Deakin Honours Web Page


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  • Deakin Honours Web Page

    1. 1. Faculty of Business and Law School of Accounting, Economics and Finance Deakin University, Faculty of Business and Law Click to begin It is never too soon to start planning for Honour!
    2. 2. Why Start Planning Early? Setting Goals increase The chances for success Honurs entry requirements are Specific and begin with Second year courses Get Ready to learn More!!!
    3. 3. What is Honours? <ul><li>Honours is a fourth year of specialised study taken after a three year degree. The Honours program offers advanced study in your chosen area and training in research techniques. </li></ul><ul><li>The Honours program is an eight credit point program comprised of: </li></ul><ul><ul><li>four credit points of coursework units which provide more in-depth knowledge of complex issues, and </li></ul></ul><ul><ul><li>a research project worth four credit points. </li></ul></ul><ul><li>Your research will be individually supervised by an experienced staff member. </li></ul><ul><li>It is a small, but intensive program with a group of bright and highly motivated students. </li></ul>
    4. 4. Why Honours? <ul><li>Did you know Mick Jagger has an undergraduate degree in accountancy and a advanced degree from the London School of Economics? </li></ul><ul><li>Honours training can certainly </li></ul><ul><li>“ START YOU UP!” </li></ul><ul><li>You'll be more competitive in the job market; </li></ul><ul><li>Most working professionals go on to a higher degree. Do well at Honours and you'll be qualified to do a PhD or other degrees; and; </li></ul><ul><li>Personal satisfaction with your achievements. </li></ul>
    5. 5. Why honours…. <ul><li>The Faculty of Business and Law has highly skilled researchers with a broad range of expertise in academic and industry research. Between them they have many years of supervision experience and are enthusiastic in encouraging research degrees. </li></ul><ul><li>The Faculty is very supportive of its Honours students and offers opportunities for the staff and students to interact at various gatherings throughout the year. </li></ul><ul><li>The Honours Program offered by the School of Accounting, Economics and Finance is a high quality specialised program for outstanding students at fourth level. </li></ul>
    6. 6. Why Deakin University? <ul><li>Student focused </li></ul><ul><li>Over 70 friendly and accessible staff </li></ul><ul><li>Staff linked to real world in teaching and research </li></ul><ul><li>Aim to produce work ready graduates </li></ul>
    7. 7. <ul><li>Coursework component focuses on the theoretical foundations of accounting, economics and finance as well as the current research literature. </li></ul><ul><li>An introduction to research is provided in a compulsory coursework unit in research methods. </li></ul><ul><li>Honours-level electives also provide the opportunity to examine 'research-in-action' by studying examples of published research. </li></ul><ul><li>The Honours Program is reviewed annually to ensure that all aspects of the program are of consistent high quality and are comparable with the best of honours programs offered elsewhere. </li></ul>Why Deakin University?
    8. 8. A Deakin University Honours degree in Accounting, Economics or Finance will provide you with a sound foundation for a career.
