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Solution Manual for Accounting Information Systems, 1st Edition by Arline A. Savage Complete A+ $17.99
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Solution Manual for Accounting Information Systems, 1st Edition by Arline A. Savage Complete A+
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Solution Manual for Accounting Information Systems, 1st Edition by Arline A. Savage Complete A+Chapters Solutions Manual are included - Chapter 1 to 19 1 Accounting as Information 1.1 Why Is Accounting Information Important? 1-2 1.2 How Have Accounting Information Systems Evolved? 1-12 1.3 How D...

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  • May 7, 2024
  • 173
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • accounting
  • information
  • systems
  • 1st edition
  • arline a savage
  • solution manual
  • 9781119744429
  • solution guide
  • accounting information systems 1st edition by ar

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Solution Manual for
Accounting Information
Systems, 1st Edition by Arline
A. Savage Complete A+

, Accounting Information Systems
Savage, 1st Edition, Chapter 1
Accounting as Information


What is the purpose of a business?
• It is to make a profit in a sustainable and responsible manner.

Why do businesses need accounting data and accounting information systems in
order to achieve their purpose?
• Accounting data and accounting information systems provide data and
information to assist the business and its stakeholders in making decisions.




Chapter 1 Page 1 of 6

,Information Systems and Accounting Information Systems
• Information systems are interrelated components including hardware,
software, networks and data. Information systems transform inputs through
processes which produce outputs.

• An Accounting Information System is a specialized system that focuses on
accounting and financial data.


Business Models, Business Processes, and Business Events
• All businesses have a strategy and a business model which is how they plan
to make a profit in a responsible and sustainable manner. Example business
models:
o Traditional Model: Manufacturer> Distributor> Retailer> Customer
o Direct to Consumer Model: Manufacturer> Customer
o Retail: Brick and mortar
o Retail: Web-based
o Retail: Omnichannel

• All business models have business processes. A business process is a group of
activities or business events.

• Business events are the basic building blocks of a business process. There are
four categories of business events:
o Operating events
o Investing events
o Financing events
o Events that involve an exchange of information but not and exchange of
resources
Fundamental Business Processes




Chapter 1 Accounting Information Systems Page 2 of 6

, Acquisitions and Payments Process




Chapter 1 Page 3 of 6

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