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ACG 3401 (1)
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Lecture 1

ACG 3401 Lecture 1: AIS

6 Pages
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Department
Accounting
Course Code
ACG 3401
Professor
Wheeler

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Chapter 1: Introduction 15:13
Why Use AIS?
1. Users
2. System Designers(consulting)
3. Auditing
SarbOx requires internal control report with financial statements
External evaluation by auditors of internal control
Key Themes
1. Enterprise Systems
a. Internal to company
b. Automation
c. Integration(all major company processes must be tied into
information systems)
2. E-business
a. E-business is external to the Enterprise systems
3. Internal Control
a. Procedures used by a company to achieve it’s objectives
b. SAS78 Integrated IC is the framework
c. ERM model
d. COBIT
AIS Multiple Sources
Structured(relational
data base
Big Data
Varied unstructured and
structures
2 AIS Models
1. Operations and Management
Operations: Business and day to day transactions (Transaction Processing
Systems)
Management: Help management with decision support(Decision Support
Systems)
2.Input Process Output Model
Data Application Information
Example
Journal Entries GAAP Financial Systems
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find more resources at oneclass.com
Two Roles of Information Systems
Operation
Sales/Returns/Receivables
Inventory
Salaries Payable
Depreciation expense
Accounts Payable
Management
Variance Analysis
Budgeting
Investing(Equipment, Stock) Gains
Financing(Debt, Equity) Stocks and
Bonds
Balanced Scorecard(Finance,
Internal, Learning, Customer
Satisfaction)
----
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Description
Chapter 1: Introduction 15:13 Why Use AIS? 1. Users 2. System Designers(consulting) 3. Auditing SarbOx requires internal control report with financial statements External evaluation by auditors of internal control Key Themes 1. Enterprise Systems a. Internal to company b. Automation c. Integration(all major company processes must be tied into information systems) 2. E-business a. E-business is external to the Enterprise systems 3. Internal Control a. Procedures used by a company to achieve it’s objectives b. SAS78 Integrated IC is the framework c. ERM model d. COBIT AIS Multiple Sources Big Data Structured(relational Varied unstructured and data base structures 2 AIS Models 1. Operations and Management Operations: Business and day to day transactions (Transaction Processing Systems) Management: Help management with decision support(Decision Support Systems) 2.Input Process Output Model Data Application Information Example Journal Entries GAAP Financial Systems Two Roles of Information Systems Operation Management  Sales/Returns/Receivables  Variance Analysis  Inventory  Budgeting  Salaries Payable  Investing(Equipment, Stock) Gains  Depreciation expense  Financing(Debt, Equity) Stocks and  Accounts Payable Bonds  Balanced Scorecard(Finance, Internal, Learning, Customer Satisfaction) ---- Chapter 2: Enterprise Systems 15:13 Enterprise systems have evolved over the years. Compared to today, all databases are integrated into one giant database instead of just several individual one. This
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