Program Rules & Admission Requirements

1 Duration of program

To qualify for the combined degree, a candidate shall satisfactorily complete a program of study comprising five semesters of full-time study or equivalent part-time. The maximum time permitted for completion of the program is eight years, subject to special permission from the Faculty to complete over a longer period.

2 Admission requirements

2.1 An applicant for admission shall have qualified for a Bachelor degree of the University of Adelaide or a Bachelor degree of another institution accepted by the Faculty for the purpose as equivalent, other than a Bachelor of Laws (or an equivalent degree).

2.2 The Faculty may subject to such conditions as it sees fit to impose in each case, accept as a candidate for the degree a person who does not satisfy the requirements of Rule 1.1 above, but who has presented evidence satisfactory to the Faculty of fitness to undertake the work for the degree.

2.3 On satisfying the admission requirements for entry to the Master of Business Law/Master of Commerce, students will enrol in a program of study to allow them to qualify for one of the following degrees:

Master of Business Law/Master of Commerce
Master of Business Law/Master of Commerce (Accounting)
Master of Business Law/Master of Commerce (Applied Finance)
Master of Business Law/Master of Commerce (Marketing)

2.4 Status, exemption and credit transfer

2.4.1 The Faculty may, on the basis of a candidate's prior studies, waive the need for that candidate to complete one or both of the Foundation courses. Any course for which an exemption has been granted must be replaced with an Advanced course.. For the purposes of fulfilling the requirements of Accounting, Applied Finance or Marketing, a minimum of 15 units of new courses from the relevant discipline must be selected that have not been presented towards another degree.

2.4.2 The Faculty may also grant credit towards the program, with or without conditions, as follows:

(a) up to a maximum or 18 units for equivalent graduate level studies completed at another tertiary institution; or

(b) up to a maximum of 9 units completed towards a compatible degree of the University of Adelaide, other than those listed in paragraph (c); or
.
(c) up to a maximum of 24 units completed towards the Graduate Certificate of Business Law and/or Graduate Diploma of Business Law at the University of Adelaide.

2.4.3 A candidate, who fails a course and wishes to repeat that course shall, unless partially exempted by the Faculty, again complete the required work in the course to the satisfaction of the teaching staff concerned.

2.5 In determining a candidate’s eligibility for the award of the degree, the Faculty may disallow any course completed more than 10 years ago. Where a course is disallowed under the rule, a student will be required to undertake such additional or special programs of study as the Faculty deems appropriate.

3 Assessment and examinations

3.1 There shall be four classifications of pass in any course for the combined degree: Pass with High Distinction, Pass with Distinction, Pass with Credit and Pass.

3.2 A candidate shall not be eligible to attend for examination unless the prescribed work has been completed to the satisfaction of the teaching staff concerned.
For the purposes of this Rule, a candidate who is refused permission to sit for examination shall be deemed to have failed the examination.

3.3 A candidate who fails a course and wishes to repeat that course shall, unless exempted partially therefrom the Faculty, again complete the required work in the course to the satisfaction of the teaching staff concerned.

3.4 A candidate who has failed a course twice may not re-enrol in that course except by special permission of the Faculty and then only under such conditions as may be prescribed.

4 Qualifications requirements

4.1 A candidate shall satisfactorily complete courses to the value of 60 units, as follows:

4.1.1 Foundation courses

18 units of foundation courses:
ACCTING 7024 Accounting Essentials for Decision Making (M) 3
or
ACCTING 7019 Accounting Concepts and Methods (M) 3
( required for Accounting stream)
ECON 7200 Economic Principles (M) 3
COMMERCE 7033 Quantitative Methods (M ) 3
(required for Accounting stream)
LAW 7085 Contractual Relations 3
LAW 7111 Principles of Australian Law 3
and (compulsory for Marketing)
MARKETNG 7005 Marketing Principles (M) 3
or
CORPFIN 7005 Principles of Finance 3
(compulsory for Accounting or Finance)

4.1.2 Business Law courses
24 units of Business Law courses selected from those on offer each year, or any other course approved by the Faculty.

4.1.3 Commerce courses
18 units of Commerce courses of which at least 12 units must be selected from one discipline:

Accounting
ACCTING 7009 Auditing and Assurance Services (M)* 3
ACCTING 7014 Management Accounting (M)*# 3
ACCTING 7015 Advanced Financial Reporting (M) 3
ACCTING 7017 Financial Statement Analysis (M) 3
ACCTING 7018 Public Sector and Not-For-Profit Accountability (M) 3
ACCTING 7020 Intermediate Financial Reporting (M)*# 3
ACCTING 7023 Advanced Financial Accounting (M)*# 3
COMMERCE 7021 Commercial Law and Information Systems (M)*# 3
COMMERCE 7036 Knowledge Management and Measurement (M) 3
COMMLAW 7011 Corporate Law (M)*# 3
COMMLAW 7013 Income Taxation (M)* 3
COMMLAW 7016 Business Taxation and GST (M) 3
* All 7 courses are required for eligibility to the CA program.
# All 5 courses are required for eligibility to the CPA program.

