Commerce enrolment Quick Q (1 Viewer)

[mojako]

Just done a bit more thinking... Is it even possible to fit in CA accreditation requirements with a double major degree?? Because in a double major degree you do 7 courses for each major, 2 option topics and 2 courses as part of 'General education'. In a single major its 8 and 4 for your majors, FOUR option topics and 2 General education courses.

CA requirements:
ACCT1501 Accounting & Financial Management 1A
ACCT1511 Accounting & Financial Management 1B
ACCT2542 Corporate Financial Reporting and Analysis
ACCT3563 Issues in Financial Reporting and Analysis OR ACCT3573 (Honours)
ACCT2522 Management Accounting: Process Improvement and Innovation
ACCT3583 Stakeholder Value Management OR ACCT3593 (Honours)
ACCT3708 Auditing and Assurance OR ACCT3718 (Hons)
FINS1613 Business Finance
LEGT1711 Legal Environment of Commerce
LEGT2721 Business Transactions
LEGT2741 Business Entities
LEGT2751 Business Taxation

Now, all the topics except for the last four can 'fit' inside a major. If you do a single major, you could just do those last 4 as 'option topics' but if you do a double major, you wouldn't be able to fit 4 into 2.

Can it only be done through 'non-award study' or maybe inside the honours year?

if u major in accounting u only need to do a total of 7 courses, so ACCT1501, ACCT1511 and 5 others. so you can fit the 4 LEGT's into options and the accounting "leftover"

 

[volition]

Oh i think i get it now... Because the first two are 'core subjects' and still count towards the 7 for an accounting major. Thanks mojako I didn't get it before (I made the error of doublecounting ACCT1501 and ACCT1511)

 

[seremify007]

Before I start, let me say that this post is after a lot of careful thinking and consultation with various people including people from UNSW Enrolment, PwC, and other students.

Edit: I had another think about it, and I think it still makes more sense for me to do FINS1612 and FINS1613, rather than LEGT1711 and FINS1613, because I have to do FINS1612 eventually for finance to count as a major. (it's on the list of required courses)

I think you and me are very similar!- we both want to do Acct and Fin majors, but want CA eligibility.

Anyhow, the thing is, you can do FINS1612 anytime later on, but FINS1613 is essential if you want to study any of the other Finance topics later on- ie. if you haven't done FINS1613, you can't study 2nd year finance; however, FINS1612 isn't required (yet) and you can always do it later.

So, here is what I have ended up choosing to do;

Session 1 I am enrolling in LEGT1711 BECAUSE, I know I definitely will have to do it at one point (this may not apply to you because you plan to change course to LLB) in order to meet CA requirements AND because (based on information from various sources including UNSW enrolment) I am not eligible for FINS1613 unless I have either already studied FINS1612, OR I am currently studying or have studied (any two of) ACCT1511, ECON1102 or ECON1203** (ie. the three core requirements of B Commerce in Session2; and the reason why it only requires 2 is presumably for students who study part time). This way, I am free to pick FINS1612 later on to study, and I am also able to decide on majoring purely in Business Law as well- keeping my options open if I choose to lessen my workload. It is also necessary to do LEGT1711 to enable me to progress on to do the other CA requirements in Business Law***.

You might want to check out this topic for more information; it may or may not be entirely relevant (since it's regarding cadets), but there's information about the overloading in final year. http://community.boredofstudies.org/462/commerce-business/97527/accounting-cadets-uts-vs-unsw.html

** That information can be found on the sheet titled "Session 1, 2006 Course Selection Information" in the UNSW package you would've received in the mail today (brown envelope)

***

I suggest you do FINS1613 in S1 and LEGT1711 in S2 or vica verca. Mainly because you cannot progress to do
LEGT2721 Business Transactions
LEGT2741 Business Entities
LEGT2751 Business Taxation
if you havn't done LEGT1711.

... Bear in mind that upon further emailing, I have learnt I am not eligible for FINS1613 anyway.

Just done a bit more thinking... Is it even possible to fit in CA accreditation requirements with a double major degree??

No- you will have to do 2 extra subjects in final year.

ok if anyone is willing to help me..

ive enrolled in fins1612. i plan to get ca accreditation and double major [fins + acct] so as previous advice, leave fins1612 to the end if its needed (and do fins1613 2nd year).

It is entirely your choice- but I seem to misinterpret your post. Are you saying you will leave FINS1612 until later, or have you already enrolled in it? If you read above (in this post) you will see that I have decided to do LEGT1711 first up because I am not eligible to do FINS1613 yet (but I will be next session), and I might as well use my time to do something worthwhile rather than wasting time on FINS1612.

Could anyone else clarify on whether or not FINS1612 is a definite requirement to co-major in Finance? If it is, I guess I will probably do it next year or something.

Thanks for the help everyone!

Also in regards to my problem of not being able to enrol and getting the error, I was correct in thinking it was because I do not meet the corequesites; here is the reply from UNSW Enrolment;

The person you spoke to must have been misguided as you cannot do FINS1613 until you have done FINS1612 as it is a prerequisite, that is why it wont let you enrol in it.

