Chapter 1 Accounting Information Systems and the Accountant

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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…show more content…
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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