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ASID Questions and Answers
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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 ...

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  • September 27, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • asid questions and answers
  • information data converted into a meaningful and u
  • ais definition a system that records processes an

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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

"Good" BPMN Models - answer correct
clear
complete
consistent

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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