1996 Swinburne Higher Education Handbook

to apply the conceptual framework studied in
Accounting Theory in evaluation of the
abovementioned contemporary financial accounting
issues.
Content
The conceptual framework; accounting information and
share prices; aspects of group accounting; accounting for
government enterprises; cash flow accounting; financial
forecasts; tax effect accounting; accounting and ethics;
international accounting standards; and regulation; and
contemporary financial accounting issues.
The syllabus is flexible to allow new financial accounting
issues which emerge to replace topics of less relevance.
Recommended reading
Henderson, M.S. and Peirson, G. Issues in Financial Accounting.
6th edn, Melbourne, Longman Cheshire, 1994
Leo, K.J., Lambert, C.J. and Sweeting, J.W. Advanced Company
Accounting. Brisbane, Wiley, 1991
Various current Exposure Drafts and Standards issued by the
Australian Accounting Research Foundation and the Australian
Accounting Standards Board
BC335 Financial Management 2
5 3 hours per week Hawthorn Prerequisite: none but
H strongly recommended that students should have completed or
a be concurrently enrolled in BC224 Financial Management 1
, Assessment: examination/assignments
" A subject in the Bachelor of Business
Objectives and Content
The purpose of this subject is to help participants learn how
to manage their money and develop skills to be better able
to advise others in managing their investments. To achieve
this purpose it is necessary to learn about the investment
alternatives available today and more importantly, to
develop a way of thinking about investments that will
remain in the years ahead when new investment
opportunities arise as a result of the inevitable changes to
our financial system.
More specifically, the course objectives are:
to acquaint participants with the various avenues for the
investment of funds, including shares, fixed-interest
securities and property;
to review the impact of taxation on investment
planning;
to consider the fundamental principles of modern
portfolio theory;
to consider the process of portfolio selection and
ongoing investment strategies;
to review the characteristics of financial futures and
options and how they may be used to modify the riskreturn
profile of investment portfolios.
Recommended reading
Carew, E. Fast Money 3. Sydney, Allen & Unwin, 1991
Francis, J.C. Management of Investments. 3rd edn, New York,
McGraw-Hill, 1993
Haugen, R.A. Modem Investment Theory, 3rd edn, Prentice Hall,
1993
Reilly, F.K. Investment Analysis and Portfolio Management. 4th
edn, Chicago, Dryden Press, 1994
Sharpe, W.F. and Alexander, G.J., Investments. 4th edn,
Englewood Cliffs, N. J., Prentice Hall, 1990
BC336 Advanced Taxation
3 hours per week Hawthorn .Mooroolbark
Prerequisite: BC331 Taxation Assessment: examination/
assignment
A subject in the Bachelor of Business
Objectives and Content
This is a final year subject designed for students who require
additional experience of taxation issues. The objective of the
subject is to acquaint students with the areas of taxation of
practical utility by concentrating on the taxation
implications of various taxable entities, and/or taxpayers, in
particular, companies, unincorporated entities, trusts,
superannuation funds and primary producers. In addition
the subject will address in detail the taxation of capital gains
and fringe benefits tax as well as giving students an
introduction to the area of indirect taxation. Students will be
expected to develop a research oriented problem solving
approach to the subject which includes the following
specific topics.
unincorporated entities;
primary producers;
trusts, beneficiaries;
superannuation funds;
companies and dividend imputation;
capital gains tax;
fringe benefits tax;
administrative provisions;
current developments in taxation;
tax ~lanning;
part IVA and tax avoidance;
international taxation;
sales tax.
Recommended reading
Income Tax Assessment: Act (1936 as amended)
Lehman, G. and Coleman, C. Taxation Law in Australia. 3rd edn,
Sydney, Butterworths, 1994
Australian Master Tax Guide. North Ryde, CCH Australia Ltd.
1996, or
Australian Tax Handbook 1996, North Ryde, Butterworths Ltd
Australian Federal Tax Rtporter. North Ryde, CCH Australia Ltd
Australian Tax Cases. North Ryde CCH Australia Ltd.