ACG 630 Accounting Information System Advanced Accounting II
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Wednesday, 4 November 2015

ACG 630 Accounting Information System Advanced Accounting II


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 Unit1 - Discussion Board
·         Deliverable Length:  See assignment details
·         Description: 
The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.


At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.
The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.
Employers of both accounting and IS personnel often rank “analytical reasoning” and “writing” skills on the same priority as technical skills, and some rank them even higher. Said one recruiter at the school of one author: “I can train new employees to use our computer systems and perform the majority of the technical tasks we will require of them. What I cannot train them to do is to think analytically or logically. And what I refuse to do is to teach them to speak and write clearly and effectively—skills they should have learned in high school.” Another recruiter said it slightly differently: “Give me a technically-competent accounting or IS student who can perform AIS tasks well, and I will pay them X dollars. Give me a student who can explain to my clients how our services can solve their business problems and I will pay them 2X dollars.”
Conduct a preliminary search and:
o    Discuss some of the other attributes beyond analytical thinking and writing skills that many employers value.
o    Why must we have knowledge of computerized or traditional system's objectives to study that system?
o    Do roles that accountants play differ in traditional systems from their roles in computerized systems? Please discuss.
In your own words, post a substantive response to the Discussion Board question(s) and comment on other postings. Your response should address the DB question(s) and move the conversation forward. You will be graded on the quality of your postings, including mastery of the concept as well as critical thinking. If asked for your opinion, do not simply state that it is a good or bad idea; elaborate on your reasons and argument. Include enough detail to substantiate your thinking as well as your position on the questions or comments.
Grading Criteria
Basic response to the DB question.   
50%
Additional research supporting the initial answer to the DB question.
30%
Comments which serve to further the discussion, apply real-world examples, or lend to enhancing the clarity of the concepts.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Summarize the primary information flows within the business environment, and evaluate the relationship between traditional accounting records and their magnetic equivalents in computer-based systems
                        Go To Assignment Details
 Unit1 - Individual Project
·         Type: Individual Project
·         Deliverable Length:  1–2 pages
·         Description: 
The public accounting profession is quite competitive and it is through the effective use of technology that one can maintain a competitive edge. For example, an auditor can usually complete an audit engagement in less time--and be surer of his/her findings--than he/she would be without using technology in his/her audit. This will permit the auditor to charge less for his/her work and to obtain more clients. And, if his/her findings can be supported, he/she will be less likely to experience legal ramifications (from the SEC, from stockholders, and so on).
o    Discuss some other changes you think will occur in the way financial information is gathered, processed, and communicated as a result of increasingly sophisticated IT.
o    Discuss several career opportunities available to students who combine a study of accounting with course work in AISs, information systems, and/or computer science. Can you think of other jobs where these skill sets would be desirable?
o    "When we computerize an AIS, we merely change how the data is processed; we don't change what tasks are performed." Do you agree? Give examples to support your position.
Grading Criteria
Analyze the given situation in the IP.  
50%
Additional research supporting the initial answer to the IP.
30%
Justified ideas and responses by using appropriate examples and references from texts, Web sites, and other references or personal experience.
20%
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Summarize the primary information flows within the business environment, and evaluate the relationship between traditional accounting records and their magnetic equivalents in computer-based systems
 Unit 2: Internal Control Structure
·         Description: 
o    Internal Control Structure
§  Purpose of Internal Control
§  Administrative Internal Controls
§  Accounting Internal Controls
§  Technology & Internal Controls
§  Foreign Corrupt Practices Act of 1977
§  Sarbanes-Oxley Act of 2002
§  SOX section 302
§  SOX section 404
§  Certification of the financial statements
§  Purpose of Security policy
§  Implementation of security policy
§  Problems associated with security policy
§  SOX requirement auditing internal controls
§  Internal Auditors role in the internal controls
§  Separate Audit Opinions
·         Reading Assignments: 
Simkin& Strand: Chapters 9 & 10
NOTE: Your text for this course will also be used in ACCT680 and ACCT685. Please keep your text to use in these courses.
