AC 390 Ch 1-3
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| 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
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
pace_sauce
Popular Accounting sets