Page 8 - Accounting Information Systems

Contents vii

Revenue Cycle Controls 166
PHYSICAL SYSTEMS 170
MANUAL SYSTEMS 171
Sales Order Processing 171
Sales Return Procedures 174
Cash Receipts Procedures 174
COMPUTER-BASED ACCOUNTING SYSTEMS 177
Automating Sales Order Processing with Batch Technology 177
Keystroke 178
Edit Run 180
Update Procedures 180
Reengineering Sales Order Processing with Real-Time
Technology 180
Transaction Processing Procedures 180
General Ledger Update Procedures 182
Advantages of Real-Time Processing 183
Automated Cash Receipts Procedures 183
Reengineered Cash Receipts Procedures 185
Point-of-Sale (POS) Systems 185
Daily Procedures 185
End-of-Day Procedures 187
Reengineering Using EDI 187
Reengineering Using the Internet 188
Control Considerations for Computer-Based Systems 188
PC-BASED ACCOUNTING SYSTEMS 190
PC Control Issues 190
SUMMARY 191
APPENDIX 192

Chapter 5 The Expenditure Cycle Part I: Purchases and
Cash Disbursements Procedures 217

THE CONCEPTUAL SYSTEM 218
Overview of Purchases and Cash Disbursements Activities 218
The Cash Disbursements Systems 225
Expenditure Cycle Controls 228
PHYSICAL SYSTEMS 230
A Manual System 230
The Cash Disbursements Systems 232
COMPUTER-BASED PURCHASES AND CASH
DISBURSEMENTS APPLICATIONS 234
Automating Purchases Procedures Using Batch Processing
Technology 234