ais course outline

Emirates Institute for Banking and Financial Studies

BSc in AccountingCourse Syllabus

Course Title Accounting Information SystemCourse Code ACC300Prerequisite Course (s)Course CategoryYear of StudyOffice Location Emirates Institute for Banking and Financial Studies

(Sharjah/Abu Dhabi/Dubai)No. Of Credits 3Assessment Method and Criteria

Assignments, Quizzes, Mid-Term, End Term

Language of Instruction EnglishMode of Delivery Face-to-Face

Course Description:

The course aims to provide a critical understanding of Accounting Information Systems that will enable students to practice the subject in an effective manner. As technology continued to develop, accounting became increasingly dependent on information systems, to the point where it is now viewed as a subset of information systems. The course explores, in detail, several typical AIS application subsystems, such as revenue, payment, payroll, and production cycles. The course covers topics including the role of accounting information, business processes, system mapping and documentation, transaction cycles, business environment and the control of risk. The course also endeavors to develop skills to critically analyze and evaluate the existing AIS and propose control procedures that are appropriate and sensible.

Course Objectives:

The objectives of the course are to enable the student to:

1. Understand the fundamentals of Accounting Information Systems, including topics such as electronic commerce, electronic business and the internet,

2. Understand of the purpose and role of accounting information systems within contemporary organizations;

3. Develop an awareness of the way in which internal controls and technology interrelate with Accounting Information Systems; and

4. Develop an understanding of the real-life problems of designing, implementing and using Accounting Information Systems.

5. Apply what they learn from the course to the real-world accounting decision making environment,

Course Learning Outcomes:By the end of the course students will be able to:

ACC 300 Accounting Information Systems

1. Appreciate of how information systems, particularly accounting information systems, can assist in attaining organisational objectives, and how they can improve planning and control at all levels of the organisation;

2. Appreciate the technical nature of (and interrelations between) physical resource flows, source documentation, financial flows, internal controls, accounting information procedures, and management control systems for both manual and computerised accounting information systems;

3. Understand the business processes and accounting cycles: how accounting transactions are initiated, processed and recorded and the operational and information functions of several major AIS subsystems, how these subsystems interface with one another, and the principle inputs, processes, files and outputs associated with these subsystems;

4. Understand internal controls (both computerised and manual) and its associated risks and an ability to critically evaluate and design the structure of internal control elements with business processes and accounting cycles; and

5. Apply accounting principles and theoretical skills to case-based scenarios.

Course Outline

Week TopicDetails

1 Accounting Information Systems: An Overview

Distinguish between data and information and explain how to determine the value of information. Decisions an organization makes and the information needed to make them. Identify the information that passes between internal and external parties and an AIS. Describe the major business processes present in most companies. Explain what an accounting information system (AIS) is and describe its basic functions. Discuss how an AIS can add value to an organization. Explain how an AIS and corporate strategy affect each other. Explain the role an AIS plays in a company’s value chain.

2 Overview of Transaction Processing and Enterprise

Describe the four parts of the data processing cycle and the major activities in each. Describe documents and procedures used to collect and process transaction data. Describe the ways information is stored in computer-based information systems.

Discuss the types of information that an AIS can provide.Discuss how organizations use enterprise resource planning (ERP) systems to process transactions and provide information.

3 Systems Documentation Techniques

Prepare and use data flow diagrams to understand, evaluate, and document information systems. Prepare and use flowcharts to understand, evaluate, and document information systems. Prepare and use business process diagrams to understand, evaluate, and document information systems.Quiz 1

4 Relational Databases

Explain the importance and advantages of databases, as well as the difference between database and file-based legacy systems. Explain the difference between logical and physical views of a database. Explain fundamental concepts of database systems such as DBMS, schemas, the data dictionary, and DBMS languages. Describe what a relational database is and how it organizes data. Create a set of well-structured tables to properly store data in a relational database.


Perform simple queries using the Microsoft Access database.

5 Control and Accounting Information Systems

Explain basic control concepts and why computer control and security are important. Compare and contrast the COBIT, COSO, and ERM control frameworks. Describe the major elements in the internal environment of a company. Describe the four types of control objectives that companies need to set. Describe the events that affect uncertainty and the techniques used to identify them. Explain how to assess and respond to risk using the Enterprise Risk Management model. Describe control activities commonly used in companies. Describe how to communicate information and monitor control processes in organizations.

6 Controls for Information Security

Explain the factors that influence information systems reliability.Describe how a combination of preventive, detective, and corrective controls can be employed to provide reasonable assurance about information security.

7 Auditing Computer-Based Information Systems

Describe the scope and objectives of audit work, and identify the major steps in the audit process. Identify the objectives of an information system audit, and describe how the risk-based audit approach can be used to accomplish these objectives. Describe the different tools and techniques auditors use to test software programs and program logic. Describe computer audit software, and explain how it is used in the audit of AIS. Describe the nature and scope of an operational audit.

Mid Term Exam8 The Revenue

Cycle: Sales to Cash Collections

Describe the basic business activities and related information processing operations performed in the revenue cycle. Discuss the key decisions that need to be made in the revenue cycle, and identify the information needed to make those decisions. Identify major threats in the revenue cycle, and evaluate the adequacy of various control procedures for dealing with those threats.

9 The Expenditure Cycle: Purchasing to CashDisbursements

Describe the basic business activities and related information processing operations performed in the expenditure cycle. Discuss the key decisions to be made in the expenditure cycle, and identify the information needed to make those decisions. Identify major threats in the expenditure cycle, and evaluate the adequacy of various control procedures for dealing with those threats.

