1997 Swinburne Higher Education Handbook

particular, companies, unincorporated entities, trusts,
superannuation funds and primary producers. In addition
the subject will address in detail the taxation of capital gains
and fringe benefits tax as well as giving students an
introduction to the area of indirect taxation. Students will be
expected to develop a research oriented problem solving
approach to the subject which includes the following
specific topics.
unincorporated entities;
primary producers;
trusts, beneficiaries;
superannuation funds;
companies and dividend imputation;
capital gains tax;
fringe benefits tax;
administrative provisions;
current developments in taxation;
tax planning;
part IVA and tax avoidance;
international taxation;
sales tax.
Recommended reading
Income Tax Assessment: Act (1936 as amended)
Lehman, G. and Coleman, C. Taxation Law in Australia. 3rd edn,
Sydney, Butterworths, 1994
Australian Master Tax Gude. North Ryde, CCH Australia Ltd.
1997, or
Australian Tax Handbook 1997, North Ryde, Law Book Co. Ltd
Australian Federal Tax Reporter. North Ryde, CCH Australia Ltd
Australian Tax Cases. North Ryde CCH Australia Ltd.
BC337 Personal Investment
3 hours per week Hawthorn Prerequisite: none but
strongly recommended that students should have completed or
be concurrently enrolled in BC224 Financial Management 1
Assessment: examination/assignme&s
A subject in the Bachelor of Business
This subject may be counted towards either a finance major/
minor or an accounting major/minor.
Obiedives and Content
~ h purpose k of this subject is to help participants learn how
to manage their money and develop skills to be better able
to advise others in managing their investments. To achieve
this purpose it is necessary to learn about the investment
alternatives available today and more importantly, to
develop a way of thinking about investments that will
remain in the years ahead when new investment
opportunities arise as a result of the inevitable changes to
our financial system.
More specifically, the course objectives are:
to acquaint participants with the various avenues for the
investment of funds, including shares, fixed-interest
securities and property;
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to review the impact of taxation on investment
planning;
to consider the fundamental principles of modern
portfolio theory;
to consider the process of portfolio selection and
. .
ongolng investment strategies;
to review the characteristics of financial futures and
options and how they may be used to modify the riskreturn
profile of investment portfolios.
Recommended reading
Carew, E. Fast Money 3. Sydney, Allen & Unwin, 1991
Francis, J.C. Management of Investments. 3rd edn, New York,
McGraw-Hill, 1993
Haugen, R.A. Modm Investment Theory, 3rd edn, Prentice Hall,
1993
Reilly, F.K. Investment Analysis and Portfolio Management. 4th
edn, Chicago, Dryden Press, 1994
Sharpe, W.F. and Alexander, G.J., Investments. 4th edn,
Englewood Cliffs, N. J., Prentice Hall, 1990
Winger, B. and Frosca, R. R. Investments, 3rd edn, Prentice Hall,
1995
BC400 Accounting Honours
Students should seek advice from the appropriate
Accounting staff when formulating their discipline-specific
course of study and their research project proposal.
To encourage a multi-discipline approach, students may,
subject to approval, undertake selected honours level
coursework subjects from other schools, divisions, or
institutions provided that they show the relevance of these
coursework subjects to their proposed area of research. Such
arrangements are subject to the student having any necessary
prerequisite studies and may be subject to any quotas
imposed on these subjects by the offering School.
Students must submit their proposal to the Accounting
Honours Convener for approval prior to the
commencement of their honours program. Approval for a
student's discipline-specific course of study and research
project proposal shall be subject to the availability of any
necessary resources and the availability of appropriate staff
supervision.
Advanced Accounting
This subject is designed to broaden the student's
understanding and awareness of contemporary issues in
accounting and to provide the student with an opportunity
to undertake in-depth study of the relevant theoretical
concepts and techniques in a variety of accounting areas.
Attention will be given to the application of accounting
developments in different sectors of the local and
international economy and to the impact of rapid
technological and organisational change on accounting.
Issues of current concern in the areas of finance,
management accounting, tax, auditing, reporting,
behavioural accounting and the profession may be included.
Students will be required, with guidance, to research selected
topics and make presentations to the class and to attend and
participate fully in a series of seminars conducted by staff.
Accounting Honours Research Project
Students will be required to undertake a substantial research
project, with individual and group supervision, on a research