a set of interdependent elements that together accomplish specific objectives.
a part of a system: these parts are interrelated or integrated as a single system.
Information system (IS) –
a man-made system that generally consists of an integrated set of computer-
based components and manual components established to collect, store, and manage data and to provide
output information to users.
Internal control –
a process- effected by an entity’s board of directors, management, and other personnel
– designed to provide reasonable assurance regarding the achievement of objectives in effectives and
efficiency of operations, reliability of reporting, and compliance with applicable laws and regulations
Management information systems (MIS) –
a man-made system that generally consists of an integrated
set of computer-based components and manual components established to collect, store and manage data
and to provide output information to users.
Accounting information system (AIS) –
a specialized subsystem of the IS that collects, processes, and
reports information related to the financial aspect of business events.
Operations process –
a man-made system consisting of the people, equipment, organization, policies,
and procedures whose objective is to accomplish the works of the organization.
Management process –
a man-made system consisting of the people, authority, organization, policies,
and procedures whose objective is to plan and control the operations of the organization.
data presented in a form that is useful in decision-making activity.
factors or figures in raw form. Data represent the measurements or observations of objects and
the information quality that enables users to perceive the information’s significance.
a quality when information is capable of making a difference in a decision-making situation
by reducing uncertainty or increasing knowledge for that particular decision.
deals with information being relevant and pertinent to the business process as well as
being delivered in a timely, correct, consistent, and usable manner. A measure of success in meeting one
or more goals for the operation process.
concerns the provision of information through the optimal (most productive and economical)
use of resources. A measure of the productivity of the resources applied to achieve a set of goals.
concerns the protection of sensitive information from unauthorized disclosure.
deals with complying with the laws, regulations, and contractual arrangements to which
the business process is subject, that is, externally imposed business criteria, as well as internal policies.