Bachelor of Business – Accounting Major

Program Aim

To produce graduates who have a broad knowledge and skills of business with particular expertise in their chosen field(s) to meet industry demand in local and global business environment.

Program Rationale

The Bachelor of Business program helps students to build the knowledge and skills necessary for a career in a wide range of areas within business and the not-for-profit and public sectors. The Bachelor of Business program is designed to allow learners to customise their program by sampling a range of business disciplines prior to choosing the business discipline in which to specialise through a selected Major. The program adopts enquiry-based learning approach that helps learners to develop important problem-solving and decision-making skills relevant to any business. Graduates go on to develop careers in the management of large, medium and small businesses in government and private sectors, both domestically and internationally.

Program Learning Outcomes

The Bachelor of Business program has the following learning objectives:

  • To demonstrate the ability to think critically and analyse complex business situations.
  • To demonstrate the ability to apply business theory of their area of specialisation in practice.
  • To demonstrate well-developed oral and written communication skills.
  • To demonstrate awareness of business ethics principles, corporate social responsibility and sustainability in a global context.
  • To demonstrate knowledge and skills in their field of expertise.
  • To demonstrate the capacity to work individually and as part of a team.
  • To demonstrate an understanding of corporate, legal, and regulatory environments.

Industry Needs

As identified by Andrew Norton in Grattan Institute’s report ‘Mapping Australian Higher Education’, there is a demonstrable skills shortage for qualified individuals across a broad range of business disciplines that needs to be satisfied. In addition to that, generally, the demand for higher education in Australia has been on the rise in the last decade and is still growing rapidly. The proposed Bachelor of Business with majors in Accounting, Hospitality Management, Information Systems, and Management are likely to contribute in satisfying that increased demand of higher education among domestic and international students.

Graduate Career Outcomes

Bachelor of Business qualifications are aimed to provide a broad-based foundation for entry into graduate positions that can lead to a wide range of rewarding careers. It is expected that graduates start a career in the fields including:

  • Accounting
  • Public Accounting Practice
  • Public Sector Accounting /Auditing
  • Business Analysis
  • Systems Analysis
  • Multinational Corporations Management
  • Hospitality Services Professions
  • Project Management Professions

Program Progression Rules

To complete the Bachelor of Business – Accounting Major program, the student would need to complete 24 courses in the following order:

Single Major (Accounting)

  • 8 First year common core courses (100 Level)
  • 10 Courses in chosen Major – at least 4 out of 8 courses must be at 300 level
  • 4 Courses in chosen Minor – at least 2 out of 4 courses must be at 300 level
  • 2 Elective courses

Program Location

This program is offered at our campuses in Sydney, Melbourne and Darwin.

Accounting Major

Semester 1

  • Communication in Business
  • Foundations of Accounting
  • Business Economics
  • IT and Business Processes

BUSC101

Course Information

The aim of this course is to provide you with the skills and knowledge of communication in the business environment. In this course, there is a strong focus on developing your understanding of theories of communication in business contexts and its application to effective business writing at a high level, persuasive and appropriate verbal and non-verbal communication, and interpersonal skills across teams and cultures.

This course is designed to give you a comprehensive view of communication, its scope and importance in business, and the role of external communication as well as an effective internal communication system. This course also develops an awareness of the importance of concise written expression to modern business communication.

You will be individually assessed on how to research and process information through your ability to conduct surveys, critical and logical thinking, communicating through visuals in oral presentations and in public speaking. You will learn to communicate in a logical, cogent, coherent, and well-organized manner.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Communicate and work effectively as an individual or in a group to develop and apply critical thinking and analytical skills
  2. Understand and express complex ideas accurately in oral, written, and visual communication forms
  3. Understand the opportunity to use interpersonal and communication skill in different business settings
  4. Review need of and be able to use current business technology
  5. Identify social and cultural implications of business situations
  6. Identify and assess ethical, environmental and/or sustainability considerations in business decision-making and practice

 

ACCT101

Course Information

In this course, you gain an introductory knowledge of accounting from a wide range of disciplines. It introduces you to accounting concepts in preparation for more advanced business topics within the Bachelor of Business program.

