Preface xi Corporate Governance and Internal Control 1 Corporate Rights, Responsibilities, and Authority 1 17 Principles of Internal Control 6 Limitations of and Deficiencies in Accounting Controls 10 Categories of Controls 12 Internal Control Monitoring Purpose and Terminology 15 Fraud Risk Management 19 The COSO ERM Model 22 Enterprise Risk Management: Limitations 25 Introduction to Enterprise Risk Management 26 ERM Components, Principles, and Terms 32 ERM Governance and Culture--Principles 1-5 36 ERM Strategy and Objective Setting--Principles 6-7 37 ERM Strategy and Objective Setting--Principles 8-10 38 ERM Performance, Review, and Communication--Principles 10-11 39 ERM Performance, Review, and Communication--Principle 12 40 ERM Performance, Review, and Communication--Principle 13 41 ERM Performance, Review, and Communication--Principle 14 42 Monitoring, Review, and Revision--ERM Principles 15-16 43 Monitoring, Review, and Revision--ERM Principles 16-17 44 ERM Communication and Reporting--Principle 18 45 ERM Communication and Reporting--Principles 19-20 46 Practical Steps for Starting an Enterprise Risk Management (ERM) Initiative 47 Information Technology and Communications 50 Risks and Controls in Computer-Based Accounting Information Systems 50 The COBIT Model of IT Governance and Management 52 System Development and Implementation 55 Introduction to E-Business and E-Commerce 57 Risks of E-Commerce 58 Introduction to Enterprise-Wide and Cloud-Based Systems 59 Data Governance and Data Management 61 Data, Metadata, and Data Integrity 67 Data Structures, Software, and Databases 71 Information Systems Hardware 73 Size and Power of Computers 74 Storage Devices 75 Transaction Processing 76 Accounting System Cycles 77 Emerging AIS Technologies 78 What is Big Data? 83 Bitcoin and Blockchain 85 Artificial Intelligence and Machine Learning 89 Computer Networks and Data Communications 96 The Internet--Structure and Protocols 98 Economic Concepts 101 Demand 101 Supply 105 Market Equilibrium 108 Consumer Demand and Utility Theory 110 Inputs and the Cost of Production 111 Gross Measures--Economic Activity 113 Gross Measures--Employment/Unemployment 114 Aggregate Demand and Supply 115 Business Cycle 116 Price Levels and Inflation/Deflation 118 Money, Banking, and Monetary/Fiscal Policy 121 Reasons for International Activity 123 Introduction to Business Strategy and Market Analysis 127 Financial Management 128 Introduction to Financial Management 128 Time Value of Money Tools 132 Financial Valuation 134 Introduction and the Payback Period Approach 135 Introduction and Financial/Capital Structure 140 Introduction to Working Capital Management 148 Accounts Receivable Management 152 Quality and Inventory Management 153 Quality Control 157 Performance Measures and Management Techniques 164 Manufacturing Costs 164 Costing Methods 166 Cost Behavior Patterns 170 Absorption and Direct Costing 175 Joint and By-Product Costing 181 Budgeting 184 Master and Static Budgets 185 Forecasting Techniques 191 Cost-Volume-Profit (Breakeven) Analysis Calculations 194 Transfer Pricing and Benchmarking 196 Measurement Frameworks 197 Project Management and Benchmarking 202 Index 206.