This document discusses chapter 2 of the textbook "Accounting Information Systems, 8e" by James A. Hall. The chapter introduces transaction processing and accounting information systems. It describes the three transaction cycles of expenditures, conversion, and revenues. It also discusses the traditional accounting records used in transaction processing systems and how they relate to their digital equivalents. The chapter covers documentation techniques for accounting information systems like entity relationship diagrams and data flow diagrams. It contrasts batch and real-time transaction processing and their impacts on accounting systems.
The document provides objectives and content for Chapter 4 of the textbook "Accounting Information Systems, 6th edition". It covers the revenue cycle, including key processes like sales orders, billing, cash receipts, and collections. It describes the flow of transactions, necessary documents and journals, risks and controls at each step. It also discusses how technology can automate or reengineer the revenue cycle through systems like real-time processing, EDI, point-of-sale, and the implications for internal controls in computer-based environments.
This document outlines objectives and procedures for manual and computerized payroll and fixed asset accounting systems. For payroll, it describes processing steps from timekeeping and payroll preparation to general ledger posting. Key controls are transaction authorization, segregation of duties, and independent verification. For fixed assets, it outlines the asset lifecycle from acquisition to disposal and depreciation calculation. Computerized systems automate many tasks but still require authorization and verification controls.
The document provides objectives and content for Chapter 4 of the textbook "Accounting Information Systems, 6th edition". It covers the revenue cycle, including key processes like sales orders, billing, cash receipts, and collections. It describes the flow of transactions, necessary documents and journals, risks and controls at each step. It also discusses how technology can automate or reengineer the revenue cycle through systems like real-time processing, EDI, point-of-sale, and the implications for internal controls.
This document discusses ethics, fraud, and internal controls in accounting information systems. It covers business ethics and computer ethics issues. Regarding fraud, it defines legal fraud and discusses the fraud triangle of pressure, opportunity, and ethics. It describes different types of fraud like fraudulent statements, corruption, and asset misappropriation. The document also discusses internal controls and the COSO framework, which identifies five components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring. Finally, it describes different types of physical and IT controls.
This document provides objectives and content for Chapter 3 of an accounting information systems textbook. It covers broad topics like business ethics, fraud, and internal controls. Regarding business ethics, it discusses how managers determine right conduct and achieve ethical goals. It defines fraud and common schemes, and internal controls aim to safeguard assets, ensure accurate records, promote efficiency, and ensure compliance. The Sarbanes-Oxley Act addressed auditor independence, corporate governance, and disclosure in response to scandals.
Chapter 1 - The Information System: An Accountant's Perspectiveermin08
This chapter discusses accounting information systems from an accountant's perspective. It defines key terms like transactions, accounting information systems, and management information systems. It describes the general model for information systems, including data sources, transforming data into information through collection, processing, management and generation. It also outlines the organizational structure of businesses and accounting's unique roles, including participating in systems design and performing external financial audits, internal audits, and fraud audits.
The document discusses traditional batch production processes and cost accounting systems, as well as lean manufacturing principles. Specifically, it describes:
1) The key elements and procedures of traditional batch production, including production planning and control, inventory control, and cost accounting.
2) How lean manufacturing aims to minimize waste and inventory through principles like pull processing and perfect quality.
3) How world-class companies pursue continuous improvements and often adopt lean manufacturing models using advanced technologies and accounting methods.
The document discusses payroll processing and controls. It describes the key departments and documents involved in a conceptual payroll system, including personnel, timekeeping, cost accounting, payroll processing, accounts payable, and cash disbursements. It outlines physical controls over payroll like transaction authorization, segregation of duties, accounting records, and access controls. It also discusses IT controls for payroll systems including edit checks, passwords, backup procedures, and controls over input, processing, and output of payroll data. Finally, it briefly describes more advanced integrated payroll and human resources systems and modern timekeeping technologies.
The document provides objectives and content for Chapter 4 of the textbook "Accounting Information Systems, 6th edition". It covers the revenue cycle, including key processes like sales orders, billing, cash receipts, and collections. It describes the flow of transactions, necessary documents and journals, risks and controls at each step. It also discusses how technology can automate or reengineer the revenue cycle through systems like real-time processing, EDI, point-of-sale, and the implications for internal controls in computer-based environments.
This document outlines objectives and procedures for manual and computerized payroll and fixed asset accounting systems. For payroll, it describes processing steps from timekeeping and payroll preparation to general ledger posting. Key controls are transaction authorization, segregation of duties, and independent verification. For fixed assets, it outlines the asset lifecycle from acquisition to disposal and depreciation calculation. Computerized systems automate many tasks but still require authorization and verification controls.