The overview of this course is for you to understand the accounting principles relating to the preparation of financial and managerial reports. In this course, the focus will be on the Income Statement, the Balance Sheet, Statements of Cash Flows, and Statement of Shareholders’ Equity. You will learn how to compile and analyse these financial statements, determine the value of a firm, and compare the firm to its competitors. This course will also focus on how to illuminate the accounting information for utilisation by a variety of stakeholders in planning, controlling, and investing decisions. For those continuing accounting studies, this course provides a general foundation upon which later courses will build upon.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Explain and apply basic financial accounting knowledge to complete the accounting cycle;
  2. Explain and apply basic management accounting techniques to resolve business problems;
  3. Prepare and interpret financial statements;
  4. Identify and interpret the role of ethics and sustainability in accounting; and
  5. Apply the key concepts and principles underlying the recognition, measurement, recording and provision of accounting information using manual accounting systems.

ECON101

Course Information

This course introduces economic concepts and principles which are useful in understanding the general economic environment within which businesses and other organisations operate. This course introduces the essential concepts, tools, and methods of statistics for you in business, economics, and similar disciplines, although it may have wider interest. This course will help you to develop the understanding that you will need to make informed decisions using data, and to communicate the results effectively. The focus is on concepts, reasoning, interpretation and thinking rather than computation, formulae, and theory.

The microeconomics components of this course examine how consumers and firms make decisions and how they interact with each other in markets. Topics covered include supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy.

The macroeconomics components of this course will help you to understand the entire economy and its wellbeing. Those topics look at the effect of factors such as inflation, exchange rates, interest rates and trade on the wellbeing and stability of the economy.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Describe and discuss the fundamentals of microeconomic and macroeconomic theory;
    Identify and illustrate simple economic tools that assist in decision making;
  2. Demonstrate economic literacy by communicating effectively using economic theory;
  3. Evaluate and critically analyse economic information to make informed business decisions;
  4. Describe and evaluate how government economic policies affect the national economy as well as individual businesses; and
  5. Apply an economic approach and way of thinking to analyse real world events.

ITIS101

Course Information

This course introduces you to the strategies associated with the implementation and delivery of IT and information systems.

By using a hands-on approach, you will learn methods, tools and techniques in the modelling and improvement of business processes. Subsequently, you will be able to evaluate the risks associated with the key types of information technology used in business today. By the end of this course, you will understand the relationship between information technology, business processes and information system effectiveness.

Throughout the duration of this course, you will be given the opportunity, via journal entries, to reflect on the material and discuss important aspects in the subject. In addition, a major component of the subject assessment will require you to prepare a report that substantiates information system requirements for a business. The report will document one key information technology/process such as a CRM or SCM system used in a modern firm, perform business process modelling and justify improvements made.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Describe and discuss the relationship between information technology and information systems and business performance and effectiveness
  2. Identify the key types of information technology used in business today
  3. Critically assess the advantages and disadvantages of different IT and information systems
  4. Discuss the key aspects associated with the implementation and delivery of IT and information systems
  5. Describe and discuss the risks associated with information systems
  6. Critically assess the ethical and privacy issues associated with IT and information systems

Semester 2

  • Marketing
  • Management
  • Fundamentals of Business Law
  • Business Statistics

MKTG101

Course Information

This course introduces you to the marketing function in an organisation. The course focuses on the management of the marketing activities and how marketing relates to overall organisational functioning, including the management of exchange processes between consumers and business units. By the end of the course, you will understand the importance of the marketing mix, including aspects of product design, pricing, placement, and promotion; and you will be able to analyse the marketing effectiveness of organisations with a focus on sustainability.

