Solution Manual for Accounting Information Systems, 1st Edition by Arline A. Savage Complete A+
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Accounting Information Systems
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Accounting Information Systems
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Accounting Information Systems
Solution Manual for Accounting Information Systems, 1st Edition by Arline A. Savage Complete A+Chapters Solutions Manual are included - Chapter 1 to 19 1 Accounting as Information 1.1 Why Is Accounting Information Important? 1-2 1.2 How Have Accounting Information Systems Evolved? 1-12 1.3 How D...
Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage
Test Bank For Accounting Information System Connecting Careers, Systems, And Analytics, 1st Edition By Savage, Consists Of 19 Complete Chapters, ISBN: 978-1119744474
Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by (Savage/Brannock/Foksinska) ||Complete A+ Guide
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Solution Manual for
Accounting Information
Systems, 1st Edition by Arline
A. Savage Complete A+
, Accounting Information Systems
Savage, 1st Edition, Chapter 1
Accounting as Information
What is the purpose of a business?
• It is to make a profit in a sustainable and responsible manner.
Why do businesses need accounting data and accounting information systems in
order to achieve their purpose?
• Accounting data and accounting information systems provide data and
information to assist the business and its stakeholders in making decisions.
Chapter 1 Page 1 of 6
,Information Systems and Accounting Information Systems
• Information systems are interrelated components including hardware,
software, networks and data. Information systems transform inputs through
processes which produce outputs.
• An Accounting Information System is a specialized system that focuses on
accounting and financial data.
Business Models, Business Processes, and Business Events
• All businesses have a strategy and a business model which is how they plan
to make a profit in a responsible and sustainable manner. Example business
models:
o Traditional Model: Manufacturer> Distributor> Retailer> Customer
o Direct to Consumer Model: Manufacturer> Customer
o Retail: Brick and mortar
o Retail: Web-based
o Retail: Omnichannel
• All business models have business processes. A business process is a group of
activities or business events.
• Business events are the basic building blocks of a business process. There are
four categories of business events:
o Operating events
o Investing events
o Financing events
o Events that involve an exchange of information but not and exchange of
resources
Fundamental Business Processes
Chapter 1 Accounting Information Systems Page 2 of 6
, Acquisitions and Payments Process
Chapter 1 Page 3 of 6
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