units

FIT1030

Faculty of Information Technology

18 September 2017 22 December 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Information Technology

Offered

Clayton

  • First semester 2016 (Day)

Synopsis

This unit is aimed at providing the students with an overall knowledge of business organisations and their structure. The unit will cover all the steps from business strategy to operational planning and financial systems. The internal processes of a business organisation will be described with an emphasis on how they work together to achieve the financial and physical goals of the business.

Accounting information systems and the systems for the processing and recording of business transactions, inventory, sales, purchasing and financial reporting will be described in detail. Tutorial exercises using commercial software will take students through the operational steps of sales, purchasing and deliveries and then produce the main financial statements for the organisation.

A range of new management concepts and tools such as process oriented organisations, control matrices, and systems theory will be described. The unit will also look at how e-commerce and e-business is used in a modern organisation, and give a brief description of contracts and contract law.

Outcomes

On successful completion of this unit, students should be able to:

  1. recognise the business activities of a typical organisation;
  2. perform basic accounting calculations for a business: balance sheet, including: profit and loss, cash flow, pricing, stock valuation, costing models;
  3. describe and analyse document operations and financial flows using various representations;
  4. critically analyse the functioning of an accounting information system in an organisation;
  5. describe how web based systems are used by modern businesses;
  6. recognise the legal aspects of a contract;
  7. plan the function and systems of a business;
  8. analyse and interpret the financial statements of a business.

Assessment

Examination (2 hours): 60%; In-semester assessment: 40%

Workload requirements

Minimum total expected workload equals 12 hours per week comprising:

(a.) Contact hours for on-campus students:

  • Two hours of lectures
  • One 2-hour tutorial

(b.) Additional requirements (all students):

  • A minimum of 8 hours of personal study per week for completing lab and project work, private study and revision.

See also Unit timetable information

Chief examiner(s)

Dr John Betts

Additional information on this unit is available from the faculty at:

http://www.infotech.monash.edu.au/units/