Accounting Systems and Reporting
Duration
One Semester or equivalent
Contact hours
- 36
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
2021 teaching periods
Hawthorn
| Higher Ed. Semester 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online
| Teaching Period 3 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Aims and objectives
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.
2. 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
3. Interpret and critically analyse financial as well as non - financial information to make meaningful comparisons between a business' past, present and future performance
4. 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.
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Directed Online Learning and Independent Learning 150 hours (12 x 12.5 hours)
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
Assignment (Group) 10-20%
Final Examination (Individual) 40-60%
General skills outcomes
• Analysis skills
• Problem solving skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently and professionally
Content
- The role of accounting in business
- 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 management
- 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)
Study resources
- Reading materials.