Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 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.

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6 points, SCA Band 3, 0.125 EFTSL

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

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting
OfferedCaulfield First semester 2015 (Day)
Caulfield Second semester 2015 (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 ACF5958.


Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)


ACF5950. There are no co-requisites for students enrolled in Master of Accounting or Master of Business (Accounting).


AFF2851, AFC2851, AFX9520, AFX9521 and GCO8019