AC 390 Ch 1-3 Word Scramble
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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 |
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