ACCT 6014 Designing Accounting Systems

This ACCT 6014 Designing Accounting Systems module introduces students to the concepts, problems and methods associated with evaluating, designing, implementing, operating and improving accounting systems, and reflect the differences in the needs of family businesses, small and medium-sized enterprises, and multinational companies. Elements of these systems include methods for registering transactions and events; internal control procedures designed to protect human and financial resources; manual, semi-automatic or fully automatic input of initial data, methods of processing transactions, as well as financial and non-financial reporting of operating activities. These questions also address the functionality of current industry accounting standards and business applications (such as spreadsheets, MYOB, and SAP) cost-effectively and securely. Topics include developing a chart of accounts; solution; internal control and audit trail management; records management; Define requirements and use selection criteria to evaluate, implement, customize, and run accounting software packages. It brings together the concepts, methods, business realities and functions of modern enterprise resource planning systems to provide students with practical skills to design and implement accounting systems using standard accounting software solutions. At the opening ceremony, students will gain an understanding of an overview of the business structure, including cycles, systems, source files and registered transactions, which are common starting points for building this unit.

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