ACC 564 Accounting Information Systems Course Guide Strayer

ACC 564 Week 2 Assignment 1 – Information Needs for the AIS

ACC 564 Week 3 Quiz 1

1) Which of the following statements below shows the contrast between data and information?

2) Information is

3) The value of information can best be defined as

4) An accounting information system (AIS) processes ________ to provide users with ________.

5) Information that reduces uncertainty, improves decision makers’ ability to make predictions, or confirms or corrects their prior expectations, is said to be

6) Information that is free from error or bias and accurately represents the events or activities of the organization is

7) Information that does not omit important aspects of the underlying events or activities that it measures is

8) When two knowledgeable people acting independently each produce the same information, this information is said to be

9) Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristics that make information both useful and meaningful. If information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of

10) An accounting information system must be able to perform which of the following tasks?

11) Which of the following is not an example of a common activity in an AIS?

12) Which of the following is not one of the components of an AIS?

13) One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

14) The primary objective of accounting is to

15) The American Institute of Certified Public Accountants (AICPA) has recognized the importance of AIS and the major impact information technology has on the area of accounting. To recognize individual CPAs who have met educational and experiential requirements in this area, the group

ACC 564 WK 4 Assignment 2 – Hacking the AIS

In today’s technology environment, hackers present a substantial risk to a firm’s accounting or business system. As the result of these attacks, firms suffer huge losses, ranging from financial losses to losses in confidence by consumers, creditors, and suppliers. Firms may have made a significant investment in financial and non-financial resources to secure these systems.

ACC 564 Week 5 Quiz 2

1) Wally Hewitt maintains an online brokerage account. In early March, Wally received an email from the firm that explained that there had been a computer error and that provided a phone number so that Wally could verify his customer information. When he called, a recording asked that he enter the code from the email, his account number, and his social security number. After he did so, he was told that he would be connected with a customer service representative, but the connection was terminated. He contacted the brokerage company and was informed that they had not sent the email. Wally was a victim of

2) When a computer criminal gains access to a system by searching records or the trash of the target company, this is referred to as

3) Jerry Schneider was able to amass operating manuals and enough technical data to steal $1 million of electronic equipment by

4) A part of a program that remains idle until some date or event occurs and then is activated to cause havoc in the system is a

5) The unauthorized copying of company data is known as

6) Computer fraud perpetrators who use telephone lines to commit fraud and other illegal acts are typically called

7) What is a denial of service attack?

8) Gaining control of someone else’s computer to carry out illicit activities without the owner’s knowledge is known as

9) Illegally obtaining and using confidential information about a person for economic gain is known as

10) Tapping into a communications line and then entering the system by accompanying a legitimate user without their knowledge is called

ACC 564 Week 7 Assignment 3 – Fraud in the Accounting Information System

Explain how the firm’s accounting information system (i.e., components and functions) contributed to the fraud and / or embezzlement. You will need to focus on how each component / function of the accounting information system failed, which resulted in the scandal / case.

Write a ten to twelve (10-12) page paper in which you:

1. Based on the information you researched, assess the failure of the firm’s accounting information system to prevent the related fraud / embezzlement.
2. Imagine that the company that you researched uses a third-party accounting system. Evaluate the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach. Include an assessment of the level of responsibility of the software provider to the business and its clients. Provide support for your rationale.
3. Determine what advances in accounting and / or information technology could have prevented the event from occurring. Provide support for your argument.
4. Evaluate what changes should be made to both the Sarbanes-Oxley Act of 2002 and other current laws in order to make them more effective in deterring companies from committing crimes.
5. Recommend a strategy that the company you indicated may use to prevent future business information failures. Indicate how the company should approach the implementation of your recommended strategy. Provide support for your recommendation.

ACC 564 Week 8 Quiz 3

1) The best example of a hash total for a payroll transaction file could be

2) Error logs and review are an example of

3) Following is the result of batch control totals on employee Social Security Numbers in a payroll processing transaction:

4) Which of the following data entry controls would not be useful if you are recording the checkout of library books by members?

5) A customer failed to include her account number on her check, and the accounts receivable clerk credited her payment to a different customer with the same last name. Which control could have been used to most effectively to prevent this error?

6) If invoices are processed in groups of fifty, which fields from the document shown below would not be used to create a hash control total?

7) A data entry input control in which the application software sums the first four digits of a customer number to calculate the value of the fifth digit and then compares the calculated number to the number typed in during data entry is an example of a

8) All of the following controls for online entry of a sales order would be useful except

9) A specific inventory record indicates that there were 12 items on hand before a customer brings two of the items to the check stand to be purchased. The cashier accidentally entered quantity 20 instead of 2. Which data entry control would best have prevented this error?

10) When processing weekly payroll, an employee accidentally entered 400 for hours worked. The best data entry control for this error would be

ACC 564 Week 9 Quiz 4

ACC 564 Week 10 Assignment 4 – Changing the Accounting Information System

For this assignment, research the Internet or Strayer databases for information related to a real-life accounting information system failure and best practices, as well as lessons learned from implementing the accounting system. In addition to information that you may find during your research, please use the following IBM article to complete the assignment

Write a ten to twelve (10-12) page paper in which you:

Identify three to five (3-5) factors that contributed to the accounting information system failure within the business that you have identified. Indicate the impact to the business. Provide support for your rationale.

Assess senior management responsibility for the failure in question. Specify what the senior management could have done differently to avoid the failure. Provide support for your rationale.

Evaluate whether the most significant failure occurred within the system design, implementation, or operational phase of the process. Indicate what the company could have done to avoid the failed outcome. Provide support for your rationale.

Evaluate how implementing best practices would have reduced the chances for failure. Provide support for your rationale.

Based on your research, develop a list of between four (4) and six (6) best practices that organizations should use today to reduce the chances for failure. Provide support for your rationale.

ACC 564 Week 11 Final Exam

1) Which of the following statements below shows the contrast between data and information?

2) Information is

3) The value of information can best be defined as

4) An accounting information system (AIS) processes ________ to provide users with ________.

5) Information that reduces uncertainty, improves decision makers’ ability to make predictions, or confirms or corrects their prior expectations, is said to be

6) Information that is free from error or bias and accurately represents the events or activities of the organization is

7) Information that does not omit important aspects of the underlying events or activities that it measures is

8) When two knowledgeable people acting independently each produce the same information, this information is said to be

9) Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristics that make information both useful and meaningful. If information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of

10) An accounting information system must be able to perform which of the following tasks?

11) Which of the following is not an example of a common activity in an AIS?

12) Which of the following is not one of the components of an AIS?

13) One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

14) The primary objective of accounting is to

15) The American Institute of Certified Public Accountants (AICPA) has recognized the importance of AIS and the major impact information technology has on the area of accounting. To recognize individual CPAs who have met educational and experiential requirements in this area, the group formally created the designation known as