Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

To find units available for enrolment in the current year, you must make sure you use the indexes and browse unit tool in the current edition of the Handbook.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedCaulfield First semester 2013 (Day)
Caulfield Second semester 2013 (Day)
Caulfield Second semester 2013 (Evening)


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.


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.


Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Contact hours

3 hours per week



AFX9520, AFX9521 and GCO8019