VICTORIA BUSINESS SCHOOL WHY CHOOSE ACCOUNTING, COMMERCIAL LAW AND - - PowerPoint PPT Presentation

SCHOOL OF ACCOUNTING AND COMMERCIAL LAW VICTORIA BUSINESS SCHOOL

Lisa Marriott Susan Corbett Noor Houqe Jaini Patel

WHY CHOOSE ACCOUNTING, COMMERCIAL LAW AND TAXATION AT VICTORIA?

 Internationally accredited  Capital city location  Flexibility of degree programme  High calibre teaching and research staff  “Triple Crown” of accreditations (one of 59

• ut of 13,500 business schools worldwide to

hold this)

 The path to become a Chartered Accountant.

NZICA, CPA Australia, ACCA & CIMA

Why a BCom at Victoria? What

You Need T

• Know

What T

• Expect

Why:

Taxation and / or Commercial Law and / or Accounting

WHY TAX?

Tax is important! Impossible to be a part of society and not

be a taxpayer

Not just about paying tax – also about

behaviour

ADAM SMITH’S CANONS OF TAXATION (1776)

Equity Efficiency Certainty Convenience

MATCH THE TAX TO THE COUNTRY

TAX TYPE COUNTRY Salt Tax UK Beard Tax New Zealand Bachelor Tax UK Printed Wallpaper Tax Russia Body Piercing Tax USA Window Tax France Hat Tax UK

MATCH THE TAX TO THE COUNTRY

TAX TYPE COUNTRY Salt Tax UK Beard Tax New Zealand Bachelor Tax UK Printed Wallpaper Tax Russia Body Piercing Tax USA Window Tax France Hat Tax UK

The Window Tax

WHY STUDY COMMERCIAL LAW?

 Gives you a competitive edge  The law affects all aspects of modern

business

 A commercial law Major complements

• ther business Majors

Law permeates all of our

activities

Contract law

Customer offers to buy Retailer accepts the offer They exchange - goods for payment Contract complete!

Passing Off

Lion Nathan takes

• n the Producers
• f “The

Simpsons”

Well-known legal disputes

Multi-million dollar businesses ……

…. and employee - employer disputes: TROUBLE IN THE FARMYARD! What is the duty of an employee to his ex- employer, once his employment has ended?

Faccenda Chicken Ltd v Fowler

[1986] 1 All ER 617 (CA)

THIRD YEAR ELECTIVE COURSES INCLUDE

 Law of work  E-commerce law  Marketing law  Corporate insolvency law  Capital markets regulation

LAW VS COMMERCIAL LAW

But a knowledge of the law is essential for anyone in business, government or non-profit

• rganisations.

Warning: Commercial Law major is NOT a law degree.

Dolce Gabbana executives accused of fraud “If only we had studied commercial law…!”

WHAT IS SPECIAL ABOUT ACCOUNTING?

Accounting is the language of business.

For example

 Lease a car or buy a car  Buy a house

WHAT IS SPECIAL ABOUT ACCOUNTING?

WHAT IS SPECIAL ABOUT ACCOUNTING?

• Learn to discover what’s behind

that number.

 Financial accounting

• Internal decision making

Management accounting

WHAT IS SPECIAL ABOUT ACCOUNTING?

• Organise information

 Accounting information systems

• Make sure that information can be relied upon

Auditing

THE BENEFITS...

Position Average Remuneration Analyst (Business / Finance) $109,111 Chief Financial Officer $235,008 Chief Operating Officer $283,912 Finance Director $212,646 Financial Controller $161,663 Management Accountant $102,493 Partner (Large CA Firm) $395,099 Tax Manager $133,699

SOURCE: NEW ZEALAND INSTITUTE OF CHARTERED ACCOUNTANTS 2013 REMUNERATION SURVEY

SAMPLE PLAN FOR BCA WITH ACCOUNTING, COMMERCIAL LAW AND TAXATION MAJOR

YEAR FIRST TRIMESTER SECOND TRIMESTER 1ST YEAR

FCOM 111 ECON 130 ACCY 111 QUAN 102 MGMT 101 ECON 140 or 141 QUAN 111 INFO 101

2ND YEAR

FINA 201 or 211 ACCY 231 ACCY 223 COML 203 COML 204 ACCY 225 TAXN 201 MARK 101

3RD YEAR

ACCY 308 TAXN 301 ACCY 302 ANY 300 TAXN ANY 300 TAXN ACCY 330 COML 310 ANY 300 COML ANY 300 COML

(plus ACCY 001 - online)

YEAR 1

Year 1

Year 2

YEAR 3

Year 3

Questions?