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Accounting Information Systems
Fourteenth Edition
Chapter 1
Accounting Information Systems: An Overview
Copyright © 2018 Pearson Education, Inc. All Rights Reserved
Copyright © 2018 Pearson Education, Inc.
Chapter 1: Accounting Information Systems: An Overview
Slide 1 - ‹#›
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1
Learning Objectives
Distinguish between data and information:
Discuss the characteristics of useful information.
Explain how to determine the value of information.
Explain the decisions an organization makes:
The information needed to make them.
The major business processes present in most companies.
Explain how an AIS adds value to an organization.
How it affects and is affected by corporate strategy.
The role of AIS in a value chain.
Copyright © 2018 Pearson Education, Inc.
Chapter 1: Accounting Information Systems: An Overview
Slide 1 - ‹#›
2
Distinguishing Between Data and Information
Data are facts collected, recorded, and stored in the system
A fact could be a number, date, name, and so on.
For example:
2/22/14
ABC Company, 123,
99, 3, 20, 60
Copyright © 2018 Pearson Education, Inc.
Chapter 1: Accounting Information Systems: An Overview
Slide 1 - ‹#›
3
Data vs. Information
The previous slide just showed data, if we organize the data within a context of a sales invoice, for example, it is meaningful and considered information.
Invoice Date : 2/22/14 Invoice #: 123
Customer: ABC company
Item # Qty Price
99 3 $20
Total Invoice Amount $60
Copyright © 2018 Pearson Education, Inc.
Chapter 1: Accounting Information Systems: An Overview
Slide 1 - ‹#›
4
Decision Quality
Information helps us make better decisions.
Too much information causing information overload can reduce decision quality.
Information Technology (IT) is used to help decision makers more effectively filter and condense information.
Copyright © 2018 Pearson Education, Inc.
Chapter 1: Accounting Information Systems: An Overview
Slide 1 - ‹#›
5
Value of Information
Information is valuable when the benefits exceed the costs of gathering, maintaining, and storing the data.
Benefit (i.e., improved decision making) - Cost (i.e., time and resources used to get the information) = value of information
Copyright © 2018 Pearson Education, Inc.
Chapter 1: Accounting Information Systems: An Overview
Slide 1 - ‹#›
6
What Makes Information Useful? (1 of 2)
There are seven general characteristics that make information useful:
Relevant: information needed to make a decision (e.g., the decision to extend cu
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