Accounting Information System (AIS) discussion 4 PDF

Preview

Summary

University of the People Basic Accounting Bus 1102...

Description

Dear friends, I hope every one of you is safe and sound! In the first week of this course, we have learned and read about the career paths in accounting and one of them is the Accounting Information System (AIS). The accounting information system is; “set of business processes that record transactions using journals and ledgers (for paper systems) and computer files (for computerized systems) to keep track of a company’s transactions, process the data associated with these transactions, and produce output useful for internal and external decision-making and analysis.” (Franklin et al., 2020, p. 498). There are a lot of paths that are available for people with education and experience in accounting and information systems. Personally, the one that interests me is forensic accounting, which; “involves the use of accounting skills to inspect the accounting records in order to determine if fraud or embezzlement have occurred.” (Franklin et al., 2020, p. 496). This career interests me because it is just like a puzzle that requires us to follow every lead we have and use and develop our investigation skills in many different situations that might be linked with a fraud scheme. Also, people that want to work as forensic accounting specialists have a lot of job opportunities to find. According to Maria Zegarra; “Forensic accounting specialists do not only work for law enforcement agencies; they can also be found in the compliance departments of business entities, at law firms, banks, and government agencies.” (Zegarra, 2020, para. 1). This position is very much needed in my country, but due to the war and the conflict that is happening in my country, Syria. This situation serves as fertile soil for fraud and corruption, and that is why this position cannot be used because of the corruption within companies, firms, and organizations there. Reference: Franklin, M. Graybeal, P. & Cooper, D. (2020). Principles of accounting, volume 1:Financial accounting. Open Stax Rice University. https://openstax.org/details/books/principles-financial-accounting Zegarra, M. (January 28, 2020). The Growing Importance of Forensic Accounting. Florida National University. https://www.fnu.edu/growing-importance-forensic-accounting/...