bachelor of accounting UTS: course guide 2015 bachelorofaccounting.com think.change.do

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1 UTS: bachelor of accounting course guide 2015 bachelorofaccounting.com think.change.do

2 Dean s introduction UTS Business School knows what business education is about in the twenty-first century. As a world class business school in a world-leading university of technology, our task is to prepare graduates for a new economy where creativity and integrative thinking are as highly valued as specialised areas of knowledge. This means we do more than analyse case studies and teach textbook theory. Our students, unlike students at most other business schools, have the opportunity to develop their creative potential and learn to recognise and nourish this potential in others. This is the way we develop true business and community leaders leaders who are ready to take on tomorrow s challenges. I look forward to welcoming you to UTS. Professor Roy Green Dean, UTS Business School contact us Tel: (02) coop.ed@uts.edu.au bachelorofaccounting.com

3 WhYutsBusiness School? As the world changes, so must the way we do business. That is why UTS Business School is developing as a world-leading centre of business thought and practice. We are embracing integrative thinking, ethical decision-making and corporate sustainability as core curriculum design principles, while upholding our reputation for delivering degree programs that demonstrate the intellectual rigour, practical application of knowledge, and industry relevance for which we are renowned. WorLD CLass UTS Business School is one of a select few business schools in the world accredited by AACSB International (The Association to Advance Collegiate Schools of Business). This accreditation represents the highest standard of achievement for business schools worldwide, meaning that you will graduate with an internationally recognised qualification. With our global, practice-based learning model, UTS is a recognised leader in teaching and learning. In recognition of our world-class achievements across a broad range of areas, UTS Business School ranked in the top 150 for Economics and Accounting and Finance in the 2012/2013 QS World University rankings. INDUSTRY NETWorks Our advisory board ensures the close cooperation of UTS Business School and key industry members in all aspects of research and education. More than 150 companies partner with UTS, sharing their resources and expertise in our research and innovative programs, and many offer internships and employment opportunities for our best graduates. From corporate, government and community bodies to small and medium enterprises, our range of connections will give you insight into how industry works and what employers look for in graduates. Expand your network through ours and make valuable contacts for your future career. WorLD-LeadingcaMPusand FaciLities Our vision is to create a world-class interconnected campus a place where students can study, socialise and connect. UTS Business School s commitment to innovative teaching and learning is reflected in our state-of-the-art facilities. Our new learning spaces encourage collaboration and innovation in both formal and informal learning environments. JoinaustraLia S LeadingBusiness ACCOUNTING DEGREE The Bachelor of Accounting (BAcc) has more corporate involvement than any other degree of its kind. Twenty five of the biggest employers in the country invest over $1.7M in the BAcc each year. These companies instigated the course and continue to influence its content and direction. 1

4 bachelor ofaccounting Key Information 2014atar: Desirable ATAR of 95 and above plus selection process Duration: 3 years (full time) Location: City campus Recommended Year 12 Studies: Mathematics and any two units of English Bonus Points: Not available Professionalrecognition: Students successfully completing the Bachelor of Accounting satisfy the educational requirements for undergraduate membership of CPA Australia, the Institute of Chartered Accountants in Australia and Institute of Public Accountants. WHY Bacc? If you are a high achieving school leaver and believe you could be one of Australia s future business leaders, the Bachelor of Accounting cooperative education scholarship program has been designed just for you. BAcc provides you with a multi-skilled accounting degree with strong emphasis on accounting and financial management both essential business tools. What you get > > An internationally recognised accounting degree, designed to give you an all-round business education and tailormade for Australia s leading businesses. > > A total scholarship package up to $46,500 tax free. > > Guaranteed career prospects BAcc graduates have a historical employment rate greater than 95% with average starting salaries of around $60K. > > A small, exclusive group environment. > > The option to complete a second major or sub-majors in other business disciplines that interest you. > > Two six month industry placements as an accounting intern with two different employers, often reporting to senior managers. > > Numerous social functions and group activities to help you form networks of friends throughout the course and beyond. COURSE STRUCTURE The Bachelor of Accounting is completed in three years of full-time study, which includes two separate six month industry placements in your first and third year. Some subjects are fast-tracked over Summer session, while others are taken part-time during your internships. GLOBALeXchange The personal, social and professional development you gain through an international study experience will add excitement and value to your degree, and broaden your career options. Global Exchange allows you to study overseas during the last semester of your final year at a UTS partner university in Asia, Europe or the Americas. While you are studying overseas, you remain enrolled full-time at UTS and receive credit towards your degree. 2

