ACF2400 Accounting information systems
Faculty of Business and Economics
ACF2400 Accounting information systems is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at Caulfield and City (Melbourne). It needs ACF1100, ACB1020, ACF1200, ACC1100, ACW1120, ACC1200, ACW1020 or ACB1120 and unlocks 1 unit.
- Credit points
- 6
- Offered in 2020
- Semester 1, Semester 2
- Caulfield, City (Melbourne)
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ACF2400
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
- ACF1100Introduction to financial accountingNo reviews yet
- ACB1020Accounting in businessNo reviews yet
- ACF1200Accounting for managersNo reviews yet
- ACC1100Introduction to financial accountingNo reviews yet
- ACW1120Financial accounting 1No reviews yet
- ACC1200Accounting for managersNo reviews yet
- ACW1020Accounting in businessNo reviews yet
- ACB1120Financial accounting 1No reviews yet
After ACF2400
1 unit list ACF2400 as a prerequisite or corequisite.
Equivalent units
The same content under another code. Only one of them counts.
Overview
At the core of Accounting Information Systems is the idea that accountants must understand the core business processes that underpin the business activities in an organisation and generate transaction data. Thus, the objective of this unit is to provide you with a broad introduction to the core business processes.
Further, given the role technology plays in accounting, with many accounting systems being computerised, other topics covered include: how hardware, software and human processes turn data into useful financial and non-financial information for decision making, methods for documenting and analysing business processes, principles of effective spreadsheet design, systems development and maintenance, and the need to understand internal controls in order to ensure (information and other) resources remain secure from losses through both inadvertent and malicious actions.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| First semester (Fully flex) | Caulfield | Flexible |
| Second semester | Caulfield | On campus |
| November teaching period | Caulfield | On campus |
| Trimester A | City (Melbourne) | On campus |
| Trimester B | City (Melbourne) | On campus |
| Trimester C | City (Melbourne) | On campus |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
examine the role of business processes and the use accounting information systems have in capturing and managing information which supports the needs of stakeholders
- 2
analyse and evaluate the design of business processes and accounting information systems
- 3
explain the importance of internal controls and recommend internal controls that cover key business processes and which support the achievement of goals
- 4
synthesise design principles to develop financial models that assist in decision making
- 5
apply critical thinking, problem solving and communication skills to analyse, evaluate and interpret business processes and the accounting data that is generated.
Workload and teaching
- Lectures18 hours
- Workshops30 hours
- Workshops33 hours
- Laboratories19.5 hours
- Teaching approachPeer assisted learning
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
interactive critical thinking activities and Excel exercises
facilitated learning, practical exploration, case-based and peer learning
Learning resources
Required resources
City campus:
Romney, M., Steinbart, P. (2018). Accounting Information Systems, 14th Edition, Pearson Australia. ISBN 9781292220086
Danielle Stein Fairhurst, Using Excel for Business Analysis: A Guide to Financial Modelling Fundamentals, Wiley ISBN: 978-1-119-06246-2 both 2013 or 2015 editions are fine. This book is available from the library as an ebook. You may purchase it from the book store if you wish or you can borrow it at no charge from the Monash library.
Technology resources
The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).
Where it fits
ACF2400 is part of 2 areas of study in the 2020 handbook.
Contacts
- Chief Examiners
- Dr Daisy Seng
- Mr Peter Krueger
- Dr Kristian Rotaru
Common questions
What are the prerequisites for ACF2400?
You need ACF1100, ACB1020, ACF1200, ACC1100, ACW1120, ACC1200, ACW1020 or ACB1120 before you enrol.
What can I take after ACF2400?
ACF2400 is a prerequisite or corequisite for 1 unit, including ACF3900.
When is ACF2400 offered?
In 2020, ACF2400 runs in Semester 1 and Semester 2 at Caulfield and City (Melbourne).
How much work is ACF2400?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACF2400 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ACF2400?
ACF2400 is part of Accounting.