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
*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.