Accounting and Management Information Systems 

MAC002 Accounting Information Systems The objective of this subject is to provide students with a broad introduction to accounting information systems and the role technology plays in accounting. With many businesses becoming time-based organisations, there has been an increasing use of both Information Technology (IT) and Information Systems (IS) to gain that competitive advantage. With today’s business students required to exhibit their understanding of the applicability of IT/IS in a business environment, the focus of this subject will be to with fundamentals of Accounting Information Systems as an introductory note. This subject then progresses towards covering the nature, role and benefits of information systems in management decision-making to enable students understand the diverse role of IS in the overall decision making of the organisation. The subject begins with with fundamentals of Accounting Information Systems as an introductory note. The subject then progresses towards covering the nature, role and benefits of information systems in management decision-making. The subject comprises of seminars and tutorials to enhance the interpersonal and communication skills required in today’s dynamic industry environment. This unit also explores ethics and cyber-crimes, internal controls, business processes, and auditing of accounting information systems. Title of video: Financial Accounting and Reporting Date of release: 14th February 2022 Presenter: Emeritus Professor Greg Whateley Deputy Vice-Chancellor  

Here I have explained the Basic Concept of Management Accounting in a simple way with a practical example. Management Accounting is also known as Managerial Accounting.