ACCOUNTING INFORMATION SYSTEMS
INTERNATIONAL EDITION BY VERNON 2026
STUDY GUIDE REVISION SHEET CORE
CONCEPT BREAKDOWN
◉ Data.
Answer: Facts or figures in raw form. Represents the measurement
of observation of objects an events to be useful to a decision maker it
most be transformed into information.
◉ Accounting Information Systems (AIS).
Answer: Is a specialized subsystem of the IS that collects,processes
and reports information related to the financial aspects of business.
◉ Management Processes.
Answer: A system consisting of the people, authority, organization,
policies, and procedures whose objective is to plan, and control the
operations of the organization.
◉ Comparability.
Answer: Information quality that enables users to identify
similarities and differences in two pieces of information.
,◉ Neutrality or Freedom From Bias.
Answer: Means that the information is objective.
◉ Timeliness.
Answer: Information available to a decision maker before it loses its
capacity to influence a decision.
◉ Efficiency.
Answer: Concerns the obtaining and use of information through the
optimal must productive and economical use of resources.
◉ Sarbanes Oxley Act.
Answer: Management must identify, document, evaluate significant
internal controls.
Auditors must report on the effectiveness of the organization's
system of internal controls.
◉ Control.
Answer: Of business processes. The means by which we make sure
the intended actually happens.
◉ Relevance.
, Answer: Information that is capable of making a difference in a
decision- making situation by reducing uncertainty or increasing
knowledge for that particular decision.
◉ E-Business.
Answer: Is the application of electronic networks to undertake
business processes between individuals and organizations.
◉ Predictive Value & Feedback Value.
Answer: Improve a decision makers capability to predict, confirm, or
correct earlier expectations.
◉ Reliability.
Answer: The Information is true and credible
◉ Availability.
Answer: Information quality goals under the accessibility and
security heading.
◉ Integrity.
Answer: The Information is free from errors and complete
◉ Compliance.
INTERNATIONAL EDITION BY VERNON 2026
STUDY GUIDE REVISION SHEET CORE
CONCEPT BREAKDOWN
◉ Data.
Answer: Facts or figures in raw form. Represents the measurement
of observation of objects an events to be useful to a decision maker it
most be transformed into information.
◉ Accounting Information Systems (AIS).
Answer: Is a specialized subsystem of the IS that collects,processes
and reports information related to the financial aspects of business.
◉ Management Processes.
Answer: A system consisting of the people, authority, organization,
policies, and procedures whose objective is to plan, and control the
operations of the organization.
◉ Comparability.
Answer: Information quality that enables users to identify
similarities and differences in two pieces of information.
,◉ Neutrality or Freedom From Bias.
Answer: Means that the information is objective.
◉ Timeliness.
Answer: Information available to a decision maker before it loses its
capacity to influence a decision.
◉ Efficiency.
Answer: Concerns the obtaining and use of information through the
optimal must productive and economical use of resources.
◉ Sarbanes Oxley Act.
Answer: Management must identify, document, evaluate significant
internal controls.
Auditors must report on the effectiveness of the organization's
system of internal controls.
◉ Control.
Answer: Of business processes. The means by which we make sure
the intended actually happens.
◉ Relevance.
, Answer: Information that is capable of making a difference in a
decision- making situation by reducing uncertainty or increasing
knowledge for that particular decision.
◉ E-Business.
Answer: Is the application of electronic networks to undertake
business processes between individuals and organizations.
◉ Predictive Value & Feedback Value.
Answer: Improve a decision makers capability to predict, confirm, or
correct earlier expectations.
◉ Reliability.
Answer: The Information is true and credible
◉ Availability.
Answer: Information quality goals under the accessibility and
security heading.
◉ Integrity.
Answer: The Information is free from errors and complete
◉ Compliance.
