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chapter one- The Information system: An accountant's perspective…
chapter one- The Information system: An accountant's perspective
The information environment
The Business Resources
For controlling day to day operation
help middle management to do a planning and coordinating to achieve the goal ( short term)
Help the top management to do a planning and setting organizational behavior (long term)
Information System framework
Transaction
Financial Transaction
Economic event that affect the asset and equities of the organization.
Non-financial Transaction
Event that doesnt meet the definition of f.transaction
Event that affects the organization
System
Accounting Information System (AIS)
Transaction processing system (TPS)
Which support daily business operation
General Ledger/Financial reporting system (GL/FRS)
Which produce report
management reporting system (MRS)
Which provides information for decision making
Management Information System (MIS)
Process Non financial transaction that not processed by AIS
The Accounting Function
Accounting manage the financial resources
Value of information is determined by its reliability
Information reliability requires accounting Independence
2.Information Objective
to
support:
day to day operation
Management decision making
Stewardship function of management
General Model of AIS
End Users
External user
Internal users
Data
facts which may or may not be processed and not direct effect to the end users
Information
cause the user to take an action that he or she otherwise could not have taken
Data Sources
For the end users
Data Collection
is the 1st operational stage
objective is to ensure data are valid, complete and free from material error
Only relevant data
efficeint collection procedures designated to collect the data
Data Processing
task range from simple to complex
Data Hierarchy
data attribute
is the most element piece of potentially useful data in the database
record
a complete set of attributes for a single occurrence within an entity class
file (or table)
is a complete set of records of an identical class.
Database Management
involve 3 fundamental task : storage, retrieval and deletion
Information Generation
relevance
Timeliness
3 Accuracy
Completeness
Summarization
The role of Accountant in AIS
Accountant perform audits which typically involve in AIS
Functional Segmentation
Material
Production
Marketing
Distribution
Personnel
Finance