1. Distinguish data from information, discuss the characteristics of useful in-
formation, and explain how to determine the value of information.
2. explain the decisions an organization makes and the information needed to
make them.
3. Identify the information that passes between internal and external parties
and an accounting information system (aIS).
4. Describe the major business processes present in most companies.
5. explain what an aIS is and describe its basic functions.
6. Discuss how an aIS can add value to an organization.
7. explain how an aIS and corporate strategy affect each other.
8. explain the role an aIS plays in a company’s value chain
b. Should they extend credit, and, if so, on what terms? How can they accurately
track what customers owe and pay?
c. How should they hire, train, and supervise employees? What compensation and
benefits package should they offer? How should they process payroll?
d. How can they track cash inflows and outflows to avoid a cash squeeze?
e. What is the appropriate product mix? What inventory quantities should they
carry, given their limited showroom space?
2. What information do Scott and Susan need to make those decisions?
a. What information do the external entities they interact with need?
b. What information do management and other employees need?
c. How can they gather, store, and disseminate that information?
3. What business processes are needed, and how should they be carried out?
4. What functionality should be provided on the website?
