GROUP 1 Enumerations: 1. Risk Assessment 2. Business Performance Measurement 3. Information Systems Reliability 4. Electronic Commerce 5.

Prime Plus Services 6. Technology 7. Databases 8. Reporting 9. Control 10. Business Operations 11. Events Processing 12. Management Decision Making 13. Systems development and operations 14. Communications 15. Accounting and Auditing Principles Multiple Choice: 1. A 2. D 3. C 4. C 5. A 6. B 7. A 8. C 9. D 10. C ESSAY: For section 404, SOX means changes for both auditors and the companies that they audit. Therefore management must first identify, document, and evaluate significant internal controls. Auditors must then audit and report on managements' assertions about the organizations' systems of internal control. These requirements represent significant expansions of the internal control-related roles of management and auditors. It is more important that you understand the systems to comply with SOX.

For section 409, SOX requires disclosure to the public on a "rapid and current basis" of material changes in an organization's financial condition. Compliance with section requires the application of legal, financial and technical expertise to ensure that the organization's accounting information systems are able to produce financial data in a timely and accurate manner. GROUP 2 Enumeration:

Organization Interrelationship Integration Central Objectives Natural system Biological system Man-made system Particular system Collect information Store information Manage data Provide output information to users Collect information Process data Report information related to the financial aspects of business events

Multiple Choice: D A D C A C B C

Essay: Information System is a man-made system that generally consists of an integrated set of computer-based components and manual components established to collect, store and manage data and to provide output information to users. Information System facilitates the different operational function of the business and supports management decision making by providing information that managers can use to plan and control the activities of the firm. GROUP 4 Enumerations: 1. 2. 3. 4. 5. 6. 7. 1. 2. 3. 4. 5. 6. Production Personnel Marketing and sales Accounting Finance Warehousing Distribution Planning Controlling Decision making Information System Operation process Management Process

GROUP 3 Enumeration: 1. 2. 3. 4. 5. Natural Biological Man-made AIS Business processes AIS subsystems

Multiple Choices: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: Essay: C A D B B D B A C A

Multiple Choices: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: Essay: * To understand that business as a system and the actions and interactions of that business components or subsystems. A A B C B C C C B A

It helps in many ways: a. It facilitates operations by maintaining inventory and customer data and by providing electronic signals and paper documents with which to execute business events. b. It is capable of monitoring operations process, thus producing sales output, giving

an organizations management an easier time to see their sales results. c. It can store data (orders and requests in a business process) giving identification on required data for preparation of invoices. GROUP 5 Enumerations: -information system -operations process -management process Multiple Choices: Answer: Answer: Answer: Answer: Answer: Answer: Answer: Answer: D B A C C D A C

Finally, to recognize and adapt in a timely manner to trends in the organizations environment stakeholders. Multiple Choices: answer: b. answer: d. answer: a answer: c answer: b. answer: d. answer: c. answer: a. answer: c. answer: b.

GROUP 7 Enumerations:

Answer: A Answer: B GROUP 6 Enumeration: mirrors and monitors actions in the operations system support managerial activities processing and reporting business events recording First, they monitor current operations to keep their ship on course. Second, to help them achieve satisfactory results for all their

1. designer 2. user 3. auditor 1. how well he/she knows the AIS 2. technology used in implementing AIS 1. 2. 3. 4. 5. 6. 7. controller treasurer tax specialist financial analyst cost accountant general accountant IS and budgeting specialist

1. know how the systems are developed 2. know the techniques used to develop a system 3. know the technology that will be used in a new system

Multiple Choices: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: ANSWER: Essay: POSSIBLE ANSWERS: *With the knowledge of accounting principles possessed by the accountant, he or she can design the accounting information system by knowing the information system techniques and development methods. In designing AIS, the accountant can also impart his knowledge about managerial accounting information system in order to aid the management in decision making. * As the major catalyst in designing the AIS, accountant can enjoy many benefits by using those specialized software. By using it, the AIS with the computer systems and software can shorten the lead time needed by accountants to prepare and present financial information. Thus, increases the timeliness of accounting information. Not just that, using those ERPs can also improve the overall efficiency and accuracy of the information communicated to stakeholders. GROUP 8: Enumerations: a. operations personnel d C A D B B D D C D

b. management c. people outside the organization a. people b. equipment c. other physical components d. policies Multiple Choices: ans. ans. ans. ans. ans. a c b b c

Essay: These concepts are important especially in making a logical model of business process. Without these concepts, it is hard to organize the model properly and orderly because these concepts are guide to how the flow of management process and operational process should be presented and be arranged. We cannot just make this model without thinking first of how each process should interact with one another. These concepts serve as somehow rules that govern a person in order to create a working logical model of business process. We may be given the usual flows as examples but we can create our own model correctly by following the important concepts in creating the model. These concepts also show us how these individual processes work together. It is through these concepts that we know how operation and management are facilitated by the information process. In the end, it is through these concepts that we are able to create a correct logical model of business.

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