Business School Courses for Summer Term 2020

Please note: The following information is provided as a guide only to help you find information about Summer Term courses. Offering information may change so please refer to the Handbook for more current information.

Accounting and Financial Management 1B

Course Code: ACCT1511

Taken together, the accounting course in the compulsory core (ACCT1501) and this accounting course form an integrated study program designed to give students an understanding of the way in which financial information is generated and used, and to provide an appropriate platform for further study in accounting. On completion the first year accounting courses seek to develop students’: technical competence in recording economic events in the accounting system; a critical understanding of key technical terms and concepts so as to interpret accounting information and reports in the financial press; an ability to argue a reasoned position on key questions of accounting theory and practice; and familiarity with institutional structures that affect the practice of accounting. Topics covered in this course will include accounting for non-current assets and liabilities, revenues and expenses, balance sheet and income statement preparation, cash flow statements, ratio analysis, accounting policy choice and further detail on management accounting (including costing systems and budgeting).

Corporate Financial Reporting and Analysis

Course Code: ACCT2542

This intermediate financial accounting course is intended for students who will be involved in the preparation or use of corporate financial reports whether as accountants, financial executives, auditors, financial analysts, actuaries or legal advisors. This course builds on the foundation laid in ACCT1501 and ACCT1511 and covers financial reporting on, and analysis of, more complex business transactions, events and structures. Topics include, accounting for various types of equity investments such as subsidiaries, associates and joint ventures, tax effect accounting, disclosure issues and understanding the regulatory environment in which financial statements are prepared.

Auditing and Assurance Services

Course Code: ACCT5908

This course examines the practice of auditing, the underlying concepts, auditors’ responsibilities and the audit environment. Although the focus of attention is on audits carried out under the provisions of the Corporations Law, reference is also made to other assurance and related non-assurance services. The course is intended to provide an overview of the audit process as it exists in Australia and internationally. Focus is on both the conduct of the audit (as an auditor) and interaction with the audit function (as a member of the business community). Topics include: risk based auditing approach; assessment of risk; development of audit strategy; internal control evaluation and compliance testing; substantive testing; analytical review; auditing in an information technology environment; audit sampling; audit reporting; contractual and common law duties; the critical role of ethics; and an introduction to other assurance and related non-assurance services.

Strategic Management Accounting

Course Code: ACCT5931

This course introduces emergent thinking about the interfaces between financial and business performance with a focus on adding value to the business, rather than emphasising financial control. The link between strategy and resource management is highlighted, in focusing on the effective use of an organisation’s financial and other resources in creating value for customers and shareholders. The course aims to introduce strategic financial management as an integrated way of thinking about the key drivers of value in organisations.

Corporate Accounting and Regulation

Course Code: ACCT5942

ACCT5942 examines the preparation of external financial reports by corporate groups that are reporting entities in accordance with the Corporation Act, 2001 (Cth). The primary learning objective of the course is to apply the techniques of group accounting including consolidation accounting, equity accounting and the line-by-line method for jointly controlled operations or jointly controlled assets.

Advanced Financial Reporting

Course Code: ACCT5943

This course introduces students to special topics relating to Australian financial reporting with an emphasis on recognition and measurement of assets and liabilities. It focuses on the analysis of a range of contemporary accounting issues within theoretical frameworks such as agency theory and systems-oriented theories; and from the perspective of the conceptual framework used in setting accounting standards.

Global Business Practicum

Course Code: COMM3020

The COMM3020 Global Business Practicum is an experiential and intensive for-credit course. It provides students the unique opportunity to gain international understanding, exposure and workplace skills through studying and working in a specified location overseas. Summer locations are Mumbai, Jakarta & Tel Aviv.

Global Business Practicum

Course Code: COMM5020

The COMM5020 Global Business Practicum is an experiential and intensive for-credit course. It provides students the unique opportunity to gain international understanding, exposure and workplace skills through studying and working in a specified location overseas. This summer the location is Ho Chi Minh, Vietnam.

