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![]() Systems Understanding Aid 7th Edition AuthorsArens & Ward
A comprehensive case problem to help students of auditing, systems, or financial accounting courses understand the role and importance of basic business documents, records and information flows in the accounting process.
Most Important Changes in the Seventh Edition
Two Transaction Set OptionsOPTION A
The number of transactions is minimized (one or two from each transaction cycle, for a total of 19 transactions in the whole case). Estimated completion time 15-18 hours.
OPTION B
There are more and a wider variety of transactions (30 total) to further reinforce financial accounting concepts. Estimated completion time 16-20 hours.
Why Hundreds of Professors |
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The instructor chooses requirements from flexible options and has students do some or all of the following:
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Adopters use the SUA in a wide variety of different courses.
Some use it in AUDITING, usually in the first part of the course. These adopters believe students must understand basic documents, records, and the accounting process before studying audit evidence accumulation.
Some use it in INTERMEDIATE FINANCIAL ACCOUNTING, usually in the first part of the course. These adopters believe all accounting majors need to understand the accounting process.
Some use it in INFORMATION SYSTEMS, usually in the first part of the course. These adopters use it as the starting point for studying computerized systems and advanced systems topics.
Some use it in PRINCIPLES OF ACCOUNTING, usually later in the course. These adopters believe all students of accounting should have an understanding of basic documents, records, and the accounting process.
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Objectives of the Systems Understanding Aid:
· Help students understand flowcharts, documents, records, internal controls, and their role in the accounting process.
· Help students see the big picture of accounting by doing all phases of an accounting project.
· Help students understand accounting transactions and their relationship to financial statements.
Objectives of the two computerized accounting software supplements:
· Help students learns to use computerized accounting software.
· Help students learn to do such things as perform maintenance, process transactions, obtain information from computerized data, prepare and print reports and documents, export to Excel and deal with computerized internal controls.
How the Systems Understanding Aid and the two computerized accounting supplements tie together:
· Students first complete the entire Systems Understanding Aid including processing daily, month-end and year end transactions. They also prepare selected documents and several year-end reports.
· Students then complete one of the two computerized accounting supplements. Each accounting supplement includes the same transactions and other requirements in one chapter that the students completed in the Systems Understanding Aid and get the same result.
· Students accomplish the objectives of both projects and see the differences and similarities of manual and computerized systems.

Selecting a computerized supplement:
Computerized Accounting Using Peachtree by Sage Complete Accounting 2008
· Peachtree by Sage Complete Accounting 2008 is widely used software by small- and medium-sized businesses and is less complex for students to complete.
· One chapter in Peachtree by Sage Complete Accounting 2008 requires students to process the same transactions and other requirements included in the Systems Understanding Aid and compare the results.
· After students have done both projects, they will have a better understanding of what happens in computerized systems. This understanding facilitates exploring such topics as the documents used in computerized systems and computerized internal controls. Learn More
Computerized Accounting Using Microsoft Dynamics GP 10.0
· Highly respected computerized accounting software for medium-sized businesses. Great Plains was purchased by Microsoft in 2001.
· More sophisticated than most accounting software for small businesses. A typical application costs several thousand dollars installed.
· Relevant for accounting majors who will be working with a CPA firm or in industry.
· Easy for students to learn and use. Instructions are provided with the materials. Learn More
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