Units of study for Professional Accounting coursework programs

The Business School website (sydney.edu.au/business/pgunits) contains the most up-to-date information on unit of study availability and other requirements. Timetabling information for 2016 is also available on the Business School website (sydney.edu.au/business/timetable). Students should note that units of study are run subject to demand.

Table of postgraduate units of study: Professional Accounting

Master of Professional Accounting

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Core units of study

(1) Foundation
Students must complete the foundational core unit, ACCT5001, in their first semester of study.
ACCT5001
Accounting Principles
6      Semester 1
Semester 2
BUSS5001
Firms, Markets and Business Management
6    N ECON5001 or ECON5002 or ECON5003 or ECOF5010
Semester 1
Semester 2
CLAW5001
Legal Environment of Business
6      Semester 1
Semester 2
FINC5001
Capital Markets and Corporate Finance
6      Intensive January
Semester 1
Semester 2
INFS5000
Accounting Information Systems
6   

This unit of study is only offered in the Professional Accounting programs.
Semester 1
Semester 2
QBUS5002
Quantitative Methods for Accounting
6    A Students should be capable of reading data in tabulated form, working with Microsoft EXCEL, and doing High School level of mathematics
N QBUS5001, ECMT5001
Semester 1
Semester 2
(2) Advanced
ACCT5002
Managerial Accounting and Decision Making
6    P ACCT5001
Semester 1
Semester 2
ACCT6001
Intermediate Financial Reporting
6    P ACCT5001
Semester 1
Semester 2
ACCT6007
Contemporary Issues in Auditing
6    P ACCT6001
Semester 1
Semester 2
ACCT6010
Advanced Financial Reporting
6    P ACCT6001
Semester 1
Semester 2
CLAW6002
Corporate Structures in Practice
6    P CLAW5001
Semester 1
Semester 2
CLAW6026
Taxation Law and Practice
6    P CLAW5001
N CLAW5002
Semester 1
Semester 2
(3) Capstone
Students must complete the capstone unit in their final semester of study.
ACCT6120
Corporate Governance and Accountability
6    A CLAW5001
P ACCT6010
Semester 1
Semester 2

Elective units of study

Students must complete 18 credit points in elective units.
ACCT6002
International Accounting
6    P ACCT5001


This unit of study is being run by the Discipline of International Business. All enquiries should be directed to the Discipline of International Business.
Semester 1
Semester 2
ACCT6003
Fundamental Analysis for Equity Investment
6    A QBUS5001 or QBUS5002
P ACCT5001 and FINC5001


ACCT6003 assumes knowledge of basic statistics and econometrics that are covered in QBUS5001/5002. ACCT6003 requires the analysis of data, transformations, understanding of distributions, expectations, variance, regression analysis, data graphing.
Semester 1
Semester 2
ACCT6006
Advanced Managerial Accounting
6    P ACCT5002
Semester 1
ACCT6015
Extended Performance Reporting
6    P ACCT5001
C ACCT6001
Semester 2
BUSS6500
Industry Placement
6    P 8 units with a WAM of 65%
N ECOF6500 or ECOF6501 or ECOF6502 or BUSS6501 or BUSS6502

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Contact the Careers and Employment Relations Office for details: business.placements@sydney.edu.au
Intensive August
Intensive December
Intensive February
Intensive January
Intensive July
Intensive March
Semester 1
Semester 2
BUSS6505
NEXT Innovation
6    P Completion of 48 credit points with a WAM of 65%
N BUSS6509 or BUSS6510

Note: Department permission required for enrolment

Semester 1
Semester 2
BUSS6506
China Industry Placement
6    P Master of Commerce students: 48 credit points with a credit average; Master of International Business: 24 credit points with a credit average.

