BUSN9114 Information Systems and Accounting Processes

The topic provides students with an introduction to accounting information systems and business computing systems. In the second half, the topic then builds on, and extends, the accounting foundations studied in BUSN9113 Accounting Fundamentals. This topic also introduces students to accounting for more complex transactions involving liabilities, cash flows and fixed assets.

This topic aims to introduce students to accounting information systems, business computing and computerised accounting packages. It also builds on and extends the accounting foundations studied in Accounting Fundamentals. In the second half, it aims to introduce students to accounting for more complex transactions and forms of business organisations such as companies. It includes accounting for liabilities, cash flows and fixed assets. In addition, the Australian conceptual framework will be examined. This will include an overview of the reporting entity concept, objectives of financial reporting and the definitions and recognition criteria of the elements of financial statements.

1. Critically evaluate the information needs and flows of business organisations
2. Comprehend, identify and evaluate computerised business packages such as spreadsheets and databases
3. Prepare financial statements using both manual and computerised accounting procedures
4. Analyse and comprehend the theoretical framework upon which Australian Accounting Standards are developed
5. Prepare accounting journal entries for liabilities including accounts payable and bills payable
6. Account for the formation, operation, reporting and dissolution of partnerships
7. Comprehend and account for the acquisition, depreciation, re-valuation and disposal of non-current assets
8. Prepare and comprehend the reasons for using a statement of cash flows