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BA206 - Accounting Information Systems and Cloud Technologies
|15.00||BB104 Introductory Accounting||N/A||36 contact hours|
Aims & Objectives
This is a second-year Core Unit in the Bachelor of Business, major in Accounting, and offered as an Elective Unit in the Bachelor of Business majors in Marketing, and Management For Course Learning Outcomes and further information relating to Bachelor of Business programs please visit: http://www.mit.edu.au/study-with-us/programs/bachelor-business.
This unit will introduce the students to concepts of using and managing accounting information systems and cloud technologies. Specifically, students will develop knowledge about cloud technologies to understand how it is enabling the companies and accountants with better and faster access to business information that they can use to advise clients. Students will be introduced to web-based models such as Software as a Service (SaaS) and Application Service Provider (ASP) to demonstrate how access to application software and hardware can be provided to multiple users via the internet, rather than from company owned and maintained hardware and software. The unit takes a practical approach with a cloud-based accounting practice set used for demonstration in class, requires students to setup up company file, and process one month’s transaction and generate financial reports.
This unit will cover the following topics:
- Introduction to Accounting Information Systems
- Enterprise and E-Business Systems
- Documenting Information Systems
- Database Management Systems
- Controlling Information Systems
- The Sales and Receipt Processes
- The Purchasing and Payments Processes
- The General Ledger and Reporting Processes
- Acquiring and Implementing Accounting Information Systems.
- Using Cloud-Based Accounting Practice Set (Assessment task)
- Ethical and Legal aspects of Accounting Information Systems
At the completion of this unit students should be able to:
- Understand how Accounting Information Systems are used in an organisation;
- Understand how accounting information is documented, organised and managed, including in a cloud-based environment;
- Explain how the risks to the organisation are minimised using manual and information technology controls;
- Apply knowledge gained to process transactions and generate reports, including using cloud-based accounting software; and
- Evaluate ethical and legal aspects on the environment of accounting information systems.
Lecture: 2 hours
Tutorial/Workshop: 1 hour
Tutorial/Workshop: 1 hour
Face to Face
|Assessment Task||Learning Outcomes Assessed*||Weighting|
|1. Formative Assessment||a||0%|
|2. Contribution and Participation||a-e||10%|
|3. In-Class Test 1||a,b||15%|
|4. Assignment [Group]||a,d||20%|
|5. In-Class Test 2||d||5%|
|6. Final Examination (3 hours)||a-e||50%|
*refer to learning outcomes above.
Note: Students are required to purchase the prescribed text book and have it available each week in class.
Prescribed Text Book:
Parkes A., Considine, B., Olesen K., Blount, Y., (2017). Accounting Information Systems: understanding business processes, 5th ed. Brisbane: John Wiley. ISBN 9780730328766
- Hall J. A. (2016). Accounting Information Systems, (9th ed), Boston: Cengage Learning.
- Gelinas, U. J., Dull, R. B. & Wheeler, P.R., Hill, M.C., (2018). Accounting Information Systems. (11th ed.). South Melbourne: Cengage Learning Australia.
Adopted Reference Style: APA can be found in MIT library referencing
MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:
|Ability to communicate||Independent and Lifelong Learning||Ethics||Analytical and Problem Solving||Cultural and Global Awareness||Team work||Specialist knowledge of a field of study|
|Colour coding||Extent covered|
|The standard is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations|
|The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations|
|The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations|
|The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by activities such as lectures or tutorials|
|The standard is not considered, there is no theory or practice or activities associated with this standard|