numerous innovations and recipient of international awards, Professor Jay Hays brings a lifetime of international and cross-cultural experience to MIT, having lived and worked outside of Australia in Germany, Italy, Malaysia, New Zealand, the United Arab Emirates, and the United States of America.
Jay has held senior positions in academia, private industry, and the public sector running programs and projects across the globe. Trusted consultant and advisor to executives and management teams, Jay has a broad portfolio of strategic, operational, and interpersonal skills and knowledge, with particular strengths in planning, business process re-engineering, and professional development. Jay’s areas in research, teaching, and consulting span leadership and leadership development; organisational effectiveness and change; teamwork and collaboration; and sustainability. He is a recognised authority in professional and practice-based learning / Work-Integrated Learning.
Author of two books, two research monographs, and 60+ peer-reviewed journal articles, book chapters, and conference papers, Jay remains research-active and is a keen supervisor of Higher Degree by Research students. His current research and curricular activities focus on the development of higher-order thinking capabilities and dispositions, disruptive development, and sustainable learning and education.
SIVA K. K. MUTHALY
Coordinator & Discipline Leader
SIVA K. K. MUTHALY
Coordinator – Master of Business Research & Discipline Leader Marketing and Digital Marketing
Siva is a passionate educator with more than thirty years in academia, specialising in marketing, research and innovation.
He has published widely on social media, digital marketing, international entry mode strategies and their ramifications for developing economies of the ASEAN region.
He has a passion for qualitative and quantitative research as the beating heart of the marketing discipline.
At MIT, he is the Coordinator – Master of Business Research & Discipline Leader Marketing and Digital Marketing and has been instrumental in leading the faculty to offer new market-driven courses.
Before teaching at MIT, Siva held senior academic positions at RMIT, Swinburne, Monash and the University of Newcastle. He was Dean of Business in a leading private university in Malaysia. Outside of academia, he has consulted to companies including Mercedes Benz.
HEAR FROM THOSE WHO GRADUATED
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JOIN A SUPPORTIVE NETWORK
When you study a Bachelor of Business with MIT, you’ll make friends and industry connections that last a lifetime. Our welcoming student support team will help you start your career on the right foot and stay in touch as your career progresses. Our alumni network is active and encouraging.
WE CARE ABOUT YOUR FUTURE
At MIT you’re more than a number. Our teachers know students by name. And our teaching methods support and challenge you to reach your potential.
Our care goes beyond the classroom. We ensure students have the support and skills they need to succeed in life and study.
We understand that choosing a course can be daunting at times. Our friendly student support service is there to answer your questions.
LET’S GET STARTED. CALL US TODAY.
At MIT you’ll experience great teaching in a supportive environment. And you’ll graduate with the skills you need to succeed.
Call our friendly student services team today to discuss your learning journey on +61 3 8600 6700.