You will learn how to think like a marketer, discovering that the focus of marketing has always been on the consumer. You will begin to intuitively ask: Who is the consumer? What does the customer need? What does the customer want? Marketing is an understanding of how to communicate with the consumer.

Additionally, the course will provide you with opportunities for the practical implementation of the concepts covered and the development of problem-solving skills by various means.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Examine and discuss the key concepts and principles of marketing.
  2. Discuss how key marketing concepts can be used in analysing a range of marketing problems at local and global levels.
  3. Describe and discuss the fundamentals of market research, its aims, and objectives.
  4. Analyse the components of the marketing mix.
  5. Critically evaluate marketing strategies.
  6. Develop critical, creative and analytical thinking by performing a marketing analysis that results in a practical marketing plan.
  7. Demonstrate ability to work as an individual and as part of a team to understand a firm’s marketing records.

MGMT101

Course Information

This course aims to provide sufficient exposure for you to develop your understanding of the major themes and theories of management that are important in managing a business or organisation. This course looks at the main theoretical approaches to the management of organisations; principles of governing, the structure of organisations, theories of motivation and leadership; an appreciation of the role of culture and environment in the work of the manager; identifying modern approaches to operations management; understanding the role of teams in organisations; an appreciation of the importance of strategic planning and management; and an understanding of the ethical dimensions of the work of the manager.

You will learn to provide an explicit explanation of the link between theories presented in the course and organisational problems/management practice. Through the assessment tasks in this course, you will critically evaluate the implications of key factors in the external and internal environments that play a part in management practice. Also, to demonstrate an understanding of key aspects of management pertinent to the case study/report with skilled analysis of the implications for practice.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Demonstrate an understanding of key management theories and principles, and be able to analyse management functions.
  2. Identify and analyse key factors in the external and internal environments that affect management practices.
  3. Analyse the concept of an organisation’s social responsibilities.
  4. Critically analyse the role and importance of effective communication and information management.
  5. Apply theoretical models and concepts to current management practices, problems, and issues.

LAWS101

Course Information

In this course, you will be introduced to the Australian Legal System and the foundations of business and company law. You will develop the knowledge and understanding of the Australian legal system and sources of law in Australia, the commercial legal responsibilities, and risks of doing business, key aspects of the law of torts, contracts and consumer protection, and the law associated with starting, managing, financing, and closing companies and other business entities. By the end of this course, you should be able to identify legal and ethical issues that arise in business decisions and the laws that apply to them. You will also learn to present well-supported arguments to solve real-life business law problems.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Describe and discuss the key features of the Australian legal system as it applies to business law.
  2. Describe and discuss the laws that relate to the formation, operation, and termination of contracts and which affect their validity.
  3. Evaluate consumer protection legislation.
  4. Identify, analyse, interpret, and evaluate case law principles and statutory provisions as they apply to business law.
  5. Identify and analyse legal issues and problems as they apply to businesses (and hypothetical situations) and recommend appropriate courses of action with emphasis on legal precedent.
  6. Construct a coherent and logical legal argument.

BUSS101

Course Information

This course will introduce you to the quantitative tools that are necessary for day-to-day business needs. This course places a strong emphasis on developing a clear theoretical understanding of various analytical tools as well as an appreciation of the application of statistics to business decisions. These skills and competencies provide a foundation for professional practice for further study in the many different majors of the degree.

The objectives of this course are to (a) provide a basic knowledge of the application of mathematics and statistics to business disciplines; (b) develop an ability to analyse and interpret data to provide meaningful information to assist in making management decisions; and (c) develop an ability to apply modern quantitative tools (Microsoft Excel) to data analysis in a business context.

The main goal of this course is to help you develop computational skills and problem-solving capabilities using Excel as a tool for analysis and presentation of solutions to business problems. The emphasis will be placed on determining when it is appropriate to use the various techniques and how to use Excel to carry out the analysis. Interpretation of output generated by Excel is also an important objective.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Demonstrate an understanding of the concepts and methods used in analysis of business data;
  2. Identify and evaluate the correct statistical technique or analytical tool by focusing on the objective of the problem and the data type;
  3. Compute basic statistics and analyse both manually and using appropriate computer software applications such as Excel or SPSS; and
  4. Present and process suitable sample data, make basic statistical inferences and interpret statistical results, which lead to appropriate business interpretations in the context of the problem given.

