B6007 - School of Business (Course Map Planning Guide) (Monash Malaysia)

B6007 - Master of International Business

Course Map Planning Guide

It is your responsibility to ensure that you chose the correct units, and this web page will give you all the information you need to do this. It will take you through each component of your degree and explain the decisions you need to make.

Message from our Head of School

Professor Nafis Alam

The Basics

At Monash we call our degrees “courses”. You are enrolled in a course called the Bachelor of Business and Commerce. It has a course code: B2026.

To graduate from this course you need to complete a total of 24 units. Most students do this by taking 4 units each semester for 6 semesters (two semesters each year for three years). It is very important that you choose your units carefully because you have to meet the rules of the degree. If you get to the end of three years and have chosen the wrong units you won’t be able to graduate and will have to do another semester of study.

Your degree has three sections:

• Part A Business and Commerce Specified Study
• Part B Business Listed Major
• Part C Free Elective Study

You must complete 8 units in each Part (giving you the total of 24 units). Each part has its own rules. The following sections take you through each part in detail, explaining exactly what you need to do to meet the rules.

As you read through this page you will notice that there are some special rules for students who want to major in Accounting. These rules are necessary to meet the requirements of accounting accreditation bodies. In other words, if you don’t follow these rules, you won’t be able to practice as an accountant. The ‘Special Advice for Accountancy major’ tab summarises the special accounting rules.

Lead with a global perspective.

Specifically designed for recent graduates and those in the early stages of their career, this course will build on your undergraduate credentials and further strengthen your business skills.

This course has a business-oriented focus, seeking to advance your knowledge of the international environment in which firms and their managers operate, considering issues such as international trade and the internationalisation of operations.

You’ll develop expertise in communicating and negotiating across cultures, and enhance your capacity for advanced analysis of firm internationalisation, corporate strategy, and more. You'll have the skills to lead your company through the internationalisation process, making this course extremely relevant especially if you're seeking career advancement in ambitious organisations and companies.

AT A GLANCE

COURSE STRUCTURE

Part C

SPECIAL ADVICE FOR ACCOUNTANCY MAJOR

How will my unit/major selection impact on my exchange program

Duration

• 1.5 years (full-time) or 3 years (part-time) if you have a degree in a relevant discipline
• 2 years (full-time) or 4 years (part-time) if you have a degree in any other discipline

Type

Coursework

Intakes

February and July

Fees

In 2022, the tuition fees for the full course at 1.5 years are:

• RM55,723 for Malaysian students
• RM62,423 for international students.

General fees:

• Application (once only) - RM100
• Registration (once only) - RM200
• General amenities (per semester) - RM100
• International student pass application - Click here.

Credit exemption

If you have a previous business qualification, you may be able to accelerate your study and graduate in one and a half years instead of two. Click the Course Structure tab to learn more.

SECTION A

• Accounting for business
• Economics
• Business statistics
• Marketing and the international consumer.

SECTION B

• International business theory and practice
• International management
• International business strategy
• International trade law
• Ethics and global corporate governance
• Data analytics for business
• International marketing
• Accounting and finance for international managers.

SECTION C

• International economics
• Innovation and entrepreneurship
• Global supply chain management
• Asian business systems
• International issues in employment law
• Current issues in international finance
• International study program in international business
• Applied business project.

Credit exemption You'll complete the program structure that corresponds to your prior qualification:

Relevant disciplines include any major within management, business, and economics with approval from the course coordinator.

Part C: Free Elective Study (8 Units)

This is the most adventurous part of the Bachelor of Business and Commerce because the choice is yours! Here you have eight units of “electives'' which means that you can choose what you want to study. Let’s discuss some of the common choices that students make:

• Another major from the Bachelor of Business and Commerce.

Many students study a second major so that they can graduate with a “double major”. If you want to do this, you need to plan early so you can start studying the units from your second major early. If you study a second major you need to follow the rules of the major as explained above.

In your second major you may also find there is a 1000 level unit that you have already studied in Part A. You may also find that there is another 2000 or 3000 level unit that you have already studied in your first major. Because you have already completed these units, they become free electives in Part C: you can take any unit you want to fill these elective slots.

• A minor (or two minors) from the Bachelor of Business and Commerce

You can also take a minor, or two, from the Bachelor of Business and Commerce. A minor is a set of four units that concentrate on a single area of study. You can choose your minor from the following list. Of course, you cannot take a minor in the same area of study as your major.

You may find that your minor has a unit (or even two) that you have already studied in your first major. Because you have already completed these units, they become free electives in Part C: you can take any unit you want to fill these elective slots.

• Free electives

You can use the units in Part C as “free electives”. That means that you can take any Monash units, provided you meet any pre-requisite requirements or other limitations (such as enrolment caps). If you take a minor, you can combine a minor with four free electives. When you are choosing free electives you need to check that you don’t break two important degree rules:

• You can only count ten 1000 level units in your degree (including the 6 you have completed in Part A and any additional 1000 level units in your major).
• You must complete at least six 3000 level units.