The central component of the course is the opportunity to work in small cross-disciplinary student consulting team on a genuine business issue of a client organisation, such as local branches of international financial, marketing and technology corporations. In addition, students will also attend master classes by local industry leaders, government officials and academic experts and learn about the local culture through fieldtrips to important cultural landmarks.

Marketing Fundamentals

Course Code: MARK1012

In today's business world, marketing is viewed as central to creating and delivering value both to the organisation and to the customer. It impacts all aspects of a business organisation, shaping and directing corporate through to marketing strategy. Many companies acknowledge that their growth and survival depends on putting the customer at the centre of their planning. Thus, an understanding of marketing is essential for any business student.

This course introduces the student to the major concepts and theories, reflecting the breadth and diversity of marketing. It provides insights into where marketing fits within an organisation, its contributions to business in general, describes frameworks supporting marketing activities, and helps with challenges in the ever changing market place. It discusses the application of this understanding to consumer goods, as well as service, business-to-business, industrial and non-profit organizations, and to the growing area of e-commerce. Topics include: marketing processes and planning, the use of market research, an understanding of consumers and customers, decision-making and the marketing mix, market segmentation, positioning and product differentiation, the changing global environment.

Managing Organisations and People

Course Code: MGMT1001

Managing Organisations and People is a foundational core course offered in the main bachelor degree programs. This course introduces students to the knowledge and skills required to successfully manage organisations and people in a global economy, based on contemporary research and practice. The course is designed to provide strong foundations for the development of future organisational leaders and managers who will be able to successfully respond to complex and turbulent environments, promote and sustain strategic advantage, ensure ethical and social responsibility in business practice and decision making, and manage changing social, political and technological factors both inside and outside the organisation, in an increasingly global and diverse workplace.

Global Business Environment

Course Code: MGMT1101

This course examines key global environmental factors and issues impacting on the development of international business. Major topics include: globalisation of business; national differences in the political, social and legal environment, political and country risk; cultural differences and their impact on international business; ethical issues in international business; international trade issues; theory and politics of foreign direct investment; international competitiveness; the internationalisation of business activities and the development of multinational enterprises; foreign exchange markets; the international monetary system and development of the global capital market.

Negotiation Skills

Course Code: MGMT3721

This course provides a set of generic concepts and skills for negotiation and resolving interpersonal and inter-group conflicts. Students gain the opportunity to work with theory, skills and processes of negotiation relevant to a wide range of contexts: commercial; organisational; community; political and public policy; legal; and industrial relations. This course will provide an analytical understanding of negotiations, including negotiation planning, strategy and tactics, as well as the development of the practical skills necessary for implementation of this knowledge. Students will gain these practical skills through participation in negotiation seminars. The seminar programme is made up of negotiation role play exercises which develop in complexity as the course progresses.

Career Management

Course Code: MGMT2725

Note: This course will run intensively over 3 weeks

This course aims to provide an understanding of the strategic role that effective career management plays in a successful career and life. Because successful career management has been empirically linked to intrinsic and extrinsic career satisfaction, career management skills should be learned and practiced. To do so necessitates first an understanding of the extant career literature and how you can apply it to your career path. To this end, concepts, techniques, tools, and processes are explored, with an emphasis on linking theory and empirical research with practical lifelong skill development.

Entrepreneurial Ecosystems

Course Code: COMM1040

Note: This course will run intensively over 3 weeks

Entrepreneurship in the 21st century is rapidly evolving. Disruptive changes in technology, manufacturing, supply chains, talent, communication, and capital markets have led to the rise of global startup ecosystems. Governments, corporates and universities are recognising the potential for the next wave of economic growth to emerge from disruptive startup enterprises, and are working together to nurture them via grants, tax incentives, direct funding, subsidised space, education, competitions, purchasing policies, mentoring and partnerships.

