https://padlet.com/badrie8/conuje5m21d9 Lu1 &Lu2 Short Reflection (Mohammad Badri bin Kamil 56665) en-us 2018-03-21 13:37:50 UTC 2018-03-21 15:05:21 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Manbag.png badrie8 https://padlet.com/badrie8/conuje5m21d9/wish/244518086 In business, information are really important to the organization activities day by day.   In the organizations middle management will responsible to short-term planning and for long-term planning the top management are responsible for it. In flow of the information the top management need the performance information form operation personnel. For operation personnel they need the budget information and instruction from the top management.

]]> 2018-03-21 13:43:42 UTC https://padlet.com/badrie8/conuje5m21d9/wish/244518086 badrie8 https://padlet.com/badrie8/conuje5m21d9/wish/244519121 In information system there are two type of transaction which is the first type is financial transaction, affect the assets and equities of the organization and the second type is non-financial transaction which is opposite to the first type.  In transaction processing there are 3 important cycles in every business which is expenditure cycle, the conversion cycle and revenue cycle.  Expenditure cycle is time lag between components due to credit relationship with suppliers. During conversion cycle hold the production system and the cost accounting system.  Last cycle which is revenue cycle is the time lag between components due to credit relationship with customers.


]]> 2018-03-21 13:45:27 UTC https://padlet.com/badrie8/conuje5m21d9/wish/244519121 badrie8 https://padlet.com/badrie8/conuje5m21d9/wish/244520114 As for Accounting Information System(AIS), it divided to 3 subjection which is Transaction processing system(TPS), General Ledger/Financial reporting System (GL/FRS) and management reporting system(MRS).  The user of this information then divided into 2 group which is external user people outside the organization that use I for their own purposes and the internal users which is people in the organization that use the information to archive the organization goal.

]]> 2018-03-21 13:47:07 UTC https://padlet.com/badrie8/conuje5m21d9/wish/244520114 badrie8 https://padlet.com/badrie8/conuje5m21d9/wish/244522485 In AIS the first operational stage is data collection, then data processing and lastly the organization’s database is physical repository for financial and non-financial data.  Not all information is useful, so to know the information useful or no it must relevance, timelines, accuracy, completeness and summarization.  For the information, the organization can choose to centralized data processing, distributed data processing or combination of both.



]]> 2018-03-21 13:51:11 UTC https://padlet.com/badrie8/conuje5m21d9/wish/244522485 badrie8 https://padlet.com/badrie8/conuje5m21d9/wish/244524725 In AIS accountants are responsible to specifying rules, reporting requirements and internal control objectives. When accountants perform audit also they need to involve AIS since financial statement presentation requires auditors to test internal controls and performance substantive tests of data.  For accounting firms that provide service like book keeping, financial information systems design, investment banking services, internal audit outsourcing and more to the clients they need to fulfil the requirement by SOX.  Accountant also use AIS to make internal auditing within the organization to detect the fraud in the organization.  Example of fraud in the organization is corruption, skimming, cash larceny, billing schemes, check tampering, payroll fraud, expense reimbursement fraud, thefts of cash, non-cash misappropriation and computer fraud.

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