Professional Documents
Culture Documents
Introduction
What Are Accounting Information Systems
(AIS)?
Whats New in AIS?
Accounting and IT
Careers in AIS
Chapter
1-1
Introduction
Chapter
1-2
Accounting Information
Systems
AIS Today
Financial and non-financial data
Enterprise-wide information system
Business process focused
Chapter
1-3
The Accountants
Challenge
Non-Accountants
Chapter
1-4
Information (versus Data)
Data
Raw facts
No organization or meaning
Beginning of audit trail
Information
Processed data
Meaningful to users
Chapter
1-5
AIS Components
Chapter
1-6
Computerized Data
Processing Problems
Chapter
1-7
AIS and ERP
Chapter
1-9
Study Break #1
A. Sales price
B. Customer number
C. Net profit
D. Employee name
Chapter
1-10
Study Break #1 - Answer
A. Sales price
B. Customer number
C. Net profit
D. Employee name
Chapter
1-11
Study Break #2
Chapter
1-12
Study Break #2 - Answer
Chapter
1-13
AIS: Role in Organizations
Information Age
Impact of technology
Fewer workers producing goods
Knowledge workers
Produce, analyze, manipulate, and distribute information
Focus on business activities
Chapter
1-14
AIS: Role in Organizations
E-Business
Conducting business over the Internet
Increased importance and growth
E-Commerce
Subset of e-business
Buying and selling transactions
Chapter
1-15
Whats New in AIS?
Cloud Computing
Sustainability Reporting
Chapter
1-17
Disadvantages of Cloud
Computing
Quality of Service
Chapter
1-18
Sustainability Reporting
Chapter
1-19
Suspicious Activity
Reporting
Chapter
1-20
Forensic Accounting
Forensic Accounting
Combines skills of investigation, accounting, and auditing
Provides evidence of criminal activity
Enron (2001)
Manipulation of accounting records
Understate liabilities and inflate earnings
Chapter
1-25
Study Break #4 - Answer
Chapter
1-26
Accounting and IT
Chapter
1-27
Objectives of Financial
Accounting
External
Provide relevant information
Investors, Creditors
Financial Statements
Internal
Provide relevant information
Planning, decision making, and control activities
Division managers, product managers
Chapter
1-28
The Accounting Cycle
Chapter
1-29
Financial Accounting
Non-Financial Data
REA Accounting
Resources, Events, and Agents
Real-Time Reporting
Objective
Provide relevant information
Internal users (Managers)
Components
Cost Accounting
Budgeting
Chapter
1-31
Cost Accounting
AIS Examples
Activity-Based Costing
Corporate Performance Measurement and Business
Intelligence
Chapter
1-32
Activity-Based Costing
Assigning of Overhead
Increased automation created difficulties
Lacked direct relationship between labor and
overhead
AIS Implementation
Easier assignment of overhead
Important aspect of strategic planning
Chapter
1-33
Corporate Performance
Measurement
Balanced Scorecard
Financial Performance
Customer Knowledge
Internal Business Processes
Learning and Growth Chapter
1-34
Business Intelligence
and Dashboards
Chapter
1-35
Budgeting
Definition
Financial projection for the future
Short-range and long-range
Usefulness
Managerial control
Compare actual and budgeted results
Chapter
1-36
Study Break #5
A dashboard is:
Chapter
1-37
Study Break #5 - Answer
A dashboard is:
Chapter
1-38
Study Break #6
Chapter
1-39
Study Break #6 - Answer
Chapter
1-40
Auditing
Traditional role
Evaluate the accuracy and completeness of a
corporations financial statements
Present role
Evaluate clients compliance with HIPAA laws
IT evaluations and audits (security, privacy)
Management consulting
Chapter
1-41
Taxation
Taxation Software
Example of AIS
Create and evaluate tax strategies
Transmit completed forms
Professional Usage
Research challenging questions
Access more up-to-date information
Database access
Chapter
1-42
Careers in Accounting
Information Systems
Traditional Accounting
Understanding of accounting and information systems
Certified Information Technology Professional
Systems Consulting
Designing systems and reengineering processes
Software and hardware selection
Value-added resellers (VARs)
Chapter
1-43
Careers in Accounting
Information Systems
Chapter
1-45
Copyright
Copyright 2012 John Wiley & Sons, Inc. All rights reserved.
Reproduction or translation of this work beyond that permitted in
Section 117 of the 1976 United States Copyright Act without the
express written permission of the copyright owner is unlawful.
Request for further information should be addressed to the
Permissions Department, John Wiley & Sons, Inc. The purchaser
may make backup copies for his/her own use only and not for
distribution or resale. The Publisher assumes no responsibility for errors,
omissions, or damages, caused by the use of these programs or from the
use of the information contained herein.
Chapter
1-46
Chapter 1
Chapter
1-47