This course provides exposure to the fundamentals of global entrepreneurship ecosystems and the practical aspects of identifying, evaluating, and moving business ideas forward in them. The course inspires students to critically think about how entrepreneurs identify opportunities, understand customer needs, harness resources, create innovative business models, attract capital and solve real-world challenges.

The course addresses key contemporary topics in entrepreneurship ecosystems and their application in any field—from business and design to healthcare and product development. The course aims to provide foundational knowledge of entrepreneurship ecosystems, lean startup and design thinking methodologies applied in startups. Students will explore the rise of Sydney as one of the world’s emerging entrepreneurial cities through experiential learning, employing the latest in VR and AR technologies.

Comparative Tax Systems

Course Code: TABL3044/5544

Note: This course will run intensively over 4-5 days

The course provides students with a comparative overview of the tax systems of various countries, with a view to developing a conceptual and practical understanding of the reasons why tax systems differ (and why they are sometimes so similar). The objectives of the course are to help students understand the characteristics that tax systems have in common, the areas in which tax systems differ, and the factors (legal, institutional, political, economic, social and cultural) that cause the similarities and differences.

The course covers areas such as tax structures, tax at different government levels, different types of tax (including income taxes, consumption taxes, capital & wealth taxes, and environmental taxes), tax operating costs, tax administration and tax policy making and reform.

Specific Tax Jurisdictions: North America

Course Code: TABL5535

Note: This course will run intensively over 4-5 days

This course is part of the Master of Taxation but may also be studied as part of the Master of Applied Tax. It involves a detailed study of the domestic taxation laws of a selected country in North America (usually the USA) and is taught with the assistance of a person expert in the taxation laws of that jurisdiction. Particular attention will be paid to the domestic taxation laws of that selected country from the perspective of an international investor in that country and comparisons of those rules with international norms or the rules of other commercially important jurisdictions will be made. Students in this course will develop an understanding of where the chosen jurisdiction fits into the scheme of world tax systems and the expectations of the OECD and its member states. The specific jurisdiction to be covered in a particular year of offering should be ascertained by consulting the School. Recommended Prior Knowledge Taxation law Course Objectives Students in this course will develop an understanding of where the chosen jurisdiction fits into the scheme of world tax systems and the implications of economic activity in that jurisdiction. Assessment 1 research paper 1 exam.

Taxation Law

Course Code: TABL5551

The level of Australian income taxation along with the complexity of the income tax system means that tax considerations continue to be a major factor in  business and investment decisions. Some of the complexity is due to tax concessions, the decision to tax non-cash benefits (fringe benefits) in the hands of the provider (instead of recipient) and the interaction between the income tax, the fringe benefits tax (FBT) and the goods and services tax (GST). After briefly dealing with tax policy, tax mix, tax reform and tax administration issues, this subject mainly concentrates on income taxation in Australia. However, it also briefly deals with FBT and the GST. Topics include, concept of income, other assessable income items, capital gains tax within the income tax, allowable deductions including capital allowance deductions such as depreciation, taxation of trading stock, taxation of partnerships, taxation of trusts, taxation of corporations, anti-avoidance or anti-tax planning provisions, FBT, GST and the interaction between the income tax, FBT and GST.

Business Ethics and the Law

Course Code: TABL2712

Society increasingly demands ethical and social responsibility. This course provides an ethical dimension to the conduct of contemporary commerce in Australia. Although ethic exist independently of the law, legislative and common law developments are increasingly imposing higher standards of commercial morality. This course examines the conceptual basis of ethical behaviour, and the increasing attempts by the law to prescribe ethical behaviour, through a series of case studies drawn from disciplines within the Faculty's jurisdiction.

