2002 Swinburne TAFE Handbook - Swinburne University of ...

220 I Subject Details
Consignment accounting.
Recording of investments.
NAP712
Company Accounting and
Financial Statements
50 -60 nominal Hours· Prerequisite: NAP711
Aims & Objectives
Provide the participant with a knowledge of accounting standards, procedures and
concepts as they apply, principally, to limited liability companies.
Content
Types of companies, formation, documentation and statutory records.
Share and Debenture issues.
Conversions to a company.
Reserves, provisions, tax effect accounting.
Statement of Cash Flows.
Company financial statements.
Consolidated accounts.
NAP713
Company Accounting Advanced
40 -45 nominal Hours· Prerequisite: NAP712
Aims & Objectives
Provide the participant with the knowledge and skills to apply accounting techniques to
a range of advanced company applications.
Content
Share capital alterations.
Goodwill valuation.
Amalgamations, takeovers, absorptions.
Liquidations and receivership.
Consolidated accounts - minorities including indirect minorities.
NAP714
Accounting Applications Advanced
15 -20 nominal Hours· Prerequisite: NAP712
Aims & Objectives
Provide the participant with the knowledge and skills to apply accounting techniques to
a range of advanced commercial applications.
Content
Foreign currency transactions.
Jointventures.
Extractive industries.
Construction accounting.
NAP715
50 - 60 nominal Hours· Prerequisite: Nil
Aims & Objectives
Public Sector Accounting and
Finance
Provide participants with the knowledge ofthe structure and functions of accounting
systems for government departrnents, statutory authorities and government business
enterprises atthe federal, state and local government level.
The learner will describe government budgetary processes and analyse the framework
dealing with appropriations and control of government expenditures. The learner will
also examine current issues in the public sector specifically dealing with full financial
accounting and the accountability of government.
Content
The structre and functions of public sector finance in Australia.
Constitutional financial arrangements.
Parliamentary financial procedures.
Facets of control and accountability.
Sources of control of government revenue.
Appropriations, forward commitments and expenditure control.
Financial reporting (cash and accrual), including application of Australian Public
Sector Accounting Standards.
Full financial accounting in government.
Commonwealth-state relationships.
Local governmentiinancial administration and accounting.
Territorial government finances.
NAP716
Issues in Accounting
50 -60 nominal Hours· Prerequisite: NAP712
Aims & Objectives
Provide the participant with the knowledge and skills to analyse topical accounting
issues.
Content
What is 'Profit'?
What does 'True' and 'Fair' mean?
Discuss the Conceptual Framework and Statements of Accounting Concepts.
Valuation of Assets and Liabilities.
International Accounting Standards.
How Accounting Standards are established or revised.
Accounting for Human Resources.
Social Accounting.
Role of External Auditors: Statutory v Public Perception; Limited Liability of
External Auditors; Relationship with Internal Auditors.
Corporatisation/privatisation of the Public Sector (awareness).
Recenttopical Accounting issues.
NAP717
Internal Control Principles
50 -60 nominal Hours· Prerequisite: NAP711
Aims & Objectives
Provide the participant with the knowledge and skills to devise and evaluate accounting
systems and related internal controls, and to understand the role ofthe external auditor.
Content
Internal Control. concepts and systems.
Accounting Sytems and Internal Controls.
EDP internal control issues.
The Internal Auditor and the process of Internal Auditing.
External Auditors.
External Audit - not-for-profit organisations.
Operational auditing.
Ethics.
NAP718
External Audit Procedures
50 -60 nominal Hours· Prerequisite: NAP71?, NAP75{ NAP712
Aims & Objectives
Provide the participant with knowledge and skills to plan external audits, draw up audit
programs and undertake external audit procedures.
Content
Statutory rules and liability of external auditors.
Statement of Auditing Standards AUS 1.
Acceptance and planning ofthe external audit.
Systems-based auditing and compliance testing.
Substantive testing.
Swinburne University of Technology I TAFE Handbook 2002