A337 Accounting Information Systems

What we will do today Introduce the course and ourselves Go over the syllabus Digress into a discussion of IUPUI and You Have a brief introduction into accounting information systems

What is a system? Name some examples of systems… What do these examples have in common?

SocioTechnical System (STS)

Then, what is an information system? Storage Data about the business or an event Processing Retrieval Decision making

What are we going to study in this course? Documentation - how to describe a system and its characteristics. Control - How do we design accounting systems to minimize the likelihood of errors and/or fraud Databases - How do we use data? How does the system handle the data? How are databases structured?

Study of the AIS is Fundamental to Accounting In Statement of Financial Accounting Concepts No. 2, FASB defined accounting as being an information system. It also said that the primary objective of accounting is to provide information useful to decision makers. CITP – A New Specialty Designation for CPAs CITP Others – CISM, CISA (ISACA)

What are we going to do this term? Learn how to diagram a system (flowcharts, DFDs, and ERDs) Learn about control issues important to accountants Learn about how accounting “works” (particularly in today’s technological environment) Learn about database structures (with attention to accounting issues)

Syllabus - materials Class notes Will be available on Oncourse NEED TO BRING SOME WITH YOU TO CLASS Systems Understanding Aid/Dynamics GP bundle Consider http://ittraining.iu.edu

Schedule - the way things work Regular updates/modifications to they syllabus will be on ONCOURSE YOU ARE RESPONSIBLE FOR THESE

Syllabus

Exams Exam 1 System development and principles Diagramming accounting systems Exam 2 Database management issues Control issues and fraud

Systems Understanding Aid Available at the bookstore DO NOT buy a used one. They are always missing things. Due date and further information

Lab/Projects Microsoft Dynamics GP Microsoft Access Microsoft Excel

Quizzes and Participation Some "pop" quizzes. Some announced Some in small teams and/or to provide answers to "thought questions“

Attendance/Participation Attendance in class is highly recommended! You are responsible for information discussed in class Attendance for VIDEO presentations. (You must be there!)

So I don’t forget Next week, we will be working on documenting accounting systems. Suggestions Bring five or so colored pencils or highlighters to class. Also print out and bring the notes for these classes.