1) Describe Information Systems with specific reference to Accounting Information Systems Define an AIS Define and explain 1) Data, 2) Information, and 3) Knowledge and how they relate Explain the Qualities of Information particularly in terms of how they relate to Financial Reporting 2) Enterprise Resource Planning Define an ERP System Discuss how an ERP system solves the problems posed by a Decentralized Value Chain Research and discuss different ERP software vendors. What are the benefits of using SAP ERP software, particularly as they relate to Accounting? Discuss the FI and CO Modules particularly as they relate to the SAP ERP program, and explain why the Accounting modules need to be integrated with every other functional area of the business. 3) Internal Controls in Accounting Information Systems Discuss the Ethical considerations behind the COSO Framework Explain the Five Components of Internal Control under the COSO framework Determine the overarching Goals of Internal Control as they relate to Operations and Information Processes Why is it important that Internal Controls be built into a system like SAP ERP? 4) FI Case Study Analysis Discuss the steps you performed in the Accounting Cycle that you went through in this Case Study. Look at the Financial Statement you created in at the end of Step 13. What Statement(s) do you see that are shown at the end of this step? Who would benefit from using these Financial Statements? What kind of decisions can be made with these Financial Statements