ACCT5532 - Accounting Information Systems

The subject matter of ACCT5532 - Accounting Information Systems is the collection, processing, and management of accounting data within an organisation, utilising contemporary information systems.Students also cover concepts including system design, database schemes, internal controls and the implementation of ERPs to improve business decisions and financial integrity. 

Sample Questions and Answers

Q1. What is the main purpose of an Accounting Information System (AIS)?
A: The main purpose of an AIS is to record, process, and report financial data accurately to support decision-making and ensure compliance with accounting standards.

Q2. Why are internal controls important in an AIS?
A: Internal controls protect the system from errors and fraud by monitoring data access, enforcing segregation of duties, and maintaining audit trails.