Note: Department permission required for enrolment
Permission is required to enrol in this unit. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/industry_placement_program.
Intensive December
Intensive February
Intensive January
Intensive March
CLAW6030
China's Legal Environment for Business
6      Semester 1
CLAW6031
International Financial Crime
6      Semester 2
FINC6001
Intermediate Corporate Finance
6    P FINC5001
Intensive January
Semester 1
Semester 2
FINC6013
International Business Finance
6    P FINC5001
Semester 1
FINC6016
Financial Instruments and Markets
6      Semester 2
IBUS5003
Global Business
6    N IBUS5001
Semester 1
Semester 2
INFS6012
Enterprise Systems Management
6      Semester 2
ITLS6501
Infrastructure Financing
6      Intensive July
QBUS6310
Business Operations Analysis
6    P ECMT5001 or QBUS5001 or QBUS5002
N ECMT6008
Semester 2
WORK5003
Management and Organisations
6      Semester 1
Semester 2
WORK6030
Performance and Rewards
6      Intensive July

Graduate Diploma in Professional Accounting

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Core units of study

(1) Foundation
Students must complete the foundational core unit, ACCT5001, in their first semester of study.
ACCT5001
Accounting Principles
6      Semester 1
Semester 2
CLAW5001
Legal Environment of Business
6      Semester 1
Semester 2
FINC5001
Capital Markets and Corporate Finance
6      Intensive January
Semester 1
Semester 2
(ii) Advanced
ACCT5002
Managerial Accounting and Decision Making
6    P ACCT5001
Semester 1
Semester 2
ACCT6001
Intermediate Financial Reporting
6    P ACCT5001
Semester 1
Semester 2

Elective units of study

Students must complete 18 credit points in elective units.
ACCT6007
Contemporary Issues in Auditing
6    P ACCT6001
Semester 1
Semester 2
ACCT6010
Advanced Financial Reporting
6    P ACCT6001
Semester 1
Semester 2
BUSS5001
Firms, Markets and Business Management
6    N ECON5001 or ECON5002 or ECON5003 or ECOF5010
Semester 1
Semester 2
CLAW6002
Corporate Structures in Practice
6    P CLAW5001
Semester 1
Semester 2
CLAW6026
Taxation Law and Practice
6    P CLAW5001
N CLAW5002
Semester 1
Semester 2
INFS5000
Accounting Information Systems
6   

This unit of study is only offered in the Professional Accounting programs.
Semester 1
Semester 2
QBUS5002
Quantitative Methods for Accounting
6    A Students should be capable of reading data in tabulated form, working with Microsoft EXCEL, and doing High School level of mathematics
N QBUS5001, ECMT5001
Semester 1
Semester 2

Unit of study descriptions for Professional Accounting coursework programs

Note: These unit of study descriptions are listed alphanumerically by unit code.

ACCT5001 Accounting Principles

Credit points: 6 Teacher/Coordinator: Semester 1: Roel Boomsma; Semester 2:Janine Coupe Session: Classes: 1 x 3hr class per week Assessment: individual assignment (10%), group assignment (10%), mid-semester test (30%), final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides an introduction to the generally accepted accounting principles and practices underlying financial accounting and reporting. The unit introduces students to the concepts and skills required to prepare, analyse, and interpret financial statements.
Textbooks
Trotman, K, Carson, E; and Gibbons, M., Financial Accounting: An Integrated Approach, 6th Ed, Cengage Learning, 2016
ACCT5002 Managerial Accounting and Decision Making

Credit points: 6 Teacher/Coordinator: Semester 1: Reaven Yu; Semester 2: Gary Oliver Session: Classes: 1 x 3hr class per week Assessment: Weekly in-class feedback of progressive performance in the development of concept and technique knowledge and its application (40%), and final examination (60%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit introduces the context and processes of managerial accounting, with financial and non-financial information literacy to inform a resource-based view of the creation of stakeholder value. Critical business career skills of ethical behaviour in difficult situations, collaboration, problem solving, time management, persuasive communication and following instructions are fostered across the areas of cost accounting, business performance, and strategic value creation in management accounting. Through weekly 'business practicals', students get real-world like experience in addressing managerial accounting resourcing issues in organisational contexts. The unit emphasises that managerial accountants have a leadership role in engendering organisational awareness of the value of organisational resources. Students become familiar with the many kinds of managerial accounting decisions concerning the recognition, augmentation, allocation, deployment, leveraging, development, performance and value of organisation resources that shape an organisation over time. The unit is completed with a capstone case study which consolidates learning and allows students to use their new knowledge and skills gained in identifying and addressing operational and strategic issues facing organisations concerning competition, innovation and government regulation.
ACCT6001 Intermediate Financial Reporting

