1996 Swinburne Higher Education Handbook

sources of finance and financial intermediaries;
dividend policy;
financing methods and impact on capital structure.
Recommended reading
Ross, S.A., et al., Fundamentals of Colporate Finance, Sydney,
Irwin, 1994
Hutchinson, P., et al., Financial Management Decisions, 1st Aust.
edn, Nelson, 1994
Bishop, S.R., et al., Corporate Finance. 3rd edn, Sydney, Holt,
Rinehart and Winston, 1993
Brealey, R.A. and Myers, S.C., Principles of Corporate Finance,
4th edn, McGraw-Hill, 1991
Gitrnan, L.J., Principles of ManagPrial Finance, 7th edn, Harper
Collins, 1994
Peirson, G.,et al., Business Finance, 6th edn, Sydney, McGraw-
Hill, 1995
BC225 Auditing
3 hours per week Hawthorn/~ooroolba~k
Prerequisite: BC221 Corporate Accounting Assessment:
mmination/assignment
A subject in the Bachelor of Business
0 b jectives
The broad objective of this subject is to familiarise students
with the underlying concepts, objectives and reporting
function of the auditor. The subject deals with both
theoretical and practical aspects 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 audit process.
Content
Theoretical topics studied include auditing methodology and
the formulation of auditing standards; audit independence;
the rights, duties and legal liability of auditors; ethical
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
Gul, F.A., Teoh, H.Y. and Andrew, B.A., Theory and Practice of
Australian Auditing. 3rd edn, South Melbourne, Nelson, 1994
Auditing Student Manual, Swinburne University of Technology,
1996
Chartered Accountant and Australian Society of CPAs, Auditing
Handbook 1996, V012
BC226 Risk Analysis and Finance Theory
3 hours per week Hawthorn Prerequisite: BC224
Financial Management l Assessment: To be advised.
A subject in the Bachelor of Business
Objectives and Content
To provide students with an understanding of:
the concept and sources of corporate risk;
the need for financial risk management techniques;
financial instruments available and appropriate to
manage - different risks;
evaluating project risk, business aquisitions, mergers and
divestitures.
Recommended reading
Ross, S.A., et al. Fundamentals of Corporate Fimnce, Sydney,
Irwin. 1994.
BC330 Accounting Theory
3 hours per week Hawthorn/Mooroolbark
Prerequisite: All second year subjects required for
professional accounting recognition Assessment:
examination/essay/tutorial pwforrnance/test
A subject in the Bachelor of Business
Objectives and Content
The objectives of this subject are:
to examine the development of theory accounting and
the methodology used by accounting theorists;
to describe and critically analyse a framework of
accounting concepts including assets, liabilities and
income;
to use the methodology and the framework developed
in the subject to study specific issues in financial
accounting including the development of accounting
standards, agency theory, current cost accounting ethics
and accounting for income tax, intangibles, mining and
foreign currency translation.
Although the subject is concerned with theory, considerable
use is made of practical problems in parts of the course to
illustrate the application of theory.
Recommended reading
Henderson, M.S. and Peirson, G. Issues in Finuncd Accounting.
6th edn, Melbourne, Longman Cheshire, 1994
Godfre~, J. et al., Accounting Theory, 2nd edn, Brisbane, Wiley,
1994
Henderson, M.S., Peirson, G. and Brown, R. Financial
Accounting Theory, Its Nature and Development. 2nd edn,
Melbourne, Longman Cheshire, 1992
Matthews, M. and Perera, M. Accounting Theory & Dewlopment.
2nd edn, Melbourne, Nelson, 1993
Whittred, G. and Zimmer, I. Financial Accounting Incentive
Effects & Economic Consequences. 3rd edn, Sydney, Holt, Rinehart
and Winston, 1992
BC331 Taxation
3 hours per week Hawthorn/Mooroolbark
Prerequisite BC221 Corporate Accounting Assessment:
examination/assignments
A subject in the Bachelor of Business
Objectives
The overall course objective is to develop in students an
understanding of the Income Tax Assessment: Act, 1936, as
amended, together with those acts which are complementary
to the Assessment: Act.
Specifically, the course will:
familiarise students with recent court and Administrative
Appeals Tribunal decisions in the area of income taxation;