accounting information system - 2794 Words

Chapter 1 Accounting Information Systems and the Accountant True-False Questions 1. The acronym AIS stands for â€Å"Accounting Information Standards.† 2. Accounting information systems must be computerized to be effective. 3. It is best to view an AIS as an accounting system that must be computerized. 4. AISs often create information that is useful to non-accountants. 5. In order to be useful, raw accounting data must be processed by a computer. 6. The path that data follow in an AIS, for example from manual source document to completed output report, is called an audit trail. 7. A companys audit trail is normally easier to follow under a manual data processing system compared to a computerized information processing system. 8.†¦show more content†¦37. As used in Chapter 1, a dashboard is an up-to-the-minute graphic depiction of one or more business activities. 38. The purpose of the assurance services of an accounting firm is to give a company’s managers moral support when they are audited by the federal or state government. 39. The purpose of CPA Trust Services is to provide assurance that a company engaged in electronic commerce can provide the goods or services it promises. 40. An example of a value-added reseller (VAR) is a computer dealer that adds software to the hardware it sells. 41. Some possible career opportunities for AIS majors or minors include consulting positions, computerized auditing, or system computer auditing positions. 42. Accountants are usually classified as â€Å"line workers† within business organizations. 43. Todays AIS is an enterprise-wide information system that focuses on interdepartmental business processes. 44. Managerial accounting principally provides decision making information to a companys internal managers. 45. As a result of computerized information processing systems in many organizations today, the need for accountants in these organizations has significantly declined. 46. Activity-based costing systems focus on allocating overhead on the basis of direct labor hours used. 47. Because accountants are not normally computer programmers working within the information processing subsystem, it is unnecessary for them to understand the capabilities andShow MoreRelatedAccounting Information System1811 Words   |  8 PagesDiscussion I. I. Accounting information system is a combination of collecting, recording, storing, and processing data of a business. The advancement of technology initiates business firms to seek for new innovations that would greatly help in business functions. As what Dillon and Kruck (2004) had explained, â€Å"at the start of the 21st century, business organizations are facing an explosion of global competition and innovation and facilitating this explosion is the increasing ability of organizationsRead MoreQuestions On Accounting Information Systems2346 Words   |  10 PagesACC539-201560 ACCOUNTING INFORMATION SYSTEMS – ASSIGNMENT 1 The abovementioned has been arranged in two parts on the same document, first Question 1 then Question 2 follows below that: QUESTION 1: Question 1: explanation of how implementation of cloud accounting information system in an organisation relates to corporate straegy and value chain. Risks and benefits are explored. Introduction We seek to investigate how the implementation of a cloud accounting information system relates to anRead MoreAccounting Information System3639 Words   |  15 PagesExecutive Summary Accounting information system is an extremely important role in the enterprise management. As technology advances, the system software is constantly improving, constantly enhance the function of the system, thus improving the efficiency of enterprise management. Accounting information system network and multi-function trend is more obvious, how is the fastest way to management to provide the latest information to help decision-makers analysis, forecasting, decision-making, improveRead MoreAccounting Information Systems7237 Words   |  29 PagesOne As accounting students we have studied a variety of accounting areas involving financial and taxes. The accounting information course appears to be a course that heads in a different direction then what we as students have become accustomed to. Speaking for myself I have always been drawn to the accounting field because it is a black and white area. In other words, there it is organized and has right and wrong answers, this leaving out the gray areas between right and wrong. Accounting informationRead MoreThe Implementation Of Accounting Information Systems1037 Words   |  5 Pagesthe implementation of accounting information systems, accounting and corporate accounting management environment has undergone great changes, internal control mechanisms and instruments manual accounting system was not available for the network environment, the establishment of information systems and accounting internal control system adapted to become enterprises need to solve the problems. In the 1990s, with the development of global economic integration and information technology. Internet,Read MoreAccounting Information System (Ais) - a Conceptual Study1986 Words   |  8 PagesISSN:-2230-7850 Research Papers ACCOUNTING INFORMATION SYSTEM (AIS) - A Conceptual Study Dr.Rambabu Gopisetti Assistant Professor, Department of Commerce, Telangana University, Dichpally, Nizamabad, A.P. 503322 G.Srinivas Academic Consultant, Department of Commerce, Telangana University, Nizamabad, A.P. ABSTRACT Managerial decision making normally relies upon an effective information system. At present many firms are using accounting software to prepare accounting reports very quick, perfectlyRead MoreThe Adoption Of Cloud Based Accounting Information System1784 Words   |  8 Pagesreport is to critically analyze the adoption of cloud based accounting information system (AIS) in business organizations and also its challenges and benefits of cloud based environment. Cloud accounting (SAASU 2014, para 3) is also called ‘online accounting’, which provides the same service as accounting software and data is securely stored on servers known as the cloud. According to Emma Watkins (Demand Media 2014, para 1), â€Å"cloud accounting is the use of computer hardware and software applicationsRead MoreThe Adoption Of Cloud Based Accounting Information System2021 Words   |  9 Pagesreport is to critically analyze the adoption of cloud based accounting information system (AIS) in busin ess organizations and also its challenges and benefits of cloud based environment. Cloud accounting (SAASU 20124, para 3) is also called ‘online accounting’, which provides the same service as accounting software and data is securely stored on servers as known as the cloud. According to Emma Watkins (Demand Media 2014, para 1), â€Å"cloud accounting is the use of computer hardware and software applicationsRead MoreAccounting Information System 53570 Words   |  15 Pages1450-223X Issue 4 (2009), pp36-44  © EuroJournals Publishing, Inc. 2009 http://www.eurojournals.com/ajsr.htm Accounting Information Systems (AIS) and Knowledge Management: A Case Study Zulkarnain Muhamad Sori Department of Accounting and Finance, Faculty of Economics and Management Universiti Putra Malaysia Abstract This study seeks to examine the use of Accounting Information Systems (AIS) by ZBMS Sdn. Bhd., and it’s contribution to the knowledge management and strategic role of the organisationRead MorePayroll Fraud And Accounting Information Systems1391 Words   |  6 Pages Payroll Fraud and Accounting Information Systems Stephanie Ace and Nisha Selvam Payroll systems have evolved tremendously as software and computerized systems have spread throughout the workplace. While this has alleviated some of the hassle involved with processing payroll, it has also opened up a world of potential issues. Oftentimes, systems that appear both effective and efficient can become vulnerable if placed in the hands of dishonest employees or employers