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Chapter 1

Chapter 1. Role and Purpose of Accounting Information Systems. Outline. Objectives Definition of accounting information systems FASB Conceptual Framework Typical AIS structure Information competence Textbook structure. Definition of AIS. Interrelationships Collection & processing

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Chapter 1

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  1. Chapter 1 Role and Purpose of Accounting Information Systems

  2. Outline • Objectives • Definition of accounting information systems • FASB Conceptual Framework • Typical AIS structure • Information competence • Textbook structure

  3. Definition of AIS • Interrelationships • Collection & processing • Reporting • Decision makers

  4. FASB Conceptual Framework • Components • Objectives • Elements • Assumptions, principles and constraints

  5. FASB Conceptual Framework • Objectives • Multiple • Decision making • Elements • Balance sheet • Income statement • Other: comprehensive income

  6. FASB Conceptual Framework • Qualitative • Primary • Relevance • Reliability • Secondary • Comparability • Consistency

  7. FASB Conceptual Framework • Assumptions • Economic entity • Going concern • Periodicity • Monetary unit

  8. FASB Conceptual Framework • Principles • Historical cost • Realization • Matching • Full disclosure

  9. FASB Conceptual Framework • Constraints • Cost • Materiality • Conservatism • Industry practices

  10. Inputs Processes Outputs Storage Internal controls Typical AIS structure

  11. Information competence • Non-deterministic • Some answers are clearly incorrect • Research • Therefore, accountants must be able to evaluate information

  12. What is Information competence? • Find • Evaluate • Use • Communicate information

  13. Information competence • Types of information • Sponsored / commercial • Popular / practitioner • Scholarly

  14. How Should Information be Evaluated? • Criteria • Authority • Accuracy • Objectivity • Currency • Coverage

  15. Part One: Introduction and Basic Concepts Nature and purpose of AIS Transaction processing Professionalism and ethics Internal control Part Two: Systems Documentation and Information Technology Flowcharting Data flow diagramming and database design Information technology tools Textbook structure

  16. Part Three: Business Processes Sales / collection Acquisition / payment Other Human resources Conversion Financing Part Four: Current Topics Application service providers Professional certifications Event-driven systems Computer crime and IT security XBRL Decision-making models and knowledge management E-business and ERP systems Auditing and evaluating the AIS Textbook structure

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