A subject of two 1-hour lectures and two 1-hour tutorials a week throughout the Year.
SPECIAL REQUIREMENT
Class part icipation is an integral part of the subject and the submission of all assign- ment 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.
Elements of Accounting 3rd edn Melbourne:
MUP 1966
Studies in Accounting Theory London: Sweet &
Maxwell 1962
The Accounting Sampler 2nd edn New York:
McGraw-Hill 1972
Australian Accounting: The Basis for Business Decisions Sydney: McGraw-Hill 1970
Accounting Concepts — Readings Melbourne:
Cassell 1971
Introduction to the Theory of Financial State- ments Sydney: Law Book Coy 1966
Concepts of Depreciation Sydney: Law Book Coy 1960
Fitzgerald 's Accounting 5th edn Sydney:
Butterworth 1967
Accounting Essentials Sydney: McGraw-Hill 1974 Accounting — A Direct Approach 2nd edn
Melbourne: Cheshire 1971
*Accounting Sydney: Holt, Rinehart & Winston 1973
The Accounting Framework 3rd edn Melbourne:
Cheshire 1971
*Readings in Accounting Melbourne: VCTA 1974 Introductory Accounting Sydney: Law Book Coy
1971
Accounting Fundamentals 6th edn Sydney: Law Book Coy 1966
BOOKS
Preliminary Reading:
Goldberg, L & Hill, V R Reference:
Accountancy Exercises — First Year Melbourne: MUP 1974 Baxter, W T & Davidson, S
ledsl
Bums, T J & Hendrickson, H S leds)
Colditz, B Ter al Gibson, CJ et a! (eds) Gibson, R W Goldberg, L Goldberg, L led) Hain, H P Harrison, Jet al
Hunter, M H & Allport, N J Mathews, R
Maaro, I ..,
Smyth, E B & Burke, W L Yorston, R K et al
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.
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BOOKS Reference:
*Accountancy Exercises — First Year Melbourne: MUP 1974
*Accountancy Exercises — Advanced Melbourne:
MUP 1973
Barnett, W & Fitzgerald, K Barton, A D
Clow, C A et al Colditz, B T et al Goldberg, L Harrison, J et al
Hunter, M H & Allport, N J Irish, R A
Johnston, T R et al Smyth, E B & Burke, W L Yorston, K et al
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 O Haining, subject adviser for Accountancy, room 413, 1959 Building.
ACCOUNTANCY B11 (ACB11) 6 points
FINANCIAL ACCOUNTING
A subject of four 1-hour classes a week during the second half of the year.
SPECIAL REQUIREMENT
Class participation is an integral part of the subject and the submission of all assign- ment work is compulsory.
Prerequisite: Accountancy A or an approved equivalent SYLLABUS
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.
Estate: accounting procedures and special rules in recording and reporting income, capital, investments, beneficiary and life tenant entitlements, legacies and devises.
Australian Bookkeeping Fundamentals Sydney:
McGraw-Hill 1970
Anatomy of Accounting St Lucia: UQP 1975 Gregg Accounting Advanced Course New York:
McGraw-Hill 1969
Australian Accounting Sydney: McGraw-Hill 1969 Fitzgerald's Accounting 5th edn Melbourne:
Butterworth 1967
Accounting — A Direct Approach 2nd edn Melbourne: Cheshire 1972
Accounting Sydney: Holt, Rinehart & Winston 1973
Auditing 4th edn Sydney: Law Book Coy 1973 'Law and Practice of Company Accounting 3rd
edn Sydney: Butterworth 1973
Introductory Accounting Sydney: Law Book Coy 1971
Advanced Accounting 7th edn Sydney: Law Book Coy 1974
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ASSESSMENT
Class assignments will comprise 10 per cent of the assessment, tests held during class time — 25 per cent of the assessment, presentation of seminar papers — 15 per cent of the assessment and one 2-hour examination paper — 50 per cen; of the assessment.
ACCOUNTANCY B22 (ACB22) 6 points
MANAGEMENT ACCOUNTING
A subject of four 1-hour classes a week during the first half of the year.
SPECIAL REQUIREMENT
Class participation is an integral part of the subject and the submission of all assign- ment 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 Mel boume:
MUP 1973
Amey, L R & Eggington, D A Anton, H R & Firmin, P A Burke, W L & Smyth, E B Goldberg, L
Homgren, C T Mathews, R Rosen, L S led) Shillinglaw, G Solomons, D (ad) Welsch. G A
Contemporary AIssuest ingCost Accounting 2nd edn Contemporary
Boston: Houghton Mifflin 1972
Accounting for Management Sydney: Law Book Coy 1972
An Inquiry into the Nature of Accounting Iowa:
American Accounting Association 1965 'Cost Accounting: A Managerial Emphasis 3rd edn
Englewood Cliffs: Prentice-Hall 1972
The Accounting Framework Melbourne: Cheshire 1971
Topics in Managerial Accounting Toronto:
McGraw-Hill 1970
Cost Accounting: Analysis & Control Homewood 1111): Irwin 1972
Studies in Cost Analysis London: Sweet & Maxwell 1968
Budgeting: Profit Planning and Control 3rd edn Englewood Cliffs: Prentice-Hall 1971
ASSESSMENT
One 3-hour examination paper at the end of the half year comprising 60 per cent of the assessment, one major assignment — 15 per cent of the assessment and class assignments and tests — 25 per cent of the assessment.
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