The document provides objectives and content for Chapter 4 of the textbook "Accounting Information Systems, 6th edition". It covers the revenue cycle, including key processes like sales orders, billing, cash receipts, and collections. It describes the flow of transactions, necessary documents and journals, risks and controls at each step. It also discusses how technology can automate or reengineer the revenue cycle through systems like real-time processing, EDI, point-of-sale, and the implications for internal controls.
This document discusses ethics, fraud, and internal controls in accounting information systems. It covers business ethics and computer ethics issues. Regarding fraud, it defines legal fraud and discusses the fraud triangle of pressure, opportunity, and ethics. It describes different types of fraud like fraudulent statements, corruption, and asset misappropriation. The document also discusses internal controls and the COSO framework, which identifies five components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring. Finally, it describes different types of physical and IT controls.
This document provides objectives and content for Chapter 3 of an accounting information systems textbook. It covers broad topics like business ethics, fraud, and internal controls. Regarding business ethics, it discusses how managers determine right conduct and achieve ethical goals. It defines fraud and common schemes, and internal controls aim to safeguard assets, ensure accurate records, promote efficiency, and ensure compliance. The Sarbanes-Oxley Act addressed auditor independence, corporate governance, and disclosure in response to scandals.
Chapter 1 - The Information System: An Accountant's Perspectiveermin08
This chapter discusses accounting information systems from an accountant's perspective. It defines key terms like transactions, accounting information systems, and management information systems. It describes the general model for information systems, including data sources, transforming data into information through collection, processing, management and generation. It also outlines the organizational structure of businesses and accounting's unique roles, including participating in systems design and performing external financial audits, internal audits, and fraud audits.
The document discusses traditional batch production processes and cost accounting systems, as well as lean manufacturing principles. Specifically, it describes:
1) The key elements and procedures of traditional batch production, including production planning and control, inventory control, and cost accounting.
2) How lean manufacturing aims to minimize waste and inventory through principles like pull processing and perfect quality.
3) How world-class companies pursue continuous improvements and often adopt lean manufacturing models using advanced technologies and accounting methods.
The document discusses payroll processing and controls. It describes the key departments and documents involved in a conceptual payroll system, including personnel, timekeeping, cost accounting, payroll processing, accounts payable, and cash disbursements. It outlines physical controls over payroll like transaction authorization, segregation of duties, accounting records, and access controls. It also discusses IT controls for payroll systems including edit checks, passwords, backup procedures, and controls over input, processing, and output of payroll data. Finally, it briefly describes more advanced integrated payroll and human resources systems and modern timekeeping technologies.
The document provides an overview of key concepts in accounting information systems, including:
1) Internal and external information flows in a business and how information needs vary by user/level.
2) The definition of an accounting information system and how it differs from a management information system.
3) The general model for an accounting information system including data sources, transformation of data into information, and distribution of information to users.
4) The roles of accountants in an information system as users, designers, and auditors.
This document outlines the objectives and key concepts discussed in Chapter 2 of the textbook "Accounting Information Systems, 6th edition". It discusses the three transaction cycles of expenditures, conversions, and revenues. It describes the traditional manual accounting records and their computer-based equivalents. It also explains documentation techniques for computerized accounting systems such as entity relationship diagrams, data flow diagrams, document flowcharts, system flowcharts, and program flowcharts. Finally, it compares batch processing versus real-time processing approaches.
The document describes the expenditure cycle process for purchases and cash disbursements. It discusses the conceptual and physical expenditure cycles, including the key processes, documents, and flows of information. It also summarizes the internal controls for basic technology systems and advanced technology systems, noting how automation and integration of systems impact controls. Finally, it discusses reengineering the process using electronic data interchange and the associated control risks.
Introduction to Transaction Processing Chapter No. 2Qamar Farooq
The document outlines the objectives and key concepts of transaction cycles and accounting information systems. It discusses the three transaction cycles - expenditure, conversion, and revenue - and the basic accounting records used in traditional and computer-based systems, including source documents, journals, ledgers, and documentation techniques like entity relationship diagrams and flowcharts. It also explains the differences between batch processing and real-time systems.
The document discusses the conversion cycle in traditional batch production systems and lean manufacturing systems. In traditional systems, the conversion cycle transforms inputs into finished goods through physical production and cost accounting subsystems. It involves planning production, performing operations, inventory control, and cost accounting. Lean systems aim to minimize waste and inventory using just-in-time production principles and technology like automation and advanced information systems.
The presentation is part of a lecture series on Management Information Systems. It is an overview of the General Ledger and Financial Reporting System (GLFRS) as part of the Accounting Information system (AIS). It also covers an assessment of the role of accounting software and Extensible Business Reporting Language (XBRL).
