Accounting Information Systems
Solutions
Accounting Information Systems
This chapter discusses both fraud and non-fraudulent losses in the AP/CD process. Describe any losses you have encountered in your personal bill paying process. Did you change any aspect of your bill paying process after the loss(es) you encountered?
To determine: The losses encountered by Person X in his online bill paying process.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
The following are the losses encountered by Person X in his online bill paying process:
- Payment to the wrong recipient
- Missing payments
- Duplicate or multiple payments to the single recipient
- Overdrawing the checking account
Checking the ...
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