·         Go To Learning Materials
 Unit2 - Discussion Board
·         Type: Discussion Board
·         Due Date: Sun, 07/05/15
·         Points Possible: 50
·         Deliverable Length:  See assignment details
·         Description: 
The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.
At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.
The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.
The Committee of Sponsoring Organizations (COSO) was established by the Treadway Commission to work on a common definition for internal control. The Control Objectives for Information and Related Technology (COBIT) was a project undertaken by the Information Systems Audit and Control Foundation that involved an extensive examination of the internal control area.
Conduct a preliminary search and:
o    Discuss why these two committees are so important.
o    Discuss components of internal control system. In your opinion, which component is the most important and why?
o    Why are accountants so concerned about their organization having an efficient and effective internal control system?
In your own words, post a substantive response to the Discussion Board question(s) and comment on other postings. Your response should address the DB question(s) and move the conversation forward. You will be graded on the quality of your postings, including mastery of the concept as well as critical thinking. If asked for your opinion, do not simply state that it is a good or bad idea; elaborate on your reasons and argument. Include enough detail to substantiate your thinking as well as your position on the questions or comments.
Grading Criteria
Basic response to the DB question.
50%
Additional research supporting the initial answer to the DB question.
30%
Comments which serve to further the discussion, apply real-world examples, or lend to enhancing the clarity of the concepts.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Evaluate and prepare various types of data flow diagrams, and analyze the implications of computer technology on the internal control structure and auditing procedures
                        Go To Assignment Details
 Unit2 - Individual Project
·         Type: Individual Project
·         Due Date: Sun, 07/05/15
·         Points Possible: 125
·         Deliverable Length:  1–2 pages
·         Description: 
Accountants can use data flow diagrams (DFDs) to depict the physical flows of data through an AIS (like document flowcharts), or the logical flow of data through an AIS (like system flowcharts). Like document or system flowcharts, their main objective is to document data flows in an orderly, graphic, and easily-understood format. But DFDs use fewer symbols than either document or system flowcharts, and do not require columns (like document flowcharts).
o    Discuss how a document flowchart assists each of the following individuals:
§  A systems analyst.
§  A systems designer.
§  A computer programmer.
§  An auditor.
§  A data security expert.
o    Flowcharting is both an art and a science. Guidelines can be used to make better flowcharts. What are these guidelines for document, system, and data flow diagram flowcharts?
o    What are the four symbols used in data flow diagrams? What does each mean?
o    Discuss why data flow diagrams are developed in a hierarchy? What are the names of some levels in the hierarchy?
Grading Criteria
Analyzed the givens situation in the IP.
50%
Additional research supporting the initial answer to the IP.
30%
Justified ideas and responses by using appropriate examples and references from texts, Web sites, and other references or personal experience.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Evaluate and prepare various types of data flow diagrams, and analyze the implications of computer technology on the internal control structure and auditing procedures
                        Go To Assignment Details
 Unit 3: Batch and Real-Time Processing
·         Description: 
o    Batch and Real-Time Processing
§  Data Flow Diagrams (DFDs)
§  Four basic symbols for DFDs
§  Pros of Flowcharts
§  Cons of Flowcharts
§  Purpose of Batch Processing
§  Advantages of Batch Processing
§  Disadvantages of Batch Processing
§  Large versus small batch processing
§  Purpose of real-time processing
§  Advantages of real-time processing
§  Disadvantages of real-time processing
§  Data-Access Controls
§  Recording of data
§  Editing Data
§  Verifying Data
§  Summaries of data
§  Output Information
§  Output communicated promptly
§  Examples of output
§  Data storage either manual or electronic format
§  Batch totals
§  Source documents divided into batches
§  Hash totals
·         Reading Assignments: 
Simkin& Strand: Chapter 11
NOTE: Your text for this course will also be used in ACCT680 and ACCT685. Please keep your text to use in these courses.