Part C summary

You must complete 8 additional units. This could be one major, or two minors, or a minor plus four free electives, or eight free electives.

Special Advice for students who want to complete an Accounting Major

Part A. Business and Commerce Specified Study

You have to complete 8 units in Part A. In your first year, you will be completing these units:

• ACW1120 Financial Accounting 1
• BTW1042 Malaysian Business Law
• ECW1101 Introductory Microeconomics
• ETW1001 Introduction to Statistical Analysis
• MGW1010 Introduction to Management
• MKW1120 Marketing Theory and Practice

In your third year, you are required to complete ACW3900 Global Issues in Accounting.

You will have to complete one unit to make up the 8 units required in Part A. This can be any unit in the degree. But if you are planning on studying a second major (in addition to your Accountancy major), you must study ECW1102 Introductory Macroeconomics as your additional unit. This will mean you can fit a second major into your degree.

Part B. Business Listed Major

To gain a major in Accountancy, you need to complete these 8 units:

• ACW2120 Financial Accounting 2
• ACW2220 Management Accounting 1
• AcW2420 Accounting Information Systems
• ACW3120 Financial Accounting 3
• ACW3220 Management Accounting 2
• ACW3630 Assurance and Audit Services
• BTW2213 Malaysian Company Law
• BTW3153 Malaysian INcome Tax Law

However, if you plan to pursue a professional accounting qualification, you will have to complete more units. The BBusCom course is accredited by ACCA (the Association of Chartered Certified Accountants), CAANZ (Certified Accountants Australia and New Zealand) and CPA (Certified Practising Accountants). To be exempted from some modules set by these professional bodies, you must complete the following units, in addition to the Accountancy major:

• ECW1102 Introductory Macroeconomics (enrol in the first or second year)
• BFW2140 Corporate Finance 1 (enrol in the first or second year)

Since Part B consists of 8 units only, the completion of these professional accounting accreditation units would come under Part C.

Special Note for Accounting students going for exchange: Students wishing to get professional bodies accreditation are highly advised to NOT enrol for Accounting units while going for Global Intercampus Program or the Interuniversity Exchange Program. All accounting units for professional accreditation exemptions should be taken in Monash University Malaysia to ensure the unit codes match the Monash University Malaysia's unit codes already approved by these accreditation bodies

Part C. Free Elective Study

There are a number of different options for Part C of the degree. They are summarised here.

Most students majoring in Accountancy like to study a second major in Part C. This is possible, but you have to make sure that you pick up the second unit required by the professional bodies. (Remember that we recommended that you take one of these units, ECW1102 Introductory Macroeconomics, as your additional unit in Part A).

How can you include the second required unit, BFW2140 Corporate Finance 1, if you are taking a second major in Part C? In fact, it's quite easy!

If you are taking the Banking and Financial Management major, there is no problem at all as BFW2140 is required in the major.

For all the other majors, it's a bit trickier because they don’t include BFW2140. But remember, that all of the other majors include one of the 1000 level units you have already studied in Part A. So you can study BFW2140 as the additional unit required to make up for this overlap.

So, it's easy. You can complete a second major and meet the requirements of the professional bodies!

How will my unit/major selection impact on my exchange program

During your course, you can opt to study a semester or two at any one of Monash's partner universities or study at a Monash campus in Australia for one semester.

You are encouraged to plan for this early in your course, preferably in your first semester, as you will need some flexibility in your course structure if deciding to study in Australia or a partner university.

Studying at a Monash Australia campus is the most convenient as you will find that most units you need for your major (or minor) are also offered in Australia. Apart from the Faculty conditions, you would also need to check if the units you need for your major are offered while you are in Australia.

If you prefer to study at a partner university, the choice of units you can take at the partner university will be dependent if you are substituting it with a Monash compulsory core unit, unit contributing to your major, or free elective unit. There are faculty policies in determining how the partner university subjects are assessed and approved:

• For compulsory core units, an equivalency assessment will be made where the partner university subject will need to share an 80% or greater overlap in learning outcomes, content and assessment.
• Units required for your major offers some flexibility in equivalency assessment and will be determined by the Faculty. This will be approved if the partner university subject is judged to have sufficient equivalent content and equates to six Monash credits on its own or in combination with another host subject.
• The most frequently used type of unit by students who exchange to a partner university are free electives. These units offer flexibility in your choice of study while overseas and can be anything judged suitable for credit at an appropriate learning volume.

Regardless of your study abroad location of choice, you will find that a single major offers greater flexibility in your course plan as you will have more ‘free electives’ to undertake while overseas. The choice is ultimately yours and we encourage you to plan early.

Students may plan their studies for exchange by referring to the Information Sessions particularly the Study Plan videos on Monash Abroad page, by referring to the Academic Details tab of the partner institution in Monash Abroad Portal, and by using the DIY Course Map (under Course tab). For Global Intercampus Program, students may match their equivalent units by referring to the Prohibitions units under the Requisites tab in the respective unit handbook

Students are not required to submit their course map for validation or verification from the Education Management Office for exchange purpose