A337/A523 Accounting Information Systems
Midterm Study

General
There will be two narratives, one for context/physical DFD, one for the flowchart.
It is important for your DFDs to be consistent with each other.
(See the Documentation Exercises for worked examples)

DFD
The physical DFD should be annotated with flow labels.
At this point, you are expected to know the 4 DFD symbols and how to apply them.

Flow Chart
This will be a shorter narrative and/or partially completed one
I will also provide a list of flowchart symbols.

SUA/Transaction Cycles / Chapter 5
A handful multiple choice questions related to documents and activities in each of the three transaction cycles (similar to SUA #1). Internal Controls and Computer Crime (Chapters 13, 14, & 15)
Know what internal controls are and be able to give examples * Definition * Policies, plans, and procedures * Implemented to protect a firms assets * People Involved * Board of directors * Management * Other key personnel * Provides reasonable assurance * Effectiveness and efficiency of operations * Reliability of financial reporting * Protection of Assets * Compliance with applicable laws and regulations * Important Guidance * Statement on Auditing Standard No. 94 * Sarbanes-Oxley Act of 2002

Understand the reasons humans make mistakes * Errors may be the result of many factors * Distractions – Concurrent tasks, work environment, personal situations, * Complexity – It’s easier to complete a simple task than a hard one. * Limitations – Fatigue, cognitive limitations, etc.
Be able to describe the COSO model and it components.

* The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a joint initiative of the five private sector organizations