615-102 Accounting & Finance for Decision Making

Note

Credit Points

HECS Band

Coordinator

Semester

Contact

Subject Description

This subject equips information systems students with a basic understanding of the principles and the methodology employed in accounting and accounting information systems, so that they develop an appreciation of what represents a large proportion of information systems applications and so that they can usefully contribute to the justification, development and design of accounting information systems and other information systems that in some way involve accounting.

Topics include the basic and extended accounting equations, the basic financial and organisational structures of business, the concepts of accrual accounting and generally accepted accounting principles, financial statements, cost accounting, time value of money, relevant information for decision-making, systems requirements for accounting information systems, and planning and budgeting.

At the completion of this subject, students should:

• understand accounting concepts, terminology, and basic methodology;

• understand the basic structure and systems requirements of accounting information systems;

• be able to use discounted cash flow and other financial techniques for evaluating technology investments; and

• 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 (70%), one assignment (15%) and a mid-semester test in class (15%). Satisfactory completion of this subject requires a pass in the examination.