WGUD217 - test prep 1 Exam | Questions and
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Terms in this set (54)
What are the primary information 1. To support the firm’s day-to-day operations.
flows of the business Operations personnel use information to assist
them in the efficient and effective discharge of
their daily tasks.
2. To support management decision making.
Managers use information to assist them in
planning and control decisions related to their
areas of responsibility.
3. To support the stewardship function of
management. Stewardship refers to managers’
responsibility to properly manage the resources of
the firm and to report on their activities. External
users receive stewardship information through
traditional financial statements and other mandated
reports. Internally, managers receive stewardship
information from various responsibility reports.
(AIS) processes financial transaction: an economic event that
affects the assets and equities of the organization,
is reflected in its accounts, and is measured in
monetary terms.
, (MIS) processes Nonfinancial transactions: events that do not meet
the narrow definition of a financial transaction. For
example, adding a new supplier of raw materials to
the list of valid suppliers is an event that may be
processed by the enterprise’s information system
as a transaction.
This is a general model for Data Collection: first operational stage in
accounting information systems Information system
because it applies to all AIS. What
are the components Data Sources: financial transactions that enter the
info systems from internal or external sources
Data Processing: group that manages the
computer resources used to perform day to day
processing of transactions
Database Management:
Data Attribute à collection of attributes = record à
collection of record = file
Information Generation
is the process of compiling, arranging, formatting,
and presenting information to users. Information
can be an operational document such as a sales
order, a structured report, or a message on a
computer screen. Regardless of physical form,
useful information has the following characteristics:
relevance, timeliness, accuracy, completeness, and
summarization.
Role of accountants in AIS: involved in both design & the audit of AIS.
Play a prominent role on systems development
teams as domain experts
Role of IT in AIS responsible for the physical system
Answers | Verified Solutions | 2026 Edition | Pass
Guaranteed
Save
Terms in this set (54)
What are the primary information 1. To support the firm’s day-to-day operations.
flows of the business Operations personnel use information to assist
them in the efficient and effective discharge of
their daily tasks.
2. To support management decision making.
Managers use information to assist them in
planning and control decisions related to their
areas of responsibility.
3. To support the stewardship function of
management. Stewardship refers to managers’
responsibility to properly manage the resources of
the firm and to report on their activities. External
users receive stewardship information through
traditional financial statements and other mandated
reports. Internally, managers receive stewardship
information from various responsibility reports.
(AIS) processes financial transaction: an economic event that
affects the assets and equities of the organization,
is reflected in its accounts, and is measured in
monetary terms.
, (MIS) processes Nonfinancial transactions: events that do not meet
the narrow definition of a financial transaction. For
example, adding a new supplier of raw materials to
the list of valid suppliers is an event that may be
processed by the enterprise’s information system
as a transaction.
This is a general model for Data Collection: first operational stage in
accounting information systems Information system
because it applies to all AIS. What
are the components Data Sources: financial transactions that enter the
info systems from internal or external sources
Data Processing: group that manages the
computer resources used to perform day to day
processing of transactions
Database Management:
Data Attribute à collection of attributes = record à
collection of record = file
Information Generation
is the process of compiling, arranging, formatting,
and presenting information to users. Information
can be an operational document such as a sales
order, a structured report, or a message on a
computer screen. Regardless of physical form,
useful information has the following characteristics:
relevance, timeliness, accuracy, completeness, and
summarization.
Role of accountants in AIS: involved in both design & the audit of AIS.
Play a prominent role on systems development
teams as domain experts
Role of IT in AIS responsible for the physical system
