Professional Documents
Culture Documents
4711269
4711269
FEEDBACK
INFORMATION SYSTEM
DATA INFORMATIO
FEEDBACK
Data Versus Information
Storage
Processing
Consumers
Exchange Events
Internal Events
Environmental Events
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Accounting Information
System
Organization Organization’s
Environment functions
of the Firm Information
Business System AIS Transaction
Firm Cycles
Operational
Business Events
System
from Operations
System Characteristics of
Business Firms
Objectives
Environment
Constraints
Input-Process-Output
Feedback
Controls
Subsystems
FUNCTIONS OF AN INFORMATION SYSTEM
ENVIRONMENT
Customers Suppliers
ORGANIZATION
INFORMATION SYSTEM
FEEDBACK
Sales/ Production
Marketing Info
AIS
Personnel Finance
Relationship of AIS & MIS
MIS
Order entry/Sales
Billing/A.Rec./Cash receipts
Purchasing/A. Pay./Cash disb.
Inventory
Payroll
General ledger
Production
Examples of AIS Subsystems
(Merchandising)
Order entry Purchasing/
Sales A. Payable/
System Cash Disb.
Inventory
Shipping
System
System
Receiving
Revenue Expenditure
Cycle Cycle
General
Ledger Human
Billing/ Resource
A. Receivable System Management
Cash Receipts Ext/Fin. reporting (Payroll)
System Tax & req. reporting System
Internal reporting
No Planning/Control, Investment, or Production Cycles reflected here
The Operational System of
a Manufacturing Firm
Facilities Manufacturing Firm
Labor Supporting
(human Operations
services)
Material Producing Storing Shipping Goods
Acquiring
from Finished Finished Finished to
Materials Goods Goods Goods Customer
Supplier
Data Information
AIS
Production Cycle
Human
General Resource
Ledger Management
System (Payroll
System
Hierarchical
Decentralized
Network
Objectives and Users of AIS
Financial accountants
prepare financial information
for external decision-making in
accordance with GAAP
Managerial accountants
prepare financial information
for internal decision-making
Roles of Accountants With
Respect to an AIS
Auditors - evaluate controls
and attest to the fairness of
the financial statements.
Accounting managers -
control all accounting activities
of a firm.
Tax specialists - develop
information that reflects tax
obligations of the firm.
Consultants - devise
specifications for the AIS.
Ethical Standards for
Consulting
Professional competence
Exercise due professional care
Plan and supervise all work
Obtain relevant data to support reasonable
recommendations
Maintain integrity and objectivity
Understand and respect the responsibilities
of all parties
Disclose any conflicts of interest