Presented Below Is a List of Terms Relating to Accounting

question 24

Short Answer

Presented below is a list of terms relating to accounting information systems,followed by definitions of those terms.
Required: Match the letter next to each definition with the appropriate term.Each answer will be used only once.
________ 1.Detailed design proposal
________ 2.Steering committee
________ 3.Systems analysis
________ 4.Bottleneck
________ 5."Canned" software package
________ 6.Key success factors
________ 7.Information needs analysis
________ 8.Structured English
________ 9.Systems development life cycle
________ 10.Warnier-Orr
A.A special language for describing process logic that uses several key words including IF,THEN,ELSE IF,and SO
B.A software package purchased from a vendor
C.A methodology and diagramming technique for analyzing the outputs of an application and factoring the application into a hierarchical structure of modules to accomplish the necessary processing
D.Everything necessary to actually implement a design project
E.A weakness in the system where small changes can result in major improvements in performance
F.Characteristics that distinguish a company from its competitors and are integral to its success
G.The concept that every systems development project goes through essentially the same process or life cycle of systems analysis,design,and implementation
H.Group representing top management and all major functional areas within the organization which is charged with guiding the overall systems development effort
I.The process of understanding existing systems and problems,describing information needs,and establishing priorities for further systems work
J.Analysis of specific decisions made by managers in terms of the information inputs

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Definitions:

Commodity

A basic good used in commerce that is interchangeable with other commodities of the same type; common examples include grains, gold, beef, oil, and natural gas.

Derivative Markets

Financial markets for instruments like futures, options, and swaps, whose value is derived from an underlying asset such as commodities, stocks, or currencies.

Business Risks

Business risks refer to the exposure a company or organization has to factors that will lower its profits or lead it to fail.

Sarbanes-Oxley Act

The Sarbanes-Oxley Act is a U.S. law enacted in 2002 to protect investors from fraudulent accounting activities by corporations.