Accounting Information Systems (AIS) Course Review

These flashcards cover key concepts, definitions, and processes associated with Accounting Information Systems (AIS) based on the provided lecture notes.

What are the main functions of an Accounting Information System (AIS)?

AIS includes people, data, procedures, software, IT infrastructure, internal controls, and security measures.

How did AIS create value historically according to the notes?

AIS creates value by enabling decisions that improve efficiency and profitability.

Who were Monte Brewer and Robert Crandall in the context of AIS?

They introduced the first frequent flier points system for American Airlines in 1981.

What does 'double-entry' refer to in accounting?

A bookkeeping method where every financial transaction is recorded in at least two accounts.

What is the significance of internal controls in AIS?

Internal controls help reduce the risks of fraud, theft, and errors in financial reporting.

What are the 5 V’s of Big Data mentioned in the course?

Volume, Velocity, Variety, Veracity, and Value.

What does 'ETL' stand for in data analytics?

Extract, Transform, Load.

What is the purpose of data visualization?

To represent data graphically to identify trends, patterns, and insights.

What are the advantages of relational databases?

Reduce redundancy and inconsistencies, allow cross-functional access to the same data, and impose access rights at the database level.

What are ‘SMART’ questions in the context of data analysis?

Specific, Measurable, Achievable, Relevant, and Timely questions that guide data collection and analysis.

What are the key objectives internal controls aim to achieve?

Safeguard assets, maintain sufficient records, provide reliable information, and comply with regulations.

What are common types of fraud techniques mentioned in Chapter 9?

Adware, Botnet, Hacking, Phishing, Ransomware, and SQL injection, among others.

What is the concept of the Systems Development Life Cycle (SDLC)?

A systematic process for planning, creating, testing, and deploying information systems.

What role do project development teams play in the SDLC?

They plan and monitor project progress.

What behavioral problems can occur during system change?

Fear of failure, lack of top management support, poor communication, and emotional responses.

What practices can prevent behavioral problems during system implementation?

Providing training, involving users, keeping communications open, and ensuring management support.

What is the importance of good data quality in predictive modeling?

Good data quality ensures model accuracy and relevance, as biased data can lead to skewed results.