AIS Flashcards
> specialized subset of information system that processes financial transactions.
Accounting Information System
> flows of information into and outdo the organization
Information Flows
external users
Trading Partners
> entities outside the organization with a direct or indirect interest in the firm, such
as stockholders, financial institutions, and government agencies
Stakeholders
> set of formal procedures by which data are collected, processed to information,
and distributed to others
Information System
> processes non-financial transactions not normally processed by traditional AIS.
Management Information System
> an event that affects or is of interest to the organization
can either be financial or nonfinancial
Transaction
> Economic event that affects the assets and equities of the organization.
Financial Transaction
> do not meet the narrow definition of a financial transaction.
Non-financial Transaction
produces traditional financial statement (financial statement, balance sheet,
statement of cash flows)
GEneral Ledger/Financial Reporting System
organization has few or no choices in the information it provides.
Non-discretionary Reporting
provides internal financing information needed to manage a business.
Management Reporting System
organization can choose what information to report and how to organize
it
Discretionary
model that describes all information systems
General Model for Accounting Information System
> users for whom the system is built.
internal users
End Users
reditors, stockholders, potential investors, regulatory agencies, tax authorities,
suppliers, and customers
External Users
> management in all levels of the organization as well as the operations personnel.
INternal Users
contracting with a third party vendor to take over the costs,
risks, and responsibilities a
IT Outsourcing
- location-independent computing variant of IT outSourcing
whereby shared data centers deliver hosted IT service over the internet
Cloud Computing
service providers host applications for client
organizations over a private network or the internet.
Software as a Service
provision of computing power and disk
disk space to client firms who access it from desktop PCs
i. Infrastructure as a Service