Lesson 10

Lesson 10 - o Sarbanes-Oxley Act o Financial Services...

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Lesson 10: Transaction Processing Systems Transaction Processing Systems A processing system for recording/entering event (Transaction) data into databases, and processing into information Record the event; what, when, where, who, how much, etc. Lowest of detail of an event Process data generated by and about the transaction Order processing, shipping, inventory, sales, scheduling, payroll, accounting are typical transaction processing systems Transaction Processing Activities Process data about each transaction o Data collection; input (source data automation) o Data editing; validity and completeness o Data correction; reenter corrected data o Data manipulation; classify, sort, calculate o Data storage; update a database o Document production; generate reports Transaction Processing System Audits Increasing need for audits using transaction processing systems data
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Unformatted text preview: o Sarbanes-Oxley Act o Financial Services Modernization Act (Gramm-Leach-Biley) o Health Insurance Portability & Accountability Act (HIPAA) Examples of Transaction Processing Systems ATM transaction Airline reservations Stock purchase/sale Point-of-sale (retail store) purchase Package delivery (FedEx) tracking system McDonalds- a comprehensive transaction processing system Value of transaction data versus summarized data Data Processing Systems DP systems manipulate (organize) numbers, words, symbols, pictures to increase their value & usefulness Applied to repetitive, high volume, routine, counting task applications with a historical focus A summary of transactions First functions to automate: bookkeeping, accounting, payroll, inventory, distribution, sales/order entry...
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