Semester 3

  • Management Accounting
  • Financial Accounting
  • Minor Course 1
  • Elective Course 1

ACCT201

Course Information

In this course, you will learn on the accounting systems and techniques that provide information at all levels of management to be used in planning, controlling and decision making.

This course builds on the basic cost accounting knowledge acquired in the Foundations of Accounting course and further presents various management accounting practices and techniques that are adopted to ensure that organisational resources are used effectively and efficiently in creating value for customer and shareholders.

This course also covers a range of accounting systems where the principles and concepts are used to develop such systems can be applied to both manufacturing and service organisations.
Through this course, you will explore on the management of customer value parameters that is critical to value creation; and how management accounting practices can support value creation. You will be encouraged to critically think about issues that may arise in the topics taught and will improve their ability to address these issues with confidence beneficial in the work-based professional environment.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Calculate and demonstrate ability to manage costs;
  2. Discuss costing and cost allocation approaches under a variety of decision making and organizational settings;
  3. Evaluate the suitability of costing methods and cost drivers;
  4. Design costing and performance evaluation systems;
  5. Describe, analyse and evaluate various performance measurement techniques as they relate to business units and their managers; and
  6. Integrate multiple sources of information to construct a budget. Analyse and explain causes of variances.

ACCT202

Course Information

In this course, you will build on the framework of financial accounting where you will have integrated understanding of the fundamental accounting systems and accounting cycle applied to different forms of entities.

This course is essential for all individuals exposed to financial information in the workplace including accountants, auditors, financial analysts, managers, bankers, and oversight bodies involved in the preparation or use of company financial statements. It is also useful for those not wishing to become accountants but who plan to specialise in areas where accounting knowledge would be an advantage such as bankers and finance professionals, and those interested in management positions.

In this course, you will gain the knowledge of the ‘regulatory’ environment within which accounting procedures and reporting practices operate.
For different assessment items of this course, you will be able to critically think to identify, analyse and solve problems using the theories taught in the course to show that you understand, interpret, and communicate the knowledge and information learned from the topics taught in the course.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Discuss and evaluate the criteria for assets, liabilities; and equity as they apply to the components of the accounting equation;
  2. Demonstrate a broad understanding of the Australian accounting regulatory environment;
  3. Describe and discuss alternative models and theories of financial accounting;
  4. Apply contemporary financial accounting theory and practice to resolve accounting problems;
  5. Analyse and apply the accounting standards within a dynamic organizational environment, with a focus on complex transactions, specialized industries, and financial statement disclosure; and
  6. Demonstrate ability to competently communicate how to use financial accounting theory and practice to resolve accounting problem.

Possible Minor Courses:

Information Systems

Management

Hospitality Management

Students would be allowed to choose elective courses from the courses available/offered in the Bachelor of Business at CIM.

Any available/offered courses could be chosen, provided they are not part of the chosen major or minor.

Semester 4

  • Corporate Accounting
  • Fundamentals of Finance
  • Corporate Governance and Business Ethics
  • Minor Course 2

ACCT203

Course Information

This course builds on the knowledge that you have gained in management and financial accounting courses. In line with the knowledge and theories learned in the financial accounting course, you will learn further in detail the corporate accounting and the external financial reporting environment.

Throughout the course, you will focus on learning the requirements and understand on how to be compliant with the corporate legislation that is the Corporation Act and accounting standards issued by the Australian Accounting Standards Board (‘AASB’) when preparing the general-purpose financial reports. You will gain an understanding of how to apply the accounting standards in the preparation of consolidated financial statements as well.

