Master of Commerce

To achieve competitive advantage in today’s global business environment, managers require skills in problem anticipation, identification and solving, along with abilities to work with and in teams and engage in ethical decision making. Thus, critical and self-reflective thinking is central to success in both postgraduate study and professional business careers.

UNSW Online Handbook Summary
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UNSW Online Handbook Summary
UNSW Class Timetable

UNSW Online Handbook Summary
UNSW Class Timetable

UNSW Online Handbook Summary
UNSW Class Timetable

Making sound business decisions depends on the evaluation and analysis of information. Given the frequent expression of information in monetary terms, financial literacy is a key element in creating value or identifying value opportunities.

This course introduces accounting as the language of business and as a tool to be used by managers within the organisation and by external parties including shareholders and creditors. The core aspects of management accounting and financial accounting are integrated and applied to significant issues as students will encounter them in business. Topics include the development of an appropriate business plan for the entity; costing and pricing; performance measurement; and the construction and use of published financial statements.

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Note: Not available to students who have completed ACCT3585 in the last three years.

The business world today operates on a global, networked, technology platform (the World Wide Web). The rapid implementation of networked technologies world wide has impacted national economies and transformed large and small organisations.

This course uses case studies of high performing e-businesses to facilitate discussion and understanding of the strategic, technological, operational and organisational changes required by organisations to remain competitive, as they confront the strategic opportunities and threats resulting from the global networked technologies.

The case studies analyse the emergence of new business models, including start up e-businesses, the transformation of traditional bricks and mortar companies into e-businesses and the creation of virtual global businesses with outsourced functions performed by a range of specialist companies.

The course also studies the move to digitalised core processes across the value chain– the e-enabling of customer relations; the e-enabling of enterprise resource planning, financial and accounting processes and human resource processes; and the emergence of global, digitalised supply chains. It reviews the financial opportunities the technologies provide to reduce costs, improve productivity and efficiency, and transform concepts of speed and flexibility.

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Note: Not available to students who have completed ACCT2542 in the last three years.

This course examines:

• The fundamentals of financial accounting for entities of simple organisational design
• Financial recording processes, systems design and internal control
• Preparation of general purpose statements of financial position, operating performance and cash flow statements
• Responsibilities in financial reporting
• Financial reporting constraints
• Recognition and measurement of specific financial statement elements
• Analysis and interpretation of financial reports

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An introduction to economic analysis and policy, with particular application to decision-making in business. The course provides students with the tools to use economic principles in decision-making and an understanding of the broader economic environment in which business decisions must be made.

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UNSW Online Handbook Summary
UNSW Class Timetable

UNSW Online Handbook Summary
UNSW Class Timetable

This course aims to develop students' abilities to use, analyse, and evaluate electronic business technologies and to propose a business model and develop business strategies employing these technologies. The course covers intra‐ and inter‐ organisational systems, payment systems, mobile systems, cloud computing, social technologies, smart systems, and other Internet‐based information systems relevant for electronic business. Core elements of the course are the analysis and discussion of current electronic business case studies as well as the entrepreneurial development of actual electronic business models.

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Marketing plays a key role in acquiring and retaining customers that is critical to the success of an organisation. Elements of Marketing examines how to attract and retain customers by understanding their expressed and latent needs, translating these needs into value offerings that customers want, creating brand awareness and communicating benefits of the value offerings, managing the delivery of value offerings to customers, and capturing value back to the organisation. The application of the theories, concepts, techniques and practices of modern marketing will be conducted via case studies, individual and group assessments.

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Employers are increasingly demanding that graduates commence employment with highly developed skills in management and leadership. This course provides a foundation for the development of these skills for students undertaking the MCom program. The course introduces students to theories of management and leadership, including cultural differences in effectiveness of leadership, leadership in different types of organisations, and their relationships with other departments within the organisation, as well as encouraging students to engage in personal development of skills necessary for effective leadership and management.

The course aims to help students improve their understanding and competences in managing others, exercising leadership in a variety of situations and the ability to effectively work with other people in modern organisations. Students will undertake learning activities that address managerial and general skills.

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"This course aims to introduce students to the complex and diverse range of risks that organisations must manage in today's increasingly global environment. The course discusses the complex nature of the words 'uncertainty' and 'risk', and how their many definitions and interpretations impact risk management. Subsequent lectures demonstrate why organisations must manage risks and what is different in the way they approach risk management today, compared to the past. The fundamental role risk culture and communication play in ensuring an organization’s ability to manage risks at Enterprise level is emphasised, and various frameworks for risk management reviewed.

The course aims to enhance students' ability to think 'outside the box' and encourages them to find solutions to complex problems, given limited information. Class debates and case study lectures are used to achieve these student attributes"

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UNSW Online Handbook Summary
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Note: Not available to students who have completed ACCT3583 or ACCT3593 in the last three years.

This course examines links between strategy and resource management as it considers the effective use of an organisation’s financial and other resources in creating value for a range of organisational stakeholders. The course provides students with a management accounting toolkit for analysing the value created for and by various stakeholders, both currently and for a sustainable future.

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• Integrate knowledge and skills in a framework for conceptualising, developing and implementing corporate and business strategy drawing on key concepts in marketing and organisational capabilities
• Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in developing and implementing strategy
• Engender critical reflection on the practice of business and management in working with people, and ethical decision-making
• Provide opportunities for considering global business career. Students will have opportunities of applying the above in case-studies and projects with course participants
  

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The course presents a continuous and systematic approach to the process of portfolio management. The process begins with the development of a policy statement to suit the needs, constraints and preferences of an investor. A thorough examination of past, current and projected conditions of the economy, markets, industries and companies is then conducted to form risk-return expectations for the implementation of investment strategy and construction of portfolio. The last stage of the process focuses on the continual monitoring of portfolio performance and changes to both market and investor-related factors. This reality check serves as impetus for updating the policy statement and revising the investment strategy.

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The Enterprise Systems and Business Design Practicum course is a capstone option for the Enterprise Systems and Business Design specialisation stream in the MCom program. This course provides an opportunity to integrate academic rigor with industry experience; to apply theory to solve real world problems, to make the learning experiential, to facilitate project-based learning, and to integrate scholarship with practice. This course is a supervised practicum; students must submit project plans and obtain approval from their academic mentor prior to beginning any work on the project.

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This course is designed to provide students with the opportunity to apply their cumulative learning, and build practical business and leadership capabilities within a social entrepreneurship context. Social entrepreneurs use business thinking to develop operating models aimed at creating positive social outcomes to reach people in need. The course is taught through genuine student engagement in a social entrepreneurship project, supported by both online modules and face-to-face strategy workshops. Each practicum experience will be different depending on the particular project on which each student will work. Assessment tasks are designed to provide a consulting style framework to both create value for the social entrepreneurship project, and to enable students to demonstrate their ability to apply and synthesise social entrepreneurship concepts. Assessments include project scope setting, a project presentation, a final project report, and a critical review and reflection.

The course can be taken either as a Master of Commerce and Master of Commerce (Ext) capstone practicum course or as an elective in one of the following Master of Commerce specialisations: Accounting (Management Accounting) or Management and Human Resource Management (Innovation & Entrepreneurship) . If taken as a capstone, it should be studied in the final semester of the program in place of the nominated capstone of the main specialisation. The course is offered during the standard semester periods or as an intensive course during Summer and Winter.

This course is by application only. Criteria for enrolment include: academic merit, genuine interest in social impact, any extra-curricular activities or experience in related fields.

For enquiries please contact CSI Students at: csistudents@unsw.edu.au

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