1997 Swinburne Higher Education Handbook

Content
Topics covered include basic cost concepts, cost-volumepofit
analysis, cost allocation issues, budgeting, profitability
analysis, and the analysis of costs for decision making.
Throughout the subject students will be encouraged to
utilise . . micro-computer based techniques for solving
problems;
focus on the relevance of accounting information to
management ., information needs, and;
critically evaluate traditional management accounting
theory and practice against the contemporary literature
on activity-based costing and the new technologies.
Recommended reading
Hansen, D.R. and Mower, M.M. Cost Management, Cincinatti,
Ohio, South Western, 1995
Garrison, R.H. and Noreen, E.W., Managerial Accounting:
Concepts for Planning, Control and Decision Making. 7th edn,
Homewood, Illinois, Irwin, 1994
Horngren, C.T. , Foster, G. and Datar, S.M., Cost Accounting: A
Managerial Emphasis. 8th edn, Englewood Cliffs, N.J., Prentice
Hall, 1994
Longfield-Smith, K., Thorne, H. and Hilton, R.W. Management
Accounting: An Australian Perspective, Sydney, McGraw-Hill,
1995
Shillinglaw, G., Managerial Cost Accounting. 5th edn,
Homewood, Illinois, Irwin, 1982
BC223 Management Accounting 2
3 hours per week Hawthorn/Mooroolbark
Prerequisite: BCllO Accounting 1 and BC222 Management
Accounting 1 Assessment: examination/assignment
A subject in the Bachelor of Business
To understand the characteristics and purposes of the main
types of cost systems and how they provide information for
costing products and services, for measuring the
performance of managers and business segments and for
making strategic decisions.
Content
Topics covered include job order costing, process costing,
costing in the service industries, standard costing, product
costing and performance measurement in Just in Time
systems, performance evaluation of business units, profit
variance analysis and cost of quality programs.
Recommended reading
Hansen, D.R. and Mower, M. Cost Management, Cincinatti,
South-Western, Ohio, 1995
Horngren, C.T., Foster, G. and Datar, S.M. Cost Accounting: A
Managerial Emphasis. 8th edn, Englewood Cliffs, N.J., Prentice
Hall, 1994
Longfield-Smith, K., Thorne, H. and Hilton, R.W. Management
Accounting: An Australian Perspective, Sydney, McGraw-Hill,
1995
BC224 Financial Management 1
3 hours per week Hawthorn/Mooroolbark
Prerequisite: completion of all core subjects
Assessment: examination/assignments
A subject in the Bachelor of Business
Objectives
The objectives of this subject are:
to provide students with an understanding of the
concepts of corporate finance;
to develop in students the skills of analysis and
evaluation needed to apply the concepts of corporate
finance to financial management.
Content
The course is structured from the point of view of
orientating the student to the fundamentals of managing the
financing and investment aspects of a business and covers
the following specific topics
concepts of valuation;
evaluation and selection of investment projects;
cost of ca~ital: . ,
sources of finance and financial intermediaries;
dividend policy;
financing methods and impact on capital structure.
Recommended reading
Ross, S.A., et al., Fundamentals of Corporate Finance, Sydney,
Irwin, 1994
Hutchinson, P., et al., Financial Management Decisions, 1st Aust.
edn, Nelson, 1994
Bishop, S.R., et al., Corporate Finance. 3rd edn, Sydney, Holt,
flinehart and Winston, 1993
Breale~, R.A. and Myers, S.C., Principles of Corporate Finance,
4th edn, McGraw-Hill, 1991
Gitman, L.J., Principles of Managerial Finance, 7th edn, Harper
Collins, 1994
Peirson, G.,et a]., Business Finance, 6th edn, Sydney, McGraw-
Hill, 1995
BC225 Auditing
3 hours per week Hawthorn/~ooroolbark
Prerequisite: BC221 Corporate Accounting Aslieslimat:
examination/assignment
A subject in the Bachelor of Business
Objectives
The broad objective of this subject is to familiarise students
with the underlying concepts, objectives and reporting
function of the auditor. The subject deals with both ,
theoretical and practical aspects of auditing. The aim is to
integrate the concepts of auditing with practical approaches
taken by the auditor to ensure students gain a complete
picture bf the audit process.
Content
Theoretical topics studied include auditing methodology and
the formulation of auditing standards; audit independence;
the rights, duties and legal liability of auditors; ethical
considerations; the audit report and the concept of risk,
materiality and audit evidence, encompassing a review of
internal control structures and the attendant control risk.
Consideration is given to the impact of EDP auditing
techniques and different sampling methodologies. Students
are also introduced to the area of public sector auditing.
Swinburne University of Technology 1997 Handbook 269