Unit of study descriptions - Accounting

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1000-level units of study

BUSS1030 Accounting, Business and Society

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x 1.5hr lecture and 1x 1.5hr tutorial per week Prohibitions: ACCT1001 or ACCT1002 or ACCT1003 or ACCT1004 or ACCT1005 Assessment: tutorial contribution (10%), assignment (15%), mid-semester examination (25%), final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit investigates the fundamentals of accounting and aims to provide a broad understanding of the role of accounting in the context of business and society. The format of the unit is designed to show that there are many uses of accounting data. The focus moves from accountability to decision making; both functions are explained through examples such as the 'double entry equation', and from an output (financial statements) perspective. Some more technical aspects of accounting are outlined, including the elements of assets, liabilities, revenues and expenses within simple, familiar scenarios. Besides developing an understanding of the role of accounting via conventional financial reports, recent developments including the discharge of accountability by companies through the release of corporate social and environmental reports and the global financial crisis, are explored through an accounting lens.
ACCT1006 Accounting and Financial Management

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x 1.5hr lecture and 1x 1.5hr tutorial per week Prerequisites: BUSS1030 or ACCT1005 Prohibitions: ACCT1001 or ACCT1002 or ACCT1003 or ACCT1004 Assumed knowledge: HSC Mathematics Assessment: tutorial work and/or assignment (25%), mid-semester examination (25%), final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Accounting and Financial Management is an introduction to financial reporting, and the gateway unit to further study in accounting. This unit builds upon the accounting context, presented in BUSS1030 Accounting, Business and Society, and aims to develop the technical skills to record basic business transactions through accounting systems. In addition to this technical focus, specific attention is given to the way in which the accounting information can be used to undertake financial management and analysis, to give students the ability to produce and interpret financial reports.

2000-level units of study

ACCT2011 Financial Accounting A

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x2hr lecture and 1x1hr tutorial per week Prerequisites: (ACCT1001 or ACCT1005 or BUSS1030) and (ACCT1002 or ACCT1006) Assessment: tutorial preparation (5%), group assignment (15%), mid-semester examination (30%), final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit examines the accounting and reporting practices of reporting entities, particularly listed public companies. Emphasis is placed on developing an understanding of, and the ability to critically evaluate, the various regulatory requirements (professional and statutory) governing financial reporting. The unit commences with an overview of the financial reporting environment and theories that seek to explain the accounting policy choices of management. This framework provides a basis for examining a range of specific issues in financial accounting. Emphasis throughout the unit is on both the application of specific accounting techniques/rules and the conceptual/theoretical issues associated with alternative accounting methods.
ACCT2012 Management Accounting A

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1 x 1.5hr lecture and 1x 1.5hr tutorial per week Prerequisites: (ACCT1001 or ACCT1005 or BUSS1030) and (ACCT1002 or ACCT1006) Assessment: in-class MCQ (10%), Excel assignment (10%), group SAP assignment (30%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides students with an introduction to the basics of management/cost accounting; it equips them with basic skills to use an industry-standard accounting system and management accounting information efficiently and effectively. Areas specifically covered include: cost terms and purposes, cost behaviour, cost - volume - profit analysis, cost estimation, basic and alternative product costing methods, detailed study of the mechanics of the budgeting process (master budgets, flexible budgets, standard costing and variance analysis, capital budgeting), sustainability and environmental management accounting, decision making using relevant costs/revenues and cost allocation.

3000-level units of study

ACCT3011 Financial Accounting B

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x 2hr lecture and 1x1hr tutorial per week Prerequisites: ACCT2011 Assessment: Mid-semester examination (30%), group presentations (10%), individual assignment (10%), and final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit introduces students to accounting for investments in entities that are controlled, significantly influenced, or jointly controlled by the investor. The unit starts by assessing whether an investment should be consolidated, the process of consolidation, the preparation of consolidated financial statements for corporate groups, including the treatment of goodwill, intra-group transactions and non-controlling interests. Other aspects of group accounting, such as equity accounting, segment disclosures, related party disclosures, and foreign currency translation are investigated. A critical analysis of group accounting is then undertaken, including a consideration of the outcomes of related processes, and the impacts on users. The unit also critically evaluates current issues in accounting regulation and practice, and the politics of standard-setting process. Accounting issues regarding financial instruments are further developed focusing on hedge accounting as a special case. Finally, voluntary disclosures for social and environmental reporting are considered. This unit aims to further develop student¿s written communication skills and critical and analytic skills within the context of corporate group activities.
ACCT3012 Management Accounting B

