Find Resources & Connect with members on topics that interest you.

AI - Acquire and Implement

PO - Plan and Organize

DS - Deliver and Support

Please sign in to see your topics.

You must be logged in to join this group.

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.

Click “Join This Community” to be able to actively participate in discussions and contribute content. You must be an ISACA member to join this topic. Join ISACA now.

This Topic Has:
5 Members
0 Online
4457 Visits

 Recent Discussions

Community Leader

Knowledge Center Manager

Knowledge Center Manager

Title: Become a Topic Leader!

Badge: Energizer

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.

Discussions: 0 total

Must be a Topic member to contribute

No Results Found

Documents & Publications: 11 total

Must be a Topic member to contribute
View All »
Posted by ISACA 532 days ago
Posted by ISACA 861 days ago
Posted by ISACA 1164 days ago
Posted by FarmService 1453 days ago

Events & Online Learning: 1 total

13 Aug 2018
ISACA International Event
Nashville, Tennessee, US
2018 GRC Conference - 13-15 August , Nashville, TN. Explore the future of Governance Risk and Control through expert-led workshops and sessions developed by the IIA and ISACA. Register early for our GRC learning tracks.

Journal Articles: 26 total

Volume 3, 2017
by Vasant Raval, DBA, CISA, ACMA, and Rajesh Sharma, Ph.D., ITIL-F, Six Sigma Black Belt
Success does not teach much, if anything; it is the failure that provides lessons to do better in the future.
Volume 3, 2016
by Joseph Zipper, CISA, IPRC, PMP
Efficient and effective auditing of major projects requires a flexible approach, where audit is actively engaged throughout the project life cycle.
Volume 2, 2016
by Alan Moran, Ph.D., CRISC, CITP
The inherent cadence and iterative nature of Agile practices make them well suited for the management of a wide range of risk commonly encountered in product development and related projects.
Volume 2, 2016
by Laurent Renard, CISA, CISM, CGEIT, CRISC, COBIT Foundation, DevOps, GRCP, ITIL Expert, Lean Six Sigma BB, MoP, MSP, P3O, PMIACP, PMI-PBA, PMP, PRINCE2, Resilia, Scrum PSM-PSPO, TOGAF
IT helps organizations achieve their goals and optimize their profitability by balancing risk at an acceptable level.
Volume 1, 2016
by Joshua J. Filzen, Ph.D., CPA and Mark G. Simkin, Ph.D.
Auditors often embed colored labels and background hues in spreadsheets to enhance a worksheet’s organization, readability and visual appeal.
Volume 5, 2015
by Ed Gelbstein, Ph.D.
What causes large software projects to have significant cost and timescale overruns and/or fail to meet expectations or, in a worst case, be abandoned before completion?

Wikis: 2 total

Blog Posts: 12 total

Mi primer acercamiento real al Framework (o Marco de Referencia) de ISACA COBIT 5, fue a mediados del año pasado (2016) cuando decidí tomar un curso de examinación para la certificación de COBIT® 5 Foundation (Fundamentos de COBIT 5). La jerga técnica me ...
Posted By : MNUNEZA | 0 comments
Senior Manager           ultimate responsibility Information security Officer          functional responsibility Security Analyst           Strategic, develops policies and guidelines Owner         - Responsible for asset         - Determine level of clas...
Posted By : Muhammad554 | 0 comments
“Enterprise architecture is now a strategic componentof every forward-thinking organization around the world.”Source: Related Article: Common Perspective on Enterprise Architecture: http://feapo....
Posted By : SA | 1 comments
Let us have positive inspirational slogans for every situation. Last week I started the project meeting like this: I don't know you are all so good at tuning the website. The performance is now is wonderful. I could witness reduction of stress, anxiety an...
Posted By : Jayakumar Sundaram | 1 comments
13 Nov 2014
You are invited to comment on my post in ISACA Now which can be accessed using the following link: Title: From games to government, babies to business--the role of strategyLink: Shahi...
Posted By : SA | 0 comments
Ina fast changing world of business and relentless competition, strategicplanning is not only critical, but also the differentiating factor for anorganization. Since IT has moved from a supportive role to a more strategicrole, the IT Strategic Planning an...
Posted By : SA | 0 comments