IS4821 Information Systems for Finance

Part I

Course Duration: One Semester

Credit Units: 3

Level: B4

Medium of Instruction: English

Prerequisites: FB2500 Management Information Systems I and FB2501 Management Information System II, or equivalent

Precursors: Nil

Equivalent Courses: Nil

Exclusive Courses: Nil

Part II      

Course Aims

This course aims to:

  • Provide an introduction into business information systems that focus on quantitative, and especially, financial applications.

Course Intended Learning Outcomes (CILOs)
Upon successful completion of this course, students should be able to:

No.

CILOs

Weighting (if applicable)

1.

Explain the concept of information systems for finance.

1

2.

Explain how information systems for finance can contribute to managerial effectiveness and transaction processing efficiency.

2

3.

Explain the components of information systems for finance, as well as types of information systems and their relationship to the information systems of other business functions.

3

4.

Apply the basics of the analysis and design effort, and techniques required to create information systems for finance.

2

(3: Relatively most focused ILOs; 2: moderately focused ILOs; 1: less focused ILOs)

Teaching and learning Activities (TLAs)
(Indicative of likely activities and tasks designed to facilitate students’ achievement of the CILOs. Final details will be provided to students in their first week of attendance in this course)

TLA1 Lecture:

Concepts and applications of information systems for finance are explained by instructor using real life examples, together with in-class discussions and activities by students.

TLA2 Laboratory:

Demonstrations by instructor and hands-on exercises by students on solving problems in finance using Microsoft Excel.

TLA3 Group Project:

Students investigate a real life application of information systems in finance.

ILO No

TLA1

TLA2

TLA3

Hours/week (if applicable)

CILO 1

2

   1

     2

---

CILO 2

2

   2

     2

---

CILO 3

2

1

 2

---

CILO 4

2

 

1

---

 (1: Indirectly Supporting ILO; 2: Directly Supporting ILO)

Assessment Tasks/Activities
(Indicative of likely activities and tasks designed to assess how well the students achieve the CILOs. Final details will be provided to students in their first week of attendance in this course)

Coursework

AT1 Class Participation (10%): Students are encouraged to discuss and reflect on the materials covered in the lecture and attempt the laboratory exercises.

AT2 Individual Assignments (20%): Assignments will be given to assess student's competence level of the skills taught in the laboratory sessions.

AT3 Group Project (35%): A group project, which includes a written report and an oral presentation, will be assigned to students to investigate a real-life application of information systems in finance and apply the concepts learned in the course.

Examination

AT4 Final Examination (35%): A written examination is given to assess students' competence level of the subjects covered in the course.

** Student must pass BOTH coursework (AT1-AT4) and examination (AT5) in order to get an overall pass of this course. **

ILO No

AT1: (10%)

AT2: (20%)

AT3: (35%)

AT4: (35%)

Remark

CILO 1

1

1

2

2

1 - ILO moderately assessed by AT;
2 - ILO heavily assessed by AT.

CILO 2

1

1

2

2

CILO 3

1

1

2

2

CILO 4

1

1

1

2

        (1: ILO moderately assessed by AT; 2: ILO heavily assessed by AT)

Grading of Student Achievement: Refer to Grading of Courses in the Academic Regulations

ILO

Excellent

Good

Adequate

Marginal

CILO1

Apply the concepts of information systems for finance to a wide variety of business applications creatively.

Apply the concepts of information systems for finance to similar business applications.

Understand the concepts of information systems for finance well.

Understand the major concepts of information systems for finance sufficiently.

CILO2

Understand and identify how information systems for finance can contribute to managerial effectiveness and transaction processing efficiency in a wide variety of business applications.

Understand and identify how information systems for finance can contribute to managerial effectiveness and transaction processing efficiency in similar business applications

Understand how information systems for finance can contribute to managerial effectiveness and transaction processing efficiency in business applications covered in the course.

Understand how information systems for finance can contribute to managerial effectiveness and transaction processing efficiency in most business applications covered in the course.

CILO3

Recognize and understand the components of information systems for finance, as well as types of information systems and their relationship to the information systems of other business functions efficiency in a wide variety of business applications.

Recognize and understand the components of information systems for finance, as well as types of information systems and their relationship to the information systems of other business functions efficiency in similar business applications.

Recognize and understand the components of information systems for finance, as well as types of information systems and their relationship to the information systems of other business functions efficiency in business applications covered in the course.

Recognize and understand the components of information systems for finance, as well as types of information systems and their relationship to the information systems of other business functions efficiency in most business applications covered in the course.

CILO4

Understand the basics of the analysis and design effort, and apply techniques required to build such systems creatively.

Understand the basics of the analysis and design effort, and apply techniques required to build such systems sufficiently.

Understand fully the basics of the analysis and design effort, and techniques required to build such systems.

Understand fairly the basics of the analysis and design effort, and techniques required to build such systems.

Part III     

Keyword Syllabus

  • Conceptual foundations. Overview. Definition of information systems for finance and its basic functions. Importance of information systems for finance. Roles of information systems for finance in a company's value chain. Value added by information systems for finance.
  • Applications of information systems for finance. Overview of Financial Business Processes. Basic functions performed by information systems for finance. Documents and procedures used in information systems to collect and process transaction data. Types of information systems for finance.
  • Relational database. Transaction processing system. Business intelligence system. Management planning and control system. Budgeting system. Cash management system.
  • Integration. Relationship between information systems for finance and other business functional information systems. Data sharing.
  • Development considerations of information systems for finance. Business requirements analysis for information systems for finance. Identifying transaction flows. Identifying quantitative relationships. Identifying business rules. Development of system specifications.

Related Links
Department of Information Systems