2009 B-4 Class Notes

2009 B-4 Class Notes - Becker CPA Review Business 4 Class...

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Becker CPA Review – Business 4 Class Notes 1 © 2009 DeVry/Becker Educational Development Corp. All rights reserved. BUSINESS 4 CLASS NOTES Information Technology implications in the business environment are covered in BEC4. This area is worth 22%-28% of the point value on the BEC exam per the Content Specification Outline . The topic breakdown is: Role of business information systems, Roles and responsibilities within the IT function, IT fundamentals, Disaster recovery and business continuity, and Financial statement and business implications of electronic commerce. I. ROLE OF BUSINESS INFORMATION SYSTEMS A. Information Technology includes the hardware, software, data, people, and networks in a company’s computer system. B. IT systems process detailed data, assist in making daily decisions, and, on a higher level, assist in developing business strategies. C. An Accounting Information System (AIS) is part of a Management Information System. The AIS processes accounting transactions from source documents through financial statements, creating an audit trail for tracing and vouching the transactions. D. Other systems, in order of their hierarchy, are transaction processing (TPS) , decision support (DSS) , management information (MIS) , and executive information (EIS) . E. Types of reports are periodic scheduled, exception, demand, Ad Hoc or “push.” A well- designed system should have the ability to generate a report to answer virtually any question a user may have. II. ROLES AND RESPONSIBILITIES WITH THE IT FUNCTION A. Job titles within IT are constantly changing and some functions that were once useful are no longer necessary. The term “end user” means anyone who uses the system or enters data into it. B.
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This note was uploaded on 02/19/2011 for the course BMGT 360 taught by Professor Spina during the Spring '07 term at Maryland.

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2009 B-4 Class Notes - Becker CPA Review Business 4 Class...

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