Study sets matching "accounting information systems"

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Study sets matching "accounting information systems"

54 terms
Accounting Information Systems
Data
Information
AIS
Turnaround Documents
Facts that are collected, recorded, stored and processes
Processed data used in decision making
A system that collects, processes and stores accounting and o…
A paper-based document sent from an organisation to a custome…
Data
Facts that are collected, recorded, stored and processes
Information
Processed data used in decision making
110 terms
Accounting Information Systems Final
AIS threats
sabotage
cookies
fraud
Natural & political disasters... Software errors & equipment mal…
intent to destroy a system or some of its components
text file created by web site and stored on visitor's hard dr…
any and all means a person uses to gain an unfair advantage o…
AIS threats
Natural & political disasters... Software errors & equipment mal…
sabotage
intent to destroy a system or some of its components
24 terms
Accounting Information Systems Chapter 1
System
Goal conflict
Goal congruence
Data
1. two or more interrealted components that interact to achie…
occures when a subsystem is inconsistent with the goals of an…
achieved when a subsystem achieves its goals while contributi…
facts that are collected, recorded, stored, and processed by…
System
1. two or more interrealted components that interact to achie…
Goal conflict
occures when a subsystem is inconsistent with the goals of an…
Accounting Information Systems Chapter 7
Threat/Event
Exposure/Impact
Likelihood
Internal Controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass
The processes & procedures implemented to provide reasonable…
Threat/Event
Any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss should a particular threat become a…
23 terms
Accounting Information Systems chapter 1 &
Enterprise Resource Planning Systems
E-business
Internal Control
information system (IS) or management…
integrates business process functionality and information fro…
use of networks (the internet) to undertake business processes.
a system of integrated elements that provide reasonable assur…
is a manmade system that consists of an integrated set of com…
Enterprise Resource Planning Systems
integrates business process functionality and information fro…
E-business
use of networks (the internet) to undertake business processes.
Accounting Information Systems Chapter 6
Hacking
Hijacking
Botnet
Zombie
Unauthorized access, modification, or use of an electronic de…
Gaining control of someone else's computer to carry out illic…
A network of powerful & dangerous hijacked computers that are…
A hijacked computer, typically part of a botnet, that is used…
Hacking
Unauthorized access, modification, or use of an electronic de…
Hijacking
Gaining control of someone else's computer to carry out illic…
Accounting Information Systems - Chapter 2
Data Processing Cycle
Source Documents
Turnaround Documents
Source Data Automation
The operations performed on data to generate meaningful and r…
Contain the initial record of a transaction that takes place.…
records of company data sent to an external party and then re…
The collection of transaction data in machine readable form a…
Data Processing Cycle
The operations performed on data to generate meaningful and r…
Source Documents
Contain the initial record of a transaction that takes place.…
52 terms
Accounting Information Systems Chapter 13
Expenditure cycle
Primary objective of expenditure cycle
4 basic expenditure cycle activities
general threat for expenditure cycle
a recurring set of business activities and related informatio…
minimize the total cost of acquiring and maintaining inventor…
1. Ordering materials, supplies, and services 2. Receiving ma…
inaccurate or invalid master data
Expenditure cycle
a recurring set of business activities and related informatio…
Primary objective of expenditure cycle
minimize the total cost of acquiring and maintaining inventor…
Accounting Information Systems Chapter 14
Enterprise Level Controls
Security Policy
General Controls
Access to Computer Files
Those controls that affect the entire organization and influe…
A comprehensive plan that helps protect an enterprise from bo…
Protects the IT infrastructure, major components of the IT sy…
Involves controlling logical access to data and software
Enterprise Level Controls
Those controls that affect the entire organization and influe…
Security Policy
A comprehensive plan that helps protect an enterprise from bo…
Accounting Information Systems Chapter 2
Data processing cycle
Source documents
Turnaround documents
Source data automation
The four operations (data input, data storage, data processin…
Documents used to capture transaction data at its source - wh…
Records of company data sent to an external party and then re…
The collection of transaction data in machine-readable form a…
Data processing cycle
The four operations (data input, data storage, data processin…
Source documents
Documents used to capture transaction data at its source - wh…
52 terms
Accounting Information Systems Chapter 13
Expenditure cycle
Primary objective of expenditure cycle
4 basic expenditure cycle activities
general threat for expenditure cycle
a recurring set of business activities and related informatio…
minimize the total cost of acquiring and maintaining inventor…
