No offerings have been identified for this subject in 2015

ACC511 Accounting & Information Systems (16)

Abstract

This subject introduces students to the accounting discipline in an integrated manner dealing with both management accounting and financial accounting and developing and using critical thinking, quantitative, information technology and communication skills. It provides the basis for an iterative and spiral approach to accounting, introducing students to areas of accounting including accounting as an information system, ethics, business communication and report writing, computer applications, the accounting cycle, financial reports, managerial accounting, accounting theory, accounting and the Internet and the role of accounting in electronic commerce.

+ Subject Availability Modes and Location

Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: ACC511
Where differences exist between the handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration	Grading System	School:
One session	HD/FL	School of Accounting and Finance

Enrolment restrictions

Postgraduate students only.
Not available to students who have completed ACC503 Accounting Systems and Processes.

Incompatible subject(s)	Related subject(s)
ACC503	ACC503 Similar content

Learning Outcomes

Upon successful completion of this subject, students should:
- have developed competence in conceptual and technical aspects of accounting, including an awareness of the environment in which management and financial accounting functions;
- be able to discuss the historical development of accounting;
- be able to describe the diversity of specialisations in accounting;
- have acquired basic competency in the use of information technology in accounting problem solving including spreadsheet software, the Internet and electronic commerce;
- have developed written and verbal business communication skills;
- have developed competence in preparing and reporting basic business financial statements;
- have acquired competence in uses of management accounting for decision making purposes including the application of quantitative techniques to commercial decision environments;
- be able to discuss the importance of ethics in accounting.

Syllabus

The subject will cover the following topics:
Accounting and its Environment, Development of Accounting Thought, The Australian Accounting Profession, Ethics and Accounting, Accounting Principles, The Accounting Equation, Financial Statements, Computers and E-Accounting, Chart of Accounts, Trial Balance, Revenue Principle, Matching Principle, Adjusting Entries, Completing the Accounting Cycle, Worksheets, Accounting Ratios, Spreadsheets, Merchandising Operations, Accounting for Inventory, Cost of Goods Sold, Inventory Ratios, Perpetual and Periodic Systems, Business Communication, Spreadsheet Design, Accounting with Computers, Advantages of Computer Systems, Accounting Software, Accounting and the Internet, Accounting and Electronic Commerce.

Accounting Information Systems, Control Accounts and Subsidiary Ledgers, Reconciliation of Subsidiary Ledgers and Control Accounts, Ethical Conduct, Accounting and Organisations, Internal Control, and Cash, Bank Reconciliation, Writing Business Reports, Receivables, Methods of Writing Off Uncollectibles (Bad Debts), Credit Card Sales, Internal Control and Accounts Receivable, Notes Receivable, Financial Ratios, Critical Thinking, Rational Debate and Common Fallacies.

Merchandise Inventory, Inventory Costing Methods, FIFO, LIFO, Average Cost, Accounting Principles, Lower of Cost or Market, Inventory Errors, Estimating Inventory Values, Internal Control and Inventory, Computerised Inventory Records, Quantitative Methods in Accounting.

Plant and Intangible Assets, Depreciation, Matching Principle, Methods of Calculating Depreciation, Disposal of Plant, Natural Resources and Depletion, Intangible Assets and Amortisation, Accounting for R & D, Accounting Ethics.

Management Accounting and Budgeting, Management Accounting vs Financial Accounting, Ethics and Management Accounting, Budget Systems, Using Information Technology, Sensitivity Analysis, Use of Spreadsheets in Budgets,

Cost-Volume-Profit Relationships and the Contribution Approach to Decision Making, Cost Behaviour Patterns, Relevant Range, CVP Graphs, Margin of Safety, Accounting and Communication.

The Foundation for Generally Accepted Accounting Principles, Australian Professional Accounting Bodies, Objectives of Financial Reporting, Accounting Concepts, Entity, Going Concern, Time Period, Stable Monetary Unit, Accounting Principles, Reliability, Comparability, Cost Principle, Revenue Principle, Matching, Disclosure, Materiality, Conservatism, Elements of Financial Statements, Nature and Objectives of External Financial Reporting, International Financial Reporting Standards.

Residential School

This subject contains a compulsory 3 day residential school. The primary objectives of the residential school are: to provide an interactive face to face learning environment, to answer student questions about the subject and to assist students to focus their studies for the remainder of the session. Staff at the residential school will review the subject material covered up to that date and outline the remaining topics. Subject readings will be discussed and placed in context. Case studies and group work will be utilised as appropriate.

Back

The information contained in the 2015 CSU Handbook was accurate at the date of publication: 01 October 2015. The University reserves the right to vary the information at any time without notice.

Handbook 2015