Please note - Swinburne University of Technology

BC22 1 Corporate Accounting
No. of hours per week: three hours
Prerequisite: BC22O Accounting 2
Instruction: lecturehutorial
Assessment: examinationlassignment
Subject aims
The overall unit objective is to develop in students an ability
to think through corporate accounting issues and specifically:
to develop in students an awareness of the financial
accounting function within a company;
to develop students' problem-solving abilities in the
application of the principles of corporate accounting to
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 cou ne;
to develop student awareness of the interrelationship
between corporate accounting and corporate law.
Subject description
The unit covers the following areas:
share capital and other forms of finance;
business combinations, including amalgamations, mergers
and takeovers;
group accounting - particular emphasis 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 5th Schedule
and Accounting Standards requirements;
reconstruction and company liquidation.
Textbooks
Australian Corporations and Securities Legislation, 3rd ed
Accounting/Auditing Statements 1993: ASCPA or ICAA
BC22l Corporate Accounting Student Manual, Swinburne, 1993
References
Clift, R.C Corporate Accounting. 3rd ed, New 'fork: Prentice-Hall,
1989
Johnston, T.R., Jager, M.O. and Taylor, R.B. The Law and Practice of
Company Accounting. 6th ed, Sydney: Buttemrths. 1987
Leo, K.J. and Hoggett, J.R. Company Accounting in Australia. 2nd ed,
Brisbane: Wiley, 1988
sc222 Management Accounting 1
No. of hours per week: three hours
Prerequisite: BC110 Accounting 1
Instruction: lecture/tutorial
Assessment: major assignment 25%. final exam
75%
Subject aims
To introduce students to the role of accounting in the
planning and decision-making functions of the management
process
Subject description
Topics covered include basic cost concepts, cost-volume-profit
analysis, cost allocation issues, budgeting, profitability
analysis, and the analysis of costs for decision making.
Throughout the unit students will be encouraged to:
utilise micro-computer based techniques for solving
problems;
focus on the relevance of accounting information to
management information needs, and
to critically evaluate traditional management accounting
theory and practise against the contemporary literature
on activity-based costing and the new technologies.
Textbook
Hansen, D.R. and Mower, M.M. Management Accounting. 2nd ed,
Cincinatti: South-Western. Ohio, 1992
References
Garrison, R.H., Managerial Accounting: Concepts for Planning,
Control and Decision Making. 6th ed, Homewood, Illinois: Irwin,
1991
Horngren, C.T. and Foster, G., Cost Pccounting: A Managerial
Ernphasix 7th ed, Englewood Cliffs, New Jersey: Prentice-Hall, 1991
Shillinglaw, G., Managerial Cost Accounting. 5th ed, Homewood,
Illinois: Irwin, 1982
BC223 Management Accounting 2
No. of hours per week: three hours
Prerequisites: BC220 Accounting 2 and BC222
Management Accounting 1
Instruction: ledure/tutorial
Assessment: examinationlassignment
Management Accounting 2 is a second year semester length
unit which is mandatory for students taking the accounting
stream.
Subject aims
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.
Subject description
Topics covered include job order costing, activity based
costing, process costing, standard costing, performance
evaluation, transfer pricing, cost of quality programs and
strategic cost analyjis. The effects of new technologies on
the design and use of cost systems are considered
throughout the course.
Textbook
Hansen, D.R. and Mower, M. Management Accounting. 2nd ed,
Cincinatti: South-Western, Ohio. 1992
Reference
Horngren, C.T. and Foster, G. Cosr Accounting: A Managerial
Emphasis. 7th ed, Englewood Cliffs, New Jersey: Prentice Hall, 1991
BC224 Financial Management 1
No. of hours per week: three hours
Prerequisites: completion of all core units, and
BC22O Accounting 2
Instruction: lecturehutorial
Assessment: examinationlassignments
Subject aims
The objectives of this unit 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.
Subject description
The course is structured from the point of view of
orientating the student to the fundamentals of managing
the financial aspects of a business and covers the following
specific topics:
concepts of valuation;
evaluation and selection of investment projects;
cost of capital;
working capital management;
sources of finance and financial intermediaries;
dividend policy;
financing methods and impact on capital structure;
financial statement analysis;
current developments in finance.
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