Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should understand the basic principles of accounting, decision making, budgeting and performance evaluation; and understand the role of business systems as part of communication and decision making processes where timely and relevant information is necessary.
Synopsis Overview of business systems: EIS, MIS, AIS; spreadsheets and DBMS; electronic commerce; business management: information needs of users, role of accounting information, types of accounting reports; financial and management accounting; contemporary business environment; basic accounting concepts: financial accounting, management accounting; general accounting systems (computerised): transactions processing, source documents, internal control, and accounting reports, production of reports; business decision making: tactical and strategic decision, capital investment decisions, cost-benefit analysis, evaluation of alternate proposals; financial statement analysis; budgeting and performance evaluation: goals and objectives, strategic planning masters budgets, cash flows, sales and profit forecasts, variance analysis and performance reporting; design of accounting information systems: case study approach on designing an AIS for a small business.
Assessment Assignment: 15% + Major project: 25% + Examination (3 hours): 60%