·         Go To Learning Materials
 Unit3 - Discussion Board
·         Type: Discussion Board
·         Due Date: Sun, 07/26/15
·         Points Possible: 50
·         Deliverable Length:  See assignment details
·         Description: 
The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.
At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.
The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.
A financial transaction is an economic event that affects the assets and equities of the firm, is reflected in its accounts, and is measured in monetary terms. Financial transactions are common, repetitive events that involve external parties (customers or suppliers) or internal events (depreciation, use of materials, etc.). Similar transactions are grouped into cycles.
Conduct a preliminary search and:
o    Discuss the key activities in the revenue, conversion, and expenditure cycles.
o    What does an entity-relationship diagram represent? Why do accountants need to understand them?
o    There are two subsystems to the revenue cycle. Discuss what are they and what occurs within each.
In your own words, post a substantive response to the Discussion Board question(s) and comment on other postings. Your response should address the DB question(s) and move the conversation forward. You will be graded on the quality of your postings, including mastery of the concept as well as critical thinking. If asked for your opinion, do not simply state that it is a good or bad idea; elaborate on your reasons and argument. Include enough detail to substantiate your thinking as well as your position on the questions or comments.
Please submit your assignment.
Grading Criteria
Basic response to the DB question.
50%
Additional research to supporting the initial answer to the DB question.
30%
Comments that serve to further the discussion, apply real-world examples, or lend to enhancing the clarity of the concepts.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Identify and analyze the differences between batch and real-time processing and the impact of these technologies on transaction processing
                        Go To Assignment Details
 Unit3 - Individual Project
·         Type: Individual Project
·         Due Date: Sun, 07/26/15
·         Points Possible: 150
·         Deliverable Length:  2–3 pages
·         Description: 
Batch processing occurs when similar transactions are accumulated over time and processed together. Real time processing captures each event or transaction and processes it before engaging in another transaction. If transactions are independent of one another, such as the processing of daily cash receipts, then batch processing is appropriate. If transactions are dependent on one another, such as credit sales, ticket sales, etc., then real time processing is more appropriate.
o    Time lag is one characteristic used to distinguish between batch and real-time systems. Explain. Give an example of when each is a realistic choice.
o    Resource use is one characteristic used to distinguish between batch and real-time systems. Explain.
o    Discuss how batch processing may be used to improve operational efficiency.
o    If an organization processes large numbers of transactions that use common data records, what type of system would work best (all else being equal)?
Please submit your assignment.
Grading Criteria
Analyzed the given situation in the IP.
50%
Additional research supporting the initial answer to the IP.
30%
Justified ideas and responses by using appropriate examples and references from texts, Web sites, and other references or personal experience.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Identify and analyze the differences between batch and real-time processing and the impact of these technologies on transaction processing
                        Go To Assignment Details
 Unit 4: ERP System Implementation
·         Description: 
o    ERP System Implementation
§  Enterprise Resource Planning (ERP)
§  Purpose of ERP
§  Evolution of ERP from MRP
§  Inputs to the Production Process
§  Objectives of the Financing Process
§  Lock-box systems
§  Electronic Funds transfer (EFT)
§  Inputs and outputs of the financing process
§  The systems configuration
§  Centralized database
§  Application interfaces
§  Internal portals
§  Risks of ERP
§  Benefits of ERP
§  Costs of Training
§  Data Conversion
§  Reengineering
§  Top management involvement with implementation
§  Issues involved with implementing ERP systems
§  Training of employees
·         Reading Assignments: 
Simkin& Strand: Chapter 5
NOTE: Your text for this course will also be used in ACCT680 and ACCT685. Please keep your text to use in these courses.
·         Go To Learning Materials
 Unit4 - Discussion Board
·         Type: Discussion Board
·         Due Date: Sun, 08/09/15
·         Points Possible: 50
·         Deliverable Length:  See assignment details
·         Description: 
The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.
At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.
The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.