The aim of this course is to instil in you the way of thinking and doing by a financial accountant through a structured approach to examine accounting requirements and apply it to problem solving. You will be challenged to think critically on corporate financial reporting by developing an appreciation for financial accounting techniques and the issues that arise in its practical application.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Describe and discuss the nature of companies and the regulatory environment in which they operate;
  2. Identify and interpret the key concepts in selected International Financial reporting standards relevant to external reporting;
  3. Apply the regulatory framework for financial reporting in Australia;
  4. Appraise the economic consequences of using different accounting methods on the financial statements;
  5. Demonstrate broad theoretical and applied knowledge sufficient to argue for and against accounting regulations and international harmonization;
  6. Prepare consolidated financial statements on the basis of Australian Accounting Standards; and
  7. Critically evaluate the information needs of users of financial statements including social and environmental performance in addition to mandatory requirements for the preparation and presentation of financial statements.

FINC201

Course Information

The theory and application of fundamental concepts of time value of money, the relationship between risk and return, portfolio theory of investment, and capital structure are examined in detail. You will apply these concepts and assorted financial tools to value stocks and bonds, estimate the cost of capital and implement the discounted cashflow technique to make capital budgeting decisions.

This course is designed to help you develop your understanding of the analytical approaches corporate managers use in making financial decisions to maximise firm value. This course begins by examining the different ways in which companies can be structured and the differing types of ownership that exist. A discussion of both the role of the financial manager within an organization and the roles of financial markets is used to provide a unified framework for all the topics discussed later in the class. The remainder of the course is broken into two parts. The first emphasizes the problems faced by a financial manager within an organisation.

Later, this course looks at financial markets and their role in pricing a firm’s securities and determining the cost of capital. The study of the problems faced by a financial manager begins by examining financial cash flows. This discussion emphasizes the importance of cash flows to firm value and the difference between cash flows and accounting measures of firm performance.

Afterwards, the principles and applications of financial mathematics are introduced, including the time value of money and the law of one price. Finally, the course will look at net present value and how firm managers should decide which potential projects to pursue.
The course develops distinct conceptual frameworks and specialised tools for solving real-world financial problems at both the personal and corporate level. Illustrations from real-life corporate practices are used to highlight the importance and relevance to business success.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Describe and evaluate basic financial tools and apply them to financial analysis and decision making in business;
  2. Evaluate and apply time value of money concepts to solve financial problems;
  3. Apply the diverse financial models to value real and financial assets;
  4. Synthesise the competing theories in capital structure policy, and evaluate the different models of cost of capital estimation;
  5. Evaluate and apply the concepts of risk management; and
  6. Demonstrate the ability to work as an individual and as part of a team to develop an investment proposal.

BUSE201

Course Information

This course equips you with knowledge of the legal regulation of companies, and with skills to analyse the legal and ethical challenges arising in the conduct of business. Study of the legal regulation of companies covers corporate governance and director’s duties, shareholders meetings, financial reporting and disclosure obligations, as well as the company’s relations with outsiders. You will develop your skills in legal analysis through examination of case studies in contemporary failures of corporate governance. Study of the ethical challenges arising in the conduct of business covers the major ethical paradigms against which modern business is commonly evaluated, including capitalism, environmentalism and corporate social responsibility. You will develop your skills in analysis and critical evaluation through the examination of case studies involving examples of contemporary challenges to business ethics, such as supply chain exploitation, multi-national tax avoidance and market manipulation. By the end of the course, you will be able to compare and contrast legal and ethical analyses of these challenges.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Explain the concept of ‘separate legal entity’ and how companies can incur civil and criminal liability
  2. Describe the Australian corporate governance regulatory framework
  3. Analyse contemporary corporate governance issues by reference to applicable law
  4. Explain ethical theories including capitalism, environmentalism and corporate social responsibility
  5. Apply knowledge of ethical theories to critically evaluate contemporary challenges to business ethics
  6. Communicate their knowledge coherently and by reference to credible sources

