This unit provides an introduction to the generally accepted accounting principles and practices underlying financial accounting and reporting. It is intended for both accounting and non-accounting majors. The unit aims to introduce students to the concepts and skills required to prepare, analyse, and interpret financial statements.

The unit introduces students to the context and processes of management accounting by taking a resource-based view in creating stakeholder value using financial and non-financial information. Critical business career skills of collaboration, problem solving, persuasive communication and ethical behaviour in difficult situations are fostered across the areas of cost accounting, business performance, and strategic value creation in management accounting. Students will get real-world like experience using a range of traditional and contemporary managerial accounting tools and techniques. By the application of management accounting techniques to organisational resourcing issues in their competitive and ethical context it becomes possible to show students the important role that management accountants have in leading the organisation into better awareness of, leveraging and combining organisational resources to portfolios, projects, and programmes. Students will become familiar with the many kinds of managerial accounting decisions that shape an organisation over time. To consolidate learning, a capstone case study allows students to use the knowledge learned in understanding the operational and strategic issues facing an organisation following the global financial crisis.

This unit is intended to provide 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.

Many of the topics in an international accounting course 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 harmonization 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.

This unit helps students to develop an understanding of the techniques of financial statement analysis in various contexts, for example: equity investment; credit evaluation; risk analysis; prediction of corporate failure; analysis of supplier/customer health; competitor analysis; regulatory overview or intervention; and valuation for takeover/restructuring. A primary purpose of this unit is to develop an understanding of these techniques, as well as the inherent difficulties in their application. Topics covered include analysis of business performance and disclosure, the analysis of earnings quality, cash flow assessment, credit worthiness and accounting-based valuation methods.

This unit of study examines the design and operation of 'management control systems' (MCS), considering also the role of management accounting technologies in this. In doing so, a variety of research-based readings and theoretical frames are mobilised to help understand this important facet of organisational functioning and application of management accounting work. Topics to be covered include: typologies of MCS; arguments relating to the fit and effectiveness of MCS; the connection between strategy and MCS; the role of performance measures in MCS; MCS and hybrid organisational spaces; MCS and the management of intellectual capital; MCS and the New Economy; and the evolution of MCS.

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. The 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; yield management; 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; intellectual capital management and development; performance measurement systems; 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.

This unit seeks to improve students' understanding of the function, nature and procedures of commercial auditing in the context of corporate financial reporting. It has particular regard to the business, legal and economic foundations than underpin the audit process. Recurrent reference is made to practical and policy matters of contemporary importance to auditing and auditors, especially as they relate to the function of auditing in ensuring the quality of corporate financial statements and the role of auditors in corporate governance. Matters related to modern cases like Enron, HIH, One.Tel, Parmalat, China Aviation Oil and ABC Learning are also discussed.

This unit is intended to provide students with a detailed understanding of more complex financial reporting issues. The topics examined include: group accounting issues such as the practical application of the control test; multiple subsidiaries; 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 course will help 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.

This unit introduces students to the concepts, challenges and approaches associated with the evaluation, design, introduction, operation and improvement of accounting systems and reflect the differences in the needs of family-owned business, small and medium sized enterprise and multi-national business firms. Elements of those systems include methods of documenting transactions and events; internal control procedures designed to safeguard human physical and financial resources; manual, semi-automated or fully automated source data entry, transaction processing methods and financial and non-financial reports on operational activities. These issues are also considered with regard to the capabilities of contemporary industry-standard accounting and business application software such as spreadsheets, MYOB and SAP in a cost-effective and secure manner. Topics include the design of charts of accounts; in solutions context; internal controls and maintaining audit trails, records management; the identification of requirements and the use of selection criteria for the evaluation, introduction, configuration and operation of packaged accounting software solutions. It provides students with the hands-on skills in the design and implementation of an accounting system to a real-world medium sized organisation using an industry standard accounting software solution by integrating concepts, approaches, commercial realities and capabilities of contemporary enterprise resource planning systems. At the commencement, students are provided with review of business frameworks including cycles, systems, source documents and recording transactions which act as a common starting point on which the unit builds.

This unit will review the issues associated with sustainability reporting models which have been practised in the last decade and highlight 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 will explore the key underlying issues associated with the emergence of these new reporting models. The unit will look at how the reporting of economic and non-economic performance will enable private, public and third sector organisations to provide an account of their value creation and sustainability performance. It will also explore the perspectives of significant bodies of research on reporting value-creating activities and non-economic performance.

This unit seeks to develop students' ability to understand and critically evaluate systems of corporate governance. It will introduce students to the roles of key institutions through which governance is effected; boards of directors and the work of their sub-committees, investors and pension funds, analysts, regulators and the media. The course will also introduce students to conceptual frameworks through which corporate governance has been studied. Topics include, governance structures - an international perspective; governance arrangements and external and internal stakeholders; operations of a Board; role of board sub-committees; measuring and rewarding performance; corporate governance and financial reporting; corporate governance and the audit process.

