615-102 Accounting and Finance for Decision Making

Note

1. This subject is regarded by the Faculty of Science as a non-science subject for students enrolled in the single BSc and combined BSc courses.
2. This subject or 306-102 (Accounting Concepts) or 306-104 (Accounting 1B) is required for completion of the BIS. Students may not gain credit for this subject and either 306-102 or 306-104.

Credit Points

Coordinator

Semester

Contact

Subject Description

This subject equips information systems students with a basic understanding of the principles, and the shortcomings, of accounting so that they can contribute to the justification and development of organisational information systems that include accounting measures.

Topics selected from the conceptual framework for accounting (double entry and matching, assets and liabilities, income and expense, profit, cash flow); the structure and use of financial statements; and discounted cash flow for decision making (net present value, internal rate of return, hurdle rate, risk premium).

At the completion of this subject, students should:

• understand accounting concepts and terminology
• be able to understand and make use of published and internal financial statements
• be able to use discounted cash flow and other financial techniques for evaluating technology investments
• Understand the uses, role, and nature of accounting systems for control, reporting, management information, and short- and long-term decision making.

Assessment

A 2-hour end-of-semester examination (80%), one assignment (20%) and a mid-semester test in class. Satisfactory completion of this subject requires a pass in the examination.