Term
| What does AIS stand for? What is AIS? |
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Definition
| Collection of data and processing procedures that creates needed information for its users (it includes the processes and procedures by which an organization's financial/non-financial information are received, registered, recorded, handled, processed, stored, reported, and ultimately disposed of. |
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Term
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Definition
| Raw facts about event that have little organization or meaning (measurements of transactions) |
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Term
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Definition
| Processed (transformed) data into meaningful or useful information |
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Term
| What is Integration of Data? |
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Definition
| Using "Enterprise Resource Planning (ERP)" software packages to bring all their data into one application. ERP stand for (process, store, retrive. all of the data collected) |
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Term
| What are the Three Important functions of AIS? |
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Definition
1. Collect and Store Transaction Data.
2. Process the data into information to provide management useful information to help the decision making process.
3. Provide adequate internal controls for data accuracy and reliability. |
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Term
| What are examples of subsystems in AIS? |
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Definition
1. Sales Process: Selling goods and services, and collecting cash.
2. Purchase Process: Buying and paying for goods and services.
3. Production Process; Manufacturing products
4. Human Resource and Management Process: Hiring and paying employees, stores information about the employee.
5. Financing Process: Borrowing funds, repaying creditors and distributing profit. |
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Term
1. What is the information age
2. What are these individuals called? |
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Definition
1. Fewer workers are actually create products. They produce, analyze, manipulate, and distribute information about business activities.
2. Knowledge Workers |
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Term
| What's new in AIS and what are its uses and applications? |
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Definition
| Countering Terrorism, Corporate Scandals and accounting (Enron, WorldCom), and the Sarbanes-Oxley Act of 2002. |
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Term
| What are the Major Requirements of the SOX Act of 2002? |
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Definition
1. Forbids corporations from making personal loans to executives.
2. Requires CEO to personally vouch for the accuracy and completeness of its financial statements.
3. Public Companies must hire INDEPENDENT, NEW AUDITORS to review internal controls. |
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Term
1. What does WIFI mean?
2. What does it stand for? |
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Definition
1. Wireless Fidelity.
2. Ability to transmit and receive voice and data messages remotely without hard-wire connections to a phone line (cellphones) |
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Term
| What are the primary information components in AIS? |
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Definition
| Financial Accounting and Managerial Accounting. |
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Term
| What is Financial Accounting? |
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Definition
| Provide relevant information to external users. Provide and audit trail of accounting transactions allowing for the ability to follow the flow of the data through the system. |
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Term
| What is real time Reporting? |
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Definition
| AIS can produce financial accounting statements almost in real time |
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Term
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Definition
| Extensible Business Reporting Language. |
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Term
| What is interactive data? |
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Definition
| Data that can be reused and carried seamlessly from one application or report to another. |
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Term
| What is Managerial Accounting? |
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Definition
| to provide relevant information to a company's managers. |
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Term
| What is important in Managerial Accounting? |
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Definition
Cost accounting - measuring and controlling the costs associated with the business.
Budgeting - Is a financial projection for the future and is a valuable planning aid. |
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Term
| What is responsibility accounting? |
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Definition
| Tracing of unfavorable performance to the department or individual that caused the inefficiencies. |
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Term
| How is responsibility accounting measured? |
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Definition
| ROI, ROE, Cash Flows, Net Income |
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Term
| What is the Balanced Scorecard Measures? |
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Definition
1. Financial Performance
2. Customer knowledge
3. Internal business processes
4. Learning and Growing |
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Term
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Definition
| A financial Projection for the future. Also a useful control mechanism |
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Term
| Reasons for IT's importance to accountants? |
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Definition
1. It must be compatible with, and support the other components of an AIS.
2. Accounting Professionals help clients make HW & SW purchases.
Auditors must evaluate computer systems.
4. Accountants are asked to evaluate efficiency and effectiveness of an existing system.
5. IT affects how accountants will work in the future
6. Understanding this is vital |
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Term
| What are examples of input devices? |
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Definition
| POS, Microcomputer input devices: (keyboards, mouse, touchpad, joystick), Biometric scanner, Magnetic Ink Character Resources, Optical Character Recognition. |
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Term
| What is a Source Document? |
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Definition
Starting point in collecting most data.
A human readable document, can be completed by user, provide evidence of a transaction authenticity, usually starting point of an audit trail. |
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Term
| What is Peripheral Equipment? |
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Definition
| Equipment that helps the to process data. (keyboard, mouse, joystick) |
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Term
| In order to process manual source documents what must be done? |
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Definition
| Data Transcription. Its (inefficient, labor-intensive, time consuming, costly) |
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Term
| What does a behavioral system recognize? |
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Definition
| Signatures, voices, keystrokes. |
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Term
| What does a Psychological system recognize? |
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Definition
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Term
| What does enrollment mean? |
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Definition
| Process of creating digital templates for legitimate users? |
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Term
| What are the two main components of a CPU? |
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Definition
| Primary Memory, Microprocessor. |
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Term
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Definition
| to store data and program instructions temporarily for immediate processing and execution. |
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Term
| What is a microprocessor for? |
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Definition
| There is an arithmetic-logic unit portion that performs arithmetic. There is a Control Unit processor that actually supervises the actual data processing. |
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Term
| Examples of Output devices? |
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Definition
| Printed hard-copy output, soft onscreen output, audio output, |
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Term
| What does volatile Memory Mean? |
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Definition
| Meaning memory that loses its contents when electrical power is lost. |
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Term
| What is a computer Record? |
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Definition
| A collection of information about one file entity. (ex. one employee on a payroll file) |
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Term
| What are examples of Secondary Storage Devices? |
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Definition
| CD (read only method), USB Flash Drive, CD-R, DVD, Magnetic Tape. |
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Term
| What does Data Communication mean? |
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Definition
| transmitting data from different locations. |
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Term
| What is a communication channel? |
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Definition
| Physical path that data takes in data transmissions. |
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Term
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Definition
Virtual Private network.
Most used and uses encryption software for security. Most secure message system. |
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Term
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Definition
| Metropolitan Area Network, only in one city |
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Term
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Definition
| Metropolitan Area Network, only in one city |
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Term
| What does VAN stand for? What companies promote this product? |
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Definition
| Value-Added Network, was most used but because it is using private hardware and software its expensive. Sprint, Verizon, AT&T |
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Term
| What is the Client/Server system? |
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Definition
1. presentation component - what the user sees on the screen (display, monitor)
2. An Application logic component - The processing logic of a specific application
3. Data-Management component - its databases and the ways the system stores data. |
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Term
| Advantages of Client/Server Computing? |
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Definition
1. Flexibility of distributing HW, SW, and data throughout the computer networks.
2. Reduced telecommunication costs
3. The ability to install THIN CLIENTS SYSTEMS, which use inexpensive or diskless microcomputers. |
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Term
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Definition
| Only receive data NO PROCESSING TRANSACTIONS |
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Term
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Definition
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Term
| WHat are disadvantages of a Client/Server system? |
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Definition
1. Requirement of creating multiple copies of the same file.
2. Changing versions of an application program is very difficult.
3. User access and security are more difficult
4. The need for user training is very great. |
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