Credit points: 6 Teacher/Coordinator: Semester 1: TBC; Semester 2: TBC Session: Classes: 1 x 3hr class per week Assessment: mid-semester test (35%), final examination (50%), and assignment (15%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides an understanding of the contemporary Australian financial reporting environment. Particular attention is paid to accounting theory and concepts, mandatory reporting practices and reporting policies that reflect either a choice from among several mandated alternatives, or those areas where regulation has not occurred. The unit is intended for those who will be involved in the preparation or use of company financial statements. The unit provides an understanding of accounting techniques, both in terms of technical method and their relative impact on corporation's financial statements. The emphasis throughout is on both the 'techniques' and the related explanations for their use.
ACCT6002 International Accounting

Credit points: 6 Teacher/Coordinator: Dr Qingliang Tang Session: Classes: 1 x 1hr lecture and 1 x 2hr tutorial per week. Assessment: individual assignments (28%), group assignments (22%), final examinations (50%) Mode of delivery: Normal (lecture/lab/tutorial) evening
Note: This unit of study is being run by the Discipline of International Business. All enquiries should be directed to the Discipline of International Business.
Many of the topics in an international accounting unit have a domestic counterpart. However, new factors and complications arise in the international arena. Some of these are (1) diversity of laws, practices, customs, cultures, and competitive circumstances; and (2) risks associated with fluctuating exchange rates, differential rates of inflation, and unstable property rights. International accounting discusses issues from the perspective of companies that have internationalised their finance and/or their operations. It has a comparative aspect, comparing accounting across countries. It deals with corporate reporting and disclosure across national boundaries. It also deals with the harmonisation of the worldwide diversity in financial reporting, in particular, convergence around International Financial Reporting Standards. It discusses foreign currency translation, a consolidations issue that arises from multinational operations. Finally, it aims to introduce the key issues relevant for undertaking cross-border analysis of financial statements.
ACCT6003 Fundamental Analysis for Equity Investment

Credit points: 6 Teacher/Coordinator: Demetris Christodoulou Session: Classes: 13x 2hr lectures, 6x 1hr workshops, 8x 1hr labs. Assessment: mid-semester exam (20%), equity investment (25%), trading (10%), final exam (45%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: ACCT6003 assumes knowledge of basic statistics and econometrics that are covered in QBUS5001/5002. ACCT6003 requires the analysis of data, transformations, understanding of distributions, expectations, variance, regression analysis, data graphing.
This unit develops a framework of fundamental analysis for equity investment in publicly traded companies. The first part of the unit deals with the analysis of financial statement information, complemented with other sources of information such as business strategy, industry prospects and key macroeconomic effects. Emphasis is on the analysis of earnings quality and accounting-based valuation methods. The second part of the unit applies fundamental analysis in the appraisal of equity investment, and the effect of credit evaluation and risk analysis, as well as the valuation for takeovers. The unit also covers the impact on equity valuation from inherent behavioural patterns in informing investment decisions.
ACCT6006 Advanced Managerial Accounting

Credit points: 6 Teacher/Coordinator: Rodney Coyte Session: Classes: 1 x 3hr class per week Assessment: seminar assignments (35%), seminar contribution (15%), final examination (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit examines a number of advanced topics in managerial accounting as they relate to the use of key analytic and calculative techniques for decision making and value creation. Topics are biased towards those that are relevant and even contentious to contemporary practice and include: the potential inconsistencies between management accounting and strategic decision making and control; executive compensation and reward systems; ethical issues in budget setting and performance management; the theory of the firm and outsourcing; issues in managing joint ventures and strategic alliances; performance measurement systems; decentralisation and transfer pricing, and innovation and change in management accounting practice. An overview of each topic area is provided before exploring the topics more deeply by examining current research and/or working through case studies to provide insights into contemporary business practice.
ACCT6007 Contemporary Issues in Auditing

Credit points: 6 Teacher/Coordinator: Angela Hecimovic Session: Classes: 1 x 3hr seminar per week Assessment: quiz 1 (5%), quiz 2 (5%), quiz 3 (10%), quiz 4 (5%), group case study (20%), perspective (5%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
The focus of this unit is the development of knowledge and understanding of the key elements of the 'corporate financial statement' audit process with particular reference to Australian Auditing Standards. Auditor¿s duties and responsibilities are considered before moving to planning the audit, performing the audit and arriving at an audit opinion. Students are exposed to the techniques used by auditors in carrying out audit procedures and evaluating audit evidence. Students are expected to further develop their critical thinking skills through applying technical audit principles to real world auditing problems and corporate case studies. Students develop an appreciation for the essential role the auditor and the audit function play in enhancing the quality of financial statements and corporate governance. In this context, the unit critically examines contemporary audit issues, recent audit headlines and challenges faced by the audit profession in the Australian and global environment.
ACCT6010 Advanced Financial Reporting

