501 Refocus: A move from bookkeeping to an AIS approach

TL;DRAbstract

The current 501 Accounting Practices course has a focus on double entry and the preparation of financial statements. This is carried out using both manual and computer applications across different entity types. 
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\nThe poster suggests that a501 refocus could adopt an AIS approach; such an approach identifies the requirement of the system to produce business intelligence, value added information and to ensure control processes. This business intelligence and value added information includes a wide range of reports, customer database communication, marketing and budgeting information and automation features.
\nThis AIS approach differs from the current teaching focus taken in the 501; the author is suggesting a refocus or rejuvenation of the prescription (due for review in 2012), to incorporate an AIS approach. This will help meet the growing needs of business for business intelligence collected from the accounting system.

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