...Report on Book Chapter Series in Chapter 3 Transaction Processing EAST WEST UNIVERSITY Course Title: Accounting Information System Course Code: ACT 430 Sec: 01 Submitted to Nikhil Chandra Shil Department of Business Administration East West University Submitted by Name | ID | Md. Saiful Islam | 2011-1-10-293 | Md. Sariful Islam | 2011-1-10-286 | Saad Abduallah | 2011-1-10-362 | Sakil Ahamed Dip MD.Khanzarul Islam | 2011-3-10-149 2011-1-10-428 | Date of Submission: 25th November, 2014 November 25, 2014 Nikhil Chandra Shil Bachelor of Business Administration East West University Subject: Submission of report on Accounting Information System in chapter 3. Dear Sir, We would like to take this opportunity to thank you for the guidance and support you have provided us during this course of this report. Without your help, this report would have been impossible to complete. To prepare the report we collected what we believe to be most relevant information to make our report as analytical and reliable as possible. We have concentrated our best effort to achieve the objectives of the report and hope that our endeavor will serve the purpose. The practical knowledge and experience gathered during report preparation will immeasurably help in our future professional life. We request you to excuse us for any mistake that may occur in the report despite...
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...Chapter 7 1. A process by which organizations select objectives, establish processes to achieve objectives, and monitor performance is |a. |enterprise risk management | |b. |internal control | |c. |organizational governance | |d. |risk assessment | ANS: C 2. A process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may effect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives. |a. |enterprise risk management | |b. |internal control | |c. |organizational governance | |d. |risk assessment |...
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...Life Cycle – Systems Analysis. Chapter 20 deals with the remaining four phases: - conceptual systems design - physical systems design - systems implementation and conversion - operation and maintenance CONCEPTUAL SYSTEMS DESIGN In the conceptual systems design phase, the developer creates a general framework for implementing user requirements and solving problems identified in the analysis phase. As shown in Figure 20-1 on page 747 HC (page 637 SC), there are three main steps in conceptual design: 1. evaluating design alternatives, 2. preparing design specifications, and 3. preparing the conceptual systems design report. [pic] Evaluate Design Alternatives There are many ways to design an AIS, so accountants and others involved in systems design must continually make design decisions. [pic] The design team should identify a variety of design alternatives and evaluate each with respect to the following standards: 1) how well it meets organizational and system objectives, 2) how well it meets user needs, 3) whether it is economically feasible, and 4) what its advantages and disadvantages are. The steering committee evaluates the alternatives. Table 20-1 on page 748 HC (page 638 SC) presents examples of conceptual and physical design considerations and their corresponding design alternatives. Answers to these questions significantly designs the system in selecting from the alternatives. Prepare Design Specifications ...
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...Assignment Cover Sheet Unit Name : Charles Darwin UN ~ VEII!. I ' Y A' ~H ta'!a I Unit Code: CMA304 Computer Based Accounti ng Systems Lectu rers Name: School of Law and Business Charles Darwin University Casuarina NT 0909 Phone: (08) 8946 6830 Kevin J CLARK Asses sment T itl e DE Ll ve ~ f1L-E IttI Lodgement Date (dd/mm/yyyy) I Applied for Extension Semester : Assign ment Two - (Systems AnalysisTerm Project) Due Date (dd/mm/yyyy) Two I ;~~2 (dd/mm/yyyy) 2110912012 2110912012 N/A NO YES-to Lodgement Locations : (refer to specific lodgement requirements as set out by the lecturer) The assignment must be lodged onli ne via the Learnline Assignment Lodgement link on the Learnline site for this unit. Ensure your file is named using a file naming convention that allows the lecturer to identify to whom it belongs. Failure to use an acceptable file naming convention may result in your assignment lodgement being rejected. Refer to the endnotes of the aSSign ment detail s for lodgement options if the Learnline Assignment Lodgement link for this unit is unavailable. o 0 0 . . DO NOT LODGE BY FAX nor EMAIL nor at LECTURER'S OFFICE KEEP A COpy Ensure you have a copy of the assignment lodged. If you have submitted assessment work electronically please make sure you have a backup copy. DECLARATION BY STUDENTS I certify that this assignment is my own work, based on my own personal study and research, and that I have acknowledged...
