FACULTY OF BUSINESS AND MANAGEMENT

BAC3110 ACCOUNTING INFORMATION SYSTEMS 2

SEMESTER JULY 2023
ASSIGNMENT SUBMISSION GUIDELINE

INSTRUCTIONS TO STUDENTS

1. The group assignment consists of ONE (1) group written proposal and ONE (1) group
presentation for a total of 20 marks.

2. You will work in a group of 5 members and remain the same throughout the group written report
and group presentation of this subject.

 For a written proposal, your group needs to submit a soft copy report together with the Excel
file. The written proposal should limit to a minimum of 7 pages and a maximum of 10 pages.
You are also required to submit a soft copy of your report together with the presentation mark
sheet (Appendix A, Page 4) as the cover page. Formatting for the report:
o Font type and size: Times New Roman, 12
o Line spacing: 1.5 lines
o Alignment: Justify
o Page number: Center, bottom
o One line to be left blank after each paragraph, and no indentation at the start of each
paragraph
 For presentation, each group member has to present using slides and will be assessed
individually. The suggested number of presentation slides (contents only) ranges between 10
and 12. The group presentation lasts about 20 minutes, plus another 10 minutes for the
question and answer session. You are also required to submit a soft copy of your slides
together with the presentation mark sheet (Appendix B, Page 5) as the cover page.

3. The written proposal, Excel file and presentation slides must be submitted via eQiu by 12.00 pm,
25 Sep 2022 (Monday). Late submissions will NOT be entertained.

EVALUATION

This assignment accounts for 20% of the total marks for the course and shall be assessed based on the
Appendices attached. The group written report carries a weightage of 10%, and the group
presentation also accounts for 10%, combining a total of 20%. After the group presentation, you will
receive feedback on the assignment.

PLAGIARISM: MARKS DEDUCTION

Directly copying someone else's assignment, including content generated by AI software, is strictly
forbidden. Any instance of plagiarism will result in a score of zero (0) for the assignment.

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PROPOSAL QUESTIONS

Cici Corporation is a top accounting firm in Malaysia, renowned for its commitment to excellence and
innovation. With the increasing use of AI in the accounting sector, management is considering
incorporating AI technology into their accounting tasks. However, before making any decisions, they
wish to seek the opinions and feedback of their future accounting workforce. To gather valuable
insights, the management decides to conduct a survey using a set of questionnaires among 30
accounting students, who are potential respondents.

Required:
1) Conducting a Survey

i. Surveying the Future Workforce

Your group should reach out to 30 accounting students and request their participation in the
survey. The set of questionnaires (Appendix C, Pages 6-8) is designed to gauge the students'
perspectives on the implementation of AI technology in accounting tasks.

ii. Data Collection and Analysis

Upon receiving responses from the accounting students, the data should be carefully collected
and transferred into Excel. A descriptive analysis is then conducted to gain a comprehensive
understanding of the students' viewpoints on AI integration in accounting.

iii. Interpretation of Findings

The descriptive analysis should yield several key insights that are essential for the
management's decision-making process:

a) Mean: The average rating given by the accounting students reveals the overall sentiment
towards AI in accounting tasks. A higher mean score indicates a more favourable attitude,
while a lower score suggests a lesser inclination towards AI implementation.

b) Standard Deviation: This measures the dispersion of responses from the mean. A higher
standard deviation indicates a wider range of opinions, reflecting diverse perspectives among
the respondents.

c) Mode: The mode represents the most frequently occurring rating for each statement. It
provides valuable information about the dominant opinion among the respondents.

d) Minimum and Maximum: The minimum and maximum scores showcase the range of
responses received for each statement, highlighting the extent of agreement or disagreement.

e) Range: The range quantifies the difference between the maximum and minimum scores,
offering insights into the variability of opinions.

Write a report to explain your interpretation of the findings.

