Accounting Systems and Reporting
Overview
This unit has four primary aims. The first is to build a sound understanding of both transaction recording and of the preparation of the main reports that are output from accounting information systems (AIS). The second aim is to build a sound understanding of management accounting foundations. The third is to build an understanding of AIS development processes/ methods and of accountants’ role in different stages of the systems development lifecycle. And the fourth is to unpack the effects and implications of digital disruption and digital business transformation on accounting functions, and on the required roles and competencies of accountants.
Requisites
26-May-2024
06-October-2024
27-October-2024
Learning outcomes
Students who successfully complete this unit will be able to:
- Demonstrate advanced knowledge of the application of accounting principles, concepts, and techniques to produce accounting reports and to support operational or strategic decision making
- Demonstrate critical understanding of accounting information systems analysis, design, development, implementation, and maintenance processes and techniques, as well as the role of accountants in optimising these processes and techniques
- Interpret and critically analyse financial as well as non - financial information to make meaningful comparisons between a business' past, present and future performance
- Demonstrate coherent and advanced understanding of the effects of digital disruption and digital business transformation on the roles of accountants, and the range of different digital technologies accountants can leverage to supercharge accounting value creation.
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| On-campus Class | 2.00 | 12 weeks | 24 |
| Unspecified Activities Independent Learning | 9.50 | 12 weeks | 114 |
| Online Lecture | 1.00 | 12 weeks | 12 |
| TOTAL | 150 |
Swinburne Online
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 12.50 | 12 weeks | 150 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assignment | Group | 10 - 20% | 1,2,3,4 |
| Case Study Report | Group | 20 - 30% | 3,4 |
| Examination | Individual | 40 - 60% | 1,2,3,4 |
| Test | Individual | 10 - 20% | 1 |
Content
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- The role of accounting in businessÂ
- Purpose of the conceptual framework and accounting standards
- Recording business transactions and preparing financial reports
- Cost concepts, cost behaviours and costing methods
- Accounting information systems (AIS) sourcing, design and development, implementation, maintenance, and lifecycle managementÂ
- Interpretation of financial reports and financial ratio analysis
- Impact of digital disruption and digital business transformation on accounting roles and competencies
- Leveraging digital technologies to expand accounting value creation (e.g., Big data, IoT, blockchain, artificial intelligence, robotics)Â
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.