DOI: http://dx.doi.org/10.13140/RG.2.2.22328.47369
Updated at: https://www.researchgate.net/publication/353851801_General_Ledger_and_Financial_Reporting_System_GLFRS
Lecture 21 expenditure cycle part i - accounting information systesm james ...Habib Ullah Qamar
the expenditure cycle, the physical phase, financial phase, the purchases system, the cash disbursement system, conceptual revenue cycle, manual revenue cycle and computer based accounting information systems
The document outlines objectives and processes for purchases and cash disbursement systems. It describes manual systems including document flows, roles, and controls. It then discusses how computer-based accounting systems automate tasks and impact segregation of duties, authorization, records, and verification controls. Automation can consolidate tasks but requires greater supervision, access controls, and verification of computer programs and data.
This document outlines the objectives and key concepts around coding schemes, general ledger systems, financial reporting systems, and management reporting systems from Accounting Information Systems, 6th edition by James A. Hall. It discusses various types of coding schemes (sequential, block, group, alphabetic, mnemonic), the functions and components of a general ledger system, controls over the general ledger/financial reporting system, and factors that influence the design of management reporting systems such as management principles, functions/levels/decision types, problem structure, types of reports, responsibility accounting, and behavioral considerations.
Here are the answers to the practice questions:
1. The three transaction cycles that exist in all businesses are:
- Expenditure cycle
- Conversion cycle
- Revenue cycle
2. The major subsystems of the expenditure cycle are:
- Purchases/accounts payable system
- Cash disbursements system
- Payroll system
- Fixed asset system
3. The physical component of the expenditure cycle is the acquisition of goods or services. The financial component is the cash disbursement to the supplier, which occurs at a later point after the physical receipt of goods/services.
4. A general journal is used to record non-recurring or infrequent transactions. Journal vouchers
Ethics fraud & internal control ppt @ dom sBabasab Patil
The document provides an overview of accounting information systems, ethics, fraud, and internal controls. It discusses business ethics and areas like computer ethics. It defines legal fraud and common fraud schemes. It also outlines the key components of the SAS 78/COSO internal control framework, including control environment, risk assessment, information and communication, monitoring, and control activities.
The document discusses Enterprise Resource Planning (ERP) systems. It defines ERP systems as multi-module software that helps manage important business functions in an integrated way. The document outlines the objectives of the chapter, problems with traditional non-ERP systems, components of ERP systems including core applications and business analysis applications, ERP system configurations, data warehouses, and the data warehouse process.
This document discusses fraud and error in an audit of financial statements. It defines fraud and its characteristics, describing fraudulent financial reporting and misappropriation of assets. It outlines risk factors for fraud related to misstatements in financial reporting and asset misappropriation. It discusses the auditor's responsibility to consider fraud, including assessing risks of material misstatement due to fraud and designing audit procedures to detect such misstatements. It also describes reporting and documentation requirements when fraud or errors are suspected.
This document provides an overview of Chapter 4 from the textbook "Accounting Information Systems, 8e" by James A. Hall. The chapter discusses the revenue cycle, including the conceptual revenue cycle processes of sales order processing, sales returns, and cash receipts. It then describes the physical revenue cycle for basic and advanced technology systems. For basic systems, the revenue cycle processes are described step-by-step and controls are outlined. For advanced systems, integrated processes and additional IT controls are discussed.
The document discusses the key stages in the Systems Development Life Cycle (SDLC), including systems strategy, project initiation, development, and maintenance. It describes the objectives of each stage, such as assessing business needs during systems strategy and conducting feasibility studies and cost-benefit analysis during project initiation. Accountants play an important role by ensuring economic feasibility analysis, accurate cost reporting, and that systems have appropriate controls.
Audit of the acquisition and payment cyclesellyhood
The document discusses the acquisition and payment cycle. It covers the key accounts and transactions in the cycle including acquisitions of goods and services, cash disbursements, and purchase returns and allowances. The document also describes the related business functions like processing purchase orders and cash disbursements. It discusses how e-commerce has impacted the cycle through electronic data interchange and business-to-business transactions over the internet. Finally, it outlines the audit procedures for the cycle including understanding internal controls, assessing risks, and designing tests of transactions and account balances like accounts payable.
This document outlines the objectives and key topics to be covered in Chapter 15 of the textbook "Accounting Information Systems, 6th edition". It will discuss the key provisions of Sections 302 and 404 of the Sarbanes-Oxley Act, including management responsibilities for internal controls over financial reporting. It will also cover IT controls related to financial reporting, risks of incompatible functions in IT organizational structures, controls over computer facilities, and elements of an effective disaster recovery plan.