5 COURSE STRUCTURE CORE SUBJECTS > > Accounting for Business Decisions A > > Accounting for Business Decisions B > > Accounting Information Systems > > Fundamentals of Business Finance > > Economics for Business > > Integrating Business Perspectives > > Business Statistics > > Australian Corporate Environment > > Marketing Foundations + COMPULSORY ACCOUNTING MAJOR > > Accounting for Business Combinations > > Cost Management Systems > > Accounting Standards and Regulations > > Applied Company Law > > Assurance Services and Audit > > Taxation Law > > Management Decisions and Control > > Financial Statement Analysis (Capstone) + A SECOND MAJOR select from one of the following: > > Information Technology > > Financial Services > > Management > > Finance > > Marketing > > International Business > > Human Resource Management > > Marketing Communications > > Business Law > > Economics OR SUB MAJOR and a SECOND SUB MAJOR OR SUB MAJOR and *ELECTIVES * Subjects from any Faculty in the University > Sub majors > > Advanced Advertising > > Advertising > > Business Information Systems > > Business Law > > Econometrics > > Economics > > Event Management > > Finance > > Financial Planning > > Financial Reporting > > Financial Services > > Human Resource Development > > Human Resource Management > > Information Technology > > International Accounting > > International Business Studies > > International Management > > International Studies > > Language other than English > > Management > > Management Consulting > > Management Reporting > > Marketing > > Marketing Research > > Mathematics > > Public Relations > > Quantitative Management > > Small Business Accounting > > Specialist Country Studies > > Sport Management > > Statistics > > Strategic Marketing > > Taxation Law > > Tourism Management 3

6 bachelor ofaccounting continued HOW IT Works Your choice of subjects within the course is very similar to the Bachelor of Business. You have to complete a compulsory first major in Accounting, and then you can choose a second major, sub-majors or electives. > > 2 out of the 6 semesters of this 3 year degree are spent in the workplace as an Accounting Intern. You will be undertaking structured training and completing real work, while getting invaluable exposure to the world of big business. > > Sponsoring organisations, which include many of Australia s premier business employers, provide work training, scholarships and are involved in many other ways with the Bachelor of Accounting. > > We take in new students each year, and each class of students will study, work and play together as a tightly-knit group throughout the 3 years of the course. This means you won t get lost in the big crowds at university, you ll have a ready-made support network, and you ll make many lifelong friendships. > > As a scholarship student you ll be involved in numerous special activities such as the initial 6 week fast-track period introducing you to UTS and the business world, regular guest lectures by industry managers, annual development camps and student-organised social activities and trips. > > As a BAcc graduate you will have a year of full-time work in accounting behind you, as well as experience dealing with and reporting to senior managers in some of Australia s largest businesses. You will have had to show leadership, communication and team working skills expected of future business leaders. This is why our graduates are highly sought after by employers. SELection > > Entry to the BAcc is very competitive and is not based on ATAR score alone. Selection criteria is as follows: > > a genuine and informed interest in an accounting-based career > > personal attributes needed to succeed both as a student and in a business career communication skills, interpersonal skills, team-working skills, problem-solving skills, enthusiasm and dedication > > involvement and achievement in a range of activities and interests > > demonstrated leadership qualities or potential > > academic ability (desirable ATAR: 95) There is no fixed ATAR requirement for the Bachelor of Accounting. Like all of our selection criteria, the better your score for academic ability the better your chances of being selected. Each year we take in students with ATARs ranging from 90 to 99.95, balancing criteria against one another, so if you excel in another area it can compensate for a lower academic score, and vice versa. 4

7 APPLYingForBacc SCHOLarshiPS BAcc students will receive a scholarship valued at: > > $15,000 for the first year of the course; > > $15,500 for the second year of the course; and > > $8,000 for the first half of the third year of the course. In addition to the scholarship, which runs for 2.5 years of the 3-year course, students can claim a Recruitment Incentive of $8,000 in their third year if recruited by a sponsor organisation. This would bring the total received over the three years to $46,500. HOW TO APPLY > > Special application and selection procedures apply for this course. > > Round 1 applications close Friday 6 June 2014 and Round 2 applications close on Friday 24 October Please note: > > Applicants must nominate the Bachelor of Accounting as one of their preferred courses in the normal way through the NSW and ACT University Admissions Centre (UAC). > > BAcc is intended for recent school leavers, however applicants from other backgrounds may be admitted. Previous study or experience in accounting is generally of no advantage in our selection process, and those seeking recognition of prior study or experience may find this more readily available in the Bachelor of Business course. > > BAcc course is only open to Australian citizens and permanent residents of Australia. > > Classes for this course start in mid-january. 5

