Chapter 1 Accounting Details Systems and the Accountant
ADVANTAGES WHAT ARE ACCOUNTING INFORMATION DEVICES?
Accounting Information Systems—A Deﬁnition Accounting Information Systems and Their Role in Organizations
The Annual Record Universal Concrete floor Products Ross, Sells, and Young, LLP
REFERENCES AND RECOMMENDED PSYCHIC READINGS ANSWERS TO TRY YOURSELF
CAN BE NEW IN ACCOUNTING DETAILS SYSTEMS?
Suspicious Activity Credit reporting Countering Terrorism Corporate Scandals and Accounting The Sarbanes-Oxley and Patriot Acts
ACCOUNTING AND THAT
Financial Accounting Managerial Accounting Auditing Taxation
CAREERS IN ACCOUNTING DATA SYSTEMS
Classic Accounting Devices Consulting I . t Auditing and Security
After reading this chapter, you will: 1 ) Be able to distinguish between such conditions as ‘‘systems, '' ‘‘information systems, '' ‘‘information technology, '' and ‘‘accounting info systems. '' 2 . Find out how information technology (IT) inﬂuences accounting systems. several. Be familiar with suspicious activity reporting. 4. Understand how ﬁnancial confirming is changing with advances in IT, such as XBRL. five. Appreciate how IT permits management accountancy firm to use business intelligence (bi) to create dashboards and scorecards. 6. Understand why auditors provide a number of assurance companies. 7. Be aware of what is new in regards to accounting information systems. 8. Be familiar with profession opportunities that combine accounting and THAT knowledge and skills.
VOLIGE AT WORK—CONSULTING WORK FOR CPAs SUMMARY SEARCH TERMS YOU SHOULD KNOW TEST YOURSELF DEBATE QUESTIONS CHALLENGES
PART ONE / An intro to Accounting Information Devices
‘‘The accounting industry has long been paper-driven. Right now, it is turning out to be technology motivated. '' Maureen Link, ‘‘3G Technology Will alter the Way You Work'' Pennsylvania CPA Journal (Spring 2003), l. 19.
The study of accounting information systems (AISs) can be, in large part, the study of the application of technology (IT) to accounting systems. This part describes the ways that i . t affects ﬁnancial accounting, managerial accounting, auditing, and taxation. We start by answering problem ‘‘what are accounting details systems'' then look at some new developments inside the ﬁeld. Following this, we will examine a few traditional functions of AISs in commerce. Why should you research accounting details systems? There are many reasons, which in turn we will certainly review brieﬂy in this part, but one of the important is due to the particular career possibilities that will allow you to combine the study of accounting topics with your involvement in computer systems. In today's job market, accounting employers expect new hires to be pc literate. In addition , a large number of particular employment opportunities can be found to those students who own a deeper comprehension of computer themes and can take advanced pc skills to accounting careers. The last element of this section describes many special profession opportunities for anyone with an interest in AISs.
WHAT ARE ACCOUNTING DATA SYSTEMS?
What do the following share: (1) a shoebox ﬁlled with a solicitor's expense statements, (2) the monthly payroll spreadsheet in the computer associated with an auto-repair shop, (3) the Peachtree accounting system for any small string of dry-cleaning stores, and (4) the ERP (Enterprise Resource Planning) system of a huge manufacturer? The answer then is that they are every examples of accounting information devices. How can a great many of kinds of accounting applications each qualify as an accounting information system? The answer is that this may be the essence of what AISs are—collections of raw and stored data (that with each other typically act as inputs), finalizing methods (usually called ‘‘procedures''), and info (outputs) that serve valuable accounting uses. Do such systems have to become computerized?...
Sources: AND SUGGESTED READINGS
Beaumier, Carol M., ‘‘Anti-Money-Laundering Conformity: Elements of a Successful Program'' Lender Accounting & Finance Vol. 21, Number 2 (February 2008), pp. 39–42. Boehmer, Jay. ‘‘Cos Face Sarbanes-Oxley Law'' Organization Travel News Vol. twenty one, No . 1 (January 19, 2004), pp. 1–2. Cheney, Glenn. ‘‘Are Auditors Patriot Act Ready? '' Accounting Today Vol. 21, Number 22 (December 17, 2007), p. 18. Coustan, Harvey, Linda Meters. Leinicke, W. Max Rexroad, & Joyce A. Ostrosky, ‘‘Sarbanes-Oxley: What it takes to the Marketplace'' Journal of Accountancy (February 2004), pp. 43–47. Hannon, Neal J., ‘‘The Business lead Singer Gets a Refrain, '' Proper Finance, Volume. 87, Iss. 11 (May 2006), pp. 59–60. Hemphill, Thomas A. ‘‘Corporate Responsibility and the Battle with Terrorism'' Business Horizons Vol. 46, No . 3 (May/June 2003), pp. 13–17. Holbrook, Kevin. ‘‘Adding Value with Analytics, '' Strategic Financing (November 2004), p. 40–43. Kaplan, Robert S., & David S. Norton, ‘‘Transforming the Balanced Scorecard by Performance Way of measuring to Ideal Management: Part II, '' Accounting Horizons (June 2001), pp. 147–160. Kerstetter, Rick. ‘‘Sarbanes-Oxley Leads to a Software Boom, '' Business Week (January 12, 2004), p. 94. Johnston, Randolph P., ‘‘A Tour of Tomorrow's Technology, '' Record of Accountancy, Vol. 2 hundred, No . four (October 2005), pp. 95–96. Malykhina, Elena. ‘‘XBRL: Greater than a Must-Do, '' InformationWeek, Iss. 1091 (May 29, 2006), pp. 57–59. Rainer, 3rd there�s r. Kelly Junior., Efraim Diademe, & Richard E. Potter. Introduction to Details Systems. Hoboken, NJ: Steve Wiley & Sons, Inc. (2007).
SECTION 1 as well as Accounting Information Systems plus the Accountant
Reynolds, Frank. ‘‘How the Terrorists Helped the Taxman'' Accountancy Vol. 131, No . 1316 (April 2003), pp. 44–46. Richards, Dave. ‘‘Envisioning Our Foreseeable future, '' Internal Auditor (August 2001), pp. 60–67. Thottam, Jyoti. ‘‘Inside Business: What Can America Make'' Time Magazine (January 12, 2004), pp. seventy seven ff. Link, Robert. ‘‘XBRL: It's Easy, '' Record of Accountancy (August 2005), Vol. 200, Iss. a couple of, pp. 32–35. Vardi, Nathan. ‘‘Auditing Arafat'' Forbes Mag, Vol. 171, No . six (March seventeen, 2003) pp. 49–51. Willis, Mike. ‘‘XBRL and Data Standardization: Transforming the Way Certified public accountants Work, '' Journal of Accountancy, Vol. 199, Iss. 3 (March 2005), pp. 80–81.
ANSWERS TO TEST YOURSELF
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Dillard's Co. 10K Report 1 . General Info A. The company's company office is usually headquartered in Little Rock and roll, Arkansas. I discovered this information about…...