Bachelor of Commerce

Megan's Experience studying at Torrens

It is such a nice change from a big university where you are one out of thousands.

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Discover a global perspective on business blended with local context.

The Bachelor of Commerce provides a culturally diverse and career-oriented educational experience. There is a demand for high-quality graduates in accounting, finance and management, and this commerce degree can let you get into the workplace faster through accelerated study. What’s more, this course sets up the prospect of an excellent long-term professional career, covering fundamental knowledge and skills in the key areas of accounting, finance, economics, quantitative analysis, information systems, and business and taxation law.

This course includes an industry placement as well as a global learning experience with a Laureate International Universities partner institution.

The Bachelor of Commerce is endorsed by the Chartered Accountants (CA Australia and New Zealand) and the Certified Practicing Accountants (CPA) Australia.

Chartered Accountants    Certified Practicing Accountants


Key study outcomes

  • Learn the basic principles of accounting, economics and finance, and specialise in one of these disciplines
  • Develop an understanding of investments at corporate and shareholder levels
  • Learn how to use business information systems to develop insights and increase productivity
  • Learn how to create business analysis methods and financial reporting
  • Develop the management and leadership skills to successfully undertake a career in accounting, economics or finance,

Course Essentials

CRICOS Code: 088180G

Online

  • Not available

Duration

  • Full-time: 3 years (2 years accelerated)
  • Part-time: Options available

Intakes

  • February, June & September

You are eligible to apply for the Bachelor of Commerce as long as you meet the University’s minimum entry requirements. Each application will be assessed on a case by case basis. This includes, but is not limited to:
  • An Australian secondary education qualification, or equivalent
  • A completed or partly completed qualification at AQF level 6 (associate degree) or above
  • A completed Vocational Education and Training (VET) qualification at AQF Level 4 (Certificate IV) or above
  • A Special Tertiary Admission Test (STAT) percentile rank or equivalent.
Torrens University Australia also sets guaranteed entry thresholds for students who have:
  • ATAR 60 or equivalent
  • Studied at another university with a GPA of 3.5 in a scale of 7
  • A Special Tertiary Admission Test (STAT) rank of 155

If you meet at least one of these criteria you will not have to compete for a place in the Bachelor of Commerce. Your place is guaranteed.

If you are unsure or have completed other studies (formal or informal), please contact one of our Course and Careers Advisors (CCAs) to discuss whether this course is suitable.


English Language Proficiency Requirements

To gain entry into a course at Torrens University Australia, domestic and international applicants must satisfy the University’s English Language Requirements.

Approved English language tests include:

  • IELTS 6.0, with no sub score less than 5.5
  • TOEFL 78
  • PTE 58
  • CAE 57

Contact a Course and Career Advisor for more information on the course entry criteria.

Torrens University Australia operates on a trimester system comprising of 3 study periods per year.

It is expected that each subject, whether studied online or on-campus, will involve a combined total of 120 hours of structured and self-directed learning, which equates to approximately 8.5 hours a week per subject over a 14-week trimester.

Students who have studied at other higher education institutions can apply for credit transfer for subjects studied in these other institutions. Where credit transfer is applicable this will be reflected in the study plan for an individual student.

Contact a Course and Career Advisor for more information on credit transfers from prior study.

Fees*

Contact a Course and Career Advisor for our most up-to-date fees.

You may also be eligible for FEE-HELP.

Scholarships

Torrens offers limited number of scholarships each trimester, ask a Course and Career Advisor if you’re eligible.

Key Dates

Torrens operates on a trimester system and has 3 intakes a year in February, June and September. Click to see a list of specific key dates

* Torrens University Australia reserves the right to increase fees by up to 10% in each calendar year to cover increases in the cost of course delivery. The total course cost will depend on the duration of the course and whether a student studies full time or part time.

This course may be studied by international students, CRICOS Code: 084213C.

Torrens offers a free, personalised admission process where each applicant is considered on an individual basis. Please contact our International Admissions Officer to have your previous studies assessed for equivalence.

Torrens University Australia is an inclusive institution that celebrates diversity in its student community. We provide international students with assistance in finding accommodation, academic support, counselling services and language assistance.

Please read our International Student information or contact us with any questions about studying at Torrens or living in Australia.