Possible Minor Courses:

Information Systems

Management

Hospitality Management

Semester 5

  • Auditing
  • Management Control Systems
  • Accounting Systems
  • Minor Course 3

ACCT301

Course Information

In this course, you will examine the practice of auditing and the underlying concepts, auditors’ responsibilities, and the audit environment. You will be exposed to the fact that audit comprises of a fundamental component of the recurrent and strategic activities of nearly all professional occupations. While a small group of jobs focus exclusively on internal and external audit tasks, the majority of commerce graduates will utilise the principles and practices of risk assessment, internal control, systems evaluation and forensic accountability in their professional lives.

You will be introduced to assurance and auditing including changes in the audit profession and professional and regulatory organisations. The course also explores professional ethics and legal liability issues for auditors. The remainder of the course focuses on the key issues associated with financial statement audits, including audit planning, audit evidence, tests of controls and substantive testing. You will also learn to critically analyse and evaluate real world auditing problems and prepare and justify an audit opinion for a given set of circumstances.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Define and explain the auditors’ roles and responsibilities demonstrating an understanding of auditing principles, standards, and practices;
  2. Explain the regulatory and ethical framework in which auditors operate and apply these to resolve ethical dilemmas;
  3. Analyse financial information to identify key risk areas and explain their impact on the audit approach;
  4. Identify, discuss, and apply appropriate audit procedures to key risk areas;
  5. Prepare and justify an audit opinion for a given set of circumstances; and
  6. Critically analyse and evaluate real world auditing problems.

ACCT302

Course Information

Management control systems are the formal and informal structures put in place by a business that compare the goals and strategy of the organisation against its actual outcomes.
This course aims to examine the design and application of management control systems, while considering various factors that influence such design. You will be introduced to a number of control typologies. To evaluate effective design, we will consider the ‘fit’ of various control systems in relation to a range of situational factors. Special attention will be paid to the changing design of management control systems within contemporary organisations. This course will also examine the necessary factors to manage change as organisations and their management controls change are examined also. You will also have a sound understanding and awareness of the ethical, social, and sustainability considerations in business decision-making and practice.

This course builds upon foundational knowledge of management systems including performance management and control systems aligned with organisational strategy. You will be taught to maximise the probability of success, organisations must ensure the effective design and application of management controls.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Explain the role of performance management and control systems’ play in planning and controlling organisational activities.
  2. Evaluate and analyse the link between strategy, planning and control systems;
  3. Identify and assess long term sustainability considerations in the business decision-making process and practice;
  4. Evaluate and prepare written report on a business’ financial and non-financial performance;
  5. Describe, analyse and evaluate various performance measurement techniques as they relate to business units and their managers;
  6. Demonstrate the ability to work as an individual and/or as part of a team to evaluate financial and non-financial performance using various tools, measures, and concepts; and
  7. Demonstrate advanced ability to communicate management control systems issues orally and/or in writing.

ACCT303

Course Information

This course will build on the fundamental knowledge of accounting procedures gained in prerequisite course(s). The main aim of this course is to introduce the fundamentals of Managing Information Systems – with particular emphasis on the accountant’s perspective. This course will critically enhance the knowledge that you require to examine and evaluate accounting information systems, both manual and computer based. The basis of the course is the accurate recording of all transactions following the globally accepted principles of double entry accounting. You will be able to make informed judgements on how internal control is critical to the performance and activities of small businesses in relation to their accounting information systems. On completion of this course, you should be able to design an effective accounting information system necessary to meet the needs of a typical small business.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Critically analyse the major functions performed by accounting information systems;
  2. Design and develop solutions to resolve accounting information systems problems;
  3. Map and document accounting information systems and business processes;
  4. Evaluate organisational information systems using risk and internal control principles and techniques;
  5. Select and apply appropriate internal control processes to mitigate key risks; and
  6. Apply the key concepts and principles underlying the recognition, measurement, recording and provision of accounting information using computerised accounting systems.

