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AC 390 Ch 1-3
| Term | Definition |
|---|---|
| help address business opportunities | role of an accountant |
| accounting information system | system that records, processes and reports on transactions to provide financial and non-financial information to make decisions and have appropriate levels of internal controls for those transactions. |
| internal controls | security measures to protect sensitive data |
| walmart | has an extensive information system |
| possible input | sales at starbucks |
| possible storage | database of all sales at starbucks |
| possible processing | queries of what sells best at night |
| possible output | reports of what sells best at night |
| relevant and reliable | to be useful, information must have these attributes |
| relevant | information that is capable of making a difference in a decision |
| reliable | information that is free from bias and error |
| data | raw facts that describe an event and have little meaning on their own |
| information | data organized in a meaningful way to be useful to the user. Data serves as an input |
| business need/business event->data->information->knowledge->decision | steps of the information value chain |
| discretionary information | information that is not required by law |
| mandatory information | information that is required by law |
| system analyst | role of designer |
| database administrator | role of implementer |
| recording journal entries | role of user |
| auditor | role of evaluator |
| controller or CFO | role of manager |
| certified information systems auditor (CISA) | perform IT audits |
| certified information technology professional (CITP) | Work to effectively and efficiently manage information while ensuring the data’s reliability, security, accessibility and relevance |
| certified internal auditor | globally accepted certification for internal auditors |
| inbound logistics | activities associated with receiving and storing raw materials and other partially completed materials, and distributing those materials to manufacturing when and where they are needed |
| operations | activities that transform inputs into finished goods and services |
| outbound logistics | activities that warehouse and distribute the finished goods to the customers |
| Marketing and sales activities | identify the needs and wants of their customers to help attract them to the firm’s products and buy them |
| Service activities | provide the support of customers after the products and services are sold to them |
| Firm infrastructure activities | are all of the activities needed to support the firm, including the CEO, finance, accounting, and legal. |
| Human resource management activities | include recruiting, hiring, training and compensating employees |
| Technology activities | include all of the technologies to support value-creating activities. These technologies also include research and development to develop new products or research and development to determine ways to produce products at a cheaper price. |
| Procurement activities | involve purchasing inputs such as raw materials, supplies, and equipment |
| AIS | foundation for the enterprise system (ERP) |
| enterprise system | centralized database that collects data from throughout the company including orders, customers, sales, inventory, and employees. |
| supply chain | flow of materials, information, payments, and services from suppliers all the way through the customer. |
| Automate | replacing human labor in automating business processes |
| Informate-up | provide information about business activities to senior management, Summarize performance for senior management (digital dashboards, etc.) |
| Informate-down | provide information about business activities to employees across the firm, Give information to all levels of the organization to empower decision making |
| Transform | fundamentally redefine business processes and relationships |
| Business Process | a defined sequence of business activities that use resources to transform specific inputs into specific outputs to achieve a business goal |
| Business Analysis | the process of defining business process requirements and evaluating potential improvements |
| Business Model | a simple abstract representation of one or more business processes |
| Documentation | explains how business processes and business systems work; a tool for information transmission and communication |
| Sarbanes-Oxley Act of 2002 | Made documentation essential, Requires managers to assess and attest to the business’s internal control structure and procedures Requires external auditors to audit management’s assessment of the effectiveness of internal control |
| Effectiveness | are the outputs obtained as expected? |
| Efficiency | can outputs be produced with fewer inputs? |
| Internal control | are controls working? |
| Compliance | does the process comply with constantly changing local, state, federal, and international laws and regulations |
| activity models | Describe the sequence of workflow in a business process, Represent the sequential flow and control logic of a set of related activities, Tools for planning, documenting, discussing, and implementing systems |
| business process modeling notation | BPMN |
| BPMN | Specifically designed for process modeling, Designed to be understood by business people, Software available to support modeling and subsequent process simulation |
| pools | identify organizations |
| Swimlanes | identify departments or individuals |
| message flows | Exchanges between two participants (pools) in the same process |
| structure models | Describe the data and info structures inherent in a business process, Create blueprint for development of relational database to support collection, aggregation, and communication of process info, Facilitate use of databases after they are implemented |
| unified modeling language (UML) | includes notation for several other types of diagrams, including several structure diagrams, behavior diagrams, and interaction diagrams |
| Classes | are separately identifiable collections of things about which the organization wants to collect and store information |
| Associations | depict the relationship between two classes. |
| Multiplicities | describe the minimum and maximum number of times instances of one class can be associated with instances in another class |
| organization resources, persons, events, and conceptual structures | classes can represent |
| 1 or * | second number of multiplicity must be either |
| 0 or 1 | first number of multiplicity must be either |
| attributes | data elements that describe the characteristics of instances in a class (or rows in a table) |
| attributes | data elements that describe the characteristics of instances in a class (or rows in a table) |
| primary keys | An attribute or combination of attributes that uniquely identifies each instance in a class or row in a table |
| foreign keys | An attribute or combination of attributes that allows tables to be linked together |
Created by:
pace_sauce
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