Describe the information processing operations required to update the
general ledger and to produce reports for internal and external users.
Identify the major threats in general ledger and reporting activities and
evaluate the adequacy of various control procedures for dealing with
them.
Understand the implications of new IT developments, such as XBRL, and
changes in external reporting requirements, such as IFRS, for the design
and operation of the general ledger and reporting system.
Discuss how tools such as responsibility accounting, balanced
scorecards, and graphs can be used to provide information managers
need to effectively monitor performance.
