ACF2400 - Accounting information systems

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Overview

At the core of Accounting Information Systems is the idea that accountants must understand the core business processes that underpin the business activities in an organisation and generate transaction data. Thus, the objective of this unit is to provide you with a broad introduction to the core business processes. Further, … For more content click the Read More button below.

Further, given the role technology plays in accounting, with many accounting systems being computerised, other topics covered include: how hardware, software and human processes turn data into useful financial and non-financial information for decision making, methods for documenting and analysing business processes, principles of effective spreadsheet design, systems development and maintenance, and the need to understand internal controls in order to ensure (information and other) resources remain secure from losses through both inadvertent and malicious actions.

Offerings

S1-01-CAULFIELD-ON-CAMPUS

S2-01-CAULFIELD-ON-CAMPUS

TRI-A-29-CITY-ON-CAMPUS

TRI-B-29-CITY-ON-CAMPUS

TRI-C-29-CITY-ON-CAMPUS

Requisites

Prerequisite

ACX1100

6 CP

Introduction to financial accounting

ACX1200

6 CP

Accounting for managers

ACB1120

6 CP

Financial accounting 1

ACC1100

6 CP

Introduction to financial accounting

ACC1200

6 CP

Accounting for managers

ACF1100

6 CP

Introduction to financial accounting

ACF1200

6 CP

Accounting for managers

ACW1120

6 CP

Financial accounting 1

ACW1020

6 CP

Accounting in business

ACB1020

6 CP

Accounting in business

Prohibition

Rules

Enrolment Rule

Trimester A, Trimester B, and Trimester C City location offerings for this unit are only available for Bachelor of International Business and associated double degree students.

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.

Contacts

Chief Examiner(s)

Professor Carla Wilkin

Dr Edward Tello Melendez

Dr Kristian Rotaru

Dr Daisy Seng

Unit Coordinator(s)

Merideth Guy

Learning outcomes

On successful completion of this unit, you should be able to:

examine the role of business processes and the use accounting information systems have in capturing and managing information which supports the needs of stakeholders

analyse and evaluate the design of business processes and accounting information systems

explain the importance of internal controls and recommend internal controls that cover key business processes and which support the achievement of goals

synthesise design principles to develop financial models that assist in decision making

apply critical thinking, problem solving and communication skills to analyse, evaluate and interpret business processes and the accounting data that is generated.

Teaching approach

Active learning

Peer assisted learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workshops

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Learning resources

Required resources

City campus:
Romney, M., Steinbart, P. (2018). Accounting Information Systems, 14th Edition, Pearson Australia. ISBN 9781292220086

Danielle Stein Fairhurst, Using Excel for Business Analysis: A Guide to Financial Modelling Fundamentals, Wiley ISBN: 978-1-119-06246-2 both 2013 or 2015 editions are fine. This book is available from the library as an ebook. You may purchase it from the book store if you wish or you can borrow it at no charge from the Monash library.

Technology resources

Other unit costs

Costs are indicative and subject to change.
Electronics, calculators and tools: $40