Accounting Information Systems 14th Edition Romney Test Bank

Product details:

• ISBN-10 ‏ : ‎ 0134474023
• ISBN-13 ‏ : ‎ 978-0134474021
• Author: Marshall B. Romney

Accounting Information Systems, 14th Edition covers all of the most recent updates in AIS, including how developments in IT affect business processes and controls, the effect of recent regulatory developments on the design and operation of accounting systems, and how accountants can use the AIS to add value to an organization. Not only will readers see how AIS has changed the role of an accountant, but they’ll also be prepared for a successful accounting career in public practice, industry, or government.

Table contents:

Chapter 1 Accounting Information Systems and the Accountant 1

1.1 Introduction: Why Study Accounting Information Systems? 1

1.2 Careers in Accounting Information Systems 2

Traditional Accounting Career Opportunities 2

Systems Consulting 2

Fraud Examiner or Forensic Accountant 3

Information Technology Auditing and Security 4

Predictive Analytics 5

1.3 Accounting and IT 6

Financial Accounting 6

Managerial Accounting 9

Auditing 12

Taxation 14

1.4 What are Accounting Information Systems? 14

Accounting Information Systems 14

The Role of Accounting Information Systems in Organizations 18

1.5 What’s New in Accounting Information Systems? 19

Cloud Computing—Impact for Accountants 19

Corporate Responsibility Reporting 20

Suspicious Activity Reporting 21

Forensic Accounting, Governmental Accountants, and Terrorism 22

Corporate Scandals and Accounting 22

Chapter 2 Accounting on the Internet 32

2.1 Introduction 32

2.2 The Internet and World Wide Web 33

Internet Addresses and Software 33

Intranets and Extranets 34

The World Wide Web, HTML, and IDEA 35

Groupware, Electronic Conferencing, and Blogs 35

Social Media and its Value to Accountants 36

2.3 XBRL—Financial Reporting on the Internet 37

XBRL Instance Documents and Taxonomies 38

The Benefits and Drawbacks of XBRL 38

The Current Status of XBRL 40

2.4 Electronic Business 41

e-Accounting 41

Retail Sales 42

E-Payments, E-Wallets, and Virtual Currencies 43

B2C, B2B, and C2C E-Commerce 46

Electronic Data Interchange 47

Cloud Computing 48

2.5 Privacy and Security on the Internet 51

Identity Theft and Privacy 51

Security 53

Spam, Phishing, Spoofing, and Ransomware 53

Firewalls, Intrusion Detection Systems, Value-Added Networks, and Proxy Servers 54

Data Encryption 57

Digital Signatures and Digital Time Stamping 58

Chapter 3 Information Technology and AISs 69

3.1 Introduction 69

3.2 The Importance of Information Technology to Accountants 70

Six Reasons 70

The Top 10 Information Technologies 71

3.3 Input, Processing, and Output Devices 72

Input Devices 72

Central Processing Units 78

Output Devices 80

3.4 Secondary Storage Devices 81

Magnetic (Hard) Disks 82

CD-ROMs, DVDs, and Blu-Ray Discs 83

Flash Memory 84

Image Processing and Record Management Systems 84

3.5 Data Communications and Networks 85

Communication Channels and Protocols 85

Local and Wide Area Networks 86

Client/Server Computing 89

Wireless Data Communications 90

Cloud Computing 93

3.6 Computer Software 93

Operating Systems 93

Application Software 94

Programming Languages 95

Chapter 4 Accounting and Data Analytics 109

4.1 Introduction 109

4.2 Big Data 110

Volume 110

Velocity 110

Variety 111

Veracity 112

4.3 Analyzing Data 112

Data Procurement 113

Data Provisioning 115

Data Analysis 116

Presentation 117

4.4 Enabling Technologies and Tools 118

Data Access 118

Analysis and Data Visualization Tools 121

4.5 Data Analytics and the Accounting Profession 123

Tax Accounting 123

Managerial Accounting 124

Assurance and Compliance 125

Chapter 5 Integrated Accounting and Enterprise Software 134

5.1 Introduction 134

5.2 Integrated Accounting Software 135

Small Business Accounting Software 136

Mid-Range and Large-Scale Accounting Software 138

Specialized Accounting Information Systems 138

5.3 Enterprise-Wide Information Systems 139

Enterprise System Functionality 140

The Architecture of Enterprise Systems 142

Business Processes and ERP Systems 145

Benefits and Risks of Enterprise Systems 145

5.4 Selecting a Software Package 149

When is a New AIS Needed? 149

Selecting the Right Software 149

Chapter 6 Introduction to Internal Control Systems and Risk Management 163

6.1 Introduction 163

Definition of Internal Control 164

Internal Control Systems 165

6.2 COSO Internal Control—Integrated Framework 165

2013 COSO Report 165

6.3 Enterprise Risk Management 169

COSO ERM Introduction 169

2004 ERM Framework 169

2017 ERM Framework 171

Risk Governance and Culture 172

Risk, Strategy, and Objective Setting 173

Risk in Execution 174

Risk Information, Communication, and Reporting 174

Monitoring Enterprise Risk Management Performance 175

6.4 Examples of Control Activities 175

Good Audit Trail 175

Sound Personnel Policies and Procedures 175

Separation of Duties 177

Physical Protection of Assets 179

6.5 Monitoring Internal Control Systems 183

Reviews of Operating Performance 183

COSO Guidance on Monitoring 183

Operating Performance vs. Monitoring 183

COBIT 5 184

6.6 Types of Controls 186

Preventive Controls 186

Detective Controls 187

Corrective Controls 187

Discerning Between Preventive, Detective, and Corrective Controls 187

6.7 Evaluating Controls 188

Requirements of the Sarbanes–Oxley Act 188

Cost–Benefit Analysis 188

A Risk Matrix 190

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