Accounting Information System

Important Topics to Cover

Course Name: Accounting Information System

Anup Kumar Saha

Lecturer,

Department of Accounting and Information Systems

Jagannath University

www.anupsaha.co.cc

Chapter 01:

1. Explain what an accounting information system (AIS) is and describe the basic functions it performs.
2. Discuss why studying the design and management of an AIS is important.
3. Explain the role played by the AIS in a company’s value chain and discuss ways that the AIS can add value to a business.
4. Describe and contrast the basic strategies and strategic positions that a business can adopt.

Chapter 02:

1        Explain the three basic functions performed by an accounting information system (AIS).

2        Describe the documents and procedures used in an AIS to collect and process transaction data.

3        Discuss the types of information that can be provided by an AIS.

4        Describe the basic internal control objectives of an AIS and explain how they are accomplished.

Chapter 03:

1. Explain what e-business is and how it affects organizations.
2. Discuss methods for increasing the likelihood of success and for minimizing the potential risks associated with e-business.
3. Describe the networking and communications technologies that enable e-business.

Chapter 04:

1.    Explain the difference between database and file-based legacy systems.

2.    Describe what a relational database is and how it organizes data.

3.    Explain the difference between logical and physical views of a database.

4.    Create a set of well-structured tables to properly store data in a relational database.

Chapter 06:

1.    Prepare and use data flow diagrams to understand, evaluate and design information systems.

2.    Draw flowcharts to understand, evaluate and design information systems.

3.    Explain DFD, flowcharts, document flowchart, system flowchart and program flowchart.

Chapter 07:

1. Describe the threats to an AIS and discuss why these threats are growing.
2. Explain the basic concepts of control as applied to business organizations.
3. Describe the major elements in the control environment of a business organization.
4. Describe control policies and procedures commonly used in business organizations.
5. Evaluate a system of internal accounting control, identify its deficiencies, and prescribe modifications to remedy those deficiencies.
6. Conduct a cost-benefit analysis for particular threats, exposures, risks, and controls.

Chapter 11:

1. Describe the basic business activities and related data processing operations performed in the revenue cycle.
2. Discuss the key decisions that need to be made in the revenue cycle and identify the information needed to make those decisions.
3. Document your understanding of the revenue cycle.
4. Identify major threats in the revenue cycle and evaluate the adequacy of various control procedures for dealing with those threats.

Chapter 12:

1. Describe the basic business activities and related data processing operations performed in the expenditure cycle.
2. Discuss the key decisions to be made in the expenditure cycle, and identify the information needed to make those decisions.
3. Document an understanding of the expenditure cycle activities.
4. Identify major threats in the expenditure cycle, and evaluate the adequacy of various control procedures for dealing with those threats.

Chapter 15:

1. Describe the information processing operations required to update the general ledger and to produce other reports for internal and external users.
2. Identify the major threats in general ledger and reporting activities, and evaluate the adequacy of various internal control procedures for dealing with them.
3. Discuss and design a balanced scorecard for an organization.
4. Explain the relationship between online transaction processing systems and data warehouses used to support business intelligence.

Chapter 16:

1. Explain the five phases of the systems development life cycle.
2. Discuss the people involved in systems development and the roles they play. 
3. Explain the importance of systems development planning and describe planning techniques.
4. Discuss the various types of feasibility analysis, and calculate economic feasibility.
5. Explain why systems change triggers behavioral reactions, what form this resistance to change takes, and how to avoid or minimize the resulting problems.
6. Discuss the key issues and steps in systems analysis.