Digital Accounting: The Effects of the Internet And Erp on Accounting

by Deshmukh, Ashutosh

• ISBN13: 9781591407386
• ISBN10: 1591407389
• Format: Hardcover
• Copyright: 2005-12-30
• Publisher: Igi Global

Summary

This volume provides a foundation in digital accounting by covering such fundamental topics as accounting software, XBRL (eXtensible Business Reporting Language), and EDI. The effects of the Internet and ERP on accounting are classified and presented for each accounting cycle, along with a comprehensive discussion of online controls.

Table of Contents

Preface	ix
A Framework for Digital Accounting	1	(14)
Digital Accounting, E-Accounting and the E-Thing	1	(1)
Roots of Digital Accounting	2	(1)
The Internet and Digital Accounting	3	(7)
Costs and Benefits of Digital Accounting	10	(2)
Structure of the Book	12	(1)
Summary	13	(1)
References	13	(1)
Endnote	14	(1)
The Evolution of Accounting Software	15	(27)
History of Accounting Software	15	(12)
What Constitutes Accounting Software?	27	(5)
Looking Ahead	32	(2)
Summary	34	(4)
Appendix A: A Checklist for E-Commerce Features	38
References	35
Endnote	14	(28)
The XML-Based Web Languages and Accounting	42	(46)
XML: What's in it for Accountants?	42	(2)
History of Markup Languages	44	(4)
What is XML?	48	(15)
XML Document	48	(8)
XML Supplementary Technologies	56	(5)
XML Tools and Software	61	(1)
Advantages and Disadvantages of XML	62	(1)
XBRL	63	(17)
Structure of XBRL	64	(1)
XBRL Taxonomies	64	(8)
XBRL Instance Documents	72	(5)
XBRL Tools and Software	77	(1)
Audit and Control Issues in XRBL	78	(2)
Conclusion	80	(1)
Summary	80	(1)
References	81	(3)
Endnotes	84	(1)
Appendix A: Applications of XML-Based Languages in Accounting	84	(4)
Electronic Data Interchange	88	(43)
What is Electronic Data Interchange?	88	(2)
EDI Standards and Standard-Setting Organizations	90	(6)
Infrastructure for EDI Solutions	96	(3)
Accounting Software and EDI	99	(4)
Financial EDI	103	(7)
EDI in the E-Era	110	(8)
EDI/XML	110	(4)
EDIINT	114	(4)
Internal Controls in EDI	118	(4)
Benefits and Costs of EDI	122	(4)
Looking Ahead	126	(1)
Summary	126	(1)
References	127	(4)
The Revenue Cycle	131	(59)
Revenue Cycle Activities	131	(2)
Sales Orders	133	(10)
SAP CRM Tools	135	(6)
CRM and Sales Orders	141	(2)
Credit Approvals	143	(6)
Warehousing and Shipping	149	(3)
Billing	152	(13)
EIPP and EBPP Processes	153	(2)
Models for EIPP and EBPP	155	(5)
Infrastructure for EIPP and EBPP	160	(2)
Advantages and Disadvantages of EIPP and EBPP	162	(3)
Receivables and Collections	165	(20)
Online Management of Receivables	165	(3)
Electronic Payment Methods	168	(1)
B2C Payment Methods	169	(12)
B2B Payment Methods	181	(2)
Electronic Lockboxes	183	(1)
A Word on Digital Cash	183	(2)
Summary	185	(1)
References	186	(3)
Endnotes	189	(1)
The Expenditure Cycle	190	(40)
Expenditure Cycle Activities	190	(2)
Ordering, Receiving and Paying for Goods	192	(23)
Supplier Selection Strategy	194	(1)
Identifying and Selecting Suppliers	195	(1)
Contract Negotiations and Contract Management	196	(1)
Supplier Self-Service	197	(1)
Support for Auctions	197	(1)
Electronic Invoicing and Settlement	198	(3)
Content Management	201	(1)
Employee Self-Purchasing	202	(3)
Procurement Cards	205	(5)
Unusual Items and Exceptions	210	(1)
Purchasing Intelligence	210	(2)
SAP SRM Tools	212	(3)
Expenses and Payroll	215	(10)
Online Management of Expenses	215	(4)
Online Travel Centers	219	(2)
Online Payroll	221	(4)
Fixed Assets	225	(1)
Summary	225	(2)
References	227	(2)
Endnote	229	(1)
The Conversion Cycle	230	(30)
Conversion Cycle Activities	230	(2)
Supply Chain Management	232	(2)
SAP SCM Capabilities	234	(11)
Supply Chain Planning	235	(2)
Supply Chain Execution	237	(1)
Supply Chain Collaboration	238	(5)
Supply Chain Coordination	243	(2)
SAP SCM Tools	245	(6)
Supply Chain Cost Accounting	251	(5)
Summary	256	(1)
References	257	(3)
The General Ledger Cycle	260	(33)
General Ledger Cycle Activities	260	(2)
Closing of the Books	262	(6)
Financial Analytics	268	(10)
Planning and Budgeting	278	(4)
Enterprise Portals	282	(7)
Components of an Enterprise Portal	284	(2)
SAP Enterprise Portals---A Business View	286	(3)
Summary	289	(1)
References	290	(2)
Endnote	292	(1)
Financial Management, Strategic Management and Digital Accounting	293	(25)
Digital Accounting and Accounting Processes	293	(2)
Corporate Treasury Functions	295	(9)
SunGard Treasury System	297	(2)
SAP CFM Tools	299	(5)
Financial Supply Chain	304	(3)
Corporate Performance Management	307	(8)
SAP SEM Tools	309	(6)
Summary	315	(1)
References	316	(2)
Controls, Security, and Audit in Online Digital Accounting	318	(66)
Internal Controls: What and Why?	318	(4)
Security Issues in the Online World	322	(12)
A Conceptual Framework for Online Internal Controls	334	(2)
Standard Online Internal Control Techniques	336	(21)
Security Policy	338	(4)
Passwords, Security Tokens and Biometics	342	(1)
Access Control List (ACL)	343	(1)
Anti-Virus Software	344	(1)
Defense Against Social Engineering	344	(1)
Cryptology	345	(4)
Digital Watermarks	349	(1)
Firewalls	350	(2)
Web Content Filtering	352	(1)
Virtual Private Network (VPN)	353	(2)
Message Security Protocols	355	(2)
A Taxonomy of Network Anti-Intrusion Techniques	357	(7)
Preventive Techniques	358	(1)
Preemptive Techniques	359	(1)
Deterrent Techniques	359	(1)
Deflection Techniques	359	(1)
Detection Techniques	360	(2)
System Integrity Techniques	362	(1)
Intrusion Countermeasures (ICE) Techniques	362	(1)
A Word on Wireless Networks	362	(2)
Anti-Intrusion Products	364	(1)
Automated Control and Compliance Tools	364	(5)
Searchspace	364	(3)
Transaction Vision	367	(2)
Privacy and Assurance Issues in the Online World	369	(9)
Trust Services	372	(4)
Privacy Audits	376	(2)
Summary	378	(1)
References	379	(4)
Endnote	383	(1)
About the Author	384	(1)
Index	385