Please note - Swinburne University of Technology

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Textbook
Rirson, G. et al. Business Finance. 5th ed, Sydney: McGraw-Hill,
1990
References
Bishop, S.R., Crapp, H.R. and Twite, G.J. Corporate Finance. 2nd ed,
Sydney: Holt. Rinehart and Winston. 1988
Bruce, R., McKern, B., Pollard, I. and Skully, M. Handbook of
Australian Corporate Finance. 4th ed, Sydney: Bunelworths, 1991
Van Horne. J., Davis, K., Nicol, R. and Wright, K. Financial
Management and blicy in Aushalia. 3rd ed, Sydney: Prentice-Hall,
1990
~ ~ 2 2 5 Auditing
No. of hours per week: three hours
Prerequisite: students enrolled in this unit are
expected to have passed BC221 Corporate
Accounting
Instruction: lectureltutorial
Assessment: examination/assignment
Subject aims
The broad objective of this subject is to familiarise students
with the underlying concepts, objectives and reporting
function of the auditor. The unit 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.
Subject description
Theoretical topics studied include auditing methodology and
the formulation of auditing standards; audit 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.
0, References
Arens, Loebbecke, Best and Shailer. Auditing in Australia. An
6, Integrated Approach. Rw. 2nd ed. Sydney: Prentice-Hall of Australia.
1992
Gul. F.A., Teoh, H.Y. and Andrew. B.A., Theory and Pmice of
Australian Auditing. 2nd ed, South Melbourne: Nelson, 1991
Gill. G.S. and Cosserat. G.W. Modern Auditing in Australia. 2nd
Australian ed, Brisbane: Wiley, 1989
~ ~ 2 2 6 Risk Analysis and Finance Theory
No. of hours per week: three hours
Prerequisite: BC224 Financial Management 1
Subject aims
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;
wluating project risk, business acquisitions, mergers and
divestitures.
Textbook
Rinon. G. et al. Business Finance. 5th ed, Sydney: McGraw Hill,
1990
Other texts relevant to particular topics to be advised
BC330
Accounting f heory
No. of hours per week: three hours
Prerequisite: second year accounting subjects
should be completed before attempting this
su bject
Instruction: lecturekutorial
Assessment: examination/essay
Subject aims and description
The objectives of this unit are:
to examine the development of the theory of 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 unit to study some specific issues in financial
accounting including deferred tax accounting, various
inflation accounting systems, intangibles, accounting
standards development and foreign operations.
Although the subject is concerned with theory, considerable
use is made of practical problems in parts of the course.
These are designed to illustrate the alternative techniques
available while the theoretical framework is used to evaluate
and choose between the alternatives.
Textbook
Hodgson, A., Holmes. S. and Kam, V. Accounting Theory 1st ed,
Qld.: Wiley, 1992
References
Henderson, M.S. and Peinon, G. Issues in Financial Accounting. 6th
ed. Melbourne: Longman Cheshire, 1993
Hendenon, MS., Peinon, G. and Brown, R. Financial Accounting
Theory. Its Nature and Development 2nd ed, Melbourne: Longrnan
Cheshire, 1992
Manhews, M. and Perera, M. Accounting Theory & Development.
2nd ed. Melbourne: Nelson. 1993
Whittred, G. and Zirnrner, I. Financial Accounting: Incentiw Effects &
Economic Consequences. 3rd ed, Sydney: Holt. Rinehart and
Winston, 1992
BC331 Taxation
No. of hours per week: three hours
Prerequisite: students enrolled in this unit are
expected to have passed BC221 Corporate
Accounting
Instruction: lectureltutorial
Assessment: examination/assignments
Subject aims
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.
Subject description
Specifically, the course will:
familiarise students with recent court and Administrative
Appeals Tribunal decisions in the area of income
taxation;
develop research skills in students in relation to current
and landmark taxation cases;
introduce students to the complexities of taxation in
relation to various taxable entities;
with the aid of income tax rulings and the
aforementioned tax cases, develop in students an
understanding of the basic concepts of income, capital,
and the rules gwerning deductions;
provide for students intending a career in public
accounting a basic grounding in taxation law. It is
recommended these students also complete BC308
Advanced Taxation.
Topics covered include: the nature of assessable income,
capital gains tax, fringe benefits tax, allowable deductions
and the provisions relating to companies, partnerships, and
individuals.