 

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SUBJECTS

To qualify for the degree of Bachelor of Commerce, you must complete all core subjects and at least 5 subjects from the Accounting and/or Finance specialisation, as well as elective subjects (for a total of 96 units). The optional and elective subjects you choose will depend on whether you want to specialise in Accounting (A), Finance (F) or both.

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Core Subjects

 Business Information Systems

The design, development and maintenance of business information systems and their relationships with management decision making and business operations will be explored. This subject also covers the use of electronic spreadsheets and database management software in business.

 Business Law

This subject covers general legal knowledge relating to the business environment, providing an understanding of the legal responsibilities and risks of doing business in Australia. It introduces the Australian legal system and discusses the legal regulation that impact business in Australia and the features and purpose of contract law and Torts.

 Capstone Project

Each student's final project involves a research project designed to integrate the learning that has taken place during the whole course, and examine strategy and ethical practice required by modern managers. It provides the opportunity for students to apply this cohesive body of knowledge and skills to real world projects as well as gain valuable research experience.

Prerequisite: successfully completed 64 units of study at Torrens

 Global learning experiences

Students will have the opportunity to gain global insight through unique educational experiences that leverage the Laureate International Universities network. You will have access to the world's best and brightest minds through real world case studies, live briefs and dynamic international coverage.

 Industry Placement

A key element of this subject is the placement of students with an approved host organisation to complete a minimum of 120 hours of discipline-based professional work placement. While work experience is a component of the placement, considerable emphasis on the development of workplace knowledge and employability skills such as communication and organisation skills, the role and responsibility of discipline-based professionals, and the links between theory and practice in the workplace. A key task will be the completion of a reflective journal covering the placement and the identification and analysis of key learning outcomes.

Prerequisite: successfully completed 32 units of study at Torrens

 Management, Leadership and Professional Practice

This subject introduces students to their intended profession, the business environment and organisations, and the role of ethical standards, communication skills and behaviour in the practice of their profession. It discusses the 'Code of Ethics for Professional Accountants' and how the code should be applied in professional situations.

 Principles of Accounting

This subject introduces accounting systems and processes, leading to an understanding of how financial transactions are recorded and the form and function of financial statements. It includes the preparation and interpretation of financial statements.

 Principles of Economics

This subject covers both microeconomic and macroeconomic concepts and principles. Supply and demand, markets and pricing, factor markets, income distribution and market failure are covered along with economic systems, the concept of resource allocation, and the role of individuals and businesses in markets. An introduction to the principles of the structure, performance and behaviour of the economy, implementation and impact of economic policy and the regulatory and political environments is provided.

 Principles of Finance

This subject covers the major finance and treasury functions, and provides an understanding of a business's financial position, covering the theory of capital markets, investment and distribution decisions, financial risk management, and financial planning and control.

 Quantitative Analysis

This subject covers the role of statistical analysis in decision making. Topics include descriptive statistics, frequency and probability distributions, hypothesis testing, and linear regression and correlation.

Elective Subjects

 Auditing and Internal Controls (A)

This subject covers the nature and purpose of auditing and the regulatory and professional requirements of auditors with a focus on auditing standards and their application to the audit process. The general business significance of internal controls is explored in addition to the audit of internal controls.

Prerequisite: Financial Accounting Regulation Application and Theory

 Corporate Law (A)

This subject covers the national corporate law framework and its application to the business environment. Topics include the role and application of the Corporations Act, the regulatory environment for companies in Australia, the concept of separate legal entity, and the procedures for starting, operating and winding-up a company.

Prerequisite: LAW2000 Business Law

 Income Tax Law (A)

This subject provides an overview of the Australian taxation system with a special focus on the concepts of income tax law. Topics include jurisdiction to tax, assessable and non-assessable income, capital gains and losses, deductions, tax accounting, tax entities, anti-avoidance and tax administration.

Prerequisite: Business Law

 Managing Organisations in a Global Context

This subject focuses on the processes of management (planning and decision-making, organising, leading and motivating, and controlling) in a global organisation. Topics include the role of culture, intercultural communication and negotiation, people management, and ethical and socially-responsible behaviour in global organisations.

Prerequisite: successfully completed 32 units of study at Torrens

 Marketing

This subject discusses marketing management and practice. Topics include marketing functions and their management, environmental, industry and competitor analysis, objectives setting, marketing strategies, and marketing mix components.

