ACCT6028 - Integrated Financial Systems

Module Details

Module Code: ACCT6028
Title: Integrated Financial Systems
Long Title: Integrated Financial Systems
NFQ Level: Fundamental
Valid From: Semester 1 - 2022/23 ( September 2022 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 1 programme(s)
Module Description: This module will introduce students to the operation of computerised accounting and payroll systems including the set up and processing of customer, suppliers, bank and nominal ledger transactions and payroll processing.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Explain why enterprise systems are so essential in business today.
LO2 Create accounts and enter opening balances using the Chart of Accounts.
LO3 Record transactions for sales, purchases, expenses, assets and liabilities using a computerised accounting package.
LO4 Produce, analyse and interpret financial and other reports, including the Statement of Profit and Loss and the Statement of Financial Position, using a computerised accounting package.
LO5 Process weekly/monthly payroll including preparation of payroll deductions, payslips and payroll reports using a computerised payroll system.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Enterprise Systems
Introduction to enterprise systems, the scope of common enterprise systems, the selection, acquisition and implementation of enterprise systems. Examine how common enterprise systems assist organisations in improving efficiencies.
Computerised Accounting System
Setting up a new business on the computerised accounting package. Set the financial year and date. Building customer/supplier and bank records. Creating Tax codes. Backing up data and restoring the company. Record, post and allocate business transactions and generate reports using the Customers, Suppliers, Bank and Nominal Ledger Modules in a computerised accounting package. Producing financial and other reports.
Computerised Payroll System
Create a company and set up the payroll period. Enter employees with allowances, hourly and salary payments and deductions. Process weekly and monthly employee timesheets. Calculate and enter holidays. Update employee records with P2C details. Process P45’s for new and terminating employees. Complete a P30. Payroll backup. Generate Payslips and Payroll reports from computerised payroll system. Prepare manual tax deduction cards.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Presentation % of Total Mark 20
Timing Week 5 Learning Outcomes 1
Assessment Description
Presentation, e.g. investigate the use of an enterprise system in a company of your choice.
Assessment Type Practical/Skills Evaluation % of Total Mark 80
Timing Every Second Week Learning Outcomes 2,3,4,5
Assessment Description
Fortnightly evaluation of application and
understanding of computer based work
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lab Contact Computer lab Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Independent Learning Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lab Contact Computer Lab Every Week 1.50 1.5
Independent & Directed Learning (Non-contact) Non Contact Independent Learning Every Week 5.50 5.5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Margaret D`Arcy. (2019), An Introduction To Financial Accounting, 2nd. Chartered Accountants Ireland Dublin, [ISBN: 9781912350285].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBTCO_7 Bachelor of Business in Business Technology and Communications 3 Mandatory