 

[yook]

oh seremify
i meant if its really needed to qualify finance as a major then ill do it at the end


so infs1602 isnt needed for acct major with professional recognition?
its in the table they sent us... under accounting as a major -> legt 1711 and infs1602

 

[volition]

Ok.. well for session 1 i am enrolling in FINS1612, because you have to do it eventually (for a finance major) and because in session 1 i will have completed FINS1612, I can then do FINS1613 in session 2.

As I've said before, the reason I'm not doing LEGT1711 in my first year, is 'for the possibility' that i make it into commerce/law (which is highly unlikely, but i'm doing it just in case) I plan to do LEGT1711 first sem 2nd year. (if i dont make law)

And, I've just realised (thanks to mojako) that it is possible to 'fit it all in' and my previous error was my doublecounting of the accounting units because they are also core subjects.

Speaking in terms of '6 point courses'
24 - 6 (cores) = 18, 18-7 (finance major) = 11, 11 - 4 (LEGT's) = 7, 7-5( OTHER accounting courses to make up the 7) = 2, and then those 2 left over are just general studies. So it all works out without having to do extra time or overload.

Now, that's my Bcom course all sorted (pretty much), only thing that will throw a spanner in the works is actually making commerce/law, and I'll have to do more thinking if I actually do. But, I guess I can just wait and see til the end of the year to see whether i even make law anyway.

 

[volition]

Another question... when it says 'corequisite' that means you have to do it alongside another subject right? eg. FINS1613 has FINS1612 as a coreq.

There aren't any problems with doing say.. my 3 cores and FINS1612 for first semester and then the other 3 cores and FINS1613 the second semester are there?

You don't actually have to be doing them together at the same time do you? It's ok if you've done FINS1612 'beforehand' ? I know this sounds dumb, but I'd rather ask the question to be safe about it.

 

[seremify007]

oh seremify
i meant if its really needed to qualify finance as a major then ill do it at the end


so infs1602 isnt needed for acct major with professional recognition?
its in the table they sent us... under accounting as a major -> legt 1711 and infs1602

INFS1602 if I recall correctly is a requirement for CPA whereas LEGT1711 is for CA. You might want to check the CPA Australia website to confirm if you are interested in CPA.

Ok.. well for session 1 i am enrolling in FINS1612, because you have to do it eventually (for a finance major) and because in session 1 i will have completed FINS1612, I can then do FINS1613 in session 2.

Fair enough. No point wasting your time^^

And, I've just realised (thanks to mojako) that it is possible to 'fit it all in' and my previous error was my doublecounting of the accounting units because they are also core subjects.

Speaking in terms of '6 point courses'
24 - 6 (cores) = 18, 18-7 (finance major) = 11, 11 - 4 (LEGT's) = 7, 7-5( OTHER accounting courses to make up the 7) = 2, and then those 2 left over are just general studies. So it all works out without having to do extra time or overload.

Are you sure about that? I'm pretty sure we're missing something because so many people have told me that in order to comajor in Finance and remain eligible for CA, you will overload in final year. I'm not quite sure- maybe we're supposed to have 4 Gen Eds- not 2. I remember my sister telling me that she did 2 Psychology things for Gen Ed, but since they were so big or something, they counted as 4.

 

[yook]

ok im just going to follow volition, cept im not planning to do law
just want finance and acct
and i guess it will fit?

 

[volition]

Being a student myself, I'm not giving a 100% guarantee, but I'm pretty sure you can fit it all in.

Here's what Minai posted in that other thread. This is a commerce degree double majoring in finance and accounting, and still fulfills CA requirements. (I've put in * for courses that are required for CA )
1st Year:
ACCT1501 *
ECON1101
ECON1202
FINS1612

ACCT1511 *
ECON1102
ECON1203
FINS1613 *

2nd Year:
ACCT2522 *
FINS
FINS
LEGT1711 *

ACCT2542 *
FINS
FINS
LEGT2721 *

3rd Year:
ACCT3563 *
ACCT3708 *
FINS
LEGT2741 *

ACCT3583 *
LEGT2751 *
GENEDS

So yeah, it fulfills the 144 credit points, 12 points of gen ed, has the 6 cores, has 7 accounting subs (2 of them are included as cores), 7 finance ones (put your own finance ones in i guess) and it all fits within the 3X2=6 semesters available.

So as far as I know, yes you can fit it in.

 

[seremify007]

Another question... when it says 'corequisite' that means you have to do it alongside another subject right? eg. FINS1613 has FINS1612 as a coreq.

There aren't any problems with doing say.. my 3 cores and FINS1612 for first semester and then the other 3 cores and FINS1613 the second semester are there?

You don't actually have to be doing them together at the same time do you? It's ok if you've done FINS1612 'beforehand' ? I know this sounds dumb, but I'd rather ask the question to be safe about it.

