The RMIT School of Accounting is an Australian university

business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, o ...

located in

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...

Victoria Victoria most commonly refers to: * Victoria (Australia), a state of the Commonwealth of Australia * Victoria, British Columbia, provincial capital of British Columbia, Canada * Victoria (mythology), Roman goddess of Victory * Victoria, Seychelle ...

, which is responsible for

undergraduate Undergraduate education is education conducted after secondary education and before postgraduate education. It typically includes all postsecondary programs up to the level of a bachelor's degree. For example, in the United States, an entry-lev ...

and

postgraduate education Postgraduate or graduate education refers to Academic degree, academic or professional degrees, certificates, diplomas, or other qualifications pursued by higher education, post-secondary students who have earned an Undergraduate education, un ...

and

research Research is "creativity, creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis of evidence to increase understanding of a topic, characterized by a particular att ...

accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

RMIT University RMIT University, officially the Royal Melbourne Institute of Technology,, section 4(b) is a public research university in Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city ...

. The School was established in 1943 and its name was changed to the School of Accountancy (later Accounting) in 1948.

History

The first

accountancy Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ...

classes at RMIT were taught by A. G. Robinson, an accountant in private practice, who had conducted evening classes at his offices since the early 1930s to prepare students for the examinations of the various accountancy institutes of the time (predecessors to the Australian Society of Accountants; now

CPA Australia CPA Australia ("Certified Practising Accountant") is a professional accounting body in Australia founded in 1886. As of 31 December 2020, it has 168,736 members working in 150 countries and regions around the world. CPA Australia currently has 1 ...

). In 1934, Robinson approached the President of the Melbourne Technical College (as RMIT was then known), Frank Ellis, to transfer his existing classes to the College. Robinson began teaching classes at the College in March 1935 and by the end of 1936 had graduated over 40 qualified accountants. Following an objection to this arrangement by the

Victorian Victorian or Victorians may refer to: 19th century * Victorian era, British history during Queen Victoria's 19th-century reign ** Victorian architecture ** Victorian house ** Victorian decorative arts ** Victorian fashion ** Victorian literature ...

Department of Education An education ministry is a national or subnational government agency politically responsible for education. Various other names are commonly used to identify such agencies, such as Ministry of Education, Department of Education, and Ministry of Pub ...

in 1941, E. J. Edwards was then placed in charge of teaching accountancy at the College. Edwards established a Department of Commerce in 1943, which was advertising classes in

managerial Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities ...

and

industrial organisation In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the perfe ...

and accountancy by September that year. A four-year

diploma A diploma is a document awarded by an educational institution (such as a college or university) testifying the recipient has graduated by successfully completing their courses of studies. Historically, it has also referred to a charter or offici ...

course in accountancy was developed in 1944, which admitted graduates to the Commonwealth Institute of Accountants, and was administered by the College and the Institute. The Department's name was changed to the School of Accountancy in 1948 due to the majority of it studies being in that field. During this time the Department grew rapidly and, by 1948, had an enrolment of 1525 students in its accountancy diploma as well as its preparatory classes for the examinations of the Bankers' Institute of Australasia, Chartered Institute of Secretaries, Companies Auditors' Board and Municipal Auditors' Board. In 1952, the various accountancy institutes of the time, including the Commonwealth Institute of Accountants, amalgamated to form the Australian Society of Accountants and introduced a new joint examiner's board at the School which later served as a model for other schools in Victoria as well as other states of Australia. In 1950, the School was approached by the Real Estate and Stock Institute of Victoria (now REIV) to develop a

certificate Certificate may refer to: * Birth certificate * Marriage certificate * Death certificate * Gift certificate * Certificate of authenticity, a document or seal certifying the authenticity of something * Certificate of deposit, or CD, a financial pro ...

course in

real estate management Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) ...

and valuation and, by 1954, nearly all training for land valuers in Victoria was being conducted by the School. In 1954, the School was approached by the Institute of Public Administration to develop a certificate course in

public administration Public Administration (a form of governance) or Public Policy and Administration (an academic discipline) is the implementation of public policy, administration of government establishment (public governance), management of non-profit establ ...

which was later expanded to a diploma in 1956. Both of these courses would later break away from the School of Accounting to form the predecessors to RMIT's School of Global, Urban and Social Studies and School of Property, Construction and Project Management.

Courses and programs

RMIT began to accredit its own courses in the School of Accounting after the Australian Society of Accountants abandoned its policy of staged examination, in favour of admitting graduates from appropriate degrees and diplomas, in the 1960s—like other professional societies of the time in Australia. The School offers

bachelor's A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ye ...

and

master's degree A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

courses in accounting and

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

programs and a

Doctorate of Philosophy A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

in accounting. In 2016, the School was ranked among the top 100 in the world for accounting and finance subjects in the

QS World University Rankings ''QS World University Rankings'' is an annual publication of university rankings by Quacquarelli Symonds (QS). The QS system comprises three parts: the global overall ranking, the subject rankings (which name the world's top universities for the ...

Conferences

The School of Accounting hosts two annual

conferences A conference is a meeting of two or more experts to discuss and exchange opinions or new information about a particular topic. Conferences can be used as a form of group decision-making, although discussion, not always decisions, are the main pu ...

: the RMIT Accounting for Sustainability Conference in May and RMIT Accounting Educators Conference in November.Research—School of Accounting

. Retrieved May 26, 2017

References

Notes Works *

External links

School of Accounting
{{DEFAULTSORT:RMIT School of Accounting

Accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

Accounting schools Banking schools Business schools in Australia

History

Courses and programs

Conferences

See also

References

External links