acf 341- financial information system

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ACF 341 FINANCIAL INFORMATION SYSTEM

Instructors : Saqib Ali / Irfan Umar Faruqui

Office Hours: Monday and Wednesday 3.30 pm to 5.10 pm

and at other times by appointment.

Email [email protected]

Course

Introduction:

To provide students with a good overview of accounting

information systems and the rapidly-growing area of information

systems consulting. Students will develop an understanding of the

principal characteristics and functions of accounting information

systems and gain an appreciation of the internal controls thatshould be in place, network security issues and database design

considerations. Course participants will receive an introduction to

Oracle Applications, one of the leading enterprise resource

planning (ERP) software system used by large companies around

the world. Some aspects of electronic business, particularly

accounting also will be examined.

Learning

Objectives:

Understand the basic characteristics and components of

accounting information systems Examine the key business transaction cycles and the various

operations and controls required to process information.

Understand the internal controls needed to ensure

accuracy and integrity in information processing.

Examine the different diagrams (data flow diagrams &

systems flowcharts) and other types of essential

documentation used to document the structure of

information system and information flow in them.

Learn about the structure of enterprise systems and thebenefits and risks associated with implementing them.

Understand the benefits and risks associated with

database management systems and how they are developed.

Survey some of the key issues involved in analyzing a

clients information system needs and the process of

designing a new or upgraded information system to meet

the organizations current and anticipated future business
mailto:[email protected]:[email protected]


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needs.

Required

Materials

Accounting Information Systems, Sixth Edition, Gelinas Sutton

and Hunton

Acquiring, Developing & Implementing Accounting Information

Systems, Sixth Edition, Gelinas Sutton and Hunton

Grading: Mid Term Exam 20 %

Final Exam 35 %

Class Participation 10%

Project 20%

Quizzes 15%

100%

Class participation: Grading will be determined based on the students

participation in the class and it is therefore required that the students studythe relevant chapter before coming to class.

Quizzes: Therewill be 6 quizzes that will be held at regular intervals.

Mid Term/Final Exams will consist of multiple choice questions, short

answer questions and essays, flowcharts and short problems.

Project: Students will be required to work in groups for the project. The size

and composition of these groups will be determined as the quarterprogresses.


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Course Overview

Session wise breakup of contents coverage

Session Topics to be covered Relevant Chapters in theText Book

01 Overview & Introduction to Information

Systems

Chapter 1

02 Enterprise Systems Chapter 2

03 E-Business Systems Chapter 3

04 Documenting Information Systems Chapter 4

05 Documenting Information Systems (Contd) Chapter 4

06 Database Management Systems Chapter 5

07 Relational Databases and SQL Chapter 6

08 Controlling Information Systems Chapter 7

09 Controlling Information Systems (Contd) Chapter 8

10Controlling Information Systems (Contd)

Chapter 9

11 Mid Term Exam

12 Sales/Collections Business Process (Order

Entry and Sales)

Chapter 10

13 Sales/Collections Business Process (Billing/

Accounts Receivable/Cash Receipts)

Chapter 11

14 Purchasing Process Chapter 12

15 Purchasing Process (Accounts Payables/

Cash Disbursements process)

Chapter 13

16 General Ledger and Business Reporting

Process

Chapter 16

17 Systems Selection and Design / System

Implementation and Operation


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Session Topics to be covered Relevant Chapters in the

Text Book

18 Overview of Oracle Applications

19 Project Presentations

20 Project Presentations (Contd)

Final Exam


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Class Rules and RecommendationsRULE ONE: The first rule in this class is that when I or anyone else is speaking you do not speak.

That is rude, unacceptable behavior. Raise your hand to ask questions or make comments;but if you start whispering to your neighbor, I'll tell you off real fast.RULE TWO: I realize it is a pain but I do expect you to be here on time. If you walk in after we

have started (even just a minute or two late), you are a distraction to other people. Iexpect professional behavior and professional behavior means being on time for meetings.

RULE THREE: Unless you have really got a problem, I don't expect for you to get up and stroll out

of the room until class is over. If it is not an emergency, stay in your seat.

RULE FOUR: I want you to be prepared when you walk into class each day. You are wasting yourtime and someones money if you walk into class without being prepared to learn. I will do

my part to help you learn but you have to do your part and your part is putting in some hours

of preparation for each class. You are adults; it is time for you to realize that preparation

is the key to success. As a famous football coach (Joe Paterno) has said, "if you have thewill to prepare, the will to win will take care of itself.