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x1.5hr lecture and 1x1.5hr tutorial per week Prerequisites: ACCT2012 Assessment: Tutorial participation (5%), tutorial presentation (10%), tutorial critique (10%), mid-semester exam (25%), and Final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Special Permission required for enrolment for students who have not successfully completed ACCT2012.
Management Accounting B deals with the theory and practice of a selection of contemporary management accounting issues. The course begins by examining the influences that impact upon the design of an organisation and its management accounting system. Behavioural factors, rather than technical factors, are highlighted and a range of organisational settings and management levels are reviewed. The unit then examines advanced issues relevant to operational management accounting. While this section of the course builds on the foundations laid in Management Accounting A, the focus remains on the behavioural implications of accounting techniques for making decisions in organisations.
ACCT3013 Financial Statement Analysis

Credit points: 6 Session: Semester 1 Classes: 1x 2hr lecture and 1x 1hr tutorial per week Prerequisites: ACCT2011 Assessment: group case study (15%), tutorial participation (10%), mid semester examination (25%), final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Although the appropriate 'form' of financial analysis depends largely on the specific context (e.g. equity investment, credit extension, analysis of supplier/customer health, competitor analysis, regulatory overview or intervention, valuation for takeover/restructuring), many of the techniques of financial analysis are common to each. A primary purpose of this course is to develop an understanding of these techniques, as well as the inherent difficulties in their application. Specific issues addressed include the analysis of business performance and disclosure, the analysis of earnings quality, cash flow assessment, credit worthiness and accounting-based valuation methods.
ACCT3031 International Corporate Governance

Credit points: 6 Session: Semester 2 Classes: 1 x 3hr workshop per week Prerequisites: ACCT2011 Assessment: assignments (35%), quiz (15%), final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit examines the evolving view of corporate governance from an international perspective, with reference to Australian principles. Corporate governance from a narrow view is concerned with how a corporation is controlled, to the establishment of sets of arrangements affecting the conduct of an organisation and its relationship with stakeholders. Specific issues examined in this unit include the legal framework; control and culture of the modern corporation; operations of a Board; role of board sub-committees; Boards and the development or endorsement of strategies; measuring and rewarding performance; corporate governance, financial reporting and disclosure; corporate governance and the audit process; governance within the global financial crisis.
ACCT3600 Accounting and Auditing in Practice

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1 x 1.5 hour lecture and 1 x 1.5 hour tutorial per week Prerequisites: completion of at least 120 credit points including ACCT2012 and ACCT3011 Prohibitions: ACCT3014 Assumed knowledge: ACCT3012. Students are expected to have an understanding of the key principles and rules of specified accounting standards, and be able to apply them in the context of business scenarios. Students are also expected to comprehend the form and content of published financial statements and be able to explain their function. Assessment: mid-semester exam (25%), online quizzes (5%), research case study (30%) and final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: This unit should only be undertaken by students in their final semester of the Accounting major.
This unit of study examines the process of auditing, highlighting the important concepts which underpin the practice of auditing. Although the focus is on the audit of corporate financial reports undertaken in compliance with the Corporation Act 2001 (Cth), other forms of audit and assurance activities are referenced. This unit of study is intended to provide an overview of the audit process within the context of Australian Auditing Standards. The unit is both practical and theoretical, with students expected to apply their knowledge to case studies developed from practice. As the capstone unit for the accounting major, this unit bridges the gap between theory and practice by integrating knowledge and consolidating key skills developed across the accounting major. It aims to provide students with practical experience in identifying, analysing, and solving contemporary business problems. Students ensure their career-readiness by demonstrating their ability to apply concepts, theories, frameworks, methodologies, and skills to authentic problems and challenges faced in the field of accounting.
CLAW3201 Australian Taxation System

Credit points: 6 Session: Semester 1,Semester 2 Classes: Two hours of lectures and a one hour tutorial per week Prerequisites: CLAW1003 or CLAW2201 or CLAW2214 Assessment: tutorial assessment (10%), tutorial participation (10%), mid-semester test (15%), case analysis (15%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit is an introduction to Australia's taxation law. It commences with an overview of the Australian tax system, discusses contemporary tax issues and then deals with specific topics, including: the basis of liability to Australian income tax, concepts of residence and source of income, concepts of ordinary and statutory income (including capital gains tax), tax accounting, taxation of fringe benefits, and allowable deductions. It concludes with a study of the general anti-avoidance sections. The taxation of companies, partnerships and trusts, and international taxation are studied in depth in CLAW3202 which, together with this unit, is a solid basis to prepare students for an important aspect of professional accounting practice.
INFS3110 Accounting Information Systems

