Daily Archives: March 21, 2012

BCom Majors I: Accounting

In my latest series of posts, I’ll be going through each of the majors in Bachelor of Commerce. I may also do some majors for other courses too with some guest posts.

BCom Majors: Accounting

“Because I can’t get a job with any other major”

The accounting major is most popular major of the BCom at UoM. This is reinforced by the multiple lecture streams available for most core accounting subjects. Below is a rundown of the Accounting subjects:

Accounting Reports & Analysis (ARA): Pretty straightforward. Basic bookkeeping. Just a revision of VCE Accounting with a bit of a difference in some content. I don’t see any reason how this subject cannot get smashed, it’s very easy.

Accounting Transactions & Analysis (ATA): Much the same as ARA. Just covers different topics. Another easy subject to score in.

Accounting Processes & Analysis (APA): An absolute joke of a subject covering garbage topics which are very easy to spin some nice BS on. Great average booster if you’re good at BS.

Intermediate Financial Accounting (IFA): Probably the hardest subject in the major. Easy to smash it if you know what you’re doing though. Big consolidation question on the exam is usually pretty fun.

Cost Management (CM): Very easy, lots of easy theory questions which are common sense and then there’s all these costing methods and variances to learn which are pretty simple too. Hear that now there’s a lot more theory in it these days which is probably making the subject even easier, if that’s possible.

Business Finance (Bus Fi): Just simple finance. Mid Semester test for this subject is basically a free 25% since there’s like a few multi-choice questions which are pretty straight forward. Also this is a subject which has massive amounts of FOBs. Don’t be surprised if you’re tutorial has around 90-95% of students being FOB.

Financial Accounting (FA): Lots of lame theory from business finance and some basic working out. Few of the topics are quite interesting but most of this subject is largely garbage.

Auditing & Assurance Services (Audit): Absolute joke of a subject. Impossible to fail, Easy to H1, hard to get 90+ on.

Enterprise Performance Management (EPM): A mix of Organisational Behaviour and Cost Management according to most people. Much the same as auditing in terms of scores. Hard to fail.

Principles of Business Law (PBL): Easy H1 with a ton of rote learning and regular quizzes.

Corporate Law (Corp): Content is quite interesting, subject is generally not bad. Exam weighting is heavy however, so just cram during SWOTVAC.

Taxation Law (Tax): Ratty and very lame content. Not too difficult to get H1 but tough to get 90s. Get a good partner for the assignment.

The FOB contingent is high for the Accounting major, as it’s basically a permanent residency factory for most FOBs, but don’t let that deter you from pursuing it! There’s still plenty of local students in it too.

In terms of career outcomes for graduates, most go into professional services like the big 4, the less worthy go to mid tiers, some go straight into industry, and the super geniuses go into government since the exit opportunities from the APS are amazing and going to Canberra is cool and super fun!

Most of the locals will end up being employed prior to graduation unless they’ve got a horrid transcript, even then most still get decent jobs. For FOBs, they usually try to get PR and get a job here or end up back home or in a nearby country.

Oh, and before someone goes through and starts picking out grammar and spelling mistakes, just note that this post was written on my phone during a commute in a foreign country and I can’t be bothered going through and fixing it all.