Prepared by Coby Harmon University of California, Santa Barbara Westmont College Chapter 2-1 Foundational Concepts of the AIS Chapter 2-2 Accounting Information Systems, 2nd Edition Study Objectives 1. The interrelationships of business processes and the AIS 2. Types of accounting information systems 3. Client-server computing 4. Cloud computing 5. Accounting software market segments 6. Input methods used in business processes 7. The processing of accounting data 8. Outputs from the AIS related to business processes 9. Documenting processes and systems 10. Ethical considerations at the foundation of accounting information systems Chapter 2-3 Business Processes and the AIS Accounting Information System - a system that captures, records, processes, and reports accounting information. Business Process - a prescribed sequence of work steps completed in order to produce a desired result. Chapter 2-4 SO 1 The interrelationships of business processes and the AIS Business Processes and the AIS Exhibit 2-1 Overall View of Transactions, Processes, and Resulting Reports Chapter 2-5 SO 1 The interrelationships of business processes and the AIS Business Processes and the AIS Question 1. Which of the following statements is not true? a. Accounting information systems must maintain both detail and summary information. b. Business processes may vary from company to company. c. Regardless of the extent of computerization, all accounting information systems must capture data from the transactions within business processes. d. Business processes categorized as expenditure processes are not intended to be processes that serve customers. Chapter 2-6 SO 1 The interrelationships of business processes and the AIS Types of Accounting Information Systems Three categories of AIS: 1. Manual systems 2. Legacy systems 3. Modern, integrated IT systems Chapter 2-7 SO 2 Types of accounting information systems Types of Accounting Information Systems Manual Systems Generally used by small organizations. Entirely manual system would require: Chapter 2-8 Source document General journal Turnaround document Special journals General ledger Subsidiary ledgers SO 2 Types of accounting information systems Types of Accounting Information Systems Legacy Systems Existing system, often based on old technology. Advantages are that legacy systems: 1. Customized to specific needs. 2. Support unique business processes not inherent in generic accounting software. 3. Contain invaluable historical data that may be difficult to integrate into a new system. 4. Well supported and understood by existing personnel. Chapter 2-9 SO 2 Types of accounting information systems Types of Accounting Information Systems Legacy Systems Disadvantages are that legacy systems: 1. Costly to maintain. 2. Often lack adequate supporting documentation. 3. Hardware needed to maintain may become obsolete. 4. Not usually based on user-friendly interfaces. 5. Tends to use software written in older computer languages. 6. Often difficult to modify to make user friendly. 7. Difficult to integrate when companies merge. Chapter 2-10 SO 2 Types of accounting information systems Types of Accounting Information Systems Legacy Systems Decision whether to replace or update legacy systems. 1. Screen scrapers 2. Enterprise application integration 3. Complete replacement of legacy systems Chapter 2-11 SO 2 Types of accounting information systems Types of Accounting Information Systems Modern, Integrated Systems New programs sold by software development companies are more user friendly than legacy accounting systems. Advantages to purchasing accounting software: 1. Lower cost 2. Shorter implementation time 3. Fewer bugs Chapter 2-12 SO 2 Types of accounting information systems Types of Accounting Information Systems Question In a manual system, an adjusting entry would most likely be initially recorded in a a. special journal. b. subsidiary ledger. c. general journal. d. general ledger. Chapter 2-13 SO 2 Types of accounting information systems Types of Accounting Information Systems Question Which of the following is not a disadvantage of maintaining legacy systems? a. There are fewer programmers available to support and maintain legacy systems. b. They contain invaluable historical data that may be difficult to integrate into newer systems. c. Hardware or hardware parts may be unavailable for legacy systems. d. It can be difficult to integrate various legacy systems into an integrated whole. Chapter 2-14 SO 2 Types of accounting information systems Types of Accounting Information Systems Question Which of the following is a disadvantage of purchased accounting software, compared with software developed inhouse? a. It is custom designed for that company. b. It is less costly. c. The implementation time is shorter. d. There are fewer bugs. Chapter 2-15 SO 2 Types of accounting information systems Client–Server Computing Two types of computers are networked together to accomplish the application processing. Characteristics: 1. Client and server computer are networked together. 