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Computer Applications in Business and Finance - Rev

The document outlines the learning outcomes and content for a unit on computer applications in business and finance. It covers topics such as different software applications, how IT is used in business, data and information systems, developing IT systems, risks of IT systems, and legal and ethical issues of IT.

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Leena Aminath
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130 views

Computer Applications in Business and Finance - Rev

The document outlines the learning outcomes and content for a unit on computer applications in business and finance. It covers topics such as different software applications, how IT is used in business, data and information systems, developing IT systems, risks of IT systems, and legal and ethical issues of IT.

Uploaded by

Leena Aminath
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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Unit Title: Computer Applications in Business Unit Code: CABF

and Finance
Level: 5 Learning Hours: 160
Learning Outcomes and Indicative Content:

Candidates will be able to:

1. Demonstrate knowledge in a variety of typical applications


software.

1.1 Compare and contrast database and spreadsheet models.


1.2 Compare and contrast real-time, on-line and transaction
processing; demonstrate an understanding of different types of
processing with regard to applications such as booking and enquiry
systems, call-centre, tele-sales, various banking applications (such
as BACS and ATMs), and retail applications such as EPOS and
EFTPOS.
1.3 Explain general business applications such as sales order
processing, stock control, accounts and payroll.

2. Demonstrate an understanding of how IT has been adopted in


business and finance.

2.1 Identify and explain how IT contributes to business efficiency and


effectiveness. Examine its role in operational, tactical and strategic
decision-making.
2.2 Discuss the cost implications and benefits of adopting various IT
solutions.
2.3 Identify the major risks associated with implementing IT solutions
and suggest ways of mitigating such risks.

3. Examine the nature of data and information and the role of


applications software.

3.1 Compare and contrast modes of processing such as batch,


interactive, transaction and real-time, and apply them to
appropriate business scenarios.
3.2 Identify and explain different methods of data capture and
demonstrate an understanding of data verification and validation.
3.3 Identify and explain the characteristics of good quality information.
3.4 Compare and contrast operational, tactical and strategic types of
information in their business settings.
3.5 Demonstrate an understanding of formal and informal information
flows and of external and internal sources of information.
3.6 Explain the meaning of different types of software such as systems,
development, applications, bespoke, specific and generic packages
and make judgements with regard to the suitability of each to
business scenarios.

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4. Demonstrate an understanding of the importance of using an
appropriate methodology in the development of IT systems.

4.1 Identify the various stages of the systems life cycle; explain in
depth each of the stages.
4.2 Identify different models of systems development such as waterfall,
V-Model, incremental model and prototyping.
4.3 Examine the importance of user support and training.
4.4 Discuss the importance of effective project management
throughout the development of a system.
4.5 Explain the importance of testing IT systems and the need for
quality standards.

5. Analyse and demonstrate an understanding of the risks around IT


systems and the management of those risks.

5.1 Discuss the physical and logical risks to IT systems.


5.2 Examine the importance of risk analysis and contingency planning.
5.3 Compare and contrast different methods of data back-up.
5.4 Make judgements with regard to the most appropriate methods of
implementing IT security within an organisation.
5.5 Identify the main features to be incorporated in an information
systems security policy.

6. Examine and make judgements with regard to the ethical, legal,


moral, social, health and safety, economic and political dimensions
involved in adopting IT systems.

6.1 Examine and demonstrate an understanding of the privacy issues


relevant to the use of IT systems in business and finance.
6.2 Examine the importance of data protection and compliance with
relevant legislation.
6.3 Discuss a variety of health and safety risks facing IT workers and
find solutions to those risks.

7. Demonstrate an understanding of spreadsheets and their


applications.

7.1 Explain the fundamental principles of spreadsheets.


7.2 Employ spreadsheets to solve problems, using techniques such as
formulas, functions, charts, tables and macros.
7.3 Compare and contrast object linking and embedding.
7.4 Demonstrate a practical understanding of the use of spreadsheets
through the creation of robust applications in Excel or an equivalent
software package.
7.5 Demonstrate the creation and amendment of macros, using, for
example, Visual Basic.
7.6 Examine the use of spreadsheets in business decision-making with
particular emphasis on forecasting.

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8. Demonstrate an understanding of e-commerce, m-commerce and
their applications.

8.1 Identify the key hardware and software components involved in


establishing web-based businesses.
8.2 Discuss the costs and benefits of trading on-line.
8.3 Identify different models of Internet business.
8.4 Examine applications of both e-commerce and m-commerce
through case studies.
8.5 Examine security issues relating to Internet businesses and the
relevant legal issues.

9. Demonstrate the ability to apply syllabus knowledge to case


studies and scenarios in order to analyse information for the
purposes of making judgements and solving problems.

Assessment Criteria:

• Assessment method: written examination


• Length of examination: three hours
• Candidates should answer four questions from a choice of eight, each
question carrying equal marks.

Recommended Reading

Laudon K, Laudon J, Management Information Systems (2007), Pearson


Education Limited
ISBN: 0132304619

Holden P, Munnelly B, ECDL 4 The Complete Coursebook for Office XP


(2003), Pearson Education Limited
ISBN: 0130399175

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