Please note - Swinburne University of Technology

E.
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 analysis. 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. 3rd edn,
Cincinatti, South-Western, Ohio, 1994
Reference
Horngren, C.T., Foster, G. and Datar, S.M. CostAccounting:A
Managerial Emphasis. 8th edn, Englewood Cliffs, N.J., Prentice Hall,
1994
~ ~ 2 2 4 Financial Management 1
No. of hours per week: three hours
Prerequisites: completion of all core subjects, and
BC220 Accounting 2
Instruction: lectureltutorial
Assessment: examination/assignments
3 Subject aims
2 The objectives of this subject are:
V)
; to provide students with an understanding of the
C concepts of corporate finance;
3
3
to develop in students the skills of analysis and
-.
R evaluation needed to apply the concepts of corporate
2 -. finance to financial management.
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3
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Subject description
The course is structured from the point of view of orientating
4. 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.
Textbook
Hutchinson, I?, Alison, 5.. Gregory, W., and Lumby, S. Financial
Management Decisions, 1 st Aust. edn, Nelson, 1994
References
Bishop, S.R., Crapp, H.R. and Twite, G.J. Corporate Finance. 2nd
edn, Sydney, Holt, Rinehart and Winston, 1988
Bruce, R., McKern, B., Pollard, I. and Skully, M. Handbook of
Australian Corporate Finance. 4th edn, Sydney, Butterworths, 1991
Van Horne, J., Davis, K., Nicol, R. and Wright. K. Financial
Management and Policy in Australia. 3rd edn. Sydney, Prentice Hall,
1990
~ ~ 2 2 5 Auditing
No. of hours per week: three hours
Prerequisite: students enrolled in this subject are
expected to have passed BC221 Corporate
Accounting
Instruction: lecture/tutorial
Assessment: examinationlassignment
Subject aims
The broad objective of this subject is 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 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.
References
Gul, F.A., Teoh, H.Y. and Andrew, B.A., Theory and Practice of
Australian Auditing. 3rd edn, South Melbourne, Nelson, 1994
Gill, 6.5. and Cosserat, G.W. Modern Auditing in Australia. 3rd edn,
Brisbane, Wiley, 1993
BC226
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;
evaluating project risk, business aquisitions, mergers and
divestitures.
Textbook
Peirson, G. et al. Business Finance. 5th edn, Sydney, McGraw-Hill,
1990
Other texts relevant to particular topics to be advised
BC330
Accounting Theory
No. of hours per week: three hours
Prerequisite: All second year subjects required for
professional accounting recognition
Instruction: lectureltutorial
Assessment: examination/essayltutorial
performanceltest
Subject aims and description
The obiectives of this subiect are:
toexamine the deve~b~ment of theory 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 subject to study specific issues in financial accounting
including the development of accountinq standards,
agency theory, current cost accounting ethics and
accounting for income tax, intangibles, mining and
foreign currency translation.
Although the subject is concerned with theory, considerable
use is made of practical problems in parts of the course, to
illustrate the application of theory.