PART I CONCEPTUAL FOUNDATIONS OF ACCOUNTING INFORMATION SYSTEMS
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system goal conflict goal congruence data information information technology (IT) information overload value of information business process transaction transaction processing 6
give-get exchange business processes or transaction cycles revenue cycle expenditure cycle production (conversion) cycle human resources/payroll cycle financing cycle general ledger and reporting system accounting information system (AIS) predictive analysis value chain primary activities support activities supply chain KEY TERMS b 1. Data differ from information in which way?
a.
Data are output, and information is input.
b. Information is output, and data are input.
c. Data are meaningful bits of information.
d. There is no difference.
2. Which of the following is NOT a characteristic that makes information useful?
a. It is reliable.
b. It is timely.
c. It is inexpensive.
d. It is relevant.
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