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Chapter 7: AIS "Buzz Words"

Professor: Vega-Anaya
Horizontales
accumulates information for a period of time and then processes all the data at one time (daily, weekly, or monthly); periodic updating of databases
the number of days between end of reporting period and release of financial statements
uses applications via the Web instead of installing them on a computer
listing of individual accounts with common characteristics
Providing timely data for making quick, informed decisions
a business metric used to evaluate factors that are crucial to the success of an organization
Actions taken in one part of the system automatically affect related parts. For instance, when a credit sale is entered, several parts of the system are automatically updated
Familiar accounting programs such as Peachtree® and QuickBooks® are designed to be user friendly and menu driven
output device, providing real time information to leadership for use in decision making
contains the controlling accounts which should equal the sum of subsidiary account balances
enters and processes data immediately; more timely data
Verticales
efficient tools in helping journalize and post transactions of similar type
system composed of people and computers that process or interpret information
contains detail of cash collected from credit sales, cash sales and other sources
to add a column of numbers
Programs that manage and integrate a company’s vital operations