EBA 2053 ACCOUNTING INFORMATION SYSTEM by Azrah Wasli https://padlet.com/ajerahwas/7k4uyr6rswt9 INDIVIDUAL ASSIGNMENT - AZRAH BINTI WASLI (60374) en-us 2019-03-06 16:06:52 UTC 2019-03-07 17:23:22 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/316686737/2a6a2ea74e51d78ac3c67e5f2a6fc41f/cactus_3.png Learning Unit 1 ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338472050 Distinguish between Accounting Information System (AIS) and Management Information System (MIS) .]]> 2019-03-06 16:37:42 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338472050 Accounting Information System (AIS) ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338475014 -  The process of financial transactions and non-financial transactions that directly affect the processing of financial transactions.
- For example, changes to customers' names and addresses are process by the AIS to keep the customer file current. Although not technically a financial transaction these changes provide vital information for processing future sales. ]]> 2019-03-06 16:42:35 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338475014 Management Information System (MIS) ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338477515 -  The process of non-financial transactions that are not normally processed by traditional Information Systems (IS).
- MIS manages the information systems for specialized functional areas such as production planning and control, sales forecasting, inventory warehouse planning, market research, and so on. 
]]> 2019-03-06 16:46:33 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338477515 Learning Unit 2 ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338484639 Computer based systems employ four types of files. Name them.]]> 2019-03-06 16:57:38 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338484639 4 types of computer-based systems' files : ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338490442 i. Master Files
ii. Transaction Files
iii. Reference Files
iv. Archive Files]]> 2019-03-06 17:07:06 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338490442 Learning Unit 4 ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338939244 What is the relationships between test of controls and substantive tests? ]]> 2019-03-07 16:20:38 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338939244 ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338940647 A test of controls is an audit procedure to test the effectiveness of a control used by a client entity to prevent or detect material misstatements. However, if the test reveals that controls are weak, the auditors will enhance their use of substantive testing, which usually increases the cost of an audit.]]> 2019-03-07 16:22:46 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338940647 Learning Unit 3 ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338949633 What are the three logical steps of the cash disbursement systems?]]> 2019-03-07 16:33:31 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338949633 3 logical steps of the cash disbursement systems : ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338950674 i) Identify liabilities due.
ii) Prepare cash disbursements.
iii) Update account payable record and post to general ledger,]]> 2019-03-07 16:35:20 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338950674 ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338960910 Test of controls-conducted for a sample of documents related to transactions that occurred throughout the year & provides evidence that the system of controls has operated in a reliable manner throughout the reporting period.]]> 2019-03-07 16:50:29 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338960910 ajerahwas https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338961030 Substantive testing-include confirmation of account balances with third parties, recalculating calculations made by the client, & observing transactions being performed.]]> 2019-03-07 16:50:47 UTC https://padlet.com/ajerahwas/7k4uyr6rswt9/wish/338961030