Critical thinking is central to effective data interpretation, problem-solving and other key aspects of contemporary business practice. Students who take this unit develop high level critical thinking capabilities; skills that are essential for effective postgraduate study in business disciplines and for success in the world of business, whatever the specialisation. Students engage with theoretical frameworks and concepts in order to practise robust methods of questioning and argument. Weekly classes are organised around a progressive series of interactive learning activities. These focus on analysis, reflection, inquiry and ethical, reasoned evaluation of arguments and ideas and the production of appropriate written and spoken responses.

This unit introduces accounting students to the importance of market types (for product, capital, labour, knowledge, materials, etc) and market mechanisms, structures and regulation on business operations and decision-making. Knowledge of firm-level economics, demand, supply, pricing, costs and revenues, productivity and market structures is integrated with the foundational tenets of business decision-making and applied to a variety of situations encountered by managers in the contemporary global economy. The unit also covers national income accounting, macroeconomic concepts, fiscal and monetary policy and related macro-economic themes relevant to business management and accounting practice. Consideration is also given to the influence of institutions factors, government regulation, social change and technological innovation on business operations and decision-making, with particular emphasis on the learning needs of aspiring business and accounting professionals. Consideration is given to ethical business practice, and corporate social responsibility and sustainability.

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 will include preparatory coursework in reflective, professional practice and report writing. Assessment will include a reflective journal and professional report and presentation based on the internship placement.

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.

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.

This unit examines the regulation of capital markets and the legal aspects of debt and equity capital raising. Particular topics include: the role and relevant powers of the Australian Securities and Investments Commissions; the functions of the Australia Stock Exchange and the ASX listing rules; the structures, institutions and participants in capital markets; fundraising disclosure and transparency; insider trading and other prohibitions of market misconduct; powers of investigation and enforcement; derivative products and regulation; and legal aspects of securitisation.

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.

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 of Study 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.

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 will examine key international financial crimes such as investment fraud, corruption, tax evasion, money laundering and terrorist financing. Students will gain an understanding of how these crimes are committed, detected and prosecuted. They will 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 will also be studied. There will be a special focus on the prevention of financial crime, and the regime for tracing, freezing and recovery of illicit assets. The unit will draw 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.

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 a thorough treatment of the valuation of equity, debt 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.

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 extends prior work on portfolio theory and 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.

In our highly globalised and integrated world economy, understanding vital international dimensions of financial management is becoming increasingly essential for firms and businesses. This unit seeks to provide a greater understanding of the fundamental concepts and the tools necessary for effective financial decision making by business enterprises, within such a global setting.

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. The unit is designed to meet the ASIC "Generic knowledge" requirements under Policy Statement 146 for the licensing of Product Advisers (subject to approval). This unit also provides an overview of a number of other units which are offered in the postgraduate program.

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 your understanding of the complex and changing business information environment from the perspective of different stakeholders. You will 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.

In this unit you will explore the strategic managerial issues that arise from the implementation and use of Enterprise Systems as a means of integrating data and standardising processes. You will use a combination of practical sessions with an Enterprise System, such as SAP, and discussions analyses based on readings of case studies to explore the long-term effects of strategic implementation decisions, the issues with regard to Enterprise System implementation projects, and the emergent use of such systems, as they become part of the fabric of organisations.

Accounting is critical to project management and project management to accounting. Accountants make specialised contributions to project management in areas such as business case evaluation, budgeting, cost control, risk management and procurement. At the same time the work of accountants is both increasingly project based and reliant upon the products of projects such as accounting information systems. Within an accounting context this unit will introduce you to the end to end project management lifecycle. Based on the Project Management Body of Knowledge (PMBOK) you will learn the essential components of effective project management and how to apply them in an integrated manner. You will be exposed to both the technical and behavioural aspects of project management - including Microsoft Project. The unit can also contribute to you achieving internationally recognised accreditation from the Project Management Institute (PMI).

This unit focuses on the application of strategic thinking in key business contexts with a particular focus on the global nature of business. Specific attention is given to: (i) the identification and managing of new business opportunities both for entrepreneurial start-ups and for new ventures that emerge within a corporate setting; (ii) business model innovation as a basis for new ventures and business growth; (iii) the identification and managing of the specific challenges and risks presented by operating in a global business environment.

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 will help students understand variability and detect when variation is random and when something significant is going on. This unit will also enable students to uncover the relationships between variables that can be hidden in business data. Students will learn how to look at accounting data and use it to forecast business performance. Students will also be given examples of the misuse of statistics in an accounting context. The unit will be taught through data- driven examples, exercises and business case studies.

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.

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.