Credit points: 6 Teacher/Coordinator: Semester 1: TBC; Semester 2: TBC Session: Classes: 1 x 3hr seminar per week Assessment: mid-semester examination (25%), case study (20%), final examination (55%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides students with a detailed understanding of more complex financial reporting issues. Topics examined include: group accounting issues such as the practical application of the control test; multiple subsidiaries; non-controlling interest; foreign currency translation; consolidated cash flow reporting; segment reporting; accounting for joint arrangements and associates; and related party disclosures. The unit builds on the knowledge base acquired from earlier accounting units with a strong emphasis on the application of technical skills. The unit has a substantial case component, using current examples to illustrate both appropriate technical solutions in accordance with accounting standards and guidelines, as well as the forces which determine the choice of methods. The unit also provides students with an awareness of relevant research to assist in an understanding of both current debates and accounting choices. This unit helps develop students' ability to read and analyse financial reports and to understand the financial reporting implications of management decisions relating to internal reporting and organisational structure.
ACCT6015 Extended Performance Reporting

Credit points: 6 Teacher/Coordinator: Cornelia Beck Session: Classes: 1 x 3hr seminar per week Assessment: group presentation (20%), individual projects (40%), and final examination (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit reviews issues associated with sustainability reporting models which have been practised in the last decade and highlights current and possible future issues. These new reporting models claim to enhance understanding of organisational performance to a variety of stakeholders, and are based on new performance measurement technologies that arguably improve decision making. This unit of study is designed to provide a critical analysis of the issues surrounding organisation performance and explores the key underlying issues associated with the emergence of these new reporting models. The unit looks at how the reporting of economic and non-economic performance enables private, public and third sector organisations to provide an account of their value creation and sustainability performance. The unit also explores the perspectives of significant bodies of research on reporting value-creating activities and non-economic performance.
ACCT6120 Corporate Governance and Accountability

Credit points: 6 Teacher/Coordinator: Semester 1: TBC; Semester 2: TBC Session: Classes: 1x 3hr seminar per week Assessment: online quiz (10%), individual assignment (20%), group assignment (15%) group assignment (10%), final examination (45%) Mode of delivery: Normal (lecture/lab/tutorial) day
Corporate governance has been defined as 'the system by which companies are directed and controlled' (Cadbury 1992). As the capstone unit for the MPAcc this unit assures the learning from prior management, audit, financial reporting and analysis accounting units by exploring how accounting information is used (and at time abused) in enabling the accountability through which the governance of the corporation is affected. The unit introduces students to some of the core theories which are drawn upon to understand corporate governance; agency, stakeholder, stewardship and transaction cost theories. It then explores the key relationships and practices upon which effective governance depends; relationships between a CEO and chairman, executive and non-executive directors, the board and its risk, audit, remuneration and nominations sub-committees, board members and their external auditors and other advisors, and relationships between the board, financial analysts, investors and shareholders. Whilst these issues are explored in relation to the Anglo-American system of corporate governance which privileges the interests of shareholders, the unit also explores alternative stakeholder systems of corporate governance in Germany and Japan, as well as the development of governance frameworks and institutions in the transitional economies of Russia and China. Wider issues of corporate social responsibility in relation to the globalisation of product and capital markets are also examined. As an integral part of their learning experience and assessment, students are required to develop an internationally focussed case study that is updated as they progress through the range of topics explored in this unit.
BUSS5001 Firms, Markets and Business Management

Credit points: 6 Teacher/Coordinator: Dr Sandra Peter Session: Classes: 1x 1.5hr lecture and 1x 1.5hr seminar per week Assessment: case analyses (50%), class participation (15%), final exam (35%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides students with the tools to understand the impact of economic, socio-cultural, institutional, and technological factors on businesses' operations. Such considerations are crucial for understanding how businesses make decisions and interact in the marketplace. The first part of the unit provides an introduction to macroeconomic and microeconomic analysis and applications. In macroeconomics we consider determination of the aggregate level of economic activity (GDP and inflation), the economic effects of government policies, and the link between interest rates and exchange rates and the level of economic activity. In microeconomics we look at economic decision-making by individuals and firms and the determination of prices in different kinds of markets. The next part of the unit investigates wages, as well as the social, cultural, political, and technological environments in which firms operate. It examines theories, models and conceptual tools that help us understand and make decisions in relation to these factors. The unit is complemented by developing an understanding of the complexity of professional behaviour and ethical decision making.
BUSS6500 Industry Placement

