Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ACG 4401 > Midterm > Flashcards

Midterm Flashcards

1
Q

Transaction

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Information system

A

set of formal procedures by which data are

  1. collected
  2. processed into information
  3. distributed to users
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Financial Transactions

A

economic events that affect the assets and equities of the organization, is reflected in its accounts, and is measured in monetary terms
ex. purchasing plane ticket

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Nonfinancial Transactions

A

other events processed by the organizations info system

ex. making an airline reservation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

AIS (Accounting information systems)

A

financial transactions and non financial transactions that DIRECTLY affect the processing of financial transactions
ex. of non financial: involves future revenue but no cash as of yet

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

MIS (Management Information Systems)

A 
Financial Management Systems
Marketing System
Distribution SYstems 
Human Resources Systems
non financial transactions that are not normally processed by AIS ex. tracking customer complaints
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Transaction Processing System

A

supports daily business operations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

General Ledger/Financial Reporting System

A

produces financial statements and reports

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Management Reporting System

A

produces special-purpose reports for internal users

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Data Sources

A

financial transactions that enter the information system from either internal or external sources

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

data

A

facts which may or may not be processed and have NO direct effect on users actions
ex. report of raw material for personnel manager –>insignificant

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

information

A

causes the user to take an action that he or she otherwise would not have taken
ex. report of raw materials given to purchasing agent, agent places order for more inventories if low–>significant

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

external financial transactions

A

most common sources of data

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Data Collection

A

Easiest place for fraud to be committed

Valid, Complete, Free from Error, efficient and Relevant

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Data Processing

A 
Math Algorithms 
Summarizing 
comparing 
merging
transcribing
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Database Management

A

physical repository for financial and non financial data –>Store Retrieve and Delete

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Information Generation

A

process of compiling arranging formatting and presenting information that is useful–> data has been created into info

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Database Management

A

physical repository for financial and non financial data –>Store Retrieve and Delete

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Information Generation

A

process of compiling arranging formatting and presenting information that is useful

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Attribute

A

Characteristics–>AR
ex.Customer Account
Customer Name
Customer Address

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Usefulness of Information

A 
CRATS 
Completeness
Relevance
Accuracy
Timeliness
Summarization: aggregated in accordance with the users needs
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

File

A

complete set of records –>all ppl in AR

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

SUb systems of IS

A

AIS and MIS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

System

A

two or more interrelated components or subsystems that have or serve a common purpose

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

System Interdependency

A

Harmonious interaction between subsystems to make the system efficient

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Reliability

A

Value of information determined by_____________

Must have CRATS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

System Interdependency

A

Harmonious interaction between subsystems to make the system efficient

28
Q

Reliability

A

Value of information

29
Q

Accounting independence

A

duty segregation

30
Q

Centralized Data Processing

A

all data processing is performed by one or more large computers housed in a common data center that serves users throughout the organization

31
Q

master file

A

Contains account data
ex. Accounts Receivable
General Ledger
Subsidiary Ledger

32
Q

Transaction File

A

temporary file containing transactions since last update –> used to update data in a master file
ex. to record transactions last used
Doesnt record everything bc its temporary

33
Q

Reference File

A

stores data that are used as standards for processing transactions
ex. use it for referencing
cheat sheet to get formulas, tax tables, constant information

34
Q

Confirmation

A

contacts selected customers to determine if the transactions recorded in the accounts actually took place and that customers agree with the recorded balance

35
Q

Sampling Techniques

A

examines a representative subset of transactions

36
Q

Advantages of DDP

A
  • Cost reduction: Types of computers large vs. small

- improve cost control responsibility

37
Q

Disadvantage DDP

A
  • inefficient use of resources-since your not sharing if you need some info you need to ask or make your own of something that is already done
  • destruction of audit trails–paper trails that trace processing of info –> separated cant keep track
  • inadequate segregation of duties
  • inc. potential for programming errors
  • lack of standards: do whatever they want with it
38
Q

IPU Information Processing Units

A

reorganizes the IT function into these smaller units
that are distributed to end users (departments) and placed under their controls –NOT SHARED
Have full control over their resources

39
Q

Distributed data processing

A

reorganizing the computer services function into small info processing units that are distributed to end users and placed under their control

40
Q

Expenditure Cycle

A

incurs expenses in exchange for resources-> by resources pay employees to convert products and physical plant

  • Don’t produce→use cash to attain the resources to convert raw materials into finish goods
  • Purchasing/Accounts Payable: usually buy on account, purchasing raw materials, pay for physical plant
  • Cash Disbursements: when cash is going outward→ cash is going outward towards accounts payable
  • Payroll: pay for ppl to make your product
  • Fixed Assets: physical plant or building in which you create product
41
Q

Archive File

A

contains past transactions for future reference and form an important part of audit trail
actually contains all the past transactions

42
Q

Digital Audit Trail

A

Computerized Audit Trail

43
Q

Flat FIle System

A

not integrated–> decentralized submit everything several times dont use an integrated system
describes an environment in which individual data files are not related to other files
-end users own the files rather than owning (just like DDP)

44
Q

Data Redundancy Problems

A
  • data updating: updated separately
  • data storage: instead of sharing info data is stored several times for ea. user which incurs several costs
  • currency of information: with all separate files with all the separate files it is harder to change everything which will effect status of information then decisions will be made up of old data
  • task-data dependency: not current bc not updated right so the ppl they cant obtain additional info as needs change
  • data integration: NOT integrated; multiple accounts–>difficult to integrate when have different users
45
Q

Problems with Flat-File Model

A
  1. Data Storage
  2. Data Updating
  3. Currency of Information
  4. Task-Data Dependency
  5. Data Integration
46
Q

Database Model

A

Opposite of Flat-File Model

47
Q

Database Model

A

Opposite of Flat-File Model

48
Q

Master File
Transaction File
Reference File
Archive File

A

MTRA

49
Q

Master File
Transaction File
Reference File
Archive File

A

MTRA

50
Q

Data Base Management System

A

integrated part of the system

51
Q

ERD: entity

A

source of data

ex. customer

52
Q

ERD: cardinalities

A

numeric mapping btw entities (1:1) (1:M) (M:M)

53
Q

data flow diagram

A

uses symbols to represent the entities, processes, data flows, and data stores that pertain to a system

54
Q

Arrow

A

Direction of data flow

55
Q

Square

A

Entity (NOUN)

56
Q

Rectangle with rounded off sides

A

process description (VERB)

57
Q

Data Store Name

A

where everything is stored into cigarette butt

58
Q

System Flowcharts

A

graphical representation of the Physical relationships among key elements of a system

59
Q

System Flowcharts

A

Sales Department
Credit Department
Warehouse
Shipping Department

60
Q

Data Store Name

A

where everything is stored into cigarette butt

61
Q

System Flow Chart

A

Graphical Physical Representation of relationships among key elements of a system

62
Q

System Flowcharts

A

Sales Department
Credit Department
Warehouse
Shipping Department

63
Q

Data Flow Chart

A

Symbols

64
Q

System Flow Chart

A

Graphical Representation of relationships among key elements of a system

65
Q

Primary Key

A

unique attribute

ACG 4401 (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions