1 / 24

Week 1a

Week 1a. ACTG 551. Accounting Information Systems Professor: Stacey Poli, CPA. Administrative – 1/2. Send me an email. Put ACTG551- Fall 2008 in the subject line. Send it from the email address you will rely on for class info Sign it Send it by Friday, October 3

colin-dickson
Télécharger la présentation

Week 1a

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Week 1a

  2. ACTG 551 Accounting Information Systems Professor: Stacey Poli, CPA

  3. Administrative – 1/2 • Send me an email. Put ACTG551- Fall 2008 in the subject line. • Send it from the email address you will rely on for class info • Sign it • Send it by Friday, October 3 • Some readings and updates will be e-mailed to you. • I will distribute in class in Week 2

  4. Administrative – 2/2 • My website content: • Most updated Syllabus • Reading material and cases (ID and Password required ) • Projects • Lecture Power Points (avail. week following lecture)

  5. Class Decisions • Break(s)? • 2 breaks for a total of approximately 30 minutes, leave at 9:20 • 1 break of about 10 minutes, leave at 9:00 And the winner is?

  6. What we will cover in this course • General place of AIS in accounting • Conceptual place of AIS • Functionality • Documentation techniques • Accounting cycle analysis • Risk assessments • Accounting controls • Models—COSO/COBIT and ERM based • Matrices • Sarbanes-Oxley Act of 2002 • ERP system implementations • Change management

  7. What we will not cover in this course • Accounting calculations (leave your calculators at home) • Information technology (this is not an IT course) • One correct answer for all questions (logic matters)

  8. Me My journey……

  9. What I hope you will take away • Why AIS are important to everyone • Ability to perform accounting cycle analysis, risk assessments and gap identifications • Effectively utilize internal control frameworks • Clearly communicate/document AIS • Provide value during a ERP system implementation • Consider change management issues

  10. Student Introductions • Name: • Relevant experience, if any: • What you want to walk away with from this class:

  11. AIS Group Assignment • Discussion

  12. What is an Accounting Information System (AIS) • Interrelated components that interact to: • Collect • Record • Store • Process What? Data Resulting in? Information

  13. Classifying Accounting Systems • Single Entry • Money, Quicken • Bookkeeping Systems (organized around A=L + OE) • Peachtree, Quickbooks • Multidimensional Accounting • GEAC’s SmartEnterprise, Solomon’s Solomon IV • Modular Integration • JBA Software’s System 21, Lawson’s Insight II Enterprise Suite • Single Source ERP • SAP, Oracle Financials, JD Edwards’, Microsoft Dynamics

  14. Information • An effective AIS results in useful and meaningful information for decision makers (external-shareholders/auditors & internal-management/BOD) • What makes it useful and meaningful?

  15. Useful—Relevant • Connected to business objectives • Logical, supportable thread from metrics to objectives • Meaningful for the purpose intended, valid • Predictive value (leading) • Training, investment in IT, advertising • Feedback value (lagging) • ROI, net income, productivity

  16. Useful—Reliable • Accurate for the purpose intended • Representational faithfulness • Verifiable • Neutral • meaning objective, but not purposeless • relieves us of the need to assess “values” of the data/information • Acknowledge inherent bias in any metric/measure

  17. Useful—Complete • Covers the time frame required or indicated • Entire population are included, even if located in different locations or systems

  18. Meaningful • Understandable • Avoid information overload • Match audience (numbers vs graphs vs charts) • Make industry specific if appropriate • Sort according to requirements • Verifiable • Can trace back to source document, preferably external • Evidence of approval (e.g. signature, electronic correspondence)

  19. Meaningful (cont) • Credible • What users value and trust • Assess and report on the accuracy of key sources • Institute a data-quality program for key data • Timeliness • Available within time required • Includes most current data • Accessibility • Physically • Cognitively

  20. Measurement issues • What to measure • How often • Measurement attributes • What to report • Abstractions • What basis for measuring? For whom? To meet what objective(s)?

  21. Lagging Indicators • Measures of output, end-process measures, record effects • Reflect past performance • Generally quantitative • Example: Quantity of toxic emission; last year’s percentage of on-time deliveries • Strength: Easy to quantify and understand, preferred by regulators and public—deterministic rather than probabilistic • Weakness: Time lag in feedback, ignore present activities

  22. Leading Indicators • In-process metrics of performance, proactive • Reflect current status/activities—for future performance • Quantitative or qualitative • Example: percent of facilities conducting self-audit; training of logistics managers • Strength: Represent current actions and future trends • Weakness: Harder to build support for use, harder to track to performance—probabilistic rather than deterministic

  23. Other AIS objectives • Provide adequate controls to mitigate risks • Integrate data to minimize duplication of effort and maximize efficiency

  24. Factorsinfluencing AIS design • Strategy • Information technology • Organizational culture • Societal demands • …what do we need to account FOR

More Related