Conduct a preliminary search and:
o    Discuss why an organization must expect the implementation of an ERP to disrupt operations.
o    Scalability has several dimensions. What are they? What do they mean for ERP installation?
o    Distinguish between the two-tier and three-tier client server model. Describe when each would be used?
In your own words, post a substantive response to the Discussion Board question(s) and comment on other postings. Your response should address the DB question(s) and move the conversation forward. You will be graded on the quality of your postings, including mastery of the concept as well as critical thinking. If asked for your opinion, do not simply state that it is a good or bad idea; elaborate on your reasons and argument. Include enough detail to substantiate your thinking as well as your position on the questions or comments.
Grading Criteria
Basic response to the DB question.
50%
Additional research supporting the initial answer to the DB question.
30%
Comments that serve to further the discussion, apply real-world examples, or lend to enhancing the clarity of the concepts.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         List the general functionality and key elements of ERP systems, and understand the key considerations and risks associated with ERP implementation
                        Go To Assignment Details
 Unit4 - Group Project
·         Type: Group Project
·         Due Date: Sun, 08/09/15
·         Points Possible: 200
·         Deliverable Length:  1–2 pages (individual); 1–2 pages (group)
·         Description: 
At the beginning of the 21st century, as businesses prepared for Y2K, companies were implementing a new computer system which was Enterprise Resource Planning (ERP). The company where you work wants to implement an ERP system, however, part of management wants to implement it using the “big-bang” approach and the other part of management wants to use the “phased-in” approach. Evaluate the benefits and risk using both approaches.
Individual Portion:
o    ERP implementations are at risk to extensive cost overruns. Discuss three of the more commonly experienced problems area.
o    Describe four advantages and four disadvantages of implementing an ERP system at a multinational corporation.
o    Why might a firm decide to implement only certain modules in an ERP system rather than a complete implementation?
Please add your file.
Group Portion:
ERP brings together all the functions of a company using one software program. When the “big-bang” approach is used, this is when the old system is shut down and the new ERP system is up and running, like going cold turkey. The “phased-in” approach is when only parts of the ERP system is implemented and when that part is up and running then the next part will be phased in.
As a group, complete the following:
o    After the core of an ERP system has been implemented, any of the modules may then be implemented separately. What is the implication of being able to implement an ERP system on a piece-by-piece basis?
o    Describe how an enterprise system can assist an organization in optimizing its value system.
o    Consider a business process that you have experienced at work, as a customer, or as a student. Examples might include any process in a work setting such as payroll and purchasing, or any process with which you have interacted, such as ordering from a Web site, obtaining a loan, eating at a restaurant, or registering for classes at your college or university. Describe the degree to which the steps in the process are integrated. What is/was the impact of that integration on you and on the organization?
Please add your file.
Grading Criteria
Analyzed the given situation in the GP.
50%
Additional research supporting the initial answer to the GP.
30%
Justified ideas and responses by using appropriate examples and references from texts, Web sites, and other references or personal experience.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
Unit 4 Course Materials
·         Objectives:
·         List the general functionality and key elements of ERP systems, and understand the key considerations and risks associated with ERP implementation
                        Go To Assignment Details
 Unit 5: The REA Approach
·         Description: 
o    The REA Approach
§  Traditional accounting information system
§  Monetary and nonmonetary information
§  Database using REA
§  Identify Business Events
§  Identify Economic Events
§  Identify Entities
§  Agents
§  Resources
§  Identify Relationships among Entities
§  Direct relationship
§  Links between agents and resources
§  Create Entity-Relationship diagram
§  Identify Attributes of Entities
§  Organizing database records
§  Hierarchical Structures
§  Network Structures
§  Relational Structures
§  Relational database
§  Relationship table
§  Creating Database Tables and Records
·         Reading Assignments: 
Simkin& Strand: Chapter 13
NOTE: Your text for this course will also be used in ACCT680 and ACCT685. Please keep your text to use in these courses.
