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13 Cards in this Set
- Front
- Back
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input
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collection & entry of data into info system
transactions (source doc) |
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Processing
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turn raw data into info, record, classify, sort, analyze, and verify data
journalize, post to gen led, compute acct bals, worksheet |
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storage
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maintage of data for future use
journals, ledgers (gen & subsid) WS |
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Output
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delivery of info to users in useful form
financial statements |
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Info for the user needs should be...
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1. understandable
2. relevent to user 3. timely 4. reliable 5. worth the cost of generating |
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Analysis phase of system development
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focus on user needs and must asses info value in terms of the user
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designing an info system
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best meets user's needs
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implementing info system
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run in parallel with existing system
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feedback from info systems
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users provide... used to analyze performance and improve it
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Internal control
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safeguard assets
generate accurate business info operate efficiently and effectively insure company policies are followed |
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Control Envirnoment
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Internal control
over attitude, awareness, and actions of internal groups 3A's |
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Risk Assessment
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Internal Control
comp's ability to identify, evaluate, and manage risks to advoid them. |
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Info and communication systems
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Internal Control
identify, record, summarize, and report info (from all other internal control elements)to evaluate performance and operations, identify problems, and make decisions |
