A subject of two 1-hour lectures and two 1-hour tutorials a week throughout the year.
Special Requirement
Class participation is an integral part of the subject and the submission of all assignment work is compulsory.
Prerequisite: Nil.
Syllabus
An introduction to the theory and practice of accounting through a consideration of the 'Accounting Cycle' for the following:
Sole traders running service or retail businesses. Emphasis will be given to recording, reporting and evaluating accounting information together with an introduction to accounting principles and current accounting problems.
Manufacturers. Emphasis will be given to budgeting and planning.
Non-trading concerns, small businesses, partnerships and companies. Emphasis will be given to the special or different procedures encountered in each case.
Books
Preliminary Reading:
Goldberg, L & Hill, V R Elements of Accounting 3rd edn Melbourne: MUP 1966 Reference:
'Accountancy Exercises — First Year Melbourne: MUP 1974
Burns, T J & Hendrickson, H S (eds) The Accounting Sampler 3rd edn New York:
McGraw-Hill 1976
Clift, R C led) Accounting: Communication and Control Sydney: Butterworths 1978 Gibson, C J et al (eds) Accounting Concepts — Readings Melbourne: Cassell 1971 Goldberg, L Concepts of Depreciation Sydney: Law Book Coy 1960
Goldberg, L led) Fitzgerald's Accounting 5th edn Sydney: Butterworths 1967 Harrison, J et al Accounting — A Direct Approach 3rd edn Melbourne: Cheshire 1977
•Hunter, M H & Allport, N J Accounting Sydney: Holt, Rinehart & Winston 1973 Mathews, R The Accounting Framework 3rd edn Melbourne: Cheshire 1971 Monro, I led) Readings in Accounting Melbourne: VCTA 1976
Yorston, R K et al Accounting Fundamentals 7th edn Sydney: Law Book Coy 1977 Assessment
Class assignments and tests will comprise 30 per cent of the assessment, one 2-hour examination paper in mid-year — 30 per cent of the assessment, and one 3-hour examination paper at the end of the year — 40 per cent of the assessment.
Note: Students must perform satisfactorily in all areas of assessment to be credited with a pass in this subject.
Additional information: Inquiries should be directed to Miss I 0 Haining, subject adviser for Accountancy, room 413, 1959 Building.
ACCOUNTANCY B11 (ACB11) 6 points
Financial Accounting
A subject of two 1-hour classes a week throughout the year.
Special Requirement
Class participation is an integral part of the subject, and the submission of all assignment work is compulsory.
Prerequisite: Accountancy A or an approved equivalent.
Syllabus
Data processing systems; manual, mechanical, and electronic.
Financial accounting for persons with proprietary interests in each of the following forms of ownership:
Sole trader: formation, recording, accounting for reports, profit appropriation, and sale of business.
Partnership: legal authority, formation, operation, accounting for reports, profit appropriation, admission and retirement of partners, dissolution and acquiring an interest.
Company: legal authority, techniques of recording and reporting for formation, profit distribution, re-organisation, holding companies, liquidations, taxation authorities and financial auditors; techniques of analysis and interpretation and their application; and evaluation of accounting reports in the maintenance of shareholder capital in times of changing prices.
Estate: accounting procedures and special rules in recording and reporting income, capital, investments, beneficiary and life tenant entitlements, legacies and devises.
Books Reference:
'Accountancy Exercises — First Year Melbourne: MUP 1974 'Accountancy Exercises — Advanced Melbourne: MUP 1973
Barnett, W & Fitzgerald, K Australian Bookkeeping Fundamentals Sydney: McGraw-Hill 1970
Barton, A D Anatomy of Accounting 2nd edn St Lucia: UQP 1977
'Clift, R C led) Accounting: Communication and Control Sydney: Butterworths 1978 Clow, C A et al Gregg Accounting Advanced Course New York: McGraw-Hill 1969 Colditz, B T et a/ Australian Accounting Sydney: McGraw-Hill 1976
Harrison, J et al Accounting — A Direct Approach 3rd edn Melbourne: Cheshire 1977 Hunter, M H & Allport, N J Accounting Sydney: Holt, Rinehart & Winston 1973 Irish, R A Auditing 4th edn Sydney: Law Book Coy 1973
Johnston, T R et al Law and Practice of Company Accounting 3rd edn revised Sydney:
Butterworths 1977
Mahoney, D et al Century 21 Accounting Aust edn Sydney: Ashton-Scholastic 1977 Porter, W T EDP Controls and Auditing Belmont (Calif): Wadsworth 1976
Yorston, K et al Advanced Accounting 7th edn Sydney: Law Book Coy 1974 Assessment
Class assignments will comprise 20 per cent of the assessment, tests held during class time — 20 per cent of the assessment, presentation of seminar papers — 10 per cent of the assessment, and one 2-hour examination paper at the end of the year — 50 per cent of the assessment.