2) Having received positive feedback on the interpretation of the findings, the management has made
the decision to integrate an AI system for handling various accounting tasks, encompassing
financial reporting, auditing and tax accounting. As an advisory step, your group needs to outline
the stages of the Systems Development Life Cycle (SDLC) to guide the development process of the
new AI system. Therefore, your group needs to prepare a report to provide insights into each stage
of the SDLC, enabling the management to make informed decisions and efficiently manage the
development process to achieve their desired outcomes.

2
To answer the questions above, students should read and understand some relevant academic journal
articles, professional (CIMA & ACCA) literature and other sources such as The Economist, Financial
Times, Harvard Business Review, Bloomberg Business and Fortune or any good quality
newspapers/magazines, and use them to support the answers. Having said that, students must use
several sources within their work that they can find throughout their research on the Internet, and
failure to do so will strictly reduce their marks.

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 Appendix A

FACULTY OF BUSINESS AND MANAGEMENT

BAC3110 ACCOUNTING INFORMATION SYSTEMS 2
SEMESTER JULY 2023
WRITTEN PROPOSAL RUBRICS

Program: Student Name Student ID

BAC 1.LIEW WAI KIT QIUP-202107-004842
2.ALVIN DING CHE ANG QIUP-202107-004849
Submission Date: 3.MAN KAH YEN QIUP-202107-004911
4.CHONG CHUN KIT QIUP-202107-004907

5.TEH KAMYONG QIUP-202107-004857

No Items Poor Satisfactory Excellent Marks
1 Interpretation of Findings 0 4 8 12 16 20 24 28 32 36 40
(Improper or none) (Clear interpretation (Clear and critical
but lack critical discussion on each result
discussion) in the interpretation)

2 SDLC Report 0 4 8 12 16 20 24 28 32 36 40
(Improper or none) Reasonable (Critical and detailed
discussion with some discussion with proper
support of evidence) evidence used)

3 Excel File 0 2 4 6 8 10
(Improper or none) (Some calculations (All calculations are
are correct/ complete) correct/ complete)

4 Mechanics and APA 0 1 2 3 4 5 6 7 8 9 10

referencing (10%) (Many (Some (No spelling/grammar
spelling/grammar spelling/grammar errors & perfect standard
errors & no APA errors & proper compliance to APA)
referencing) standard compliance
to APA)

Comments:

Total marks (100%)

(The overall marks will be
converted to 10%)

Appendix B

FACULTY OF BUSINESS AND MANAGEMENT

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 BAC3110 ACCOUNTING INFORMATION SYSTEMS 2
SEMESTER JULY 2023
GROUP PRESENTATION RUBRICS

Program: Student Name Student ID

BAC 1.LIEW WAI KIT QIUP-202107-004842
2.ALVIN DING CHE ANG QIUP-202107-004849
3.MAN KAH YEN QIUP-202107-004911
Submission Date:
4.CHONG CHUN KIT QIUP-202107-004907

5.TEH KAMYONG QIUP-202107-004857

No Items & Marks 1 2 3 4 5
1 81-100 Marks (Excellent)
 Student demonstrates full knowledge by answering all class questions with explanations and
elaboration
 Student presents information in a logical, interesting sequence that which audience can follow
 Demonstrates a strong, positive feeling about the topic during the entire presentation
 Student uses a clear voice and correct, precise pronunciation of terms so that all audience members can
hear the presentation
2 61-80 Marks (Very Good)
 Student is at ease with expected answers to all questions, without elaboration
 Student presents information in logical sequence which the audience can follow
 Occasionally shows positive feelings about the topic
 Student’s voice is clear. The student pronounces most words correctly. Most audience members can
hear the presentation
3 41-60 Marks (Good)
 Student is uncomfortable with information and can answer only rudimentary questions
 Audience has difficulty following the presentation because the student jumps around
 Shows some negativity toward the topic presented
 Student’s voice is low. The student incorrectly pronounces terms. Audience members have difficulty
hearing the presentation
4 21-40 Marks (Limited)
 Student has grasped some of the information; the student cannot answer questions related to the subject
 Audience cannot understand well to presentation because there is a lack of sequence of information
 Shows little interest in the topic presented
 Student’s voice is too low, incorrectly pronounces terms, and speaks quietly causing audience members
to have difficulty hearing the presentation

5 1-20 Mark (Poor)

 Student does not have a grasp of information; the student cannot answer questions about the subject
 Audience cannot understand the presentation because there is no sequence of information
 Shows absolutely no interest in the topic presented
 Student mumbles, incorrectly pronounces terms and speaks too quietly for a majority of students to
hear

6 0 Mark
 No presentation.

