Chapter 2 Flashcards
activities in business process modeling
represent specific steps in a business process
activity models
Models that describe the sequence of workflow in a business process or processes.
annotations
Model elements that allow the modeler to add additional descriptive information to the model. Annotations are modeled with text inside a bracket connected to other model symbols with a dashed line.
business analysis
The process of defining business process requirements and evaluating potential improvements. Business analysis involves ascertaining, documenting, and communicating information about current and future business processes using business process modeling and related tools.
business model
A simple, abstract representation of one or more business processes. A business model is typically a graphical depiction of the essential business process information.
business process
A defined sequence of business activities that use resources to transform specific inputs into specific outputs to achieve a business goal.
BPMN
Business process modeling notation. A standard for the description of activity models.
DFD
Data Flow Diagram. Another type of activity model that graphically shows the flow of data through a system and also incorporates elements of structure models.
documentation
An information transmission and communication tool that explains how business processes and business systems work.
events UML
Classes that model the organization’s transactions, usually affecting the organization’s resources, such as sales and cash receipts.
events BPMN
Important occurrences that affect the flow of activities in a business process, including start, intermediate, and end events.
Flowcharts
Visualizations of a process activity; they are activity models much like models using BPMN.
gateways
Show process branching and merging as the result of decisions. Basic gateways are depicted as diamonds. Usually, gateways appear as pairs on the diagram. The first gateways shows the branching, and the second gateway shows the merging of the process branches.
lanes (or swimlanes)
BPMN symbols that provide subdivisions of pools to show, for example, functional responsibilities within and organization.
message flows
BPMN represents exchanges between two participants (pools) in the same process as message flows, which are modeled as dashed arrows.
pools
BPMN symbols used to identify participants, actors, or persons that perform activities and interact with other participants in a process.
process maps
Simple flowcharts that use a basic set of symbols to represent a business process activity.
sequence flows
BPMN symbols that show the normal sequence of activities in a business process. Sequence flows are modeled as solid arrows, with the arrowhead showing the direction of process flows.
Stewardship and Reporting Roles
Regulatory compliance
Tax returns
Stakeholder assurance
Investor Relations
Raising capital and loans
Board reports
Statutory reporting
Accounting/Finance Operations Roles
Finance and accounting processes (procure to pay, order to cash, record and report, payroll and treasury)
Financial close–completing period-end accounts
Financial consolidation, reporting and analysis
Providing comprehensive management information
People management
Using IT to make finance and accounting processes more efficient and effective
Business Management Support Roles
Management information
Planning, budgeting, and forecasting
Performance measurement, reporting and analysis
Performance management
Risk management–from strategic to operational, including fraud risk
Investment appraisal
Cost management
Supply chain management
Value-based management
Project management
Change management
Capital structure and dividend policy
Strategic planning
Professional expertise (e.g. merger and acquisition or tax)
IMA Competency Framework
Strategic management
Reporting and control
Technology and analytics
Business acumen and operations
Leadership
Professional ethics and values
CGMA Competency Framework
Technical skills
Business skills
People skills
Leadership skills
