CBFS4203 COURSE GUIDE

INTRODUCTION
Accounting and Financial Information System is an elective course offered at Open
University Malaysia (OUM) under the Faculty of Multimedia and Information Technology.
This course carries (3) credit hours for the period of 14 weeks.

WHO SHOULD TAKE THIS COURSE?

This is an elective course open to all undergraduate students under the Faculty of
Multimedia and Information Technology. Before undergoing this course, you must
understand the course contents, how it will be executed and the prerequisite of this
course, i.e. Financial Accounting. For that purpose, you should read this course guide
carefully from the start till the end.

LEARNING TIME ALLOCATION

According to OUM standard, each student must allocate 40 hours for each credit hour.
Therefore, this course requires 120 study hours. The estimated time to be allocated are as
follows:

Table 1: Estimated Time Allocation for the Course

Activity Hour
Reading course module and completing exercises 70
Attending 5 tutorial sessions for the duration of 2 hours per session 10
Accessing the Internet 6
Completing one (1) assignment 24
Revision 10
Total 120

COURSE OBJECTIVE
At the end of this course, you will be able to:

1. Describe the meaning of accounting information system as compared to

management information system.

2. Understand the development in accounting, the criticism, architecture and the

alternative information system architecture.

3. Discuss business process modeling including control and audit in accounting

information system environment

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 COURSE GUIDE CBFS4203

COURSE SYNOPSIS
This course is prepared for the students to master the basic concept of accounting
information system, including its terminology, the value of the system to an organisation,
system development, data modelling and e-commerce. Control and audit of accounting
information system covers the control practice, security and computer fraud, and internal
auditing technique.

COURSE OVERVIEW
This course module is divided into 9 topics and the relationship of each chapter is depicted
as follows:

Topic 1 : Accounting Information System: An Overview

This chapter places the subject of accounting information systems from
accountant’s perspectives.

Topic 2 : Information & Business operation

This chapter shows how information flows within a business to support
business operations. We will explain how Information System might help in
managing a business. Furthermore, we will describe several basic business
information processing activities.

Topic 3 : Accounting Records & Documentation Techniques

This chapter describes the relationship between accounting records to
documentation techniques used in both manual and computer based
systems.

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Topic 4 : Control & Accounting Information Systems

This chapter describes the existence of a sound system for internal control in
order to ensure asset safeguarding, data integrity, system effectiveness, and
system efficiency.

Topic 5 : Accounting Transaction Cycles

This chapter presents some preliminary topics that are common to all three
transaction processing cycles, namely the revenue cycle, the expenditure
cycle, and the conversion cycle.

Topic 6 : Revenue Cycle Applications

This chapter describes the revenue cycle activities:
This includes internal control procedures, computer application system and
controls in the computer environment for revenue cycle activities.

Topic 7 : Expenditure Cycle Applications

This chapter describes the expenditure cycle activities (purchasing & cash
disbursement and payroll):
This includes internal control procedures, computer application system and
controls in the computer environment for expenditure cycle activities.

Topic 8 Production Cycle Applications

This chapter describes the production cycle activities, internal control :
This includes procedures for production cycle, computer application system
for production cycle and controls in the computer environment for the
production cycle activities.

Topic 9 : Genereal Ledger & Reporting System

This chapter describes the financial cycle activities:
This includes internal control procedures, computer application system, and
controls in the computer environment for the financial cycle activities.

SOFTWARE
Application of computerised accounting software includes:

(i) Accounting
It covers the preparation of financial statements which includes income statement
and balance sheet. As a start, students are required to prepare journal entries
through computerised system and understand the flow of accounting cycles using
this system.

Besides that, the students are trained on how to prepare and maintained debtors and
creditors ledger using the computerised accounting system. The students can now
link this to what they learn on revenue cycle and expenditure cycle in the module.
They too can understand how the fixed asset being recorded and maintained using
the system.

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Finally, the students will be exposed to budget and report preparation on variance
using the system. At this stage, the students can also see the applications on the
courses learned in management accounting, especially on variance and budget.

(ii) Stock
This application would educate students on maintaining stock ledger control account.
This would also give a clearer picture to students on the accounting cycle for stock.
They may also now see the linkages of the stock to debtors and creditors ledger.

To make entry or adjustments to the stock, students can now see and understand on
documents required for the purchases and sales activity. Apart from that, the
students themselves can print and see what are the reports generally produced using
the system.

(iii) Payroll
It enables students to compute the payment system for salaries or wages; and its
related deductions such as EPF, SOCSO, PCB, and etc. They also can understand
how to deal with increments and other income like allowance, commission and
bonus.

Besides that, the students can now print and see the output from the system like
payslips and reports like payroll register, EA form, SOCSO, PCB, EPF deduction list.

PRELIMINARY KNOWLEDGE
You need preliminary knowledge in Financial Accounting before you embark on this
course. Prerequisite is required for this course because this is an elective course under
LAN.

READING MATERIALS
Reference text books are as suggested and stated in the text of this module.

ASSESSMENT
The course assessment involves two components, i.e. continuous and final assessment.
The breakdown is as follows:

Continuous assessment:

1. Test (2) 25%

2. Involvement in discussion 5%
3. Assignment (1) 20%
4. Final exam 50%

Total 100%

Reminder: You are required to pass the final exam in order to pass the course.

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