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...CORE CONCEPTS OF Accounting Information Systems Twelfth Edition Mark G. Simkin, Ph.D. Professor Department of Accounting and Information Systems University of Nevada Jacob M. Rose, Ph.D. Professor Department of Accounting and Finance University of New Hampshire Carolyn Strand Norman, Ph.D., CPA Professor Department of Accounting Virginia Commonwealth University JOHN WILEY & SONS, INC. VICE PRESIDENT & PUBLISHER SENIOR ACQUISITIONS EDITOR PROJECT EDITOR ASSOCIATE EDITOR SENIOR EDITORIAL ASSISTANT PRODUCTION MANAGER PRODUCTION EDITOR MARKETING MANAGER CREATIVE DIRECTOR SENIOR DESIGNER PRODUCTION MANAGEMENT SERVICES SENIOR ILLUSTRATION EDITOR PHOTO EDITOR MEDIA EDITOR COVER PHOTO George Hoffman Michael McDonald Brian Kamins Sarah Vernon Jacqueline Kepping Dorothy Sinclair Erin Bascom Karolina Zarychta Harry Nolan Wendy Lai Laserwords Maine Anna Melhorn Elle Wagner Greg Chaput Maciej Frolow/Brand X/Getty Images, Inc. This book was set in 10/12pt Garamond by Laserwords Private Limited, and printed and bound by RR Donnelley/Jefferson City. The cover was printed by RR Donnelley/Jefferson City. This book is printed on acid free paper. Founded in 1807, John Wiley & Sons, Inc. has been a valued source of knowledge and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Our company is built on a foundation of principles that include responsibility to the...
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...ACCOUNTING INFORMATION SYSTEMS: COURSE OBJECTIVES, DESCRIPTION, TOPICS, AND ASSIGNMENTS ACCT-5600 DR. NICOLAOU Fall 2010 COURSE STRUCTURE In the modern world, the majority of accounting entries occur electronically. Accountants and auditors store information in databases, managed by enterprise systems that have a set of controls to ensure that transactions and record keeping happen as expected. E-business Web sites handle transactions automatically, with the accounting data going directly into the necessary databases. The concept of a paper trail has become a bit of a misnomer; today, because of accounting information systems, there is often no paper involved at all; however, it is important to establish the flow the data in different areas of the organization, or audit trail, so as to properly exercise internal controls. AISs help in this purpose. At the outset of this course, you will learn the basics of accounting information systems and business processes. Next, you will learn about database management systems, and the design of various database models. Finally, you will learn about how to use internal controls effectively for risk management, as well as the requirements for business reporting. After completing this course, you should not only have a clear idea of how accounting information systems work, but you should also be prepared to design and configure them to meet the record-keeping and risk management requirements of the organization. In addition...
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...document Accounting Information Systems (AIS). The objective of modeling AIS is multifaceted and can be to: visualize, understand, summarize, detail, analyze, design, develop, implement, operate, secure, control, or audit the AIS. UML is a powerful modeling language and technique for all of these modeling tasks and is more robust and semantically superior to the commonly used Structured Analysis (SA) modeling tools of flowcharts (FC), data flow diagrams (DFD), and entity-relationship diagrams (ERD). Dr. White suggests that using UML diagrams as a tool to document AIS is a viable alternative to the Structured Analysis’s diagrams of FC, DFD, and ERD. What follows in Section II is a brief comparison of the two alternative approaches to systems documentation: Structured Analysis (SA) and Object Orientation (OO). Section III presents the definition and description of the major structural and behavioral elements used in UML including classifiers, instances, relationships, collaborations, activities, interactions, and states. Section IV discusses the organization and presentation of UML documentation of AIS as a collection of diagrams and packages. Section V contains various UML diagrams of the business revenue cycle (system) as examples of how to use UML to document a business system. Section VI contains examples of UML models of two special systems of great importance to accountants: the General Ledger system with an AJE component, and the AIS Internal Control system. Appendix 1...