1. Ordering materials, supplies, and services 2. Receiving ma…
inaccurate or invalid master data
Expenditure cycle
a recurring set of business activities and related informatio…
Primary objective of expenditure cycle
minimize the total cost of acquiring and maintaining inventor…
45 terms
Accounting Information Systems Chapter 12
Revenue cycle
Revenue cycle primary objective
4 Basic Revenue cycle Activities
1st general threat to revenue cycle
a recurring set of business activities and related informatio…
to provide the right product in the right place at the right…
1. Sales order entry 2. Shipping 3. Billing 4. Cash collections
inaccurate or invalid master file
Revenue cycle
a recurring set of business activities and related informatio…
Revenue cycle primary objective
to provide the right product in the right place at the right…
Accounting Information Systems Chapter 3
Documentation
Narrative description
Data flow diagram (DFD)
Data source
the narratives, flowcharts, diagrams, and other written mater…
written, step-by-step explanation of system components and ho…
A graphical description of the flow of data within an organiz…
The entity that produces or sends the data that is entered in…
Documentation
the narratives, flowcharts, diagrams, and other written mater…
Narrative description
written, step-by-step explanation of system components and ho…
Accounting Information Systems Chapter 12
Revenue Cycle
Basic Activities of the Revenue Cycle
Steps in the Sales Order Process
Steps in the Shipping Process
The recurring set of business activities & data processing op…
1. Sales Order Entry ... 2. Shipping ... 3. Billing ... 4. Cash Collec…
1. Taking the Customer's Order... 2. Checking & Approving Custom…
1. Picking & Packing the Order ... 2. Shipping the Order
Revenue Cycle
The recurring set of business activities & data processing op…
Basic Activities of the Revenue Cycle
1. Sales Order Entry ... 2. Shipping ... 3. Billing ... 4. Cash Collec…
Accounting Information Systems Chapter 9
Four Components of Protecting Confiden…
Information Rights Management (IRM)
Data Loss Prevention (DLP)
Digital Watermark
1. Identify & Classify Information ... 2. Encryption ... 3. Access…
Software that offers the capability not only to limited acces…
Software which works likes antivirus programs in reverse, blo…
Code embedded in documents that enables an organization to id…
Four Components of Protecting Confiden…
1. Identify & Classify Information ... 2. Encryption ... 3. Access…
Information Rights Management (IRM)
Software that offers the capability not only to limited acces…
Accounting Information Systems Chapter 8
Five Principles that Jointly Contribut…
Security
Confidentiality
Privacy
1. Security ... 2. Confidentiality ... 3. Privacy ... 4. Process Integ…
Access (both physical & logical) to the system & its data is…
Sensitive organizational information (e.g., marketing plans,…
Personal information about customers, employees, suppliers, o…
Five Principles that Jointly Contribut…
1. Security ... 2. Confidentiality ... 3. Privacy ... 4. Process Integ…
Security
Access (both physical & logical) to the system & its data is…
42 terms
Accounting Information Systems Chapter 10
Turnaround document
Field Check
Sign Check
Limit check
Records of company data sent to an external party then return…
An edit check in which the characters in a field are examined…
An edit check that verifies that the data in a field have the…
An edit check to ensure that a numerical amount in a record d…
Turnaround document
Records of company data sent to an external party then return…
Field Check
An edit check in which the characters in a field are examined…
45 terms
Accounting Information Systems Chapter 12
Revenue cycle
Revenue cycle primary objective
4 Basic Revenue cycle Activities
1st general threat to revenue cycle
a recurring set of business activities and related informatio…
to provide the right product in the right place at the right…
1. Sales order entry 2. Shipping 3. Billing 4. Cash collections
inaccurate or invalid master file
Revenue cycle
a recurring set of business activities and related informatio…
Revenue cycle primary objective
to provide the right product in the right place at the right…
Accounting Information Systems Chapter 10
Five Type of Input Controls
Eight Types of Data Entry Controls
Three Commonly Used Batch Tools
Two Types of Additional Online Data En…
1. Forms Design ... 2. Cancellation & Storage of Source Document…
1. Field Check ... 2. Sign Check ... 3. Limit Check ... 4. Range Check…
1. Financial Total ... 2. Hash Total ... 3. Record Count
1. Prompting ... 2. Closed-Loop Verification
Five Type of Input Controls
1. Forms Design ... 2. Cancellation & Storage of Source Document…
Eight Types of Data Entry Controls
1. Field Check ... 2. Sign Check ... 3. Limit Check ... 4. Range Check…
Accounting Information Systems Chapter 11
Auditing
Internal Auditing
Financial Audit
Information Systems (Internal Control)…
Objectively obtaining & evaluating evidence regarding asserti…
Assurance & consulting activity designed to add value, improv…
Examination of the reliability & integrity of financial trans…
Examination of the general & application controls of an IS to…
Auditing
Objectively obtaining & evaluating evidence regarding asserti…
Internal Auditing
Assurance & consulting activity designed to add value, improv…
43 terms
Accounting Information Systems - Test 1
Test 1
What does a system have?