I'm under the impression you can do FINS1612 anytime during your degree, but FINS1613 must be done in order to progress onto the other Finance subjects. As for corequisite- I think that means you can either have studied it earlier or alongside*.

As I mentioned earlier, I'm doing LEGT1711 so that I will be eligible to progress onto the other LEGT subjects required for CA, and since FINS1613 isn't available to me just yet, I might as well do this now rather than waste time on something which isn't entirely necessary but might need later on.

*

A corequisite is a course which must be completed successfully before, or studied concurrently with, the course for which it is prescribed.

ok im just going to follow volition, cept im not planning to do law
just want finance and acct
and i guess it will fit?

It should all work out, but like I mentioned earlier, I'm trying to make sure that my CA requirements are satisfied first- after all, that is imperative to me (because of cadetship). I can always do FINS1612 later on, but I must do LEGT1711 before I can do the other things necessary to meet CA requirements.

Out of interest yook, are you intending to do CA or CPA? There are CA vs. CPA topics on these forums if you are curious, you can also refer to the websites but of course there is bias on each website and really, it's dependent on where you want to go.

 

[seremify007]

Being a student myself, I'm not giving a 100% guarantee, but I'm pretty sure you can fit it all in.

Here's what Minai posted in that other thread. This is a commerce degree double majoring in finance and accounting, and still fulfills CA requirements. (I've put in * for courses that are required for CA )
1st Year:
ACCT1501 *
ECON1101
ECON1202
FINS1612

ACCT1511 *
ECON1102
ECON1203
FINS1613 *

2nd Year:
ACCT2522 *
FINS
FINS
LEGT1711 *

ACCT2542 *
FINS
FINS
LEGT2721 *

3rd Year:
ACCT3563 *
ACCT3708 *
FINS
LEGT2741 *

ACCT3583 *
LEGT2751 *
GENEDS

So yeah, it fulfills the 144 credit points, 12 points of gen ed, has the 6 cores, has 7 accounting subs (2 of them are included as cores), 7 finance ones (put your own finance ones in i guess) and it all fits within the 3X2=6 semesters available.

So as far as I know, yes you can fit it in.

Thanks for posting that again, I kindof forgot about it- maybe I should start planning ahead a bit more.

 

[Eagles]

yea, u can do CA, and co-major in finance.

To have finance major noted in your testemur, u need to have done:
FINS1612, FINS1613, FINS2624, FINS3616 + 3 finance options. (for double major)
FINS1612, FINS1613, FINS2624, FINS3616 + 4 finance options. (for single major)

Alternatively, if u wanna specialise in a certain area of finance (which i'll do), doing geneds in the summer/winter sessions will allow you to do that.

 

[MAICHI]

I'm under the impression you can do FINS1612 anytime during your degree, but FINS1613 must be done in order to progress onto the other Finance subjects. As for corequisite- I think that means you can either have studied it earlier or alongside*.

As I mentioned earlier, I'm doing LEGT1711 so that I will be eligible to progress onto the other LEGT subjects required for CA, and since FINS1613 isn't available to me just yet, I might as well do this now rather than waste time on something which isn't entirely necessary but might need later on.

Yes that's a wise decision. Get the prerequisites done first so you have more choices later on to play your timetable with.

And yes, corequisite means studied it earlier or alongside, so you definately can do FINS1613 without 1612 in second session providing you do the commerce cores in order.

 

[seremify007]

Do you guys think it really matters which order you do your lectures and tutes in? I was more concerned with having a nice timetable than planning it so my lectures would always be before tutes.

Update:
I have some tutes/lectures very close together- eg. Econ1101 Lecture at 1pm, then Econ1101 Tutorial at 2pm, and then Econ1202 Lecture at 3pm... that's the only 3-hour block I have though. Do you guys think this will be a problem?

 

[MAICHI]

Do you guys think it really matters which order you do your lectures and tutes in? I was more concerned with having a nice timetable than planning it so my lectures would always be before tutes.

Have you read this thread: http://community.boredofstudies.org/136/faculty-commerce/98027/lectures-tutes.html

 

[seremify007]

Thanks for that.

I guess it doesn't really matter for session1- I'll see how things go. I'm not too worried about quizzes and so on.. they can't be too difficult if I've got it squeezed in a bit.

 

[MAICHI]

Yes, don't stress too much now. Commerce degree is pretty flexible, timetables normally won't clash even for 2nd and 3rd year students, while if you're doing science it seems to clash all the time.

 

[seremify007]

Thanks for all your help guys.

Now I'm just worried about being nigelled >_>

 

[yook]

fnx volition..
it was really helpful n i guess confirming..

i think i am going for a ca... not sure at this point but then yah..:s

anyone still going tomororw?
ive already enrolled but i might want to hear what they have to say

 

[seremify007]

Nah I'm pretty set on what I've picked and so on... I'll probably need help later on with converting to part time, but apart from that, should be all good =]

Have fun yook =] Tell us if they say anything interesting!