ACCOUNTING INFORMATION SYSTEMS & INTERNAL CONTROL (4 SCU)

Learning Outcomes:

Upon successful completion of this course, students are expected to be able to: explain the fundamentals of an AIS design, the business process, and its impact to support the management decision making process; evaluate internal control concepts in both manual and computerized environments of information systems and design controls to mitigate the risks associated with different types of business cycles; explain and apply effective and efficient standard operation procedures recommended to different types of companies; explain how AIS interacts with internal information needs to provide financial reporting; as well as explain the advanced technologies in AIS including the evolution, IT governance and strategy, security, internal controls, and relevant aspects of Sarbanes-Oxley legislation.

Topics:

Accounting Information Systems collect records, store data, and process data to provide information for decision makers. They can be very simple paper-and-pencil-based manual systems, very complex using the latest in computers and information technology or something in-between. Accounting systems are studied from an accounting cycle’s perspective, emphasizing the nature and relevance of accounting internal controls and the relationship of accounting systems to the functional areas of accounting. This study will help students to deepen their knowledge of accounting as an information provider useful for decision making and allow them to acquire the skills of information systems and technology.

Prerequisite(s): Principles of Accounting