BP313 - Bachelor of Business (Financial Planning)/Bachelor of Business (Accountancy)

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Plan: BP313FPDD - Bachelor of Business (Financial Planning)/ Bachelor of Business (Accountancy)
Campus: City Campus

Overview

Program details
Purpose of the Program
Articulation and pathways
Entrance requirements
External accreditation and industry links
Student expenses and charges in addition to fees
Library, IT and specialist resources

Program details

Award title: Bachelor of Business (Financial Planning)/ Bachelor of Business (Accountancy)
Award abbreviation: BBus(FinPlan)/BBus(Acc)
Total credit points: 384
Career: UGRD
Duration: Domestic students: 4 years full time; 8 years part time; International student: 4 years full-time
Location: Melbourne City Campus
Owning school: Accounting, Information Systems and Supply Chain (665H)
Owning school URL: www.rmit.edu.au/about/schools-colleges/accounting-information-systems-and-supply-chain
ASCED code: 080101
CRICOS code: 092363M

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Purpose of the Program

This program provides you the knowledge and adaptable analytical skills required in the accounting and finance service sector. The program adopts a broad-based multidisciplinary approach to help you develop excellent technical, analytical, practical and creative skills and knowledge in the financial planning area and professional accounting practice. While accountants and financial planners are increasingly working together in a wide range of areas (including assurance, consulting, taxation and business ethics) to provide financial advice in existing business models, you will also develop the skills required to provide service that adds clear value for clients. The main focus of the program is to develop a thorough understanding of financial products, risk management and investment strategies. Other aims include developing core skills to achieve a financial planner licence and expose you to the dynamic regulatory and legal environment in Australia. As a graduate of this program you will be prepared to deliver key financial and accounting services relating to personal financial planning, taxation, estate planning, insurance planning and investment and social security planning.  This unique program is designed to equip you with the financial planning skills and accounting knowledge required to provide professional advice in accounting, investment planning, taxation, estate planning, income tax, risk management and business reporting and ethics.

The capstone experience will be undertaken in the courses: ACCT2288 Financial Advisory Practice, ACCT1081 Professional Values, Ethics and Attitudes and ACCT1028 Strategic Accounting and Leadership to provide opportunities for you to apply knowledge and skill gained throughout your degree.

As an accounting and financial planning professional you will be able to occupy roles in stockbroking, funds management, insurance and risk, superannuation, and in other private sector or government organisations which have a requirement for high level, technical expertise in the financial planning area.

Accreditation for this program is being sought from FPA Australia, CPA Australia, Chartered Accountants of Australia and New Zealand (CAANZ) and the Institute of Public Accountants (IPA). 

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Articulation and pathways

Credit and exemptions will be assessed consistent with the principles of the RMIT University Credit Policy. Applicants who have completed studies or have partially completed a similar program at another institution (with entry criteria similar to this program) may be accepted with some credits or exemptions being granted towards this program.

Credit pathways between RMIT University VET programs, Higher Education Diplomas & Associate Degrees in the same or related discipline, enable you upon successful completion of a lower level qualification, at the required standard for admission, to apply for advanced standing in a higher level qualification.

Credit pathways between RMIT University programs enable you upon graduating from an RMIT University qualification to apply for advanced standing in a higher level qualification.

The current credit pathways for College of Business programs can be found at https://www.rmit.edu.au/study-with-us/applying-to-rmit/local-student-applications/pathways/advanced-standing  . These are subject to change.

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Entrance requirements

Semester 1, 2022 was the final intake for BP313 Bachelor of Business (Financial Planning)/Bachelor of Business(Accountancy)

Applicants with recent secondary education (current and within the past two years):

Successful completion of an Australian Year 12 senior secondary certificate of education or equivalent. If applicable, this includes equity access schemes and any other adjustment factors.

Vocational Education and Training study applicants:

Successful completion of an Australian Diploma or Advanced Diploma or equivalent overseas qualification.

Higher Education Diploma applicants:

Successful completion of an Australian Higher Education Diploma or equivalent overseas qualification with a cumulative GPA of 1.5 out of 4.0 / 55% Weighted Average Mark (WAM).

Associate Degree applicants:

Domestic applicants who have successfully completed the equivalent of four courses in an Australian Associate Degree with GPA converted to ATAR and no double-fail in any required course of the receiving degree.

International applicants who have successfully completed the equivalent of an Australian Associate Degree.

All Bachelor Degree applicants:

Domestic applicants who have successfully completed the equivalent of two courses in an Australian Bachelor Degree with GPA converted to ATAR and no double-fail in any required course of the receiving degree.

International applicants who have successfully completed the equivalent of four courses in an Australian Bachelor Degree with a GPA of 2.0 and no double-fail in any required course of the receiving degree.

Open Universities Australia (OUA) applicants:

Successful completion of two Open Universities Australia higher education units with a GPA of 2.0.

Entrance requirements for international onshore applicants:

All non-Australian residents and overseas full-fee paying students are required to meet RMIT English language requirements. For more information on these requirements see English Language Requirements at RMIT.

