Fichas
IS Chapter One
Fichas del conjunto (10)
- 1Data vs Informationdata = facts stored in system
information = data w/ context - 2Characteristics of Useful Informationrelevant
reliable
complete
timely
understandable
verifiable
accessible - 3How to determine value of infoinfo is valuable when benefits>costs of gathering, maintaining & storing the data
- 4Information Tradeoffs- timeliness v accuracy & completeness
- validity v timeliness
-relevancy & accuracy - 5Basic Business Processestransactions b/ween business org & external parties fundamentally involve a give-get exchange
cycles in business:
- expenditure
-production
- payroll
-revenue
-financing - 6What is AIS?manual/computerized accounting information system
- transactional data is collected & stored into meaningful info from which business decisions are made & provides adequate controls to protect & secure data assets - 7How Does an AIS add Value?well thought AIS can add value through effective & efficient decisions
- 8How Do AIS and Strategy affect each other?AIS influenced by orgs strategy
once overall goal is determined, org can determine strategy needed to reach goal & identify info reqs necessary to measure how well they're doing in obtaining that goal - 9Role AIS plays in company's value chainvalue chain is useful for analysing where & how value gets added to org's activities
info systems can be developed to focus on activities that add more value
AIS integrates all of components of value chain
- inbound logistics
-operations
-outbound logistics
-marketing & sales
-service - 10Advantages & Disadvantages of Manual Acc SystemsAdv:
- learning curve
-cost
-freedom of machines
Disadv:
-routine work
-inconsistency in data entry
-room for errors
-miskeying info
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- Descripción
- IT in Business Fichas sobre IS Chapter One, creado por Amukelani Ndlovu el 25/05/2019.
- Creado por
- Amukelani Ndlovu
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