Basic System Concepts A system is defined as a set of that performs one or more to accomplish specific objectives. An information system has the specific objective of supplying information in the company to people that need it. A(n) information system is one that consists of interrelated parts and uses processes such as to provide information to users. In an operational accounting information system, transform inputs into (economic events, outputs) which are, in turn, used by individuals for decision making, evaluation, and monitoring. The accounting information system can be divided into two major subsystems: the financial accounting information system and the cost management information system. The financial accounting information system is primarily concerned with producing outputs for and the cost management information system is primarily concerned with The information system has the following broad objectives: The cost management system can be divided into major subsystems: the cost accounting information system and the operational control information system. The cost management system has the objective of individual products and services and other objects of interest. The operational control system has the objective of planning and controlling activities to ensure that they are performed efficiently and provide value to customers and owners. Apply the Concepts a. Depreciation on drills used to produce cabinets is an example of b. Assigning the cost of drill depreciation to cabinets is an example of C. A report listing the cost of producing cabinets is an example of d. The printer used to print the cost report for cabinets is an example of Basic System Concepts A system is defined as a set of that performs one or more to accomplish specific objectives. An information system has the specific objective of supplying information in the company to people that need it. A(n) information system is one that consists of interrelated parts and uses processes such as to provide information to users. In an operational accounting information system, transform inputs into (economic events, outputs) which are, in turn, used by individuals for decision making, evaluation, and monitoring. The accounting information system can be divided into two major subsystems: the financial accounting information system and the cost management information system. The financial accounting information system is primarily concerned with producing outputs for and the cost management information system is primarily concerned with The information system has the following broad objectives: The cost management system can be divided into major subsystems: the cost accounting information system and the operational control information system. The cost management system has the objective of individual products and services and other objects of interest. The operational control system has the objective of planning and controlling activities to ensure that they are performed efficiently and provide value to customers and owners. Apply the Concepts a. Depreciation on drills used to produce cabinets is an example of b. Assigning the cost of drill depreciation to cabinets is an example of C. A report listing the cost of producing cabinets is an example of d. The printer used to print the cost report for cabinets is an example of
