Chapter 1 Accounting Information Systems and the Accountant

14769 Words Apr 23rd, 2013 60 Pages
Chapter 1 Accounting Information Systems and the Accountant

INTRODUCTION WHAT ARE ACCOUNTING INFORMATION SYSTEMS?
Accounting Information Systems—A Definition Accounting Information Systems and Their Role in Organizations

CASE ANALYSES
The Annual Report Universal Concrete Products Ross, Sells, and Young, LLP

REFERENCES AND RECOMMENDED READINGS ANSWERS TO TEST YOURSELF

WHAT’S NEW IN ACCOUNTING INFORMATION SYSTEMS?
Suspicious Activity Reporting Countering Terrorism Corporate Scandals and Accounting The Sarbanes-Oxley and Patriot Acts

ACCOUNTING AND IT
Financial Accounting Managerial Accounting Auditing Taxation

CAREERS IN ACCOUNTING INFORMATION SYSTEMS
Traditional Accounting Systems Consulting Information Technology Auditing and Security
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But because we cannot define

CHAPTER 1 / Accounting Information Systems and the Accountant

5

Accounting

Accounting Information Systems

Information Systems

FIGURE 1-1 Accounting information systems exists at the intersection of two important disciplines: (1) accounting and (2) information systems.

an AIS by its size; it is better to define it by what it does. This latter approach leads us to the following definition that we will use as a model in this book: Definition: An accounting information system is a collection of data and processing procedures that creates needed information for its users. Let us examine in greater detail what this definition really means. For our discussion, we’ll examine each of the words in the term ‘‘accounting information systems’’ separately.

Accounting. You probably have a pretty good understanding of accounting subjects because you have already taken one or more courses in the area. Thus, you know that the accounting field includes financial accounting, managerial accounting, and taxation. Accounting information systems are used in all these areas—for example, to perform tasks in such areas as payroll, accounts receivable, accounts payable, inventory, and
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