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...areas between right and wrong. Accounting information systems appears to be throwing us into a whole new area of the study of accounting. The fine line between right and wrong is becoming smudged into a gray area. With accounting information system we are being thrown into an area that is now unfamiliar to what we have come to know as right or wrong. This accounting information system is designed to help us think outside of the box by providing unstructured problems that will increase our ability to develop professional judgment, our confidence in our ability, and use more critical thinking. The conceptual framework was developed in the late 1970’s by the FASB to be used as a guide for accounting principles. The conceptual framework is set up as a pyramid that has three levels. The top level provides the objective of financial reporting: provide information to decision makers, the second or middle level is divided into two parts, one part is aimed at the elements of financial statements and the second part is geared towards the qualitative characteristics. Finally, the bottom level is divided into three parts: assumptions, principles, and constraints. An accounting information system is related to the conceptual framework by capturing data on the elements of financial statements, transforming this data into useable information that is relevant and reliable, and recognizing and adapting to the cost-benefits...
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...ACCOUNTING INFORMATION SYSTEM EXERCISE Pham Quang Huy Exercise 1. Nehru Gupta is the controller at the Acme Shoe Company, a large manufacturing company located in Franklin, Pennsylvania. Acme has many divisions, and the performance of each division has typically been evaluated using a return on investment (ROI) formula. The return on investment is calculated by dividing profit by the book value of total assets. In a meeting yesterday with Bob Burn, the company president, Nehru warned that this return on investment measure might not be accurately reflecting how well the divisions are doing. Nehru is concerned that by using profits and the book value of assets, division managers might be engaging in some short-term finagling to show the highest possible return. Bob concurred and asked what other numbers they could use to evaluate division performance. Nehru said, ‘‘I’m not sure, Bob. Net income isn’t a good number for evaluation purposes. Because we allocate a lot of overhead costs to the divisions on what some managers consider an arbitrary basis, net income won’t work as a performance measure in place of return on investment.’’ Bob told Nehru to give some thought to this problem and report back to him. Questions: a. Explain what managers can do in the short run to maximize return on investment as calculated at Acme. What other accounting measures could Acme use to evaluate the performance of its divisional managers? b. Describe other instances in which accounting...
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...INTERNSHIP REPORT ON ACCOUNTING INFORMATIONSYSTEM OF REAL ESTATE BUSINESS IN BANGLADESH”-AN EMPIRICAL STUDY OF [pic] PREPARED FOR Farzana Afrin Internship Supervisor & Lecturer Dept. of Business Studies Stamford University Bangladesh. PREPARED BY Mahmood Hossain Id: 02707400 Section: 27(Q) Date: LATTER OF TRANSMITTAL April Ms Farzana Afrin Lecturer Stamford University Dhanmondi, Dhaka Dear Madam, I feel myself fortunate enough for having the scope to conclude the study on “The Accounting information System of Real Estate Business in Bangladesh”-An Empirical study of Building For Future Ltd, Which you assigned me to do as a part of the study. Obviously, this type of practical work made me acquainted with “Real Estate Finance” in real life situation. Here, I can’t deny the help that I got from the staff of Building For Future Ltd. who ensured me a full congenial atmosphere to access over a plenty of information with relevant papers and a practical survey. I am thankful to them for showing their highest degree of tolerance in answering my inexorable questions, sometimes repeated. I would enthusiastically provide you related information depending on your queries. The report was prepared under your able leadership and I do respectfully appreciate guidance to me to learn about...
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...CHAPTER 22 SYSTEMS DESIGN, IMPLEMENTATION, AND OPERATION SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 22.1 Prism Glass is converting to a new information system. To expedite and speed up implementation, the CEO asked your consulting team to postpone establishing standards and controls until after the system is fully operational. How should you respond to the CEO’s request? The consulting team should strongly advise the CEO that postponing standards and controls is not advisable. Rather than save time and money, the company will probably lose time in the future when unanticipated problems and weaknesses arise due to the lack of standards and controls. The following are reasons why performance standards and control procedures should be established before the system becomes operational: * Internal control considerations must be taken into account when assigning job responsibilities. * Job descriptions and work schedules must include the various control procedures. * Performance standards associated with each position must be considered when selecting personnel to operate the system. * Documentation standards and data security provisions must be formulated before the system can be operational. * Error checks must be built into all computer software...
