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AIS 1

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Answer
Enterprise Systems   Integrates business process and information from all of an organization's functional areas  
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Enterprise Resource Planning (ERP) Systens   Software packages used for the core systems necessary to support enterprise systems  
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E-Business   Application of electronic networks to undertake business processes b/n individuals and organizations  
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Internal Control   Process designed by BOD, management, and other personnel to provide reasonable assurance regarding achieving objectives in: efficiency and effectiveness of operations, reliability of reporting, and compliance w/ applicable laws & regs  
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SarBox (Section 404)   Management must identify, document, and evaluate significant internal controls;  
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SarBox (Section 409)   Requires disclosure to public on "rapid and current basis" of material changes in organization's financial condition  
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System   Set of interdependent elements that together accomplish specific objectives  
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Subsystem   Each part of a system; can be further divided into its component parts or subsystems  
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Central theme of AIS   You must know a business organization's objectives to understand that business as a system and to understand the actions and interactions of that business's components or subsystems  
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Information Systems (IS)   System that generally consists of integrated set of computer-based and manual components established to collect, store, and manage data and to provide output information to users  
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Information Process (IS)   Portion of IS related to particular business process  
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Operations Process   System consisting of people, equipment, organization, policies, and procedures whose objective is to accomplish the work of the organization  
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Management Process   System consisting of people, authority, organization, policies, and procedures whose objective is to plan and control the operations of the organization  
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3 most important management activities   Planning, controlling, decision making  
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Information   Data presented in a form that's useful in decision-making activity  
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Data   Facts of figures in raw form  
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Function of IS   Capture and transform data into information  
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Effectiveness   Information relevant and pertinent to business process as well as being delivered in timely, correct, consistent, and usable manner  
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Understandability   Enables users to perceive the information's significance  
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Relevance   When information’s capable of making a difference in a decision-making situation by reducing uncertainty or increasing knowledge for that particular situation  
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Efficiency   Concerns provision of information through optimal (most productive and economical) use of resources. Measure of productivity of resources applied to achieve set of goals  
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Integrity   Accuracy and completeness of information; validity in accordance with business values and expectations  
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Reliability   Provision of appropriate information for management to operate the entity and exercise its fiduciary and governance responsibilities  
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Predictive Value and Feedback Value   Information quality that improves a decision maker's capacity to predict, confirm, or correct earlier expectations  
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Verifiability   High degree of consensus about the information among independent measurers using the same measurement methods  
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Comparability   Information quality that enables users to identify similarities and differences in 2 pieces of information  
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Validity   Information quality concerning the inclusion of actual events and actual objects  
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Enterprise Database   Central repository for all the data related to the enterprise’s business activities and resources  
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Purpose of AIS   Collect, process, and report info related to financial aspects of business events  
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Created by: niana23
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