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Accounting
Information
Systems and Firm
Value
Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Learning Objectives
• LO#1 Define an accounting information system and explain
characteristics of useful information.
• LO#2 Distinguish among data, information and an information
system.
• LO#3 Distinguish the roles of accountants in providing information
and explain certifications related to accounting information systems.
• LO#4 Describe how business processes affect the firm’s value
chain.
• LO#5 Explain how AIS affects firm value.
• LO#6 Describe how AIS assists the firm’s internal business
processes.
• LO#7 Assess how AIS facilitates the firm’s external business
processes.
• LO#8 Assess the impact of AIS on firm profitability and stock prices.
1-2
LO# 1
1-3
LO# 1
1-4
LO# 1
1-5
LO# 1
1-6
LO# 1
1-7
LO# 1
1-8
LO# 2
• Data are simply raw facts that describe an event and have
little meaning on their own.
1-9
LO# 2
Information Overload
1-10
LO# 1
1-11
LO# 2
1-12
LO# 2
1-13
LO# 3
1-14
LO# 3
Certifications in AIS
1-15
LO# 4
Value Chain
1-16
Where do AIS add value to a Business? In the LO# 4
Primary Activities?
• Inbound logistics are the activities associated with receiving and
storing raw materials and other partially completed materials, and
distributing those materials to manufacturing when and where they
are needed.
• Operations are the activities that transform inputs into finished
goods and services (e.g. turning wood into furniture for a furniture
manufacturer; building a house for a home builder).
• Outbound logistics are the activities that warehouse and distribute
the finished goods to the customers.
• Marketing and sales activities identify the needs and wants of their
customers to help attract them to the firm’s products and buy
them.
• Service activities provide the support of customers after the
products and services are sold to them (e.g. warranty repairs, parts,
instruction manuals, etc.).
1-17
Where do AIS add value to a Business? In the LO# 5
Support Activities?
• Firm infrastructure activities are all of the activities needed
to support the firm, including the CEO, finance, accounting,
and legal.
• Human resource management activities include recruiting,
hiring, training and compensating employees.
• Technology activities include all of the technologies to
support value-creating activities. These technologies also
include research and development to develop new
products or research and development to determine ways
to produce products at a cheaper price.
• Procurement activities involve purchasing inputs such as
raw materials, supplies, and equipment.
1-18
LO# 6
1-19
LO# 6
1-20
LO# 7
1-21
LO# 7
1-22
LO# 7
1-23
LO# 7
1-24
LO# 7
1-25
LO# 7
1-26
LO# 8
1-27
LO# 8
Summary
1-28