Please note - Swinburne University of Technology

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~ ~ 7 0 1 Accounting for Management
Course: MBA
Prerequisites: none. This unit is compulsory
Subject aims
The aim of this unit is to develop the student's ability to
effectively use accounting information in the management of
a business.
More specific objectives include:
developing a framework of key concepts necessary for
the interpretation and use of accounting information;
developing the student's ability to identify and use
relevant information for particular management functions
and tasks;
developing the student's understanding of how
accounting information requirements vary with the nature
of the business.
This unit will be designed and taught so as to incorporate
the MBA's emphasis on the places of innovation, technology
and internationalism in business, and will link closely with
other units in the MBA.
Subject description
The outline of content below contains both a general outline
of content, which can be applied to any organisation, and
an indication of how this content will be related to
organisations influenced by the themes of technology,
innovation and internationalism that underly the MBA
program.
General outline of content
lntroduction to role of accounting in management and
key concepts needed for an understanding of that role -
cash flow, revenue, expenses, income, assets, liabilities,
accounting reports and financial statements.
Assessing performance - analysing profitability, liquidity
and leverage and their relationship to the nature of the
w business.
c
r. Cash flow analysis.
3
Costing, budgeting and control.
V)
Information and decision making.
Management accounting and the new manufacturing
environment.
Texts or references
Emmanuel, C. and Otley. D. Accounting for Management Control.
Berkshire: Van Nostrand Reinhold, 1985
Higgins, R.C. Analysis for Financial Management 3rd ed. Homewood,
Illinois: Irwin, 1992
Hoggen, H.J.R. and Edwards, L. Accounting in Australia. 2nd ed, rev.
and updated, Brisbane: Wiley, 1992
Horngren, C.T. and Foster, G. Cost Accounting: A Managerial
Emphasis. 7th ed, Englewood Cliffs, New Jersey: Prentice-Hall, 1991
Johnson, H.T. and Kaplan, R.S. Relevance Lost; The Rise and Fall of
Management Accounting. Boston, Mass.: Haward Business School
Press, 1987
Lee, John Y. Managerial Accounting Changes for the 1990% Reading,
Mass.:Addison Wesley, 1987
BEI 10 Microeconomics
No. of hours per week: three houa
Prerequisite: nil
Instruction: lecture/tutorial
Assessment: examinationlassignment
Subjea aims
To introduce key micro-economic concepts and to encourage
and assist students to apply economic reasoning to issues
facing business, government and consumers,
Subject description
This unit introduces students to microeconomic concepts and
their application within the framework of the Australian
economic and business environment. The course commences
with an examination of the role of the contemporary market
system in allocating resources and distributing output. This is
followed by an examination of the firm's production, costs
and revenues in a variety of market situations. The
significance of microeconomic concepts for both business
and government policy is emphasised throughout the unit.
Textbooks
Waud, R.N. et al. Economics, 2nd Australian ed, Armaton, N.S.W.:
Harper Educational, 1992
Male, S. and Viney, R., Study Guide to Accompany Microeconomics,
2nd Australian ed, Armaton, N.S.W.: Harper Educational, 1992
References
Jackson, J. and McConnell. C.R. Economics, 3rd ed, Sydney: McGraw-
Hill. 1988
Terry, C. and Forde, K. Microeconomics: An Introduction for
Australian Stvdentr, 3rd ed, Sydney: Prentice-Hall, 1992
BE220 Macroeconomics
No. of hours per week: three hours
Prerequisite: BE1 10 Microeconomics
Instruction: lecture/tutorial
Assessment: examinationlassignment, multiple
choice tests
Subject aims
To provide business students with an understanding and
appreciation of macroeconomic concepts, issues and policies
pertaining to the Australian economy.
Subject description
This unit introduces students to the key macroeconomic
concepts, issues and policies. It is descriptive in nature and
emphasis is placed on current issues and policies. To fully
appreciate the current Australian economic and business
environment, some theoretical background is necessary and
this is provided in the course by the ADIAS model. This
model is applied to issues such as inflation, unemployment
and external imbalance and used to demonstrate the impact
of government macroeconomic policies (wages, fiscal and
monetary) on Australian business and the economy. Within
the course students are introduced to the financial markets,
financial deregulation and Australia's international business
environment.
Textbook
Freebairn, M.L.. er al., Introduction to Australian Macroeconomics,
Hawthorn, Vic.: Swinburne Press, 1992
References
Waud, R.N., et al., Economics, 2nd Australian ed, Armaton, N.S.W.:
Harper Educational, 1992
Jackson, J. and McConnell. C.R., Economia, 3rd ed, Sydney:
McGraw-Hill, 1988
Parkin, et a/., Macroeconomics, Australian ed, Addison-Wesley, 1992
BE221 Managerial Economics
No. of hours per week: three hours
Prerequisites: BE1 10 Microeconomics also SM 147
or SM148 Quantitative Analysis B or equivalent is
desirable but is not mandatory
Instruction: lecturehutorial
Assessment: examinationlassignment
Subject aims and description
To show the relevance of microeconomic concepts to
business decision-making.
This unit deals with topics such as decision-making under
conditions of uncertainty, demand analysis with emphasis on
demand estimation, cost estimation and cost concepts for