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Chapter 1 INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS

Chapter 1 INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS. Central Themes of This Text. Business processes Information systems. Business Processes. A sequence of activities: for acquiring goods and services for producing goods and services for selling goods and services.

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Chapter 1 INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS

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  1. Chapter 1 INTRODUCTION TO ACCOUNTINGINFORMATION SYSTEMS

  2. Central Themes of This Text • Business processes • Information systems

  3. Business Processes • A sequence of activities: • for acquiring goods and services • for producing goods and services • for selling goods and services

  4. Business Processes • Models of business processes viewed in terms of transaction cycles. • Each transaction cycle involves several events.

  5. Business Processes • Three main transaction cycles: • An acquisition (purchasing) cycle is the process of purchasing and paying for goods/services. • A conversion cycle is the process of transforming resources acquired into goods/services. • A revenue cycle is the process of providing goods or services to customers and collecting cash.

  6. Typical Business Processes • Production • Sales

  7. Information Systems • A management information system (MIS) is a system that • captures data about an organization • stores and maintains the data • provides meaningful information for management.

  8. Information Systems • An MIS can be viewed as a set of subsystems that provide information for such functions as: • production • marketing • human resources • accounting • finance

  9. Management Information Systems • MIS captures • data about business processes • aggregates, summarizes, and organizes data • produces information that helps monitor and control business processes • ERP systems integrate all aspects of a firm’s business processes.

  10. Accounting Information System • An AIS is a subset of an organization’s MIS that provides: • accounting and financial information • other information obtained in the routine processing of accounting transactions

  11. Uses of Accounting Information Systems • Producing external reports • Supporting routine activities • Decision support • Planning and control • Implementing internal control

  12. Role of Accountants in Relation to AIS • User • Manager • Consultant • Evaluator • Provider of accounting and tax services

  13. Keyterms • Accounting information system (AIS) • Applications • Assurance services • Business process • Enterprise resource planning system (ERP)

  14. Keyterms • Events • Internal control • Management information system (MIS) • Off-the-shelf software • Transaction cycles

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