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Referencing this week’s readings and lecture, describe the six steps in the
systems approach and apply the systems approach to improving the quality of an
accounting information system (AIS).
(CHAPTER 1 READING)
to ACC 622- Accounting Information Systems. We begin our journey with an
overview of how technology and accounting correlate with one another.
Accounting Information Systems (AIS) are more than just technologies used to
report financial information. According to Bodnar and Hopwood (2013), “an
accounting information system is a collection of resources, such as people and
equipment, designed to transform financial and other data into information”
(p.1). Each week you will be provided with a written weekly lecture aimed
at supplementing one or more concepts from the readings. In addition to
this lecture, a link to the textbook’s PowerPoint presentation will be made
available to highlight the key concepts covered in the weekly readings.
The resources used in a comprehensive AIS work in correlation as a system that
is focused on specific goals (Romney &Steinbart, 2015). Section 404
of the Sarbanes-Oxley Act (SOX) is concerned with how management assesses an
organization’s internal controls to ensure the accuracy of reported financial
data. According to Romney and Steinbart (2015), these resources utilize
five basic business transaction styles: “(a) revenue cycle, (b) expenditure
cycle, (c) production or conversion cycle, (d) human resources/payroll cycle
and (e) financing cycle” (p. 6-7). These cycles are inter-related with
the AIS because normal business transactions work together as a process for the
purpose of selling goods and services. Kay and Ovlia (2014) call this
relationship an “enterprise system” (p. 4). An enterprise system is
people working together within an organization to achieve specific goals.
Information is created through transactions (input). This information is
processed so that data becomes useful and that data is finally put into a
useable format (Kay &Ovlia, 2014).
inter-relationship of these processes has become known as Enterprise
Resource Planning(ERP). ERP coordinates each of the five
business transaction cycles into a single effort for achieving a goal.
This can be as simple as creating a paycheck in the human resources/payroll
process to as complex as the supply chain process of creating a product.
Accounting Information Systems ties all of these components together into a workable
week 1, we will explore the basics of AIS and how AIS works in a systems
approach to achieve goals. You will explore how technology works in
conjunction with created data to provide accurate reporting of this data and
how this data works within an organization’s system of internal controls.
The week 1 written assignment focuses on the top ten technology initiatives as
listed by the Information Technology Center web site for the American Institute
of Certified Public Accountants (infotech.aicpa.org). You will analyze
each of the technology initiatives and how they apply to practical examples in
business. You will incorporate scholarly research to the effectiveness of
each of these technologies.
click on the link below to access a PDF version of the textbook Powerpoint
Presentation for the weekly readings.
.next.ecollege.com/pub/content/7fb33a1d-18da-4fd8-870e-a65ac9e8f235/bodnar_ais11_ppt_01.pdf”>ACC622 Chapter 1
An organization is a regional distributor of widgets.
Widgets purchased for the organization originate from small suppliers, and
payment is made only with cash. To simplify operations, orders are only taken
from customers via its website, and delivery of widgets to customers are
handled by a third-party shipping company. All sales are done on account on a
net 30 basis and the simplicity of the operation allows the business to be
operated by a husband and wife team and no other employees. The wife handles the
website programming and all customer service activities (such as customer
questions and complaints requiring replacement widgets), and the husband
handles all other aspects of the operation (i.e., accounting functions and
collections of accounts receivables).
the information provided:
the major business processes used by the organization.
- What are
the most important business processes for the organization’s strategic
goals and objectives?
- Would the
business processes change if the organization added a new product and
2 AND 4 READING).
this week’s readings and lecture, discuss the purpose and components of an
effective internal control process. How
do the components of the internal control process assist management with
compliance of the Sarbanes-Oxley Act of 2002?
Compare and contrast the differences between preventive, detective, and
corrective internal controls in a modern business organization. Provide a practical example of each type of