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ACCY304-07%20process%20modeling.2011 - Risk Session7...

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Process Modeling and Business  Risk Session 7 February 14, 2011 1 Department of Accountancy University of Illinois at Urbana-Champaign
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2 Business process “…the common element in systems, auditing, and strategy is  the process.  This is the basic unit of analysis, design, and  control.” A “control system” is made up of people, communication,  information, decisions, and activities.  Crucial to building,  analyzing, and evaluating such a control system, however, is  understanding how processes include the above  characteristics.” “…a process is just another name for a subsystem.”         (Chandler 1996) Department of Accountancy University of Illinois at Urbana-Champaign
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3 Business process A Business process is a prescribed sequence of work  steps completed in order to produce a desired result for  the organization Initiated by a particular event Has a well-defined beginning and end Completed in a relatively short period of time  Department of Accountancy University of Illinois at Urbana-Champaign Activity (Process) Inputs Outputs System
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4 Business process A Business process is a prescribed sequence of work  steps completed in order to produce a desired result for  the organization Initiated by a particular event
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