Financial Information Systems
Duration
- One Semester or equivalent
Contact hours
- 36
2020 teaching periods
Hawthorn
| Higher Ed. Semester 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: |
Swinburne Online
| Teaching Period 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: |
Prerequisites
ACC10007 Financial Information for Decision MakingAims and objectives
The aim of this subject is to introduce students to financial information systems, both manual and computer based. The basis of the subject is the accurate recording of all transactions following the principles of double entry accounting. In addition, students are introduced to the concepts of internal control and management accounting.
Students who successfully complete this unit will be able to:
1. Explain the importance of accurate and timely recording of financial transactions following generally accepted accounting principles
2. Apply the rules of double entry accounting to financial transactions in the ledgers (general and subsidiary) and journals (general and special)
3. Record transactions either manually or electronically using double entry accounting software for a business
4. Apply generally accepted accounting concepts to a range of transactions for a business
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Lectures (12 x 2 hours) - 24 hours, Tutorials (12 x 1 hour) - 12 hours
Scheduled hours: Lectures (12 x 2 hours) - 24 hours, Tutorials (12 x 1 hour) - 12 hours
Online Mode: Hawthorn Online/OUA
Engaging with online content and discussions
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
To be successful, students should:
• 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
Test (Individual) 20-30%
Assignment (Individual/Group) 20-30%
Final Examination (Individual) 40-60%
Final Examination (Individual) 40-60%
General skills outcomes
During this unit students will receive feedback on the following key generic skills:
- problem solving skills
- teamwork skills
- analysis skills
- communication skills, and
- ability to work independently
Content
- Rules of double entry accounting
- Recording transactions in ledgers and journals (both General and Special)
- Balance day adjustmentsInternal control
- Cash control
- Accounts receivable
- Liabilities
- Inventory management
- Fixed asset control
- Double entry accounting software
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.