 Organisational Behaviour

This subject studies the individual, groups and the organisation to understand the behaviour of people at work. Topics include workforce diversity, values, personality, emotions, motivation, group behaviour, work and life stress, conflict, communication, power and politics, organisational culture and organisational change.

Optional Subjects

 Annual Report Analysis and Interpretation (A)

This subject involves the critical analysis of public company annual reports from accounting, financial, business model, governance, environmental and social accountability aspects. It is a capstone subject that requires the application of knowledge and skills developed throughout the course.

Prerequisite: Financial Accounting Regulation Application and Theory; Corporate Accounting

 Corporate Accounting (A)

This subject covers the more advanced financial accounting issues of company reconstruction, accounts of liquidators and receivers, amalgamations and takeovers, inter-corporate investments and consolidated accounts, and joint ventures.

Prerequisite: Principles of Accounting

 Corporate Finance (F)

This subject is concerned with the formulation of an organisation's financing strategies. It discusses financial distress and agency costs, dividend policy and taxation and their influence on financing policy, initial public offerings in debt and equity markets, convertibles, warrants and capital market signalling, corporate diversification and agency theory.

Prerequisite: Principles of Finance

 Derivatives and Risk Management (F)

This subject discusses the role derivative markets play in finance, covering the concepts of arbitrage, options pricing, the application of options and futures to hedging and risk management, and currency and fixed-interest derivatives.

Prerequisite: Corporate Finance

 Financial Accounting (A)

This subject covers the use of accounting software to record and report business transactions and the preparation of financial statements for partnerships. The regulatory environment for financial reporting in Australia is introduced along with the role, purpose, application and interpretation of accounting standards.

Prerequisite: Principles of Accounting

 Financial Accounting Regulation: Application and Theory (A)

This subject involves the critical evaluation and application of accounting standards and covers the theoretical principles and concepts underlying accounting practice. The focus is on the conceptual framework of accounting and its application to contemporary accounting practice and includes discussion of current national and international developments in accounting and financial reporting.

 Financial Markets and Institutions (F)

This subject describes the markets, institutions and instruments that make up the Australian financial system. Topics include the domestic and international flow of funds, money, credit, capital and foreign exchange markets, savings institutions, equities, bills and asset-backed securities.

Prerequisite: Principles of Finance

 International Financial Management (F)

This subject extends financial decision making into an international context. It will cover the international monetary system, the foreign exchange market, the determination of currency exchange rates, the major forms of foreign exchange exposure, the strategies to manage this exposure through the use of futures, swaps and options. This subject then examines how multinational firms make capital expenditure, cost of capital and capital structure decisions, and finally, international trade finance.

Prerequisite: Investments and Portfolio Management; Derivatives and Risk Management

 Investment and Portfolio Management (F)

This subject identifies investment classes available for managed funds. It discusses the pricing of risky assets, asset allocation techniques for both fixed-income and equity portfolios, the measurement of portfolio tracking error and risk exposure, and portfolio performance evaluation.

Prerequisite: Corporate Finance; Financial Markets and Institutions.

 Management and Cost Accounting (A)

This subject covers the application of numerical and analytical skills for budgeting and forecasting, product and process costing, planning and control, performance evaluation, and the management of working capital It also introduces the role and purpose of strategic management accounting.

Prerequisite: Principles of Accounting; Business Information Systems; Principles of Economics.

Finance Specialisation

To specialise in Finance, the candidate must include the following optional subjects:

  • Corporate Finance (F)
  • Financial Markets and Institutions (F)
  • Investment and Portfolio Management (F)
  • International Financial Management (F)
  • Derivatives and Risk Management (F)

ACCOUNTING SPECIALISATION

To specialise in Accounting, the candidate must include the following optional subjects:

  • Financial Accounting (A)
  • Management and Cost Accounting (A)
  • Corporate Accounting (A)
  • Financial Accounting Regulation: Application and Theory (A)
  • Annual Report Analysis and Interpretation (A)

To meet the educational entry requirements for CPA Australia the candidate must include:

  • Corporate Law (A)

To meet the educational requirements of Chartered Accountants Australia and New Zealand the candidate must include:

  • Corporate Law (A)
  • Auditing and Internal Controls (A)
  • Income Tax Law (A)