    10. 10. BENEFITS <ul><li>CAREER ENHANCEMENT </li></ul><ul><li>SUPERIOR SKILLS </li></ul><ul><ul><li>RESEARCH </li></ul></ul><ul><ul><li>PROBLEM SOLVING </li></ul></ul><ul><ul><li>ANALYSIS </li></ul></ul><ul><ul><li>COMMUNICATION </li></ul></ul><ul><li>LEADS TO MASTERS AND PH.D </li></ul>
    11. 11. Support <ul><li>Scholarships </li></ul><ul><ul><li>University scholarships </li></ul></ul><ul><li>Sessional work as a tutor </li></ul>
    12. 12. What type of job do you want? <ul><li>In developing relevant skills the undergraduate degree is limited </li></ul><ul><li>Shuffling papers around </li></ul><ul><li>The job market is highly competitive </li></ul><ul><li>We live in a rapidly changing environment. </li></ul><ul><li>Do you have the skills to adapt to a changing environment? </li></ul><ul><li>Through takeovers, outsourcing, etc, concept of lifelong employment has past </li></ul>
    13. 13. What skills do you develop in studying honours? <ul><li>By undertaking a piece of research, you develop problem solving (or research) skills </li></ul><ul><li>Unlike learning a body of knowledge, problem solving skills are transferable to other situations </li></ul><ul><li>Gives you a great advantage in job situations </li></ul><ul><li>You have the ability to ADAPT </li></ul>
    14. 14. What are problem solving skills? <ul><li>Have an approach to solve problems. That is learn to </li></ul><ul><li>Define the problem </li></ul><ul><li>Gain background knowledge of problem </li></ul><ul><li>What data is relevant to solving the problem </li></ul><ul><li>How to process that data to gain meaningful results </li></ul><ul><li>Be able to analyse the significance of the results </li></ul>
    15. 15. Core Units <ul><li>R esearch component </li></ul><ul><ul><li>Semester 1 </li></ul></ul><ul><ul><ul><li>MAA 427 Research Methods, </li></ul></ul></ul><ul><ul><li>Semester 2 (one thesis) </li></ul></ul><ul><ul><ul><li>MAR 411 Research Report 1, </li></ul></ul></ul><ul><ul><ul><li>MAR 412 Research Report 2, </li></ul></ul></ul><ul><ul><ul><li>MAR 413 Research Report 3 </li></ul></ul></ul>
    16. 16. Area of Interest Accounting Economics Finance To see all areas
    17. 17. Accounting <ul><li>Industry </li></ul><ul><li>Small Business </li></ul><ul><li>Government </li></ul><ul><li>Non-Profit </li></ul><ul><li>Self Employed </li></ul>
    18. 18. Accounting honours <ul><li>Compulsory research component </li></ul><ul><li>Compulsory coursework: </li></ul><ul><ul><li>MAA452 Foundations of Accounting </li></ul></ul><ul><li>Plus three from </li></ul><ul><ul><li>MAA 424 Contemporary Issues in Accounting </li></ul></ul><ul><ul><li>MAA 451 Advanced Auditing </li></ul></ul><ul><ul><li>MAA 456 Advanced Management Accounting </li></ul></ul><ul><ul><li>MAF 430 Advanced Derivative Securities </li></ul></ul><ul><ul><li>MAF 453 Advanced Corporate Finance </li></ul></ul><ul><ul><li>MAF 454 Financial Intermediation </li></ul></ul>
    19. 19. Entry - Accounting <ul><li>Best four accounting units including: </li></ul><ul><ul><li>MAA202 Accounting for Planning and Control </li></ul></ul><ul><ul><li>MAA301 Financial Accounting Theory </li></ul></ul><ul><ul><li>MAA302 Strategic Management Accounting </li></ul></ul><ul><ul><li>MAA303 Auditing </li></ul></ul>
    20. 20. Accounting Topics <ul><li>In USA, Enron, WorldCom and many other companies collapsed. Also many accounting scandals. </li></ul><ul><li>In Australia, HIH Insurance and Harris Scarfe collapsed </li></ul><ul><li>Many reforms introduced in both countries </li></ul>
    21. 21. Triple bottom line reporting <ul><li>Propensity to increase social and environmental voluntary disclosures does not provide insights: </li></ul><ul><li>into financial risk resulting from the firm’s related decisions/ activities. </li></ul><ul><li>Sustainable – longer term environmental performance. </li></ul><ul><li>Decisions can be improved if linked to </li></ul><ul><ul><li>Internal management </li></ul></ul><ul><ul><li>External stakeholders </li></ul></ul>