Model Systems:
Define Information Systems
...
1. Interrelationship... 2. Integreation... 3. Organization... 4. Objec…
Closed: Process... Relatively Closed: Input >Process> Output... Ope…
It collects, stores, and controls data while providing inform…
Test 1
...
What does a system have?
1. Interrelationship... 2. Integreation... 3. Organization... 4. Objec…
59 terms
Introduction to Accounting Information Systems
accounting information system
analysis function
ANSI X.12
applications architecture
a collection of resources, such as people and equipment, desi…
focuses on identifying problems and projects for compute proc…
a widely recognized standard for EDI. This standard is slowly…
involves the process of ensuring the suite of organization's…
accounting information system
a collection of resources, such as people and equipment, desi…
analysis function
focuses on identifying problems and projects for compute proc…
Accounting Information Systems Chapter 5
Sabotage
Cookie
Fraud
Five Aspects That Must be Present for…
An intentional act where the intent is to destroy a system or…
A text file created by a website & stored on a visitor's hard…
Any and all mean a person uses to gain an unfair advantage ov…
1. A false statement, representation, or disclosure ... 2. A mat…
Sabotage
An intentional act where the intent is to destroy a system or…
Cookie
A text file created by a website & stored on a visitor's hard…
110 terms
Accounting Information Systems Final
AIS threats
sabotage
cookies
fraud
Natural & political disasters... Software errors & equipment mal…
intent to destroy a system or some of its components
text file created by web site and stored on visitor's hard dr…
any and all means a person uses to gain an unfair advantage o…
AIS threats
Natural & political disasters... Software errors & equipment mal…
sabotage
intent to destroy a system or some of its components
Accounting Information Systems Chapter 2
Data Processing Cycle
Source Documents
Turnaround Document
Three Facets of Business Activity Data…
The four operations (data input, data storage, data processin…
Documents used to capture transaction data at its source- whe…
Records of company data sent to an external party & then retu…
1. Each activity of interest... 2. The resource(s) affected by e…
Data Processing Cycle
The four operations (data input, data storage, data processin…
Source Documents
Documents used to capture transaction data at its source- whe…
41 terms
Accounting Information Systems- Systems Reliability
foundation of systems reliability is _…
SOC 1
SOC 2
SOC 3
security
Focus is on primarily on financial reporting
Focus is on systems reliability, and includes a description o…
A "seal" can be issued on the service organization's website…
foundation of systems reliability is _…
security
SOC 1
Focus is on primarily on financial reporting
24 terms
Accounting Information Systems Chapter 9
Information Rights Management (IRM)
Data Loss Prevention DLP)
Digital Watermark
Data masking
Software that offers capability not only to limit access to s…
Software which works like antivirus programs in reverse, bloc…
Code embedded in documents that enables an organization to id…
A program that protects privacy by replacing customers person…
Information Rights Management (IRM)
Software that offers capability not only to limit access to s…
Data Loss Prevention DLP)
Software which works like antivirus programs in reverse, bloc…
63 terms
Accounting Information Systems - Test 3
Internal control: Title #4
ERM (Enterprise Risk Management) Four…
Four objective components of setting u…
How to gauge control goals
Enhanced disclosure to talk about internal controls.
1. Board of directors... 2. Senior Management... 3. Audit Committee…
1. Strategic 2. Operations... 3. Reporting ... 4. Compliance
1. Efficiency - GMAT heavy, how much input you use... 2. Effecti…
Internal control: Title #4
Enhanced disclosure to talk about internal controls.
