AIS chapter 1 Hall
Study online at https://quizlet.com/_1na11t
1. AIS: Specialized subset of information systems that process financial transac-
tions
2. attest function: function performed by an expert who expresses an opinion
regarding the presentation of financial statements. performed by Certified Public
Accountants (CPA)
3. auditing: an independent attestation
that expresses an opinion
about the fairness of a company's financial statements.
4. auditor: must have a thorough understanding of AIS functions and internal con-
trols.
5. centralized data processing: all data processing is performed by one or more
large computers housed in a common data center that serves
users throughout the organization.
6. cloud computing: location-independent computing whereby shared data centers
deliver hosted IT services over the Internet
7. commercial software: available for both general accounting use and for industry
specific applications, such as medical billing.
sometimes called turnkey systems
8. conceptual system: involves specifying the criteria for identifying delinquent
customers
and the information that needs to be reported.
9. custom software: developed through a formal process called systems develop-
ment life cycle
10. data: facts, which may or may not be processed (edited, summarized, or refined)
and have no direct effect on a user's actions.
11. data collection: first operational stage in the information system. The objective
is to ensure that
event data entering the system are valid, complete, and free from material errors.
12. data processing: Examples include mathematical algorithms used for produc-
tion scheduling applications, statistical techniques for sales forecasting, and posting
and summarizing procedures used for accounting applications.
13. data sources: financial transactions that enter the information system from
either internal or external sources.
14. data storage: medium to be used and the method for capturing and presenting
the information. included in the physical system
15. database: physical repository for financial and non-financial data.
16. database management: involves three fundamental tasks:
storage, retrieval, and deletion.
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Study online at https://quizlet.com/_1na11t
1. AIS: Specialized subset of information systems that process financial transac-
tions
2. attest function: function performed by an expert who expresses an opinion
regarding the presentation of financial statements. performed by Certified Public
Accountants (CPA)
3. auditing: an independent attestation
that expresses an opinion
about the fairness of a company's financial statements.
4. auditor: must have a thorough understanding of AIS functions and internal con-
trols.
5. centralized data processing: all data processing is performed by one or more
large computers housed in a common data center that serves
users throughout the organization.
6. cloud computing: location-independent computing whereby shared data centers
deliver hosted IT services over the Internet
7. commercial software: available for both general accounting use and for industry
specific applications, such as medical billing.
sometimes called turnkey systems
8. conceptual system: involves specifying the criteria for identifying delinquent
customers
and the information that needs to be reported.
9. custom software: developed through a formal process called systems develop-
ment life cycle
10. data: facts, which may or may not be processed (edited, summarized, or refined)
and have no direct effect on a user's actions.
11. data collection: first operational stage in the information system. The objective
is to ensure that
event data entering the system are valid, complete, and free from material errors.
12. data processing: Examples include mathematical algorithms used for produc-
tion scheduling applications, statistical techniques for sales forecasting, and posting
and summarizing procedures used for accounting applications.
13. data sources: financial transactions that enter the information system from
either internal or external sources.
14. data storage: medium to be used and the method for capturing and presenting
the information. included in the physical system
15. database: physical repository for financial and non-financial data.
16. database management: involves three fundamental tasks:
storage, retrieval, and deletion.
1/3