Credit points: 6 Teacher/Coordinator: Dr Zina O'Leary Session: Classes: Wks 1-3: 1x 3hrs pre-placement workshops; Wks 4-12: 3 days a week internship; Wk 13: presentation. Assessment: Performance objectives (0%), report (70%), presentation (30%) Mode of delivery: Professional practice
Note: Department permission required for enrolmentin the following sessions:Intensive August,Intensive December,Intensive February,Intensive January,Intensive July,Intensive March,Semester 1,Semester 2
Note: Permission is required to enrol in this unit. Contact the Careers and Employment Relations Office for details: business.placements@sydney.edu.au
This unit is available to outstanding students completing the Master of Commerce, Master of Human Resource Management and Industrial Relations, Master of Logistics Management, Master of Professional Accounting or Master of Transport Management program. It involves a professional placement with a business, government, or non-government organisation. It includes preparatory coursework in reflective, professional practice and report writing. Assessment includes a reflective journal and professional report and presentation based on the internship placement. Permission is required to enrol in this unit. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/industry_placement_program
BUSS6505 NEXT Innovation

Credit points: 6 Session: Classes: 1.5hr introductory seminar, 2x 4hr workshops, 2 hour teleconference, anticipated 13 hours contact with an industry mentor, 3.5 hours semi-final and networking event and 11 hours of structured online activity. Assessment: Initial active concept / value proposition (10%), research / prototype report (15%), innovation pitch (3-5min video) + business plan appendix 6-slide PowerPoint (20%), in-person semi finals (10%), participation (20%), and reflection exercise (25%). Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Department permission required for enrolmentin the following sessions:Semester 1,Semester 2
The NEXT Innovation program (previously Deloitte FASTRACK) is a globally recognised award winning innovation program designed to give outstanding business and management students practical experience in business innovation. It has been built up and tested around a structured process specifically for developing a portfolio of market-tested 'business of tomorrow' concepts in a constrained timeframe. The program has been designed as an interactive, work integrated program featuring a mix of instructor presentation, applied reading content, practical application, market testing, assignment and presentation learning methods, supported by a purpose built innovation management system with collaborative social media features. The program allows students to work with Deloitte mentors and aims to replicate a corporate 'innovation community' between the students, corporate mentors, NEXT co-ordinators and additional participants. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/next_innovation_program.
BUSS6506 China Industry Placement

Credit points: 6 Teacher/Coordinator: Dr Kaiying Ji Session: Classes: 3x 3hr pre-placement workshops, mid and post placement debriefs, 6 weeks full time placement Assessment: performance objectives (0%), report (70%), presentation (30%) Mode of delivery: Professional practice
Note: Department permission required for enrolmentin the following sessions:Intensive December,Intensive February,Intensive January,Intensive March
Note: Permission is required to enrol in this unit. Further information and application process is outlined at http://sydney.edu.au/business/study/opportunities/industry_placement_program.
This unit is available to students accepted into the china Industry Placement Program while they undertake a professional placement with a business or a government organisation that has a particular focus on business interests. It includes preparatory coursework in reflective, professional practice and concurrent coursework on research methods, report and other professional writing skills. Assessment includes a reflective journal, a research report related to their work placement, and an oral presentation on the internship placement and international work and study experience.
CLAW5001 Legal Environment of Business

