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Unit of study_
ACCT6014: Contemporary Technologies in Accounting
This unit of study introduces students to the concepts and approaches associated with contemporary accounting systems and technologies and equips them with skills in their evaluation, design, and adoption. It explores the differences between the needs of small and medium-sized enterprises and multi-national business firms and the challenges they face in the adoption of contemporary accounting systems and technologies. The unit of study introduces students to the concepts and application of emerging technologies such as data analytics, dashboards, blockchain, and artificial intelligence to accounting. Students develop hands-on skills in contemporary industry-standard accounting systems such as SAP and MYOB and are introduced to other emerging technologies.
| Code | ACCT6014 |
|---|---|
| Academic unit | Accounting |
| Credit points | 6 |
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Prerequisites:
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ACCT5001 |
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Corequisites:
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None |
| Prohibitions:
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None |
At the completion of this unit, you should be able to:
- LO1. explain the concepts, principles and processes in the design and improvement of accounting systems
- LO2. identify, develop and apply the selection criteria relevant to the evaluation, re-design and adoption of a packaged accounting system with focus on changes to business processes, inputs, controls and reporting and benefits realisation
- LO3. construct a recommendation for the design of a suitable accounting system to a real-world business organisation integrating concepts, best practice processes, internal controls and specialist software skills
- LO4. examine basic requirements for reports and reporting that will assist managers in decision making.
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