Digital Accounting and Analytics

Overview

The aim of this unit is to introduce students to digital accounting systems, accounting analytics, and the role of accounting information systems in capturing, processing, analysing, and reporting financial information. The unit focuses on the application of double-entry accounting principles within both manual and digital environments, including the use of accounting software to record transactions, prepare financial statements, and generate and analyse system-based reports. In addition, students will develop an understanding of internal controls and apply accounting analytics to analyse and evaluate the management of business assets and liabilities.

Unit learning outcomes

Students who successfully complete this unit will be able to:

1. Explain the importance of accurate and timely recording of financial transactions within accounting information systems, in accordance with generally accepted accounting principles.Enter unit learning outcome
2. Apply double-entry accounting principles and generally accepted accounting principles to record financial transactions and prepare financial statements using both manual methods and digital accounting systems.
3. Apply accounting analytics to analyse accounting data and system-generated reports and evaluate the management of cash, inventory, accounts receivable, and accounts payable.
4. Collaborate effectively in a team environment to complete tasks related to accounting systems, data processing, and decision-making.
5. Evaluate the implications of digital technologies, including accounting software and emerging tools, on accounting processes, controls, and professional practice.

Teaching methods

Hawthorn

Assessment

Content

• Accounting Information Systems
• Business Processes and Transaction Cycles
• Transaction Processing and Special Journals
• Retail Accounting and GST
• Adjusting Entries, and Preparation of Financial Statements
• Accounting Software and System Navigation
• Inventory Management System & Accounting
• Cash Management and Control
• Accounting for Accounts Receivable and Credit Management Systems
• Accounting for Accounts Payable and Liability Management
• Non-Current Assets and Asset Management Systems
• Digital Transformation of Accounting Systems and Their Implications