Chapter 1 INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS
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1 Chapter 1 INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS
2 Central Themes of This Text Business processesInformation systems
3 Business ProcessesA sequence of activities:for acquiring goods and servicesfor producing goods and servicesfor selling goods and services
4 Business ProcessesModels of business processes viewed in terms of transaction cycles.Each transaction cycle involves several events.
5 Business Processes Three main transaction cycles: An acquisition (purchasing) cycle is the process of purchasing and paying for goods/services.A conversion cycle is the process of transforming resources acquired into goods/services.A revenue cycle is the process of providing goods or services to customers and collecting cash.
7 Information SystemsA management information system (MIS) is a system thatcaptures data about an organizationstores and maintains the dataprovides meaningful information for management.
8 Information SystemsAn MIS can be viewed as a set of subsystems that provide information for such functions as:productionmarketinghuman resourcesaccountingfinance
9 Management Information Systems MIS capturesdata about business processesaggregates, summarizes, and organizes dataproduces information that helps monitor and control business processesERP systems integrate all aspects of a firm’s business processes.
10 Accounting Information System An AIS is a subset ofan organization’s MIS thatprovides:accounting and financial informationother information obtained in the routine processing of accounting transactions
11 Uses of Accounting Information Systems Producing external reportsSupporting routine activitiesDecision supportPlanning and controlImplementing internal control
12 Role of Accountants in Relation to AIS UserManagerConsultantEvaluatorProvider of accounting and tax services
13 Keyterms Accounting information system (AIS) Applications Assurance servicesBusiness processEnterprise resource planning system (ERP)
14 Keyterms Events Internal control Management information system (MIS) Off-the-shelf softwareTransaction cycles