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...earns revenue in the form of commissions on sales made via the site. | business-to-business (B2B) model | An e-commerce model in which a business provides goods or services to other businesses. | business-to-consumer (B2C) model | An e-commerce model in which a business provides goods or services to consumers. | business-to-government (B2G) model | An e-commerce model in which a business provides goods and services to government organizations. | consumer-to-consumer (C2C) model | An e-commerce model in which a consumer provides goods or services to other consumers. | digital wallet | A program or online service that holds a buyer’s information (such as electronic payment, billing, and shipping information) that can be used to speed up online purchase transactions. | dot-com | An Internet-only store with no physical presence. | e-commerce | The act of doing business transactions over the Internet or similar technology. | e-commerce business model | A description of how an e-commerce company does business, such as the types of buyers and sellers involved. | e-tailer | An online retailer. | m-commerce | E-commerce carried out via mobile phones and other mobile devices. | meta tag | A special HTML or XHTML tag containing information about a Web page that is added by the person creating the Web page and is used primarily by search sites. | online auction site | A Web site where potential buyers bid on an item and, at the end of a set time period, the highest bidder...
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...1 OVERVIEW OF THE EAGLE PROGRAM APPROACH PAGE 1. INTRODUCTION 1.1 What is EAGLE?...........................................................................................................5 1.2 What is the Purpose of EAGLE? ...................................................................................6 1.3 Program Expectations and Timeline ..............................................................................6 1.4 Guidance Manual and Training Program.......................................................................7 2. OVERVIEW OF INTERNAL CONTROLS OVER FINANCIAL REPORTING 2.1 2.2 2.3 2.4 2.5 Introduction ....................................................................................................................8 Definition of Internal Control ........................................................................................8 COBIT..........................................................................................................................11 Responsibility for Internal Control System .................................................................13 Conclusion ...................................................................................................................14 3. TOP-DOWN, RISK-BASED APPROACH 3.1 3.2 3.3 3.4 3.5 Introduction ..................................................................................................................15 Risk Identification.....................................
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...Chapter 1 Structure and Functions of a Computer "Hardware: the parts of a computer that can be kicked." ~ Jeff Pesis After completing this chapter, you will be able to: 1. Explain the importance of computer literacy. 2. Define the term computer. 3. Identify the components of a computer. 4. Compare the uses of various types of: input devices, output devices, and storage devices. 5. Describe categories of computers and their uses. Structure and Functions of a Computer 1 1.0 Introduction A computer is an electronic machine designed for the storage and processing of data. The machinery is called hardware, and this highly sophisticated equipment needs equally sophisticated programs (called software) to become a working computer system. Modern society has come to depend very heavily on the use of computer systems. Banks, businesses, government departments, industries, shops, people at home and school all rely on computer to play a vital role in their daily activities. These activities are centered on information. In business, the computer system has been used a lot and replaced filing cabinets as means of storing information, and clerical workers as a means of processing it. By storing and processing information on a computer system, these businesses can function more quickly and efficiently, because information can be found and collated much faster. Discovery Learning: A computer was also called a data processor. Why? 1.1 Major Parts and Functions A Computer is...
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...Top Data Management Terms to Know Fifteen essential definitions you need to know Fifteen Essential Data Management Terms We know it’s not always easy to keep up-to-date Contents with the latest data management terms. That’s why we have put together the top fifteen terms and definitions that you and your peers need to know. OLAP (online analytical processing) Star schema What is OLAP (online analytical processing) Fact table OLAP (online analytical processing) is computer processing that enables a Big data analytics Data modeling Ad hoc analysis user to easily and selectively extract and view data from different points of view. For example, a user can request that data be analyzed to display a spreadsheet showing all of a company's beach ball products sold in Florida in the month of July, compare revenue figures with those for the same products in September, and then see a comparison of other product sales in Data visualization Extract, transform, load (ETL) Florida in the same time period. To facilitate this kind of analysis, OLAP data is stored in a multidimensional database. Whereas a relational database can be thought of as two-dimensional, a multidimensional database considers each data attribute (such as product, geographic sales region, and time Association rules (in data mining) Relational database period) as a separate "dimension." OLAP software can locate the intersection of dimensions (all products sold in the...
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