Accounting information system
Assume the role of a consultant responsible for assessing a client’s business operations and making recommendations for an accounting
information system.
Address the critical elements listed below. Most of the critical elements align with a particular course outcome.
a) Describe the current accounting environment and the stakeholders of a business.
b) Map one accounting cycle (sales, accounts receivable, accounts payable, inventory, or payroll) using a data-flow diagram and system flowchart.
c) Use an REA diagram to identify the pertinent resources, events, and agents within the chosen accounting cycle.
d) Create a table that identifies weaknesses and potential threats to a business and potential internal controls to address the weaknesses and
threats found in the chosen cycle.
e) For the chosen cycle, describe the data elements that need to be captured in the accounting information system (AIS), and organize that datainto relational database tables. Include the data type, structures, and whether the data element is a primary or foreign key. [ACC-315-05]