1997 Swinburne Higher Education Handbook

Objectives
The general objective is to develop an understanding of
financial theory so that the student can evaluate the firm's
investment, financing and dividend decisions in keeping
with an objective of maximising shareholder wealth,
together with providing students with the means of applying
analytical techniques to solve a wide variety of problems
involving financial decisions.
Content
In particular, the topic coverage includes:
financial statement analysis;
financial markets and investment opportunities;
prediciting corporate failure
working capital management;
concepts of valuation;
cost of capital;
sources of finance;
capital structure and leverage;
business combinations.
Recommended reading
Bruce, R., McKern, B., Pollard, I. and Skully, M. Handbook of
Australian Corporate Finance. 5th edn, Sydney, Butterworths,
1994
Higgins, R.C. Analysis for Financial Managmat, Homewood,
Illinois, Irwin, 1995
Peirson, G.C., Bird, R.G., Brown, R. and Howard, P. Business
Finance, 6th edn, Sydney, McGraw-Hill, 1994
Weston, J.F. and Brigham, E.F. Essentials of Managerial Finance.
10th edn, Sydney, Dryden Press, 1993
BC612 Forecasting and the Planning Process
2 hours per week Hawthorn Prerequisite: this is a capstone
subject and assumes that students have completed all
compulsory subjects Asssessment: individual tutorial
presentation individual assignments from other courses.
Objectives
To provide the participant with an opportunity to
integrate knowledge gained from the other subjects taken
within the course by giving participants a proper
perspective of the role and importance of the modelling and
forecasting function of a corporate entity.
To introduce the major concepts and issues involved in
the development of a corporate plan and to develop the
role of modelling together with the decision making
process in the formulation of such a plan.
To allow participants, via a project within a articular
industry, to experience the process of corporate
planning - from the critical generation of the various
forecasts through to the final implementation.
To develop, from the corporate ~lan, a series of lower
level plans e.g. product development plan, capital
budgeting plan, using applicable database sources and
relevant forecasting methodologies.
Content
Corporate planning, the basics;
analysis of current position, development of corporate
goals/objectives, determination and analysis of
corporate strategies, development of corporate plan
through selection of appropriate strategies, integration plan
for planning subsets;
information requirements;
management information systems concepts, data base
implications, data sources, historic and projections,
environmental considerations;
application areas;
market analysis, financial modelling, budgeting and
technological implications.
Recommended reading
No set text. A selection of readings from the reference material.
BC701 Accounting for Management
2 hours per week Hawthorn Prerequisite: nil
Assessment: assignments, presentations, tests
A subject in the Master of Business Administration
Objed'ves
The aim of this subject is to develop the student's ability to
effectively use accounting information in the management of a
business.
More specific objectives include:
developing a framework of key concepts necessary for
the interpretation and use of accounting information;
developing the student's ability to identify and use
relevant information for particular management
functions and tasks;
developing the student's understanding of how
accounting information requirements vary with the
nature of the business.
This subject will be designed and taught so as to incorporate
the MBA's emphasis on the places of innovation, technology
and internationalism in business, and will link closely with
other subjects in the MBA.
Content
The outline of content below contains both a general
outline of content, which can be applied to any
organisation, and an indication of how this content will be
related to organisations influenced by the themes of
technology, innovation and internationalism that underlie
the MBA program.
General outline of content:
introduction to the role of accounting in management
and key concepts needed for an understanding of that
role - cash flow, revenue, expenses, income, assets,
liabilities, accounting reports and financial statements;
assessing performance - analysing profitability,
liquidity and lfaeverage and their relationship to the
nature of the business;
cash flow analysis;
costing, budgeting and control;
information and decision making;
management accounting and the new manufacturing
environment.
Swinburne University of Technology 1997 Handbook 275