1997 QUT Handbook

special emphasis on business aspects of morality.
Courses: BS30, BS78, BS81, BS89, GS70, GS81
Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALN103
■ AYN411 COMPANY 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 environment and evaluation of EDP controls;
computer-assisted audit techniques; computer fraud;
sampling techniques; ethics; the audit report.
Courses: BS81, BS89
Prerequisites: PG only; AYN417 or AYN113
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYN120
■ AYN412 COMPANY LAW
The law relating to the establishment, operation and dissolution
of business associations, the forms of business associations;
partnerships, joint ventures, trusts, companies and voluntary
associations. A focus on companies: share capital prospectuses,
directors’ duties, incorporation and registration requirements.
Courses: BS89
Prerequisites: PG only; AYN410 or ALN103
Credit Points: 12 Contact Hours: 3 per week
■ AYN413 COMPUTER AUDITING
The impact of EDP on controls and auditing; general EDP
controls; generalised audit software, static and concurrent
computer-assisted audit techniques, special EDP environments
and computer fraud.
Courses: BS70, BS87, BS94 Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYN109
■ AYN414 COST ACCOUNTING
Introduction to management accounting; the role of the management
accountant; cost concepts; costing systems; budgeting; extension
of basic costing systems for multiple products and spoilage;
direct and absorption costing; cost volume profit analysis.
Courses: BS89, GS70, GS81
Prerequisites: PG only; AYN416 or AYN112 or AYN403 or
AYN101 or GSN202
Credit Points: 12 Contact Hours: 3 per week
■ AYN415 EXTERNAL REPORTING ISSUES
Contemporary issues in external reporting; institutional background
and legal framework; conceptual framework and accounting
theory; external reporting aspects of corporate governance;
presentation and disclosure in external reports; capital
market implications of external reporting; assets and asset
revaluation; goodwill and identifiable intangibles; extractive
industries; liabilities, off-balance sheet financing and financial
instruments; intercorporate investments; and other reporting
issues.
Courses: BS70, BS87, BS94 Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYN111
■ AYN416 FINANCIAL ACCOUNTING 1
An introduction to accounting; recording business transactions;
adjusting the accounts and preparing financial statements;
completion of the accounting cycle; accounting systems
and specialised journals; cash and cash journals; accounting
for receivables and payables; accounting for merchandising
operations and inventories; non-current assets; partnerships;
companies; accounting for non-current liabilities; investments;
statement of cashflows; analysis and interpretation
of financial statements.
Courses: BS30, BS81, BS89, GS81, GS70
Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYN112
628
■ AYN417 FINANCIAL ACCOUNTING 2
Accounting function within a company; accounting for company
income tax (tax-effect accounting); liquidation; acquisition
of assets including companies; consolidated financial
statements, equity accounting; disclosure in company financial
statements.
Courses: BS30, BS81, BS89, GS81, GS70
Prerequisites: PG only; AYN416 or AYN112
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYN113
■ AYN418 FINANCIAL ACCOUNTING 3
The evolution of accounting theory; the external financial reporting
framework; theories of regulation and the conceptual
framework; theory of the firm developed into the contracting
cost framework; profits and application of the theory of profits
– construction contracts and segment reporting; assets and
the application of the theory of assets, intangible assets and
the extractive industries; liabilities and the application of the
theory of liabilities – debt defeasance, debt versus equity and
leases; further applications of the theory of profits, assets and
liabilities – intercorporate investments, joint ventures and foreign
currency transactions and translation.
Courses: BS30, BS81, BS89, GS81, GS70
Prerequisites: PG only; AYN417 or AYN113
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYN114
■ AYN419 FINANCIAL MODELLING
Modelling as an organisational planning tool; the development
and manipulation of databases in order to provide information
sources for model building; the use of the modelling
concept for solving investment and forecasting problems and
analysing performance.
Courses: BS70, BS80, BS94 Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: FNN103
■ AYN420 FINANCIAL REPORTING
Conceptual framework; preparation and presentation of financial
statements; accounting for income tax (tax-effect accounting),
leases, construction contracts and the extractive industries;
goodwill; acquisition and revaluation of assets; equity
accounting. Please contact the School of Accountancy office
regarding commencement date. This unit commences in early
January.
Courses: BS70, BS87, BS94 Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: AYN117
■ AYN421 INDIRECT TAXATION
Examination of taxes relevant to the conduct of a business
other than taxes directly imposed on a taxpayer’s income and
capital gains. Specific taxes covered include sales tax, payroll
tax, land tax, stamp duty, customs and excise duties and the
superannuation guarantee charge.
Courses: BS70, BS87, BS94 Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALN105
■ AYN422 INSOLVENCY & RECONSTRUCTION
(PY)
Examination of the law and practice of bankruptcy and corporate
insolvency; comparisons between deeds of company
arrangement, schemes of arrangement and reconstruction,
receiverships and liquidation; the rights of secured and unsecured
creditors; rights of members and employees; duties and
obligations of scheme administrators, receivers and liquidators;
collection and distribution of assets; public examination;
actions against company officers.
Courses: BS70, BS87, BS94 Prerequisites: PG only
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: ALN300
■ AYN423 INTERNAL AUDITING
The techniques used by the internal or operational auditors;
the need for efficiency or value-for-money auditing; perform-