Table of Contents

Chapter 1 Accounting Information Systems and Packages. 11

Learning Objectives: 11

Accounting Information Systems. 11

Online Accounting Systems. 12

Accounting Software. 13

Module Descriptions. 13

Market Leaders. 15

Selecting Accounting Software. 15

Write-Up Software. 16

Compliance Software. 17

Compliance Software. 18

Tax Preparation Software. 19

Market Leaders. 19

Audit Software. 20

Auditing Audit Software. 21

Spreadsheets. 22

Web-Based Accounting Systems. 22

Implementing Web-based Accounting Systems. 23

Extensible Business Reporting Language (XBRL). 25

How Companies Create Xbrl Statements. 26

Applications of XBRL.. 26

Chapter 1 Review Questions. 27

Chapter 2 Computer Software in Managerial Accounting. 28

Learning Objectives: 28

Activity-Based Costing (ABC) Software. 28

Cash Flow Forecasting Software. 28

Forecasting and Statistical Software. 29

Templates. 29

Add-ins. 29

Stand-Alone Programs. 30

Budgeting and Planning Software. 30

Project Planning and Management 30

Linear Programming. 31

A Caveat 31

Selecting a Software Package. 31

Checklist 33

Chapter 2 Review Questions. 36

Click here to see Answers to Review Questions at end of EBook.Chapter 3 Information Security and Data Protection 36

Chapter 3 Information Security and Data Protection. 37

Learning Objectives: 37

System Failures. 38

The Security Administrator. 38

Establishing a Security Policy. 39

Physical Security and Data Security. 41

Destroying Data. 43

Environmental Considerations. 43

Maintenance and Preventive Care. 44

Water Alert Systems. 45

Static Electricity. 45

Humidity Control 45

Fire Protection. 45

Hardware Security. 49

Software Development Security. 50

Password Security. 51

Audit Trail 52

Disaster Recovery. 52

Contingency Planning. 53

Legal Issues. 53

Chapter 3 Review Questions. 56

Chapter 4 The Accountant and the Networked Environment 57

Learning Objectives: 57

Client/Servers. 57

Changing Technology. 58

Cloud Computing. 59

Things to Consider Before Moving to Cloud-Based Services. 61

Specific applications and examples. 61

Open-Source Software. 63

Internet of Things. 64

The Big Data Opportunity. 65

Blockchain Technology. 66

Future Trends. 67

Network and Internet Security Concerns. 67

Network Security. 67

Advanced Authentication. 70

Internet Security Threats. 71

Different Types of Internet Threats. 72

Security Challenges. 75

Chapter 4 Review Questions. 77

Chapter 5 The Accountant and Database Management Systems. 79

Learning Objectives: 79

Database Security. 81

Database Types and Terminology. 83

Chapter 5 Review Questions. 92

Chapter 6 Information Systems and Financial Analysis. 93

Learning Objectives: 93

Evaluating Technical Investments. 93

What are the Types of Investment Projects?. 93

What are the Features of Investment Projects?. 93

Understanding the Concept of Time Value of Money. 94

How Do You Measure Investments in Technology?. 94

1. Payback Period. 94

2. Net Present Value. 95

3. Internal Rate of Return. 95

How Do Income Taxes Affect Investment Decisions?. 95

How to Calculate After-Tax Cash Flows. 95

How Does MACRS Affect Investment Decisions?. 97

What to Know About the Cost of Capital 100

Cost of Debt 100

Cost of Common Stock. 100

Cost of Retained Earnings. 101

Measuring the Overall Cost of Capital 101

Lease-Purchase-Rent Decisions. 102

Economic Feasibility Study for a New Information System.. 103

Summary. 108

Chapter 6 Review Questions. 109

Review Question Answers. 110

Glossary. 124

Index. 130

CPE Exam Answer Sheet 131

Final Examination. 132

CPASelfstudy.com Course Evaluation. 137