Applied Finance
ACCTING 7017 Financial Statement Analysis (M) 3
CORPFIN 7019 Portfolio Theory and Management (M) 3
CORPFIN 7020 Options, Futures and Risk Management (M) 3
CORPFIN 7021 Corporate Investment and Strategy (M) 3
CORPFIN 7022 Corporate Finance Theory (M) 3
ECON 7114 Money, Banking and Financial Markets IIID 3
CORPFIN 7039 Equity Valuation and Analysis (M) 3
CORPFIN 7040 Fixed Income Securities (M) 3
CORPFIN 7042 Treasury and Financial Risk Management (M) 3
CORPFIN 7044 Financial Planning (M) 3
ECON 7044 International Finance IIID 3

Marketing
MARKETNG 7023 Consumer Behaviour (M) 3
MARKETNG 7024 International Marketing (M) 3
MARKETNG 7025 Marketing Communications (M) 3
MARKETNG 7026 Marketing Research and Planning (M) 3
MARKETNG 7027 Brand Management (M) 3
MARKETNG 7028 E-Marketing (M) 3
MARKETNG 7029 International Market Entry Strategies (M) 3
MARKETNG 7030 Marketing Ethics (M) 3
MARKETNG 7031 Relationship Marketing (M) 3
MARKETNG 7032 Strategic Marketing (M) 3
MARKETNG 7033 New Product Development
& Innovation 3
Electives
COMMERCE 7041 Business Communications (M)
Unless Exempt - All International Students are required to take Business Communications (in lieu of one elective)

BUSINESS 7000 Social Challenges to Global Business 3
ECOMMRCE 7004 Internet Commerce (M) 3

4.1.3.1 Master of Business Law/Master of Commerce (Accounting)
18 units of Accounting courses selected from 4.1.3 or such courses as approved by the Faculty.
** Students undertaking Income Taxation (M) and Corporate Law (M) may present these courses in lieu of Corporate Law and Revenue Law from the Business Law courses in 4.1.2.

4.1.3.2 Master of Business Law/Master of Commerce (Applied Finance)
18 units of Applied Finance courses selected from 4.1.3 or such courses as approved by the Faculty, including:
CORPFIN 7019 Portfolio Theory and Management (M) 3
CORPFIN 7020 Options, Futures and Risk Management (M) 3
CORPFIN 7039 Equity Valuation and Analysis (M) 3
CORPFIN 7040 Fixed Income Securities (M) 3

4.1.3.3 Master of Business Law/Master of Commerce (Marketing)
18 units of Marketing courses selected from 4.1.3 or such courses as approved by the Faculty, including:
MARKETNG 7023 Consumer Behaviour (M) 3
MARKETNG 7025 Marketing Communications (M) 3
MARKETNG 7024 International Marketing (M) 3
MARKETNG 7026 Marketing Research and Planning (M) 3
MARKETNG 7030 Marketing Ethics (M) 3
MARKETNG 7032 Strategic Marketing (M) 3
Strategic Marketing (M)* is a capstone course for the Marketing pathway, and as such must be taken in the final semester of study.

4.2 Graduation

Subject to Chapter 89 of the Statutes, candidates who have satisfied the requirements for any award of the University shall be admitted to that award at a graduation ceremony for the purpose.

5. Transitional arrangements for pre-2010 candidates

5.1 Where a candidate has, prior to 2010, completed LAW 7094 Principles of Australian Law as a 4-unit course, they will be entitled to credit for LAW 7111, plus an additional 1 unit of unspecified credit towards the Business Law course requirements.

5.2 Where a candidate has, prior to 2010, completed LAW 7092 Contractual Relations as a 4-unit course, they will be entitled to credit for LAW 7085, plus an additional 1 unit of unspecified credit towards the Business Law course requirements.

5.3 Where a candidate has, prior to 2010, completed LAW 7093 Negligence and Intentional Wrongs, this will count as 4 units towards the Business Law course requirements.

6 Special circumstances

When in the opinion of the relevant Faculty special circumstances exist, the Council, on the recommendation of the Faculty in each case, may vary any of the provisions of the Academic Program Rules for any particular award.