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Accounting Information Systems Case Essay

715 words - 3 pages

An Enterprise Information System integrates the business processes and information from all of an organization’s functional areas. “The purpose of an information system is to facilitate an organization’s business process and to support management decision making by providing information that managers can use to plan and control the activities of the firm.” (Gelinas, Dull, & Wheeler, 2012, p. 23) This can only be accomplished if the data is accurate which requires internal controls.
I agree with Accountant B. Accountant B is right to be concerned that bad decisions might have been made throughout the year based on the incorrect inventory numbers and I will give you a couple examples. The ...view middle of the document...

Accountant A on the other hand is not looking at the big picture. Yes, by identifying the error before reporting, CBU remains in compliance with the Sarbanes-Oxley Act however simply making the adjusting entries does not resolve the underlying problem. Investigation should take place to locate where the break down occurred so that the underlying issue can be resolved. The accountants should find out if this was a case of fraud, or inaccurate data entry, or etc. Perhaps Accountant A doesn’t have the viewpoint as accountant B due to inexperience or doesn’t fully understand the whole spectrum within the realm of internal controls.
Steps that could be put in place to resolve these issues are as follow: First it is a good idea for the company to develop a systems flowchart. “These flowcharts depict the sequence of activities performed as the business events flow through the processes.” (Gelinas, Dull, & Wheeler, 2012, p. 108) The systems flowchart presents a logical and physical rendering of the who, what, how and where of information and operations processes” (Gelinas, Dull, & Wheeler, 2012, p. 108) making it easier to identify where the break down occurred and with whom. ...

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