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.
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
