1997 Swinburne Higher Education Handbook

Prerequisites
Students must have passed prerequisites listed for each
subject and must check that they have fulfilled prerequisite
requirements before enrolling. Subject conveners
must be consulted if students wish to enrol in a subject for
which they do not have the stated requisite.
IBL
For information about Industry Based Learning and Cooperative
Eucation please see the section at the begining of
this chapter.
Further information
For further inforamtion please contact the Course
Administrator Vicki Ryan on (03) 9214 5096.
Accounting
Accounting is the basic language of business. The
accounting subjects offered by the School of Commerce
cover the many different aspects that accounting embraces
in today's business activities. The overall emphasis is on
providing information and analytical tools which improve
the decision-making process throughout the organisation.
Stage one accounting gives students an overview of
accounting from a user's perspective: how to read and
analyse accounting reports. Accounting information is an
important basis on which many decisions in all areas of
business are made.
Stage two units introduce both the process of creating
accounting reports and developing other accounting
information for decision-making. Students learn to use a
variety of analytical tools and recording processes. Subjects
cover a range of areas from accounting as a business
information system, to developing information to assist
the marketing, purchasing, production and administrative
functions, through to financ~al management of the firm.
In stage three, subjects can be taken which provide students
with additional analytical tools used in decision-making in
a wide variety of business problems. In addition, further
specialist subjects in tax, auditing, financial reporting and
personal investment can be studied.
Some accounting subjects can be counted towards an
accounting major or minor, or towards a finance major or
minor (but not both at the same time).
Some students will undertake accounting studies as an
essential adjunct to a career in business. An accounting
background is of great benefit to those seeking careers in
general management. Other students will wish to pursue a
career in accounting, and choosing the appropriate
combination of subjects will allow them to become members
of the professional accounting bodles: the Australian Society
of Certified Practising Accountants and the Institute of
Chartered Accountants. Swinbume accounting qualifications
are recognised both in Australia and overseas.
Students with accounting majors or minors find rewarding
work in industry, commerce, the public sector, the
financial industry or business consulting. Students who
undertake a course leading to professional accounting
qualifications may work in any of these areas and in
addition may work in public accounting.
Stage one (core subject)
BCllO Accounting 1
Stage two
BC220 Accounting 2 (A)
BC221 Corporate Accounting (A)
BC222 Management Accounting 1 (A)
BC223 Management Accounting 2 (A)
BC224 Financial Management 1 (A)
BC225 Auditing (A)
BC227 Financial Risk Management (formerly BC226
Risk Analysis and Financial Theory)
BPOOl Financial Accounting Pathways
BP002 Management Accounting Pathways
Stage three (Accounting stream continued)
BC330 Accounting Theory (A)
BC331 Taxation (A)
BC332 Strategic Cost Management
BC333 EDP Auditing
BC334 Financial Accounting
BC336 Advanced Taxation
BC337 Personal Investment (formerly BC335 Financial
Management 2 )
Note: BPOOl Financial Accounting Pathways and
BPOO2 Management Accounting Pathways are only
available to students who have completed an Associate
Diploma of Business (Accounting).
(A) Mandatory subjectsfor profesional recognition by
ASCPA or IU
Business Low
The business law maior will ~rovide students with the
knowledge necessary to appreciate the impact law has on
the business environment. With the increasing legal
regulation of society it is essential that students are aware
of the factors which either encourage or inhibit business
activities.
The core subject, Legal Environment of Business,
introduces students to basic legal concepts and important
areas of business law. The subject concentrates on the
interrelationship of law, business and society. A wide range
of electives deal with various aspects of business law
including: contract; company; marketing; employment;
international trade; retailing; finance and computing law.
Law subjects emphasise skills such as the ability to
understand arguments, to manipulate abstract concepts and
to communicate verbally and in writing. These skills
highlight the vocational value of law subjects to students.
While not leading to a legal qualification, a business law major
can lead to a range of careers and positions in insurance,
banking, finance and the public sector. Legal knowledge
would be valuable to a property officer, accountant, trust
officer/administrator, company legal officer, company
secretary or local government administrator.
Swinburne University of Technology 1997 Hand book 8 7