This document provides an overview of Chapter 2 from the textbook "Accounting Information Systems, 8e" by James A. Hall. It discusses transaction processing and the three transaction cycles: expenditure, conversion, and revenue. It describes the objectives and types of transactions for each cycle. It also explains the traditional accounting records like source documents, product documents, journals, and ledgers. Additionally, it covers how transaction processing works in manual and computer-based accounting systems, including the audit trail and documentation techniques like entity relationship diagrams and data flow diagrams.
This document provides an overview of Chapter 4 from the textbook "Accounting Information Systems, 8e" by James A. Hall. The chapter discusses the revenue cycle, including the conceptual revenue cycle processes of sales order processing, sales returns, and cash receipts. It then describes the physical revenue cycle for basic and advanced technology systems. For basic systems, the revenue cycle processes are described step-by-step and controls are outlined. For advanced systems, integrated processes and additional IT controls are discussed.
This chapter discusses financial reporting and management reporting systems. It describes the general ledger system which collects transaction data, classifies accounts, validates transactions, processes data by posting to accounts and generating reports. The chapter outlines the relationship between the general ledger system and other subsystems, the components of the general ledger database, and the financial reporting process. It also discusses management reporting systems, risks associated with the general and financial reporting systems, and controls to address those risks. Finally, it provides an overview of XBRL, a language used to standardize financial reporting.
The document provides an overview of key concepts in accounting information systems, including:
1) Internal and external information flows in a business and how information needs vary by user/level.
2) The definition of an accounting information system and how it differs from a management information system.
3) The general model for an accounting information system including data sources, transformation of data into information, and distribution of information to users.
4) The roles of accountants in an information system as users, designers, and auditors.
This document outlines the objectives and key concepts discussed in Chapter 2 of the textbook "Accounting Information Systems, 6th edition". It discusses the three transaction cycles of expenditures, conversions, and revenues. It describes the traditional manual accounting records and their computer-based equivalents. It also explains documentation techniques for computerized accounting systems such as entity relationship diagrams, data flow diagrams, document flowcharts, system flowcharts, and program flowcharts. Finally, it compares batch processing versus real-time processing approaches.
The document describes the expenditure cycle process for purchases and cash disbursements. It discusses the conceptual and physical expenditure cycles, including the key processes, documents, and flows of information. It also summarizes the internal controls for basic technology systems and advanced technology systems, noting how automation and integration of systems impact controls. Finally, it discusses reengineering the process using electronic data interchange and the associated control risks.
Introduction to Transaction Processing Chapter No. 2Qamar Farooq
The document outlines the objectives and key concepts of transaction cycles and accounting information systems. It discusses the three transaction cycles - expenditure, conversion, and revenue - and the basic accounting records used in traditional and computer-based systems, including source documents, journals, ledgers, and documentation techniques like entity relationship diagrams and flowcharts. It also explains the differences between batch processing and real-time systems.
The document discusses the conversion cycle in traditional batch production systems and lean manufacturing systems. In traditional systems, the conversion cycle transforms inputs into finished goods through physical production and cost accounting subsystems. It involves planning production, performing operations, inventory control, and cost accounting. Lean systems aim to minimize waste and inventory using just-in-time production principles and technology like automation and advanced information systems.
The presentation is part of a lecture series on Management Information Systems. It is an overview of the General Ledger and Financial Reporting System (GLFRS) as part of the Accounting Information system (AIS). It also covers an assessment of the role of accounting software and Extensible Business Reporting Language (XBRL).
DOI: http://dx.doi.org/10.13140/RG.2.2.22328.47369
Updated at: https://www.researchgate.net/publication/353851801_General_Ledger_and_Financial_Reporting_System_GLFRS
Lecture 21 expenditure cycle part i - accounting information systesm james ...Habib Ullah Qamar
the expenditure cycle, the physical phase, financial phase, the purchases system, the cash disbursement system, conceptual revenue cycle, manual revenue cycle and computer based accounting information systems
The document outlines objectives and processes for purchases and cash disbursement systems. It describes manual systems including document flows, roles, and controls. It then discusses how computer-based accounting systems automate tasks and impact segregation of duties, authorization, records, and verification controls. Automation can consolidate tasks but requires greater supervision, access controls, and verification of computer programs and data.
This document outlines the objectives and key concepts around coding schemes, general ledger systems, financial reporting systems, and management reporting systems from Accounting Information Systems, 6th edition by James A. Hall. It discusses various types of coding schemes (sequential, block, group, alphabetic, mnemonic), the functions and components of a general ledger system, controls over the general ledger/financial reporting system, and factors that influence the design of management reporting systems such as management principles, functions/levels/decision types, problem structure, types of reports, responsibility accounting, and behavioral considerations.