    22. 22. Economics
    23. 23. Career Prospects in Economics Policy advisors for Government Economists in large companies (market analysts, economic forecasters, strategic management) Analysts for financial institutions (commercial banks, stockbrokers, investment banks)
    24. 24. Structure - Economics <ul><li>Compulsory research component </li></ul><ul><li>Compulsory coursework: </li></ul><ul><li>MAE411 Advanced Economic Theory </li></ul><ul><li>MAE413 Macroeconomic Theory and Policy </li></ul><ul><li>MAE403 International Economics </li></ul><ul><li>MAE406 Business and Financial Econometrics </li></ul>
    25. 25. Entry - Economics <ul><li>2008 Economics Requirements </li></ul><ul><li>Required: </li></ul><ul><ul><li>Major in Economics, International Trade or Quantitative Analysis with at least a credit average. </li></ul></ul><ul><ul><li>MAF 256 Intro to Quant Finance and Econ. </li></ul></ul><ul><ul><li>MAE 301 Microeconomic Theory and Policy </li></ul></ul><ul><ul><li>MAE 302 Macroeconomics of Open Economies </li></ul></ul><ul><li>Highly recommended: </li></ul><ul><ul><li>MAE 306 Applied Econometrics for Economics and Finance </li></ul></ul><ul><ul><li>And/or MAE 305 Business and Financial Forecasting </li></ul></ul>
    26. 26. Economics - Topics <ul><li>Labour </li></ul><ul><li>Growth </li></ul><ul><li>Game Theory </li></ul><ul><li>Law and Economics </li></ul><ul><li>Stock Markets </li></ul><ul><li>Efficiency and Productivity </li></ul><ul><li>Regulation </li></ul><ul><li>Sport </li></ul><ul><li>Terrorism </li></ul>
    27. 27. FINANCE <ul><li>Career Prospects </li></ul><ul><li>Corporate Advisor </li></ul><ul><li>Estates and Wills </li></ul><ul><li>Investment Manager </li></ul><ul><li>Treasury Analyst </li></ul><ul><li>Bank Manager </li></ul><ul><li>Funds Manager </li></ul><ul><li>Financial Services </li></ul><ul><li>Share Broker </li></ul><ul><li>Credit Analyst </li></ul>
    28. 28. Structure - Finance <ul><li>Compulsory research component </li></ul><ul><li>Compulsory coursework: four from </li></ul><ul><ul><li>MAF453 Advanced Corporate Finance </li></ul></ul><ul><ul><li>MAF421 Advanced Investments </li></ul></ul><ul><ul><li>MAF430 Advanced Derivatives </li></ul></ul><ul><ul><li>MAF454 Financial Intermediation </li></ul></ul><ul><ul><li>MAE406 Business and Financial Econometrics </li></ul></ul>
    29. 29. Entry Requirements - Finance <ul><li>Required (Minimum of two of the following): </li></ul><ul><ul><li>MAF 256 Introduction to Quantitative Finance and Economics. </li></ul></ul><ul><ul><li>MAF 307 Equities and Investment Analysis </li></ul></ul><ul><ul><li>MAF 308 Applied Investment Analysis </li></ul></ul><ul><ul><li>MAF 384 Financial Modelling </li></ul></ul><ul><li>Strongly recommended: </li></ul><ul><ul><li>MAF 306 International Finance and Investment </li></ul></ul><ul><ul><li>MAE 305 Business and Financial Forecasting </li></ul></ul><ul><ul><li>And/or MAE 306 Applied econometrics for Economics and Finance </li></ul></ul>
    30. 30. Finance Topics <ul><li>IPOs </li></ul><ul><li>Commodity Markets </li></ul><ul><li>Credit Ratings </li></ul><ul><li>Takeovers </li></ul><ul><li>Derivatives </li></ul><ul><li>Microstructure of markets </li></ul><ul><li>F X </li></ul><ul><li>Warrants </li></ul><ul><li>Firm Performance and ownership </li></ul>
    31. 31. Contacts – Details in the Booklet <ul><li>Dr. Raylene Pierce-Maberly – Co-ordinator </li></ul><ul><li>- Admin Support - Linda DeSousa – [email_address] </li></ul><ul><li>61 3 9251 7801 </li></ul><ul><li>Honours Guide </li></ul>