Date

Chapter

Chapter 1 - Accounting Information Systems and the Accountant

RAT

No Chapter 1 RAT

Core Competencies

• Distinguish AIS terminology (4-13)
• Learn how IT influences accounting systems (13-20)
• Understand how financial reporting is changing with advances in IT (15)
• Understand how management monitors performance using dashboards and scorecards (17)
• Understand various assurance services provided by auditors (18-19)
• Be aware of new technologies used in accounting (9-13)
• Be familiar with career opportunities combining accounting and IT (20-23)

Key Figures

• 1.3
• 1.6
• 1.7

• 1.8
• 1.9
• 1.10

Date

Chapter

Chapter 8 - Introduction to Internal Control Systems

RAT

Tech Talk

Core Competencies -- material in this chapter is the central focus of Acct 320 and the basis of the client internal control memos

• Understand internal control systems and their components (240-44)
• Understand the importance of interprise-wide risk assessment and its connection to internal control (243)
• Be familiar with the roles played by COSO and Cobit in internal control systems (244-46)
• Understand the difference between preventive, detective, and corrective controls (246-49)
• Be able to evaluate and recommend control activites for internal control systems (249-57)

Key Figures

• PwC's Key Elements of Antifraud Programs and Controls (PDF file)
• 8.1
• 8.2

• PwC's Strategies for Meeting New Internal Control Reporting Challenges (PDF file)

Date

Chapter

Chapter 3 - Documenting Accounting Information Systems

RAT

February 12

Core Competencies

• Explain why AIS documentation is important (66-69)
• Be able to draw and explain simple document flowcharts (69-73)
• Be able to draw and explain simple process maps and data flow diagrams (77-84)
• Understand the importance of end-user documentation (89-91)

Key Figures

• 3.1
• 3.2
• 3.3
• 3.4
• 3.8

• 3.9
• 3.10
• 3.12
• 3.13
• 3.18

Date

Chapter

Chapter 4 - Accounting Information Systems and Business Processes: Part 1

RAT

Core Competencies

• Explain the steps in the financial accounting process (110)
• Describe the use of journals and ledgers in procesing accounting transactions (108-110)
• Understand the different coding schemes used by accounting information systems (110-112)
• Explain why accounting information systems planning starts with understanding the needed outputs (112-116)
• Understand the concept of business processes using Oracle E-Business Suite as an illustration of enterprise software
• Explain the inputs, processes, and outputs of the sales and purchasing business processes (116-128)
• Understand the impact of outsourcing on the internal controls for the sales and purchasing processes (128-129)

Key Figures

• 4.1
• 4.2
• 4.3
• 4.4
• 4.8

• 4.10
• 4.11
• 4.13
• 4.15

Date

Chapter

Chapter 5 - Accounting Information Systems and Business Processes: Part II

RAT

Core Competencies

• Explain the inputs, processes, and outputs of the HR, fixed asset, production, and financing business processes (140-155)
• Understand the accounting information needs of special types of organizations (156-161)

Key Figures

• 5.1
• 5.2
• 5.5
• 5.7
• 5.8

• 5.9
• 5.11
• 5.12
• 5.15

Date

Chapter

Chapter 9 - Computer Controls for Organizations and Accounting Information Systems

RAT

Core Competencies

• Be able to identify general controls for organizations and understand their role in corporate governance (268-279)
• Understand the importance of general IT controls and their impact for accounting systems design and implementation (280-285)
• Be familiar with general IT security issues for wireless networks and mobile technologies (281-284)
• Understand the importance of application controls and their impact on accounting systems (286-294)

Key Figures

• 9.3
• 9.4
• 9.9
• 9.13

Date

Chapter

Chapter 12 - Accounting on the Internet

RAT

Core Competencies

• Understand the role played by XBRL (379-382)
• Explain EDI and its importance to accounting information systems (387)
• Explain the difference between B2B and B2C e-commerce and understand the internal controls suitable to both (382-387)
• Describe the privacy and security issues associated with e-commerce (387-389)
• Understand how firewalls, proxy servers, encryption, and digital signatures enhance security in e-commerce systems (390-395)

Key Figures

• 12.3
• 12.4