1997 QUT Handbook

tions; partnerships, trusts, companies and voluntary associations.
A focus on companies: incorporation requirements, classification,
share capital and management issues.
Courses: BS56, BS81 Prerequisites: AYB120 or AYN410
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALB122, ACB240, LW3002, LW3014
■ AYB225 MANAGEMENT ACCOUNTING I
Introduction to managerial accounting, the role of the management
accountant, and cost concepts; costing systems including
actual/normal/standard systems under job and process
costing; introduction to budgeting; accounting for the factors
of production: materials, labour and overheads; extension
of basic costing systems for multiple products and spoilage;
direct and absorption costing; cost-volume profit analysis.
Courses: BS56, IF37, IT20 Prerequisites: BSB110
Credit Points: 12 Contact Hours: 4 per week
Incompatible with: AYB224, FNB123, ACB220, AC3004,
AC3017
■ AYB301 AUDITING
The audit environment; legal liability of auditors; professional
ethics; study and evaluation of audit planning and programming,
evidence, internal control theory and review techniques;
audit program applications: revenue, receivables, cash, inventory;
audit in EDP environments and evaluation of EDP controls;
computer-assisted audit techniques; computer fraud;
sampling techniques; the audit report.
Courses: BS56, ED50, IF37 Prerequisites: AYB220
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYB210, ACB311, AC3005, AC3018
■ AYB303 COMMERCIAL & SECURITIES LAW
Commercial transactions; specific types of contract: sales of
goods, credit contracts, agency, bailment and insurance; aspects
of the Trade Practices Act and negotiable instruments.
Courses: BS56 Prerequisites: AYB120 or AYN410
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALB111
■ AYB305 COMPANY LAW & PRACTICE
Advanced topics in company law including: protection of
minority interests; dividend policy; insider trading, takeovers
and buy-backs, law relating to financially troubled companies.
Courses: BS56 Prerequisites: AYB223
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALB120
■ AYB309 COMPUTER SECURITY & AUDIT
Impact of EDP on auditing, general EDP controls, EDP application
controls, generalised audit software (GAS), computer-assisted
audit techniques, special EDP environments, fraud
and privacy.
Courses: BS50, BS56 Prerequisites: AYB301, AYB220
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYB212
■ AYB310 COMPUTERISED ACCOUNTING
APPLICATIONS
This subject uses software to build various accounting applications
and discusses issues related to the use of such applications.
Database software will be used to build parts of
an accounting information system (for example, general
ledger, accounts receivable ledger or accounts payable
ledger). Macros will be utilised in spreadsheets software to
build automated accounting-related models. Expert systems
will be examined by using commercially available software
and building basic relevant applications. Issues and recent
developments in accounting information systems will also
be examined.
Courses: BS56 Prerequisites: AYB221
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYB218
■ AYB311 FINANCIAL ACCOUNTING THEORY
The evaluation and development of accounting theory; regu-
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latory framework and the theories of regulation; development
of the conceptual framework; contracting cost framework;
critique of historical cost and alternative theories; asset and
liability definition and recognition; revenue and expense recognition
and measurement.
Courses: BS56, IF37 Prerequisites: AYB220
Credit Points: 12 Contact Hours: 4 per week
Incompatible with: AYB113, ACB310, AC3007, AC3023
■ AYB312 FINANCIAL INSTITUTIONS LAW
The legal framework of banking and other financial transactions:
legal constraints upon the operations of financial institutions;
bank-customer relationship; Cheque Act, Credit Act,
liability for negligent advice.
Courses: BS56 Prerequisites: AYB120 or AYN410
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALB103
■ AYB313 GOVERNMENT ACCOUNTING
The unit will examine the structure of government economic
and fiscal activities; elements of government accounting; the
concept of public accountability; theory of budgeting; public
accounting and reporting of Commonwealth, state and local
government levels; external, internal and efficiency auditing.
Courses: BS56 Prerequisites: BSB110
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYB103
■ AYB315 INDUSTRIAL LAW
The system of law in Australia; industrial aspects of the Australian
constitution; the system of industrial law in Australia;
the development and role of law in industrial relations; industrial
relations legislation, federal and state; common law; industrial
torts; industrial actions; industrial disputes; settlement
of disputes; sanctions; unions.
Courses: BS56 Prerequisites: MGB207
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALB104
■ AYB316 INSOLVENCY LAW & PRACTICE
Insolvency and liquidation; a comparison of the tests of insolvency
applicable to individuals, companies, partnerships and
trusts respectively; rights of secured and unsecured creditors;
duties and liabilities of liquidators, receivers, etc.; company
shareholders’ rights; distribution of property; liabilities of
bankrupts, trustees and company officers.
Courses: BS56 Prerequisites: AYB223
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALB121
■ AYB317 INTERNATIONAL BUSINESS LAW
Examination of the law governing the establishment and conduct
of international business; business structures, international
contracts, competing legal jurisdictions, codes of conduct; an
introduction to the taxation consequences of international
business.
Courses: BS56 Prerequisites: AYB120 or AYN410
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALB105
■ AYB318 INTERNATIONAL TAXATION
The subject introduces the student to the process of applying
technical knowledge of taxation law to practical business problems
in the international environment. Planning for international
transactions, choosing appropriate business structures
and issues of double taxation are all considered.
Courses: BS56 Prerequisites: AYB326 or AYB328
Credit Points: 12 Contact Hours: 3 per week
■ AYB321 MANAGEMENT ACCOUNTING THEORY
The development of management accounting as a discipline,
development of theories – conceptual framework; theory of the
firm; agency theory; contingency theory; decision theory; organisational
behaviour theories; theory of constraints; application
of theories within the finance/economics paradigm. The
application of these theories will be considered practically within
the context of issues such as transfer pricing, cost allocation
and the contemporary managerial accounting techniques.