11/11 Class Flashcards
cycle
risks and assertions
controls
we need them
periodic method
we had to do some closing entries
closing entries for closing out the month and year
allow for doubtful, income summary/temporary accounts,
controls
we need them
systems development life cycle
- What does management want?
- Then they hire good people
- In IT we need to control those guys,
steering committee
made up of CTO, accounting, and other people that will look at the IT department and what they do to funnel it and make things better. We need to see if we have the money or the time to do things. Rate of return
programmers
tweak the code
IT governance
decides who accesses what
database administrators
people who maintain an application and mapping it.
security professionals
chief security officers people who look for hackers and other security threats
Rule 1
segregation of duties - we have to have different people doing different things in IT
list of people
system administrators, programmers, isolate programmers into the programming cycle and don’t let them into the real environment
System development lifecycle
give them a budget tell them what it should look like and follow them along the way
we build it or we buy it
phases of system development lifecycle
planning - decide what we want
analysis - do an analysis of our current situation, find out how it is working and what the problems are. Then we see what the users want and make if functional with our companies
design - when we put it on paper and then the administrators and programmers make it, we have to make it user friendly, verify it aligns with the company strategy
implementation - putting the system in
maintenance
BPR business process reengineering
we look at a process and see how to make it better
RFP Request for proposal
we find someone who finds what the options are out there and then find out who can do it, if we can’t find someone then we build it.
Feasibility study
can we do this?
parallel
doing both systems at the same time
direct cutover, big bang theory,
you stop the old system and start the new one
phase in
do it one system at a time to find any errors
pilot
when you have only one area test it and find if it works
scrubbing data
getting the data ready for the new system
change management
one person does each thing
