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AIS > CHAPTER 1 > Flashcards

CHAPTER 1 Flashcards

1
Q

a group of two or more interrelated components or subsystems that serve a common purpose

A

system

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2
Q

A system must contain more than one part.

A

MULTIPLE COMPONENTS

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3
Q

A common purpose relates the multiple parts of the system

A

RELATEDNESS

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4
Q

. The distinction between the terms system and subsystem is a matter of perspective.

A

SYSTEM VERSUS SUBSYSTEM

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5
Q

A system must serve at least one purpose, but it may serve several.

A

PURPOSE

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6
Q

the process of dividing the system into smaller subsystem parts.

A

Decomposition

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7
Q

A system’s ability to achieve its goal depends on the effective functioning and harmonious interaction of its subsystems

A

SUBSYSTEM INTERDEPENDENCY

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8
Q

the set of formal procedures by which data are collected, processed into information, and distributed to users.

A

information system

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9
Q

the set of formal procedures by which data are collected, processed into information, and distributed to users.

A

information system

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10
Q

an event that affects or is of interest to the organization and is processed by its information system as a unit of work

A

transaction

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11
Q

an economic event that affects the assets and equities of the organization,
is reflected in its accounts, and is measured in monetary terms.

A

financial transaction

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12
Q

events that do not meet the narrow definition of a financial transaction

A

Nonfinancial transactions

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13
Q

supports daily business operations with numerous reports, documents, and messages for users throughout the organization

A

transaction processing system (TPS)

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14
Q

produces the traditional financial statements, such as the income statement, balance sheet, statement of cash flows, tax returns, and other reports required by law

A

general ledger/financial reporting system (GL/FRS)

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15
Q

provides internal management with special-purpose financial reports and information needed for decision
making such as budgets, variance reports, and responsibility reports.

A

management reporting system (MRS),

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16
Q

processes nonfinancial transactions that are not normally processed by
traditional AIS.

A

management information system (MIS)

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17
Q

facts, which may or may
not be processed (edited, summarized, or refined) and have no direct effect on the user.

A

Data

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18
Q

causes the user to take an action that he or she otherwise could not, or would not, have taken.

A

information

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19
Q

financial transactions that enter the information system from both internal and external sources.

A

Data sources

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20
Q

the first operational stage in the information system

A

Data collection

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21
Q

Once collected, data usually require processing to produce information.

A

Data Processing

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22
Q

physical repository for financial and nonfinancial data

A

database

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23
Q

the most elemental piece of potentially useful data in the database

A

data attribute

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24
Q

a complete set of attributes for a single occurrence within an entity class.

A

record

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25
Q

a complete set of records of an identical class.

A

file

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26
Q

the process of compiling, arranging, formatting, and presenting information to
users.

A

Information generation

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27
Q

The contents of a report or document must serve a purpose.

A

RELEVANCE

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28
Q

The age of information is a critical factor in determining its usefulness

A

TIMELINESS

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29
Q

Information must be free from material errors

A

ACCURACY

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30
Q

No piece of information essential to a decision or task should be missing

A

COMPLETENESS

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31
Q

Information should be aggregated in accordance with the user’s needs

A

SUMMARIZATION

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32
Q

a form of output that is sent back to the system as a source of data

A

Feedback

33
Q

completely finished and tested systems that are ready for implementation

A

Turnkey systems

34
Q

consist of a basic system structure on which to build.

A

Backbone systems

35
Q

are custom (or customized) systems that client organizations purchase
commercially rather than develop in-house.

A

Vendor-supported systems

36
Q

Business organizations consist of functional units or

A

segments.

37
Q

to plan and control the materials inventory of the company.

A

Materials Management

38
Q

responsible for ordering inventory from vendors when inventory levels fall to their
reorder points.

A

Purchasing

39
Q

the task of accepting the inventory previously ordered by purchasing

A

Receiving

40
Q

takes physical custody of the inventory received and releases these resources into the production process as needed.

