Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
35 Cards in this Set
- Front
- Back
accounting information system(AIS)
|
is a collection of resources designed to transform data into information.
|
|
Whoare the two main usersofaccounting information?
|
Externalusers
Internalusersts |
|
information system
|
suggests the use of information technology in an organization.
|
|
Information Systems
|
|
|
Management Information System
|
|
|
The fundamental benefits of IT are:
|
|
|
Applications Architecture
|
involves the process of ensuring the suite of organization’s applications work together as a composite application according to the goals and objectives of the organization.
ex: SCM: MRP, MRP II, CIM, FMS. ERP and ERP II (Collaborative commerce)Enterprise Application Suite (EAS) |
|
11Basic Business Processes
|
|
|
BusinessProcess Reference Models
|
|
|
TransactionProcessing Cycles
|
1.Revenue cycle
2.Expenditure cycle 3.Production cycle 4.Finance Cycle |
|
InternalControl Process
|
|
|
Segregationof Duties:
|
Noindividual or department shouldcontrolthe accounting recordsrelatingto its own operation
|
|
InternalAuditing:
|
It isan independent appraisalactivitywithin the organization.
|
|
End-usercomputing (EUC)
|
is the hands-on use of computers by end users. Functionalend users do their owninformationprocessing activities.
|
|
Quick-ResponseTechnology
|
Quick-responsesystems are essentialtothe total quality performance(TQP)movement in business.
Hardwareand software standardization Electronic data interchange (EDI) Universalproduct code (UPC) RadioFrequency Identification (RFID) |
|
LeanManufacturing
|
is ageneral class of production improvement principlesthat are based on theToyota Production System (TPS). mainfocus in lean manufacturing is eliminatingwaste and improving thesmoothness of the production flow.
|
|
WebCommerce
|
|
|
XBRL
|
is a language that facilitates theexchange over the Internet of financial statements.
|
|
ElectronicPayment Systems
|
areelectronicpayment systems in whichprocessingand communication areprimarilyor totally electronic.
Bankscan interface withcorporateEDI applications. |
|
TheAccountant andSystems Development
|
Accountantsmay undertake systemsdevelopmentactivities eitherinternallyor externally.
Systemsdevelopment activities areoftenencountered by internal andexternalauditors during reviewsofinformation systems controls. |
|
SystemsDevelopment Project:
|
Systemsanalysis
Systemsdesign Systemsimplementation |
|
Whatare the general objectivesofsystems analysis?
|
Toimprove the quality of information Toimprove internal control
Tominimize cost, where appropriate |
|
Systemsdesign
|
is the process of specifying the details of the solution selected by the systems analysis process.
|
|
Systemsimplementation
|
is the process of placing the revised or newly designed procedures and methods into operations.
Testingthe solution prior to implementation Documentingthe solution Reviewingthe system |
|
systems approach
|
|
|
Whatare the six steps of thesystemsapproach process?
|
|
|
BehavioralConsiderations
|
|
|
user-orienteddesign
|
fosters a set of attitudes and an approach to systems development that consciously considers the organizational context.
|
|
What are the two basic components of an auditing engagement?
|
1. The interim audit
Compliance testing 2. The financialstatement audit Substantive testing |
|
Internal Control Evaluation
|
Auditorsare typically concerned with theflowof processing and distribution ofdocumentswithin an application system.
Auditorsuse charts to analyze thedistributionof documents in a system. |
|
Compliance Testing
|
requires an understandingof the controls that are to betested.
must have a basic understandingof systems techniques. input-process-output (IPO)– hierarchy plusinput-process-output (HIPO)– logical data flow diagrams (DFD) |
|
Working Papers
|
These are the records kept by anauditorof the procedures and testsapplied, theinformation obtained, andconclusionsdrawn during an audit engagement.
Required by professional standards |
|
Whatare some of the systems techniquesusedby auditors to document and analyzethecontent of working papers?on.",
|
–internal control questionnaires
–analytic flowcharts –system flowcharts –branching and decision tables |
|
Whatare the three phases of asystemsdevelopment project?
|
1.Systems analysis
2.Systems design 3.Systems implementation |
|
Systems techniques examples:
|
Interviewing
Observations Document reviews Matrix |