2013 ISCA BY RAHUL SHARMA INFORMATION SYSTEMS CONTROL AND AUDIT CA-FINAL www.YourKnowledgeportal.com Sharing is humanity JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA INFORMATION SYSTEMS CONTROL AND AUDIT WITH MNEMONIC BY RAHUL SHARMA www.YourKnowledgeportal.com Sharing is humanity JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA HOW TO STUDY THESE NOTES Refer these notes ISCA with DINESH MADAN SIR Book or Study Material. Revise at least 5 times before exam its take 1-2 hour maximum and very helpful for point’s only. So very helpful to get at least 50+ marks. Large no of MNEMONIC CODE is given in RIGHT SIDE which are Highlighted in YELLOW COLOUR and which are very helpful for remembering points. © All rights reserved with the Authors. No part of this publication may be reproduced or transmitted, in any form or by any means, without permission. Any person who commits any unauthorised to this publication may be liable to criminal prosecution and civil claims for damages. Every effort is taken to avoid errors or omissions in this publication. Sharing is humanity www.YourKnowledgeportal.com JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA Chapter: 1 Information system concept Characteristics of good information: TQM CAR T: TIMELINESS, TRANSPARENCY Q: QUALITY: ?? PRESENTATION UTILITY ?? TIMELESS UTILITY ?? PLACE UTILITY ?? POSSESSION UTILITY M: MODE & FORMAT C: COMPLETENESS A: ACCURACY R: RELEVANCE & PURPOSE R: REDUNDANCY CHARACTERISTICS OF AN EFFECTIVE CLAIM or LIMCA C: COMMON DATABASE FLOWS C: COMMON DATA BASE C: COMPUTERIZED L: LONG TERM PLANNING www.YourKnowledgeportal.com Sharing is humanity JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA A: A EXCEPTION BASED I: INTEGRATED M: MANAGEMENT ORIENTED M: MANAGEMENT DIRECTED M: MODULARITY MISCONCEPTS ABOUT MIS: RAM R: RELATED WITH COMPUTERS ONLY A: ACCURACY IN REPORTING IS PRIME IMPORTANCE M: MORE DATA MEANS MORE INFORMATION CONSTRAINT IN OPERATING A COMPUTER BASE MIS: DELHI D: DIFFICULTY IN QUALIFYING OF MIS E: EXPERTS ARE NOT AVAILABLE PROPERLY. L: LACK OF CO-OPERATION FROM STAFF H: HIGH TURNOVER OF EXPERTS I: INSTALLTION AND OPERATING PROBLEM IN SELECTING THE SUB-SYSTEM OF MIS. EFFECT OF USING COMPUTER BASED MIS MP in BSF M: MORE COMPREHENSVE INFORMATION P: PROMPT & EASY RERIVAL OF INFORMATION IN: INCREASE THE EFFECTIVENESS OF INFORMATION SYSTEM IN: INCREASE THE SCOPE OF USE OF IS IN: INCREASE COMPLERUTY OF SYSTEM DESIGN & OPERATION B: BETTER INTEGRATION OF WORKING OF DIFFENT SUB SYSTEM OF BUSINESS ORGANISATION S: SCOPE OF WIDEN ANALYSISTER F: FAST & TIMELY DATA PROCESSING www.YourKnowledgeportal.com Sharing is humanity JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA LIMITTATIONS OF MIS: QUALITY C.D. by BPL QUALITY: QUALITY OF OUTPUT DEPENDS ON THE QUALITY OF INPUTS & PROCESSES C: CAN NOT SUBSTITUTE AN EFFECTIVE MANAGEMENT D: DOES NOT TAKE INTO ACCOUNT NON-QUANTITIVE FACTOR LIKE HUMAN JUDEMENT. D: DOES NOT PROVIDE AD-HOC REPORTS SUITABLE TO THE REQUIREMENT OF DECESION MAKERS BASED ON THE EXTERNAL DATA. B: BASED ON INTERNAL DATA ONLY. P: PROVIDE DETAILED & SUMMARIZES