Summary
Business is a term used to refer to a set of business processes. A business process is a prescribed sequence of work steps. The process is usually completed in a relatively short period of time. An accounting system is used to record and report the results of a business process. The information is then used to make decisions about how to proceed with the process.
The supply chain is the process of transferring information from one place to another. The supply chain can be used to improve efficiency and reduce costs. It can also be used as a way to improve the quality of the information being transferred. The process is called the supply chain and it can be traced back to the origin of the process.
Some examples introduced in this chapter include ebusiness, electronic data interchange, point of sale systems, automated matching of purchasing documents, and enterprise resource planning systems. Accountants must understand accounting information systems because they are users, participants in the design and implementation, and auditors of the AIS. The accounting information system can be misused to cover up unethical or fraudulent behavior.
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