These are facts, which may or may not be processed (edited, summarized, or refined) and have no direct effect on the user.

It is the most elemental piece of potentially useful data in the database.

It manages the financial information resource of the firm. In this regard, it plays to important roles in transaction processing:

It is a complete set of records of an identical class. For example, all the AR records of the organization constitute the AR file. Similarly, files are constructed for other class of records such as inventory, accounts payable, and payroll. ▪ The organization’s database is the entire collection of such files.

What are the 2 general groups of end users?

These are exchange or movement of resources within the organization.

True or False: The accounting function distributes transaction information to operations personnel to coordinate one task.

What are the components of AIS?

Once collected, data usually require processing to produce information. Tasks in this element of general model stage range from simple to complex.

It is a logical and relevant characteristic of an entity about which the firm captures data.

True or False: Effective decisions require information that has a low degree of reliability.

Example: Sharing knowledge and expertise can improve operations and provide a competitive advantage. ▪ CPA firms use their information systems to share best practices and to support communication between offices. Employees can search the corporate database to identify experts to provide assistance for a particular client; thus, a CPA firm’s international expertise can be made available to any local client.

It processes non-financial transactions that are not normally processed by traditional AIS.

Component of AIS in which they are the one who use the system.

It provides internal management with special purpose financial reports and information needed for decision-making such as budgets, variance reports, and responsibility reports.

How AIS processes data to produce information for Decision-Makers? I. Transform data into information so management can plan, execute, control and evaluate activities, resources, and personnel. II. Collect and store data about organizational activities, resources and personnel. Organizations have a number of business processes, such as making a sale or purchasing of raw materials, which are repeated frequently. III. Provide adequate control to safeguard the organization's assets and data.

It include management at every level of the organization, as well as operations personnel. In contrast to external reporting, the organization has a great deal of latitude in the way it meets the needs of internal users

What are thr roles of accountants?

It is the organization's physical repository for financial and nonfinancial data. Its content can be represented in logical hierarchy

It is the complete set of attributes for a single occurrence within an entity class. To find a record within a database, we must be able to identify it uniquely.

What are the elements of General Model for AIS?

What are the levels in Hierarch?

Example: Allowing customers to directly access inventory and sales order; entry systems can reduce sales and marketing costs, thereby increasing customer retention sales.

These are financial transactions that enter the information system from both internal and external sources.

Improved decision making through identifying situations requiring management actions, reducing uncertainty and providing a basis for choosing alternative actions, providing information about the results of decisions and providing information on a timely manner.

TRUE OR FALSE: Unreliable information has value – it can waste resources or can lead to dysfunctional decisions.

Example on how AIS add value to an organization:: Timely information makes a just-in-time manufacturing approach possible, as it requires constant, accurate, up-to-date information about raw materials inventories and their location.

It is a system that collects, records, stores and processes data to produce information for decision makers. It includes people, procedures and instructions data, software, information technology infrastructure, and internal controls and security measures.

It safeguard the AIS data.

The _____ about the organization and its business activities.

True or False: Accounting captures and records the financial effects of the firm’s transactions.

The _______ used to process the data.

It is a processed data.

It is the first operational stage in the information system. The objective is to ensure that event data entering the system are valid, complete, and free from material errors. The information system should capture only relevant data and there must be efficient data collection procedures.

What are the characteristics of Information Generation?

It produces the financial statements such as income statement, balance sheet, statement of cash flows, etc.

the tasks of locating and extracting an existing record from the database for processing

It is the process of compiling, arranging, formatting, and presenting information to users.

It is used to collect, process and store data.

What are the 3 database management tasks?

It is a form of output that is sent back to the system as a source of data. It could be internal or external to initiate or alter a proces

The value of information to a user is determined by _____.

True or False: Information must possess attributes like relevance, accuracy, completeness, summarization and timeliness

An AIS with the proper internal control structure can help protect systems from fraud, errors, system failures, and disasters.

Which of the folowing are included in INFORMATION SYSTEM OBJECTIVES? 1. To support stewardship functions of the management. 2. To support management decision making. 3. To support the firm’s day-to-day operations. 4. To support adjusting entries of transaction

task of permanently removing obsolete or redundant records from the database.

Which of the following are included in External Financial Transaction?

It assigns keys to new records and stores them in proper location in database.

It includes the computers, peripheral devices, and network communications devices used in the AIS.

It supports daily business operations with numerous reports, documents, and messages for users throughout the organization.

Example on how AIS add value to an organization: An AIS can monitor machinery so operators are notified immediately when performance falls outside the acceptable quality limits. This helps maintain product quality, reduces waste, and lower costs.

Which of the following are INCLUDED jn External users?

These are the most common source of data for most organizations. These are economic exchanges with other business entities and individuals outside the firm.

What are the major subsystem of AIS?

It fall into two general groups: external and internal