Comments: Overall marks

(100%)
(The overall
marks will be
converted to
10%)

Appendix C

Section A
Please select only ONE (1) option for each question.

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1. Gender
Male
Female

2. Age
20 - 30 years
31 - 40 years
41 - 50 years
51 - 60 years
61 and above

3. Race
Malay
Chinese
Indian
Others

4. What is the highest level of education you intend to achieve?

Ph.D
Master's degree
Bachelor's degree
Diploma
Secondary Education
Other

5. Which area of Accounting are you planning to pursue for your career?
Financial Accounting/Reporting
Internal Auditing
External Auditing
Management Accounting
Tax Accounting
Advisory/Consulting
Other

6. Will you consider becoming a Chartered Accountant?

Yes
No
Currently studying to become a chartered accountant

7. Which of the following professional body are you considering becoming a member/student of?
MICPA
ICIA
ACCA
CIMA
ICAEW
ICAA/ CPA
Other
N/A

8. Are you aware of the existing use of AI in the surrounding Accounting Profession?
Yes
No

9. How did you become aware of this (awareness about AI in the accounting field)?
From the media (E.g. TV, Radio, etc.)
Social media

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 I was taught in school/college/university
From my personal readings
Publications from my professional body
Artificial Intelligence is currently being used at my place/home/office
Other
N/A

10. Which of the following potential applications of AI do you think would be MOST useful to
Accountants?
Fraud Detection
Forecasting Revenue, cash flows, etc
Analysis of large volumes of structured and unstructured data
Automation of repetitive tasks
Identifying and extracting relevant information from documents
Interacting with clients
Other

11. Which of the following skills do you consider most important for accountants today?
Technological Literacy
Business advisory skills
Communication skills
Relationship Building
Interpretation of Financial Information
Other

Section B
Please use a scale of 1 to 5 to indicate your level of agreement with the following items (1: Strongly Disagree; 5:
Strongly Agree). Each item represents a commonly held opinion. Circle ONE (1) most appropriate answer for
each statement.

1 2 3 4 5
Strongly Disagree (D) Neutral (N) Agree (A) Strongly Agree
Disagree (SD) (SA)

No. Item SD D N A SA
12 AI has useful applications in Accounting 1 2 3 4 5

13 AI capabilities are superior than the capabilities of human 1 2 3 4 5

accountants

14 AI will improve the way accountants carry out their work 1 2 3 4 5

15 AI will reduce the time accountants spend on repetitive 1 2 3 4 5

tasks

16 AI will allow accountants to focus on more strategic roles 1 2 3 4 5

(e.g. planning and analysing) in the workplace

17 The use of AI in accounting will lead to the emergence of 1 2 3 4 5

new roles in the accounting profession

18 Accountants would need to develop new skills to adapt to 1 2 3 4 5

new AI trends

19 Accounting curriculums in universities should include 1 2 3 4 5

appropriate IT skills

20 Accounting curriculums in universities should focus more 1 2 3 4 5

on the consulting and strategic areas of accounting and not
just technical accounting knowledge

21 Human Accountants will be replaced by AI in the 1 2 3 4 5

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 foreseeable future

22 I am worried that AI could replace me in my job 1 2 3 4 5

23 I support the development of AI in Accounting 1 2 3 4 5

24 I am excited about the changes that AI will bring to the 1 2 3 4 5

accounting profession

25 I am adequately prepared to work alongside AI 1 2 3 4 5