Please note - Swinburne University of Technology

The subject makes extensive use of audit oriented software
packages.
Textbooks
Weber, R. EDP: Conceptual Foundations and Practice. 2nd edn, New
York, McGraw-Hill, 1988
Current journals and articles
~ ~ 3 3 4 Financial Accounting
No. of hours per week: three hours
Prerequisites: BC221 Corporate Accounting and
BC330 Accounting Theory
Instruction: classes
Assessment: examinationlassignment
This subject is most relevant to students planning to enter (or
already in) the employment fields of chartered accounting or
-
u
financial accounting in industry.
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1. Subject aims
g. The aims of Financial Accounting are:
to study in depth some of the more advanced issues and
% problems from areas introduced in Corporate
6.
Accounting;
to make students aware of a selection of contemporary
W VI
financial accounting issues and to study these issues
I from both theoretical and practical viewpoints;
C -
to apply the conceptual framework studied in
1. Accounting Theory in evaluation of the abovementioned
CT
3 contemporary financial accounting issues.
OI
2 Subject description
The conceptual framework; accounting information and
g. share prices; aspects of group accounting; accounting for
L government enterprises; cash flow accounting; financial
forecasts; tax effect accounting; accounting and ethics;
international accounting standards; and regulation; and
contemporary financial accounting issues.
The syllabus is flexible to allow new financial accounting
issues which emerge to replace topics of less relevance.
References
Henderson, M.S. and Peirson, G. Issues in FinancialAccounting.
6th edn, Melbourne, Longman Cheshire, 1994
Leo, K.J., Lambert, C.J. and Sweeting, J.W. Advanced Company
Accounting. Brisbane, Wiley, 1991
Various current Exposure Drafts and Standards issued by the
Australian Accounting Research Foundation and the Australian
Accounting Standards Board
~ ~ 3 3 5 Financial Management 2
No. of hours per week: three hours
No prerequisites but strongly recommended that
students should have completed or be
concurrently enrolled in BC224 Financial
Management I
Instruction: classes
Assessment: examinationlassignments
Subject aims and description
The purpose of this subject is to help participants learn how
to manage their money and develop the skills to be better
able to advise others in managing their investments. To
achieve this purpose it is necessary to learn about the
investment alternatives available today and more important,
to develop a way of thinking about investments that will
remain in the years ahead when new investment
opportunities arise as a result of the inevitable changes to our
financial system.
More specifically, the course objectives are:
to acquaint participants with the various avenues for the
investment of funds, including shares, fixed-interest
securities and property;
to review the impact of taxation on investment planning;
to consider the fundamental principles of modern
portfolio theory;
to consider the process of portfolio selection and
ongoing investment strategies;
to review the characteristics of financial futures and
options and how they may be used to modify the riskreturn
profile of investment portfolios.
References
Carew, E. Fast Money 3. Sydney, Allen & Unwin, 1991
Francis, J.C. Management of Investments. 3rd edn, New York,
McGraw-Hill, 1993
Haugen, R.A. Modern Investment Theorx 3rd edn, Prentice Hall,
1993
Reilly, F.K. Investment Analysis and Portfolio Management 3rd edn,
Chicago, Dryden Press, 1989
Sharpe, W.F. Alexander, Investments. 4th edn, Englewood Cliffs, N. J.,
Prentice Hall, 1990
BC336
Advanced Taxation
NO. of hours per week: three hours
Prerequisite: BC331 Taxation
Instruction: lectureltutorial
Assessment: examination/assignment
Subject aims and description
This is a final year subject designed for students who require
additional experience of taxation issues. The objective of the
subject is to acquaint students with the areas of taxation of
practical utility by concentrating on the taxation implications
of various taxable entities, in particular, companies,
unincorporated entities, trusts, superannuation funds and
primary producers. In addition the subject will address in
detail the taxation of capital gains and fringe benefits tax.
Students will be expected to develop a research-oriented
problem-solving approach to the subject which includes the
following specific topics:
unincorporated entities
primary producers
trusts, beneficiaries (including children's income)
superannuation funds
companies and dividend imputation
current developments in taxation
capital gains tax
fringe benefits tax
administrative provisions
tax planning
part IVA and tax avoidance
international taxation
References
Australian Federal Tax Reporter. Vols. 1-9, North Ryde, CCH Australia
Ltd.
Australian Tax Cases. North Ryde: CCH Australia Ltd.
Australian Master Tax Guide. North Ryde, CCH Australia Ltd. 1994
Income Tax Assessment Act (1 936 as amended)
Lehman, G, and Coleman, C. Taxation Law in Australia. 3rd edn,
Sydney, Butterworths, 1994