Creating Social Change: From Innovation to Impact

Course Code: COMM1000

Note: Fully Online Course

Do you want to lead change and implement social innovations? Would you like to find ways to address complex social problems? This course is for aspiring change agents across all sectors, including business, not-for-profit and government. Whether your career lies in business, law, art and design, arts and social sciences, the built environment, science, engineering or medicine, you will develop practical skills to lead complex systems for create better social outcomes. We explore the issues that policy makers, industry leaders and social service providers grapple with every day, such as inequality, place-based disadvantage, mental health, homelessness, and human rights. We will introduce models for systems change, social innovation, and cross-sectoral collaboration. You will complete the course with a broad understanding of social systems and the keys to initiating and sustaining positive social change. The course introduces local and global trends through a range of case studies, and you will have the opportunity to hear directly from experts in business, government and social purpose organisations who have successfully initiated social change.

Social Entrepreneurship Practicum (SIH)

Course Code: COMM3030

Note: The final grade for this course will be Satisfactory / Unsatisfactory.

The UNSW Business School in collaboration with the Social Impact Hub are offering students an opportunity to undertake the COMM3030 Social Entrepreneurship Practicum at The Social Impact Hub enabling students to put their business skills and knowledge to use in planning and implementing a real project in a field of social impact. Your team will be supervised by an expert in the field who is focused both on the project work and helping you to develop your consulting and business skills.

Students are required to attend the Social Impact Hub and work with a social enterprise or not-for-profit organisation on a real-world project in a field of social impact such as a social enterprise development, impact investing, impact measurement, philanthropy and human rights. You will gain invaluable practical experience while making a positive difference at the same time!

Social Entrepreneurship Practicum (Sydney)

Course Code: COMM5030

COMM5030 Social Entrepreneurship Practicum - Sydney is a practicum course that enables students to put their business skills and knowledge to use on a real social entrepreneurship project sourced from a social enterprise client.

Social entrepreneurs use business thinking and business process to develop operating models aimed at creating positive social outcomes for people in need. In COMM5030 students will work with a social entrepreneur in a consulting process that requires teamwork, autonomy, and strategic thinking.

Capital Markets and Institutions

Course Code: FINS1612

Note: Blended: Online course with on campus face-to-face final exam

This course will provide students with an introduction to Australian financial markets and an evaluation of the institutions, instruments and participants involved in the industry. The mainstream markets to be evaluated include the equity, money, bond, futures, options and exchange rate markets. The subject systematically reviews each of the mainstream financial markets and investigates the various institutional participants and the different types of financial instruments offered.

Business Finance

Course Code: FINS1613

Note: Fully face-to-face

This is a first level corporate finance course that looks at the essential aspects of financial decision-making. The course begins with the different ways in which companies can be structured and the differing types of ownership that exist. Thereafter, the principles and applications of financial mathematics are introduced and used to value securities and investment decisions. Portfolio theory is used to provide a foundation for determining the relationship between expected risk and returns in financial and real asset investments. Dividend payouts and the choices between debt and equity financing, including methods of determining the cost of capital, are also covered. Further, this course includes analysis of the influence of the capital market environment, the implications of financial risk, taxation and the conflict of interest between managers and investors on the value and operation of businesses. 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 of financial management to the realisation of personal and corporate financial objectives. Examples include personal financial planning, funds management, capital raisings, portfolio selection of financial securities, private equity, public floats and the pricing of assets in the stock market.

Wealth Management

Course Code: FINS2643

Note: Blended: Online course with on campus face-to-face final exam

This course teaches a professional financial planning process to manage personal finance, credit, investment and other wealth management tasks. The course consists of four sections: First, an introduction of the financial planning industry, financial planning process and regulatory frameworks. Second, fundamental topics including the taxation, social security, home ownership and credit management. Third, specific topics required for the construction of a comprehensive financial plan: tax planning, investment strategies, risk management and insurance, superannuation, and estate planning. Fourth, the course examines ethics framework and its application in the provision of financial planning advice. The curriculum of this course adapts to professional and regulatory education requirements.

