Please note - Swinburne University of Technology

Subject description
No prior knowledge of accounting is assumed.
Topics include:
general purpose financial statements;
financial statement analysis;
cash flow statements;
business finance and valuation;
cost - volume - profit analysis;
costing products and services;
information analysis for decision making;
segment performance evaluation;
budgeting and profit planning.
Textbook
Gaffikin, M., Walgenbach, P. Dittrich, N. and Hanson, E. Principles of
Accounting. 3rd Australian ed, Sydney: Harcourt, Brace Jwanwich,
1992
References
Bell, A. (ed) Introducto/y Accounting and Finance. Melbourne:
Nelson, 1990
Hoggett, J. and Edwards, L. Accounting in Australia. 2nd ed rev. and
updated, Brisbane: John Wiley & Sons, 1992
Homgren, CT and Foster, G. Cost Accounting: A Managerial
Emphasis. 7th ed, Englewood Cliffs, N.J.: Prentice-Hall Inc., 1991
McDonald, R.C., Cooper, R.G. and Astill. B.J. Accounting for the Non
Finance Executive. 2nd ed, Auckland, N.Z.: longman Paul. 1983
Smith, E. The Bottom Line. The Essential Guide for Non-Finance
Executives. Ringwood: PPnguin, 1989
~ ~ 4 1 0 Introduction to Taxation
No. of hours per week: two and a quarter hours
Prerequisites: see Graduate Certificate in Taxation
and Finance
Instruction: lectures and class discussion of issues
and problems
Assessment: class presentations lo%,
assignments 40%, examination 50%
Subject aims
The overall objective is to develop in students an
understanding of the lncome Tax Assessment Act, 1936, as
amended, together with those acts which are
complementaty to the Assessment Act.
Specifically, the unit 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; and
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 rules governing deductions.
A selection of topics including the scheme of the income tax
assessment ad, assessable income, statutory inclusions and
exclusions in income, source derivation and residency,
allowable and specific deductions.
(Refer Appendix 1 for further details.)
References
Australian Master Tax Guide, 1994. CCH Australia Ltd.
Australian Income Tax Azsezsment Act 1936, 1994 edition, CCH
Australia Ltd.
Australian Federal Tax Reporter; CCH Australia LM.
Lehmann, G. and Coleman, C. Taxation Law in Australia, 2nd ed,
Sydney: Butterworths, 1991
O'Grady, G.W. and O'Rourke, K.J. Ryan's Manual of the Law of
Income Tax in Australia. 7th ed, North Ryde: Law Book Company,
1989
Taxation Entities Issues and Planning
No. of hours per week: two and a quarter hours
Prerequisites: see Graduate Certificate in Taxation
and Finance
Instruction: lectures and class discussion of issues
and problems
Assessment: class presentations 10%.
assignments 40%. examination 50%
Subject aims
BC411
The objective of the unit is to acquaint students with the
areas of taxation of practical utility by concentrating on the
taxation implications of various taxable entities, in particular
individuals and partnerships, companies, unincorporated
entities, trusts, superannuation funds and primary producers.
In addition the unit will look at the issues involved in tax
planning and current developments in taxation.
Subject description
A selection of topics including the taxation of individuals,
partnerships, companies, trusts, primary producers and cooperatives,
superannuation, administrative provisions,
international taxation, tax planning and recent developments.
References
Australian Master Tax Guide, 1994. CCH Australia Ltd.
Australian lncome Tax Assessment Act 1936, 1994 edition, CCH
Australia Ltd.
Australian Federal Tax Reporter, CCH Australia Ltd.
Lehmann, G. and Coleman, C. Taxation Law in Australia, 2nd ed,
Sydney: Buttewrths, 1991
O'Grady, G.W. and O'Rourke, K.J. Ryan's Manual of the Law of
Income Tax in Australia. 7th ed, North Ryde: Law Book Company,
1989
BC412 Introduction to Finance
No. of hours per week: two and a quarter hours
Prerequisite: see Graduate Certificate in Taxation
and Finance
Instruction: lectures and class discussion of issues
and problems
Assessment: class presentations 20°h,
assignments 40%, examination 40%
Subject aims
The objectives of this unit are:
to provide students with an understanding of the
concepts of corporate finance; and
to develop in students the skills of analysis and
evaluation needed to apply the concepts of corporate
finance to financial management.
Subject description
Various topics including understanding company reports,
financial statement analysis, working capital management,
fund flow analysis, sources of finance, valuation concepts,
cost of capital, financial structures and evaluation of
investment projects.
References
Bishop, S.R., Crapp, H.R. and Twite, G.J., Corporate Finance, 3rd ed,
Sydney: Holt, Rinehart and Winston, 1993
Bruce, R.. McKern, B., Pollard, I. and Skully, M., Handbook of
Australian Corporate Finance, 4th ed, Sydney Buttewrths, 1992
Higgins, R.C., Analysis for Financial Management, 3rd ed. Irwin. 1992
Peirson, G.. Bird. R., Brown, R. and Howard, P., Business Finance, 5th
ed, Sydney: McGraw-Hill. 1990
Van Horne, J., Davis, K., Nicol, R. and Wright, K., Financial
Management and mlicy in Australia, 4th ed. Melbourne: Prentice-
Hall. 1992