week 2 - acc5130_CH3_Fal10_2slides

week 2 - acc5130_CH3_Fal10_2slides - 9/8/2010 Accounting...

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9/8/2010 1 Accounting Systems: Design and Control Chapter 3 Ms. Pam J. Schmidt PhD Candidate Dept. of Accounting School of Business Administration General Ledger: Chart of Accounts Coding Scheme to track all accounts Nature of the account (3) First digit – Major account on financial statements Second digit - subaccount Third digit – specific account Three segments to the account number: Nature of the account (3) Dept. (2) Location (2)
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9/8/2010 2 Chapter 3: Learning Objectives Prepare and use data flow diagrams (DFD Prepare and use data flow diagrams (DFD) Prepare and use flowcharts … to understand, evaluate, and design information systems. How do accountants use AIS documentation? 1. Read documentation to understand how a system works. 2. Evaluate the strengths and weaknesses of an entity’s internal controls, relying on documentation 3. Read to determine if a proposed system meets the needs of its users. 4 Prepare documentation to 4. Prepare documentation to: Describe how a proposed system would work Demonstrate their understanding of internal controls
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9/8/2010 3 Technical Foundation for the AIS AIS Relational DataBase Management System (DBMS) Computer Infrastructure Commonalities: Understand business activitie Understand business activities Observe operations Interview managers and users Review work outputs Develop documentation for the system Flowcharts System diagrams (DFD, REA, etc.) Narratives Document your work
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9/8/2010 4 General Ledgers - Functions Maintain account structure Journal entries Corrections that cannot be conveniently made elsewhere Adjusting entries, such as accrual of wages
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This note was uploaded on 01/28/2011 for the course ACC 5130 taught by Professor Schmidt during the Fall '10 term at Wayne State University.

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week 2 - acc5130_CH3_Fal10_2slides - 9/8/2010 Accounting...

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