·         Go To Learning Materials
 Unit5 - Discussion Board
·         Type: Discussion Board
·         Due Date: Sun, 08/23/15
·         Points Possible: 50
·         Deliverable Length:  See assignment details
·         Description: 
The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.
At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.
The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.
You are a staff accountant at a large firm and are assigned to work with the IT department to update the current systems throughout the organization. An accounting intern is assigned to help with the project. The intern wants to document the current processes using a REA diagram.
Conduct a preliminary search and:
o    According to the above scenario, how do you explain to the intern why REA diagram is not appropriate?
o    Discuss the four rules for designing an REA diagram? Include a definition for each.
o    Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development.
In your own words, post a substantive response to the Discussion Board question(s) and comment on other postings. Your response should address the DB question(s) and move the conversation forward. You will be graded on the quality of your postings, including mastery of the concept as well as critical thinking. If asked for your opinion, do not simply state that it is a good or bad idea; elaborate on your reasons and argument. Include enough detail to substantiate your thinking as well as your position on the questions or comments.
Grading Criteria
Basic response to the DB question.
50%
Additional research supporting the initial answer to the DB question.
30%
Comments which serve to further the discussion, apply real-world examples, or lend to enhancing the clarity of the concepts.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Explain the benefits of adopting an REA approach to information systems compared to a traditional approach
                        Go To Assignment Details
 Unit5 - Individual Project
·         Type: Individual Project
·         Due Date: Sun, 08/23/15
·         Points Possible: 150
·         Deliverable Length:  10–12 pages
·         Description: 
Select a publicly traded company using the U.S. Securities and Exchange Commission (SEC) EDGAR System at http://sec.gov/edgar/searchedgar/companysearch.html and submit to the instructor for approval. Please note that each student must research a different company. Once the instructor has approved the company selection, obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company for the immediate past fiscal year. Review these documents in addition other financial information available on the company’s Investor Relations Web site to evaluate the following items.
Internal Controls
o    Review the report of the independent registered public accounting firm on internal controls. Explain components of the report that meet the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the PCAOB.
o    Explain management’s responsibility relative to internal controls and maintaining the integrity of the accounting information systems.
o    Discuss the implications of computer technology on the internal control structure and auditing procedures. Develop data flow diagrams and accounting cycle flow charts that illustrate the relationship between information systems and the accounting process.
o    Describe at least two audit tests and procedures designed specifically to assess control risks and the integrity of internal controls over accounting information systems.
Accounting Information System
o    Summarize the primary information flows within the business environment and evaluate the relationship between traditional accounting records and their magnetic equivalents in computer-based systems.
o    Explain and analyze the differences between batch and real-time processing and the impact of these technologies on transaction processing.
Prepare a 10-12 page research paper (excluding title page, abstract, references page, and appendices) in APA format that presents the findings of your analysis of the company’s SEC filings. Your paper should also discuss the following:
o    Explain of the benefits of adopting an REA approach to information systems compared to a traditional approach.
o    Discuss the general functionality and key elements of ERP systems and understand of the key considerations and risks associated with ERP implementation.
o    Explain the Internal control system, its role in a business and its significance in the auditing process.
o    Discuss the use of computer assisted auditing techniques within GAAS, PCAOB, and COSO requirements for audits of publicly traded companies.
In addition to the SEC Forms, a minimum of five (5) peer-reviewed academic or professional references must be used in the paper.
This assignment will also be assessed using the Common Assessment criteria provided here.
Please submit your assignment.
Grading Criteria
Analyzed the given situation in the IP. 
50%
Additional research supporting the initial answer to the IP.
30%
Justified ideas and responses by using appropriate examples and references from texts, Web sites, and other references or personal experience.
20%
For assistance with your assignment, please use your text, Web resources, and all course materials.
·         Objectives:
·         Explain the benefits of adopting an REA approach to information systems compared to a traditional approach
                        ACG630 ACG 630 Accounting Information System Advanced Accounting II
                       
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