Monash University Handbook 2011 Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

The objective of this unit is two-fold. Initially the unit focuses on effective design and auditing of spreadsheet models, types and uses of models, and the benefits and limitations of models for use as decision support tools; various models are developed using an industry standard spreadsheet. Methods such as exploring data variations within financial models, optimisation models, probabilistic and forecasting models are covered; and emphasis placed on hypothesis testing, descriptive statistics, frequency and probability distributions, and simple linear regression and correlation. Having provided practical information analysis tools, the unit proceeds to the theoretical analysis of accounting information and the role technology plays in gathering, storing and managing accounting information. The unit provides an introduction to accounting information systems; business processes; enterprise systems; and internal controls.

Objectives

The learning goals associated with this unit are to:

1. demonstrate a working facility with spreadsheet software by formulating well formed computer-based financial models suitable for use by management and decision makers
2. analyse data produced by models via statistical and quantitative analysis to arrive at rational optimal decision outcomes in business planning, forecasting and management
3. examine the role of integrated accounting information systems in analysing and providing decision support to financial activities of a company
4. analyse the issues involved in the use of computerised accounting information systems and financial models
5. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with accounting information and systems modelling and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFX9580.

Assessment

Within semester assessment: 30%
Examination: (3 hours): 70%

Chief examiner(s)

Red Ceglowski

Contact hours

3 hours per week

Co-requisites

AFX9500

Prohibitions

AFX9520, AFX9521 and GCO8019