A

Stores

41
Q

occur in the conversion cycle in which raw materials, labor, and plant assets are used
to create finished products

A

Production activities

42
Q

involves scheduling the flow of materials, labor, and machinery to efficiently
meet production needs.

A

Production planning

43
Q

monitors the manufacturing process at various points to ensure that the finished
products meet the firm’s quality standards

A

Quality control

44
Q

keeps the firm’s machinery and other manufacturing facilities in running order

A

Maintenance

45
Q

deals with the strategic problems of product promotion, advertising, and market research.

A

marketing function

46
Q

the activity of getting the product to the customer after the sale

A

Distribution

47
Q

to effectively manage this resource

A

Personnel

48
Q

manages the financial resources of the firm through banking and treasury activities,
portfolio management, credit evaluation, cash disbursements, and cash receipts

A

Finance

49
Q

The value of information to a user is determined by its

A

reliability

50
Q

all data processing is performed by one or more large computers housed at a central site that serve users throughout the organization

A

Centralized Data Processing

51
Q

Centrally organized companies maintain their data resources in a central location that is shared by all end users.

A

DATABASE ADMINISTRATION.

52
Q

manages the computer resources used to perform the day-to-day processing of transactions

A

DATA PROCESSING

53
Q

responsible for analyzing user needs and for designing new systems to satisfy those needs.

A

SYSTEMS DEVELOPMENT AND MAINTENANCE

53
Q

responsible for analyzing user needs and for designing new systems to satisfy those needs.

A

SYSTEMS DEVELOPMENT AND MAINTENANCE

54
Q

include systems analysts, database designers, and programmers who design and build the system.

A

Systems professionals

55
Q

those for whom the system is built.

A

End users

56
Q

individuals inside or outside the firm who have an interest in the system but are not
end users

A

Stakeholders

57
Q

involves reorganizing the IT function into small information processing units (IPUs) that are distributed to end users and placed under their control.

A

distributed data processing (DDP).

58
Q

the oldest and most traditional form of accounting systems

A

manual process model

59
Q

describes an environment in which individual data files are not related to other
files.

A

flat-file model

60
Q

An efficient information system captures and stores data only once and makes this single source available
to all users who need it.

A

Data Storage

61
Q

Organizations have a great deal of data stored in files that require periodic updating to reflect changes.

A

Data Updating

62
Q

In contrast to the problem of performing multiple updates is the problem of failing to update all the user
files affected by a change in status

A

Currency of Information

63
Q

The user’s information set is constrained by the data that he or she possesses and controls.

A

Task-Data Dependency

64
Q

a special software system that is programmed to know which data elements each user is authorized to access.

A

database management system (DBMS)

65
Q

means that the organization’s information systems applications (its programs) function independently of each other rather than as an integrated whole.

A

traditional

66
Q

an accounting framework for modeling an organization’s critical resources, events, and agents and the relationships between them

A

REA

67
Q

the assets of the organization

A

resources

68
Q

phenomena that affect changes in resources

A

events

69
Q

are individuals and departments that participate in an economic event.

A

agents

70
Q

an information system model that enables an organization to automate and integrate its key business processes

A

Enterprise resource planning (ERP)

71
Q

involves specifying the criteria for identifying delinquent customers and the information that needs to be reported

A

conceptual system

72
Q

accountants must provide
a clear picture of their needs to the professionals who design their systems.

A

ACCOUNTANTS AS USERS

73
Q

An appreciation of the accountant’s responsibility for system design requires a historic perspective that
predates the computer as a business information tool.

A

ACCOUNTANTS AS SYSTEM DESIGNERS

74
Q

the medium and method for capturing and presenting the information

A

physical system

75
Q

a form of independent attestation performed by an expert who expresses an
opinion about the fairness of a company’s financial statements

A

Auditing

76
Q

are professional services, including the attest function, that are
designed to improve the quality of information, both financial and nonfinancial, used by decision makers

A

Assurance services

77
Q

is usually performed as part of a broader financial audit.

A

IT auditing

78
Q

an appraisal function housed within the organization

A

Internal auditing

AIS (5 decks)

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