Accounting Information Systems
Model the cardinalities of the following business policies:
a. The relationship between the Sale and Receive Cash events for installment sales.
b. The relationship between the Sale and Receive Cash events at a convenien
Chapter 3 Notes
How do accountants use documentation?
At a minimum, they have to read documentation to understand how a
They may need to evaluate the strengths and weaknesses of an entitys
Requires heavy reliance on docume
Chapter 6 Notes
Fraud is any and all means a person uses to gain an unfair advantage over another
In most cases, to be considered fraudulent, an act must involve:
A false statement (oral or in writing)
About a material fact
Knowledge that the stat
Chapter 18 Notes
In the conceptual systems design phase, a general framework is created for
implementing user requirements and solving the problems identified in the
The three main steps are:
Evaluate design alternatives.
Chapter 17 Notes
Canned software is sold on the open market to a broad range of users with similar
Some companies sell hardware and software together as a package.
These systems are called turnkey systems.
Many are written by vendors who
Chapter 13 Notes (Parts 2)
IT can help improve efficiency and effectiveness of purchasing function.
The major cost driver is the number of purchase orders processed. Time
and cost can be cut here by:
Using EDI to transmit purchase orders.
Chapter 16 Notes
The five stages in the systems development life cycle are:
Implementation and conversion
Operation and maintenance
As organizations grow and change, they may need more or better info
Chapter 7 Notes
Some vocabulary terms for this chapter:
A threat is any potential adverse occurrence or unwanted event that could
injure the AIS or the organization.
The exposure or impact of the threat is the potential dollar loss that would
occur if t
Chapter 10 Notes
Reliable systems satisfy five principles:
Phone conversations have also been affected by technology.
The use of voice-over-the-Internet (VoIP) technology means
Chapter 12 Notes
The revenue cycle is a recurring set of business activities and related information
processing operations associated with:
Providing goods and services to customers
Collecting their cash payments
The primary external exchange of informati
Chapter 12 Notes (Part 2)
Customers pay according to each invoice.
Two copies of the invoice are typically sent to the customer.
Customer is asked to return one copy with payment.
This copy is a turnaround document called a remitt
Chapter 13 Notes
The three basic activities performed in the expenditure cycle are:
Ordering goods, supplies, and services.
Receiving and storing these items.
Paying for these items.
These activities mirror the activities in the revenue cycle.