ACCT451
Week 1 Discussion 1 & 2 Latest 2017 August

dq 1

WEEK
1: PROCESSING DATA AND USING INFORMATION

1818 unread replies.6666 replies.

Describe the type of data your current or
former employer processes and correlate for us how those data are transformed
into information. Is it mostly manual process or an automated process? In terms
of system integration (or lack thereof), discuss how any comprehensive reports
prepared for decision makers are compiled by your company, past or present.

dq 2

WEEK 1:
WORKFLOW DOCUMENTATION AIDS IN SYSTEMS DESIGN

2929 unread replies.6363 replies.

There are four main methods for documenting
specific business processes, systems, and so on. If your company asked you to
document the workflow in your department, where would you start and why? How
would that change if the company asked you to document the AIS itself rather
than the workflow?

ACCT451
Week 2 Discussion 1 & 2 Latest 2017 August

dq 1

WEEK 2:
FRAUD: INSIDE VERSUS OUTSIDE JOBS

77 unread replies.6565 replies.

With respect to fraud against companies, which
do you think is more prevalent: inside or outside jobs? Explain your position.
Describe what you think is the number one target of an inside job versus that
of an outside job.

dq 2

WEEK 2:
TYPES OF CONTROLS TO HELP MITIGATE FRAUD

66 unread replies.6565 replies.

Segregation of duties (SoD) and other classic
internal controls such as management oversight have been adapted to consider
technology. Compare and contrast the classic controls with their adaptations
for technology. Have one or more of the classic controls become obsolete when
applied in technology? On the flip side of that, describe any new controls that
have become necessary because of technology.

ACCT451
Week 3 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK
3: COLLECT AND PROTECT PERSONAL INFORMATION

2020 unread replies.7373 replies.

Discuss some types of personal information
that companies collect from their customers and discuss what they are used for.
How is information collected, and do the customers know about it? Do they have
a choice in the matter? Explain how.

dq 2

WEEK 3:
MINIMUM SECURITY STANDARDS

1515 unread replies.6969 replies.

Should the government mandate minimum
standards for controlling and securing information? What would be some
advantages and disadvantages?

dq 3

WEEK 3:
COLLABORATION DISCUSSION

99 unread replies.3434 replies.

Post your team’s company overview
presentation. Review the feedback and comments provided by your classmates and
professor to your team’s presentation Review at least one other team’s
presentation and provide feedback and comments.

ACCT451
Week 4 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK
4: THREATS IN THE REVENUE CYCLE

77 unread replies.6464 replies.

Controlling inventory has evolved with the
widespread use of technology. Describe one advance in technology that helps
reduce theft or errors. What does your company use? Does this replace a
physical inventory? Why or why not?

dq 2

WEEK 4:
THREATS IN THE EXPENDITURE CYCLE

66 unread replies.6565 replies.

Compare internal control issues between the
invoice approval and payment process in a manual office with that of an
automated office where all departments are connected to the same AIS. Is an ink
pen signature more desirable than a digital approval? Why or why not?

dq 3

WEEK 4:
COLLABORATION DISCUSSION

55 unread replies.3535 replies.

Post your team’s client requirements
presentation. Review the feedback and comments provided by your classmates and
professor to your team’s presentation Review at least one other team’s
presentation and provide feedback and comments.

ACCT451
Week 5 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK 5:
THREATS IN THE PRODUCTION CYCLE

1010 unread replies.6464 replies.

Last week, we discussed inventory control
within the revenue cycle. What are threats to inventory within the production
cycle (both threats to physical inventory and the data related to inventory)?
What specific controls do AIS offer to help prevent or at least detect these threats?

dq 2

WEEK 5:
THREATS IN THE HR FUNCTION/PAYROLL CYCLE

1313 unread replies.6464 replies.

What is a payroll master file? Describe the
types of errors that may occur in the master file and how they get there. How
would you design payroll procedures to help prevent them?

dq 3

WEEK 5:
COLLABORATION DISCUSSION

33 unread replies.4343 replies.

Post your team’s Internal Controls
presentation. Review the feedback and comments provided by your classmates and
professor to your team’s presentation Review at least one other team’s
presentation and provide feedback and comments.

ACCT451
Week 6 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK
6: AUDITING AND THE REA MODEL

1515 unread replies.2929 replies.

Discuss how REA diagrams might be useful to
auditors in understanding a client’s business processes. What if the client
hasn’t prepared them in advance? What basic steps would the auditor perform to
compile the information necessary to build the diagram himself or herself? Does
that time investment produce large enough benefits to the auditor? Explain your
answer.

dq 2

WEEK 6:
UNIQUE REA DIAGRAMS

1414 unread replies.2828 replies.

Discuss why there cannot be one basic REA
diagram that would work for all businesses. What might be some areas that could
be similar from business to business? Select either the company for which you
work or one that interests you. Describe the business processes that are unique
to that company or industry that would require special handling in an REA
diagram.

dq 3

WEEK 6:
COLLABORATIVE DISCUSSION

44 unread replies.55 replies.

Post your team’s AIS packages presentation.
Review the feedback and comments provided by your classmates and professor to
your team’s presentation Review at least one other team’s presentation and
provide feedback and comments.

ACCT451
Week 7 Discussion 1 & 2 Latest 2017 August

dq 1

WEEK
7: ROLE OF ACCOUNTANT IN AIS

2929 unread replies.6363 replies.

Discuss what you believe to be the appropriate
level of involvement of an accountant in evaluating and selecting an AIS vendor
and the AIS itself. What are some of the contributions an accountant might
offer in this process?

dq 2

WEEK
7: CONVERSION APPROACHES

4242 unread replies.6060 replies.

Using the company for which you work or one in
which you are interested, choose the conversion approach you would use if the
company purchased a new AIS. Explain your choice, including the benefits.
Discuss how you envision the testing process.