Course Title: Set up and operate a computerised accounting system
Part B: Course Detail
Teaching Period: Term2 2008
Course Code: COSC5239C
Course Title: Set up and operate a computerised accounting system
School: 650T TAFE Business
Campus: City Campus
Program: C5178 - Diploma of Accounting
Course Contact : Jenny Wotzko
Course Contact Phone: +61 3 9925 5701
Course Contact Email:jennifer.wotzko@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Laurine Symington
Nominal Hours: 80
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
BSBCMN308A Maintain financial records [ACCT 5180C]
Course Description
This unit covers the competency to establish and operate under supervision, a computerised accounting system.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACCT407A Set up and operate a computerised accounting system |
Element: |
Ensure system integrity |
Performance Criteria: |
5.1 Regular back-ups of the system are made to ensure against loss or corruption of data |
Element: |
Implement an integrated accounting system |
Performance Criteria: |
1.1 The general ledger and chart of accounts are implemented in accordance with organisational requirements |
Element: |
Maintain the system |
Performance Criteria: |
3.1 Any new general ledger accounts, customer, supplier, inventory and fixed asset records are added as required |
Element: |
Process transactions within the system |
Performance Criteria: |
2.1 Input data is collated, coded and classified before processing |
Element: |
Produce reports |
Performance Criteria: |
4.1 Reports to indicate the financial performance and financial position of the organisation are generated |
Learning Outcomes
Details of Learning Activities
Each week students will be introduced to a new aspect of the accounting process using a computerised accounting package, with practical demonstrations of how and why each procedure is followed.
Students will then complete graded exercises, both in class and at home, and will participate in group discussion, problem – solving and project completion in a mock work environment.
Teaching Schedule
Week | Date | Content | Performance Criteria | Folio of evidence |
8 | 25/8/2008 | Introduction to MYOB Data creation Cash accounting | 1.1, 1.2, 1.3, 1.4, 2.2, 5.1, 5.3 | Chapter Two Cozy Dry Cleaners |
9 | 8/9/2008 | Cash Accounting processing cash receipts, payments and the Bank Reconciliation Statement | 2.1, 2.2, 2.4, 2.5, 3.1, 4.4 | Chapter Three 3.4 Review |
11 &12 | 22 and 29/8/2008 | Accounts payable/ Accounts receivable |
1.2, 2.2, 3.2,4.3 .5.2, 5.3. | |
12 | 29/8/2008 | Accounts payable/ Accounts receivable | 1.2, 2.2, 3.2, 4.3,.5.2, 5.3. |
Chapter four 4.6 review Chapter five 5.5 Review |
13 | 6/10/2008 | Inventory | 3.1, 3.2, | Chapter Six 6.6 Review |
14 | 13/10/2008 | General ledger | 2.3, 2.5, 2.6, 3.3, 4.1, 4.2, 5.3 | |
15 | 20/10/2008 | General ledger | 2.3, 2.5, 2.6, 3.3, 4.1, 4.2, 5.3 | Chapter Seven, 7.4 Review assignment. |
16 | 27/10/2008 | Review | ||
17 | 3/11/2008 | Review | ||
18 | 10/11/2008 | Review |
Learning Resources
Prescribed Texts
Computer accounting a systematic approach Euan Sutherland Pearson Education (Version 17) |
9780733991134 |
References
Supplementary notes and exercises placed on the learning hub (DLS) progressively each week. |
Other Resources
Overview of Assessment
Throughout this course interactive class exercises performed as a group, followed by discussion of the solutions and question & answer sessions will provide formative feedback to the students regarding their progress in achieving competency.
Assessment tasks may include individual in-class exercises, closed book class tests, assignments, question & answer activities and closed book exams.
Assessment Tasks
Folio of Evidence: Questions as listed (no score given but must be satisfactory when submitted. Essential if a pass is to be obtained)
Assignment: as given 20%
In class exercises: These exercises may be completed when you consider you have covered the work, but MUST be completed before Week 13 for task 1 (Cash Accounting) 20%, Week 14 for Task 2 (Accounts Payable and Receivable) 30% Week 15 for Task 3, (Inventory) 10% and Week 16 for Task 4 (General Ledger)20%
You will be advise in which class you may do the tasks. They will be open book and MUST be completed under exam conditions.
Assessment Matrix
Element |
Tasks | Assignment |
1. Implement an integrated accounting system |
4,1 | Yes |
2. Process transactions within the system | 1, 2, 3, 4 |
Yes |
3. Maintain the system |
4 | Yes |
4. Produce reports | 1, 2, 3, 4 | Yes |
5. Ensure system integrity |
4 | Yes |
Course Overview: Access Course Overview