ACC 3202 Midterm Review

Evaluator

auditor

Business analysis

the process of defining business process requirements and evaluating potential improvement (ascertaining, documenting, and communicating).

Certified Information Technology Professional (CITP)

works to effectively and efficiently manage information while ensuring the data's reliability, security, accessibility and relevance.

Multiplicities determine where _______ keys will be posted.

foreign

Human resource management activites

include recruiting, hiring, training and compensating employees.

Relevant

information that is capable of making a difference in a decision (predictive value, feedback value, timely)

Reliable

information that is free from bias and error (verifiable, representational faithfulness, neutrality)

Business process analysis is an _________ process.

iterative

In a ____ to ____ relationship, the link is implemented by creating a new, linking table where the primary key is the combination of the two primary keys of the participating tables.

many

Determining proper foreign key placement uses

multiplicities

Informate-down

provide information about business activities to employees across the firm Give information to all levels of the organization to empower decision making.

Informate-up

provide information about business activities to senior management Summarize performance for senior management (digital dashboards, etc.).

Service activities

provide the support of customers after the products and services are sold to them.

User

record journal entries

The supply chain

refers to the flow of materials, information, payments, and services from suppliers all the way through the customer.

To be useful information must have these attributes:

relevant and reliable

Automate

replacing human labor in automating business processes Digitize your medical records.

The basic steps to develop business rules start with identifying important business events and then determining which of the following?

Appropriate actions to take

AIS Investment Strategic Role

Automate (0.05%) Informate (0.40%) Transform (1.51%)

Which of the following is an acceptable change to a BPMN activity diagram?

Hide the orchestration in the Customer pool.

Accounting is an information providing activity, so accountants need to understand

How the system that provides that information is desgined, implemented, and used How financial information is reported How information is used to make decisions

Sunset Graphics' sales and collection process includes which of the following activities?

Provide quote Prepare products Receive payment

Business rules help ensure that information systems operate in a consistent and effective manner.

True

Type images help manage business processes by applying constraints or summarizing economic activity.

True

Business process

a defined sequence of business activities that use resources to transform specific inputs into specific outputs to achieve a business goal (constrained by business rules).

Business model

a simple, abstract representation of one or more business processes (typically a graphical depiction).

Business Process Modeling Notation (BPMN)

a standard for the description of activity models.

Procurement activities

activities involve purchasing inputs such as raw materials, supplies, and equipment.

Sunset's process for preparing customer quotes includes resources, events and

agents

Technology activities include

all of the technologies to support value-creating activities. These technologies also include research and development to develop new products or research and development to determine ways to produce products at a cheaper price.

Firm infrastructure activities

are all of the activities needed to support the firm, including the CEO, finance, accounting, and legal.

Data

are simply raw facts that describe and event and have little meaning on their own (serves as in input)

Outbound logistics

are the activites that warehouse and distribute the finished goods to the customers.

Operations

are the activities that transform inputs into finished goods and services.

Inbound logistics

are the same activities associated with receiving and storing raw materials and other partially completed materials, and distributing those materials to manufacturing when and where they are needed.

An AIS is important

because it provides information that companies are required to have and also information that can be used to make important decisions.

Internal control

broadly defined as a process designed to provide reasonable assurance regarding the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations.

Supply Chain Management software

can be used to optimize processes within the supply chain. Determine levels of inventory in stock and the amount to be ordered. Determine timing to transferring inventory.

To turn a many-to-many relationship into a one-to-many relationship, you will create a ___________ association between the tables.

composition

Manager

controller or CFO

Application

controls ensure data integrity and an audit trail

Access

controls limit who can use and who can change records in the system.

Implementer

database administrator

For Sunset Graphics sales are recorded when the order is

delivered

Activity models

describe the sequence of workflow in a business process or processes.

An intermediate error event changes process flow when an _________ occurs.

exception

Documentation

explains how business processes and business systems work(a tool for information transmission and communication).

Message

flows between pools describe the interactions between organizations that participate in a process.

In a one-to-many relationship, the primary key of the class on the 1 side is posted as a _______key on the many side.

foreign

Transform

fundamentally redefine business processes and relationships IT allows Ebay and Amazon to develop a business model based on IT.

Certified Internal Auditor (CIA)

globally accepted certification for internal auditors

Marketing and sales activities

identify the needs and wants of their customers to help attract them to the firm's products and buy them.

The difference between business rules and internal control is that business rules _________ internal control activities.

implement

Accounting information system (AIS)

is defined as a system that records, processes and reports on transactions to provide financial and non-financial information to make decisions and have appropriate levels of internal controls (security measures to protect sensitive data) for those transactions.

Information

is defined as being data organized in a meaningful way to be useful to the user

Discretionary information

is information that is not required by law

Mandatory information

is information that is required by law (Form 10-K and Tax Returns)

Customer Relationship Management software

is used to manage interactions with customers and may include the following: Track customer purchases Ensure customer satisfaction Product placement

The sales and collection process includes activities necessary to sell products and record ________ from customers.

payments

Certified Information Systems Auditor (CISA)

perfroms IT audits

In BPMN, a collapsed __________ contains a series of steps that are hidden from view.

subprocess

Designer

system analyst

The enterprise system

system is a centralized database that collects data from throughout the company including orders, customers, sales, inventory, and employees.

Workflow models must be able to describe

1. Events that start, change, or stop flow in the process. 2. Activites and taks within the process. 3. The sequence of flow between tasks. 4. Decision points that affect the flow.

Place Sunset Graphics' sales and collection process activities in the correct sequence.

1. Provide quote. 2. Receive order. 3. Prepare products. 4. Apply graphics. 5. Deliver order. 6. Invoice customer. 7. Receive payment.

When using pools in a BPMN activity model, which of the following is not required?

Each pool must have multiple swimlanes.

A collaboration sales activity model in BPMN focuses on the possible errors in the sales process.

False

The relational database implemented from a UML class diagram would contain fewer tables than the UML class diagram has classes.

False