Commerce Breadth

[brightsky]

What do you guys think is the best commerce subject to do as a breadth in first year? (I am aware that this is a pretty ambiguous question, but just looking for a couple of opinions from past students on the matter...)

[vcestudent94]

What do you guys think is the best commerce subject to do as a breadth in first year? (I am aware that this is a pretty ambiguous question, but just looking for a couple of opinions from past students on the matter...)

Would you prefer more theory-orientated finance subjects? Or a little more maths-orientated?

[brightsky]

I'm looking to do a commerce breadth that will prove somewhat useful in the future. I'm not too fussed whether the subjects are theory-oriented or maths-oriented. I've had a browse through the handbook, and I saw a couple of commerce subjects which looked rather interesting, such as Introductory Actuarial Studies, but I don't know how useful such a subject will prove to be later down the track. Is there a subject that introduces general concepts related to economics?

(Sorry if all these remarks and questions come across as a little puerile. I have had basically zero exposure to commerce, but it is a field which I feel I need to explore at least to some extent.)

Thanks so much!

[abcdqdxD]

I'm looking to do a commerce breadth that will prove somewhat useful in the future. I'm not too fussed whether the subjects are theory-oriented or maths-oriented. I've had a browse through the handbook, and I saw a couple of commerce subjects which looked rather interesting, such as Introductory Actuarial Studies, but I don't know how useful such a subject will prove to be later down the track. Is there a subject that introduces general concepts related to economics?

(Sorry if all these remarks and questions come across as a little puerile. I have had basically zero exposure to commerce, but it is a field which I feel I need to explore at least to some extent.)

Thanks so much!

Try ECON10004 (Intro Microeconomics)

[TrueTears]

I'm looking to do a commerce breadth that will prove somewhat useful in the future. I'm not too fussed whether the subjects are theory-oriented or maths-oriented. I've had a browse through the handbook, and I saw a couple of commerce subjects which looked rather interesting, such as Introductory Actuarial Studies, but I don't know how useful such a subject will prove to be later down the track. Is there a subject that introduces general concepts related to economics?

(Sorry if all these remarks and questions come across as a little puerile. I have had basically zero exposure to commerce, but it is a field which I feel I need to explore at least to some extent.)

Thanks so much!

Don't bother with the actuarial subjects. Microeconomics will suit your tastes very well.

[scribble]

haha im pretty sure you DON'T want to take intro to actuary as breadth.

micro is popular, all the people i know who've taken it have #noregrets

[Planck's constant]

Consider the sequence:

FNCE10001 Finance 1
FNCE20001 Business Finance
FNCE30002 Corporate Finance

[vcestudent94]

I'm looking to do a commerce breadth that will prove somewhat useful in the future. I'm not too fussed whether the subjects are theory-oriented or maths-oriented. I've had a browse through the handbook, and I saw a couple of commerce subjects which looked rather interesting, such as Introductory Actuarial Studies, but I don't know how useful such a subject will prove to be later down the track. Is there a subject that introduces general concepts related to economics?

(Sorry if all these remarks and questions come across as a little puerile. I have had basically zero exposure to commerce, but it is a field which I feel I need to explore at least to some extent.)

Thanks so much!

Yeah you prob wouldn't want to do intro to actuarial, a lot of people tend to hate it. But if you want, I can send you the lecture notes for it and a finance 1 when I get on the computer.

[jtvg]

Interested in Accounting? Try ACCT10001 Accounting Reports and Analysis. ARA provides a pretty good snapshot of what happens in businesses and teaches you how to analyse financial statements. i've got a bunch of friends from Science who took it as breadth - some were happy, some didn't like it at ALL.

[abcdqdxD]

Interested in Accounting? Try ACCT10001 Accounting Reports and Analysis. ARA provides a pretty good snapshot of what happens in businesses and teaches you how to analyse financial statements. i've got a bunch of friends from Science who took it as breadth - some were happy, some didn't like it at ALL.

I probably wouldnt recommend ARA as breadth unless you have a special interest in accounting..

[qqla]

Interested in Accounting? Try ACCT10001 Accounting Reports and Analysis. ARA provides a pretty good snapshot of what happens in businesses and teaches you how to analyse financial statements. i've got a bunch of friends from Science who took it as breadth - some were happy, some didn't like it at ALL.

Don't take ARA. You'll want to kill yourself. IM is by far the better choice...

[brightsky]

Thanks for the replies! Much appreciated!

Try ECON10004 (Intro Microeconomics)

Don't bother with the actuarial subjects. Microeconomics will suit your tastes very well.

haha im pretty sure you DON'T want to take intro to actuary as breadth.

micro is popular, all the people i know who've taken it have #noregrets

Yeah, Intro Micro does sound pretty interesting. Would you guys recommend Intro Micro for Sem 1 and then Intro Macro for Sem 2? Has anyone here done Intro Micro before? How did you guys find it? Were the lecturers any good?

Consider the sequence:

FNCE10001 Finance 1
FNCE20001 Business Finance
FNCE30002 Corporate Finance

What exactly is finance and how does it differ from micro and macro? I want to learn more about how businesses are run and how the economy actually works. Would the sequence above allow me to do that?

Interested in Accounting? Try ACCT10001 Accounting Reports and Analysis. ARA provides a pretty good snapshot of what happens in businesses and teaches you how to analyse financial statements. i've got a bunch of friends from Science who took it as breadth - some were happy, some didn't like it at ALL.

If VCE Accounting as anything to go by, then I don't think I'm particularly interested in Accounting. I have a friend who did Accounting in Year 12 this year, and the stuff he did looked pretty dull (no offence to all the Accounting lovers out there!). But I'm curious: what exactly is the difference between Accounting, Finance, and Economics?

Thanks for all the help!

[sluu001]

You wont learn how businesses are run through a university course. You pick it up by taking up a pt job and learning through that - stick to a small to medium sized company and youll be guaranateed to see both the financial and operational aspects of a business.

Like it or not, having good knowledge of accounting is the fundemental in running a good business. Most businesses fail because the owners have little knowledge of how much they earn and what their expenses are - an this fail from a lack of cashflow. And most small businesses cannot afford to employ an in-house accountant/book-keeper to keep track of this. (So if you are interested in running a small business afterwards, accouting is your best option - even if literally no one finds the discipline appealing - me as an accounting student included).

If you want to understand how the economy works; and even gain some theoretical on how firms and individuals make any type of economic decision (this includes business decisions) and negotiate with each other - then micro and macro will help. Again however, it is still no substitute for real world experience in terms of what one needs to do to run a business.

[spectroscopy]

finance is the allocation of assets and liabilities over time under conditions of certainty and uncertainty.
whereas economics is answering the question of how to allocate limited resources to unlimited wants/needs to improve quality of life.
 accounting, is the production of financial records about an organization

[sluu001]

Financial accounting is about the production of financial records for organisations (ie. traditional Stewardship role).

However, Management Accounting is about making strategic decisions based on financial and other unquantifiable data available. (ie. essentially a Managerial role) This aspect of accounting is probably the most beneficial for individuals looking to run their own business.

ARA won't teach you the management aspects of Accounting; however it is the prerequisite subject to management accounting subjects which DOES. (ie. APA, Cost Mgmt, IFA)