Ais Exam I Overview

Front 1

Facts that are collected, recorded, processed and stored by an information system.

Back 1

Data

Front 2

Data that has been organized.

Back 2

Information

Front 3

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.

Back 3

Accounting Information System (AIS)

Front 4

The passing of the idiosyncratic limit of the human mind creates _______.

Back 4

Information Overload

Front 5

Mandatory Information
Essential Information

Back 5

Information Nomenclatures provided to External Users

Front 6

Discretionary Information

Back 6

Information Nomenclatures provided to Internal Users

Front 7

You/the firm are required to have for regulatory concerns.

Back 7

Mandatory Information

Front 8

Information you need to conduct business.

Back 8

Essential Information

Front 9

Information that is NOT essential to business operations or required by outside regulators but that you will find beneficial to have.

Back 9

Discretionary Information

Front 10

1. People
2. Procedures and Instructions
3. Data
4. Software
5. Information Technology Structure
6. Internal Controls and Security Measures

Back 10

6 Components of an AIS

Front 11

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.

Back 11

3 Important Business Functions that AIS Fulfills

Front 12

-Inbound Logistics
-Operations
-Outbound Logistics
-Marketing and Sales
-Service

Back 12

Primary Activities in the Value Chain

Front 13

-Firm Infrastructure
-Human Resources
-Technology
-Purchasing

Back 13

Support Activities in the Value Chain

Front 14

Repetitive and routine (ie: invoicing)

Back 14

Decision Structure: Structured

Front 15

System supported, professional judgement required (ie: budget setting)

Back 15

Decision Structure: Semi-Structured

Front 16

Non-recurring, non-routine (ie: acquisition)

Back 16

Decision Structure: Unstructured

Front 17

An organization's AIS plays an important role in helping it adopt and maintain a strategic position.

Back 17

AIS and Corporate Strategy

Front 18

1 + 1 = 3

Back 18

Synergy