Book Details

Content

Table of Contents Preface .......................................................................................................................... ix Chapter I. A Framework for Digital Accounting ............................................................................ 1 Digital Accounting, E-Accounting and the E-Thing .......................................... 1 Roots of Digital Accounting ................................................................................ 2 The Internet and Digital Accounting .................................................................. 3 Costs and Benefits of Digital Accounting ......................................................... 10 Structure of the Book ........................................................................................ 12 Summary ............................................................................................................ 13 References .......................................................................................................... 13 Endnote ............................................................................................................. 14 Chapter II. The Evolution of Accounting Software ........................................................................ 15 History of Accounting Software ........................................................................ 15 What Constitutes Accounting Software? .......................................................... 27 Looking Ahead .................................................................................................. 32 Summary ............................................................................................................ 34 Appendix A: A Checklist for E-Commerce Features ......................................... 38 References .......................................................................................................... 35 Endnote ............................................................................................................. 14 Chapter III. The XML-Based Web Languages and Accounting ..................................................... 42 XML: What’s in it for Accountants? .................................................................. 42 History of Markup Languages .......................................................................... 44 v What is XML? .................................................................................................... 48 XML Document ....................................................................................... 48 XML Supplementary Technologies ........................................................ 56 XML Tools and Software ........................................................................ 61 Advantages and Disadvantages of XML ................................................ 62 XBRL .................................................................................................................. 63 Structure of XBRL ................................................................................... 64 XBRL Taxonomies ................................................................................... 64 XBRL Instance Documents ...................................................................... 72 XBRL Tools and Software ....................................................................... 77 Audit and Control Issues in XRBL .......................................................... 78 Conclusion ........................................................................................................ 80 Summary ............................................................................................................ 80 References .......................................................................................................... 81 Endnotes ............................................................................................................ 84 Appendix A: Applications of XML-Based Languages in Accounting ................................................................................................ 84 Chapter IV. Electronic Data Interchange ....................................................................................... 88 What is Electronic Data Interchange? ............................................................. 88 EDI Standards and Standard-Setting Organizations ....................................... 90 Infrastructure for EDI Solutions ........................................................................ 96 Accounting Software and EDI ........................................................................... 99 Financial EDI .................................................................................................. 103 EDI in the E-Era .............................................................................................. 110 EDI/XML ............................................................................................... 110 EDIINT .................................................................................................. 114 Internal Controls in EDI ................................................................................. 118 Benefits and Costs of EDI ................................................................................ 122 Looking Ahead ................................................................................................ 126 Summary .......................................................................................................... 126 References ........................................................................................................ 127 Chapter V. The Revenue Cycle .................................................................................................... 131 Revenue Cycle Activities ................................................................................. 131 Sales Orders ..................................................................................................... 133 SAP CRM Tools .................................................................................... 135 CRM and Sales Orders ......................................................................... 141 Credit Approvals ............................................................................................. 143 Warehousing and Shipping ............................................................................. 149 Billing .............................................................................................................. 152 EIPP and EBPP Processes .................................................................... 153 Models for EIPP and EBPP .................................................................. 155 Infrastructure for EIPP and EBPP ........................................................ 160 Advantages and Disadvantages of EIPP and EBPP ............................ 162 Receivables and Collections ........................................................................... 165 Online Management of Receivables ..................................................... 165 Electronic Payment Methods ............................................................... 168 B2C Payment Methods ......................................................................... 169 B2B Payment Methods .......................................................................... 181 Electronic Lockboxes ........................................................................... 183 A Word on Digital Cash ....................................................................... 183 Summary .......................................................................................................... 185 References ........................................................................................................ 186 Endnotes .......................................................................................................... 189 Chapter VI. The Expenditure Cycle .............................................................................................. 190 Expenditure Cycle Activities ........................................................................... 190 Ordering, Receiving and Paying for Goods .................................................... 192 Supplier Selection Strategy ................................................................. 194 Identifying and Selecting Suppliers ..................................................... 195 Contract Negotiations and Contract Management ............................. 196 Supplier Self-Service ............................................................................ 197 Support for Auctions ............................................................................. 197 Electronic Invoicing and Settlement .................................................... 198 Content Management ........................................................................... 201 Employee Self-Purchasing .................................................................... 202 Procurement Cards ............................................................................... 205 Unusual Items and Exceptions ............................................................. 210 Purchasing Intelligence ....................................................................... 210 SAP SRM Tools ..................................................................................... 212 Expenses and Payroll ...................................................................................... 215 Online Management of Expenses ......................................

Related Books

Books by the Same Author