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  • CHAPTER 1:INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMSACCOUNTING INFORMATION SYSTEMS 10eGELINAS DULL WHEELER 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • LEARNING OBJECTIVESAppreciate the complex, dynamic environment in which accounting is practiced.Know the relationship between the AIS and the organizations business processes.Know the attributes of information.Recognize how information is used for different types of decisions and at various levels in the organization. 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • LEARNING OBJECTIVES (CONTD)Recognize how the information system supports the management function.Recognize the accountants role in relation to the current environment for the AIS.Understand how to use this textbook effectively to learn AIS. 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • RESPONSIBILITIES OF ACCOUNTANTS(Occupational Outlook Handbook)Examine financial statements to be sure they are accurate and comply with laws and regulationsCompute taxes owed, prepare tax returns, and ensure that taxes are paid properly and on time.Inspect account books and accounting systems for efficiency and use of accepted accounting procedures.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • RESPONSIBILITIES OF ACCOUNTANTS (CONTD) (Occupational Outlook Handbook)Organize and maintain financial recordsAssess financial operations and make best-practices recommendations to managementSuggest ways to reduce costs, enhance revenues, and improve profits

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • TEXTBOOK THEMESEnterprise Systems integrate business processes and information from all of an organizations functional areas (marketing and sales, cash receipts, purchasing, cash disbursements, human resources, production and logistics, and business and financial reporting).E-business is the application of electronic networks (including the Internet) to undertake business processes between individuals and organizations.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • TEXTBOOK THEMES (CONTD)Internal Control is a process effected by the board of directors, management and other personnel to provide reasonable assurance that organizational objectives will be achieved in: efficiency and effectiveness of operations, reliability of reporting, and compliance with laws and regulations. 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • SARBANES-OXLEY ACT OF 2002Implications for both public and private accountants:Section 404 and PCAOB Auditing Standard No. 5:Management must identify, document, and evaluate significant internal controls.Auditors must report on the effectiveness of the organizations system of internal controls. 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • SARBANES-OXLEY ACT OF 2002 (CONTD)Implications for both public and private accountants:Section 409 of SOX:Requires disclosure to the public on a rapid and current basis of material changes in an organizations financial condition. 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • EXPANDING ROLE OF THE AUDITORHistorically, auditors have performed attest functions to determine the reliability of financial statements Expanding role includes:Nonfinancial information not measured in monetary unitsUse of information technology to create or summarize information from databasesEvaluating information for the assessment of risk 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • ELEMENTS IN THE STUDY OF AIS 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • 2013 NORTH AMERICA TOP TECHNOLOGY INITIATIVES SURVEY UNITED STATESMaintaining and retaining dataSecuring the IT environmentManaging IT risk and complianceEnsuring privacyManaging system implementations 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

    2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

  • 2013 NORTH AMERICA TOP TECHNOLOGY INITIATIVES SURVEY UNITED STATES (CONTD)Preventing and responding to computer fraudEnabling decision support and analyticsGoverning and managing IT investment/spendingLeveraging emerging technologiesManaging vendors and service providers 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated,