L1_-_01A_AIS_Intro

L1_-_01A_AIS_Intro - ACCOUNTING INFORMATION SYSTEMS LECTURE1

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ACCOUNTING  INFORMATION  SYSTEMS LECTURE 1
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ACCOUNTING INFORMATION SYSTEMS What is a System? Network of interacting parts coordinated to achieve a common  objective. What is Information? Organized, processed data Provide meaning to users Meaningful and useful:  Characteristics of Useful Information Components of an Information System What is Accounting? A system that collects, summarizes and reports the financial information  of a business Objective is to provide useful information to users for decision-making Internal and external users Accounting Information Systems
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COMPONENTS OF AN INFORMATION  SYSTEM Output Input Processing Feedback Control Uses Sources System Boundary/Interface Go Back
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CHARACTERISTICS OF USEFUL  INFORMATION Relevant – reduces uncertainty (can make a difference) Reliable – accurate (free of error or bias)  Complete – contains all important facts
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L1_-_01A_AIS_Intro - ACCOUNTING INFORMATION SYSTEMS LECTURE1

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