Financial Information Systems
24 hours face to face + blended
One Semester or equivalent
Hawthorn, Online
Available to incoming Study Abroad and Exchange students
Overview
The aim of this unit is to introduce students to financial information systems, both manual and computer based. The basis of the unit 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.
Requisites
Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
09-February-2025
09-February-2025
Last self-enrolment date
17-November-2024
Census date
29-November-2024
Last withdraw without fail date
27-December-2024
Results released date
04-March-2025
Semester 1
Location
Hawthorn
Start and end dates
03-March-2025
01-June-2025
01-June-2025
Last self-enrolment date
16-March-2025
Census date
31-March-2025
Last withdraw without fail date
24-April-2025
Results released date
08-July-2025
Teaching Period 2
Location
Online
Start and end dates
07-July-2025
05-October-2025
05-October-2025
Last self-enrolment date
20-July-2025
Census date
01-August-2025
Last withdraw without fail date
22-August-2025
Results released date
Semester 2
Location
Hawthorn
Start and end dates
04-August-2025
02-November-2025
02-November-2025
Last self-enrolment date
17-August-2025
Census date
31-August-2025
Last withdraw without fail date
19-September-2025
Results released date
09-December-2025
Learning outcomes
Students who successfully complete this unit will be able to:
- Explain the importance of accurate and timely recording of financial transactions following generally accepted accounting principles
- Apply the rules of double entry accounting to manually and digitally record financial transactions in ledgers (general and subsidiary) and journals (general and special) and prepare financial statements.
- Apply generally accepted accounting principles to the recording and interpretation of a range of business transactions.
- Work collaboratively in a team environment to achieve set goals related to increasing knowledge of the accounting process.
- Demonstrate an understanding of the implications of digital technologies and digital business transformation on the role of accountants and accounting practices.
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| On-campus Class | 2.00 | 12 weeks | 24 |
| Online Lecture | 1.00 | 12 weeks | 12 |
| Unspecified Activities Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 150 |
Swinburne Online
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 12.50 | 12 weeks | 150 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assignment | Group | 20 - 30% | 2,3,4,5 |
| Assignment | Individual | 20 - 30% | 2,3,4,5 |
| Examination | Individual | 40 - 60% | 1,2,3,5 |
| Examination | Individual | 40 - 60% | 1,2,3,5 |
| Test | Individual | 20 - 30% | 2,3,5 |
| Test | Individual | 20 - 30% | 2,3,5 |
Content
- Rules of double entry accounting
- Recording transactions in ledgers and journals (both General and Special)
- Balance day adjustments
- Internal control
- Cash control
- Accounts receivable
- Liabilities
- Inventory management
- Fixed asset control
- Double entry accounting software
- Accounting implications of digital transformations
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.