https://padlet.com/TINGENGENG/n65d7xrlbytz Accounting Information System en-us 2018-03-18 07:35:28 UTC 2023-03-28 10:58:11 UTC hello@padlet.com TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243151196 An information systems framework:
-]]> 2018-03-18 07:37:10 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243151196 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243152057 By learning information systems framework,accountant is able to know the transactions processed by the information system which are financial transaction and nonfinancial transactions. Accountants are able to differentiate either the events are under financial or nonfinancial transactions. Accountants are able to carry out the financial portfolio management system well.]]> 2018-03-18 07:51:31 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243152057 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243155068 By learning accounting information system, accountants are able to ensure the accuracy in firm's financial transaction to higher level and recordkeeping. Accountants are able to know that how to keep data intact and secure.]]> 2018-03-18 08:35:31 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243155068 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243160778 AIS subsystems:
1. Transaction processing system (TPS) 
2. General Ledger/ financial reporting system
3. Management reporting system
By understanding accounting information subsystem, accountants are able to convert economic events into financial transactions and record it in accounting form, update general ledger accounts and handle discretionary as well as non-discretionary reporting.]]> 2018-03-18 09:39:59 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243160778 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243177382 Organized Structure and AIS:
Functional Segmentation
(Materials management, production, marketing, distribution, personnel and finance).
By clearly understanding about functional segmentation, accountants can know more about the flow of resources through the firm.

]]> 2018-03-18 12:18:03 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243177382 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243181621 A general model for AIS:
]]> 2018-03-18 13:00:36 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243181621 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243189298 Information Technology
Accountants are able to identify the weakness and advantage of centralized data processing and distributed data processing, system development (commercial software& custom software) and maintenance( maybe trivial or significance), database administration, network administration, outsourcing the IT function (cloud computing). Thus, accountants are able to know that using what type of data processing is more benefit in a situation.]]> 2018-03-18 14:01:37 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243189298 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243193124 Accountants performs audit that involving AIS. Accountants perform audits which typically involve the AIS. External audit is an independent attestation and opinion (audit report) regarding financial statement presentation. Prior to SOX, accounting firms were permitted to provide both advisory and attest services to clients. ]]> 2018-03-18 14:32:36 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243193124 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243200280 By understanding overview of transaction processing, accountants can get information for financial reporting, internal management reporting and the support of day-to-day operations. Accountants are able to deal with large volume of financial transactions efficiently. ]]> 2018-03-18 15:18:49 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243200280 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243208362 By understanding transaction processing clearly, there are two methods to record accounting which are manual and computer-based systems. From ancient, accountants are able to record traditionally documents, journals and ledgers. By having accounting information system, accountants know the relationship between master file, transaction file, reference file and archive file. Accountants will know both hard copy and digital documents form an audit trail.]]> 2018-03-18 16:17:44 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243208362 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243804167 The Flat-file Model:
- data storage
- data-updating
- currency of information
Accounting function needs customer sales data organized by account number and structured to show outstanding balance. This is used for customer billing, AR maintenance and financial statement preparation.]]> 2018-03-20 00:42:44 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243804167 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243806601 The Database Model:
Through database management system and control software, the traditional problem associated with flat-file system can be eliminated.]]> 2018-03-20 01:04:25 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243806601 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243807137 Documentation Techniques:
In old time, written description of a system is wordy and difficult to follow. Accountants use system documentation routinely and should master the ability to document systems in graphic form. There are five basic documentation techniques which are data flow diagrams, entity relationship diagrams, system flowcharts, program flowcharts and record layout diagrams.]]> 2018-03-20 01:10:21 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243807137 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243809351 Data coding system helps to save time in recording. Accountants can be more convenient in preparation of parts lists, catalogs, bills of materials and mailing information as having code system. Accountants can identify the transaction easily.]]> 2018-03-20 01:23:05 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243809351 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243811091 By understanding ethics, accountants can know how to address ethic issue and thus can make sure the security and privacy of company profile. Accountants are able to address what action is right or wrong.]]> 2018-03-20 01:32:32 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243811091 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243947975 Type of fraud:
- management fraud
- employee fraud
Accountant will know the bad effect of fraud and thus avoid it.]]> 2018-03-20 12:04:11 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243947975 TINGENGENG https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243971073  The internal control system consists of policies, practices and procedures to achieve four broad objectives:
 • Safeguard assets
• Ensure accuracy and reliability
.• Promote efficiency
 • Measure compliance ]]> 2018-03-20 12:49:37 UTC https://padlet.com/TINGENGENG/n65d7xrlbytz/wish/243971073