Note: Students must perform satisfactorily in all areas of assessment to be credited with a pass in this subject.
ACCOUNTANCY B22 (ACB22) 6 points
Management Accounting
A subject of two 1-hour classes a week throughout the year.
Special Requirement
Class participation is an integral part of the subject, and the submission of all assignment work is compulsory.
Prerequisite: Accountancy A or an approved equivalent.
Syllabus
The contribution of accountancy to management including:
The recording of cost information for job or process cost systems using historical and standard costs and absorption or variable cost methods for the purpose of product costing, inventory valuation and control.
Budgeting as an aid to planning and control.
Variable costing, cost-volume-profit relationships, relevant data and incremental analysis as aids to planning and decision-making.
Books Reference:
Accountancy Exercises — First Year Melbourne: MUP 1974 'Accountancy Exercises —Advanced Melbourne: MUP 1973
Anton, H R & Firmin, P A Contemporary Issues in Cost Accounting 2nd edn Boston:
Houghton Mifflin 1972
Burke, W L & Smyth, E B Accounting for Management Sydney: Law Book Coy 1972 'Clift, R C led) Accounting: Communication and Control Sydney: Butterworths 1978 Horngren, C T Cost Accounting: A Managerial Emphasis 4th edn Englewood Cliffs:
Prentice-Hall 1977
Mathews, R The Accounting Framework Melbourne: Cheshire 1971
Rosen, L S led) Topics in Managerial Accounting Toronto: McGraw-Hill 1974
Welsch, G A Bs•Cgeting: Profit Plsnning and Control 3rd edn Englewood Cliffs:
Prentice-Hall 1971
Yorston, K et al Costing Procedures 5th edn Sydney: Law Book Coy 1976 Assessment
Class assignments and tests will comprise 40 per cent of the assessment, and one 3-hour examination paper at the end of the year — 60 per cent of the assessment.
Note: Students must perform satisfactorily in all areas of assessment to be credited with a pass in this subject.
ACCOUNTANCY Cl (ACC01) 4 points
Advanced Financial Accounting
A subject of two 1-hour seminars a week throughout the year. Classes are not held during periods of School Experience.
Special Requirement
Seminar participation is an integral part of the subject and the submission of all assignment work is compulsory.
Prerequisite: Accountancy 811 and 822, or an approved equivalent.
Syllabus
Consideration of financial accounting and reporting including:
Objectives of a firm and their reflection in accounting reports.
Accounting concepts and standards and their application to accounting reports.
Company reconstruction, holding company and group reports.
Methods of accounting for leaseholds, income tax, intangibles, liabilities and price level changes.
Books Reference:
'Accountancy Exercises —Advanced Melbourne: MUP 1973 Barton, A D Anatomy of Accounting 2nd edn St Lucia: UQP 1977
Bruce, J H & Dowd, J M Australian Company Accounting Milton (Old): Jacaranda 1975 Colditz, B T & Gibbins, R W Accounting Perspectives Sydney: McGraw-Hill 1972 'Cowan, T & Kenley, W Case Studies in Financial Accounting Sydney: Butterworths
1978
Garner, P & Berg, K Readings in Accounting Theory Boston: Houghton Mifflin 1966 Gibson, C J et al Accounting Concepts — Readings Melbourne: Cassell 1971
Johnston, T R et al Law and Practice of Company Accounting 3rd edn revised Sydney:
Butterworths 1977
• Henderson, S & Peirson, G Issues in Financial Accounting Melbourne: Cheshire 1975
Keller, T G & Zeff, S A Financial Accounting Theory II New York: McGraw-Hill 1969 Mathews, R Accounting Framework 3rd edn Melbourne: Cheshire 1971
Yorston, K et al Advanced Accounting 7th edn Sydney: Law Book Coy 1974 Zeff, S A & Keller, T F Financial Accounting Theory New York: McGraw-Hill 1963 Assessment
Assignments and tests set during the year will comprise the assessment.