Applicants with Work and Life experience:

You may satisfy the academic requirements by completing the STAT multiple choice. If you are applying to RMIT as an applicant with work or life experience, you may sit the STAT multiple choice if you:

  • are 19 years of age or over as of 1 January in the year in which you will start your studies and
  • have not been enrolled in secondary studies for at least two years and
  • have no prior secondary school (Year 12), VET studies, HE studies or relevant work experience that can be considered for entry, or these do not meet the minimum academic requirements for the program

STAT results are valid for two years prior to the commencement of study and can be used to meet Year 12 English prerequisites. You are still required to meet all other program prerequisites or equivalents.

Learn more about RMIT STAT results including minimum STAT scores required to meet prerequisites.

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External accreditation and industry links

This program is accredited by the professional bodies listed in the table below. Specified credit/exemptions towards professional qualifications offered as part of the accreditation is subject to the applicant meeting set criteria defined by each professional body. Any application for credit/exemption should be made directly to the professional body and is your responsibility.

The professional bodies may offer membership for you as a career enabler which could include opportunities for networking and access to discipline specific resources. Application for membership is your responsibility.

Professional Body Accreditation Description Membership and Opportunities

CPA Australia

www.cpaaustralia.com.au

Program satisfies the academic requirements for direct entry into the CPA Australia program. [BBus (Accountancy) only]

Note: Students must complete Company law to be eligible for entry into the CPA Australia program

  • Students and graduates eligible to enrol in CPA Australia Network
  • Graduates eligible to enrol in CPA Australia program
  • Graduates eligible for membership category: Associate

Chartered Accountants Australia and New Zealand [CAANZ]

www.charteredaccountantsanz.com

Program satisfies the academic requirements for entry into the CA program. [BBus (Accountancy) only]

Students must complete Taxation 1, Auditing and Company Law to be eligible for entry into the CA program

  • Students eligible for membership category: Student Affiliate
  • Graduates eligible to enrol in CA program
  • Graduates eligible for membership category: Student Affiliate

Association of Chartered Certified Accountants [ACCA]

www.accaglobal.com

Program satisfies the academic requirements for entry into the ACCA Qualification program. [BBus (Accountancy) only]
  • Students eligible for accelerate program and can register and prepare for ACCA professional level exams prior to graduation
  • Graduates eligible for specified credit in the ACCA Qualification program of up to 9 fundamental level papers

Chartered Institute of Management Accountants [CIMA]

www.cimaglobal.com

Program satisfies the academic requirements to be streamed into the Advance Route 2 pathway for the CIMA program. [BBus (Accountancy) only]
  • Students and graduates eligible for specified credit in the CIMA program of up to 10 papers
  • Operational Case Study Exam [OCSE] and Management Case Study Exam [MCSE] can be taken prior to finishing the degree and CIMA qualification awarded on completion of degree.

Institute of Chartered Accountants in England and Wales [ICAEW]

www.icaew.com

Program satisfies the academic requirements for entry into the ACA program. [BBus (Accountancy) only]
  • Graduates may be eligible for specified credit of up to 6 papers in the ACA program

The Association of International Accountants [AIA]

www.aiaworldwide.com

Not applicable
  • Graduates may be eligible for specified credit of up to 12 papers

Institute of Public Accountants [IPA]

www.publicaccountants.org.au

Not Applicable 
  • Graduates eligible to apply for IPA program
  • Graduates eligible for membership category: Associate or Graduate Associate

Financial Adviser Standards and Ethics Authority [FASEA]

https://fas.treasury.gov.au/

Program satisfies the academic requirements to become a registered  Financial Planner

  • Not applicable

 

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Student expenses and charges in addition to fees

Once you are enrolled as a student in this program you will need to allow for expenses other than university tuition fees.  Additional expenses may relate to the purchase of lecture notes, textbooks, stationery, consumables such as printer paper, fees levied by commercial internet service providers for internet access outside of the university campus, and other relevant costs.

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Library, IT and specialist resources

RMIT Library provides extensive resources, services and study space. All RMIT students have access to scholarly resources including course related material, books, e-books, journals and databases. Computers, printers and group study rooms are available at each Melbourne Library location. You can access the Internet and Library e-resources. You can also access the RMIT University wireless network in the Library. Contact Ask the Library for assistance and further information www.rmit.edu.au/library.

Study Support is available for assistance with assignment preparation, academic writing, information literacy, referencing, maths and study skills.

Online learning tools and content

As a student in this program, you may access online learning tools and content for your program and associated courses from the student portal www.rmit.edu.au/students.

Services available to you as a student at RMIT University

RMIT University provides a wide range of resources and opportunities to assist your learning and wellbeing so you can achieve your study and career goals. Services are available face to face and online assisting with: 

  • transition to tertiary study and learning 
  • study skills, academic skills including literacy, mathematics and basic sciences if relevant 
  • enabling assistance if you have a disability, long term medical condition or other form of disadvantage which may impact on your learning 
  • career development and employment 
  • living and wellbeing (including advice on health, housing and financial matters) 
  • opportunities for scholarships, leadership and study abroad. 

We also offer a dedicated support service for Aboriginal and Torres Strait Islander students. You can find more information at www.rmit.edu.au/students/support-services/indigenous.

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