1996 Swinburne Higher Education Handbook

the solution of practical problems;
to develop student awareness of contemporary issues in
the practice of financial accounting; by reference to
actual situations where appropriate;
to develop students' independent research skills by the
assignment of research areas within the course;
to develop student awareness of the interrelationship
between corporate accounting and corporate law.
Content
The subject covers the following areas:
share capital and other forms of finance;
business combinations, including amalgamations,
mergers and takeovers;
group accounting. Particular emphasis is placed on this
topic. It includes the preparation of consolidated
accounts, equity accounting and joint ventures;
availability . of - profits for distribution;
presentation of financial reports including Fifth
Schedule and Accounting - Standards requirements;
reconstruction and company liquidation.
Recommended reading
Australian Corporations and Securities Legislation, 5th edn,
Accounting/Auditing Statements 1995
ASCPA or ICAA BC221 Corporate Accounting Student Manual,
Swinburne, 1993
Leo, K.J. and Hoggett, J.R. Company Accounting in Australia. 3rd
edn, Brisbane, Wiley, 1993
Clift. R.C. Cornorate Accounting. 4th edn, New York, Prentice
all,' 1993
A
Johnston, T.R., Jager, M.O. and Taylor, R.B. The Law and
Practice of Combanv Accounting in Australia. 6th edn, Sydney,
.
BC222 Management Accounting 1
3 hours per week .Hawthorn/Mooroolbark
Prerequisite: BC1 l0 Accounting 1 Assessment: test 35%,
final exam 65%
A second year subject in the Bachelor of Business
Objectives
To introduce students to the role of accounting in the
planning and decision-making functions of the management
process.
Content
Topics covered include basic cost concepts, cost-volumeprofit
analysis, cost allocation issues, budgeting, profitability
analysis, and the analysis of costs for decision making.
Throughout the subject students will be encouraged to
utilise micro-computer based techniques for solving
~roblems;
focus on the relevance of accounting information to
management information needs, and;
critically evaluate traditional management accounting
theory and practice against the contemporary literature
on activity-based costing and the new technologies.
Recommended reading
Hansen, D.R. and Mower, M.M. Management Accounting. 3rd
edn, Cincinatti, Ohio, South Western, 1994
Garrison, R.H. and Noreen, E.W., Managerial Accounting:
Concepts for Planning, Control and Decision Making. 7th edn,
Homewood, Illinois, Irwin, 1994
Hitton, R.W. Managerial Accounting. 2nd edn, New York,
McGraw-Hill, 1994
Horngren, C.T. , Foster, G. and Datar, S.M., Cost Accounting: A
Managerial Emphasis. 8th edn, Englewood Cliffs, N.J., Prentice
Hall, 1994
Shillinglaw, G., Managerial Cost Accounting. 5th edn,
Homewood, Illinois, Irwin, 1982
BC223 Management Accounting 2
3 hours per week Hawthom/Mooroolbark
Prerequisite: BC1 l0 Accounting l and BC222 Management
Accounting l Assessment: examination/assignment
A subject in the Bachelor of Business
Objectives
To understand the characteristics and purposes of the main
types of cost systems and how they provide information for
costing products and services, for measuring the
performance of managers and business segments and for
making strategic decisions.
Content
Topics covered include job order costing, overhead and
activity based costing, process costing, costing in the service
industries, standard costing, product costing and
performance measurement in Just in Time systems,
performance evaluation of business units, transfer pricing
and cost of quality programs.
Recommended reading
Hansen, D.R. and Mower, M. Management Accounting. 3rd edn,
Cincinatti, South-Western, Ohio, 1994
Horngren, C.T., Foster, G. and Datar, S.M. Cost Accounting: A
Managerial Emphasis. 8th edn, Englewood Cliffs, N.J., Prentice
Hall, 1994
BC224 Financial Management 1
3 hours per week Hawthom/Mooroolbark
Prerequisite: completion of all core suhects
Assessment: examination/assignments
A subject in the Bachelor of Business
0 b jectives
The objectives of this subject are:
to provide students with an understanding of the
concepts of corporate finance;
to develop in students the skills of analysis and
evaluation needed to apply the concepts of corporate
finance to financial management.
Content
The course is structured from the point of view of
orientating the student to the fundamentals of managing the
financing and investment aspects of a business and covers
the following specific topics
concepts of valuation;
evaluation and selection of investment projects;
cost of capital;