Please note - Swinburne University of Technology
Please note - Swinburne University of Technology
Please note - Swinburne University of Technology
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The subject makes extensive use <strong>of</strong> audit oriented s<strong>of</strong>tware<br />
packages.<br />
Textbooks<br />
Weber, R. EDP: Conceptual Foundations and Practice. 2nd edn, New<br />
York, McGraw-Hill, 1988<br />
Current journals and articles<br />
~ ~ 3 3 4 Financial Accounting<br />
No. <strong>of</strong> hours per week: three hours<br />
Prerequisites: BC221 Corporate Accounting and<br />
BC330 Accounting Theory<br />
Instruction: classes<br />
Assessment: examinationlassignment<br />
This subject is most relevant to students planning to enter (or<br />
already in) the employment fields <strong>of</strong> chartered accounting or<br />
-<br />
u<br />
financial accounting in industry.<br />
-.<br />
1. Subject aims<br />
g. The aims <strong>of</strong> Financial Accounting are:<br />
to study in depth some <strong>of</strong> the more advanced issues and<br />
% problems from areas introduced in Corporate<br />
6.<br />
Accounting;<br />
to make students aware <strong>of</strong> a selection <strong>of</strong> contemporary<br />
W VI<br />
financial accounting issues and to study these issues<br />
I from both theoretical and practical viewpoints;<br />
C -<br />
to apply the conceptual framework studied in<br />
1. Accounting Theory in evaluation <strong>of</strong> the abovementioned<br />
CT<br />
3 contemporary financial accounting issues.<br />
OI<br />
2 Subject description<br />
The conceptual framework; accounting information and<br />
g. share prices; aspects <strong>of</strong> group accounting; accounting for<br />
L government enterprises; cash flow accounting; financial<br />
forecasts; tax effect accounting; accounting and ethics;<br />
international accounting standards; and regulation; and<br />
contemporary financial accounting issues.<br />
The syllabus is flexible to allow new financial accounting<br />
issues which emerge to replace topics <strong>of</strong> less relevance.<br />
References<br />
Henderson, M.S. and Peirson, G. Issues in FinancialAccounting.<br />
6th edn, Melbourne, Longman Cheshire, 1994<br />
Leo, K.J., Lambert, C.J. and Sweeting, J.W. Advanced Company<br />
Accounting. Brisbane, Wiley, 1991<br />
Various current Exposure Drafts and Standards issued by the<br />
Australian Accounting Research Foundation and the Australian<br />
Accounting Standards Board<br />
~ ~ 3 3 5 Financial Management 2<br />
No. <strong>of</strong> hours per week: three hours<br />
No prerequisites but strongly recommended that<br />
students should have completed or be<br />
concurrently enrolled in BC224 Financial<br />
Management I<br />
Instruction: classes<br />
Assessment: examinationlassignments<br />
Subject aims and description<br />
The purpose <strong>of</strong> this subject is to help participants learn how<br />
to manage their money and develop the skills to be better<br />
able to advise others in managing their investments. To<br />
achieve this purpose it is necessary to learn about the<br />
investment alternatives available today and more important,<br />
to develop a way <strong>of</strong> thinking about investments that will<br />
remain in the years ahead when new investment<br />
opportunities arise as a result <strong>of</strong> the inevitable changes to our<br />
financial system.<br />
More specifically, the course objectives are:<br />
to acquaint participants with the various avenues for the<br />
investment <strong>of</strong> funds, including shares, fixed-interest<br />
securities and property;<br />
to review the impact <strong>of</strong> taxation on investment planning;<br />
to consider the fundamental principles <strong>of</strong> modern<br />
portfolio theory;<br />
to consider the process <strong>of</strong> portfolio selection and<br />
ongoing investment strategies;<br />
to review the characteristics <strong>of</strong> financial futures and<br />
options and how they may be used to modify the riskreturn<br />
pr<strong>of</strong>ile <strong>of</strong> investment portfolios.<br />
References<br />
Carew, E. Fast Money 3. Sydney, Allen & Unwin, 1991<br />
Francis, J.C. Management <strong>of</strong> Investments. 3rd edn, New York,<br />
McGraw-Hill, 1993<br />
Haugen, R.A. Modern Investment Theorx 3rd edn, Prentice Hall,<br />
1993<br />
Reilly, F.K. Investment Analysis and Portfolio Management 3rd edn,<br />
Chicago, Dryden Press, 1989<br />
Sharpe, W.F. Alexander, Investments. 4th edn, Englewood Cliffs, N. J.,<br />
Prentice Hall, 1990<br />
BC336<br />
Advanced Taxation<br />
NO. <strong>of</strong> hours per week: three hours<br />
Prerequisite: BC331 Taxation<br />
Instruction: lectureltutorial<br />
Assessment: examination/assignment<br />
Subject aims and description<br />
This is a final year subject designed for students who require<br />
additional experience <strong>of</strong> taxation issues. The objective <strong>of</strong> the<br />
subject is to acquaint students with the areas <strong>of</strong> taxation <strong>of</strong><br />
practical utility by concentrating on the taxation implications<br />
<strong>of</strong> various taxable entities, in particular, companies,<br />
unincorporated entities, trusts, superannuation funds and<br />
primary producers. In addition the subject will address in<br />
detail the taxation <strong>of</strong> capital gains and fringe benefits tax.<br />
Students will be expected to develop a research-oriented<br />
problem-solving approach to the subject which includes the<br />
following specific topics:<br />
unincorporated entities<br />
primary producers<br />
trusts, beneficiaries (including children's income)<br />
superannuation funds<br />
companies and dividend imputation<br />
current developments in taxation<br />
capital gains tax<br />
fringe benefits tax<br />
administrative provisions<br />
tax planning<br />
part IVA and tax avoidance<br />
international taxation<br />
References<br />
Australian Federal Tax Reporter. Vols. 1-9, North Ryde, CCH Australia<br />
Ltd.<br />
Australian Tax Cases. North Ryde: CCH Australia Ltd.<br />
Australian Master Tax Guide. North Ryde, CCH Australia Ltd. 1994<br />
Income Tax Assessment Act (1 936 as amended)<br />
Lehman, G, and Coleman, C. Taxation Law in Australia. 3rd edn,<br />
Sydney, Butterworths, 1994