Flashcards
Chapter 8 Key Terms
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- 1accounts payableAmounts owed to suppliers for goods and services received. In a data modeling context, accounts payable are calculated based on receipts (purchases) from each supplier less the corresponding payments (cash disbursements) to those suppliers.
- 2agentsThe people or organizations, such as customers or salespeople, who participate in business events.
- 3cashThe organization’s monies in bank or related accounts. The instances of the class are individual accounts. This is considered a resource.
- 4cash disbursementsPayments of cash to external agents (e.g., suppliers) and the corresponding reduction in cash accounts. This is considered an event.
- 5collaborationA BPMN model showing two participant pools and the interactions between them within a process.
- 6events(UML) Classes that model the organization’s transactions, usually affecting the organization’s resources, such as sales and cash receipts; (BPMN) important occurrences that affect the flow of activities in a business process, including start, intermediate, and end events.
- 7gatewayA BPMN symbol that shows process branching and merging as the result of decisions. Basic gateways are depicted as diamonds. Usually, gateways appear as pairs on the diagram. The first gateway shows the branching, and the second gateway shows merging of the process branches
- 8intermediate eventAn event that occurs between start and end events and affects the flow of the process.
- 9intermediate timer eventIntermediate events that indicate a delay in the normal process flow until a fixed amount of time has elapsed.
- 10many-to-many relationshipRelationship that exists when instances of one class (e.g., sales) are related to many instances of another class (e.g., inventory), and vice versa. These relationships are implemented in Access and relational databases by adding a linking table to convert the many-to-many relationship into two one-to-many relationships.
- 11productClass representing the organization’s goods held for sale—that is, the organization’s inventory. This is considered a resource.
- 12purchase discountAn offer from the supplier to reduce the cost of a purchase if payment is made according to specified terms, usually within a specified time
- 13purchase orderA commitment event that precedes the economic purchase event. It records formal offers to suppliers to pay them if the supplier complies with the terms of the purchase order.
- 14purchasesGoods or services received from a supplier with a corresponding obligation to pay the supplier. These are considered events.
- 15REAResource-event-agent framework for modeling business processes, originally developed by William McCarthy.
- 16receiptSame as the purchases event.
- 17resourcesThose things that have economic value to a firm, such as cash and products.
- 18subprocessA series of process steps that are hidden from view in BPMN. The use of subprocesses in modeling helps reduce complexity.
- 19suppliersIn the UML diagram of the purchases and payments process, the external agents from whom goods and services are purchased and to whom payments are made.
- 20timer eventsIndication of a delay in the flow of a process to a specific date, an elapsed time (e.g., 30 days), or a relative repetitive date, such as every Friday.
- 21type imageClass that represents management information (such as categorizations, policies, and guidelines) to help manage a business process. Type image often allows process information to be summarized by category.
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- Accounting Information Systems Chapter 8 Key Terms
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- JEFFREY EGGERSS
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