ACCOUNTANCY C2 (ACCO2) 4 points
Advanced Management Accounting
A subject of two 1-hour seminars a week throughout the year. Classes are not held during periods of School Experience.
Special Requirement
Seminar participation is an integral part of the subject and the submission of all assignment work is compulsory.
Prerequisite: Accountancy 811 and B22, or an approved equivalent.
Syllabus
Advanced management accounting including:
Introduction to management theory, the role of the management accountant, and organisational structures within the firm.
Recording of cost information for job or process cost systems using historical and standard costs and absorption or variable cost methods and including accounting for spoilage, wastage, defective units and scrap, accounting for joint and by-products and the problems of allocating manufacturing overhead and treatment of variances.
Budgeting including capital budgeting.
Pricing decisions and transfer pricing.
Books Reference:
'Accountancy Exercises — Advanced Melbourne: MUP 1973
Anthony, R N & Reece, J S Management Accounting: Texts and Cases 5th edn Homewood (Ill): Irwin 1975
Anton, H R & Firmin, P A Contemporary Issues in Cost Accounting Boston: Houghton Mifflin 1972
Byrt, W J & Masters, P R The Australian Manager Melbourne: Sun 1974
•Horngren, C T Cost Accounting: A Managerial Emphasis 4th edn Englewood Cliffs:
Prentice-Hall 1977
Kulakauskas, E & Trotman, K Accounting and the Production Function Sydney:
Butterworths 1978
Rosen, L S (ed) Topics in Managerial Accounting Toronto: McGraw-Hill 1970 Shillinglaw, G Cost Accounting: Analysis and Control Homewood (Ill): Irwin 1977 Thomas, W E (ed) Readings in Cost Accounting, Budgeting and Control 4th edn
Cincinnati: South Western Publishing 1973
Welsch, G A Budgeting: Profit Planning and Control Englewood Cliffs: Prentice-Hall 1971
Assessment
Assignments and tests set during the year will comprise the assessment.
ACCOUNTANCY C3 (ACC03) 4 points
Auditing
A subject of one 2-hour seminar a week throughout the year. Classes are not held during periods of School Experience.
Special Requirement
Seminar participation is an integral part of the subject and the submission of all assignment work is compulsory.
Prerequisite: Accountancy B11 and 822, or an approved equivalent.
Syllabus
A profile of a current audit practice; audit objectives; principles of internal control;
systems analysis; development and implementation of audit techniques; review of EDP and sampling methods; legal requirements and the recommendations of the Australian Society of Accountants and the Institute of Chartered Accountants in Australia; current problems facing auditors; auditing and the future.
Books Reference:
Brasseaux, J H & Edwards, J D (eds) Readings in Auditing Cincinnati: South Western Publishing 1973
Carmichael, D R & Willingham, J J (eds) Perspectives in Auditing New York:
McGraw-Hill 1971
Cowan, T & Kenley, W Case Studies in Financial Accounting Sydney: Butterworths 1978
ICAA Members Handbook Sydney: ICAA 1976 Irish, R Auditing Melbourne: Law Book Coy 1972
Kenley, W J A Statement of Australian Accounting Principles Melbourne: Accountancy Research Foundation 1970
Porter, W T EDP Controls and Auditing Belmont (Calif): Wadsworth 1976
Porter, W T & Burton, J C Auditing — A Conceptual Approach Belmont (Calif):
Wadsworth 1971 Assessment
Assignments and tests set during the year will comprise the assessment.
ACCOUNTANCY C4 (ACC04) 4 points
Taxation
A subject of one 2-hour seminar a week throughout the year. Classes are not held during periods of School Experience.
Special Requirement
Seminar participation is an integral part of the subject and the submission of all assignment work is compulsory.
Prerequisite: Accountancy 811 and B22, or an approved equivalent.
Syllabus
The law relating to income taxation and other tax impositions levied in Australia with emphasis on the conceptual and accounting implications, and their importance in the planning of business activities.