Here are the answers to the practice questions:
1. The three transaction cycles that exist in all businesses are:
- Expenditure cycle
- Conversion cycle
- Revenue cycle
2. The major subsystems of the expenditure cycle are:
- Purchases/accounts payable system
- Cash disbursements system
- Payroll system
- Fixed asset system
3. The physical component of the expenditure cycle is the acquisition of goods or services. The financial component is the cash disbursement to the supplier, which occurs at a later point after the physical receipt of goods/services.
4. A general journal is used to record non-recurring or infrequent transactions. Journal vouchers
Ethics fraud & internal control ppt @ dom sBabasab Patil
The document provides an overview of accounting information systems, ethics, fraud, and internal controls. It discusses business ethics and areas like computer ethics. It defines legal fraud and common fraud schemes. It also outlines the key components of the SAS 78/COSO internal control framework, including control environment, risk assessment, information and communication, monitoring, and control activities.
The document discusses Enterprise Resource Planning (ERP) systems. It defines ERP systems as multi-module software that helps manage important business functions in an integrated way. The document outlines the objectives of the chapter, problems with traditional non-ERP systems, components of ERP systems including core applications and business analysis applications, ERP system configurations, data warehouses, and the data warehouse process.
This document discusses fraud and error in an audit of financial statements. It defines fraud and its characteristics, describing fraudulent financial reporting and misappropriation of assets. It outlines risk factors for fraud related to misstatements in financial reporting and asset misappropriation. It discusses the auditor's responsibility to consider fraud, including assessing risks of material misstatement due to fraud and designing audit procedures to detect such misstatements. It also describes reporting and documentation requirements when fraud or errors are suspected.
This document provides an overview of Chapter 4 from the textbook "Accounting Information Systems, 8e" by James A. Hall. The chapter discusses the revenue cycle, including the conceptual revenue cycle processes of sales order processing, sales returns, and cash receipts. It then describes the physical revenue cycle for basic and advanced technology systems. For basic systems, the revenue cycle processes are described step-by-step and controls are outlined. For advanced systems, integrated processes and additional IT controls are discussed.
The document discusses the key stages in the Systems Development Life Cycle (SDLC), including systems strategy, project initiation, development, and maintenance. It describes the objectives of each stage, such as assessing business needs during systems strategy and conducting feasibility studies and cost-benefit analysis during project initiation. Accountants play an important role by ensuring economic feasibility analysis, accurate cost reporting, and that systems have appropriate controls.
Audit of the acquisition and payment cyclesellyhood
The document discusses the acquisition and payment cycle. It covers the key accounts and transactions in the cycle including acquisitions of goods and services, cash disbursements, and purchase returns and allowances. The document also describes the related business functions like processing purchase orders and cash disbursements. It discusses how e-commerce has impacted the cycle through electronic data interchange and business-to-business transactions over the internet. Finally, it outlines the audit procedures for the cycle including understanding internal controls, assessing risks, and designing tests of transactions and account balances like accounts payable.
This document outlines the objectives and key topics to be covered in Chapter 15 of the textbook "Accounting Information Systems, 6th edition". It will discuss the key provisions of Sections 302 and 404 of the Sarbanes-Oxley Act, including management responsibilities for internal controls over financial reporting. It will also cover IT controls related to financial reporting, risks of incompatible functions in IT organizational structures, controls over computer facilities, and elements of an effective disaster recovery plan.
This document provides an overview of Chapter 2 from the textbook "Accounting Information Systems, 8e" by James A. Hall. It discusses transaction processing and the three transaction cycles: expenditure, conversion, and revenue. It describes the objectives and types of transactions for each cycle. It also explains the traditional accounting records like source documents, product documents, journals, and ledgers. Additionally, it covers how transaction processing works in manual and computer-based accounting systems, including the audit trail and documentation techniques like entity relationship diagrams and data flow diagrams.
This document provides an overview of Chapter 4 from the textbook "Accounting Information Systems, 8e" by James A. Hall. The chapter discusses the revenue cycle, including the conceptual revenue cycle processes of sales order processing, sales returns, and cash receipts. It then describes the physical revenue cycle for basic and advanced technology systems. For basic systems, the revenue cycle processes are described step-by-step and controls are outlined. For advanced systems, integrated processes and additional IT controls are discussed.
This chapter discusses financial reporting and management reporting systems. It describes the general ledger system which collects transaction data, classifies accounts, validates transactions, processes data by posting to accounts and generating reports. The chapter outlines the relationship between the general ledger system and other subsystems, the components of the general ledger database, and the financial reporting process. It also discusses management reporting systems, risks associated with the general and financial reporting systems, and controls to address those risks. Finally, it provides an overview of XBRL, a language used to standardize financial reporting.
