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DS6.2 - IT Accounting

This topic is intended to enable collaboration and sharing of information to facilitate a better understanding and approach to implementing this COBIT control objective based on the risk, value and guidance provided by its corresponding control practices.

COBIT Control Objective DS6.2 - IT Accounting is contained within Process Popup Identify and Allocate Costs.

Learn more about COBIT and related publications.

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IT Accounting

Capture and allocate actual costs according to the enterprise cost model. Variances between forecasts and actual costs should be analysed and reported on, in compliance with the enterprise’s financial measurement systems.

View value and Risk Drivers  help

Hide value and Risk Drivers help


Value Drivers

  • More effective alignment promoted between business objectives and the cost of IT
  • Facilitated allocation of IT resources to competing IT projects and processes
  • Business units able to fully understand the total IT cost involved for delivering various business processes
  • The level of productivity increased and the business view and professionalism of staff within the IT organisation expanded through increased financial accountability
   Risk Drivers
  • Failure of the current accounting model to support equitable service chargeback
  • Costs recorded failing to comply with the enterprise’s financial accounting policies
  • The business having an incorrect view of IT costs and value provided

View Control Practices  help

Hide Control Practices  help

  1. Ensure that cost elements adequately capture IT service provision.
  2. Inspect the enterprise cost accounting system setup to ensure that all defined IT cost elements are appropriately captured in line with the enterprise’s cost accounting models.
  3. Ensure that all captured costs are allocated within the IT service function and the business in line with the enterprise’s cost accounting models.
  4. Ensure that changes in cost structures and business needs are identified and that budgets and forecasts are revised as required.
  5. Provide regular management reporting on IT costs to business and IT management. Analyse variances between budgets and forecasts and actual costs.

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Documents & Publications: 24 total

Events & Online Learning: 1 total

30 Sep 2013
ISACA International Event
Conferencia Latinoamericana
Medellín, Colombia
La Conferencia Latinoamericana CACS/ISRM 2013 en Medellín, Colombia es la conferencia principal latinoamericana para los profesionales de auditoría, riesgo y seguridad de la información. Ahorre más de EE.UU. $ 100 si se inscribe antes del 7 de agosto!
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Journal Articles: 31 total

View All »
Volume 1, 2013
Creating the Business Case for ERP System Acquisitions Using GEIT
by Gregory Zoughbi, CISM, CGEIT, PMP, TOGAF9, ITIL Expert, COBIT 4.1 (F)
Many organizations choose to acquire an enterprise resource planning (ERP) system to serve as a common system for their wide range of daily operations.
Volume 4, 2012
Applications of Business Process Analytics and Mining for Internal Control
by Filip Caron and Jan Vanthienen, Ph.D.
This article aims to introduce business process analytics and mining to the information systems (IS) audit and control community.
Volume 4, 2012
Seven Myths of Information Governance
by Vasant Raval, DBA, CISA, and Greg Dyche
In this article, the term “governance” is used in the sense of information governance to discuss certain myths or misunderstandings of governance.
Volume 3, 2012
Project Portfolio Management
by Aarni Heiskanen, LJK
A program or project portfolio explains how an organization is implementing its strategy with projects.
Volume 3, 2012
JOnline: Book Review—Security, Audit and Control Features Oracle PeopleSoft, 3rd Edition
by ISACA | Reviewed by Shasikanth Malipeddi, CISA
Oracle PeopleSoft HCM is one of the most commonly used human capital management (HCM) system found in medium to large companies in the US.
Volume 1, 2011
JOnline: Risk Management When Implementing ERP Systems
by Jeffrey T. Hare, CISA, CPA, CIA
This article focuses on the types of risk advisory services that are common during an ERP implementation.
View All »

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Blog Posts: 5 total

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20 Jun 2012
EAI Challenges
The increased complexity and diversity in the information systems and the inability to rebuild the information systems from scratch is forcing enterprises to look at EAI as an alternative solution that will help extend the life of the existing application...
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17 Aug 2011
IT Security
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17 Jun 2011
Discover Unstructured processes
These are five possible ways to discover Unstructured Processes. Regulatory and Compliance processes - People-intensive processes that are kicked off as a result of an external regulatory body and these processes tend to be ad-hoc & on-going change, but...
Posted By : Varun | 1 comments
22 Apr 2011
IT-thing in IFRS conversion
Converting to IFRS poses a significant challenge to organizations globally.  Many companies initially view the conversion process as solely an accounting challenge and fail to take into consideration the significant roleplayed by IT systems and processe...
Posted By : Iwan A | 0 comments
21 Dec 2010
Firma del convenio entre PMI Valencia e ISACA Valencia
Se potencia la relación mutua y se acuerda la promoción del Sector TIC de la Comunidad Valenciana. La semana  pasada se llevó a cabo la firma de un convenio de colaboración entre los capítulos valencianos de las asociaciones más importantes a nivel mundia...
Posted By : JavierPeris.Org | 0 comments
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