Financial Information Systems
Overview
This unit introduces students to a basic accounting system, with an emphasis on methodology and processes to facilitate the analysis of data and its results/outcomes in financial reports. This unit aims to provide students with an understanding of the conceptual framework for financial reports. The collection, storage and processing of financial and accounting data following principles of double entry accounting. In addition, students will gain experience in using modern information technology resources such as commercial accounting software.
Requisites
27-September-2024
31-January-2025
Learning outcomes
Students who successfully complete this unit will be able to:
- Accurately record financial transactions in journals and ledgers following basic principles of accounting and double entry accounting
- Explain and apply the cash and accrual basis accounting methods for business transactions
- Produce financial reports and explain how they are used in decision making
- Demonstrate proficiency in the use of accounting software to enter and process accounting data and the preparation of financial reports
- Apply critical thinking and problem-solving skills to individual/group activities dealing with financial information
Teaching methods
All applicable locations
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
Face to Face Contact (Class) |
2 | 12 weeks | 24 |
| Face to Face Contact (Laboratory) | 2 | 12 weeks | 24 |
| Online Contact | 1.5 | 12 weeks | 18 |
| Unspecified Learning Activities (Independent Learning) | 7 | 12 weeks | 84 |
| Total | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Case Study | Group | 25% | 4, 5 |
| Test | Individual | 45% | 1,2,3,5 |
| Mid-Semester Test | Individual | 30% | 1,2,3 |
Hurdle
As the minimum requirements of assessment to pass a unit and meet all ULOs to a minimum standard, an undergraduate student must have achieved:
Content
- Decision Making Double Entry,
- Recording Transactions
- The impact of GST on recording transactions
- Accounting Systems Journals
- Adjusting and Closing Entries S
- ubsidiary Ledgers
- Internal Controls and Cash Management
- Receivables and Payables
- Inventory Control
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.