This chapter discusses financial reporting and management reporting systems. It describes the general ledger system which collects transaction data, classifies accounts, validates transactions, processes data by posting to accounts and generating reports. The chapter outlines the relationship between the general ledger system and other subsystems, the components of the general ledger database, and the financial reporting process. It also discusses management reporting systems, risks associated with the general and financial reporting systems, and controls to address those risks. Finally, it introduces eXtensible Business Reporting Language (XBRL) and its use and implications for financial reporting.
The document discusses the expenditure cycle process for purchases and cash disbursements. It describes the conceptual and physical expenditure cycles, including the basic technology and advanced technology systems. For each system, it outlines the key processes, documents, and internal controls. It also discusses reengineering the process using electronic data interchange and the control risks that must be addressed.
Ch-01 accounting information system .pptxNafeesReza1
This chapter discusses accounting information systems from an accountant's perspective. It defines key terms like transactions, information systems, accounting information systems, and management information systems. It also outlines the general model for information systems, including data collection, processing, management, and information generation. The chapter describes the objectives of an accounting information system and characteristics of useful information for decision making.
This document discusses Chapter 15 from the textbook "Accounting Information Systems, 8e" by James A. Hall. It covers IT controls, specifically addressing Sarbanes-Oxley (SOX) compliance and IT governance. Key points include an overview of SOX Sections 302 and 404 which require management to certify internal controls over financial reporting and assess control effectiveness annually. IT controls, including application and general controls, are critical for financial reporting given the role of IT systems. The implications of SOX increased the scope and testing of internal controls in external audits.
The document discusses the REA (Resources, Events, Agents) model for business process modeling and database design. It provides an overview of the key concepts of the REA model, including the three entity types - resources, events, and agents. It also describes the four-step view modeling process for creating an individual REA diagram representing a single business process view: (1) identify events, (2) identify impacted resources, (3) identify participating agents, and (4) determine associations and cardinalities between entities. The REA model aims to overcome limitations of traditional entity-relationship modeling by taking an economic approach focused on business processes.
This document provides an overview of key concepts from Chapter 1 of the textbook "Accounting Information Systems" by James A. Hall. It defines accounting and management information systems, transactions, and the general model for information systems, which includes data collection, processing, management and information generation. It also describes the organizational structure of businesses and functional areas like finance, accounting and IT. Finally, it discusses the importance of accounting independence for reliable information.
This document provides an overview of key concepts from Chapter 1 of the textbook "Accounting Information Systems" by James A. Hall. It defines accounting and management information systems, transactions, and the general model for information systems, which includes data collection, processing, management and information generation. It also describes the organizational structure of businesses and functional areas like finance, accounting and IT. Finally, it discusses the importance of accounting independence for reliable information.
This document discusses chapters 6 of the textbook "Accounting Information Systems, 8e" by James A. Hall. It covers payroll processing and fixed asset procedures. The key points are:
1) It describes the conceptual processes and common documents involved in payroll and fixed assets, including time cards, job tickets, depreciation schedules, and more.
2) It discusses the roles and responsibilities of different departments like personnel, payroll, cost accounting in managing employee pay and fixed assets.
3) It explains the physical and IT controls needed for payroll and fixed assets systems, such as segregation of duties, authorization, passwords, backups and more.
This chapter discusses controls over systems development, program changes, and applications. It covers topics like systems development life cycle controls, program change controls, source program library access restrictions, and controls over application processing. The chapter also describes audit techniques for testing controls like black box and white box testing, as well as substantive testing methods using embedded audit modules and generalized audit software.
This document discusses the process of constructing, delivering, and maintaining accounting information systems projects. It covers the in-house development phase of the systems development life cycle, including analyzing user needs, designing processes and databases, programming applications, and testing and implementation. It also discusses using commercial software packages, and the maintenance and support phase, which involves acquiring software updates and modifying existing systems. Key aspects of project development like prototyping, project management tools, structured and object-oriented design approaches, and data modeling are explained at a high level.
This document summarizes chapter 12 of the textbook "Accounting Information Systems, 8e" by James A. Hall. The chapter discusses electronic commerce systems and topics such as internet technologies, protocols, cloud computing, risks of e-commerce, and implications for accounting. It provides an overview of internet connectivity topologies, benefits of internet commerce, business models, and security measures like encryption, firewalls, and digital signatures. Risks covered include denial of service attacks, privacy concerns, and ensuring consistent application of privacy policies. The chapter also examines implications of e-commerce for the accounting profession, such as requirements for continuous auditing and handling electronic audit trails.