EXTRA HELP: Please know that I will be glad to give you any extra help during the quarter that you

may need. If you find that you are having difficulty, please see me immediately. It is

always easier if you have specific questions. I have trouble answering the query: can you

explain chapter 3 to me? However, I find it much easier to answer questions such as"where did the numbers come from on page 18?" or "why didn't the accountant add in the

extra cost in this problem?" Thus, keep a pad and whenever you have questions jot them

down. Whenever you read a chapter or work a problem or go through your notes, jot down

your questions. Think about them and, if you can't figure them out, bring them by my

office. I am always glad to talk with you.

RECOMMENDATIONS:

I've seen students try to do it every way possible and I've seen what works and what doesn't.

Based on that experience, it seems to me that - if you truly want to learn the material and get a

decent grade - there are few things you can do to improve the odds.

- One strong suggestion would be to take the class seriously from Day One. If you get behind, it

always makes catching up tough. Thats like running the 100 yard dash and giving your

competition a 40 yard headstart.

- Be consistently strong. If you are well prepared one day but weak the next, you wind up withholes in your knowledge and that leads to a bad grade. If students have one general

weakness, it is the tendency to try hard on an irregular basis and then wonder why they

dont do well.

- Get excited about learning. If learning is not exciting to you, then you should change courses or

get out of school. Making your mind better should be great fun - an experience that you

cherish. It's the only brain you've got and it has to carry you through life - fill it up and it

will serve you well.


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- Plan to spend 2 hours of study every day. I don't mean 6 hours on Monday night or 12 hours every

other Wednesday; I mean about 2 legitimate hours every day. When student do poorly inthis class, it is almost always caused by a failure to put in the time on a consistent basis. I

wish there was a magic pill that I could give you that would allow you to learn a lot without

doing any work but I've just never found that magic pill. There are no steroids for the

brain there is only hard work.

- Being prepared prior to class each day is the best method to gain understanding of the material.

Too many students try to take an enormous quantity of notes and then cram that knowledge

into their brain on the night before the test. Big mistake in this class. I realize that youmay have gotten through high school without learning how to study; however, as you get

ready to enter the adult world, it is time to become an efficient learner. I cannotoveremphasize that being prepared when you walk into the room every day is your most

important step in getting a good grade. It just enables you to understand and absorb what

we cover.

- Read each chapter. Read one page at a time and write down (in one or two sentences) the basicidea of that page. For the illustrations, be sure to walk through the numbers and see where

each one comes from. That takes time but time is just going to be necessary. If you don't

understand something clearly at first, don't assume that (a) you are stupid or (b) it isstupid. Work to figure it out. If it were easy, we wouldn't cover it in business school. In

all honesty, the figuring it out part is all the fun.

- The attitude that you bring to this class (or that you bring to life, for that matter) is a truly

important ingredient in your success. Play a mental game with yourself. Don't start out

assuming that the class will be a pain or that you will do poorly. Instead, assume that youare really looking forward to adding this knowledge to your brain and that you are going to

do the work and actually enjoy the learning and that because you do the work, you are goingto make an A. Much of success and happiness is just getting into the right mindset.

- Never miss class. I make sure each class covers what I want (and expect) you to learn. Missing

class is like losing the road map.

- Come by my office early and often and ask questions (or send me an e-mail). I can frequently

resolve your problems or confusions in just a few seconds where you may waste hours trying

to figure out a problem for yourself. Make good use of my office hours - I am there foryour benefit. Even if I seem busy, I do not mind working with you at all. One of the things

I have noted: the A and B students come by often whereas the D and F students come by

hardly at all (wouldnt you expect it to be the other way around?)

- Realize that I do want you to do well. I want you to learn the material so that you can go out inthe real world and compete with the sharks. Thus, if I beat on you, it is only because I want

you to work hard and learn something of value.

- Don't build up excuses: "I'm not good at numbers." "I don't do well in hard classes." "I don'tunderstand business." You are simply giving yourself permission to get a poor grade. Once


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you have permission, it becomes acceptable to you. I don't know of any talent or skill (other

than hard work) that is really necessary for this class.

- Don't assume that because you have a certain average in school, you will maintain that in this

class. Some students who have high GPAs just assume that they will get a good grade in

this course. Likewise some students believe, because they have low GPAs, that they aredestined for C's. If you put in the energy, you can get an A but not otherwise.

The most important thing you bring to this class is NOT your intelligence.

It is NOT your GPA.It is NOT your high school background or how rich or poor your family is.

The most important thing you bring to this class is the discipline to put in the time that is

necessary on a consistent basis in order to get a good grade. If you have the discipline needed to

do the work on a daily basis, then I fully expect you to get good grade.

acf 341- financial information system

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