1996 Swinburne Higher Education Handbook

Topical Tax Casesfbr Australians. North Ryde, N.S.W., CCH
Australia Ltd., 1991
Australian Tax Handbook. Sydney, Butterworths
LBC302 Auditing
3 hours per week Lilya'ule Prerequistite: LBC201
Assessment: assignment /examination
A stage 3 subject in the Bachelor of Business and Bachelor of
Social Science
Objectives
The subject aims 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 auditing process.
Content
Topics covered include auditing methodology and the
formulation of auditing standards; auditing independence;
audit evidence; the rights, duties and legal liability of
auditors; the audit report and the concept of truth and
fairness; internal control. The various approaches to the
sufficiency of audit evidence; computer audits, internal and
management audits and materiality.
Recommended reading
Gul, F.A., Teoh, H.Y. and Andrew, B.A., Theory and Practice of
Australian Auditing. 3rd edn, South Melbourne, Nelson, 1994.
Gill, G.S. and Cosserat, G.W., Modem Auditing in Australia, 3rd
edn, Brisbane, Wiley, 1993
Australian Audit Standards, Prentice Hall, 1995
LBC303 Strategic Cost Management
3 hours pm week Lilydale Prwequisite: LBC203 LBC204
Assessment: gfoup cast studies and individual research essay
A stage 3 subject in the Bachelor of Business and Bachelor of
Social 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. The Design of Cost Management
Systems. Englewood Cliffs, N.J., Prentice Hdl, 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
Managaent Accounting
LBC304 Financial Manaaement 2
3 hours per week Lilya'ule Prerequisite: nil but strongly
recommended that students should have completed or be
concurrently enrolled in LBC204
Assessment: examination/assignmats
A stage 3 subject in the Bachelor of Business and Bachelor of
Social Science
Objectives and Content
The purpose of this subject is to help participants learn how
to manage their money and develop the 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. Modern Investment Theory, 3rd edn, Prentice Hall,
1993
Reilly, F.K. Investment Analysis and Portfilio Management. 4th
edn, Chicago, Dryden Press, 1994
Sharpe, W.F. and Alexander, G.J., Inveshnents. 4th edn,
Englewood Cliffs, N. J., Prentice Hall, 1990