ACC3101 Accounting Information Systems
Pre-requisite: ACC1102 and CIS1000
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at <http://www.usq.edu.au/ict/students/standards/default.htm>.
This course takes a cost contracting approach to analysing accounting information systems, although other perspectives on firms and information systems are also considered. Drawing on the theory of the firm (Coase 1937) and agency theory (Jensen and Meckling 1976, Fama and Jensen 1983), the course examines the role of accounting information systems in monitoring and controlling contracting and agency relationships between the various economic actors in business firms, and in supporting contracting relationships beyond the boundaries of the firm. It focuses on the design of accounting information systems in the context of a business operation with an emphasis on the design of controls and control systems to mitigate against the threats induced by agency based relationships and through intentional and unintentional error. Throughout the course these topics are considered in the context of recent major changes in the business environment, such as globalisation of world economies, sustainability and advances in technologies such as the Internet and telecommunications. Students are taught how to 'find out' about these changes and to analyse them in an information systems context. This analysis will equip students to understand how accounting information systems operate to support the internal and external functioning of firms, and how to make best use of them. Since accounting information systems are at the heart of most business information systems, the course focuses on three major transaction processing cycles viz general ledger/reporting, revenue and expenditure.