information

information - Acct 316 Acct 316 Acct 316 Acct 316 Acct 316...

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Unformatted text preview: Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 A c t 3 1 6 Accounting Information Systems UAA ACCT 316 Accounting Information Systems Dr. Fred Barbee Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 A c t 3 1 6 Information Information What is it? A c t 3 1 6 Information as a Resource In the past, organizations were said to have five major resources . . . Men The 5 Ms Oops . . . Oops . . . that that isnt isnt politically politically correct -correct -Sorry about Sorry about that!!! that!!! A c t 3 1 6 Information as a Resource Once more, organizations have five major resources: 1. Men (i.e., people) 2. Machines 3. Money 4. Materials 5. Management The 5 Ms A c t 3 1 6 Information as a Resource Information Information is now regarded as the sixth resource . Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 A c t 3 1 6 Consider this Consider this scenario . . . scenario . . . It isnt all that far-fetched ! Quick Give me all your ideas! Functions of Management Functions of Management Planning Planning Organizing Organizing Directing Directing Controlling Controlling Decision Making Decision Making A c t 3 1 6 Information . . . After the human element . . . Quality, and Timely business information is an executives most important resource. Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 A c t 3 1 6 Information Anxiety Source: Information Anxiety Richard S. Wurman New York, Doubleday, 1989 A weekend edition of the NY Times contains more information than the average person was likely to come across in a lifetime in seventeenth-century England. More new information has been produced in the last 30 years than in the previous 5,000. About 1,000 books are published internationally every day, and the total of all printed knowledge doubles every eight years. Read or complete 3,000 notices and forms; Read 100 newspapers and 36 magazines; Watch 2,463 hours of television; In a single year the average America will . . . Listen to 730 hours of radio; Talk on the phone for 61 hours; and Read 3 books In a single year the average America will . . . Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 A c t 3 1 6 Information Overload Is it real? Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 Acct 316 A c t 3 1 6 How Much Information? http://www.sims.berkeley.edu/research/projects/how-much-info/summary.html The world produces between 1 and 2 exabytes of unique information per year, which is roughly 250 megabytes for every man, woman, and child on earth. Data Powers of Ten Byte - 8 bits Kilobyte 1,000 bytes or 10 3 bytes Megabyte 1,000,000 bytes or 10 6 bytes Gigabyte 1,000,000,000 bytes Terabyte 1,000,000,000,000 bytes Petabyte 1,000,000,000,000,000 bytes Exabyte 1,000,000,000,000,000,000 bytes Data Powers of Ten Zettabyte 1,000,000,000,000,000,000,000 bytes Yottabyte 1,000,000,000,000,000,000,000,000 bytes Yearly Production of Published Information...
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information - Acct 316 Acct 316 Acct 316 Acct 316 Acct 316...

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