Question: 1 . Briefly describe a system . 2 . Define data, information, and how the value of information is determined . 3 . Define an
Briefly describe a system Define data, information, and how the value of information is determined Define an accounting information system Identify the components of an accounting information system What is the CITP designation and why is it important to AIS? Differentiate between an AIS course and other accounting courses Harvard professor Michael Porter contends that for a company to be successful in the long run it "must deliver greater value to customers or create comparable value at a lower cost, or do both" and suggests three strategic positions. Describe these strategic positions. How do these strategic positions relate to financial and managerial accounting information given? What is the purpose behind the five primary activities in the value chain? Name the primary activities of a firm's value chain How can AIS add value to the organization? How can a welldesigned AIS improve the efficiency and effectiveness of a company's value chain? Discuss the concept of a system and the issues of goal conflict and goal congruence Discuss the seven characteristics of useful information Explain what an AIS is describe the basic tasks it performs in an organization, and give some
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