The document summarizes Chapter 13 of the textbook "Accounting Information Systems, 8e" by James A. Hall. It discusses the systems development life cycle (SDLC) process, which includes 5 stages: systems strategy, project initiation, systems analysis, systems design, and systems implementation. The chapter focuses on the first two stages - systems strategy and project initiation. Systems strategy involves understanding business needs, legacy systems, and user feedback to create a strategic plan. Project initiation assesses proposals for consistency with strategy and evaluates feasibility.
This document provides an overview of chapter 1 from the textbook "Principles of Accounting Information Systems". It discusses key concepts such as the general model for information systems, the differences between accounting information systems and management information systems, and the roles of accountants in information systems as users, designers, and auditors. The chapter objectives are outlined and there are diagrams illustrating topics like internal information flows, the evolution of different information system models, and the REA model for representing economic events in a business.
This document discusses controls for IT security and access in Chapter 16 of the textbook "Accounting Information Systems, 8e" by James A. Hall. It covers objectives for the chapter, which are to identify threats to operating systems and techniques to minimize exposures. It also discusses risks associated with electronic commerce over intranets and the internet, database integrity risks, and risks involving electronic data interchange. The document outlines various controls for operating systems, databases, internet/intranet risks, and techniques to mitigate security risks like firewalls.
This document discusses ethics, fraud, and internal controls in accounting information systems. It covers business ethics and computer ethics issues. Regarding fraud, it defines legal fraud and discusses the fraud triangle of pressure, opportunity, and ethics. It describes different types of fraud like fraudulent statements, corruption, and asset misappropriation. The document also discusses internal controls and the COSO framework, which identifies five components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring. Finally, it describes different types of physical and IT controls.
What is the relationship between Accounting and an Accounting inform.pdfannikasarees
What is the relationship between Accounting and an Accounting information system? (2.5
Marks)
Accounting-Methods, procedures, and standards followed in accumulating, classifying,
recording, and reporting business events and transactions. The accounting system includes the
formal records and original source data. Regulatory requirements may exist on how a particular
accounting system is to be maintained (e.g., insurance company).
Accounting Information System-Subsystem of a Management Information System (MIS) that
processes financial transactions to provide (1) internal reporting to managers for use in planning
and controlling current and future operations and for nonroutine decision making; (2) external
reporting to outside parties such as to stockholders, creditors, and government agencies.
• What has happened to the relationship over the years? (2.5 Marks)
Accounting and Information technology are two terms which are the used in every business .
Because both are needed for effective working of a corporate or company. It is the need of time
that we should understand the relationship between Accounting and Information Technology .
Accounting is related recording and utilisation of recorded data . Information technology is
scientific , technological , engineering disciplines and management technique used in
information handling and processing , their application , computers and their interaction with
men and machines and associated , economical and cultural matters . In Simple wording IT is
that technique which and get and utilize the information with effective and efficient way.
Now , we are ready for giving the relationship between Accounting And Information
technology.
Both are related to get information and utilization of that information . So both are
interconnected with each other . If our specialize of both area merge both system with scientific
and technical way , then they easily overcome the different problems due to lack of correct and
adequate information related to business.
• What is accounting information? (1 marks)
Accounting information can be classified into two categories: financial accounting or public
information and managerial accounting or private information. Financial accounting includes
information disseminated to parties that are not part of the enterprise proper—stockholders,
creditors, customers, suppliers, regulatory commissions, financial analysts, and trade
associations—although the information is also of interest to the company\'s officers and
managers. Such information relates to the financial position, liquidity (that is, ability to convert
to cash), and profitability of an enterprise.
Managerial accounting deals with cost-profit-volume relationships, efficiency and productivity,
planning and control, pricing decisions, capital budgeting, and similar matters. This information
is not generally disseminated outside the company. Whereas the general-purpose financial
statements of financial accounting are assumed.
Accounting Information System Financial Reporting DesignCharlie Congdon
This document describes the design of a financial reporting system for a wireless telecommunications company in the Philippines. It includes details on the company's operations, accounting processes, reports, and controls. The telecom derives income from postpaid plans, prepaid subscriptions, and internet connections. It also generates revenue from selling SIM cards and modems. Transaction records are stored electronically. The financial reporting system involves updating the general ledger, posting adjustments, preparing financial statements, and generating managerial reports. It includes both general controls over IT resources and application controls to ensure accurate financial reporting.
Complexities of Separating Data in an ERP Environmenteprentise
In an Enterprise Resource Planning (ERP) environment, multiple organizations can exist within a single instance. How does the data belonging to these organizations co-exist, and what are the challenges that companies face when they have to separate the data based on business reasons? With a focus on Oracle E-Business Suite (EBS), our speaker Chief Technology Officer of eprentise and Managing Director of eprentise India, Anil Kukreja will explore the best ways to address complexities in ERP environments to achieve success when separating data in this session.
