Embed Size (px)
DESCRIPTION
Chapter 1 INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS. Central Themes of This Text. Business processes Information systems. Business Processes. A sequence of activities: for acquiring goods and services for producing goods and services for selling goods and services. - PowerPoint PPT Presentation
Citation preview
Chapter 1 INTRODUCTION TO ACCOUNTINGINFORMATION SYSTEMS
Central Themes of This Text
Business processes Information
systems
Business Processes A sequence of
activities: for acquiring goods and services
for producing goods and services
for selling goods and services
Business Processes Models of business
processes viewed in terms of transaction cycles.
Each transaction cycle involves several events.
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.
Typical Business Processes Production Sales
Information Systems
A management information system (MIS) is a system that captures data about
an organization stores and maintains
the data provides meaningful
information for management.
Information Systems
An MIS can be viewed as a set of subsystems that provide information for such functions as: production marketing human resources accounting finance
Management Information Systems
MIS captures data about business
processes aggregates, summarizes,
and organizes data produces information
that helps monitor and control business processes
ERP systems integrate all aspects of a firm’s business processes.
Accounting Information System
An AIS is a subset of an organization’s MIS
thatprovides:
accounting and financial information
other information obtained in the routine processing of accounting transactions
Uses of Accounting Information Systems
Producing external reports
Supporting routine activities
Decision support Planning and control Implementing internal
control
Role of Accountants in Relation to AIS
User Manager Consultant Evaluator Provider of
accounting and tax services
Keyterms Accounting
information system (AIS)
Applications Assurance services Business process Enterprise resource
planning system (ERP)
Keyterms Events Internal control Management
information system (MIS)
Off-the-shelf software Transaction cycles