Credit points: 6 Session: Semester 2 Classes: 1 x 3 hour workshop per week Prohibitions: INFS2001 Assumed knowledge: INFS1000 or INFO1000 or INFO1003 or INFO1903 Assessment: individual assessment (20%), group workshop assessment (30%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit demonstrates how accounting information systems (AIS) can improve business performance relating to the conduct of accounting based transactions. It provides students with the skills necessary to identify and assess opportunities for business improvement, by looking at both conceptual and physical AIS and to understand the varied ways in which the business must assess risks, controls, costs and benefits in relation to the implementation of an AIS. From an end-to-end systems perspective students gain knowledge of approaches and methodologies related to the design, implementation and operation of an AIS. Through graphic representations visual thinking can be applied to analyse, assess and improve the conceptual AIS with a view to its physical implementation. Students learn the importance of an integrated approach to managing business cycles including expenditure, conversion and revenue where multiple competing requirements often need to be balanced. Students develop expertise in business analysis, a foundation skill for accountants, auditors, project managers and business analysts.

4000-level units of study

BUSS4000 Honours in Business

Session: Semester 1,Semester 2 Prerequisites: BUSS4001 AND 2 x Honours coursework units in the specialisation area ((BUSS4112 and BUSS4113) or (BUSS4212 and BUSS4213) or (BUSS4312 and BUSS4313) or (BUSS4412 and BUSS4413) or (BUSS4512 and BUSS4513) or (BUSS4612 and BUSS4613) or (BUSS4712 and BUSS4713) or (BUSS4812 and BUSS4813)). Corequisites: BUSS4104 Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Department permission required for enrolment
This unit is administrative only and serves as a consolidation for all marks to represent a single final mark for students undertaking Honours. Marks will be calculated as follows: BUSS4001 (20%); BUSS4X12 (10%); BUSS4X13 (10%); BUSS4104 (60%).
BUSS4001 Business Honours Research Methods

Credit points: 12 Session: Semester 1 Prerequisites: Students must meet the entry requirements to the Honours program, including completion of a pass undergraduate degree and a major in the specialisation area Assessment: research methodology assessment (50%), research proposal development (50%) Mode of delivery: Block mode
This unit is an introduction to research methods used in business disciplines. The unit provides students with an understanding of the range of methods that may be used to answer research questions, their strengths and weakness and underlying philosophical assumptions. Key elements of the research process are addressed, including the purpose of the research; devising the research questions and hypotheses; selecting a research strategy; methods and procedures for data collection and analysis; and interpreting and reporting the results. Students learn important research terminology, how to write a research proposal and ethical considerations in conducting research.
BUSS4104 Business Honours Thesis

Credit points: 24 Session: Semester 2 Prerequisites: BUSS4001 + 2 x Honours coursework units in the specialisation area Corequisites: BUSS4000 Assessment: individual thesis (100%), oral thesis communication (0%) Mode of delivery: Supervision
This unit comprises the research and writing of a supervised thesis on an approved topic in business. A written Honours Thesis and presentation of the research work is undertaken.
BUSS4112 Accounting Honours A

Credit points: 6 Session: Semester 1 Prerequisites: Students must meet the entry requirements to the Honours program, including completion of a pass undergraduate degree and a major in the specialisation area Corequisites: BUSS4001; BUSS4113 Assessment: individual essay (30%), final assignment (70%) Mode of delivery: Block mode
This unit aims to add breadth and depth to students' appreciation of both (a) the range of topics encompassed within contemporary accounting research and (b) the range of research methods and methodologies used by Accounting researchers. It does so by training students to critically evaluate advanced research on topic areas such as financial accounting, management accounting, auditing, information systems and data management, intellectual capital, accountability, the interaction of accounting with capital markets (including earnings management and use of accounting numbers in financial analysis), public sector accounting and management, and critical accounting research.
BUSS4113 Accounting Honours B

Credit points: 6 Session: Semester 1 Prerequisites: Students must meet the entry requirements to the Honours program, including completion of a pass undergraduate degree and a major in the specialisation area Corequisites: BUSS4001; BUSS4112 Assessment: presentation (30%), essay (70%) Mode of delivery: Block mode
This unit builds upon BUSS4112 to (1) further build students' skills in identifying, analysing and writing up a review of research relevant to their particular research project and (2) provide students with additional in-depth training in respect of research methods, theory (etc.) relevant to their particular projects with a view to both (a) helping students fine-tune their research proposals and (b) preparing them to carry out their proposed research.