ERM (Enterprise Risk Management) Four…
1. Board of directors... 2. Senior Management... 3. Audit Committee…
Accounting Information Systems Chapter 8
Defense-in-Depth
Time-Base Models of Security
Social Engineering
Authentication
Employing multiple layers of controls to avoid a single point…
Implementing a combination of preventive, detective and corre…
Using deception to obtain unauthorized access to information…
Verifying the identity of the person or device attempting to…
Defense-in-Depth
Employing multiple layers of controls to avoid a single point…
Time-Base Models of Security
Implementing a combination of preventive, detective and corre…
110 terms
Accounting Information Systems Final
AIS threats
sabotage
cookies
fraud
Natural & political disasters... Software errors & equipment mal…
intent to destroy a system or some of its components
text file created by web site and stored on visitor's hard dr…
any and all means a person uses to gain an unfair advantage o…
AIS threats
Natural & political disasters... Software errors & equipment mal…
sabotage
intent to destroy a system or some of its components
Accounting Information Systems
Week 6 #1... Requirement of internal con…
Week 6 #2... Relation between Enterprise…
Week 6 #3... Types of controls (with ex…
Week 7 #1... SAP Structure
...
...
1. Pervasive controls: Segregation of duties... 2. (IT) general…
(System, client, chart of accounts, company code and business…
Week 6 #1... Requirement of internal con…
...
Week 6 #2... Relation between Enterprise…
...
41 terms
Accounting Information Systems
What is an accounting information syst…
What aspects does a simple information…
What is processing?
What are two different types of databa…
A system that records, processes, and reports both financial…
Input, processing, storage, and output.
Activities at the transaction level - CRUD (Create new record…
Hierarchical and relational.
What is an accounting information syst…
A system that records, processes, and reports both financial…
What aspects does a simple information…
Input, processing, storage, and output.
18 terms
Accounting Information Systems - Test 5
General Ledge Entry for:... Record Tax De…
General Ledge Entry for:... Establish Var…
General Ledge Entry for:... Distribute Pa…
General Ledge Entry for:... Accrue Employ…
D. Fit withholding Payable... D. Sit withholding Payable... D FITA…
D. Payroll Clearing... C. Accrued Payroll... C. Fit Withholding Pay…
D. Work In Process (direct labor)... D. Manufacturing Overhead (…
D. Manufacturing Overhead... D. General and Admin Expense... D. Sel…
General Ledge Entry for:... Record Tax De…
D. Fit withholding Payable... D. Sit withholding Payable... D FITA…
General Ledge Entry for:... Establish Var…
D. Payroll Clearing... C. Accrued Payroll... C. Fit Withholding Pay…
5 terms
Accounting Information Systems (AIS) Information
What is Accounting
What is Information Technology
Six elements compose the typical accou…
AIS Jobs:
The systematic and comprehensive recording of financial trans…
The study or use of systems
-People - the system users. ... -Procedure and Instructions -…
-Accountants-assist a company in developing its AIS... -Financia…
What is Accounting
The systematic and comprehensive recording of financial trans…
What is Information Technology
The study or use of systems
31 terms
Accounting Information Systems CH1
Enterprise Systems
Enterprise Resource Planning system (E…
Internal control
An advantage of a computer-based syste…
integrate the business processes and information from all of…
software packages that can be used for the core systems neces…
a process designed to provide reasonable assurance regarding…
a computer based system will be more efficient at producing f…
Enterprise Systems
integrate the business processes and information from all of…
Enterprise Resource Planning system (E…
software packages that can be used for the core systems neces…
22 terms
Accounting Information Systems Chapter 1 (ACCT 371)
accounting information system (AIS)
automate
business value
certified information technology profe…
a system that records, processes, and reports on transactions…
the use of technology to replace human labor in automating bu…
items, events, and interactions that determine the financial…
identifies accountants, CPAs, with a broad range of technolog…
accounting information system (AIS)
a system that records, processes, and reports on transactions…
automate
the use of technology to replace human labor in automating bu…
21 terms
Accounting Information Systems Chapter 4 (ACCT 371)
attributes
cloud computing
data dictionary
database
characteristics, properties, or adjectives that describe each…
internet based computing where shared resources, software, an…
describes the data fields in each database records such as fi…
a shared collection of logically related data for various uses
attributes
characteristics, properties, or adjectives that describe each…
cloud computing
internet based computing where shared resources, software, an…
25 terms
Accounting 2 - Chapter 6 Accounting Information Systems
Account
Accounting cycle
Adjusted trial balance
Business event
A place where the results of events affecting that item are r…
The time period between financial statements.
A trial balance done after adjusting entries have been made a…
An event that management wants to plan and evaluate.
Account
A place where the results of events affecting that item are r…
Accounting cycle
The time period between financial statements.
