The module will prepare students for a role in accounting so they can identify areas where current, emerging and disruptive Technologies can be applied to enhance efficiency and effectiveness in organisations. Additionally, the students will gain an understanding and application of computerised Accounting, Payroll and Accounts Production software packages.
Modules in semesters 6 and 7 will expose students to Accounting, Payroll and Statutory Accounts Production packages, offering the opportunity to design, analyse and present reports suitable for internal and external reporting requirements. They will also investigate emerging technologies such as Big Data, AI, Blockchain, Cloud issues, CAATs etc. Semester 8 will introduce the students to BI tools such PowerBI, Tableau and other Industry relevant tools in addition to introducing them to trends, concepts and ethics associated with BI and their impact on the sector.
Integrated Accounting Software (Surf Accounts)
Understanding and using Integrated Accounting Software to record, process and report accounting information; Sales, Purchasesand General Ledger, Bank Reconciliation, VAT, Stock Control and accounting for Payroll. Structuring a computer based GeneralLedger package for effective management reporting. The role of a Chart of Accounts (CoA); The structuring of the CoA; CodeDesign and Account structures within a nominal ledger; Best practice and procedures.
Payroll Software (Surf Payroll)
Understanding and using Payroll Software: Company set up; Adding and terminating employees; processing payroll (includingsalary, time, bonus and other elements); generating payroll reports and revenue compliant files.
Relate Accounts Production
Understanding and using Accounts Production software to import and manipulate accounting information. Performing requiredadjustments before producing a set of final statutory accounts in standard and ixbrl format, in line with accounting standards andlegislation.
Definition of Big Data & the "Vs" that define it, How Big Data impacts on analytics, Drivers of Big Data, Applications of Big Data
Define AI and machine learning, AI in the accounting profession, The future of AI, Key challenges.
Cloud Deployment models, Cloud Service Models, Security Issues
Shared ledgers, Smart Contracts, Advantages, Disadvantages, Cases Studies, Bitcoin
Modules delivered in the Data Management and Business Intelligence pillar are designed to underpin and support the accountant. The skills gained in the modules are directly applicable to their future roles in the accounting profession. In assessing the skills levels we will test the students’ abilities to apply the skills and techniques learnt to real world scenarios relevant to the accounting profession. The pillar has been developed to ensure an IT presence through each semester and each module builds on the preceding ones.
In delivery of this pillar we will use applied learning approaches to enable students have a professional level of expertise in the use and application of spreadsheet tools. The student experience in the computer laboratories will reflect, as close as possible, the range of tools, application packages and practices that they will experience in work environment. Joint assessment will be carried out in conjunction with modules from the Decision Making and Risk Analysis, Compliance (Law & Tax), Financial Accounting & Reporting and finally Economics & Finance pillars, where practical. A key tenet of the pillar is the transfer of skill sets developed in the Data Management pillar into all aspects of the student activities and study in other pillars. We will use productivity tools in support of professional communications in the work environment.
|Module Content & Assessment