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Unit of study_

ACCT6014: Designing Accounting Systems

This unit introduces students to the concepts, challenges and approaches associated with the evaluation, design, introduction, operation and improvement of accounting systems and reflects the differences in the needs of family-owned businesses, small and medium-sized enterprises and multi-national business firms. Elements of those systems include methods of documenting transactions and events; internal control procedures designed to safeguard human physical and financial resources; manual, semi-automated or fully automated source data entry, transaction processing methods and financial and non-financial reports on operational activities. These issues are also considered with regard to the capabilities of contemporary industry-standard accounting and business application software such as spreadsheets, MYOB and SAP in a cost-effective and secure manner. Topics include the design of charts of accounts; in solutions context; internal controls and maintaining audit trails, records management; the identification of requirements and the use of selection criteria for the evaluation, introduction, configuration and operation of packaged accounting software solutions. It provides students with the hands-on skills in the design and implementation of an accounting system to a real-world medium-sized organisation using an industry standard accounting software solution by integrating concepts, approaches, commercial realities and capabilities of contemporary enterprise resource planning systems. At the commencement, students are provided with a review of business frameworks including cycles, systems, source documents and recording transactions which act as a common starting point on which the unit builds.

Details

Academic unit Accounting
Unit code ACCT6014
Unit name Designing Accounting Systems
Session, year
? 
Semester 1, 2021
Attendance mode Normal day
Location Remote
Credit points 6

Enrolment rules

Prohibitions
? 
None
Prerequisites
? 
ACCT5001
Corequisites
? 
None
Available to study abroad and exchange students

Yes

Teaching staff and contact details

Coordinator Ravi Seethamraju, ravi.seethamraju@sydney.edu.au
Type Description Weight Due Length
Final exam (Live+ supervised) Type A final exam hurdle task Final exam
Case studies, essay type questions and MCQs
40% Formal exam period 2 hours
Outcomes assessed: LO1 LO4 LO3 LO2
In-semester test (Record+) Type B in-semester exam Mid-semester exam
Short answer and case study
20% Week 07
Due date: 20 Apr 2021 at 18:00
2 hours
Outcomes assessed: LO1 LO2 LO3 LO4
Assignment Design skills assignment
Designing an accounting system using software tools for a given business
20% Week 13
Due date: 02 Jun 2021 at 21:00

Closing date: 04 Jun 2021
2 hours
Outcomes assessed: LO2 LO3 LO4
Small continuous assessment In-class assessments
Practical assessment and class participation
20% Weekly n/a
Outcomes assessed: LO1 LO4 LO3 LO2
hurdle task = hurdle task ?
Type A final exam = Type A final exam ?
Type B in-semester exam = Type B in-semester exam ?
  • In-class assessment: Students must complete workshop exercises using accounting software in workshops/labs and actively participate in both workshops and lectures. 
  • Mid-semester exam: Students are required to demonstrate an understanding of the key elements of accounting systems covered in weeks 1 to 6 inclusive. This examination will be conducted in class (lecture/seminar time) in week 7. 
  • Design skills assignment: Students' are required to demonstrate their specialist software skills in the mapping, designing & execution of accounting system parameters for a given business scenario in supervised environment. 
  • Final exam: This assessment covers all the topics covered in lecture-workshops as well as in lab-workshops throughout the semester and all the associated readings and unit materials. The final exam is listed as a HURDLE TASK, which means you must undertake the assessment and achieve a mark above a minimum standard. Students who fail to achieve this minimum standard in this assessment, even when their aggregate mark for the entire unit is above 50%, will be given a Fail grade for the unit. As a result the student's academic transcript will show a fail grade and the actual mark achieved if between 0-49 and a fail grade and a capped moderated mark of 49 for all other marks. The hurdle mark for this assessment is 45%

Replacement exams: The Business School has determined that second replacement exams (both mid-semester and final) will not be offered for this unit of study should a student submit two special considerations for the same exam as this unit forms part of the professional accounting accreditation pathway. Should a student be granted a replacement exam via special consideration, and is then unable to attend or does not complete the replacement exam, any subsequent special consideration will result in a DC grade (Discontinue Without Fail).

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Distinction

75 - 84

Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Credit

65 - 74

Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Pass

50 - 64

Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

For all the late submissions after the due date not covered by an approved special consideration) or submitted after the extension granted under a special consideration, a penalty of 10% of the total available marks per day or part thereof, until the close date (one week after the due date) will be applied. After the close date student will receive 'ZERO' mark for the assessment task.

