Sunday, 30 September 2012

Recommendation for Accounting Information System Mini Blogging Project



Recommendation for Accounting Infomation System Mini Blogging Project



I think this kind of activity is good and should be continue because it can teach students how to explain the syllabus in different way. The infomation also can be shared with everyone around the world. Besides, it can avoid the students become too boring with the assignments and tutorials. So i hope Accounting Infomation System Mini Blogging Project will be continue after this. Lastly, i would to thank Sir Noraffendy our beloved  and the most flexible lecturer because teach us patiently without complaining. 

THANK YOU SIR!!! 


How does UBS lessons has contributes to your area of knowledge as a DIA student?


A former UBS traders has been charged with fraud and false accounting leading to a $2bn loss

How does UBS lessons has contribute to your area of knowledge as DIA students?

1.  Develop an understanding of the accounting system’s importance in situating the organization within the relevant business environment…with some emphasis on broad-view, long-term decision-making.  This will include social systems, natural systems, economic systems, and financial systems—to get a feel for my beliefs about the place of accounting and accounting systems.

2.  Learn some basic accounting information system fundamentals relating to: accounting cycles; tools for understanding, explaining, and designing accounting systems; internal control concepts in both manual and computerized environments; and database concepts.  These fundamentals are important for understanding, developing, and working with all accounting systems, from manual to computer-based.

3.  Develop an appreciation for a variety of different models for accounting systems.  You will be working with several different mental and physical models for doing the tasks of accounting. In order to be a well-educated accounting PROFESSIONAL you must have some exposure to what is on the horizon.  This does not mean you all will be heavily involved in major changes in the profession.  Most of you won’t  It does mean, however, that to be truly professional and truly competent you must be aware of what the more future-oriented thinkers in (and out of) the profession are contemplating.


Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper journals or adding up long columns--computer software does that for you, error-free. Thanks to reasonably priced hardware and software, even small businesses can benefit from computerized accounting.

Sunday, 23 September 2012

Briefly Explain TWO (2) types of threats towards Information System Security

TROJAN HORSE

Trojan Horse is full of as much trickery as the mythological Trojan Horse it was named after. The Trojan Horse, at first glance will appear to be useful software but will actually do damage once installed or run on your computer.  Those on the receiving end of a Trojan Horse are usually tricked into opening them because they appear to be receiving legitimate software or files from a legitimate source.  When a Trojan is activated on your computer, the results can vary. Some Trojans are designed to be more annoying than malicious (like changing your desktop, adding silly active desktop icons) or they can cause serious damage by deleting files and destroying information on your system. Trojans are also known to create a backdoor on your computer that gives malicious users access to your system, possibly allowing confidential or personal information to be compromised. Unlike viruses and worms, Trojans do not reproduce by infecting other files nor do they self-replicate.

WORM


A worm is similar to a virus by design and is considered to be a sub-class of a virus. Worms spread from computer to computer, but unlike a virus, it has the capability to travel without any human action. A worm takes advantage of file or information transport features on your system, which is what allows it to travel unaided.

The biggest danger with a worm is its capability to replicate itself on your system, so rather than your computer sending out a single worm, it could send out hundreds or thousands of copies of itself, creating a huge devastating effect. One example would be for a worm to send a copy of itself to everyone listed in your e-mail address book. Then, the worm replicates and sends itself out to everyone listed in each of the receiver's address book, and the manifest continues on down the line. 
Due to the copying nature of a worm and its capability to travel across networks the end result in most cases is that the worm consumes too much system memory (or network bandwidth), causing Web servers, network servers and individual computers to stop responding. In recent worm attacks such as the much-talked-about Blaster Worm, the worm has been designed to tunnel into your system and allow malicious users to control your computer remotely.

Elaborate Some Of UBS Terms as Stated Below

a)  Closing Date vs Accounting Period

Closing date is date where the business finalize its account.
Closing date in UBS system is normally a day before a new starting period
starts.

Accounting period in bookkeeping is the period with reference to which 
accounting books of any entity are prepared.
It is the period for which books are balanced and the financial statements
are prepared. Generally, the accounting period consists of 12 months. 
However the beginning of the accounting period differs according to the 
jurisdiction. For example one entity may follow the regular calendar year, 
January to December as the accounting year, while another entity may 
follow April to March as the accounting period.
Accounting period in UBS system is based on numbers. January will be ‘1’ and
February will be ‘2’.

B)  Add Entry vs Quick Entry
Both method is used to enter transaction into UBS system.
Add Entry is used to enter a transaction debit and credit manually. Both debit and credit side have to enter separately.

Quick entry is more simple compared to Add Entry method. When we are using quick entry, we only have to enter debit or credit account. There are Master Account in Quick entry. The Master account normally we choose the account that appear many times in the transaction. When we use Quick entry, if the Master Account we choose is credit account, we only need to key in d transaction for the credit side. The debit side account will be entered automatically. 

C) Edit vs V.Edit


Edit and V.Edit is used to correct the mistakes that we entered wrongly.
However, Edit can be used to correct the mistake of a single transaction by debit or credit side only.

V. Edit can be used to correct the mistake of all the transaction entered in to the system.

D) Backup vs Restore

Backup is a step to do after we have finished all the transaction. We need to have backup to avoid our data lost.

Restore is when we need to used the document again. The document can be restored if we got do the backup for the documents.