Description
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.
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Details
Academic unit: Bond Business School Subject code: ACCT12-111 Subject title: ACCT12-111: Accounting Information Systems Subject level: Undergraduate Semester/Year: September 2019 Credit points: -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Standard Workload items: - Lecture: x12 (Total hours: 24) - Weekly Lecture
- Computer Lab: x12 (Total hours: 24) - Laboratory
- 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: Books
- Romney, M., Steinbart, P. (2018). Accounting Information Systems. 14eth, Australia Pearson
[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
| Academic unit: | Bond Business School |
|---|---|
| Subject code: | ACCT12-111 |
| Subject title: | ACCT12-111: Accounting Information Systems |
| Subject level: | Undergraduate |
| Semester/Year: | September 2019 |
| Credit points: |
| Timetable: | https://bond.edu.au/timetable |
|---|---|
| Delivery mode: | Standard |
| Workload items: |
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| 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. |
| Prescribed resources: | Books
|
|---|---|
| [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 |
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| 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):
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| Restrictions: |
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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.
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Assessment details
Type Task % Timing* Outcomes assessed Computer-Aided Examination (Closed)^ Comprehensive Final Examination. 40% Final Examination Period 1,2,3,5 Computer-Aided Examination (Closed) An examination of the material introduced to date. 20% Week 6 (Mid-Semester Examination Period) 2,3,5 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 *In-Class Quiz - Individual Weekly quizzes 10% Weekly 1,2,3,4,5 - ^ 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.
Pass requirement
Students must achieve a passing grade in the final examination in order to pass this subject.
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Assessment criteria
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.
| Type | Task | % | Timing* | Outcomes assessed |
|---|---|---|---|---|
| Computer-Aided Examination (Closed)^ | Comprehensive Final Examination. | 40% | Final Examination Period | 1,2,3,5 |
| Computer-Aided Examination (Closed) | An examination of the material introduced to date. | 20% | Week 6 (Mid-Semester Examination Period) | 2,3,5 |
| 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 |
| *In-Class Quiz - Individual | Weekly quizzes | 10% | Weekly | 1,2,3,4,5 |
- ^ 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.
Pass requirement
Students must achieve a passing grade in the final examination in order to pass this subject.
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.
Accessibility and Inclusion 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
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
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Introduction to Accounting Information Systems
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.
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Introduction to End-User Accounting Systems
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.
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Internal Control, Fraud and Audit implications
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.
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Business Best Practices, Frameworks and Principles
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.
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The Revenue Cycle
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.
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The Expenditure Cycle
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.
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The Production Cycle
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.
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The Payroll and Human Resources Cycle
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.
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General Ledger and Financial Reporting
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.
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AIS Reporting for Management
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.