ASID Questions and Answers
information
Data converted into a meaningful and useful context
AIS definition
-a system that records processes and reports on transactions to provide financial and non-financial information to make decisions
-have an appropriate level of internal controls for ...
ASID Questions and Answers
information - answer Data converted into a meaningful and useful context
AIS definition - answer -a system that records processes and reports on transactions
to provide financial and non-financial information to make decisions
-have an appropriate level of internal controls for security measures
Attributes of useful information - answer 1. relevant- information capable of making a
difference
2. faithful representation-information accurately represents the condition of the business
For information to be "relevant" it is considered to have - answer 1. Predictive value
2. Feedback Value
3. timeliness
For information to have "Faithful representation" it is - answer 1. complete
2. neutral
3. free from error
difference between discretionary and mandatory information - answer
mandatory=required by law
discretionary=not required by law
What are the role of accountants in AIS? - answer Designer-system analyst
Implementer- database administrator
User -record journal entries
Evaluator-auditor
Manager- controller or CFO
Value chain consists of what kind of activities? - answer Primary Activities
Support Activities
Primary Activities of the Value Chain - answer inbound logistics
operations
outbound logistics
marketing and sales
service
Support activities of the value chain - answer procurement
information technology
human resource management
infrastructure
, Supply Chain Management (SCM) - answer software that helps optimize processes
within supply chain
-determining levels of inventory and stock to be ordered
-determining when to transfer inventory
Customer Relationship Management (CRM) - answer software used to manage
interactions with customers
Enterprise System (ES) or (ERP) - answer Centralized database that collects data
throughout the whole firm
Types of business process documents - answer business models
business rules
user manuals
training manuals
product specifications
types of things that help explain how the processes work and explain themselves
Types of Activity Models - answer BPMN (Business Process Model and Notation)
Flowcharts
Events in BPMN - answer affect the flow of the business.... represented by circles
Start Event BPMN- symbol - answer single thin line circle
Intermediate event BPMN-symbol - answer double thin line circle
end events BPMN- symbol - answer single thick line circle
Activities BPMN - answer represent processes, subprocesses or tasks where work
takes place
activities BPMN- symbol - answer rounded rectangle
Sequence Flows (BPMN)- symbol - answer represented by arrow to show
progression of activity within the process
Gateways (BPMN) - answer shows process of branching and merging as a result of
business decision (appear in pairs)
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