2. System appears to users to be one integrated whole. 3. Individual parts of processing are shared between server and client. 4. Client computer participates in processing or data manipulation in some meaningful way. Chapter 2-16 SO 3 Client-server computing Client–Server Computing Two Levels of Client-Server Computing: 1. Distributed presentation. 2. Distributed applications. Chapter 2-17 SO 3 Client-server computing Cloud Computing Recently, there has been a movement away from a client- server approach toward cloud computing. It includes: ► Software and data reside with third party companies (the cloud) and not on company computers. ► Outsourcing of IT to a third party. Advantages: Chapter 2-18 1. Scalability 3. Infrastructure is reduced 2. Expanded access 4. Cost savings SO 4 Cloud computing Cloud Computing Exhibit 2–2 Cloud Hosting of Accounting Software Chapter 2-19 SO 4 Cloud computing The Real World Thomas Kemper Soda Company of Portland, Oregon, is a small-batch craft-brewer of root beer, ginger ale, and other natural soft drinks sold in the western United States. After years of struggling with communication and information sharing between the members of its mobile workforce, the company recently began subscribing to cloud based Microsoft Office 365. Significant improvements were realized very quickly. Rather than depending upon e-mail for sharing information and documentation, management at Thomas Kemper began accessing its file-share server through the cloud. They saved time; obtained better, more secure and up-todate information; and were therefore able to work together more effectively. Cloudbased conferencing, e-mailing, calendaring, and screen-sharing all make it possible for the employees to stay connected despite their various physical locations. In addition, the company’s management team estimates that 40 hours of employee productivity are gained each week due to communication efficiencies, six hours are saved each week on technology support, and thousands of dollars of expenses have been avoided, including over $10,000 of hardware upgrade costs. Chapter 2-20 SO 4 Cloud computing Accounting Software Market Segments Exhibit 2-2 Accounting Software Market Segments and Movement in the Market Chapter 2-21 SO 5 Accounting software market segments Accounting Software Market Segments Exhibit 2-3 Popular Accounting Software Programs within the Market Segments Chapter 2-22 SO 5 Accounting software market segments Accounting Software Market Segments Question Which of the following is not a method of updating legacy systems? a. Enterprise application integration. b. Backoffice ware. c. Screen scraper. d. Complete replacement. Chapter 2-23 SO 5 Accounting software market segments Accounting Software Market Segments Question When categorizing the accounting software market, a company with revenue of $8 million would most likely purchase software from which segment? a. Small company. b. Midmarket. c. Beginning ERP. d. Tier 1 ERP. Chapter 2-24 SO 5 Accounting software market segments Input Methods Use In Business Processes Input methods used in organizations: ► Source Documents and Keying ► Bar Codes ► Point of Sale Systems ► Electronic Data Interchange (EDI) ► E-Business and E-Commerce Chapter 2-25 SO 6 Input methods used in business processes Input Methods Use In Business Processes Question An IT system that uses touch-screen cash registers as an input method is called a. Electronic data interchange. b. E-business. c. Point of sale system. d. Source documents and keying. Chapter 2-26 SO 6 Input methods used in business processes Processing Methods Batch Processing - Transactions are grouped. Advantages 1. Efficient for large volumes of like transactions. 2. Audit trail is maintained. 3. Generally use less costly hardware and software. 4. Hardware and software systems are not as complicated as online systems. 5. Generally easier to control than other types of computerized systems. 6. Personnel become specialized and efficient in processing routine transactions. Chapter 2-27 SO 7 The processing of accounting data Processing Accounting Data Batch Processing - Transactions are grouped. Disadvantages 1. Processing can take longer. 2. Adding or deleting records takes much computer maintenance time. 3. Some data duplication is likely. 4. Integration across business processes is difficult in legacy systems that are batch oriented. 5. Lag while all transactions in a batch are collected. 6. May require that transaction and master files be sorted in the same sequential order. Chapter 2-28 SO 7 The processing of accounting data Processing Accounting Data Online and Real-Time Processing Advantages 1. System checks for input errors. 