10 The Production Cycle

Describe the major business activities and related information processing operations performed in the production cycle. Explain how a company’s cost accounting system can help to achieve its manufacturing goals. Identify major threats in the production cycle, and evaluate the adequacy of various control procedures for dealing with those threats. Discuss the key decisions that must be made in the production cycle, and identify the information required to make those decisions.Quiz 2


11 The Human Resources Management and Payroll Cycle

Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle. Explain the key decisions to be made in the HRM/payroll cycle, and identify the information required to make those decisions. Identify the major threats in the HRM/payroll cycle, and evaluate the adequacy of various internal control procedures for dealing with them.

12 General Ledger and Reporting System

Describe the information processing operations required to update the general ledger and to produce other reports for internal and external users. Identify the major threats in general ledger and reporting activities, and evaluate the adequacy of various control procedures for dealing with them. Understand the implications of new IT developments, such as XBRL, and changes in external reporting requirements, such as IFRS, for the design and operation of the general ledger and reporting system. Discuss how tools such as responsibility accounting, balanced scorecards, and graphs can be used to provide information managers need to effectively monitor performance.Assignment

13 Database Design Using the REA Data Model

Discuss the steps for designing and implementing a database system. Use the REA data model to design an AIS database. Draw an REA diagram of an AIS database. Read an REA diagram and explain what it reveals about the business activities and policies of the organization being modelled.

14 Implementing an REA Model in a Relational Database

Integrate separate REA diagrams for individual transaction cycles into a single comprehensive organization-wide REA diagram. Build a set of tables to implement an REA model of an AIS in a relational database. Explain how to write queries to retrieve information from an AIS relational database built according to the REA data model.

15 AIS Development Strategies

Describe how organizations purchase application software, vendor services, and hardware. Explain how information system departments develop custom software. Explain how end users develop, use, and control computer-based information systems. Explain why organizations outsource their information systems, and evaluate the benefits and risks of this strategy. Explain the principles and challenges of business process management. Describe how prototypes are used to develop an AIS, and discuss the advantages and disadvantages of doing so. Explain what computer-aided software engineering is and how it is used in systems development.

16 Review and Revision

Final Exam

Application Pedagogy:Lecture format will include discussions, case studies, group work, computer exercises, visual and audio learning as necessary. Student will be expected to participate actively in the discussions during the sessions.


Students will be expected to read the text, assignment, articles or other assigned recommended readings by the instructors.

Teaching Methods:Lectures, Interactive presentations, Interactive problem solving;

Use of Modern Instructional Technology:Learning Management System, PC Ms-EXCEL, Practice through student workbook,

Grading:

Attendance 10%The Institute’s attendance policy must be adhered to. Those who have any reasons not to attend lecture should notify their instructor.

Participation 5%Students are encourage to take part in discussions, presentations, seminars..etc.

Assignments & Quizzes

20%

Assignments are used as a method of evaluating student participation, understanding, and progress made over the course period. Assignments are part of students Term Work and should be completed and presented within the term as instructed. Students are encouraged to put more emphasis on this important term work.

Midterm Exam 25%Mid-term exam is an important method of evaluating student’s progress and should be given adequate

Final exam 40%Final exams cover all topics taught in the course and may take several forms of question such as the multiple choice, short answer, identify, fill-in, diagram, etc.).

Attendance:Attendance and participation in all classes is essential in order to capture the full learning experience and is considered an important part of EIBFS academic requirements. Instructors regularly take attendance and submit reports to academic advisors. Students are advised to refer to the Students’ Handbook for more details on EIBFS’s attendance policy.

Educational ResourcesEducational Resources

Description

Text Book Accounting Information Systems, 13/E - Marshall B. Romney, Paul J. SteinbartISBN-10: 0133428532 • ISBN-13: 9780133428537Reference Books

R1 Accounting Information Systems, James A. HallPublisher: South-Western College Pub;ISBN-10: 1439078572ISBN-13: 978-1439078570

R2 Gelinas and Dull, Accounting Information Systems, 8th edition, Thomson South-Western,2008, ISBN 0-324-37882-5.


Grading Criteria for Assessments The approved grades of performance and associated ranges of marks for subjects are:

Percent Grade Grade 4 EIBFS Description90 100 A+ 4.0 Outstanding80 89 A 3.8 Excellent70 79 B 3.0 Good60 69 C 2.0 Satisfactory0 59 F 0.0 Failure

Assessments, Mid-term and End Term performance will be reported as percentages. However the overall performance at the end of the term will be reported as grade.

Methods for Monitoring and Authenticating Student Work The student’s log-ins and internet journeys can be traced. The student’s development of practical skills will be monitored during their academic journey. The group work and an individual’s input will be recorded in minutes.

Plagiarism Please be aware of the plagiarism norms of the EIBFS and take care not to infringe upon any of them. All students are required to attach the hard copy and softcopy of the plagiarism report for all soft copy / hard copy submissions (except hand written assignments) generated by Viper Software (Downloadable Free). The maximum acceptable limit of Plagiarism report is 20%.

Academic Integrity Each student in the course is expected to abide by EIBFS’s Code mentioned in student Handbook.

Academic dishonesty is not limited to simply cheating on an exam or assignment. It also includes the following:⇒Facilitating acts of academic dishonesty to others,⇒Submitting someone-else work or work previously used in other courses, without informing the instructor,⇒Receiving outside assistance without instructor’s permission⇒Including ideas from external sources (such as on the web or in the library) without proper referencing⇒Providing assistance to students during exam


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