1997 Swinburne Higher Education Handbook

Specifically, the course will:
familiarise students with recent court and
Administrative Appeals Tribunal decisions in the area of
income taxation;
develop research skills in students in relation to current
and landmark taxation cases;
introduce students to the com~lexities of taxation in
relation to various taxable entities;
with the aid of income tax rulings and the
aforementioned tax cases, develop in students an
understanding of the basic concepts of income, capital,
and the rules governing deductions;
It is recommended these students also complete LBL305
Advanced Taxation.
Content
Tonics covered include the nature of assessable income.
specific income types, source residency and derivation,
eligible termination payments, capital gains tax, fringe
benefits tax, allowable deductions and the provisions
relating to companies, partnerships, and individuals.
Recommended reading
Australian Income Tax Assessment: Act 1936, North Ryde,
N.S.W., CCH Australia Ltd.
Australian Master Tax Guide. North Ryde, NS. U%, CCH Australia
Ltd.
Barkoczy, S., Australian Tax Casebook, North Ryde, N.S.W.,
CCH Australia Ltd., 1993
Australian Federal Tax Reponer. CCH Australia Ltd.
Lehmann, G. and Coleman, C. Taxation Law in Australia. 3rd
edn, Sydney, Butterworths, 1994
O'Grady, G.W. and O'Rouke, K.J. Ryan's Manual of the Law of
Income Tax in Australia. 7th edn, Sydney, Law Book Company,
1989
Topical Tax Cases for Australians. Nonh Ryde, N.S.W., CCH
Australia Ltd., 1991
Australian Tax Handbook. Sydney, Butterworths
LBC302 Auditing
3 hours per week Lilydale Prerequistite: LBC2Ol
Assessment: assignment /examination
A stage 3 subject in the Bachelor of Business which also
maybe taken in the Bachelor of Social Science and Bachelor
of Applied Science.
p Objectives
E The subject aims to familiarise students with the underlying
concepts, objectives and reporting function of the auditor.
Q
The subject deals with both theoretical and practical aspects
3. 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 of the auditing process.
Content
Theoretical topics studied include auditing methodology and
the formulation of auditina standards; audit independence;
the rights, duties and legalliability of auditors; eihical
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.
Recommended reading
Auditing Student Manual, Swinburne University of Technology,
1997
Chartered Accountant and Australian Society of CPA's, Auditing
Handbook 1997, Vol 2
Gul, F.A., Teoh, H.Y. and Andrew, B.A., Tbeory and Practice of
Australian Auditing. 3rd edn, South Melbourne, Nelson, 1994.
Current auditing readings as required
LBC303 Strategic Cost Management
3 hoursper week Lilydale Prerequisite: LBC203 LBC204
Assessment: group cast studies and individual research essay
A stage 2 subject in the Bachelor of Business which also
maybe taken in the Bachelor of Social Science and Bachelor
of Applied Science.
Objectives
This is a final year subject designed to develop and integrate,
within a strategic framework, the planning, control and
decision-making techniques and skills introduced in
management accounting and financial management.
Content
The topics explored in this subject are developed within the
framework of an analysis of competitive strategy and the
role of strategic management accounting. Through the use
of the business case method, traditional approaches to
project planning, product costing, product and customer
profitability analysis and performance evaluation are
questioned and alternative contemporary approaches
evaluated.
Contemporary developments in manufacturing technology
and in the provision of services in the context of an
increased focus on quality, customer service and worlds best
practice in a global market place provide the context for a
critical evaluation of management accounting responses to
these challenges.
Recommended reading
Brinker, B.J. (ed.) Emerging Practices in Cost Management. Boston,
Warren, Gorman Lamont, 1993
Cooper, R. and Kaplan, R.S. Tbe Design of Cost Management
Systems. Englewood Cliffs, N.J., Prentice Hall, 1991
Ratnatunga, D. (ed.) Issues in Strategic Management Accounting.
Sydney, Harcourt Brace Jovanovich, 1993
Shank, J.K. and Govindarajan, V. Strategic Cost Management. The
Free Press 1993
Ward, K. Strategic Management Accounting. Butterworth,
Heinemann, 1992
Current journals, especially Journal of Cost Management and
Management Accounting
LBC304 Financial Management 2
3 hours per week Lilydale Prerequisite: nil but strongly
recommended that students should have completed or be
concurrently enrolled in LBC204 Assessment: examination/
assignments
A stage 3 subject in the Bachelor of Business which also
maybe taken in the Bachelor of Social Science and Bachelor
of Applied Science which may be counted towards either an
accounting major/minor or a finance minor.