Credit points: 6 Session: Classes: Three hours of classes per week which may include one or more of the following: lectures; seminars; tutorials or workshops. Assessment: case analysis (20%), mid-semester exam (35%), final examination (45%) Mode of delivery: Normal (lecture/lab/tutorial) day
All business conduct is regulated by the law. Every transaction and every relationship is governed by an increasingly complex mix of statutory and judge-made laws. The ability to identify and manage legal risks, and knowledge of compliance and dispute resolution strategies, are essential business management skills. This unit examines the legal framework and regulatory regime within which all businesses operate in Australia and in a global economy. It introduces students to the legal implications of commercial conduct and provides an overview of the Australian legal system and threshold legal concepts of agreement, ownership, and civil and criminal liability. Key areas of substantive business law are examined including contracts, torts (in particular negligence and the economic torts), property and securities, and crime. The unit also provides students with an overview of areas of legal regulation with an increasingly significant impact on business operations including: privacy, intellectual property rights, competition law, consumer law (in particular advertising regulation, product liability and unfair contracts), misleading conduct and unconscionable conduct.
Textbooks
Business and the Law 6th edition, Andrew Terry.
CLAW6002 Corporate Structures in Practice

Credit points: 6 Session: Classes: One three hour class per week which may include one or more of the following: lectures; seminars; tutorials or workshops. Assessment: presentation (15%); presentation critiques (10%); assignment (25%); final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
The corporation is the dominant structure adopted for business undertakings globally. This unit aims to demystify corporate regulation and its impact in the contemporary commercial context with a view to introducing students to the types of issues they will encounter in the real world of corporations. The unit reviews business structures (joint ventures, partnerships, trusts and companies) from a business perspective with a focus on the corporate form. The unit also examines the different options available for the conduct of businesses and the different stages of the corporate life cycle, including: how corporations are brought into existence and the characteristics attained upon incorporation; how corporations undertake certain activities (including entry into contracts, fundraising, issuing shares, paying dividends); how corporations are managed and power is distributed between participants, how the law places certain duties and obligations upon those who manage corporations; the consequences which may result from any breach of those duties and obligations; and managing corporations in financial distress, liquidation and de-registration. It takes an application-based approach which gives the unit a practical as opposed to theoretical orientation. Current issues in corporate regulation in Australia and internationally are discussed to provide students with an understanding of the types of issues which confront different types of corporations, and how these issues impact upon their management and the discharge of corporate responsibility.
Textbooks
Jason Harris, Anil Hargovan and Michael Adams, Australian Corporate Law , 5th edition (2015), Corporations Legislation 2017 Edition (Annotated version by Thomson Reuters)
CLAW6026 Taxation Law and Practice

Credit points: 6 Session: Classes: One 3 hour class per week which may include one or more of the following: lectures; seminars; tutorials or workshops. Assessment: mid-semester exam (20%), major assignment (30%), class performance (10%), final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
Taxation is an inevitable reality for all individuals and businesses. The impact of taxation on business structures, transactions and decisions is both real and significant. An understanding of how taxation law works is not only vitally important for professional accountants but is also an essential management skill in an increasingly complex business environment. This unit introduces students to the principal forms of taxation within the Australian taxation system with a focus on concepts and principles of income tax law. Students will also learn how tax law is applied in practice. This unit covers key concepts of taxation in Australia (including the concepts of income, capital gains tax, deductions, and the residence and source principles) and examines the taxation of different entities (including partnerships, trusts and companies). The taxation of international business transactions is also considered.
CLAW6030 China's Legal Environment for Business

Credit points: 6 Session: Classes: 1x 3hr seminar per week Assessment: mid-term exam (25%), presentation of proposed research area (10%), proposal of research paper (5%), research paper (50%), class participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
China has recently become the second biggest economy in the world and is Australia's most important trading partner. Australian businesses are increasingly engaging with China. This unit addresses the frequently asked question of how to do business with China. It addresses China's unique business environment which has resulted from its unique culture, history and demography, and examines the business regulations, tax system, and the administrative and compliance issues businesses will face when carrying on business with China. The unit first outlines the business environment in terms of culture, history, economics, demography, and government administration. It then provides students with an understanding of the legal environment that businesses will face in China. Through a hypothetical case study, different aspects of business regulation such as contract, entity structure, mergers and acquisition, property and intellectual property rights, the tax system, different tax types and associated international issues, and social insurance are analysed.
CLAW6031 International Financial Crime

