Information technology is an essential accounting tool. Amongst other applications, it is used to automate transactions and business processes, streamline reporting and support business analysis. This subject covers the critical evaluation and design of accounting information systems (AIS) and their use in managerial decision-making. It provides both a theoretical and practical understanding of AIS in a broader industry and corporate setting. Emphasis is placed on AIS and technology, control mechanisms, data analysis and reporting. The applied nature of the subject enables the development of practical skills in using accounting software for transaction processing and decision support.
|Academic unit:||Bond Business School|
|Subject title:||Accounting Information Systems|
Delivery & attendance
|Attendance and learning activities:||Attendance: It is expected that students will attend all sessions (lectures and workshops). Most sessions build on the work covered in the previous ones. It is generally quite difficult to recover if you miss a session. Attendance attracts no specific credit, however it will be monitored, and could impact the final mark in this subject.|
|Prescribed resources:|| |
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.|
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Describe and discuss the Systems Development Life Cycle (SDLC) and evaluate how to integrate and manage, maintain or build an AIS system project.
- Explain and analyse the recording and processing of accounting events, transactions, and control problems from an accounting, auditing and systems perspective.
- Design and evaluate systems controls used in the operation of accounting systems.
- Set up, use, and evaluate selected accounting software package/s.
- Analyse and use accounting information in solving managerial problems and communicate recommendations.
|In-Class Quiz - Individual||Weekly quizzes||10%||Weekly||1, 2, 3, 4, 5.|
|Skills Assignment||Set-up and use an accounting software package.||10%||Week 10||4.|
|Skills Assignment||Design and evaluate an accounting information system.||10%||Week 11||2, 3.|
|Skills Assignment||Describe and explain the development process for an accounting information system.||10%||Week 12||1, 3, 5.|
|Computer-Aided Examination (Limited Open) ^||Comprehensive Final Examination.||40%||Final Examination Period||1, 2, 3, 5.|
|Computer-Aided Examination (Limited Open)||An examination of the material introduced to date.||20%||Week 6 (Mid-Semester Examination Period)||2, 3, 5.|
- ^ Students must pass this assessment to pass the subject
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
|High Distinction||85-100||Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.|
|Distinction||75-84||Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.|
|Credit||65-74||Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.|
|Pass||50-64||Usually awarded to students whose performance meets the requirements set for work provided for assessment.|
|Fail||0-49||Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.|
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Policy on plagiarism
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
An introduction and overview of Information, Systems and Accounting; the role of the Accountant, Transaction Processing and ERP, and Systems Documentation Techniques. Business process design software is also introduced to provide practical exercises.
Expands on systems documentation techniques with the introduction to database design and relational databases. Also explores design features and file set-ups for different business requirements, Resources, Events, Agents (REA) data modelling and practical uses of data flow diagram (DFD) software for business cycles.
An overview of specific accounting and audit standards, best practice business processes and risk management. Also explains AIS controls including information security, confidentiality, privacy and processing integrity.
Examines basic human and computer fraud and abuse that currently exist, the auditor’s responsibilities and audit and assurance requirements of the accounting profession. The process of an information systems audit, common threats and suggested controls are discussed with reference to a business’s enterprise risk management and corporate strategies.
Design of the first of five business cycles, the revenue cycle (RC), is introduced under the Committee of Sponsoring Organisations of the Treadway Commission (COSO) framework, and, accounting and audit standards. The accounting process is also discussed and described through transaction journals and reconciliations.
The expenditure cycle (EC) is examined, including source documents, expenditure activities, threats and internal controls. The accounting process is also discussed and described through transaction journals.
The workflow and documents required in the production cycle (PC) are introduced, including product and process costing, internal controls and transaction journals for manufacturing businesses. Production activities, threats and controls are discussed and analysed.
Considers both the theoretical and practical application of operational, reporting and compliance requirements for payroll and human resource (HR) activities. Also includes the design and evaluation of a payroll business cycle.
Explores the last of the five business cycles, the General Ledger and Reporting Cycle (GL&RC). Includes an overview of the purpose of the accounting cycle, compliance and reporting software, external and internal processing integrity controls, computer reporting language and business and accounting ethics. Managerial and operational reports requirements are also discussed.
Reviews the Systems Design Life Cycle (SDLC). Includes discussion of AIS management reports for decision making and the role of the accountant in this process.