CPE Session 19: Sunday, August 3, 8:00 AM – 12:00 PM

Description/Objectives:
Integrating e-commerce/business in the accounting curriculum has been a challenge. Neither the pervasive effects of e-commerce on internal and external accounting processes are clearly articulated nor a conceptual approach for handling these changes has been formulated. This workshop illustrates an approach that focuses on chronicling and analyzing e-commerce developments in the context of accounting cycles. For example, few changes in the revenue cycle are as follows: online real-time nature of sales orders coming through B2B or B2C storefronts, online credit approvals, electronic bill presentment and payment, electronic lockboxes, e-cash, and online management of receivables. Some examples in financial reporting area are: web-enabled virtual close, web-based executive dashboards, and enterprise information portals. This workshop will cover major changes in accounting workflows in revenue, expenditure, conversion, and financial reporting cycles. We will discuss integration of these developments in accounting, particularly accounting information systems or as a stand-alone course, student assignments, and materials available for implementing this approach, among other things. Additionally, if time permits, we will look at the web-related capabilities of accounting software, effects of XML/XBRL, and a conceptual approach to internal controls in the e-commerce environment.

Format/Structure:
Primarily a lecture/discussion format.

Intended Audience:
Professors interested in integrating e-commerce/business in the accounting curriculum, particularly relevant to accounting information systems and auditing professors.

Presenter:
Ashutosh Deshmukh, Pennsylvania State University at Erie