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ACCT12-211: Accounting Information Systems January 2022 [Standard]

General information

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.

Details

Academic unit:Bond Business School
Subject code:ACCT12-211
Subject title:Accounting Information Systems
Subject level:Undergraduate
Semester/Year:January 2022
Credit points:10

Delivery & attendance

Timetable: https://bond.edu.au/timetable
Delivery mode:

Standard

Workload items:
  • Lecture: x9 (Total hours: 18) - Lecture 1 (Weeks 1-9)
  • Lecture: x3 (Total hours: 6) - Computer Lab 1 (Weeks 10-12)
  • Computer Lab: x12 (Total hours: 24) - Computer Lab 2
  • Personal Study Hours: x12 (Total hours: 72) - Recommended study time & reviewing materials
Attendance and learning activities: Attendance at all class sessions is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible.

Resources

Prescribed resources:
  • Romney, M., Steinbart, P. (2020). Accounting Information Systems. 15th, Australia: Pearson
After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.
[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

Enrolment requirements

Requisites: ?

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Assumed Prior Learning (or equivalent):

Restrictions: ?

Anti-requisites: ?

  • ACCT12-111 Accounting Information Systems

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.

Find your program

Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:
  1. Evaluate accounting software package to record common business transactions.
  2. Explain the impact of information and communication technology (ICT) on current accounting practices to support data analysis and decision making.
  3. Explain how ICT supports the identification, reporting, and management of risk in an organization and how it can enhance the efficiency and effectiveness of an organization’s systems and processes.
  4. Analyse the adequacy of ICT processes and controls to identify improvements that could be made to them.
  5. Design ICT tools to enhance the efficiency and effectiveness of accounting information communication.

Assessment

Assessment details

TypeTask%Timing*Outcomes assessed
*Tutorial Portfolio Application Portfolio - Skills Labs & Cloud Accounting Systems 25% Week 6 1, 2, 5.
Project Dashboard Design, Implementation, Presentation 25% Week 12 2, 5.
Computer-Aided Examination (Open) Comprehensive Final Examination. 50% Final Examination Period 1, 2, 3, 4, 5.
  • * 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.

Assessment criteria

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.

Quality assurance

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.

Study information

Submission procedures

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.

Bond University utilises Originality Reporting software to inform academic integrity.

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.

Disability support

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.

Additional subject information

This is a compulsory subject for eligibility requirements for Certified Practising Accountants Australia (CPA Australia) and Chartered Accountants Australia and New Zealand (CA ANZ). As part of the requirements for Business School quality accreditation, the Bond Business School employs 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.

Subject curriculum

This session provides the overview of Information, Systems and Accounting. A key element of the topic is the framework for the subject as this provides the road map for how the various topics integrate. We will cover essential accounting principles from your introductory courses to understand their relevance. These principles are core to the recording function of a firm's accounting information system. In addition to the core recording skills, we touch on the key accounting process of reconciliation of data and records. The final element is to examine the contemporary end-user accounting systems and their key features.

This topic provides an overview of system design and system documentation techniques. We then move to a key mechanic of most modern accounting information systems, namely databases. We discuss essential database terminology and concepts and explore the fundamentals of relational databases and their role in accounting information systems.

This topic provides an overview of the Revenue cycle (RC), the related accounting process, Committee of Sponsoring Organisations (COSO) framework and AIS implications, revenue accounting and audit standards, and revenue cycle mechanics. This includes a discussion of key processes in the revenue cycle that include the sales order entry, shipping, billing, and cash collections. We consider the key decisions that must be made in each process, the potential threats that exists, and the controls that can be used to mitigate these threats.

This topic provides an overview of the expenditure cycle (EC) of an AIS. We cover the source documents, expenditure activities, threats and internal controls, and transaction journals. This includes a discussion of key processes in the expenditure cycle that include ordering, receiving, approving supplier invoices, and cash disbursements. We consider the key decisions that must be made in each process, the potential threats that exists, and the controls that can be used to mitigate these threats.

This topic provides an overview of the Production/Service cycle (PC) workflow, product/process costing, payroll/HR business cycle including reporting and compliance requirements. This includes a discussion of key processes in the production cycle that include product design, planning and scheduling, product operations, and cost accounting. We consider the key decisions that must be made in each process, the potential threats that exists, and the controls that can be used to mitigate these threats.

This topic provides an overview of compliance & reporting software, external and internal processing integrity controls, computer reporting language and managerial and operational reports. This includes a discussion of key processes in the general ledger and reporting system that include updating the general ledger, posting adjusting entries, preparing financial statements, and producing various managerial reports. We consider the key decisions that must be made in each process, the potential threats that exists, and the controls that can be used to mitigate these threats.

This session provides an overview of fraud concepts, computer fraud, and the implications for AIS. This topic relates back to the accounting cycle topics and related AIS systems. We consider different types of fraud, including computer fraud, and the auditor’s responsibility in fraud detection. We use the fraud triangle to understand the determinants of fraud. We emphasise computer fraud and relevant issues such as abuse attacks, malware, and social engineering.

This topic examines AIS and internal controls including information security, confidentiality, privacy and processing integrity, and audit and assurance requirements. We discuss the importance of the internal control environment, the four levers of control, and control frameworks including COBIT, COSO, and COSO-ERM. Furthermore, we emphasise the increasingly important issues of data confidentiality and data privacy, and the principles used in protecting these.

This topic provides an overview of the principles of the data analytics framework. We discuss the specific principles of of data preparation (collecting and cleaning), integration, analytics and visualisation, and alerting. As part of this topic, we consider the available tools for designing dashboards. We emphasise the differences between descriptive, prescriptive, and predictive analytics.

This topic highlights the usefulness of tools in the data analytics process, and specifically in relation to management communication. We focus on the application of the data analytics framework using Power BI and consider each step in the process using a large dataset. We emphasise the rising importance of dashboards in industry, and consider the principles underlying effective dashboard design.

Approved on: Nov 4, 2021. Edition: 1.1
Last updated: Nov 16, 2021.