Tài chính kế toán - Information systems

Information systemsLearning objectivesTo understand the concept of systems.To learn the systems that comprise an accounting information system.To identify the relationship between an accounting information system and value-adding activities.To understand the various types of decisions made in businesses, and the structure and scope of such decisions.To understand what a computer-based accounting information system is.1key termsaccounting information system (AIS)boundaryclosed systemdataeconomic eventinformationinformation systeminputinterfacemanagement information systemopen systemoutputsubsystemsuper systemsystemtransactiontransaction processing systemvalue chainvalue systemAccounting information systemsAIS provides information using accounting methods:Management reports for decision makingReports for regulatory bodiesSpecial reports for potential creditors including financial institutions and suppliers of goods and servicesAccounting information systemsRecord ProcessReportevents in monetary terms using generally accepted accounting principles (GAAP)Accounting information systemsFinancial accounting systemManagementaccounting systemExternal reportingInternal reportingProduces financial statementsProduces budgets & other reports for managementLevels within the AIS super systemExpert systemDecision support systemManagement information systemTransaction processing systemAIS super system – another viewComprises only three systems:Transaction processing systemRecords transactionsBudgeting systemProduces control information used by managementResponsibility reporting systemSummarises historical data and provides reports to compare with budgets or set management targetsDecision makingStrategic planningManagement controlOperational controlStructuredTrends in balance of accounts receivableAccounts receivable balancesSemistructuredBudget preparationPersonnel managementProduction scheduling Cash managementUnstructuredNew productsOpening a factory siteMergers and acquisitionsTransaction cycle interconnectionFinance cyclePayroll cycleExpenditure cycleGeneral ledger & reporting systemConversion cycleRevenue cycle