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2003 Prentice Hall Business Publishing,Accounting Information Systems, 9/e, Romney/Steinbart 151

AccountingInformation

Systems9thEdition

Marshall B. Romney

Paul John Steinbart

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2003 Prentice Hall Business Publishing,Accounting Information Systems, 9/e, Romney/Steinbart 152

General edger and

Re!orting System

"ha!ter #$

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earning -becti/es

#. 0escribe the information !rocessingo!erations re1uired to u!date the generalledger and to !roduce other re!orts for

internal and e2ternal users.&. Identify the maor threats in general ledger

and re!orting acti/ities* and e/aluate theade1uacy of /arious internal control

!rocedures for dealing 3ith them.(. Read and e2!lain an integrated enter!rise,

3ide REA data model.

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earning -becti/es

4. 0iscuss and design a balanced

scorecard for an organi5ation.

$.

E2!lain the relationshi! bet3een onlinetransaction !rocessing systems and

data 3arehouses used to su!!ort

business intelligence.

6. 7nderstand the im!lications of ne3 I8de/elo!ments* such as BR* for

internal and e2ternal re!orting.

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Introduction

inda S!urgeon* A-E:s !resident ; "E-*is not satisfied 3ith the financial re!ortingca!abilities of A-E:s ne3 ERP system.

She has three !rimary goals

General edger and

Re!orting Acti/ities

?hat are the four basic acti/ities

!erformed in the general ledger

and re!orting system@#. 7!date the general ledger

&. Post adusting entries

(. Pre!are financial statements4. Produce managerial re!orts

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7!date 8he General edger

Acti/ity #

8he first acti/ity in the general ledger

system is to u!date the general

ledger. 7!dating consists of !osting ournal

entries that originated from t3o

sources

8hreat &< 7nauthori5ed Access

to the General edger

7nauthori5ed access to the general

ledger can result in confidential data

leas to com!etitors or corru!tion of thegeneral ledger. It can also !ro/ide a

means for concealing the theft of

assets.

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8hreat &< 7nauthori5ed Access

to the General edger

Some controls against this threat are