Recommended Study Sequence

This unit provides exposure to financial and management accounting information from a user of accounting information viewpoint. The unit aims to provide breadth of awareness and knowledge in relevant fields of accounting essential to decision making for managers.

This is an introductory law unit designed to introduce the fundamentals of law in a commercial context. The unit introduces students to the basic principles of law and the legal system as well as examining some of the major areas of law that impact on commercial dealings. This unit examines the structure of the legal system, the way law is made and legal problem solving. The main areas of law covered include contracts, torts, consumer protection and agency

This unit is an introduction to economic concepts and contemporary economic issues. It introduces students to basic concepts such as markets and their operation, the behaviour of firms, the efficiency and potential failings of free markets, the role of government, key macroeconomic variables and problems such as unemployment. It illuminates these concepts via application to contemporary economic issues and debates over different theoretical perspectives. This unit also exposes students to recent developments in economics via presentations by specialist guest lecturers.

This unit provides students with a range of basic skills in mathematics and statistics, which are useful in business and the finance industry. After reviewing basic methods of algebra, functions and their uses are discussed. The mathematics of finance are covered in some depth, including interest, present and future values, annuities, periodic payment, depreciation bonds and debentures. The uses and abuses of statistics are discussed by looking at ways of presenting data, both in tables and pictorially. Finally probability,decision making and index numbers are introduced.

This unit gives students the practical skills necessary to analyse the accounting transactions of an entity and then be able to measure and record these transactions in a systematic manner for the preparation of accounting reports to external users.

This unit provides an introduction to management accounting in an e-commerce environment. The interrelations of management accounting to other functional areas, to suppliers, to customers, and to other sources of external information relevant to planning and control are examined. Topics include the development and logic of routine and non-routine analysis performed to support management decision making.

This unit deals with legal issues concerning the creation and control of companies and compares this structure with other forms of business organisations, such as partnership, trusts and sole traders. This unit will provide students with an appreciation of the law of partnership, and companies and, for the sake of completeness and comparison, a brief examination of the law regarding unincorporated and incorporated non-profit associations.

Based on the understanding of the nature of professional work and its essentially collaborative nature, this unit examines the types of organisational structures in which professionals work and identifies the leadership and interpersonal skills needed to mould people engaged on professional work into a co-operative, self directed workforce. It recognizes the importance of encouraging effectiveness and ethics in professional roles and proposes the concept of a 'community of practice' as a means for sharing essential knowledge and developing stragetic agendas.

This unit deals with legal issues concerning controls over and enforcement of various kinds of legal obligations in business. Topics covered include: sale of goods, consumer protection, manufacturers' liability, insurance, negotiable instruments and banking, property trusts, securities and insolvency.

Topics in this unit include: constitutional basis of taxation; income tax assessment; concept of income tax; allowable deductions; other federal and state taxes; taxation of business associations (partnerships, companies, trusts and primary producers); taxation accounting, administration and practice; taxation planning and avoidance.

This unit introduces the fundamental concepts of finance theory and the tools of financial decision making in the context of the Australian institutional environment. These concepts relate primarily to the time value of money, risk and return, capital budgeting and capital structure. The unit's purpose is to develop an understanding of the basic practices of financial management from the perspective of a firm (both large and small). Students examine the investment, financing and dividend decisions of corporations.

This unit will introduce students to and assist them in the development of a broad range of necessary skills required by today’s professional advisers. Such skills are highly valued, transferable and universally recognised in the world of work and will assist students in managing their day to day relationships with clients and colleagues. Skills include • Creation and on going maintenance of the client adviser relationship and a recognition of the importance of trust as the foundation of that relationship • Identification of the broad needs of clients and an appreciation of differing levels of client financial literacy • Communication and interpersonal skills which contribute to productive relationships with clients and colleagues • Professional/Academic research and writing skills • Enhance team based skills that contribute to productive working relationships and outcomes

This unit examines the Commonwealth statutory regime to the Goods and Services Tax and the NSW statutory regimes relating to Payroll Tax, Land Tax and Stamp Duty. It provides the framework to critically assess proposals for reform of these taxes.

This unit addresses the advanced aspects of accounting with particular emphasis on accounting philosophies and theories, and selected accounting standards and applications.

This unit focuses on regulatory issues relating to financial services. It covers issues such as financial services reform, retail verses wholesale clients, FSRA, Australian Financial Services Licence, conduct and obligations, impact on investments, statutory regulation of financial markets, ASIC’s power, liability and enforcement.

The unit endeavours to provide students with an understanding of the complex process and contextualisation of the Australian Financial Planning Industry. This unit aims to introduce students to the principles of personal financial planning and the provision of personal financial advice including the preparation of a Statement of Advice (SOA). Topics covered include the current Australian regulatory environment, strategies for the accumulation of wealth and risk protection, retirement planning, estate planning, taxation consequences, debt and credit management and home ownership. This unit meets ASIC requirements (PS146) in relation to both knowledge and skills.

This is an advanced level study of selected aspects of income tax and capital gains. It includes an examination of other taxes, including sales tax, stamp duty, payroll tax, death duty and estate duty.

This unit builds on the fundamental knowledge of accounting procedures gained in Intermediate Financial Accounting. It involves the comprehensive study of aspects of corporate accounting and reporting which are regulated by legislation, accounting standards, Australian Securities and Investment Commission and Stock Exchange requirements. This unit is designed to provide students with grounding in the regulation and practice of corporate reporting in Australia. The major orientation is towards the theoretical and practical aspects or corporate reporting, whilst at the same time exploring the reasons for regulatory disclosures.

This unit examines the development and operation of information systems and the subsequent audit of financial information produced by these systems.

This unit addresses the advanced aspects of accounting with particular emphasis on accounting philosophies and theories, and selected accounting standards and applications.

This unit provides students with necessary knowledge and skills to construct and manage a portfolio of personal assets. Emphasis is placed on how the individual, rather than the firm, approaches financing and investing decisions. The unit will consider the theories of portfolio construction, concepts of investment risk, return and diversification, matching asset allocation based on client's individual risk profile, design and management of a personal investment portfolio and the law as it relates to investments.

This unit provides a substantial grounding in the theories and practices of insurance and risk management so as to enable the student to make knowledgeable risk management decisions. Topics covered include introduction to risk and the risk management process, risk management techniques, property and liability exposures, risk management for home owners, business liability and insurance, health insurance, life insurance, loss of income exposures, annuities and employee benefits, insurance industry, government regulation of insurance, and implementing risk management decisions.

The unit aims to provide a detailed study of laws which impact on estate and succession planning, with a focus on identifying practical and strategic planning opportunities and outcomes. The unit forms part of the elective stream of a sub-major in financial planning. Some issues considered in this unit also have an impact in respect to investments, insurance and risk management, retirement, superannuation and taxation consequences.

This unit aims to provide a study of the laws which impact on advice and decisions relating to retirement planning, with a focus on identifying practical and strategic planning opportunities and outcomes. It forms part of the elective stream of financial planning. Some issues considered in this unit also have an impact in respect to investments, insurance and risk management, superannuation and taxation consequences.