Learning Objectives: After completion of this program you will be able to:
• Objective 1: Understand how data for multiple organizations reside in a single ERP environment.
• Objective 2: Understand the complexities involved in separating data for organization(s) in an ERP environment.
• Objective 3: Achieve success in separating data for organization(s) to meet business objectives.
7. audit atas laporan keuangan pendapat auditor atas laporan keuangan dan lap...Sri Apriyanti Husain
Dokumen tersebut membahas tentang tanggung jawab auditor dalam merumuskan pendapat atas laporan keuangan berdasarkan evaluasi bukti audit yang dikumpulkan. Auditor harus mengevaluasi kesesuaian laporan keuangan dengan standar pelaporan keuangan dan merumuskan opini apakah laporan keuangan telah disajikan secara wajar berdasarkan standar tersebut.
7. audit atas laporan keuangan pendapat auditor atas laporan keuangan dan lap...Sri Apriyanti Husain
Dokumen tersebut membahas tentang pendapat auditor atas laporan keuangan dan laporan auditor independen. Secara garis besar, dokumen tersebut menjelaskan tentang tujuan auditor dalam memberikan opini atas laporan keuangan suatu entitas, proses perumusan opini auditor, bentuk-bentuk opini yang dapat diberikan auditor, dan contoh bentuk laporan auditor dengan opini wajar tanpa pengecualian dan opini wajar dengan pengecualian.
146020300111009 sri apriyanti husain review jurnal_metode penelitian non posi...Sri Apriyanti Husain
Teks tersebut membahas konsep nilai tambah syariah berdasarkan teori enterprise syariah. Teori ini menempatkan Tuhan sebagai pusat dan memperhatikan keseimbangan antara nilai egoistik dan altruistik. Nilai tambah syariah diusulkan berdasarkan filsafat sufistik Manunggaling Kawulo-Gusti untuk menyatukan manusia dan Tuhan. Konsep ini diambil dari studi kasus tiga pelaku usaha tradisional.
1. Beberapa artikel membahas peran akuntansi forensik dalam mendeteksi dan memberantas korupsi di Indonesia, dengan menggunakan bukti-bukti yang dikumpulkan untuk mendukung proses hukum. 2. Salah satu artikel menyoroti pentingnya kompetensi, independensi, dan profesionalisme auditor dalam mendeteksi kecurangan melalui audit forensik. 3. Sebagian besar artikel sepakat bahwa audit forensik dapat membant
The document discusses the history and development of artificial intelligence over the past 70 years. It outlines some of the key milestones in AI research from the early work in the 1950s to modern advances in deep learning. While progress has been significant, fully general human-level AI remains an ongoing challenge that researchers continue working to achieve.
Ringkasan dokumen tersebut dalam 3 kalimat atau kurang:
Studi ini menganalisis laba rugi Perusahaan Daerah Air Minum (PDAM) Bali dengan menggunakan pendekatan Political Economy of Accounting (PEA) untuk memahami makna di balik angka laba rugi dan menilai praktik keadilan. Penelitian kualitatif ini menggunakan data dari wawancara, dokumen, dan statistik untuk memahami hubungan antara kekuasaan dan k
Dokumen tersebut membahas perubahan ketentuan PSAK 65 tentang Laporan Keuangan Konsolidasian sesuai dengan IFRS 10 mengenai definisi pengendalian, persyaratan akuntansi laporan keuangan konsolidasian, penentuan kepentingan nonpengendali, dan pedoman penentuan kehilangan pengendalian atas entitas anak."
PSAK 62 menetapkan pedoman akuntansi untuk kontrak asuransi dan reasuransi. Standar ini mengatur pengakuan, pengukuran, penyajian, dan pengungkapan untuk kontrak asuransi dan reasuransi. PSAK 62 juga membedakan kontrak asuransi dan investasi, serta menetapkan tes kecukupan liabilitas untuk memastikan kewajiban asuransi dicukupi.
PSAK 58 mengatur kriteria dan pengukuran aset tidak lancar yang dimiliki untuk dijual dan operasi yang dihentikan. PSAK 58 menetapkan syarat yang harus dipenuhi agar suatu aset diklasifikasikan sebagai aset tidak lancar yang dimiliki untuk dijual serta mengatur pengukuran awal dan selanjutnya atas aset tersebut. PSAK 58 juga mengatur penyajian dan pengungkapan aset tidak lancar yang dimiliki untuk di
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
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OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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