Accounting Systems and Reporting

Overview

This unit has four primary aims. The first is to build a sound understanding of both transaction recording and of the preparation of the main reports that are output from accounting information systems (AIS). The second aim is to build a sound understanding of management accounting foundations. The third is to build an understanding of AIS development processes/ methods and of accountants’ role in different stages of the systems development lifecycle. And the fourth is to unpack the effects and implications of digital disruption and digital business transformation on accounting functions, and on the required roles and competencies of accountants.

Learning outcomes

Teaching methods

Hawthorn

Assessment

Content

• The role of accounting in business 
• Purpose of the conceptual framework and accounting standards
• Recording business transactions and preparing financial reports
• Cost concepts, cost behaviours and costing methods
• Accounting information systems (AIS) sourcing, design and development, implementation, maintenance, and lifecycle management 
• Interpretation of financial reports and financial ratio analysis
• Impact of digital disruption and digital business transformation on accounting roles and competencies
• Leveraging digital technologies to expand accounting value creation (e.g., Big data, IoT, blockchain, artificial intelligence, robotics)