Credit points: 6 Session: Classes: 1x 3hr seminar per week Assessment: test (20%), group assignment (30%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
International financial crime occupies a leading place on the international governance agenda. It has a devastating impact on national economies, international security and human development. This unit examines key international financial crimes such as investment fraud, corruption, tax evasion, money laundering and terrorist financing. Students gain an understanding of how these crimes are committed, detected and prosecuted. They analyse the changing regulatory environment and the new risks facing businesses and the professions. The role of bank secrecy and tax havens in facilitating financial crime is also studied. There is a special focus on the prevention of financial crime, and the regime for tracing, freezing and recovery of illicit assets. The unit draws on case studies from Australia, United States, Europe and Asia so as to gain a better appreciation of the national and international responses to international financial crime.
FINC5001 Capital Markets and Corporate Finance

Credit points: 6 Session: Classes: 1x 3hr seminar per week Assessment: mid semester-test (20%), major assignment (25%), and final examination (55%) Mode of delivery: Block mode
This unit provides an introduction to basic concepts in corporate finance and capital markets. It is designed to equip students to undertake further studies in finance. After reviewing some very basic ideas in finance and financial mathematics, the unit provides an introduction to the valuation of equity and debt securities and companies. The unit then examines issues related to pricing in capital markets and ends with a discussion of theory and practice related to capital structure and dividend policy.
FINC6001 Intermediate Corporate Finance

Credit points: 6 Session: Classes: 1x 3hr seminar per week Assessment: mid-semester test (30%), major assignment (30%), final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit extends some of the fundamental concepts introduced in FINC5001 Capital Markets and Corporate Finance, and develops a rigorous framework for the analysis and understanding of key aspects of corporate financial decision making. Fundamental concepts in corporate finance are extended to more complex settings. The unit examines more advanced approaches to asset pricing and capital budgeting. New topics are covered in relation to derivative securities and real options applications in capital budgeting. The issues of the cost of capital, corporate capital structure, and corporate dividend policy, are extended to cover the interaction of corporate and personal taxation, agency problems, and information signalling.
FINC6013 International Business Finance

Credit points: 6 Session: Classes: 1 x 3hr seminar per week Assessment: mid-semester test (25%), assignment (25%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
In our highly globalised and integrated world economy, understanding international dimensions of financial management is essential for businesses. This unit provides a greater understanding of the fundamental concepts and the tools necessary for effective financial decision making by business enterprises, within a global setting.
FINC6016 Financial Instruments and Markets

Credit points: 6 Session: Classes: 1x 3hr seminar per week Assessment: 2x mid-term exams (2x15%), assignment (20%), and final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides students with an introduction to Australian financial markets and an evaluation of the institutions, instruments and participants involved in the industry. The main markets evaluated include the equity, money, bond, futures, options, and foreign exchange markets. The relationship between the economic environment and these markets is examined.
IBUS5003 Global Business

Credit points: 6 Teacher/Coordinator: Dr Vikas Kumar Session: Classes: 1x 3hr seminar per week Assessment: in class participation (10%), mid-semester exam (20%), group presentation (10%), group project (20%), final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) evening
This unit focuses on the application of strategic thinking in key business contexts with a particular focus on the global nature of business. Students gain knowledge about: (i) identifying and managing challenges and risks presented by operating in a global business environment; (ii) international business trade and foreign direct investment theories; (iii) country level factors that impact global strategy.
INFS5000 Accounting Information Systems

Credit points: 6 Teacher/Coordinator: Catherine Hardy Session: Classes: 1x 3 hr seminar per week Assessment: group assignment (30%), individual assignment (20%), and final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) evening
Note: This unit of study is only offered in the Professional Accounting programs.
Accountants are extensive users of business information systems (BIS). They also play a critical advisory and managerial role in relation to the design, adoption, evaluation and assurance of BIS to ensure that information and systems are properly governed, used ethically and contribute to business value. This unit provides an introduction to current and emerging information technologies (IT) that support and enable business processes, information management, decision-making and reporting of critical business information in accounting. In addition, associated governance, risk and compliance challenges are explored. Relationships between business processes and accounting information systems are examined to develop an understanding of the complex and changing business information environment from the perspective of different stakeholders. Students also learn how to use tools, frameworks and models that assist in identifying opportunities for business value creation through innovative applications of various BIS and managing business information, processes and systems to ensure that strategies and service providers meet business needs.
INFS6012 Enterprise Systems Management