22 terms
Accounting Information Systems Chapter 5 (ACCT 371)
access controls
accounts receivable
agents
application controls
limit who can use and change records in the system
monies owed by customers for prior sales of goods or services
the people or organizations who participate in business event…
ensure data integrity and an audit trail
access controls
limit who can use and change records in the system
accounts receivable
monies owed by customers for prior sales of goods or services
14 terms
Accounting Information Systems Chapter 2 (ACCT 371)
activities
activity models
annotations
business analysis
represent specific steps in a business process
models that describe the sequence of workflow in a business p…
model elements that allow the modeler to add additional descr…
defining business requirements and evaluating improvements; a…
activities
represent specific steps in a business process
activity models
models that describe the sequence of workflow in a business p…
24 terms
Accounting Information Systems Chapter 6 (ACCT 371)
accounts payable
agents
cash
cash disbursements
amounts owed to suppliers for goods and services received; ca…
the people or organizations who participate in business event…
the organization's monies in bank or related accounts; the in…
record payments of cash to external agents (e.g. suppliers) a…
accounts payable
amounts owed to suppliers for goods and services received; ca…
agents
the people or organizations who participate in business event…
16 terms
Accounting Information Systems Chapter 3 (ACCT 371)
aggregation relationship
association
attributes
business rule
special purpose UML notation representing the relationship be…
UML symbol that depicts the relationship between two classes…
data elements that describe instances in a class, very much l…
succinct statement of constraints on business processes, they…
aggregation relationship
special purpose UML notation representing the relationship be…
association
UML symbol that depicts the relationship between two classes…
31 terms
Chapter 7: Accounting Information Systems
accounting information systems
accounts payable ledger
accounts receivable ledger
batch processing
people, records, and methods that collect and process data fr…
subsidiary ledger listing individual creditor (supplier) acco…
subsidiary ledger listing individual customer accounts
accumulating source documents for a period of time and then p…
accounting information systems
people, records, and methods that collect and process data fr…
accounts payable ledger
subsidiary ledger listing individual creditor (supplier) acco…
233 terms
Accounting Information Systems
Data
Information
Characteristics of Useful Information
Relevant
facts that are collected, recorded, stored, and processed by…
data that has been organized and processed to provide meaning…
1 Relevant... 2 Reliable... 3 Complete... 4 Timely... 5 Understandable... 6…
Reduces uncertainty, improves decision making, or confirms or…
Data
facts that are collected, recorded, stored, and processed by…
Information
data that has been organized and processed to provide meaning…
Accounting Information Systems Chapter 4
database
database management system (DBMS)
database administrator
data warehouse
a set of interrelated, centrally coordinated data files that…
the program that manages and controls the data and the interf…
the person responsible for coordinating, controlling, and man…
very large databases containing detailed and summarized data…
database
a set of interrelated, centrally coordinated data files that…
database management system (DBMS)
the program that manages and controls the data and the interf…
12 terms
Accounting Information Systems
system
system is composed of
management information system
accounting information system
set of interdependent elements forming an integrated whole th…
structure: composed of components or subsystems that are rela…
man-made system that generally consists of an integrated set…
specialized subsystem of the IS that collects, processes, and…
system
set of interdependent elements forming an integrated whole th…
system is composed of
structure: composed of components or subsystems that are rela…
22 terms
Accounting Information Systems Chapter 1
information technology (IT) auditors
certified information systems auditors…
penetration testing
predictive analytics professional
focus on the risks associated with computerized information s…
a certification given to professional information systems aud…
assessing the risks associated with a computerized system by…
uses a variety of skills and abilities ranging from statistic…
information technology (IT) auditors
focus on the risks associated with computerized information s…
certified information systems auditors…
a certification given to professional information systems aud…
44 terms
Accounting Information Systems
System
Data
Information
Information overload
A set of two or more interrelated components that interact to…
Are facts that are collected, recorded, stored, and processed…
Data that have organized and processed to provide meaning and…
Occurs when those limits are passed, resulting in a decline i…
System
A set of two or more interrelated components that interact to…
Data
Are facts that are collected, recorded, stored, and processed…
53 terms
Accounting Information Systems
enterprise
information system
silo operations
silo systems
an organization established to achieve a particular undertaki…
network of all communication channels used within an organiza…
division of enterprises into functional areas such that diffe…
separate information systems for each of the different functi…
enterprise
an organization established to achieve a particular undertaki…
information system
network of all communication channels used within an organiza…
accounting information systems
System
Goal conflict
Goal congruence
Systems Concept
a set of interrelated components, interacting to achieve a go…
the activity of a subsystems is not consistent with anthor su…
the subsystem's goals are in line with the organizations goals
encourages integration, minimizes duplication storing reporti…
System
a set of interrelated components, interacting to achieve a go…
Goal conflict
the activity of a subsystems is not consistent with anthor su…
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