Books Reference:
Australian Federal Tax Reporter Sydney: CCH 1979 Australian Income Tax Assessment Act Sydney: CCH 1979 Australian Tax Cases Sydney: CCH 1969-1979
Barrett, R Principles of Income Taxation Sydney: Butterworths 1975 Castro, H Understanding Income Tax Law Sydney: Butterworths 1978 Clyne, P New Horizons in Tax Avoidances Sydney: Rydges 1976
*Master Tax Guidé Sydney: CCH 1979
Mannix, E F & Harris, D W Australian Income Tax Guide Sydney: Butterworths 1978
Mannix, E F & Harris, D W Australian Income Tax Leading Cases (with supplements) 2nd edn Sydney: Butterworths 1977
Mason, H et al Case Companion to Ryan's Income Tax Manual Sydney: Law Book Coy 1976
Ryan, K W Manual of Law of Income Tax in Australia Sydney: Law Book Coy 1976 Sweeney, C A & Telfer, J H Revenue Law in Australia Sydney: Butterworths 1975 Assessment
Assignments and tests set during the year will comprise the assessment.
ACCOUNTANCY C5 (ACC05) 4 points
Business Finance
A subject of one 2-hour seminar a week throughout the year. Classes are not held during periods of School Experience.
Special Requirement
Seminar participation is an integral part of the subject and the submission of all assignment work is compulsory.
Prerequisite: Accountancy 811 and B22, or an approved equivalent.
Syllabus
The financial problems facing a firm in the implementation of investment, financing and dividend decisions. Risk, uncertainty and portfolio theory in investment analysis; capital investment including leasing; current asset management; and financing and dividend policies.
Books Reference:
Bennett, J W eta! Topics in Business Finance and Accounting Melbourne: Cheshire 1974 Chambers, R J Accounting Finance and Management Sydney: Butterworths 1969 Gleeson, J Case Studies in Financial Management Melbourne: Pitman 1973
Lincoln, M G & Burrows, G H Australian Case Studies in Business Finance Sydney:
McGraw-Hill 1975
'Peirson, C G & Bird, R G Business Finance Sydney: McGraw-Hill 1976
`Scorgie, M et al Interest — A Programmed Approach Melbourne: GUS 1976
Van Horne, J C Financial Management and Policy 4th edn Englewood Cliffs:
Prentice-Hall 1977
Weston, J R & Brigham, E F Managerial Finance 5th edn New York: Holt, Rinehart &
Winston 1974 Assessment
Assignments and tests set during the year will comprise the assessment.
ACCOUNTANCY C6 (ACC06) 4 points
Development of Accounting Thought and Practice
A subject of two 1-hour seminars a week throughout the year. Classes are not held during periods of School Experience.
Special Requirement
Seminar participation is an integral part of the subject and the submission of all assignment work is compulsory.
Prerequisite: Accountancy B11 and B22, or an approved equivalent.
Syllabus
Early developments in accountancy; the concepts and theories forming the basis of accounting practice; efforts to arrive at acceptable accounting principles; influences on the development of accounting thought and practice — such as legal, economic and social influences and the work of accounting bodies; contemporary issues and current thinking
in
accountancy; and developments in the teaching of accountancy.Books Reference:
Brown, R History of Accounting and Accountants London: Frank Cass 1968 Brown, R G & Johnston, R S Paciolo on Accounting New York: McGraw-Hill 1963 Chambers, R J Securities and Obscurities Melbourne: Gower Press 1973
Chatfield, M Contemporary Studies in the Evolution of Accounting Thought (Dickenson Series) Belmont (Calif): Wadsworth 1968
Chatfield, M A History of Accounting Thought Hinsdale (Ill): Dryden Press 1974 Colditz, B T & Gibbins, R W Accounting Perspectives Sydney: McGraw-Hill 1972 Gibson, C J et al Accounting Concepts — Readings Melbourne: Cassell 1971 Gibson, R W Disclosure by Australian Companies Melbourne: MUP 1971
Hendriksen, E S Accounting Theory (Willard J Graham Series) 3rd edn Homewood (Ill):
Irwin 1977
Littleton, A C Essays on Accountancy Urbana (Ill): Univ of Illinois 1961 McNeal, K Truth in Accounting Lawrence (Kans): Scholars Book Coy 1970 Sweeney, H W Stabilized Accounting New York: Holt, Rinehart & Winston 1964 Publications of various accounting bodies.
Information on additional references will be provided during the course of the subject.
Assessment
Assignments set during the year will comprise the assessment.