Ashley Richardson 11/15/2013 Western Governors University AUO1 – Auditing and Information Systems Additional Study Questions/ Study Guide 1. Accounting Information Systems Competency 302.1.1: Nature and Purpose The student understands the nature and purpose of information systems. * What is the difference between transaction processing systems, management information systems, and decision support systems? 2. Transaction processing systems - document financial activities 3. Management information systems - used to collect qualitative as well as quantitative information for decision making within organizations 4. Decision support systems - help the developers of an AIS identify what information they …show more content…
4. Process maps also describe the flow of information through an organization, use only a few symbols, and (to many) are among the easiest to draw and understand. 5. Two additional documentation tools are program flowcharts and decision tables. Accountants do not need to be programmers to evaluate or design an accounting information system, but they should understand in general terms how these tools work. 6. A variety of software tools exist for documenting AISs. These include standard personal productivity tools such as word processing and spreadsheet software, specialized CASE tools, and software packages designed to help companies comply with SOX and AS5. * What are effective coding systems used in AIS? * Accounting information systems depend on codes to record, classify, store, and retrieve financial data. Although it is possible in a manual system to use simple alphabetic descriptions when preparing journal entries, computerized systems use numeric codes (codes that use numbers only) or alphanumeric codes (codes that use numbers and letters) to record accounting transactions systematically. For example, a manual journal entry might include a debit to the “Direct Materials Inventory” account. In a computerized system, the debit might be to account “12345.” * Alphanumeric codes are important in computerized systems, as they help to ensure uniformity and consistency. * AISs typically use several
4. Which of the following is NOT a key element of the definition of management information systems (MIS)?
There are several techniques used in the documentation process. As a system analyst I would propose to the members of this group a straightforward standardized approach. A reasonable suggestion for this project would be to use the Procedure Manual technique for documenting this system. The Procedure Manuals will provide instructions on how to operate and understand how the system works. These manuals are also used as a guide that can be updated at different intervals for future users. Procedure Manuals are also made available to users via the Web. This new approach has made it convenient for users to seek support in a much faster way by offering a FAQ page, and online chat (Kendall & Kendall, 2011). In
That you may input the wrong information, in as far as a phone number or address details. If these are stored or only inputted once as a header and footer then there is consistency in the formatting of the details and the chance of the information being incorrect is limited
1. Culture is an adaptational response to three factors—____. These three factors combine to produce ways of living, and culture is an abstract concept that explains and describes those ways.
- Of the following, the most efficient method for sterilization of a bacteriological transfer loop is
Competency 302.2.1: Current Tax System. The student understands the nature, purpose, and scope of the current U.S. tax system.
ProductSAP ERP GBIRelease 6.04LevelUndergraduateGraduateBeginnerFocusAccounting Entries in Manual and Automated SystemsIntegration of Accounting JournalsAuthorsJim MenschingNancy JonesContributorsPatti BrownVersion1.0
Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial
Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual
ABSTRACT: It is challenging for students taking the introductory accounting information systems AIS course to envision how to apply the topics and concepts learned during the course in real-world situations. The motivation for this case study is to have groups of students apply the many topics and concepts learned in the first AIS course to a hypothetical real-world company situation, with particular emphasis on developing a proposed new and improved system for the
⎝ On the other hand the Transaction Processing system (TPS) is not shown in the video. They are computerized systems used to perform and record the daily routine transactions necessary to make properly the business (like a sales order, an employee record keeping, or a payroll). It is an operational help to
The purpose of this report is to explain what “Management Information Systems” (MIS) is. This report will discuss how management information system helps different departments in an organization. The functions and advantages of using MIS will also be examined in this report.
11. Note the word “support” in decision support systems. Why these applications are not called decision-making systems?
Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper
Decision support systems on the other hand have been an important addition to the computerized support in various activities particularly with respect to providing a solution to managerial problems. Computerized decision support is now being widely employed in multi varied disciplines such as research support, disaster management, medical support and supply chain management etc. After the