8 industrysponsors cheriebeach Financialcontroller,JohnsonandJohnsonPacific Johnson&JohnsonPacifichasbeenaBaccprogramsponsorsince 2003,withourMedicaldivisionjoiningasasponsorin2006.across thisperiod,johnson&johnsonhasbeenastrongsupporterof theprogram,recruitingsixteengraduates.ourbaccalumnihave obtainedexposuretodiversefinancerolesacrossj&j sconsumer, MedicalandPharmaceuticalsectorsandhaveprogressedto moresenioraccountingandmanagementroles.ourexperience hasshownthattheprogramproduceshighcalibregraduates, whohaveprovidedaconsistenttalentpipelinewithinjohnson& Johnson sfinanceorganisation. 6

9 FuLLtime work training Students are asked to nominate their preferred placement for an upcoming Internship. Placements are allocated by UTS based on the best fit of student to organisation, taking into account student interest and performance and the corporate environment and particular work experience offered by each sponsor. FirstYearinternshiP As a first-year student you don t have a lot of learning behind you, but you stand to gain a great deal from your first exposure to the world of big business. The exact nature of your work experience will naturally vary depending on the type of organisation you work for whether it be insurance, banking, manufacturing, communications, government or retail. Students are given a half-day of study leave in order to work on university subjects. THIRD YearinternshiP As a third-year student, in the second Internship, you can expect to be working on higher level accounting projects. Sponsor organisations will often have a special job or project in mind which they can hand to a BAcc student. Large tasks like this are a great challenge to an undergraduate student, and this is your chance to make a real contribution to the management of a large and well-known organisation. how THE INTERNSHIPS Work Students work Monday to Friday for the duration of the Internship, although flexible arrangements are common to accommodate periods of high activity. An orientation / introduction to the organisation and its expected standards are provided when a student first reports for work at the start of the Internship. Most of our current sponsors have their head offices in the Sydney CBD, with others located in the greater Sydney area. This is where students will spend much of their time during the Internship, although in many cases sponsors will try to give students some experience at other offices or plants. Students continue to study two subjects during the Internship. At the end of the Internship sponsor supervisor(s) are asked to submit a formal evaluation of the student, and each student is asked to report on their experiences during the Internship. This feedback is an important part of the continuing development and improvement of the Internships. 7

10 graduate and studentprofiles Graduate Profiles CourtenaYsMith Group Financial Controller, Lend Lease (Graduated BAcc 1997) The UTS Bachelor of Accounting program provided me with an excellent stepping stone in to the Corporate world. It gave me a fantastic insight into some of Australia s largest organisations while at the same time allowing me to enjoy being a university student. In addition, and in some ways most importantly, it introduced me to a great group of very talented people, a number of whom are still my closest friends. JereMY Basset Global Marketing Strategydirector, Unilever (Graduated BAcc 2003) BAcc provided me with a solid launch pad for my corporate career. The combination of a fast tracked programme, exposure to some of the world s best companies, and a great network of students and academics has opened up opportunities which would not otherwise be possible. What I found most valuable is the way BAcc grooms well rounded leaders who are equipped with skills for life. The experiences and friendships forged during my time at UTS have been a great support over the last 10 years, regardless of my role, function or country. Christhompson Seniorcommercial Manager Group Procurement cca (Graduated BAcc 2005) BAcc provided me with valuable opportunities and set me in good stead for my career at CCA. The internships not only provide good practical work experience but allow you to learn what industry and company would suit you. After my first internship at CCA, I knew this was the place for me. To this day I remain good friends with many BAcc graduates across all different years. Although a fast tracked course, we still enjoyed the uni lifestyle and even had the opportunity to complete the course overseas. Today I am still involved with BAcc as a sponsor and I know CCA is a keen and long-term partner. Anita Nicole Sanchez Seniorconsultant, Privateclients PricewaterhouseCoopers (Graduated BAcc 2009) Being a part of the UTS Bachelor of Accounting program not only helped me excel in my university studies, but become a part of real teams in some of Australia s biggest companies through my two 6 month internships. Without BAcc, there is no way I could have ever experienced such a wide variety of work within 3 years, let alone achieved a similar level of value-add at the companies I worked for at an undergraduate level. Best of all, the BAcc course introduced me to a fantastic group of people that has developed into great friendships with whom I ve shared fantastic memories from the grounds of UTS, to the corporate lunch scene, and to travelling and studying overseas on international exchange. ShiharazafruLLah Assistant Brand Finance Manager Unilever (Graduated BAcc 2011) A practical degree and a year s work experience at the end of three years, to me was BAcc s biggest selling point. BAcc has exposed me to a network of talented individuals and has provided me with the opportunity to work for two of Australia s premier employers. During my internships, I was able to gain invaluable knowledge about the work environment and the accounting industry. The work training assisted me to develop an understanding of business and to improve those skills that are important in the workplace, putting me in good stead to commence work as a grad. 8

