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AIS - Chapter 1 Questions and Answers right
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AIS - Chapter 1 Questions and Answers right accounting information system (AIS) A system that records, processes, and reports on transactions to provide financial and nonfinancial information to make decisions and have appropriate levels of internal controls for those transactions. automat...

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  • August 4, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais chapter 1 questions and answers right
  • accounting information system ais a system that
  • automate the use of technology to replace human la
  • business value items events and interactions tha

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AIS - Chapter 1 Questions and Answers right
accounting information system (AIS) - answer A system that records, processes, and
reports on transactions to provide financial and nonfinancial information to make
decisions and have appropriate levels of internal controls for those transactions.

automate - answer The use of technology to replace human labor in automating
business processes.

business value - answer Items, events, and interactions that determine the financial
health and well-being of the firm.

data - answer Raw facts or statistics that, absent a context, may have little meaning.

discretionary information - answer Information that is generated according to one's
own judgment.

enterprise system (ES) - answer A centralized database that collects data from
throughout the firm. Commercialized information system that integrates and automates
business processes across a firm's value chain located within and across organizations.

firm infrastructure - answer Activities needed to support the firm, including the CEO
and the finance, accounting, and legal departments.

human resource management - answer Activities include recruiting, hiring, training,
and compensating employees.

inbound logistics - answer Activities associated with receiving and storing raw
materials and other partially completed materials and distributing those materials to
manufacturing when and where they are needed.

informate-down - answer The use of computer technology to provide information
about business activities to employees across the firm.

informate-up - answer The use of computer technology to provide information about
business activities to senior management.

information - answer Data organized in a meaningful way to the user.

information overload - answer The difficulty a person faces in understanding a
problem and making a decision as a consequence of too much information.

information value chain - answer The overall transformation from a business need
and business event to the collection of data and information to an ultimate decision.

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