INFORMATION FROM OPERATIONAL DATABASE CREATED BY TRANSACTION PROCESSING SYSTEM. P: PREPARED FOR VARIOUS FUNCTION LIKE FINANCE, MARKETING, PRODUCTION & PERSONNEL. P: PREPARED PRE-DEFINED PERIODIC REPORTS & EXCEPTIONS REPORT BASED ON INTERNAL DATA. L: LESS USEFUL FOR NON-STRUCTURED DECESION. CHARACTERISTICS OF INFORMATION USED IN EXECUTIVE DECESION MAKING: LOW LEVEL & LACK OF FDI LOW LEVEL: LOW LEVEL OF DETAIL LACK: LACK OF STRUCTURE F: FUTURE ORIENTATION D: DEGREE OF UNCERTAINTY I: INFORMED SOURCE www.YourKnowledgeportal.com Sharing is humanity JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA DIFFERENCE IN TPS, MIS, DSS, EIS: TYPE & LEVEL OF FDI TYPE: TYPE OF INFORMATION LEVEL: LEVEL OF ORGANISATION SERVED F: FOCUS D: DECESION CAPABILITIES I: IMPETUS (DRIVING FORCES) COMPONENT OF EXPERTS SYSTEM: IN U.K. EXPLANATION FACILITY IN: INFERENCE ENGINE U: USER INTERFACE K: KNOWLEDGE BASE K: KNOWLEDGE ACQUISITION FACILITY EXPLANATION FACILTY CONTENT OF EIS: MEGA M: MEET THE ORGANISATION OBJECTIVE LIKE RESOURCE MANAGEMENT & UTILIZATION. E: ENCOURAGE THE OWNERSHIP OF ORGANISATION OBJECTIVE. G: GENERATE ITS CONTENTS AUTOMATICALLY IN NATURAL DAY TO DAY PROCESS. A: ADAPTABLE www.YourKnowledgeportal.com Sharing is humanity JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA FEATURE OF TPS HE is B.A. H: HANDLE LARGE VOLUME OF DATA FOR PROCESSING E: EASILY MEASURABLE BENEFIT LIKE REDUCE WORKLOAD FOR PERSONALS ETC. B: BASE TO OTHER INFORMATION SYSTEM OR PROVIDE INPUTS TOOTHER INFORATION SYSTEM A: AUTOMATES ROUTINES OR BASIC OPERATIONS CHARACTERISTICS & CAPABILITIES OF DSS PSU HMT P: PROVIDE SUPPORT FOR SOLUTION OF SEMI STRUCTURE & UNSTRUCTURED S: SUPPORT FOR VARIOUS MANAGERIAL LEVELS S: SUPPORT IS PRROVIDED TO INDIVIDUAL AS WELL AS GROUPS S: SUPPORT A VARIETY OF DECISION MAKING PROCESSESS & STYLES U: UTILIZE BOTH INTERNAL & EXTERNAL DATABASE. U: USER FRIENDLY FEATURES, STROG GRAPHIC CAPABILITIES H: HELP USER TO APPLY HIS KNOWLEDGE M: MODIFY & CONSTRUCT OF SYSTEM BY END USER T: TECHNOLOGY: OFFERS INTERACTIVE DISPLAY TECHNOLOGY www.YourKnowledgeportal.com Sharing is humanity JAI SHRI RAM HARE KRISHNA HARE KRISHNA KRISHNA KRISHNA HARE HARE HARE RAM HARE RAM RAM RAM HARE HARE RAHUL SHARMA COMPONENT OF DSS: PM at DU P: PLANNING LANGUAGE M: MODEL BASE D: DATABASE U: USER USES OF DSS IN ACCOUNTING APPLICATIONS: B.S.C. B: BUDGET VARINACE ANALYSIS. S: SECURITY ANLYSIS & PORTFOLIO MANAGEMENT. C: COST ACCOUNTING PROBLEM. C: CAPITAL BUDGETTING BENFITS OF OFFICE AUTOMATION SYSTEM: RACE R: RECEIVE, TRANSFER, STORE, RETRIEVE REQUIRED DOUCEMENT EFFICIENTLY. A: ACCURACY IN MESSAGE COMMUNICATIONS. C: COST OF MESSAGE COMMUNICATION IS LOWER C: CYCLE TIME PREPARTION, RECEIPT & COMMUNICATION OF MESSAGE. E: EFFICIENT COMMUNICATION SYSTEM WITHIN & BETWEEN ORGANISATIONS. KEY OFFICE AUTOMATION SYSTEM: ELECTRONIC-TV ELECTRONIC: ELECTRONIC MESSAGE COMMUNICATION SYSTEM. ELECTRONIC: ELECTRONIC DOUCEMENT MANAGEMENT SYSTEM. T: TEXT PROCESSORS & RELATED SYSTEM. V: VIDEO CONFERENCING & TELECONFERENCING SYSTEM. contact at ca.rs89 @ yahoo.com www.YourKnowledgeportal.com Sharing is humanity