ACCY304-07%20process%20modeling.2011

ACCY304-07%20process%20modeling.2011 - Process Modeling and...

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Unformatted text preview: Process Modeling and Business Risk Session 7 February 14, 2011 1 Department of Accountancy University of Illinois at Urbana-Champaign 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 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 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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This note was uploaded on 08/18/2011 for the course ACCY 304 taught by Professor Bol during the Spring '11 term at University of Illinois at Urbana–Champaign.

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ACCY304-07%20process%20modeling.2011 - Process Modeling and...

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