CHAPTER 1
Cards (51)
- What are the 3 management tiers?
- directly responsible for controlling day-to-day operations?
- is accountable for the short-term planning and coordination of activities necessary to accomplish organizational objectives?
- responsible for long-term planning and setting organizational objectives?
- it supports operations level tasks with highly detailed information about many business transactions affecting the firms?
- it distributes summarized information about operations and other activities upward to managers at all levels.
- two groups of external users
- include customers sales and billing information, purchase information and inventory information?
- entities outside or inside the organization with a direct or indirect interest in the firm
- a mental images of computers and programming
- plants , animals and planets are examples of?
- submarines, social system to information system and other man made are example of?
- what are the two elements of a system?
- it contain more than one part. ex. yoyo carved from a single piece of wood?
- a common purpose relates the multiple parts of the sytem
- it is called a system when it is the focus of attention.
- the process of dividing the system into smaller subsystem. it is also a convenient way of representing the relationships among subsystem.
- a system ability to achieve its goals depends on the effective functioning and harmonious interaction of its subsystem.
- set of formal procedures by which data are collected, processes into information and distributed to users.
- an event that affects or is of interest to the organization and is processed by its information system as a unit of work.
- an economic event that affects the assets it is reflected in its accounts and is measured in monetary terms
- sales of products to customers, purchases of inventory from vendors and cash disbursements and receipts are example of
- events that do not meet the narrow definition of a financial transactions
- list of suppliers, list of customers are examples of?
- which supports daily business operations with numerous reports, documents, andmessages for users throughout the organization.
- which produces the traditional financial statements, such as the income statement, balance sheet, statement of cash flows, tax returns, and other reports required by law;
- which provides internal management with special-purpose financial reports and information needed for decision making such as budgets, variance reports, and responsibility reports.
- include creditors, stockholders, potential investors, regulatory agencies, tax authorities ,suppliers, and customers.
- management at every level of the organization, as well as operations personnel
- are financial transactions that enter the information system from both internal and external sources.
- 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.
- Only data that ultimately contribute to information (as defined previously) are
- designed to collect data only once. These datacan then be made available to multiple users. Capturing the same data more than once leads to data redundancy and inconsistency.
- stage range from simple to complex
- is its physical repository for financial and nonfinancial data.
- the most elemental piece of potentially useful data in the database. it is a logical and relevant characteristic of an entity about which the firm captures data.
- a complete set of attributes for a single occurrence within an entity class. For example, a particular customer’s name, address, and account balance is one occurrence (or record) within the AR class.
- a complete set of records of an identical class. For example, all the AR records of the organization constitute the AR file
- a report or document must serve a purpose. This could be to support a manager’s decision or a clerk’s task.
- must be no older than the time period of the action it supports.