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11 Cards in this Set
- Front
- Back
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Information Value Chain
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the overall transformation from a business need and business event to the collection of data and information to an ultimate decision
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Discretionary Information
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information for internal purposes only. THERE IS NO LAW REQUIRING THIS TO BE PROVIDED.
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Information Overload
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the difficulty a person faces in understanding a problem and making a decision as a consequence of too much information
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Is data an input or an output?
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INPUT
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Is information considered an input or output?
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OUTPUT
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Mandatory Information
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information that is REQUIRED to be generated or provided by law or regulation (i.e tax and financial information)
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What must information include to be RELEVANT?
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Must potentially impact a decision that a decision maker must make and have- 1)predictive value 2)feedback 3)received on a timely basis |
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What must information include to be RELIABLE?
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info must be- 1)verifiable 2) representationally faithful 3) neutral |
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3 ways AIS can add value to the firm?
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-providing decision relevant information to management (CRM, Enterprise, Supply Chain) |
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Specific Accounting Roles
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1. user 2. manager 3. designer 4. evaluator |
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How does a USER accountant use AIS?
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input JE's, using financial spreadsheet, using anti-virus software
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