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

Lisa Marriott Susan Corbett Noor Houqe Jaini Patel SCHOOL OF ACCOUNTING AND COMMERCIAL LAW VICTORIA BUSINESS SCHOOL

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 out 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 o Know  What T o 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 other 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 on the Producers of “The Simpsons”

Well-known legal disputes Multi-million dollar businesses ……

…. and employee - employer disputes: TROUBLE IN THE FARMYARD! Faccenda Chicken Ltd v Fowler [1986] 1 All ER 617 (CA ) What is the duty of an employee to his ex- employer, once his employment has ended?

THIRD YEAR ELECTIVE COURSES INCLUDE  Law of work  E-commerce law  Marketing law  Corporate insolvency law  Capital markets regulation

LAW VS COMMERCIAL LAW Warning : Commercial Law major is NOT a law degree . But a knowledge of the law is essential for anyone in business, government or non-profit organisations.

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

WHAT IS SPECIAL ABOUT ACCOUNTING? Accounting is the language of business.

WHAT IS SPECIAL ABOUT ACCOUNTING? For example  Lease a car or buy a car  Buy a house

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 1 ST FCOM ECON ACCY QUAN MGMT ECON QUAN INFO 111 130 111 102 101 140 or 111 101 YEAR 141 2 ND FINA ACCY ACCY COML COML ACCY TAXN MARK 201 or 231 223 203 204 225 201 101 YEAR 211 3 RD ACCY TAXN ACCY ANY ANY ACCY COML ANY ANY 308 301 302 300 300 330 310 300 300 YEAR TAXN TAXN COML COML (plus ACCY 001 - online)

YEAR 1 Year 1

Year 2

Year 3 YEAR 3

Questions?