Possible Minor Courses:

Information Systems

Management

Hospitality Management

Semester 6

  • Taxation
  • Accounting Theory and Issues
  • Minor Course 4
  • Elective Course 2

ACCT304

Course Information

This course provides you with an introduction to, and overview of, fundamental concepts of tax law in Australia. This course is designed to provide you with the ability to interpret and apply taxation legislation, judicial interpretations and policy, and taxation practice. The aim is for you to learn about the complexity and comprehensiveness of the Australian taxation system demands that tax considerations must be taken into account in nearly all business decisions. Additionally, you will enhance your ability to solve tax problems through the development of skills in interpreting legislation and cases and in finding the applicable law, as well as developing a systematic approach to responding to such problems.

The main topics in this course provide introduction to, and overview of, fundamental concepts of income tax law. including Introduction to Taxation and income tax, capital gains tax, fringe benefits tax, and goods and services tax; Jurisdiction to Tax; Assessable Income, including taxation of capital gains and losses; Non-Assessable Income; Deductions; Tax Accounting; Tax Treatment of Tax Entities; Anti-avoidance; and Tax Administration.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Evaluate the rules and principles of Australian tax law including the legal environment in which these principles operate such as the basics of the legal system, constitutional considerations, and separation of powers;
  2. Identify, interpret, and apply taxation rules and principles relevant to assessable income, allowable deductions, tax offsets, tax accounting, tax concessions, exemptions and incentives to a range of practical scenarios;
  3. Critically analyse key aspects of taxation that extend the ordinary income tax base such as capital gains tax and fringe benefits tax principles, as well as termination payment rules and where appropriate apply these to an individual taxpayer;
  4. Critically analyse, identify and apply taxation legislation as it relates to different taxable entities such as individual taxpayers, partnerships, trusts, and companies;
  5. Calculate the final income tax and fringe benefits tax liability as it applies to basic taxable entities; and
  6. Examine specific and general anti-tax avoidance rules as well as administrative provisions to assess the obligations of a taxpayer and justify the avenues for challenging taxation assessments.

ACCT305

Course Information

This course exposes you to the underlying theories and other influences that have played an important role in shaping accounting practice. The course considers emerging issues currently being addressed by researchers. You will gain to have an understanding of the historical and contemporary issues that have influenced the development of accounting practice, accounting regulation and accounting thought.

Over time, accounting theory has focused on three main approaches or viewpoints which are the descriptive (positive), normative and critical viewpoints. By using these viewpoints, the course examines current issues such as social and environmental accountability, the ethical and global dimensions of accounting, Conceptual Framework projects and the political context within which accounting policy decisions are made.

This course will present a theoretical framework for examining accounting issues and practices that gives you a chance to develop high-level critical and analytical skills. This will help you present arguments and opinions on a broad range of accounting issues, with some authority.

Course Level Aims and Learning Goals

The Course Learning Outcomes (CLOs) specify what you should know and be able to do by completion of this course. The CLOs aim to contribute towards your attainment of the Program Learning Outcomes (PLOs) and Graduate Attributes (GAs), discussed further below. The CLOs are:

  1. Demonstrate an advanced understanding of the social and economic role of general-purpose financial reporting through corporate reporting practices and current accounting issues including the influence of cross border complexities;
  2. Critically analyse and evaluate financial and non-financial reports using various analytical methods and tools;
  3. Explain and evaluate key accounting theories as explanations of business behaviour and outcomes;
  4. Demonstrate skills in the application of a variety of methods to analyse complex issues to broaden overall understanding of accounting issues and present findings to a professional level; and
  5. Discuss, analyse and critically evaluate a range of real world contemporary accounting issues.

Possible Minor Courses:

Information Systems

Management

Hospitality Management

Students would be allowed to choose elective courses from the courses available/offered in the Bachelor of Business at CIM.

Any available/offered courses could be chosen, provided they are not part of the chosen major or minor.

Check your Entry Requirements