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Studying Accounting Information Systems

Studying Accounting Information Systems. Business Strategy. AIS Applications. IT Environment. Business Processes. . Transaction cycles, events and AIS dataDocumenting business processes and dataRisks and controls in business processes. . Part 1. Business Processes and AIS. Business ProcessesManner in which work is organized, coordinated, and focused to produce a valuable product or serviceConcrete work flows of material, information, and knowledgeSets of activities or eventsUnique ways to 9442

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Studying Accounting Information Systems

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    1. Studying Accounting Information Systems

    3. Business Processes and AIS Business Processes Manner in which work is organized, coordinated, and focused to produce a valuable product or service Concrete work flows of material, information, and knowledge Sets of activities or events Unique ways to coordinate work, information, and knowledge Ways in which management chooses to coordinate work Accountants are interested in Transaction Cycles Acquisition (purchasing) Conversion (transforming resources) Revenue (providing goods and services and collection)

    4. Cross-functional Business Processes: Order Fulfillment

    5. A Management Information System (MIS) related components that process data and transactions to provide the user with the information they need to plan, control and operate their businesses collect data and enter into IS process data (into information) store data/information for future use access to data/information -- retrieval and/or reports provide control to ensure accuracy and reliability AIS is a subset of MIS Management Information Systems

    6. The “S” word : System

    7. MIS is a Collection of Systems

    8. Scope of AIS AIS are not just systems for use by accountants Not just “accounting data” Impossible to separate accounting data so we will have a fairly general view

    9. ERPs Significant overlap in terms of data needs and some processes Enterprise Resource Management systems (ERPs)

    10. Uses of AIS Producing External Reports Investors, creditors, tax collectors, regulatory agencies, etc. Supporting Routine Activities Order taking, billing, collection, etc. Decision Support Help out with non-routine tasks with appropriate data/models Planning and Control Budgets, access to historical data, forecasting, datamining, etc. Implementing Internal Controls Policies, procedures and IS to protect assets and insure accuracy

    11. Accounting Applications/Software Application: computer programs used for particular purposes Forecasting, Tax preparation, …. AIS typically organized by transaction cycle Off the shelf vs. in-house development When you should you go off the shelf?

    12. Role of Accountants in AIS User Not just for routine but non-routine decision making process Part of development team Manager Understand business processes, accounting and technology (SOX!) Consultant Acquisition, design, installation and modification of AIS Evaluator Internal auditor (SOX), external auditors, “assurance services” (for external decision makers) Provider of Accounting and Tax Services

    13. Thinking about AMIS

    14. Using Technology to Change Span of Control

    15. Is the influence really one way?

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