An undergraduate degree is your first degree or diploma, and may include Honours. Honours is a fourth year of study that continues from a three-year undergraduate degree. It's a one-year specialisation related to your undergraduate study.
There are two ways of doing an Honours degree; an extra year after completing your Bachelor degree, or direct entry into a four-year combined bachelor and honours degree.
Honours is a qualification that demonstrates your capacity to undertake study at an advanced level in your area.
It will help you progress to doing a research higher degree and help your chances of getting a research higher degree scholarship. Even if you're not interested in further study, an Honours degree will help your job prospects.