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22708 Accounting Information Systems

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2020 is available in the Archives.

UTS: Business: Accounting
Credit points: 6 cp

Subject level:

Postgraduate

Result type: Grade and marks

There are course requisites for this subject. See access conditions.

Description

This subject provides students with a broad knowledge of the fundamentals of accounting data management and analysis, modelling of decision problems, business process execution and control and information integration. The subject also introduces examples of accounting information systems software for both SMEs and large enterprises (enterprise systems software). Models and software tools are used in order to plan and simulate the process of the transformation of real-world complexity into accounting figures and in order to highlight the interdependencies between different business functions. The subject also emphasises the role of computerised accounting systems in internal control and demonstrates how to evaluate the effectiveness and limitations of control systems.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. discuss basic accounting and database concepts and techniques and explain the interdependencies between information technology/systems and accounting
2. examine the role, elements and controls in accounting cycles and communicate problems and solutions in accounting information systems
3. perform accounting transactions and analyse accounting data using selected mainstream AIS-packages, database products and productivity tools
4. appraise the role of computerised accounting systems in internal control and evaluate the effectiveness and limitations of control systems.

Contribution to the development of graduate attributes

In today's complex business environments, the quality of information management and information systems has become a key factor of success. Accountants have to become aware of their role as 'information managers'. Accountants nowadays often have to have substantial skills in information technology, information systems, data management and internal control (in IS-environments). Modern accounting information systems (AIS) cover all business functions from backbone accounting transaction processing systems to sophisticated financial management planning and processing.

This subject can be regarded as an essential part of a postgraduate program in business, in particular accounting (and finance). It provides an integrated view on accounting information management and related business processes in companies, and a broad knowledge of the fundamentals of modelling business processes, (accounting) data management and data analysis.

This subject also contributes to the development of graduate attributes of business students in general and to business knowledge and concepts, business practice-oriented skills, communication, critical thinking and interpersonal skills in particular.

Teaching and learning strategies

This subject uses a variety of teaching and learning strategies to provide students with a hands-on approach to learning about accounting information systems. Lectures are interactive and are used to impart important theoretical and practical concepts. Seminars are designed to provide a hands-on learning experience with accounting software both in the classroom and at home using online materials.

Feedback is provided regularly in a number of different formats: discussions of questions and problems with peers, feedback on ideas presented from the class tutor and results of online quizzes and assessments. This feedback is provided timely throughout the session.

Student preparation outside of class

Students are encouraged to engage with the subject content by completing pre-work before coming to lecture or seminars. Students should use their time outside the classroom to understand the week’s lecture content using slides, textbooks, online self-testing quizzes, and other materials posted on UTSOnline.

Students should also practice using the accounting applications to be able to follow the practical tasks/problems in class.

In-class lectures and seminars

In the lecture, students are completing a few questions individually on the prepared subject content and then analyse and discuss their understanding with class members and work out the appropriate solutions. Students will enhance their understanding and learning experience by discussing questions and problems in small groups and presenting their ideas to the entire class.

In the seminar, various computer based accounting applications are used to solve business problems, perform standard business transactions, analyse their output and support business decisions.

Getting support

To accommodate the wide variety of student learning activities, support is available to students in multiple ways, including:

  • UTSOnline discussion board
  • UTSOnline announcements
  • UTS emails
  • Staff consultation sessions
  • YouTube videos
  • Lynda.com

Content (topics)

  • Productivity tools in accounting: modelling and reporting with spreadsheets
  • Internal control: concepts and application controls
  • Transaction processing cycles in accounting (expenditure cycle, revenue cycle and GL/reporting cycle)
  • Business process and internal controls
  • Transaction processing with accounting packages

Assessment

Assessment task 1: Online assessment (Individual)

Objective(s):

This addresses subject learning objective(s):

1 and 3

Weight: 25%
Length:

About 20 - 25 minutes

Assessment task 2: Project/Assignment (Group)

Objective(s):

This addresses subject learning objective(s):

2 and 3

Weight: 25%
Length:

Group Assignment report: 1,500 - 2,000 words (exclusive (iv) and (v))

Assessment task 3: Final Examination (Individual)

Objective(s):

This addresses subject learning objective(s):

1, 2 and 4

Weight: 50%
Length:

2 hours (no reading time)

Minimum requirements

To pass this subject a total mark of 50% or more must be achieved in the subject's final assessment result.

Required texts

  • Parkes A. et al (2016), Accounting Information Systems, 5th ed., Australia, Wiley.
  • Pazmandy, G. (2013), Business Computing using Microsoft Office, Pazmandy (A), Vaucluse, Tekniks Publications.
  • Pazmandy, G. (2014), MYOB v19.8 AccountRight Plus: A Practical Guide to Computer Accounting, Pazmandy (B), ISBN 978-0-9874032-1-6, Vaucluse, Tekniks Publications.

Non-texts, but also required:

References

  • Gelinas, U.J., Dull, R.B., (2014), Accounting Information Systems, 10th ed., Mason, Cengage Learning.
  • Hall, J.A. (2016), Accounting Information Systems, 9th ed., Mason, Cengage Learning.
  • Romney, M.B.; Steinbart, P. (2014), Accounting Information Systems, 13th ed., Upper Saddle River, Pearson.
  • Turner, L., Weickgenannt, A. (2013), Accounting Information Systems: The Processes and Controls, 2nd ed., Hoboken, Wiley.
  • Simkin, M., Rose, J. and Norman, C. (2015), Core Concepts of Accounting Information Systems, 13th ed., Wiley & Sons.
  • Richardson, V, Chang, J. and Smith, R. (2014), Accounting Information Systems, New York, McGraw-Hill.

Other resources

Internet resources: