INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS. Accounting — An Information Process Accounting — An Information Process Identification of Users.

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Presentation transcript:

INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS

Accounting — An Information Process Accounting — An Information Process Identification of Users

User Information Needs Accounting — An Information Process Accounting — An Information Process Identification of Users

Identification of Users User Information Needs Accounting System Accounting — An Information Process Accounting — An Information Process

Identification of Users User Information Needs Accounting System Economic Data and Activities Accounting — An Information Process Accounting — An Information Process

Identification of Users User Information Needs Accounting System Economic Data and Activities Reports Accounting — An Information Process Accounting — An Information Process

Identification of Users User Information Needs Accounting System Reports Economic Data and Activities User Decisions Accounting — An Information Process Accounting — An Information Process

EXTERNAL USERS Financial Accounting investors creditors regulators customers competitors Users of Accounting Information

EXTERNAL USERS Financial Accounting investors creditors regulators customers competitors owners managers employees INTERNAL USERS Managerial Accounting Users of Accounting Information

Business Process & Accounting Information System Events Transaction Cycles Activities that happen at a particular point in time Group related events that typically occur in a particular sequence An Acquisition (Purchasing) Cycle A Conversion Cycle A Revenue Cycle

USES OF ACCOUNTING INFORMATION SYSTEMS Accounting Information Systems Producing External (Special) Reports investorscreditorsTax collectors Regulatory agencies others Supporting Routine Activities Decision Support Planning And Control Implementing Internal Control Taking customer Orders Delivering goods and services Billing customers Collecting cash others Which products are selling well ? Which customers are doing the most buying ? others Budget Standard Costs Revenues Expenses others policies procedures Maintain accurate financial data Access data Error Check others