Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
18 Cards in this Set
- Front
- Back
|
Facts that are collected, recorded, processed and stored by an information system.
|
Data
|
|
|
Data that has been organized.
|
Information
|
|
|
A system that collects, records, stores, and processes data to produce information for decision makers.
Does not have to involve a computer or set of computers. |
Accounting Information System (AIS)
|
|
|
The passing of the idiosyncratic limit of the human mind creates _______.
|
Information Overload
|
|
|
Mandatory Information
Essential Information |
Information Nomenclatures provided to External Users
|
|
|
Discretionary Information
|
Information Nomenclatures provided to Internal Users
|
|
|
You/the firm are required to have for regulatory concerns.
|
Mandatory Information
|
|
|
Information you need to conduct business.
|
Essential Information
|
|
|
Information that is NOT essential to business operations or required by outside regulators but that you will find beneficial to have.
|
Discretionary Information
|
|
|
1. People
2. Procedures and Instructions 3. Data 4. Software 5. Information Technology Structure 6. Internal Controls and Security Measures |
6 Components of an AIS
|
|
|
1. Collects and stores data about organizational activities, resources, and personnel.
2. Transforms data into information that is useful for making decisions so management can plan, execute, control and evaluate activities, resources, and personnel. 3. Provides adequate controls to safeguard the organizations assets & data and ensure the assets & data are available when needed & the data are accurate/reliable. |
3 Important Business Functions that AIS Fulfills
|
|
|
-Inbound Logistics
-Operations -Outbound Logistics -Marketing and Sales -Service |
Primary Activities in the Value Chain
|
|
|
-Firm Infrastructure
-Human Resources -Technology -Purchasing |
Support Activities in the Value Chain
|
|
|
Repetitive and routine (ie: invoicing)
|
Decision Structure: Structured
|
|
|
System supported, professional judgement required (ie: budget setting)
|
Decision Structure: Semi-Structured
|
|
|
Non-recurring, non-routine (ie: acquisition)
|
Decision Structure: Unstructured
|
|
|
An organization's AIS plays an important role in helping it adopt and maintain a strategic position.
|
AIS and Corporate Strategy
|
|
|
1 + 1 = 3
|
Synergy
|
