Information Technology and Accounting Fraud History has shown the accounting network has come a long way from the days which included manual general ledgers to the present where electronic general ledgers are a necessity. In the electronic world we now live in, the accounting information system requires us to utilize computer systems and intranets, which transfer vital information at a much more rapid speed. Information systems used for accounting purposes
Words: 334 - Pages: 2
Chapter 1—Introduction to Accounting Information Systems TRUE/FALSE 1. The three themes of the text are operating systems, e-business, and internal control. ANS: F 2. In an assurance service the accountant will provide the original information used for decision making. ANS: F 3. Financial care for the elderly has been identified by the AICPA as a potential assurance service. ANS: T 4. Wireless technologies was identified as one of the ten most important 2006 technological
Words: 3539 - Pages: 15
Chapter 1: Introduction to Accounting Information Systems Business Processes and Accounting Information Systems • Business Process: sequence of activities performed by a business for acquiring, producing, and selling goods and services o Used by accountants and others • Transaction Cycles: group related events that typically occur in a particular sequence o Acquisition (purchasing) cycle = purchasing and paying for goods or services o Conversion cycle =
Words: 618 - Pages: 3
Accounting is not the same as it used to be. Advancements in information technology have transformed the accounting process and the ways in which accountants undertake their roles. Bookkeeping, calculations and data storage that were previously maintained on paper are now all processed on computers through the use of accounting information systems. It is a known fact that accounting is influenced by external factors such as the economy, laws and society and it must persist to remain current with
Words: 1161 - Pages: 5
Information Systems and Software Applications Jessica Carson BIS/219 September 13, 2010 Julie Johnston Information Systems and Software Applications Many operational departments work with information systems and software applications on a daily basis. Software applications make the organization of data for many departments more readily available. The accounting department for instance has accounting software applications that help to perform everyday accounting also organizing the company’s
Words: 445 - Pages: 2
THE IMPACT OF INFORMATION TECHNOLOGY ON THE ACCOUNTING PROFESSION IN NIGERIA By: Idongesit Efiong Utah ABSTRACT This research focuses on assessing the impact of information technology on the Nigerian Accounting profession by examining four areas: Impact on the public and private sector, the challenges and reaction to the challenges posed by information technological innovation and information technologies enhancing effect on the Accounting profession. INTRODUCTION It is evident that we are in
Words: 2891 - Pages: 12
ACC564 – Accounting Information Systems Professor: Dr. Monica Hubler September 8, 2014 Abstract Migrating to a new accounting information system is not an easy task. Many firms have struggled with this process, even though our textbook makes the process seem quite straightforward. Recently, IBM recapped some of the lessons learned in migrating to a new accounting information system within the federal government. These lessons can be applied to any accounting information system project.
Words: 5446 - Pages: 22
Assignment One: Information Needs for the AIS Lindsay Bostick ACC 564 Accounting Information Systems Note: This assignment is submitted on April 15, 2016 to Dr. Ahmad Abudiab in fulfillment of a requirement for successful course completion. Introduction of Accounting Information Systems “Accounting is a data identification, collection, and storage process as well as an information development, measurement, and communication process. By definition
Words: 1391 - Pages: 6
refers to documenting those significant accounting processes to make sure the financial reporting are consistent with the company’s business activities, and GAAP. Documentation of significant accounting processes also help companies achieve business operations effectiveness. To prove the necessity of accounting process documentation. I will prove it from several aspects. First, business transaction cycles are always managed through Accounting Information System. Transaction cycles are initiated by accountants
Words: 849 - Pages: 4
Chapter 1 Accounting Information Systems and the Accountant Accounting Information System (AIS) * the study of the application of information technology to accounting systems * a collection of data and processing information that creates needed information for its user Data * raw facts about events that have little organization or meaning – for example, a set of eaw scores on a class examination Information * processed data that are useful and meaningful – for example, by sorting
Words: 457 - Pages: 2
