Faculty of Economics and Commerce : Guide to courses

14. Student information

Table of Contents

 14. Student information

Students should be aware of their rights and obligations while at the University. Essential information on matters such as enrolment, assessment, special consideration in the event of illness or other difficulties, etc., is contained in the Student Diary, issued to every student on enrolment.

 14.1. Special tests

There are no supplementary examinations in subjects taught by this Faculty, but the examiners may require candidates to present for further written or oral tests to be held before the publication of results in July and December. Candidates are warned that only very short notice of these tests can be given and it is important therefore that they are available and can be reached at the address held by the University as no rescheduling of these tests is possible.

 14.2. 24th subject rule

Students in the final year of the BCom course requiring no more than 12.5 points to graduate due to having failed no more than one subject in their final year, (or final semester for students expecting to complete at the end of semester one), and have;

1. achieved at least 40% in the failed subject, and

2. have not previously sat for a special test in the failed subject (unless special consideration was the reason)

will be offered additional assessment in the failed subject.

Note that this rule applies to students enrolled in the single BCom degree only.

 14.3. Unsatisfactory progress

Unsatisfactory Progress is defined as:

• failure in one half or more of the course load for which a student is enrolled in a year; or

• failure in a subject twice; or

• failure in any subject after receiving a warning in a previous year.

The following procedures operate:

• Full-time students who fail for the first time in no more than one half of their course load in one year, or part-time students who fail for the first time in all of their course load in one year, receive a warning letter.

• Students whose unsatisfactory performance consists only in failing twice in a non-compulsory subject may not be permitted to enrol in that subject for a third time.

The Committee will recommend to the Academic Board that a student be suspended from a course if:

• there is a failure in all subjects in one year by a full-time student, or four successive semesters by a part-time student;

• there is a failure in the same three or more subjects at two attempts;

• there is a failure in a compulsory subject at three attempts;

unless there are extreme extenuating circumstances.

All other students whose progress is unsatisfactory are considered individually by the Faculty's Student Progress Committee. Depending on what extenuating circumstances there may be, the Committee may decide to recommend suspension, restriction or limitation of the subjects a student may take in the forthcoming academic year.

Students recommended for suspension by the Faculty to the Academic Board have the right to be heard by the Board, but if the Board confirms the recommendation, the student is then excluded from the course.

 14.4. Leave of absence or course discontinuation

An undergraduate student seeking leave of absence must request permission from the General Manager in writing, specifying the proposed period of absence. Students who wish to discontinue their courses must notify the General Manager in writing.

 14.5. Resumption of course

Students suspended from a course, or who discontinue from a course, may apply to be re-selected into the course in competition with other applicants during the selection period. Students may not retain credit for a subject for longer than nine years.

 14.6. Membership of professional bodies

Australian Society of Certified Practising Accountants: Individuals who hold the Bachelor of Commerce degree with a three-year sequence in Accounting and Finance may apply for Associate membership of the Society.

Specific requirements of Associate membership are a core set of subjects and one of two 'Associate sequences'.

Core subjects include the compulsory subjects from the Commerce degree plus Accounting 1A and 1B, Intermediate Financial Accounting, Intermediate Managerial Accounting, Business Computing, Financial Accounting, Managerial Accounting, Business Finance and Introduction to Business Law.

Associate sequences are:

• Auditing, Corporate Law and Taxation Law;

• Corporate Finance, Investments, Banking and Finance Law, and one of Money and Banking, Economics of Financial Markets, Management of Financial Institutions, International Finance and Personal Financial Management.

Persons who seek full CPA membership after graduation must complete further external studies specified by the Society. For more information, including details of admission requirements, contact the State Registrar of the CPA, Victorian Division, 170 Queen Street, Melbourne 3000.

Institute of Chartered Accountants in Australia: Those who hold the Bachelor of Commerce degree including: Accounting 1A and 1B, Intermediate Managerial Accounting, Intermediate Financial Accounting, Business Computing, Financial Accounting, Managerial Accounting, Business Finance, Auditing, Introduction to Business Law, Corporate Law and Taxation Law, may apply to participate in the Institute's Professional Year of Study.

The Institute requires Professional Year students other than holders of honours degrees to complete a minimum of 52 weeks service with a firm of chartered accountants in public practice before the commencement of the Professional Year. For further information on admission requirements, contact the State Director, ICAA, 490 Bourke Street, Melbourne 3000.

Institute of Chartered Secretaries and Administrators: Persons who have completed the Bachelor of Commerce degree, including the Accounting and Business Law sequences, may apply for exemption from eight of the 13 subjects of the Institute's examinations.

Australian Institute of Banking and Finance: Persons who have completed the degree of Bachelor of Commerce and are employed in the banking and finance industry are eligible for affiliate membership of the Institute. Student membership is also available. Interested students should consult the Institute at level 19, 385 Bourke Street, Melbourne 3000.

Institute of Actuaries of Australia: The Bachelor of Commerce course allows students with strong mathematical backgrounds to undertake studies for the actuarial profession in their degrees.

Students who pass 300-203 Mathematics in the Financial World, 620-201 Probability, 620-202 Statistics, 316-102 Introductory Microeconomics, 316-201 Intermediate Macroeconomics, 306-104 Accounting 1B, 300-322 Actuarial Principles I, 300-323 Actuarial Principles II, 300-311 Life Insurance Mathematics, 300-320 Risk Theory I, 300-321 Risk Theory II, and 300-302 Actuarial Statistics at the appropriate high standard are able to apply for exemption from up to eight subjects which comprise Part I of the IAA syllabus. Students are also able to apply for exemptions in respect of individual subjects if they have passed the corresponding University subject(s) at the appropriate high standard. In addition, two honours subjects cover Part II of the syllabus. For more information, contact the Actuarial Tuition Service, 447 Collins Street, Melbourne 3000.

Status:                   Official 1999
Last Modified:            Tuesday October 20 11:49
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au