Credit points: 6 Teacher/Coordinator: Jenny Leonard Session: Classes: 1x 3hr seminar per week Assessment: individual assignment (25%), group project (25%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) evening
This unit explores the strategic managerial issues that arise from the implementation and use of Enterprise Systems as a means of integrating data and standardising processes. The unit utilises a combination of practical sessions with an Enterprise System, such as SAP, and analyses based on readings of case studies to explore the long-term effects of strategic implementation decisions, and issues with regard to Enterprise System implementation projects. The unit explores the emergence and implications of cloud-based Enterprise Systems, and the part that Enterprise Systems play in an organisation's broader information infrastructure.
ITLS6501 Infrastructure Financing

Credit points: 6 Teacher/Coordinator: Dr Matthew Beck Session: Classes: 9 x 3.5 hr lectures, 3 x 3.5 hr workshops. Assessment: 2x individual assignments (50%), group assignment (25%), final exam (25%) Mode of delivery: Block mode
Infrastructure is the backbone of every economy. Investment in infrastructure has the capacity to enhance productivity and generate growth, and has multiplier effects that are not only economic but also social and environmental. The cost of infrastructure projects, however, can be substantial and funding these projects represents a significant challenge. In this unit, students explore the distinction between infrastructure financing and funding and the challenges in raising private finance. Students are provided with an understanding of the principles of infrastructure finance and the use of special purpose vehicles and how to structure alternative financing plans. Students learn how to develop approaches to procurement and tendering and understand issues associated with the commercial and financial structuring of Public Private Partnerships.
Textbooks
Weber B Infrastructure as an Asset Class - Investment Strategies, Project Finance and PPP; Pretorius F Project Finance for Construction and Infrastructure - Principles and Case Studies; Tan W Principles Of Project And Infrastructure Finance; Yescombe ER Public-Private Partnerships: Principles of Policy and Finance.
QBUS5002 Quantitative Methods for Accounting

Credit points: 6 Session: Classes: 1 x 2hr lecture and 1 x 1hr tutorial Assessment: Mid-semester exam (30%), group project (20%), and final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Accountants in the workplace need to be familiar with effective techniques for dealing with business data. This unit uses spreadsheet tools and accounting examples to introduce the most important data analysis methods. The unit helps students understand variability and detect when variation is random and when something significant is going on. This unit also enables students to uncover the relationships between variables that can be hidden in business data. Students learn how to look at accounting data and use it to forecast business performance. Students are also given examples of the misuse of statistics in an accounting context. The unit is taught through data- driven examples, exercises and business case studies.
QBUS6310 Business Operations Analysis

Credit points: 6 Session: Classes: 1 x 3hr class per week Assessment: group assignment (20%), individual Assignment 1 (10%), individual Assignment 2 (10%), individual Assignment 3 (10%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Business operations are the activities that businesses carry out to create value. This unit provides the models needed to analyse business operations of a company or organisation and make management decisions on operational issues. It covers business operations in both manufacturing and service industries, looking at processes, supply chains and quality issues. Topics covered may include the modelling of manufacturing operations and related group technologies, the modelling of financial service operations (e.g. brokerage operations), and the operations implications of internet technologies.
WORK5003 Management and Organisations

Credit points: 6 Teacher/Coordinator: Semester 1: Mark Westcott; Semester 2: Leanne Cutcher Session: Classes: 1 x 3 hour seminar/tutorial per week Assessment: quiz (10%), assignment (20%), essay (35%), participation (10%), final exam (25%) Mode of delivery: Normal (lecture/lab/tutorial) evening
This unit aims to introduce students to the nature and context of management. It explores the functions and processes of management and encourages students to critically reflect on management theory and practice. It can be taken as a standalone unit for students enrolled in various specialist masters programs and also prepares students for further study in strategic management, organisational analysis and strategy and human resource management.
WORK6030 Performance and Rewards

Credit points: 6 Teacher/Coordinator: Mark Westcott Session: Classes: Intensive Assessment: participation (10%), tests (20%), assignment (40%), final exam (30%) Mode of delivery: Block mode
This unit examines the processes and practices associated with contemporary performance and reward management. Results-based, behaviourally-based and competency-based methods of performance management are examined, along with processes of performance review, planning and developing. Coverage of reward management issues includes: job- and person-based approaches to building base pay structures; methods for rewarding individual performance; work group incentives such as gainsharing, goal-sharing and team pay; methods of rewarding employees for organisational performance, including employee share ownership; and performance-related rewards for executives. The unit also examines approaches to developing strategically integrated performance and reward management systems.