International Business Finance

Course Code: FINS3616

Note: Fully online course, online final exam

This course provides students with the basic theoretical and practical knowledge required for the management of financial functions of firms operating in several countries. This includes necessary theory and evidence basic to an understanding of international capital and foreign exchange markets. In particular, this course covers topics such as international diversification, foreign direct investment decisions, cost of capital for multinational corporations, financial and political risks, the role of multinational banks and the financial benefits of Euro-currencies and Eurobonds, short-term financing, and international equity markets. The general emphasis is on the identification and management of risk relating to exchange rate fluctuations and government policy changes.

Bank Financial Management

Course Code: FINS3630

Note: Fully online course, online final exam

The theory and practice of banking from a financial management perspective; banks and the financial services industry; regulatory restrictions and financial management; asset management - liquidity and loan management; liability and deposit management; capital structure and dividend decisions; and financial management implications of electronic banking, and other developments are studied.

Wealth Management Advice

Course Code: FINS3637

Note: Blended: Online course with on campus face-to-face final exam

This is a capstone course in the financial planning curriculum to provide students with a practical understanding of the provision of financial product advice and managing clients’ relationships. It consolidates and completes student knowledge and skills required for pursuing employment in the financial planning industry. The course a study of important aspects of ethics, professional standards and Chapter 7 of the Corporation Act to the standards set by the Financial Adviser Standards and Ethics Authority. The course also covers the different elements of financial planning advice including understanding the client's situation and needs, conducting analysis and research, formulating appropriate financial planning strategies, choosing suitable products, preparing a fully compliant financial plan, implementing the financial plan and providing ongoing review and services to the client. The course also covers the knowledge and skills required for providing personal life insurance and general insurance advice. It is a required course for professional recognition in financial planning.

Personal Financial Planning and Management

Course Code: FINS5510

Note: Blended: Online course with on campus face-to-face final exam

This course teaches a professional financial planning process to manage personal finance, credit, investment and other wealth management tasks. The course consists of four sections: First, an introduction of the financial planning industry, financial planning process and regulatory frameworks. Second, fundamental topics including the taxation, social security, home ownership and credit management. Third, specific topics required for the construction of a comprehensive financial plan: tax planning, investment strategies, risk management and insurance, superannuation, and estate planning. Fourth, the course examines ethics framework and its application in the provision of financial planning advice. The curriculum of this course adapts to professional and regulatory education requirements.

Investments and Portfolio Selection

Course Code: FINS5513

Note: Fully online course, online final exam

This course develops a basic conceptual framework to understand modern investments. Students learn to evaluate alternative investment strategies, develop a more complete understanding of the risk-return relation, and discuss recent developments in investment management. Surveys various financial markets and provides a review of the instruments used to allocate capital and manage risk. Topics include measuring risk and return, designing portfolios, pricing risk, valuing equities, valuing fixed income securities, and hedging with derivatives. Students are assessed through a variety of means; including quizzes and exams, computer exercises, and case study discussions. Through the completion of an Ethics report and with the assistance of online materials, students will gain a practical appreciation of the CFA code of ethics including maintaining professionalism, duty of care to clients and employers and appropriate managing of conflicts.

International Corporate Finance

Course Code: FINS5516

Note: Fully online course, online final exam

This course provides students with the basic theoretical and practical knowledge required for the management of financial functions of firms operating in several countries. This includes necessary theory and evidence basic to an understanding of international capital and foreign exchange markets, the benefits of international diversification, use of the capital asset pricing model in foreign investment decisions and cost of capital for multinational corporations, financial management of multinational corporations, foreign direct investment and financial and political risks, the role of multinational banks and the financial benefits of Euro-currencies and Euro-bonds, and international equity markets and financial management of multinational corporations in regions such as ASEAN, APEC, NAFTA, and the EU.

Financial Institution Management

Course Code: FINS5530

Note: Fully online course, online final exam

The application of modern finance theory and financial modelling techniques to financial decision-making and risk management in financial institutions. Includes: (i) Uniqueness of financial institutions; (ii) Application of portfolio, arbitrage pricing, option pricing and corporate finance theories to the management of assets, liabilities, capital structure and off-balance sheet operations; (iii) Interest rate risk management and financial futures; (iv) Liquidity risk management; (v) Loan portfolio management, credit evaluation models, loan pricing and credit rationing; (vi) Capital adequacy and prudential regulation and management.

