AC312 Accounting Systems and Processes

DESCRIPTION

Accounting information systems are the backbone of business around the world. A business at some point will tailor its accounting information system to the needs of its internal and external users. This unit examines the processes and theories to this end including analysis of database systems, analysis of internal controls, accounting information system design and development, computer-based audits, and other contemporary issues. Practical applications of these issues are enhanced with the use of Quickbooks to introduce students to problem solving in client situations. The unit focuses on the three major transaction processing cycles of general ledger/reporting cycle, revenue cycle and expenditure cycle.

RELEVANT COURSES

Bachlelor of Accounting*

Bachelor of Agribusiness

*Core unit

Elective unit

CREDIT POINTS

10

DELIVERY MODE

On campus

Intensive

Extensive

PREREQUISITE OR CO-REQUISITE

AC101 Accounting I

UNIT LEARNING OUTCOMES

LO1 Evaluate the role of AIS and internal controls in producing quality financial information

LO2 Critically analyse the fundamental concepts of database systems

LO3 Compare and contrast the control frameworks for an AIS and critically evaluate their effectiveness on the internal control environment

LO4 Appraise the ways and remedies of unethical practices relating to computer fraud and the issues relating to systems reliability

LO5 Apply the knowledge of AIS to solve problems relating to key business decisions

CONTENT

  • An overview of accounting information systems, transaction processing and enterprise resource planning systems
  • Systems documentation techniques and relational databases
  • Computer fraud, computer fraud and abuse techniques
  • Control and accounting information systems, controls for information security
  • Confidentiality and privacy controls, processing integrity and availability controls
  • Auditing computer-based information systems, the revenue cycle: Sales to cash collections
  • The expenditure cycle: Purchasing to cash disbursements, the production cycle
  • The human resources management and payroll cycle, general ledger, and reporting system
  • Database design using the REA data model, implementing an REA model in a relational database
  • Introduction to systems development and systems analysis, AIS development strategies
  • Systems design, implementation, and operation

ASSESSMENT METHODS

  1. Online Quizzes – 20%
  2. Practice Assessment Part I: Accounting Software Package – 20%
  3. Practice Assessment Part II: Learning Statement – 10%
  4. Exam – 50%

PRESCRIBED READINGS

Romney, S. & Steinbart, P. (2020). Accounting information systems: Global education (15th ed.). Sydney: Pearson Education

Check with the lecturer each semester before purchasing any textbooks.