Special consideration

If you experience short-term circumstances beyond your control, such as illness, injury or misadventure or if you have essential commitments which impact your preparation or performance in an assessment, you may be eligible for special consideration or special arrangements.

Academic integrity

The Current Student website provides information on academic honesty, academic dishonesty, and the resources available to all students.

The University expects students and staff to act ethically and honestly and will treat all allegations of academic dishonesty or plagiarism seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic dishonesty. If such matches indicate evidence of plagiarism or other forms of dishonesty, your teacher is required to report your work for further investigation.

WK Topic Learning activity Learning outcomes
Week 01 Introduction to the unit; Key elements of Accounting System Design Seminar (2 hr) LO1 LO3
Week 02 Accounting system for SMEs – features, capabilities, limitations & adoption Seminar (2 hr) LO1 LO2 LO3
Week 03 Automated accounting system (SAP) for large enterprises - features, limitations and adoption Seminar (2 hr) LO1 LO2 LO3
MYOB exercises on purchases, sales and reports Workshop (2 hr) LO2 LO3 LO4
Week 04 Designing inputs including source documents & Chart of Accounts for SMEs & Large enterprises Seminar (2 hr) LO1 LO2 LO3 LO4
MYOB exercises on purchases, sales and reports and design for an SME Workshop (2 hr) LO2 LO3
Week 05 Designing business processes (concepts, data flows, transactions and process improvements) Seminar (2 hr) LO1 LO2 LO3
SAP - foundations, logging-in, navigation of SAP screens Workshop (2 hr) LO2 LO3
Week 06 Designing controls in accounting systems (SMEs and large enterprises) Seminar (2 hr) LO1 LO2 LO3
Week 07 Mid-semester examination (Type B Exam) Seminar (2 hr) LO1 LO2 LO3
Week 08 Designing processes & controls in accounting systems for large enterprises Seminar (2 hr) LO1 LO2 LO3
SAP exercises on master data, transactions and reports Workshop (2 hr) LO2 LO3 LO4
Week 09 Designing reports, reporting using G/L and for performance management, data visualisation and performance dashboards Seminar (2 hr) LO1 LO3 LO4
SAP exercises on accounts payable, accounts receivable, cost allocations and reports Workshop (2 hr) LO2 LO3 LO4
Week 10 Auditing an automated accounting system and evaluation of an accounting system Seminar (2 hr) LO2 LO3
SAP exercises on cost allocations, cost centre reporting Workshop (2 hr) LO2 LO3 LO4
Week 11 Accounting systems and emerging technologies (analytics, blockchain and artificial intelligence) Seminar (2 hr) LO1 LO3
Mapping business scenarios for redesigning an accounting system (in SAP and MYOB) Workshop (2 hr) LO3 LO4
Week 12 Considerations in the design of accounting systems and design process Seminar (2 hr) LO1 LO2 LO3 LO4
Mapping business scenario and accounting system design/redesign using appropriate software tools (MYOB and/or SAP) Workshop (2 hr) LO3 LO4
Week 13 Summary and review of the unit Seminar (2 hr) LO2 LO3 LO4

Attendance and class requirements

  • Attendance: Each student must attend one two-hour lecture-workshop per week (for 13 weeks) and one two-hour lab-workshop per week in weeks 2, 3, 4, 7, 8, 9, 10 and 11 (total 8 workshops) as per individual time table. Each student is automatically allocated to a lecture-workshop stream and a lab-workshop by the University timetabling system. Once confirmed, no further changes are permitted. For details, please check your individual time table.
  • Lecture recordings: All lectures and seminars are recorded and will be available on Canvas for student use. Please note the Business School does not own the system and cannot guarantee that the system will operate or that every class will be recorded. Students should ensure they attend and participate in all classes.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Seethamraju, R. (2018) (compiled) "Designing Accounting Systems - Readings", Custom book edition, Melbourne: Pearson Australia.

In addition, several readings are listed in the Canvas.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University’s graduate qualities and are assessed as part of the curriculum.

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.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9
Some changes to the sequence of the topics and materials have been made in response to student feedback since the unit was last offered.

Consultation and discussion forum: Consultation times will be posted in Canvas. Students are encouraged to use Canvas discussion forums for clarifications about the unit including the content, lectures, workshops, assessments and others.   

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.