Accounting Information: Risks & Controls (ACCT20007)

Intended learning outcomes

On successful completion of this subject a student should be able to: 

• Describe and explain what is meant by Information quality in regards to accounting information
• Explain the role of information systems and technology in achieving reliable accounting transaction data and reports
• Interpret and analyse business process documentation
• Explain the role of internal controls in managing risks
• Recommend internal control plans to cover key business process risks and to achieve key business process operation and information control goals
• Evaluate, analyse and interpret the efficacy of business processes and reliability of accounting data to ensure the quality of information in accounting reports

Generic skills

• High level of development: Collaborative learning; problem solving; teamwork; interpretation and analysis; critical thinking; evaluation of data and other information; use of computer software; written communication; application of theory to practice
• Moderate level of development: Oral communication; written communication; synthesis of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas