AFM341 Chapter Notes - Chapter 12: Analytical Review, Management System, Xbrl
22 Apr 2017
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Most important system software since it allows a computer to operate lol. ?- (cid:373)odules ca(cid:374)"t destroy/corrupt another module: protected from itself (os is made up of modules same as above, protect from environment (power failure, etc. must be able to terminate activities to be recovered later) Database: shared collection of related data that meets information needs of company. Accountants need to understand database systems because they participate in designing internal control systems and improving business and it processes. Data warehouse: centralized collection of firm data stored for 5 to 10 years, useful for finding patterns and identifying trends. Operational databases: used for daily operations (only has data for the current year, updated when transactions happen) Data mining: process of searching for patterns in the data warehouse to make decisions (ex. predict customer buying behaviour) Data governance: handling data of a firm (data quality, data management, data policies, business process management, risk management)