2. Information provided on a timely basis. 3. All files are constantly up to date. 4. The business processes are integrated into a single database so that a single system is achieved. Chapter 2-29 SO 7 The processing of accounting data Processing Accounting Data Online and Real-Time Processing Disadvantages 1. Hardware and software are more expensive than a batch systems. 2. A single database that is shared is more susceptible to unauthorized access of data. 3. Real-time systems can be difficult to audit. Chapter 2-30 SO 7 The processing of accounting data Processing Accounting Data Question When similar transactions are grouped together for a specified time for processing, it is called a. Online processing. b. Real-time processing. c. Batch processing. d. Group processing. Chapter 2-31 SO 7 The processing of accounting data Outputs of the AIS General Categories of Outputs 1. Trading partner documents such as checks, invoices, and statements 2. Internal documents 3. Internal reports 4. External reports Chapter 2-32 SO 8 Outputs from the AIS related to business processes Documenting Processes and Systems Pictorial Representations of processes and systems include: 1. Process maps 2. System flowcharts 3. Document flowcharts 4. Data flow diagrams 5. Entity relationship diagrams (ER diagrams) Chapter 2-33 SO 9 Documenting processes and systems Documenting Processes and Systems Process Maps Pictorial representations of business processes in which the actual flow and sequence of events in the process are presented in diagram form. Exhibit 2-6 Process Map Symbols Start or Finish Task or Activity Connector Decision Direction of Flow Chapter 2-34 SO 9 Documenting processes and systems Documenting Systems Exhibit 2-8 Common System Flowchart Symbols System Flowcharts Intended to depict the entire system, including inputs, manual and computerized processes, and outputs. Chapter 2-35 SO 9 Documenting processes and systems Documenting Systems Document Flowcharts Flow of documents and information among departments or units within an organization. Chapter 2-36 Exhibit 2-9 Payroll System Flowchart Documenting Systems Chapter 2-37 Exhibit 2-10 Restaurant Process Map Exhibit 2-11 Restaurant Document Flowchart Chapter 2-38 Exhibit 2-11 Restaurant Document Flowchart Chapter 2-39 Documenting Systems Exhibit 2-12 Restaurant Data Flow Diagram Data Flow Diagrams Used to show the logical design of a system. Chapter 2-40 Documenting Processes and Systems Entity Relationship Diagrams Pictorial representations of the logical structure of databases. Chapter 2-41 ► Entities - items in the accounting system, such as employees, customers, vendors, and inventory items. ► Each entity has attributes, such as last name, first name, pay rate, and number of withholdings. SO 9 Documenting processes and systems Documenting Processes and Systems Entity Relationship Diagrams Cardinality refers to how many instances of an entity relate to each instance of another entity. Chapter 2-42 1. One to one: Each employee has one personnel file. 2. One to many: One supervisor has many employees. 3. Many to many: Each vendor can sell many items. SO 9 Documenting processes and systems Documenting Systems Exhibit 2-15 ERD of Internet Sales Entity Relationship Entity Relationship Diagrams Diagrams Chapter 2-43 SO 9 Documenting processes and systems Documenting Processes and Systems Question In documenting systems, which pictorial method is described as a method that diagrams the actual flow and sequence of events? a. System flowchart. b. Process map. c. Data flow diagram. d. Entity relationship diagram. Chapter 2-44 SO 9 Documenting processes and systems Ethical Considerations of AIS ► Accountants should be aware of opportunities for unethical behaviors within the various business processes. ► As a company chooses features and options for its accounting information systems, the importance of monitoring those systems should not be overlooked as a factor in decision making. Chapter 2-45 SO 10 Ethical considerations at the foundation of accounting information systems APPENDIX: Resources Events Agents The REA model views accounting data collection as a system to collect data about the resources, events, and agents within business processes. Exhibit 2-16 An REA Pattern for Sales Chapter 2-46 Copyright Copyright © 2013 John Wiley & Sons, Inc. All rights reserved. Reproduction or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written permission of the copyright owner is unlawful. Request for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc. The purchaser may make back-up copies for his/her own use only and not for distribution or resale. The Publisher assumes no responsibility for errors, omissions, or damages, caused by the use of these programs or from the use of the information contained herein. Chapter 2-47