Financial Planning Advice and Ethics

Course Code: FINS5537

Note: Blended: Online course with on campus face-to-face final exam

This is a capstone course in the financial planning curriculum to provide students with a practical understanding of the provision of financial product advice and managing clients’ relationships. It consolidates and completes student knowledge and skills required for pursuing employment in the financial planning industry. The course a study of important aspects of ethics, professional standards and Chapter 7 of the Corporation Act to the standards set by the Financial Adviser Standards and Ethics Authority. The course also covers the different elements of financial planning advice including understanding the client's situation and needs, conducting analysis and research, formulating appropriate financial planning strategies, choosing suitable products, preparing a fully compliant financial plan, implementing the financial plan and providing ongoing review and services to the client. The course also covers the knowledge and skills required for providing personal life insurance and general insurance advice. It is a required course for professional recognition in financial planning.

Personal Finance

Course Code: GENC3004

Note: Fully online course

The course introduces students from a non-financial background to the principles of accumulating, managing and protecting wealth. The course covers the topics of tracking expenses and preparing budgets, savings, buying on credit, securing a good job, buying a home, paying off mortgages faster, protecting yourself through using insurance, building wealth using superannuation, paying appropriate levels of tax and avoiding investment mistakes.

Microeconomics 1

Course Code: ECON1101

Economics is a social science which studies the ways in which people interact with one another and make decisions in a world with limited resources. The goal of this course is to provide you with the basic tools to “think like an economist” – that is, to be able to use basic economic principles to ask and answer questions about how the world works or the effects of policies. We will cover topics such as how individuals or firms make decisions about the demand or supply of a product, how we can determine the efficiency of a market, and how we evaluate the costs and benefits of government intervention in a market.

Macroeconomics 1

Course Code: ECON1102

Macroeconomics studies the aggregate behaviour of the economy. This course provides an introduction to the economic analysis of key macroeconomic variables such as output, employment, inflation, interest rates and exchange rates. The important elements of the course include measurement of macroeconomic variables, the development of models and theories to explain the behaviour of macroeconomic variables, the use of empirical evidence in evaluating different models, and the role of government policy in seeking to influence macroeconomic outcomes. The course will provide students with a framework for understanding the workings of the whole economy and the various interactions among households, business and governments.

Quantitative Analysis for Business and Economics

Course Code: ECON1202

Mathematics is an important part of theoretical and applied analysis in economics and business. This course equips students with a working knowledge of the most common techniques, providing the basis for their further studies. Topics include the mathematics of finance, matrix algebra, linear programming, as well as calculus and (unconstrained and constrained) optimisation. Special emphasis is put on the illustration of the covered concepts and techniques with applications to typical problems in business and economics.

Business and Economic Statistics

Course Code: ECON1203

This course introduces students to basic statistical concepts and methods that are widely used in economics, finance, accountancy, marketing and, more generally, business. Emphasis is placed on applying statistical methods to draw inferences from sample data as an aid to informed decision-making. Course topics include: descriptive statistics, probability distributions, point and interval estimation of parameters, hypothesis testing, and regression models. Students will learn to solve statistical problems in an Excel spreadsheet environment. This course provides the basis for further study of statistical and econometric methods.

Microeconomics 2

Course Code: ECON2101

Decision-making by consumers, producers, and governments lies at the heart of economic analyses. The first half of this intermediate course in microeconomic theory is devoted to the study of rational decision-making and the modelling of associated market behaviour. We then study how individual economic decisions interact in markets with varying degrees of competition, paying substantial attention to the comparative welfare outcomes produced by different market forms. Additional topics include game theory and its applications, uncertainty and asymmetric information. There is substantial emphasis on the use of analytical and mathematical tools. These tools and the subject material underpin much of the current research in microeconomics.

 

About Summer Term