11 Student Profiles Jonathan Pacchiarotta (2nd year BAcc) The Bachelor of Accounting Program has a challenging yet rewarding nature. The friendships and support networks have kept me going throughout the course, not to mention the invaluable internships that are part of the program. It was great to be able to use the knowledge and skills I had learnt in lectures and tutorials and apply it during my internship at Dexus. These internship opportunities we are given not only make us more employable, but also give us a taste of what it would be like to pursue a career in this field. SIMonchoo (2nd year BAcc) The internships within the program are invaluable. There is no better way to fully grasp what working in the corporate world feels like. Practicing in the field gave me a clearer sense of real-life issues and problems, as well as how to solve them. The rigorousness of the program has definitely taught me how to be more effective with the time I have. Productivity allows you to be an effective person, and this is a trait that is highly valued not only by employers, but anyone else you work with. GRACE Wagner (3rd year BAcc) Deciding to study the Bachelor of Accounting was a fantastic decision, as it has given me great insight into the business world with a strong accounting focus. The internships and graduate recruitment opportunities set the course apart from the rest, as these opportunities give us a head start in the competitive corporate world. The small, tight-knit cohort allowed us to form amazing networks and gave us the opportunity to create great friendships and support networks, not only during our time at university but also after we ve graduated. lucycavallaro (3rd year BAcc) The Bachelor of Accounting program has provided me with an incredible opportunity to gain practical experience through two 6-month internships while studying. This has allowed me to realise the diverse facets of accounting and understand its application in today s dynamic business world. The flexibility of the course also allows students to experience everything university life has to offer and explore their particular interests. One of the most rewarding aspects of the program is the close-knit friendships formed within the BAcc cohort, which has made my university experience thoroughly enjoyable. DARSHINI THURAIRATNAM (3rd year BAcc) The Bachelor of Accounting prepared me immensely for my career. I was at Johnson & Johnson Medical for my first internship, and I can t even begin to explain what a worthwhile experience it was. I got a real sense of how much we were appreciated at the sponsor organisations. We weren t given tedious tasks such as filing or photocopying we were given legitimate jobs, and being able to perform these jobs to our utmost ability and helping take the load off other employees was definitely a rewarding feeling. Roger Burrows Chief Financial Officer, Asciano Limited By recruiting accounting graduates from the Bachelor of Accounting program, you can be confident that you are developing tomorrows leaders. Our sponsorship of the UTS Bachelor of Accounting program provides an opportunity for talented students to make a difference in the industry and with Asciano. The Bachelor of Accounting program, with its mix of academic and industry based learning, provides an outstanding basis for developing your skills and realising your potential. 9

12 Want more information? Visit our website bachelorofaccounting.com contact us Tel: visit us UTS Open Day Saturday 30 August am 4pm City campus utsinfo Day 6 January am 4pm City campus City CaMPus Disclaimer: The information in this brochure is correct at February Changes in circumstances after this date may alter the accuracy or currency of the information. The UTS reserves the right to alter any matter described in this brochure without notice. Readers are responsible for verifying information that pertains to them by contacting the University. uts CRICOS provider CODE:00099F UTS:MCU / JOB / february 2014 / Photography By: Chris bennett, Anna Zhu and FJ GAYLOR 10