What Subjects are in the Accounting Stream of the UBSS MBA?
In addition to completing the CORE program within the UBSS Master of Business Administration, students are required to choose an additional stream with 8 subjects embedded.
The Accounting Stream is one option available. The subjects include -
Postgraduate Brochure 2023
A little more detail about the eight subjects is provided -
MAC001 Financial Accounting & Reporting
This subject is an advanced financial accounting unit with an extensive coverage of selected Australian Accounting Standards (the Standards). The subject builds on introductory financial accounting units and introduces students to challenging and in-depth financial accounting issues.
The topics include the Conceptual Framework, Accounting for Current and Non-current assets, Impairment, Accounting for Liabilities and Equities, and Foreign Currency Translation. The topics presented dive into the key recognition, measurement, and disclosure criteria for each of the key areas. These topics are expected to enhance students’ understanding and application of the Standards. The subject is designed to equip the students with the necessary skills and knowledge to resolve common accounting problems.
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MAC002 Accounting Information Systems
The objective of this subject is to provide students with a broad introduction to accounting information systems and the role technology plays in accounting. With many businesses becoming time-based organisations, there has been an increasing use of both Information Technology (IT) and Information Systems (IS) to gain that competitive advantage. With today’s business students required to exhibit their understanding of the applicability of IT/IS in a business environment, the focus of this subject will be on the fundamentals of Accounting Information Systems as an introductory note. This subject then progresses towards covering the nature, role and benefits of information systems in management decision-making to enable students to understand the diverse role of IS in the overall decision-making of the organisation.
The subject begins with with fundamentals of Accounting Information Systems as an introductory note. The subject then progresses towards covering the nature, role and benefits of information systems in management decision-making.
The subject comprises of seminars and tutorials to enhance the interpersonal and communication skills required in today’s dynamic industry environment. This unit also explores ethics and cyber-crimes, internal controls, business processes and auditing of accounting information systems.
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MAC003 Management Accounting
This subject primarily aims at using accounting/financial information for planning and control purposes. The subject focuses on introducing accounting for costs by emphasizing key concepts and techniques and using these concepts and techniques for short-term/tactical decision-making.
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MAC004 Quantitative Methods
This subject of study aims to develop students’ competency in statistical literacy for decision-making in the local and global business environment. It reviews statistical techniques for the quantitative evaluation of data in business and economics applications. Students will develop analytical and statistical skills to enable them to transform data into meaningful information for decision-making and to analyse information presented in reports.
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MAC005 Audit and Assurance
The subject aims to familiarise the student with some of the key tools used by auditors for collecting and evaluating evidence, in both manual and computerised accounting information systems, to enable them to express an opinion on the fair presentation of financial reports.
The subject also aims to provide students with an insight into the current environment in which auditors operate, including legal liability, ethical and other professional aspects such as the ‘audit expectation gap.’ As such, the subject provides, at both a conceptual and practical approach, a picture of the audit process in light of contemporary audit issues.
This subject exposes students to common analytical procedures and computer-assisted audit techniques, ethics consideration and other assurance services in the marketplace. The lectures designed are closely aligned with the Australian and International Auditing Standards and reflect the current market practice.
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MAC006 Advanced Financial Accounting and Reporting
This subject is primarily concerned with the consolidation of financial statements under the relevant Australian Accounting Standards for external financial reporting purposes. The subject focuses on the concept of control and key elimination techniques. These aspects are essential to the consolidation process.
In addition, the subject examines the accounting for equity financing and debt financing. An introduction to equity-accounted investment is made according to the requirements of AASB128.
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MAC007 Strategic Management Accounting
The main aim of this subject is to ensure that strategic management accountants are able to contribute to the strategic development of the organisation which would in turn enhance customer and shareholder value, thereby creating a competitive position for the organisation.
This subject highlights the management accounting tools and techniques of value chain analysis and project management as these have gained increasing prominence in the corporate environment these days. The responsibilities and judgement of a strategic management accountant are also aptly discussed in this unit. The subject aims to introduce strategic financial management as an integrated way of thinking about the key drivers of value in organisations.
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MAC008 Taxation Law
The subject covers the concepts of income taxation and the taxation of capital gains in their underlying historical, social and constitutional contexts. It includes discussion and learning of the policy and constitutional requirements of taxation, the legal definition of income, taxation of income from personal services, property and business, taxation of fringe benefits, indirect taxation of goods and services, taxation of capital gains, taxation of companies and allowable deductions from assessable income in personal and business contexts.
Furthermore, the aim of this subject is to introduce students to the general principles of the taxation laws of Australia through a study of the Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 and other important legislative provisions as well as a study of the common law applying to taxation principles.
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This particular stream provides a most valuable option to students wishing to pursue a career involving accounting, finance and financial planning.
Emeritus Professor Greg Whateley is the Deputy Vice-Chancellor of GCA
