FE5055 - Information Technology for Professional Practice (2023/24)
|Module specification||Module approved to run in 2023/24|
|Module title||Information Technology for Professional Practice|
|Module level||Intermediate (05)|
|Credit rating for module||15|
|School||Guildhall School of Business and Law|
|Total study hours||150|
|Running in 2023/24(Please note that module timeslots are subject to change)||No instances running in the year|
This module enables students to evaluate the main issues surrounding the development and utilisation of information systems for professional practice in areas such as accounting, banking, finance and economics. It focuses on the deployment and use of contemporary industry standard technology and critical internet related tools and techniques to satisfy organisational goals within the accounting, banking, finance and economics sectors.
• Business information requirements and the different types of information systems used for strategic planning, management control, operational control and decision-making. LO1
• The main characteristics of transaction processing systems; management information systems; executive information systems; and enterprise resource planning systems. LO1
• The merits of, and potential problems with, open and closed systems with regard to the needs of performance management. LO1
• Performance management information systems and the reputations of corporations and institutions created, sustained, enhanced, destroyed and rehabilitated. LO1
• Databases and associated applications: data-warehouse, data-marts, on-line analytical processing (OLAP) and Business Intelligence Systems;
Personal office productivity software; LO2
• Decision support systems, Expert systems; Knowledge Management Systems; Corporate reputation management. LO3
Communication channels and media (Social Networking); Network technologies – Thin Client, Thick Client; LO3
E-commerce - models/strategy/legal framework, e.g. B2B, B2C, C2C, C2g,B2G, Electronic Commerce Regulations, E-commerce/m-commerce in financial services;
Systems Development and the Systems Development Life Cycle (SDLC);
Security and IT risks; Legal issues: Data Protection Act, Computer Misuse Act, Regulation of Investigatory Powers Act, Electronic Communications Act LO3
Balance of independent study and scheduled teaching activity
The module will be delivered through 3 hours workshops in computer-based room.
There will be one three-hour workshop per week supported by directed reading.
The teaching in the tutorial workshop will be conducted with a constructivist approach whereby students will be expected to complete tasks. They will engage in practical on-screen exercises using industry standard software applications such as the Excel spreadsheet and the Access database
A variety of teaching tools will be used including presentations, group discussion and various web applications.
The students will gain direct hands on skills in the computer workshop.
With respect to current QAA benchmarks for Finance, Economics and Accounting:
1) The student will understand how computerised’ financial systems are designed and operated;
2) The student will make extensive use of software and their pertinent functions;
3) The student will make use of a range of appropriate software applications including database technology, spreadsheets and other Internet/communication technology;
On successful completion of the module students will be able:
1) to assess information requirements for professional practice in areas such as accounting, banking, finance and economics, and illustrate the different types of information systems used for strategic planning, management control, operational control and decision-making.
2) to recognise and analyse the ways in which new technology can be used to satisfy the objectives of organisations operating in the accounting, banking, finance and economics sectors.
3) to evaluate the potential risks that new technology can inflict on the organisation and how such technology can be used to protect the organisation and facilitate corporate reputation management.
The assessment for this module will be as under.
Summative and formative assessment will take place through an individual case scenario assignment presentation to be held in weeks 8 and/or 9:
Assessment 1: Individual presentation on the basis of Case Study
Assessment 2: Summative assessment will take place at the end of the semester with a 60 minute in class test.
• Romney, M. B. and Steinbart, P. J. (2018) Accounting Information Systems, Global Edition, Pearson ISBN-10: 1292220082 • ISBN-13: 9781292220086
• Stair, R. M. & Reynolds, G. W., (2015) Principles of Business Information Systems, 2nd Edition, Cengage
• Gronwhald, K-D (2017) Integrated Business Information Systems, Springer
• Hurt, R., (2016) Accounting Information Systems, Basic Concepts and Current Issues, McGraw-Hill Irwin, 4th Edition
• IBM Academic Initiative: https://www.ibm.com/developerworks/university/academicinitiative/
• CNET: http://www.cnet.co.uk/
• FT Tech Hub: http://blogs.ft.com/fttechhub/#axzz1V7JOC9HF
• Reuters Technology News: http://uk.reuters.com/news/technology
• Oracle: http://www.oracle.com/index.html
• PCMAG : http://www.pcmag.com/
• Journal of information systems
• The Accounting review
• Issues in accounting Education
• Science Direct
• FAME (UK Companies)
• Education Research Complete