Chap 1 - AIS and the Accountant Flashcards
A system cost accountants use to track costs
ABC - Activity-Based Costing
What is a collection of data a processing procedures that creates needed information of its users?
accounting information system
What is data?
Raw facts
What is information?
Data that is made useful or meaningful
What is an audit trail?
the path that data follows as it flows through an AIS
What is the ISACA?
Information Systems Audit and Control Association
What is a CISA?
Certified Informations Systems Auditors
A person who uses a variety of skills and abilities such as statistical analysis, data modeling, and data mining to make predictions about future events for management
predictive analytics professional
The purpose of _________ is to provide assurance that a company engaged in electronic commerce can provide the goods or services it promises.
CPA Trust Services
ERP stands for what?
Enterprise Resource Planning
What is a feature that includes a variety of methodologies that managers might use to analyze current and past data to help predict future events or trends?
predictive analytics
A large amount of data sets in data warehouses is called?
big data
What is e-business and what is e-commerce?
E-business = conducting business over the internet or networks E-commerce = a subset of e-business which refers mostly to buying and selling on the internet
Financial Accounting vs Managerial Accounting
F = provide relevant info to individuals and groups outside an organizations boundaries (investors, fed and state tax agencies and creditors) M = provide relevant info to organizational managers (users who are internal to a company or gov)
What is the basic idea behind REA accounting?
storing important non financial info about resources, events and agents in databases precisely because they are relevant to the decision making processes of their users.
