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Accounting Information Systems: An Overview
Accounting Information Systems: An Overview
Accounting Information Systems: An Overview
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Learning Objectives
Explain the decisions an organization makes and the information needed to make them.
Identify the information that passes between internal and external parties and an AIS.
Explain what an accounting information system (AIS) is and describe its basic functions.
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What Is a System?
System
A set of two or more
interrelated components
interacting to achieve a
goal
Goal Conflict
Occurs when components
act in their own interest
without regard for overall
goal
Goal Congruence
Occurs when components
acting in their own interest
contribute toward overall
goal
Copyright 2012 Pearson Education
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Information
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Value of Information
Benefits
Costs
Reduce Uncertainty
Improve Decisions
Improve Planning
Produce Information
Distribute Information
Improve Scheduling
Benefit $s > Cost $s
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Business Process
Financing
Revenue
Human
Resources
Expenditure
Production
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Business Transactions
GiveGet exchanges
Between two entities
Measured in economic terms
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Components of an AIS
People using the system
Procedures and Instructions
For collecting, processing, and storing data
Data
Software
Information Technology (IT) Infrastructure
Computers, peripherals, networks, and so on
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Value Chain
The set of activities a product or service moves along
before as output it is sold to a customer
At each activity the product or service gains value
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Firm
Infrastructure
Technology
Human
Resources
Purchasing
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Value Chain
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