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ACCT7013 - Integrated Accounting Systems

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Title:Integrated Accounting Systems
Long Title:Integrated Accounting Systems
Module Code:ACCT7013
 
Duration:1 Semester
Credits: 5
NFQ Level:Intermediate
Field of Study: Accounting, Auditing and Accountability
Valid From: Semester 1 - 2018/19 ( September 2018 )
Module Delivered in 2 programme(s)
Next Review Date: November 2020
Module Coordinator: Claire OSullivan Rochford
Module Author: Carmel Buttimer
Module Description: This module will align the theoretical accounting knowledge with the practical applications of a computerised accounting system and spreadsheets used in the workplace.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Apply theoretical double entry bookkeeping knowledge to the practical operation of an integrated accounts package
LO2 Maintain and process transactions in a computerised nominal ledger using the chart of accounts
LO3 Enter and update a variety of customer, supplier and bank records
LO4 Perform a bank reconciliation in a computerised accounting package
LO5 Utilise spreadsheets to calculate, interpret and analyse data.
Pre-requisite learning
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 CIT 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
 

Module Content & Assessment

Indicative Content
Double entry bookkeeping
Application of theoretical double entry book keeping knowledge, computerised chart of accounts
Chart of accounts and nominal ledger
Processing of nominal ledgers to include depreciation, accruals, prepayments, provision for doubtful debts and leases
Customer, supplier and bank records
Processing of customer and supplier invoices and credit notes and bank receipts and payments
Bank Reconciliation
Bank reconciliation on a computerised accounting system, reconciling to bank statement
Spreadsheets
Use of spreadsheets to sort, analyse and present data. Use of formats, formulas and content in excel for accountants such as pivot table, =if, lookup, conditional formatting, flow charts, filters, custom texts, count-if.
Assessment Breakdown%
Course Work100.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Practical/Skills Evaluation Operation of a computerised accounting system to set up and process customer, suppliers and bank records and nominal ledger transactions 1,2,3 25.0 Week 6
Practical/Skills Evaluation Using a spreadsheet to record, manipulate and analyse data. 5 15.0 Week 6
Practical/Skills Evaluation Operation of a computerised accounting system to process invoices, receipts and payments, double entry bookkeeping including accruals, prepayments, depreciation and other adjustments and recurring transactions and financing arrangements - using correct nominal codes and journals. Preparation of bank reconciliation. 1,2,3,4 45.0 Week 12
Practical/Skills Evaluation Using a spreadsheet to record, manipulate and analyse data 5 15.0 Week 12
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 institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lab Practical demonstration and lecture 3.0 Every Week 3.00
Independent & Directed Learning (Non-contact) Theory and practice 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lab Practical use of accounting package and excel 2.0 Every Week 2.00
Independent Learning Review of lab work 5.0 Every Week 5.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • Ursula Mooney 2014, Accounting Manual and Computerised, Gill & Macmillan Dublin [ISBN: 9780717159499]
  • Alan Dillon 2014, Step by Step Spreadsheets, 3rd Ed., Gill & Macmillan Ltd Dublin [ISBN: 0717160440]
Supplementary Book Resources
  • Course Manual, Repographics
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 5 Mandatory
CR_BACCT_7 Bachelor of Business in Accounting 5 Mandatory

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie